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Cable Update (GBPUSD)

  • #621,361
  • Sep 3, 2021 11:46pm Sep 3, 2021 11:46pm
Quoting Jolita
{quote} My secret is by following pair moves. I don't draw, I visualise, contantly comparing all time frames, candles etc. By the time you finish drawing, market moves up or down, you need to adjust all over again. Have you seen Apple new design tech glasses? Will be out for release v. soon. This will be the future trading (love tech) This is what we need! {image}
Nice ...........
  • #621,362
  • Sep 3, 2021 11:57pm Sep 3, 2021 11:57pm
Quoting Jolita
My week was amazing too. Not quite as planned, but I had some good achievement. Profits made in 6 days - 90% My trades 100% winning. My findings: It"s possible Bigger capital = bigger profits Faster profits = bigger lots{image}
Amazing result, I can only achieve 78% so far, max is 85%. Most important is money management. Although i don't trade much on cable, and post chart here, but I learn from here for trading Gold. Most important is money management. I know of traders can have only 60% winning rate, but he is having huge profit on the 60%, and loos less for the 40%. end up still having great profit.

for one point you got it right, bigger capital, bigger profits, and faster profit with bigger lots.... When i started, so called guru taught to start with 1k, or 3k, and grow, but for newbie, will get wiped out fast, as dont see profit, or small profit, and when time goes by, will get tiring, as well as exhausted, and feel like busy for nothing. Only later stage, I start with big lot, and then grow fast, i can double my capital within 2 weeks, compare to before, will get wiped out in 2 weeks.... hahaha ..

cheers.
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  • #621,363
  • Sep 4, 2021 12:05am Sep 4, 2021 12:05am
Quoting Pat Chiko
{quote} GU SL 24,5 pips. Price to retest the Break out zone later ?. (1.38000) {image}
hello Pat.... you always amaze me with your trade.....
hope one day can visit your office, and learn from you. BTW, read through some posts before this, "ping pong" with some guy... hahahah, I'd rather concentrating on my trade, make more money, to support our life, and make extra to help others.

have a nice weekend. cheers.
  • #621,364
  • Sep 4, 2021 12:09am Sep 4, 2021 12:09am
Quoting Pat Chiko
{quote} GU Today, I almost blew my account. Went to sleep, ALGO taking over and move my SL to next S&R Level. {image} . . . . BUT, plan decided to recover the losses - Never surrender. Plan B {image}Not going to carry over the weekends.
Hahahaha...you sure have a sense of humour...I thought the account was really going to blow until I saw your equity . Stop scaring us man...traders like you don't blow!

Anyway, I love your trading style and scalping technique...I had a rough week, considering your plan B chart, I was anticipating a reversal but I really didn't know when to short so I don't add to the already losing trades.

Hope next week bring good tidings. Enjoy your weekend
  • #621,365
  • Sep 4, 2021 12:12am Sep 4, 2021 12:12am
Quoting hasib
{quote} In recent time I am wrong more than I am right in GU. I am expecting Gu will probably move up in Monday. {image}
Well, that makes us too. But we don't give up. The beauty of it all is, we keep learning everyday!
  • #621,366
  • Sep 4, 2021 12:17am Sep 4, 2021 12:17am
Quoting navk
{quote} 3814 will be the lows for the days to come. 3800 is breakout level, so unlikely to me. From next week, only bulls.


90% of my yrs trading round numbers i have seen market retest it with exact 00 or 05 above or below it..
here is what to expect from GU in weeks or month to come 3910 is a crucial level break above it mean so much the market need to dip to 3700 for correction
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MY OPINION NOT FINANCIAL ADVISE
  • #621,367
  • Sep 4, 2021 12:30am Sep 4, 2021 12:30am
Quoting navk
{quote} 3814 will be the lows for the days to come. 3800 is breakout level, so unlikely to me. From next week, only bulls.


when price broke 3700 what happened?

if you check your chart u will see 80-90% of 00 price get tested when they broke or even rejected..
they are very important
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MY OPINION NOT FINANCIAL ADVISE
  • #621,368
  • Sep 4, 2021 12:37am Sep 4, 2021 12:37am
Quoting hasib
{quote} In recent time I am wrong more than I am right in GU. I am expecting Gu will probably move up in Monday. {image}

monday or tuesday or wednesday i am 80% 3800 will come before 3950

dxy confirmed it we need more drop after a little rise that should help u to drop 50pips
MY OPINION NOT FINANCIAL ADVISE
  • #621,369
  • Sep 4, 2021 1:04am Sep 4, 2021 1:04am
Quoting donfriday
{quote} when price broke 3700 what happened? if you check your chart u will see 80-90% of 00 price get tested when they broke or even rejected.. they are very important {image}
in the days to come, 1.3800 / 3820 to 1.4000.

