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Cable Update (GBPUSD)

  • #534,961
  • Jul 12, 2020 7:31am Jul 12, 2020 7:31am
thanks guys for participation in the discussion.

The conclusion :

Leave it to individuals.

Intraday only.
  • #534,962
  • Jul 12, 2020 7:32am Jul 12, 2020 7:32am
Quoting ngiler
{quote} for me tp 200pips, sl 50pips max
I run usually a 1.2 ratio

40 pip TP - +2%
20 pip SL - -1%

I run a 5 k account, withdrawal profit weekly.

Like this week I made +24%? I posted a couple pages back, its doable but I couldn't do every week, no way.
  • #534,963
  • Jul 12, 2020 7:33am Jul 12, 2020 7:33am
Quoting navk
{quote} My point is this. Rest one can do based on risk appetite.
Navk, I'm trying to understand this.
Data + Stat + Risk/Emotions Management
  • #534,964
  • Jul 12, 2020 7:35am Jul 12, 2020 7:35am
Quoting joesherwood
{quote} I run usually a 1.2 ratio 40 pip TP - +2% 20 pip SL - -1% I run a 5 k account, withdrawal profit weekly. Like this week I made +24%? I posted a couple pages back, its doable but I couldn't do every week, no way.
I was running a similar capital account few weeks/months ago and consistently withdrawing 110 $ everyday.

Rest of profits will goto capital growth.

If you look at some of my posts, you can see that.

Some people advised me not to post the real profit in dollar terms and then I stopped it.
Intraday only.
  • #534,965
  • Jul 12, 2020 7:36am Jul 12, 2020 7:36am
Quoting Georginson
{quote} Navk, I'm trying to understand this.
Yeah,

Take confirmed entry, ( I see regularly in my chart )

Be disciplined not to take a trade until such time

Look for 20 pips

Increase lot size.

Book 200 $

Quit trading for the day.

Edit :

Once you make fast 10k or 100k, turn to conventional method of trading.
Intra day only.

Intraday only.
  • #534,966
  • Jul 12, 2020 7:37am Jul 12, 2020 7:37am
Quoting navk
{quote} Yeah, Take confirmed entry, ( I see regularly in my chart ) Be disciplined not to take a trade until such time Look for 20 pips Increase lot size. Book 200 $ Quit trading for the day. Edit : Once you make fast 10k or 100k, turn to conventional method of trading. Intra day only.
Well said
Data + Stat + Risk/Emotions Management
  • #534,967
  • Jul 12, 2020 7:54am Jul 12, 2020 7:54am
Quoting navk
{quote} A serious discussion. 1000 $ Account. You or me find a right place to buy or sell in a particular day. The target can be ( only ) 15 to 20 pips. The right place ( buy or sell ) can go against you by 10 to 15 pips. And whatever your system is.... must give a move up or down by 15 to 20 pips. The move against your trade.... I just mentioned it for the sake of it. But You take a trade at right place and close it with 150 to 200 $ profit. But the target must be just 15 to 20 pips only. As I said, we have a capital of 1000 $ or 2000 $ only. Every...
I can try this with you.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #534,968
  • Jul 12, 2020 8:15am Jul 12, 2020 8:15am
Quoting navk
{quote} A serious discussion. 1000 $ Account. You or me find a right place to buy or sell in a particular day. The target can be ( only ) 15 to 20 pips. The right place ( buy or sell ) can go against you by 10 to 15 pips. And whatever your system is.... must give a move up or down by 15 to 20 pips. The move against your trade.... I just mentioned it for the sake of it. But You take a trade at right place and close it with 150 to 200 $ profit. But the target must be just 15 to 20 pips only. As I said, we have a capital of 1000 $ or 2000 $ only. Every...

This is feasible. I consistently trade 200$ up to 2000 on a weekly basis. I find I do better with small accounts. When they get big I crap out. For now at least. You need patience though. Wait for set ups that ring ALL your bells, and then wait for confirmation. When I see all these I compound trade so my first trade pays for my second, and so on stopping 30 pips from the target of the first trade. If the last two open start to eat in on the third to last one? Close everything, and still have profit from the lower ones. Once you have enough.. withdraw your principle and play with the system's money. If you crap out... Still have your principle. If not? Still have it, plus the profit. Withdraw, and start again.

The ONLY problem that I see with your system is the daily quota. I have my trades open for days at a time. When I had a mental daily quota, I found myself looking harder for trades. You have to wait for them to come to you in these types of situations. But as I said... feasible. Good luck.
Don't compare your trades to others. Most often the masses are the asses
  • #534,969
  • Jul 12, 2020 8:23am Jul 12, 2020 8:23am
Quoting navk
{quote} Yeah, Take confirmed entry, ( I see regularly in my chart ) Be disciplined not to take a trade until such time Look for 20 pips Increase lot size. Book 200 $ Quit trading for the day. Edit : Once you make fast 10k or 100k, turn to conventional method of trading. Intra day only.
I personally plan on trading this way continuously. 200 now. 2000 when I have 10k put away.. 20000 when I have 100K, and oh man. 1 milion? I am getting a hard on just thinking about it. Each trade is 1% of the total. For me the saving grace is that I stack them. You can't trade my way on a 15m chart. 4hr does best. As long as you take your principle off the table..
Don't compare your trades to others. Most often the masses are the asses
  • #534,970
  • Jul 12, 2020 8:28am Jul 12, 2020 8:28am
Quoting OBsayMkMoney
{quote} This is feasible. I consistently trade 200$ up to 2000 on a weekly basis. I find I do better with small accounts. When they get big I crap out. For now at least. You need patience though. Wait for set ups that ring ALL your bells, and then wait for confirmation. When I see all these I compound trade so my first trade pays for my second, and so on stopping 30 pips from the target of the first trade. If the last two open start to eat in on the third to last one? Close everything, and still have profit from the lower ones. Once you have enough.....
it is possible.

