Cable Update (GBPUSD)

Quoting RickM

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{quote} Hi ChiForex My last word on Martingale before the action starts. There is a method to control draw down to 5% on any grid system while profiting very nicely along the way. Just because a trader is not aware of strategy's that can deal with this issue does not mean they don't exist. However this is not the place for this discussion. Anyway good luck tonight if your trading the news soon. I am trading the M1 chart like I do every night.

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Quoting cablefx

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{quote} there have 4 account as i know exist since 2015 or 2016 till now.. he run gbpusd and eurgbp

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Quoting xtradex

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{quote} Ok, then show the results. You dont have to disclose the system. I have hard time believing what you are saying...

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Quoting RickM

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{quote} Hi Xtradex I will give you a clue. A martingale trading system is just a MEME trading system where we focus on the exit strategy. So in affect we are optimizing a strategy to achieve a end result of a good profit AFTER keeping the draw down to a low level. So how is that achieved. If the draw down has the capacity to blow out on a big trend, WHAT DO I NEED TO DO TO OFFSET THIS LOSS The ball is now in your court ? And this is all you are getting- {image}

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Quoting FXCyborg

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{quote} some of you may be wondering why didn't these levels work and why it over shot the level? re: mini-imbalance zone A: because it was already assisted at the level and the orders were already collected. So what we do next is find previous imbalance zones, found at DBD (Drop base drop) areas, as noted in this image with the brownish lines... as shown in screenshot.. as you will see, the last one got hit to the POINT... when it does that, we look for engulfing patterns to get in, as shown labelled "Entry" - and target the bearish imbalance zone...

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Quoting xtradex

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{quote} This doesnt prove anything. I was asking for a verified account, not a screenshot which can easily be fake. So the only thing you have shown so far is that you are not able to provide what was asked of you. But what else can you expect from a FF blowhard?

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Quoting xtradex

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{quote} This doesnt prove anything. I was asking for a verified account, not a screenshot which can easily be fake. So the only thing you have shown so far is that you are not able to provide what was asked of you. But what else can you expect from a FF blowhard?

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Quoting geektrader

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{quote} Don´t waste your time, no one can show such an account at all, it´s all fake or manipulated screenshots. A verified MyFxBook link (can even disable to show his equity) would be easily done in less than 5 minutes, including sharing it here - instead you always just get screenshots and excuses why they cannot do that, haha. Grids and martingales will always fail in the longer term (fail = account wiped in the cases of these kind of systems), been into that for 20 years,
you always see the same kind of people claiming "BUT I´ve made it...

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Quoting ChiForex

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{quote} You could had just replied by what is your strategy, martingale or not? Nobody is putting you down or trying to slow your advance in trading if it is so.. Confidence is not enough to not blow your account if it's martingale strategy. Most who use such strategy face a day when the market trend goes against their trades while they are still adding positions in hope to close all at breakeven or profit. The worst is when trading a pair that's in critical period due to brexit..etc it might spike in one direction and do not say you're sure it...

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Quoting RickM

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I am holding off on taking a trade on H4. I see no higher high here and the pressure to push it down on the Master Candle is strong. I will be looking for either a Sell off on M5 or a Breakout on H4 tomorrow. {image}

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