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Cable Update (GBPUSD)

  • #636,781
  • Nov 7, 2021 6:53am Nov 7, 2021 6:53am
Quoting genadi
{quote}
in EW terms DXY should pullback a little bit then upto 95 in wave 3, then a slight drop in 4 and 96 area for wave 5 maybe a little higher but that will be then end for DXY. Expect a huge drop after that
  • #636,782
  • Nov 7, 2021 6:56am Nov 7, 2021 6:56am
Quoting Nordling00
{quote} Ahahaha thank you! Well you guys are not old wish i could be at your age instead of being a 21 y.o who tries to earn his financial freedom
you will get there, just keep at it. Never give up. I lost 120k gbp in my first 4yrs trying to figure this shit out. If you need any help let me know and I'll get you in my telegram group. Don't worry I'm not a scammer, but then I suppose every scammer would say that Doh lol
I also have 10 or 12 educational rooms, no chatting its just stuff I've saved over the years for guys needing it
Dm me if you need help
  • #636,783
  • Nov 7, 2021 6:57am Nov 7, 2021 6:57am
Quoting Nordling00
{quote} Ahahaha thank you! Well you guys are not old wish i could be at your age instead of being a 21 y.o who tries to earn his financial freedom
although I would also be 21 years old, but with such a brain as it is now.
LOL.
  • #636,784
  • Nov 7, 2021 7:05am Nov 7, 2021 7:05am
Quoting duve
{quote} Here's a link to my channel. But I like to share with everyone here. https://youtu.be/ENgk9_Xe1Ow
Thanks pal
  • #636,785
  • Nov 7, 2021 7:06am Nov 7, 2021 7:06am
I became a full time trader in 2019.but before that it took me good 3/5 years to get out the mentality of worrying about losing. Losses will happen.

If you are afraid to lose you won't make it and will quit.

Also one of the most important tips I would give somone out there:

Listen to the experienced guys, don't think you are the exception. We all go through this journey and it's the ones who love it enough to stick at it. Who can make it through the barrier.

It amazes me how many times people talk about Money management, not chasing losses, sticking to your trading plan, risk ratio and lot/capital ratio....But yet how many people seem to fail to adhere to these and I bet its always one of these elements that causes the losses.

I was very quiet usually on this thread as I don't think I've earned the right to post compared to some of the vets. But I realised if I don't show my analysis how can I get feedback from my fellow peers if what I'm doing makes senses to others and more importantly they can learn from it.
  • #636,786
  • Nov 7, 2021 7:08am Nov 7, 2021 7:08am
Nordling don’t wish your time away. Our most precious commodity is time. When your young you want to be old and when your old you want to be young. You seem to have a very mature outlook for a 21 year old.
  • #636,787
  • Nov 7, 2021 7:20am Nov 7, 2021 7:20am
Quoting Ansab001
I became a full time trader in 2019.but before that it took me good 3/5 years to get out the mentality of worrying about losing. Losses will happen. If you are afraid to lose you won't make it and will quit. Also one of the most important tips I would give somone out there: Listen to the experienced guys, don't think you are the exception. We all go through this journey and it's the ones who love it enough to stick at it. Who can make it through the barrier. It amazes me how many times people talk about Money management, not chasing losses, sticking...
Brilliant post , well said
  • #636,788
  • Nov 7, 2021 7:22am Nov 7, 2021 7:22am
Quoting T721
{quote}you will get there, just keep at it. Never give up. I lost 120k gbp in my first 4yrs trying to figure this shit out. If you need any help let me know and I'll get you in my telegram group. Don't worry I'm not a scammer, but then I suppose every scammer would say that Doh lol I also have 10 or 12 educational rooms, no chatting its just stuff I've saved over the years for guys needing it Dm me if you need help
I definitely would like to take a look!
You have to have an IQ higher than 90 to interact with this user.
  • #636,789
  • Nov 7, 2021 7:25am Nov 7, 2021 7:25am
Quoting aeternum
{quote} Hmm well I won't call that a pin bar. More of a shooting star if anything but then I don't trade DXY... I'm still bullish on GU and GJ here based on how low it shot down. But correction or impulsive move remains to be seen.

bearish shooting star and bullish hammer = pin bar
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #636,790
  • Nov 7, 2021 7:26am Nov 7, 2021 7:26am
Quoting Pat Chiko
{quote} That's for trading time only using Coin Toss Strategy ( I heard someone in this thread are using Coin Flip - no names dropping) I can share few tip and ideas how to improve using the strategy more effective. It goes like this. The coin flip indicator is great! I did find however, that a silver coin works best in trends, while copper works best in ranges. I also found it is much more effective if you can use a coin in the currency you are trading. I have a nice copper half-penny that I use for GBP/USD ranges. The rest of...
Surely that system is doomed for failure only being right on average 50% of the time
  • #636,791
  • Nov 7, 2021 7:35am Nov 7, 2021 7:35am
Quoting Waveskierrob
{quote} Surely that system is doomed for failure only being right on average 50% of the time
You can make a bag full money at 50% right

