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- ashur123 replied Nov 23, 2022
support still holding. Let's see if it's strong enough to take us up to 1.24 resistance.
Cable Update (GBPUSD)
- ashur123 replied Nov 22, 2022
support point still holding. 1720 pip TP to the upside from here. If support breaks, potential 1050 pip TP to the downside.
Cable Update (GBPUSD)
- ashur123 replied Nov 20, 2022
Last TP of $1.20 was hit. Updated TP is at $1.35, currently price testing $1.17 support point.
Cable Update (GBPUSD)
- ashur123 replied Nov 18, 2022
Hedging is definitely the way to go in forex. It eliminates being biased, which I believe is the leading cause of losses.
Hedging/averaging trades without prediction
- ashur123 replied Nov 16, 2022
My strategy is based on trading all of the currencies. Currently on gbpusd pair I only have sells that is correct, but take a look at the other gbp pairs. I've got both long and shorts on them. So some trades are directly hedged, others are ...
Do you use stoploss?
- ashur123 replied Nov 15, 2022
To each their own. If you feel the stoploss is working for you, use it. How many times has your stoploss been hit just by a couple pips only to reverse and go in your favor after? Stoploss is the brokers take profit and the fact that 90%+ traders ...
Where's The Edge?
- ashur123 replied Nov 14, 2022
Yes you should be trading pennies instead if your account isn't big enough. Never mind buying your girlfriend steaks with forex money, not until you've built it big enough where it's consistently bringing in bigger and bigger profits as it grows. ...
Where's The Edge?
- ashur123 replied Nov 14, 2022
Your edge is in the money management. Their edge is in you using a stoploss. If your trade requires a stoploss, your position size is too big. No matter where you place that stoploss you will lose in the long term.
Where's The Edge?
- ashur123 replied Nov 13, 2022
update. price at higher support point. Almost at TP 1.20
Cable Update (GBPUSD)
- ashur123 replied Nov 13, 2022
Support broke. Heading back down to previous channel $3500
Bitcoin (BTCUSD)
- ashur123 replied Nov 10, 2022
My golden rule is if the trade requires a stop loss, the position size is too big.
Cable Update (GBPUSD)
- ashur123 replied Nov 9, 2022
No stoploss. If your position requires a stoploss, your position size is too big. Stoploss should actually be renamed to takeloss. It doesn't stop you from losing, it guarantees your loss if anything. To each their own. If stoplosses are actually ...
Do you use stoploss?
- ashur123 replied Nov 9, 2022
Money management is the only way to make money from forex. Without it, you will always lose in the end.
Can money management make Forex trading profitable?
- ashur123 replied Aug 31, 2022
last week support point couldn't hold. Let's see how this week holds up.
Cable Update (GBPUSD)