Stop 50 pips. ( 3750 )
Intraday only.
  • #621,370
  • Sep 4, 2021 1:10am Sep 4, 2021 1:10am
Quoting Thepiplady
{image} Very tempted to close this weeks buys, its reached the 161 of the NFP news fib here, although all my indicators are still saying long… and I feel I am married to some of these trades now potentially it could come down just 20 pips or so to complete the news fib back to 0 which I dont mind so much, but DAY 4 HOUR and 1 HOUR all telling me to stay in, and I continually tell myself to trust my indicators…. BTW the screen shot isnt my trading strategy its one I look to to see price action without...
Morning I have that same thoughts my emas I use are saying tray long .. but we are at weekly resistance area and we all know emas lag . I am in a short trade one of three now I hold .posted for those who are turkeying .!lol their trades .. I posted the prediction of a bear candle before it was formed and showed my entry numbers before they came about .. but that was all traded against my fore front trading mind telling me as you to stay long .. it could come back and go long .. but I trade by my rule of entry and it works .. yes you do get losers but when you get in on the right trade it wipes out the losers .. so let’s see what happens next week GL Regards E
  • #621,371
  • Sep 4, 2021 1:17am Sep 4, 2021 1:17am
Quoting gatenio
{quote} 1.27 fib expansion brother {image}
Morning good number that but 2450 is still on my mind as posted in charts some weeks ago. Price was just looking for the resistance to send it there . Maybe ????!!!! It’s found that yesterday.. but as ever playing as we see in . Regards E
  • #621,372
  • Sep 4, 2021 1:53am Sep 4, 2021 1:53am
Quoting elbert3
{quote} Morning good number that but 2450 is still on my mind as posted in charts some weeks ago. Price was just looking for the resistance to send it there . Maybe ????!!!! It’s found that yesterday.. but as ever playing as we see in . Regards E
not that good in long term view.
actually im not good with prediction at all, and i think this is madness to try.
You know how it goes. 2 sides 50% right or 50% wrong.

price could drop 300 pips in three days and most of the traders talk about 1.2X, vise versa if its up so they talk about 1.45/7.

both will happen, the timing is what im looking for.
For example, pat chiko doing that.
small movement, large money. The big question is, how and when do you almost sure you are on the right track? This what im trying to achieve in my trading skills.
  • #621,373
  • Sep 4, 2021 3:11am Sep 4, 2021 3:11am
Quoting kenny4real
{quote} Hahahaha...you sure have a sense of humour...I thought the account was really going to blow until I saw your equity . Stop scaring us man...traders like you don't blow! Anyway, I love your trading style and scalping technique...I had a rough week, considering your plan B chart, I was anticipating a reversal but I really didn't know when to short so I don't add to the already losing trades. Hope next week bring good tidings. Enjoy your weekend
Hi Kenny,

I really like your Bow..... nice to attract girls......


First off - don't get freaked out!
Confidence is the biggest requirement for any trading system or style.
Without it, you will fail regardless of how good your system is or isn't.

What moves the market may change over time; and the dominant driving currencies may change over time; but the underlying mechanics of the market will never change regardless of all else.

If you are a intra-day or swinger, your style or system may need to adjust to a changing market based on world events or sentiments - but I would never be as arrogant to tell someone that they must scrap their entire system and start over.

Adjust your system as the market adjusts, and you should never have to "invent" a new system.
Trade smart- watch for trend re-directions.
Markets can become biased quickly.
Trust your indicators (if you use one) and don't try to out guess them which is a huge temptation for seasoned traders that feel they know the market or currency pair well enough.

If you are a scalper - well, what goes up must come down and vice-versa! (even if it's only 20 pips!)

Lastly, you are the best judge of your trading system/style.
No one else can determine what will or won't work best for you as a trader.
It's best to develop a "confidence system" - which is a little "self check" of your confidence level of the position you are about to enter.
Low confidence - trade light and use tighter stops - High confidence - heavier entry - wider stops.

Over time traders know(whether they recognize it or not) when a position is golden or may turn on them.
It's like driving down a dark and icey road - experienced drivers slow because they recognize the unapparent risk - new drivers still barrel on down the road because they lack the experience and intuition of self preservation to slow down and be careful - "just in case".


Believe in your self - believe in your system - there is no reason you can't succeed regardless of what others may say.

