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Cable Update (GBPUSD)

  • #666,081
  • Jun 28, 2022 10:50am Jun 28, 2022 10:50am
Quoting bilal1947
https://www.youtube.com/watch?v=hPORobp8BsQ&t=39s
Quoting mtako
{quote}{quote} Which part? Some good stuff in there in my opinion, thanks for sharing, but he is also talking about doubling account with one contract all the while talking about being consistent? Ouch, in time, reality will strike, in my experience, but hey, if you found the holy grail out there that can double your account with one contract consistently and year after year, who am I to say anything but a big congratulations on the exceptional work. I agree with some of video, for some strategies. Like the one about trading every day. Some strategies...
Quoting Wavegarrick
{quote} No Mtako. I think you are missing the point. He is saying, don't trade for the sake of trading and if you can double your account with small and acceptable leverage, you have achieved success. Most newbies try and double their account with high leverage in the shortest time possible. Biggest mistake and I agree. Do not trade for the sake of trading. Sit back and wait for the market to show its hand. This is not a trading method but discipline. Anyway don't have time for a debate as I am busy. Cheers.
I was just adding my friendly 2 cents regarding some of what is said in the video. Constructive exchanges. Not trying to engage in a debate or contradict anyone. As I said in previous post in other words, this trading world is multi-layered. Many successful traders trade many different ways. You missed my point and clearly some points in the video promoting doubling account with one contract(which is contradictory to many other things he mentioned, in my experience), but its okay, you are busy and I also find that the tip you mention has great worth, as I already said, and why I liked your post. Take care Leon!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #666,082
  • Jun 28, 2022 10:51am Jun 28, 2022 10:51am
Quoting mtako
{quote}{quote} Which part? Some good stuff in there in my opinion, thanks for sharing, but he is also talking about doubling account with one contract all the while talking about being consistent? Ouch, in time, reality will strike, in my experience, but hey, if you found the holy grail out there that can double your account with one contract consistently and year after year, who am I to say anything but a big congratulations on the exceptional work. I agree with some of video, for some strategies. Like the one about trading every day. Some strategies...
mtako, I stopped listening to this video when the guy said: " I don't trade this pair, is a mess"...my translation: Don't touch this pair because I don't know how to trade the mess, so you also don't know...
Here is the chart with 4 methods of trading on a 5-30-60M chart... Elliot waves, harmonic pattern, weekly/daily ranges, and S/D zones. In this "mess" we can find orders- trades, that can give us 30-60-120 pips. Unless it's not enough for someone then switch to a higher time frame like daily/weekly and shot for 200-400 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 06.28 1H.b.png Size: 61 KB
Click to Enlarge Name: GU 06.28 5M.png Size: 29 KB
Always trade your own plan...I don't provide trading signals.
  • #666,083
  • Jun 28, 2022 10:52am Jun 28, 2022 10:52am
Quoting Whale
{quote} Man… where are you finding this staff hhhhhhhhhaaaahhhhhhaaaaahhhhaaa
exactly for that great reaction of yours, cheers mate!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #666,084
  • Jun 28, 2022 10:57am Jun 28, 2022 10:57am
Quoting Coreg2004
{quote} mtako, I stopped listening to this video when the guy said: " I don't trade this pair, is a mess"...my translation: Don't touch this pair because I don't know how to trade the mess, so you also don't know... Here is the chart with 4 methods of trading on a 5-30-60M chart... Elliot waves, harmonic pattern, weekly/daily ranges, and S/D zones. In this "mess" we can find orders- trades, that can give us 30-60-120 pips. Unless it's not enough for someone then switch to a higher time frame like daily/weekly and shot for 200-400 pips. {image} {image}...
I find that you bring up some really good points! I had a harder time after he said that also, as I've traded "messes" like this many times in the past, but I always try to find some good in everything. Wow mate, your charts, just wow. Thanks a lot for sharing!!!!! downloaded ! I don't trade with those techniques, but I have my reading pile when I feel like discovering some more. This is definitely going in it.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #666,085
  • Jun 28, 2022 10:59am Jun 28, 2022 10:59am
Late night special, bought 2195!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #666,086
  • Jun 28, 2022 11:12am Jun 28, 2022 11:12am
Quoting mtako
{quote}{quote}{quote} I was just adding my friendly 2 cents regarding some of what is said in the video. Constructive exchanges. Not trying to engage in a debate or contradict anyone. As I said in previous post in other words, this trading world is multi-layered. Many successful traders trade many different ways. You missed my point and clearly some points in the video promoting doubling account with one contract(which is contradictory to many other things he mentioned, in my experience), but its okay, you are busy and I also find that the tip you...
We will never be the same traders with the same mindset and I appreciate that. If I missed the point of promoting, doubling an account I will have to check again. At any rate, doubling an account with acceptable leverage is a sign of going forward in your trading Journey.
No Offense.
Cheers
Leon
Trade to trade another day
  • #666,087
  • Jun 28, 2022 11:15am Jun 28, 2022 11:15am
https://imgur.com/9PnF3TI.png
  • #666,088
  • Jun 28, 2022 11:41am Jun 28, 2022 11:41am
Quoting Wavegarrick
{quote} We will never be the same traders with the same mindset and I appreciate that. If I missed the point of promoting, doubling an account I will have to check again. At any rate, doubling an account with acceptable leverage is a sign of going forward in your trading Journey. No Offense. Cheers Leon
Yes, I find it fascinating actually. Maybe Bilal can enlighten us about that "doubling account with 1 contract strategy"(at 4min10), as the video clearly shares some nice tips to try out on demo, but is also talking about a certain mindset and approach adapted to a specific way of trading/strategy al the while discrediting others. Who knows, maybe "one contract" actually means many contracts compounded carefully, gradually moving stops of each at strategic points, in a nice enough trend, or another neat approach that lets one risk very little for 100% and consistently, year after year...and with the lowest-leverage, as he says. And if so, I really would like to analyze such approach if all details are available. And I am not experienced in youtube lingo unfortunately so perhaps I added my 2 cents irresponsibly. Sorry Bilal if that happened. Just like that, as it is said in the video, no gambling, being consistent, with one contract to double account, for me with my modest trading, its a big step toward danger, on the long-run. But still, the video has some golden nuggets for me also, I just got to filter out yet stay open-minded. Maybe this video is taken way out of context also?... I heard that that happens a lot on youtube.

