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Cable Update (GBPUSD)

  • #566,961
  • Dec 20, 2020 10:24am Dec 20, 2020 10:24am
Quoting Temujin
{quote} Upside coming. U.S. stimulus package vote today will weaken the dollar.

possibly although think most of it already priced in ... hence the USD weakening so much over past weeks

what’s not priced is a no deal brexit which remains a big threat to the markets
  • #566,962
  • Dec 20, 2020 10:29am Dec 20, 2020 10:29am
Quoting Headland
{quote} Like you say he prefers 'giving fish' than teaching how to fish...ie you won't be able to give his system a shot because he he will not reveal it....and even if he continues to post the supposed 'SM' trades - you will be relying on him for those signals, and in any event in a threaded format like this forum - you will always get them late - ie when you next refresh your browser. What if he stops posting - what will you do then ? Like I said in a previous post, I don't know whether his intent is genuine or not but even if it is - this is...

Give it a shot in the extent that I will take note of his entry, SL and TP;
and will work around it on 1M and 5M chart... It easier to create your own
working system from just Entry, SL and TP plus Chart studying....
He can only get me off guard if he stops setting SL and TP

I have a working system which I am proud of. I just need a lower
TF working system which I can just gamble with at my leisure time...

I just need to wait 3month to confirm through his explorer is the system
is working...

When you are given fish, do you eat, have the energy and sit at home?
No! follow him to the river, carry the fishing rod, carry the fish home...
gradually, you become a fisherman...

In essence, you don't need someone give their secret, work with little
he gave... Nobody will give his system because not that they don't want to
but because its very difficult to explain....
How do you want me to explain a system that took him years to build?



if you know, you know...
My goal is what keeps me going...
  • #566,963
  • Dec 20, 2020 10:44am Dec 20, 2020 10:44am
Quoting nessus94
{quote} If You Have a very good system will you give it for free here ? yuu cannot blame him from showing off
nessus94, I believe I have a good system/method/strategy of trading and I posted everything that I use here on FF forums. You can find this information in my profile. I encourage people to ask questions if something is unclear or if they want to know how I see things from my perspective. Many took advantage of this offer and asked the questions via PM or on the forum. I also mentioned well know traders/educators who influenced me during building my method (Fischer, Minor, Carney, Sperandeo, Raschke). Elliott Wave Principle is known for 80 years, Harmonic patterns for more than 20 years, range trading (weekly, daily, 20days) known forever but popularized by Turtle Traders in the early 80s (Richard Dennis)...it's nothing mysterious about my approach. Even if you use only Dow Theory or Wyckoff Theory (S/D zones) you would come to a similar conclusion as I with your entry/exit, SL or TP...
We have here 4 groups of people:
1) Those who have already had proven methods of trading and present their opinions/ charts/ recommendations based on it. Look how they frame their posts:
my system telling me to go long/short, ...possible flat correction, possible expanded flat, zig-zag in making, watch for Gartley, the right shoulder is forming, or Weekly R1 pivot is going to be hit, S/D zone at... etc.
2) People who post here for 6-12 years and still are in the woods seeking Holy Grail.
3) People who don't believe that they have an ability to exist on their own in this business and come here only for trading signals ( entry/exit) etc. They are not interested in learning only "making money". They look for a fish, not a fishing pole...
4) Self-proclaimed GURUS...
As stated by many traders here anyone who is serious about trading should develop their own method of trading which will agree with her/his personality, tolerance for risk, and so on. Good luck to every one of you.
Always trade your own plan...I don't provide trading signals.
  • #566,964
  • Dec 20, 2020 10:59am Dec 20, 2020 10:59am
Quoting Coreg2004
{quote} nessus94, I believe I have a good system/method/strategy of trading and I posted everything that I use here on FF forums. You can find this information in my profile. I encourage people to ask questions if something is unclear or if they want to know how I see things from my perspective. Many took advantage of this offer and asked the questions via PM or on the forum. I also mentioned well know traders/educators who influenced me during building my method (Fischer, Minor, Carney, Sperandeo, Raschke). Elliott Wave Principle is known for 80...
There’s only one reason why many fail and you did not even mention it
Master your mind. Master Trading.
  • #566,965
  • Dec 20, 2020 11:22am Dec 20, 2020 11:22am
Hi Guys,

