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Cable Update (GBPUSD)

  • #585,921
  • Mar 24, 2021 6:59am Mar 24, 2021 6:59am
Quoting Benton
{quote} We are gambling! I just placed a bet in other option platform: Tomorrow at 3:00 AM ET. If GU goes above 1.3760, I would win $82. If not, I would lose $18.
G/L with your bet! I don't consider that I am 'gambling.' I trade when the probability of a successful outcome is on my side - I have no idea whether the particular set-up I next trade will be a winner or loser I just know that if I stick to the rules, hold my discipline and trade my empirically proven edge (proven over a very large total of individual samples to this point in time,) that if history keeps repeating, then over the next/current sample of trades, I will come out on top. There is a difference.
Trader with an Edge.
  • #585,922
  • Mar 24, 2021 7:04am Mar 24, 2021 7:04am
Good point there mate... There, really, is a difference lol.

KP

Quoting Headland
{quote}....I don't consider that I am 'gambling.' I trade when the probability of a successful outcome is on my side - I have no idea whether the particular set-up I next trade will be a winner or loser I just know that if I stick to the rules, hold my discipline and trade my empirically...I will come out on top. There is a difference.
Do your homework, follow the footprints of smart money
  • #585,923
  • Mar 24, 2021 7:08am Mar 24, 2021 7:08am
I expect a further retrace to 3750 today.

3700 is support now.
Intraday only.
  • #585,924
  • Mar 24, 2021 7:12am Mar 24, 2021 7:12am
Quoting Headland
{quote} G/L with your bet! I don't consider that I am 'gambling.' I trade when the probability of a successful outcome is on my side - I have no idea whether the particular set-up I next trade will be a winner or loser I just know that if I stick to the rules, hold my discipline and trade my empirically proven edge (proven over a very large total of individual samples to this point in time,) that if history keeps repeating, then over the next/current sample of trades, I will come out on top. There is a difference.
I agree with what you have said. We just said the same thing in a different way!
When we trade, we actually place a bet on the side of what you believe in higher probability! You admit or not, it is a betting!
  • #585,925
  • Mar 24, 2021 7:15am Mar 24, 2021 7:15am
Quoting Headland
{quote} G/L with your bet! I don't consider that I am 'gambling.' I trade when the probability of a successful outcome is on my side - I have no idea whether the particular set-up I next trade will be a winner or loser I just know that if I stick to the rules, hold my discipline and trade my empirically proven edge (proven over a very large total of individual samples to this point in time,) that if history keeps repeating, then over the next/current sample of trades, I will come out on top. There is a difference.
If people say this to me I just say- by the same logic, if you're investing in a pension fund, you're gambling. Putting money on an uncertain outcome.
  • #585,926
  • Mar 24, 2021 7:17am Mar 24, 2021 7:17am
Quoting Moty
the bulls run is coming!!! go go go {image}
what happen to goldi? Deep sleep
  • #585,927
  • Mar 24, 2021 7:18am Mar 24, 2021 7:18am
I'm taking a shot at buying.

