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Cable Update (GBPUSD)

  • #630,921
  • Oct 14, 2021 6:25am Oct 14, 2021 6:25am
Retrace is done....new long opportunity @ .3723 SL .3700
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  • #630,922
  • Oct 14, 2021 6:34am Oct 14, 2021 6:34am
Quoting Pat Chiko
{quote} Lol.... (why rat? Not other animal)

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

P64 HOW WE DECIDE (italics added)

Copied from
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #630,923
  • Oct 14, 2021 6:39am Oct 14, 2021 6:39am
Quoting helioss
Retrace is done....new long opportunity @ .3723 SL .3700 {image}
retrace? I didnt see nothing
  • #630,924
  • Oct 14, 2021 6:40am Oct 14, 2021 6:40am
Quoting TooSlow
{quote} "Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few
Thanks for the info

That's 60% is what is trading is all about
With 30% on MM
And 10 % just technical

Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #630,925
  • Oct 14, 2021 6:42am Oct 14, 2021 6:42am
Quoting gatenio
{quote} retrace? I didnt see nothing
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  • #630,926
  • Oct 14, 2021 6:43am Oct 14, 2021 6:43am
Quoting TooSlow
{quote} "Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection....
Thank you for the story TooSlow!

if you want to get out of a maze ... just keep the right side of the walls ...try and see ...


the rat was drugged I joke

Happy trading and Green pips for everyone.

God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #630,927
  • Oct 14, 2021 6:44am Oct 14, 2021 6:44am
Quoting coyoteuglyxxx
I’m still on about this angle at 1.369x…. Usually areas around the 45 and 90 degree angle mark tops or bottoms in the market and 1.369x – 1.371x is very significant as a resistance IMO. So far the theory is failing to materialize because of Pat Chico and all his buying lol. It looks like a very strong bull move indeed. I’m risking a small scalp short aka revenge trade with a tight SL. {image} {image}
She has not moved a lot to the short side within nearly an hour. Out of the short scalp with a small profit, compensation for my earlier loss.
Did you place your stop loss order? Why not?!? Story of my life...
  • #630,928
  • Oct 14, 2021 6:45am Oct 14, 2021 6:45am
Quoting LvMMT
BTC long ...and DOW... God bless everyone! Edit: sorry folks don't pay attention to me
DOW +14K points

BTC still running...

Cable long...

God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #630,929
  • Oct 14, 2021 6:49am Oct 14, 2021 6:49am
Quoting genadi
{quote} you are the real braveheart
Lol

No i think im the one that full of fear. I add long coz it is the safest route to take. And the risk is very low

The true Braveheart is the seller.
They are brave enough to take the risk on prevailing up move
They are brave to swim against the current
They stand out in the crowd as going against the genaral belief

Therefore... Im the coward one.

Trade safe and trade well
Regards
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #630,930
  • Oct 14, 2021 6:52am Oct 14, 2021 6:52am
Quoting coyoteuglyxxx
{quote} She has not moved a lot to the short side within nearly an hour. Out of the short scalp with a small profit, compensation for my earlier loss.
You will get your money back plus more

Lets this guy give a final kick to liquid zone above

Then we can short her together

Trade safe Bro

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #630,931
  • Oct 14, 2021 6:52am Oct 14, 2021 6:52am
it is possible that 3734 was the end, let s see the US report a.o., 3750 can come too, now is no trade
  • #630,932
  • Oct 14, 2021 6:53am Oct 14, 2021 6:53am
Quoting Pat Chiko
{quote} Lol No i think im the one that full of fear. I add long coz it is the safest route to take. And the risk is very low The true Braveheart is the seller. They are brave enough to take the risk on prevailing up move They are brave to swim against the current They stand out in the crowd as going against the genaral belief Therefore... Im the coward one. Trade safe and trade well Regards PAT
I am a seller, Am I brave?
No, bcz I moved my SL to BE very quickly. Afraid one from crowd
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Ahmad Hassan
  • #630,933
  • Oct 14, 2021 6:54am Oct 14, 2021 6:54am
Quoting gatenio
{quote} retrace? I didnt see nothing
Ya

for me this is not my conditions I know when to step back and not trade

Trying to catch a reversal here is dangerous, I had a great week so why risk trying to fade the move here

I will wait for conditions that favour scalping until I can learn to anticipate these breakout moves. We do not need to trade every day, no trader is going to have a set of tools that work in 100pc of market conditions (except Pat Chiko it seems)
  • #630,934
  • Oct 14, 2021 6:55am Oct 14, 2021 6:55am
looking for sell all the way down...
Work Hard In Silence, Let Your Success Be Your Noise.
  • #630,935
  • Oct 14, 2021 6:56am Oct 14, 2021 6:56am
Quoting helioss
{quote} {image}
no
nothing.

impulse not finished or retrace didnt start
  • #630,936
  • Oct 14, 2021 6:56am Oct 14, 2021 6:56am
Quoting LvMMT
{quote} DOW +14K points BTC still running... Cable long... God bless everyone!
I'm brave too

I short the Gold ... and Close BTC...... DOW still running one ...

God bless you PAT and God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #630,937
  • Oct 14, 2021 6:58am Oct 14, 2021 6:58am
Quoting Pat Chiko
{quote} Lol No i think im the one that full of fear. I add long coz it is the safest route to take. And the risk is very low The true Braveheart is the seller. They are brave enough to take the risk on prevailing up move They are brave to swim against the current They stand out in the crowd as going against the genaral belief Therefore... Im the coward one. Trade safe and trade well Regards PAT
You are no coward, Pat. Taking any position whether it's long or short is what matters.

Thank you for calling me brave, I appreciate it as a seller. But bravery is nothing if it's not backed with any intelligence.

Let your knowledge and wisdom be the source of your bravery, and always have a plan B.

You are doing great, keep it up!
You have to have an IQ higher than 90 to interact with this user.
  • #630,938
  • Oct 14, 2021 7:10am Oct 14, 2021 7:10am
Quoting Pat Chiko
{quote} Add scalp {image} The chessboard is forex, the player on the other side is/are..., and what are the rules???!!!! You can't win chess by not knowing your opponents, their goals, and the rules of the game. Simple observation of how pieces move is not enough... You need solid theory behind pieces (such as indicators, leverages, etc). It took a while to figure it out but this is so true. You MUST determine your odds (expectancy) over a series of trades or bets. If you find a system with positive expectancy and enough opportunity, then you are...
What is the formula for determining the areas of interest ( yellow / aqua rectangles ) ?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #630,939
  • Oct 14, 2021 7:10am Oct 14, 2021 7:10am
Quoting mysterio
{quote} Ya for me this is not my conditions I know when to step back and not trade Trying to catch a reversal here is dangerous, I had a great week so why risk trying to fade the move here I will wait for conditions that favour scalping until I can learn to anticipate these breakout moves. We do not need to trade every day, no trader is going to have a set of tools that work in 100pc of market conditions (except Pat Chiko it seems)
1 year experience you said.. very nice improvement for 1 year.
Keep up, you are very intelligent guy.
  • #630,940
  • Oct 14, 2021 7:14am Oct 14, 2021 7:14am
Quoting Mr.Burger
{quote} don't call my Dad I do this job {image}{image} --- Crazy 3rd wave
Congrats. I wanted to point out your trade attachment is live and rolling.
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