In line with all the comments, I just want to give my view and no pun intended.
To chime in on the topic of posting trades or trading systems here. We all post trades for different reasons. Some for gaining recognition, some for gaining followers, some for an ego trip, some for socializing, some hoping to get critique on their trading systems or trade entries and so the list goes on. The most sinister reason of course are those who try and lure traders and especially new traders into paid systems and more often than not turn out to be false hopes and promises and ultimately scams. I am sure, however, that these people are quickly exposed, but unfortunately at the expense of gullible traders.

Here's the thing though. I don't think that any trader should be slated for posting their trades, or boasting about their winnings and so forth. Throw 100 people in a room for a period of time and you will soon find that some are egotistical, some are narcissistic, some are skeptics, some are bossy, some are happy go lucky, some are introverted, and so forth. We choose who we want to be friends with according to our own personalities and this is how society works. It is very much the same in trading forums. We have all walks of life here.

I post my trades and my system for the following reasons:

I keep a journal of all my trades which I can go back on. The reason I quote all my posts. In this way, I get a pattern of my trade decisions and my thinking at the time of entering a trade. Very useful and everyone should try this. FF is an ideal place to keep a journal.

It helps me to stay on top of my game especially knowing that traders are observing,

If I can help other traders with my charts and thinking then I know I have achieved something.

If I get recognition for this, it makes me feel good and inspires me to give more.

To summarize. It is a win-win situation for me and I hope others.

Have a great week Guys
Cheers.
Trade to trade another day
  • #566,966
  • Edited 1:33pm Dec 20, 2020 11:53am | Edited 1:33pm
Some great posts in here guys. I haven’t posted in the GBPUSD update thread for perhaps 6 or 7 years.

My view is this place is fine for general conversation about cable and news around the pair, but it has nothing to do with trading. Being right or even arguing on a public forum has nothing to do with trading. Internet notoriety is not going to pay the bills.

It's very possible to have a bullish view on the pound and still make money on the sell side if your strategy is offering a sell setup, or you're adapting to fresh price information. Everyone here is going to have a very different approach.

I would highly recommend those new to go find those with a strategy/style that resonates with them and then go off and from part of a small community or thread of likeminded traders.

This place is still useful for keeping tabs on news events and general pound chat or just for entertainment value, but not anything more.

Those who are purely looking for trade signals are wasting valuable learning time.
  • #566,967
  • Dec 20, 2020 12:27pm Dec 20, 2020 12:27pm
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  • #566,968
  • Dec 20, 2020 12:39pm Dec 20, 2020 12:39pm
https://www.fxstreet.com/news/new-co...t-202012201622
Dark clouds coming...
  • #566,969
  • Dec 20, 2020 12:48pm Dec 20, 2020 12:48pm
Quoting Headland
{quote} No, of course not, and showing off is fine if one is insecure enough to feel the need to have one's ego stroked by a bunch of 'virtual' electronic strangers, and if that's all it is then great, whatever works for them. In this case the poster in question is actively encouraging folk to blindly follow his trades and that is at least a warning sign of possible mal-intent, whether it proves to be so or not.

That is one opinion to look at it, and from your eyes a valid one.

Another way to look at it, might be that by him being on this form, and just telling the group at the moment he sees a trade, BUY or SELL, he might NOT want the group just to follow blindly, one who does, well, you on your own.

The way Im looking at it is that he is building credibility, by predicting and calling moves, each to his own to to look at your own system and see if you agree or not. For my side personally, I caught a few of his postings in time, and it confirmed on my system also, even it it was just a fast 10 or 20 pointer trade ( I scalp hard & fast)

What will be interesting for me too see is the BUYs he called SM was positioning into (late in the past week), must start to bear fruit in the next near future, if that is going to happen, I will see his calling as just that : building credibility for future use.