[email protected]
[email protected]
[email protected]
  • #585,928
  • Mar 24, 2021 7:19am Mar 24, 2021 7:19am
long
Attached Image (click to enlarge)
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The only constant is change
  • #585,929
  • Mar 24, 2021 7:21am Mar 24, 2021 7:21am
Quoting gatenio
{quote} what happen to goldi? Deep sleep
I wish I could trade gold, but after draining my accounts again and again, I've promised myself not to touch it for the time being.
  • #585,930
  • Mar 24, 2021 7:22am Mar 24, 2021 7:22am
Quoting Headland
{quote} G/L with your bet! I don't consider that I am 'gambling.' I trade when the probability of a successful outcome is on my side - I have no idea whether the particular set-up I next trade will be a winner or loser I just know that if I stick to the rules, hold my discipline and trade my empirically proven edge (proven over a very large total of individual samples to this point in time,) that if history keeps repeating, then over the next/current sample of trades, I will come out on top. There is a difference.
Don't wont to get into an argument over this but the same can be said for sports betting and cards, I think words gambling/trading have different meanings to different people, don't think anyone is right or wrong just different interpretations
  • #585,931
  • Mar 24, 2021 7:24am Mar 24, 2021 7:24am
Quoting Kaysole
{quote} I wish I could trade gold, but after draining my accounts again and again, I've promised myself not to touch it for the time being.
im in the same hole.
no matter what im doing it run 10 point ms against me, im flip and 10 again..
Im out of ideas
  • #585,932
  • Mar 24, 2021 7:28am Mar 24, 2021 7:28am
Quoting gatenio
{quote} im in the same hole. no matter what im doing it run 10 point ms against me, im flip and 10 again.. Im out of ideas
I think the gold market is only after me and you.
  • #585,933
  • Mar 24, 2021 7:29am Mar 24, 2021 7:29am
Quoting mysterio
{quote} If people say this to me I just say- by the same logic, if you're investing in a pension fund, you're gambling. Putting money on an uncertain outcome.
haha! I do consider forex trading a gambling activity due to its high risky nature. Buying or selling stocks or bonds may not. You guys may not agree with me. But I d consider myself a gambler!
  • #585,934
  • Mar 24, 2021 7:33am Mar 24, 2021 7:33am
Quoting Waveskierrob
{quote} Don't wont to get into an argument over this but the same can be said for sports betting and cards, I think words gambling/trading have different meanings to different people, don't think anyone is right or wrong just different interpretations
You're right, they have different meanings to different people, but when the word "gambling" is used, it is insinuated (generally) that the odds are stacked against you. That's probably why Headland chose not to use that term for trading (if you know what you're doing of course).
  • #585,935
  • Mar 24, 2021 7:34am Mar 24, 2021 7:34am
Quoting gatenio
{quote} im in the same hole. no matter what im doing it run 10 point ms against me, im flip and 10 again.. Im out of ideas
half your lot size, double your stoploss ?
  • #585,936
  • Mar 24, 2021 7:36am Mar 24, 2021 7:36am
Quoting gatenio
{quote} im in the same hole. no matter what im doing it run 10 point ms against me, im flip and 10 again.. Im out of ideas

haha! I am sorry, can't hold myself! Nothing makes me more happy than the misery of the others...

Seriously. She will go up. Not far from now.
Maybe you need to increase your pain tolerance with her?
Maadik Hugiis. IQ 69.
  • #585,937
  • Mar 24, 2021 7:41am Mar 24, 2021 7:41am
Quoting Kaysole
{quote} You're right, they have different meanings to different people, but when the word "gambling" is used, it is insinuated (generally) that the odds are stacked against you. That's probably why Headland chose not to use that term for trading (if you know what you're doing of course).
Gambling is the wagering of money or something of value on an event with an uncertain outcome, with the primary intent of winning money or material goods. Gambling thus requires three elements to be present: consideration, risk, and a prize.

again it's how YOU interpret
  • #585,938
  • Mar 24, 2021 7:47am Mar 24, 2021 7:47am
Quoting Waveskierrob
{quote} Gambling is the wagering of money or something of value on an event with an uncertain outcome, with the primary intent of winning money or material goods. Gambling thus requires three elements to be present: consideration, risk, and a prize. again it's how YOU interpret
If you look at it by definition, walking across the street is gambling with your life too. What I mentioned is what is implied by the meaning for many and that's why some don't associate trading with gambling.
  • #585,939
  • Mar 24, 2021 7:49am Mar 24, 2021 7:49am
Quoting Kaysole
I'm taking a shot at buying. [email protected] [email protected] [email protected]
This, on the other hand, is gambling.
  • #585,940
  • Mar 24, 2021 7:50am Mar 24, 2021 7:50am
Quoting gatenio
{quote} im in the same hole. no matter what im doing it run 10 point ms against me, im flip and 10 again.. Im out of ideas
you can always test this with 3std BB.
Attached File(s)
File Type: ex4 Chaos Visual averages 1.43.ex4   158 KB | 325 downloads
If you don't know how to earn money, don't loose it.
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