So 50 trades with a 50pip stop = minus 2500

50 trades with 70 tp = plus 3500 = net 1000pips
50 trades with 100pip to = plus 5000 = net 2500pips
  • #636,792
  • Nov 7, 2021 7:35am Nov 7, 2021 7:35am
Quoting Nordling00
{quote} Health is the most important thing and money is the second most important. These two are musts. Other problems can be solved easily if you are healthy and rich anyways

Id say Health, happiness then money personally
  • #636,793
  • Nov 7, 2021 7:36am Nov 7, 2021 7:36am
Quoting Houtbay
Nordling don’t wish your time away. Our most precious commodity is time. When your young you want to be old and when your old you want to be young. You seem to have a very mature outlook for a 21 year old.
You are right and thank you Houtbay! I am just trying to suck every info when i still have plenty of spare time. Working life is busy, long and tiring so before graduating and getting a full time job my goal is to make the best of this spare time that i have as a student.

I have high expectations and ambitions and if i can't make a good progress during these last years of my student life i will be very disappointed. When i wake up I keep telling myself everyday that i should be at least one step ahead from where i was yesterday. I am currently studying 2 majors, working at a restaurant and a butcher shop in holidays and also trading. It's never enough. My calendar exhausts me but i better die trying instead of giving up.
You have to have an IQ higher than 90 to interact with this user.
  • #636,794
  • Nov 7, 2021 7:40am Nov 7, 2021 7:40am
Quoting T721
{quote} You can make a bag full money at 50% right So 50 trades with a 50pip stop = minus 2500 50 trades with 70 tp = plus 3500 = net 1000pips 50 trades with 100pip to = plus 5000 = net 2500pips
it will only be 50 % win rate if the sl and tp are the same
  • #636,795
  • Nov 7, 2021 7:40am Nov 7, 2021 7:40am
Quoting Waveskierrob
{quote} Surely that system is doomed for failure only being right on average 50% of the time
You're definitely right on that point.

We cannot move the market, but just because some are aware enough to have put lots of work into trading any particular way to be able to follow some moves and make something from that how does that make them any less worthy of some profit than anyone else?

Not all trades are winners unless you are the exception, a lot of trading is/was done by ‘who you know’ rather than what you know, fundamental and technical traders do the same thing ‘make a best guess’ at direction, that is it, that is all anyone can do, the rest is down to money management and experience.

That's why , I just love scalping and being a parasite. just takes and gives nothing back. ( but sometimes got to surrender some back ...lol)


Regards
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #636,796
  • Nov 7, 2021 7:40am Nov 7, 2021 7:40am
Quoting Yngwie
buying area 3400/20
Boom
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #636,797
  • Nov 7, 2021 7:41am Nov 7, 2021 7:41am
Quoting T721
{quote} You can make a bag full money at 50% right So 50 trades with a 50pip stop = minus 2500 50 trades with 70 tp = plus 3500 = net 1000pips 50 trades with 100pip to = plus 5000 = net 2500pips
I think since they don't know how 50-50% is distributed per trade. therefore good money management is almost impossible.
  • #636,798
  • Nov 7, 2021 7:43am Nov 7, 2021 7:43am
Quoting nAVIN2007
{quote} Id say Health, happiness then money personally
Health is definitely the most important thing. Happiness though is a hard thing to achieve really. I don't know if i would ever be happy even if i achieve the things that i want. I can just feel "content" i think.
You have to have an IQ higher than 90 to interact with this user.
  • #636,799
  • Nov 7, 2021 7:44am Nov 7, 2021 7:44am
Quoting nAVIN2007
{quote} Id say Health, happiness then money personally
Hi Navin,

I just wonder how true is this poster.

Next week , I'm taking my 3rd jab (booster). Maybe in six months another super booster and on , on.

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #636,800
  • Nov 7, 2021 7:51am Nov 7, 2021 7:51am
Hi Guys, its Sunday afternoon in South Africa and I'm looking at the following charts for a nice trade tomorrow:
GJ,GC,GU,UJ,EJ,UCH,UCA,EG,EU,AU,NU

The Asian session will most probably starts with a bang after a hectic first week for November. The pair that caught my eye apart from my real favorite GJ is AU, it made a bold move to the upside late Friday after touching a 50 Fib on H4 for Sep 29 (low) Oct 28 (high). A further plus in its favor is the completion of a 5 wave down which constitutes the pullback from the high of Oct 28.

My break line is set at .7408 BUT only if it managed to do it in a 7 bar H1 formation below the line. Let's see.
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