In my eyes nothing wrong with that

" If you are good at something, NEVER do it for free" - The Joker , Batman, Dark Knight....lol
  • #566,970
  • Dec 20, 2020 12:57pm Dec 20, 2020 12:57pm
Brexit deadline MISSED: EU trade talks in chaos and could now stretch through CHRISTMAS
https://www.express.co.uk/news/polit...er-david-Frost

100 pip gap down atm.
Everyone can see the chart, but only a few can actually read it.
  • #566,971
  • Dec 20, 2020 1:03pm Dec 20, 2020 1:03pm
Quoting OnlineAddict
Brexit deadline MISSED: EU trade talks in chaos and could now stretch through CHRISTMAS https://www.express.co.uk/news/polit...er-david-Frost 100 pip gap down atm.
Hoping for flash-crash to 3200 in coming days, would be nice Christmas present
  • #566,972
  • Dec 20, 2020 1:04pm Dec 20, 2020 1:04pm
Quoting Marbas
{quote} Hoping for flash-crash to 3200, would be nice Chrustmas present
Thats a mini dive...if there will be a flash crash in the coming 2 weeks, it would be for 500 pips minimum.
Everyone can see the chart, but only a few can actually read it.
  • #566,973
  • Dec 20, 2020 1:09pm Dec 20, 2020 1:09pm
Quoting OnlineAddict
Brexit deadline.. n atm.

Yoooo

Schmooster

When 1.45
Beware of robber banks (RB), bad advisors.
  • #566,974
  • Dec 20, 2020 1:12pm Dec 20, 2020 1:12pm
Quoting Marbas
{quote} Hoping for flash-crash to 3200 in coming days, would be nice Christmas present


It may spike up and down and we'll take our at the end (or every 200 pips say).

1.33 then 1.30.,



My chart

Yeah sold Friday


Sue me


No this thread don't deserve better
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Beware of robber banks (RB), bad advisors.
  • #566,975
  • Dec 20, 2020 1:14pm Dec 20, 2020 1:14pm
LOL.

Quoting OnlineAddict
Yes, there will be 1.45, I blablaaaa
It may take months or a year, I don't really care, I will keep buying the dips and.....few lies here by O.Add...... Good advice!
I'm saving this in my notes.
I'll laugh and pull it occasionally

Onlinus Addictus Longus
Beware of robber banks (RB), bad advisors.
  • #566,976
  • Dec 20, 2020 1:21pm Dec 20, 2020 1:21pm
Which gap will close first lol
A fool and his money are easily parted
  • #566,977
  • Dec 20, 2020 1:26pm Dec 20, 2020 1:26pm
Quoting MozzChops
Which gap will close first lol
we have DUALGAPS here xD
  • #566,978
  • Dec 20, 2020 1:28pm Dec 20, 2020 1:28pm
Quoting BitcoinBoff
{quote} That is one opinion to look at it, and from your eyes a valid one. Another way to look at it, might be that by him

Hunterrus84

being on this form, and just telling the group at the moment he sees a trade, BUY or SELL, he might NOT . ht....lol
Hi

Been here a loooooong time.

I can spot a crook, shill and liar in 15 seconds.

Here's how . Free.

This guy Humuspumus has some hilarious demo. 400% prooooofit from 400 pips trade
Yeaaaa good.

So 90 pips loss would have killed his funny account ..... Just like it did his other dozen accounts.



Shhhhhhh It's a secret
Shhhhhh


He trades on a 1 min frame???? And used the word Thursday


Yooooo. How many minutes between Thursday and Friday??


Boom. Nailed it.



You're welcome.


Ohhh sure
Trade 1min frame and follow that guy
Attached Image
Beware of robber banks (RB), bad advisors.
  • #566,979
  • Dec 20, 2020 1:31pm Dec 20, 2020 1:31pm
Quoting Not-KPMG
{quote} Yoooo Schmooster When 1.45
We will hit 1.45 when you'll be mentally stable and off your medication.
Everyone can see the chart, but only a few can actually read it.
  • #566,980
  • Dec 20, 2020 1:37pm Dec 20, 2020 1:37pm
Quoting OnlineAddict
{quote} Thats a mini dive...if there will be a flash crash in the coming 2 weeks, it would be for 500 pips minimum.
Even though you sold Cable, you sold it too low and over-leveraged. Your account already got busted.

Link: https://forums.babypips.com/t/from-1...rnal/332424/74
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