It all depends on trading method one follows.

Just look at my friday chart.

One buy entry, 20 pips profit.

One sell entry, 20 pips profit.

Take a trade without delay on confirmation.

Wait for support or resistance to form first. Then look for long or short entry confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: OctaFX.png Size: 103 KB
Intraday only.
  • #534,971
  • Jul 12, 2020 8:30am Jul 12, 2020 8:30am
look at Thursday chart.

20 pips possible. By shorting.
Attached Image (click to enlarge)
Click to Enlarge Name: OctaFX.png Size: 87 KB
Intraday only.
  • #534,972
  • Jul 12, 2020 8:32am Jul 12, 2020 8:32am
look at wednesday 8 th july chart.

20 pips possible .

long entry
Attached Image (click to enlarge)
Click to Enlarge Name: OctaFX.png Size: 97 KB
Intraday only.
  • #534,973
  • Jul 12, 2020 8:34am Jul 12, 2020 8:34am
look at 7th july tuesday chart.

one long entry for 20 pips,

1 short entry for 20 pips possible.
Attached Image (click to enlarge)
Click to Enlarge Name: OctaFX.png Size: 103 KB
Intraday only.
  • #534,974
  • Jul 12, 2020 8:36am Jul 12, 2020 8:36am
look at 6th july monday.

1 short entry for 20 pips possible.
Attached Image (click to enlarge)
Click to Enlarge Name: OctaFX.png Size: 111 KB
Intraday only.
  • #534,975
  • Jul 12, 2020 8:38am Jul 12, 2020 8:38am
so, it is all upto you guys.

Make money in a disciplined way, make every day, or slog over a period and look for huge pips.

Never, ever take trades without seeing a confirmation of reversal/ retrace.
Intraday only.
  • #534,976
  • Jul 12, 2020 8:53am Jul 12, 2020 8:53am
Quoting OBsayMkMoney
{quote} I personally plan on trading this way continuously. 200 now. 2000 when I have 10k put away.. 20000 when I have 100K, and oh man. 1 milion? I am getting a hard on just thinking about it. Each trade is 1% of the total. For me the saving grace is that I stack them. You can't trade my way on a 15m chart. 4hr does best. As long as you take your principle off the table..
for me, the 15 mins better, being Intraday trader.

If I want to trade, retrace, i can trade too.

Who imagined it is retrace small or retrace big? That happened on 9 th july when daily was bullish ?

The drop was almost 100 pips.

I am looking only 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: OctaFX.png Size: 81 KB
Intraday only.
  • #534,977
  • Jul 12, 2020 9:14am Jul 12, 2020 9:14am
Quoting navk
{quote} capital can be anything. I just mentioned 1k. it can be 2 k or 3 k even. But what I mentioned is dicipline. Take a trade only when you see an opportunity of 15 to 20 pips. Not that you take a trade in bullish side ( Because daily is bullish ) Use any TF, 1 min or 5 min or 15 min or whatever... the aim to capture clean 20 pips, not that take a trade and wait/hope it moves one your side which oftern a common trader does. Our intention is to make money only, It is not at all needed to analyze and say whether the price goes from 1.2600 to 1.2700...
Just a thought, you can disagree:

What if we make a contest on demo first? If you can expand its scope to anyone in this thread. That would be great. I am in for demo contest if you want to

start here. How about that?

TW


PS: TP ---> 20 pips every day
SL --->20 pips every day
WARNING: This post warps space and time in its vicinity.
  • #534,978
  • Jul 12, 2020 9:34am Jul 12, 2020 9:34am
Quoting WizardTrade
{quote} Just a thought, you can disagree: What if we make a contest on demo first? If you can expand its scope to anyone in this thread. That would be great. I am in for demo contest if you want to start here. How about that? TW PS: TP ---> 20 pips every day SL --->20 pips every day
I have one I use to show charts from as my platform I can seam to be able to upload chats from . Is 2 months old now and I do try to mimic my real deals .starts with 100,000 dollars
  • #534,979
  • Jul 12, 2020 9:38am Jul 12, 2020 9:38am
Quoting WizardTrade
{quote} Just a thought, you can disagree: What if we make a contest on demo first? If you can expand its scope to anyone in this thread. That would be great. I am in for demo contest if you want to start here. How about that? TW PS: TP ---> 20 pips every day SL --->20 pips every day
the important thing is entry point.

If the entry is not right, 20 pips stop will be hit.

The entry level :

1. Look for resistance or support at hourly high or low.
2. Look for buy or sell signal. Take a trade.
3. Set STOP and TP.

My example chart is this. This is only mine.
Attached Image (click to enlarge)
Click to Enlarge Name: OctaFX.png Size: 80 KB
Intraday only.
  • #534,980
  • Jul 12, 2020 9:43am Jul 12, 2020 9:43am
Quoting navk
{quote} the important thing is entry point. If the entry is not right, 20 pips stop will be hit. The entry level : 1. Look for resistance or support at hourly high or low. 2. Look for buy or sell signal. Take a trade. 3. Set STOP and TP. My example chart is this. This is only mine. {image}
Yes, every trade will be triggered with an SL and TP right from the very beginning. No modification of SL and TP after that. It can work great in London and NY session.
WARNING: This post warps space and time in its vicinity.
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Ahsan