ok fellow traders, as ridiculous as it sounds, if daily doesnt close >2210 I can be the last to conclude that it might have stopped ranging, at least up to the 2H

P.S I especially like all the posts lately. In every one, except mine, some real good stuff. I wish I had access to all that when I was in my beginnings. Among many other things, it portrays how different successful traders can have very different views, techniques, skills, and use very different tools and therefore, it is completely normal to find contradictions but open-mindedness is also one of those skills and it helps see the value within the contradictions and learn from them. laughing at myself because I know I am the worse communicator and that the above probably made no sense.

Cheers all!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #666,089
  • Jun 28, 2022 11:46am Jun 28, 2022 11:46am
Quoting BeeTogether
So US data was poor so why on earth is the GU going down?
Look Quick Sentiment:

Attached Image (click to enlarge)
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This is for retailers to lose .
  • #666,090
  • Jun 28, 2022 11:50am Jun 28, 2022 11:50am
Quoting mtako
{quote} Yes, I find it fascinating actually. Maybe Bilal can enlighten us about that "doubling account with 1 contract strategy"(at 4min10), as the video clearly shares some nice tips to try out on demo, but is also talking about a certain mindset and approach adapted to a specific way of trading/strategy. Who knows, maybe "one contract" actually means many contracts compounded carefully, gradually moving stops of each at strategic points, in a nice enough trend, or another neat approach that lets one risk very little for 100% and consistently,...
Gud One Mtako........................
Same Sentiments.......
Closing All trades for the day. in profit, need to go to sleep, No need to be awake for some more.

There is ALWAYS A TOMORROW

Attached Image (click to enlarge)
Click to Enlarge Name: close 70.JPG Size: 265 KB
If have the Energy then Do visit my LIVE TRADES
https://www.forexfactory.com/thread/...5#post14047865

Trade Safe
  • #666,091
  • Jun 28, 2022 11:54am Jun 28, 2022 11:54am
Quoting Jollson
{quote} Gud One Mtako........................ Same Sentiments....... Closing All trades for the day. in profit, need to go to sleep, No need to be awake for some more. There is ALWAYS A TOMORROW {image}Do visit my LIVE TRADES https://www.forexfactory.com/thread/...5#post14047865 Trade Safe
My same Sentiments meant was for ur BEAR Pic which said SEE U TOMORROW

Trade Safe
  • #666,092
  • Jun 28, 2022 11:55am Jun 28, 2022 11:55am
Quoting Atilla-Son
{quote} Look Quick Sentiment: {image} This is for retailers to lose .
Now :

Attached Image (click to enlarge)
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  • #666,093
  • Jun 28, 2022 11:59am Jun 28, 2022 11:59am
Done for the Day

Attached Image (click to enlarge)
Click to Enlarge Name: account 7.JPG Size: 180 KB

