GBPUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR Explosive reaction to 1.31000 KL
DAILY Formed a bullish HL, expecting new Highs!
WEEKLY Overall bearish market but also oversold strongly, we need a pullback and sellers pressure is slowing down
LEVELS BUY GBPUSD @ 1.32080 SL @ 1.30800 (130 Pips) TP1 @ 1.33490 (140 Pips) TP2 @ 1.33990 (190 Pips) MOVE SL TO BE @ HIT OF 88.6 FIB! Weekly Wave Swing, Close 3/4 Position at Hit of TP1!
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Wow ... Why are you all kidding yourselves with excuses as to why the trade failed.
1)The author gave a 130 pip SL just to make profit of 140 pips. The risk to reward ratio was 1:1. That's just dumb.
2)130 pip stop hunt?! Really! Call a spade a spade. The author went against the trend!
FYI: A lot of traders try unsuccessfully to predict reversals instead of just following the trend. This is just a sad example of such made much worse with horrendous risk management.
DACapitalTrading
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@chaosbegone, TP is at 190 pips thats a 1:15 Ratio, losses are a part of the game last week we made over 200 Pips
if you cannot handle a few losses theres the part where and why you wont make any money :)
Have a great day
chaosbegone
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@DACapitalTrading, Oh hell no! I do not follow other traders recommendations. I am very successful with my own analysis thank you very much.
I just go over websites like this to track "dumb money" sentiment. The only reason i commented was because a lot of traders were deluded and making up excuses why this trade failed. One even suggested jumping right back in!
BernieKruger
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@chaosbegone, bla bla bla bla, you're just a legend in your own mind
innoxcroom
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@chaosbegone, Every trader have their own eyes. There is nothing wrong with 130pip stoploss "for me its too much" But still ok. They are doing great and that's why you need to stick to RISK MANAGMENT.
Its easy to blame. @DACapitalTrading Good job! Lets eat some pips! :D
DACapitalTrading
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@innoxcroom, Thanks mate! We win and loose together
shaudfx
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Strategy was correct but the Entry point wasn't. Your stop lose is too high. It't not a perfect trading.
shaudfx
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IT was a range trading.
DACapitalTrading
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@shaudfx, overall we make 9700 pips/Year thats 800 monthly we dont need more ;)
Trading2ez
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Chillax? LOL IT`S trading!
How can he know that the FED is going to f**k his idea?
If you want 100% hitrate then leave this busines and do something else. The Market is the biggest casino in the world so PLS stfu and do it better! =)
1)The author gave a 130 pip SL just to make profit of 140 pips. The risk to reward ratio was 1:1. That's just dumb.
2)130 pip stop hunt?! Really! Call a spade a spade. The author went against the trend!
FYI: A lot of traders try unsuccessfully to predict reversals instead of just following the trend. This is just a sad example of such made much worse with horrendous risk management.