All the best Kenny and remember trading is fun, enjoy it coz it is a brain workout, making you think and to control your psychology and emotion/

Warm Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #621,374
  • Sep 4, 2021 3:18am Sep 4, 2021 3:18am
Quoting gatenio
{quote} not that good in long term view. actually im not good with prediction at all, and i think this is madness to try. You know how it goes. 2 sides 50% right or 50% wrong. price could drop 300 pips in three days and most of the traders talk about 1.2X, vise versa if its up so they talk about 1.45/7. both will happen, the timing is what im looking for. For example, pat chiko doing that. small movement, large money. The big question is, how and when do you almost sure you are on the right track? This what im trying to...
Hi Gatenio,

Yes, you're very right on timing issue in any trading system/method.
Man this is such a deep issue that its hard to even articulate.
I am a believer that systems have a "window of opportunity".
Understanding when that window shuts is such a hard thing to do, both statistically and emotionally.
Only the most advanced, most experienced traders will know when the window has shut (or opened).

I also think there is a relationship between the robustness of the system, the time period the window is open, and the profitability of the system. for instance...;

> the most robust system will keep the window open for the longest period of time, but the profits will be smaller.
> the least robust system will have a short window of large profits.

But you have to be a master at understanding when the window is open or closed.
As with everything in trading (and life), its all about the balance.

Warm Regards & Enjoy your weekends.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #621,375
  • Sep 4, 2021 3:44am Sep 4, 2021 3:44am
Quoting AlfieSolomon
Feeling sorry for Maheeeeeeeeeeee
Hi Alfie Solomon.

Lesson to be learned is, don't get gambly or over confident, don't keep letting positions move against U, kill them, walk away and re think it. Discretional trading is the enemy of the newbies.

When it comes down to it, trading is really only a game of probabilities--nothing is for sure in trading.
You do NOT know what will happen next.
Let me repeat that, and see if it harmonizes with your own beliefs.

No matter how confident you are in yourself, in a setup, or an entry, the market does NOT care what you think, and you can be wrong at any time.
However, just as card games are based on probability, good players can still win, because they find an edge and exploit that.

Expectancy tells us the probability, given our past history, of how much we can expect to win or lose on any given trade.
It tells us how well we can expect a system to perform; note, this is NOT how much money we can make; it is simply how well the system works.
Expectancy is the average return per trade as a multiple of the initial risk on the trade.

Must be licking his wounds after this week event.

Have a nice weekends Bro.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #621,376
  • Edited 6:03am Sep 4, 2021 5:53am | Edited 6:03am
Quoting navk
{quote} Those who traded other's s money will know what I am posting. Whether own money or other's money, I guess what we speak here is about analysis and misleading posts

but u gotta realise bro.. you're basically a fund manager. And what everyone else on here is, is just a speculator. We just have different views..I mean look at me, I posted a chart and the mofo went up but I thought it was going to fall..if any1 tells me why I post? and it went up (misleading post!!)

Id just stop posting and think, why are they blaming me! It is not like I am Nostradamus..lol
U cannot blame people for which button you press.

But I get it...Tony a few weeks back posted cable going higher and I was kinda conflicted because I respect his analysis so much, but id never ever think, what was posted was misleading. The market has a nature of being able to go either way and whichever way it goes it's technically right..have u noticed this?

This thread, has some amazing traders..it blow my mind as to how good some are
  • #621,377
  • Sep 4, 2021 6:22am Sep 4, 2021 6:22am
Quoting donfriday
expecting a drop to 3800 then rise back up to 3950 drop back to 3700 then rise up to 4200 {image}
We have similar thought. U can check my sketch
  • #621,378
  • Sep 4, 2021 6:33am Sep 4, 2021 6:33am
Quoting Pat Chiko
{quote} Hi Kenny, I really like your Bow..... nice to attract girls...... First off - don't get freaked out! Confidence is the biggest requirement for any trading system or style. Without it, you will fail regardless of how good your system is or isn't. What moves the market may change over time; and the dominant driving currencies may change over time; but the underlying mechanics of the market will never change regardless of all else. If you are a intra-day or swinger, your style or system may need to adjust to a changing market based on...

Hi Pat Chiko
I enjoy reading your post, Interesting and informative.
As far as I understand you trade, Supply demand, Market structure and Fundamentals.
I have question do you use Pivot, I have read few Pivot Backtest results, where Author said Most of the pivot has similar kind of results. Most of the Bookish Pivot method don't work that good in the market. Authors right the articles with backtest results.
MA provides the market's current direction and strength.
  • #621,379
  • Sep 4, 2021 6:34am Sep 4, 2021 6:34am
Quoting Pat Chiko
{quote} Hi Bro. Whipsaw to 1.42000 ?
Hey Pat,
You know I have been mentioning 1.42 since but the shake off downwards to 1.36 area messed with me. However, with the PA i see now, that possibility is back again hopefully. Let's see if it hits this time as i expected and still expecting 1.42 area for a possible triple top to flow downward to 1.33 area. Might be right or wrong. Who knows.
What say you?
  • #621,380
  • Sep 4, 2021 6:38am Sep 4, 2021 6:38am
I think most of the traders here are doing forex on Demo Account
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