Trade Safe
  • #666,094
  • Jun 28, 2022 12:10pm Jun 28, 2022 12:10pm
Quoting Jollson
Done for the Day {image} Trade Safe
Well done my friend, simply beautiful. Reminds me of the good old days with high leverage. I laugh because now I do not use 1/100 of what I use to use . Last time was with fxsolutions years ago. They did not want to give me my profit . The rush of making quick big returns intoxicated me. But alas, my strategy of the time could not adapt fast enough to the changes in the markets throughout the years, and I had to get back at the blackboard after paying off my debts and giving up mentally on the big prize, then fight really hard at developing complementing, dynamic strategies, and find out that even with all that work, on the long run, the reality was that I could not safely get such results, not even close. I am not that smart, but even us less smart blokes, we can, if we do the hard work, make it. To all of you who are doing these big returns month after month, year after year, to my eyes, I find that you are rare beautiful gems.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #666,095
  • Jun 28, 2022 12:17pm Jun 28, 2022 12:17pm
Quoting mtako
{quote}{quote}{quote} I was just adding my friendly 2 cents regarding some of what is said in the video. Constructive exchanges. Not trying to engage in a debate or contradict anyone. As I said in previous post in other words, this trading world is multi-layered. Many successful traders trade many different ways. You missed my point and clearly some points in the video promoting doubling account with one contract(which is contradictory to many other things he mentioned, in my experience), but its okay, you are busy and I also find that the tip you...

I listened to that video....and indeed mtako.... constructive exchanges for certain. I don't think he was promoting doubling account on 1 contract from what I was hearing..... he was saying trade 1 contract at a time and work towards doubling your account...rather than trading as many pairs as possible trying to get rich by the end of the week..... That is what I got out of what he was saying... I think he made some very good points as to trading responsibly rather than trading with the gambling mentality. Just my 2 cents... maybe I am wrong... I don't know. But this is what I was hearing him say.
  • #666,096
  • Jun 28, 2022 12:39pm Jun 28, 2022 12:39pm
Quoting PapaSmurf-fx
{quote} I listened to that video....and indeed mtako.... constructive exchanges for certain. I don't think he was promoting doubling account on 1 contract from what I was hearing..... he was saying trade 1 contract at a time and work towards doubling your account...rather than trading as many pairs as possible trying to get rich by the end of the week..... That is what I got out of what he was saying... I think he made some very good points as to trading responsibly rather than trading with the gambling mentality. Just my 2 cents... maybe I am wrong......
Thank you for your input on this. I guess it's one of those situations where one message overshadows another. I gladly give him the benefit of the doubt now, as I have seen on youtube that that particular "school of thought", if I may, has many many many videos, so its most probably taken out of context. But alone,he puts it so clearly : "I promote one contract work on trying to double your account. How long does it take? I don't know. But that should be your goal. Work with the lowest leverage, and try to double your account. If you dont have the patience to do that, you are a gambler"

Many dont trade like that, and are not gamblers also. So many messages in there that are clearly lacking in explanation. So maybe no constructive discussion is really possible afterall about it, but we have still managed to share valuable views I believe, out of that scope. Clearly, some context is missing. I trade with one of the lowest leverage and could not with one contract double my account, not even close...

But as you say, some good points, but in my opinion, some misleading messages also, in APPEARANCE. I invite whomever wants to dig deeper and make this out-of-context video in context by watching the other ones. I am sure there is more to learn even from someone who is very sure of himself(nothing wrong with that!) about what should be done, what works and what definitely doesnt work, as his wording implies. Personally, I have read much better and clearer tips for trading right here. Kudos to all of you!

Nice talking to you Papa !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #666,097
  • Jun 28, 2022 1:01pm Jun 28, 2022 1:01pm
Like I keep saying, the dump, yes that dump is coming. I can feel it in the daily chart. Daily chart below for your perusal!
Attached Image (click to enlarge)
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  • #666,098
  • Jun 28, 2022 1:05pm Jun 28, 2022 1:05pm
GU is looking for liquidity

July 1.27-1.28

my target

Trade your chart
MY OPINION NOT FINANCIAL ADVISE
  • #666,099
  • Jun 28, 2022 1:09pm Jun 28, 2022 1:09pm
AUDJPY SHORT
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #666,100
  • Jun 28, 2022 2:38pm Jun 28, 2022 2:38pm
Quoting trumps
Monthly reacting to a decent support zone. Weekly pattern in play. Daily is showing the Bulls are mounting a fight, with a hunchback Schnauzer pattern {image} {image} {image} {image}
However,
A quick look left this morning on the weekly, and I don't think the bears are finished yet.
New lows to come I think.
I don't look at charts anywhere near as much as I used to due to work, maybe 1-2 a week, but it helps.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 6 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 7 KB
Compulsions can be hard to resist
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