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Cable Update (GBPUSD)

  • #675,041
  • Aug 11, 2022 11:30am Aug 11, 2022 11:30am
Quoting Wavegarrick
{quote} IMHO, you do not have to be gifted with an IQ of 129 and over to be a successful trader. I think I line up in the average intelligence region. Geniuses and smart traders tend to overthink. Rules, patience, discipline, emotions and a steady head are great attributes. Cheers.
Leon, I read on the internet some time ago that Goethe had a 165 IQ and bought for his son's 3rd birthday a miniature guillotine... ...no, I don't know if it's true. It had never crossed my mind to do so, but I don't have his IQ.
Always trade your own plan...I don't provide trading signals.
  • #675,042
  • Aug 11, 2022 11:34am Aug 11, 2022 11:34am
Also took the IQ test. Here is my score. Should I be happy? Hehe... @Jolita you started it.
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  • #675,043
  • Aug 11, 2022 11:35am Aug 11, 2022 11:35am
speaking about GU...
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Always trade your own plan...I don't provide trading signals.
  • #675,044
  • Aug 11, 2022 11:37am Aug 11, 2022 11:37am
Quoting Coreg2004
{quote} Reverso, an IQ of 137 gives you a Mensa membership and you would be among 2% of the smartest people on earth. if you asked me, I would say it's not bad a companionship.
I was so miserable doing the IQ test in the Mensa website itself, towards the end the questions seems impossible to my small brain, just shy of 115.
The result of 137 I get in another website, the questions were reasonably simple, anyone who visits here I think they are capable of doing it.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #675,045
  • Aug 11, 2022 11:43am Aug 11, 2022 11:43am
Quoting Wavegarrick
{quote} IMHO, you do not have to be gifted with an IQ of 129 and over to be a successful trader. I think I line up in the average intelligence region. Geniuses and smart traders tend to overthink. Rules, patience, discipline, emotions and a steady head are great attributes. Cheers.
Hit the mark
Human always have fear and greed
Geniuses = technical
Smart = fundamental
Both is Intelectual and Emotional Quotations at balanced value
Thats is what traders need.

Had a friend who almost always win using $5 account
Then we try to give him a $100, it was a total loss
Ps:
In my country geniouses tend to become salaryman
While the "fool" tend to be a manager
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #675,046
  • Aug 11, 2022 11:43am Aug 11, 2022 11:43am
Quoting Coreg2004
speaking about GU... {image}
Where your 3rd started
  • #675,047
  • Aug 11, 2022 11:43am Aug 11, 2022 11:43am
A whole geniuses here wowIm not doing it, I dont want going to the rest od the week sad
People don't plan to lose. They lose because they don't plan.
  • #675,048
  • Aug 11, 2022 11:45am Aug 11, 2022 11:45am
Quoting Reverso
{quote} I was so miserable doing the IQ test in the Mensa website itself, towards the end the questions seems impossible to my small brain, just shy of 115. The result of 137 I get in another website, the questions were reasonably simple, anyone who visits here I think they are capable of doing it. {image}
Reverso, very nice. You shouldn't be shy about it.
Always trade your own plan...I don't provide trading signals.
  • #675,049
  • Aug 11, 2022 11:45am Aug 11, 2022 11:45am
Quoting ScalaFX
A whole geniuses here wowIm not doing it, I dont want going to the rest od the week sad
Lol...
  • #675,050
  • Edited 11:59am Aug 11, 2022 11:48am | Edited 11:59am
Quoting Moty
{quote} here {image} {image}
Hmmm, I guess we will see, I chose to stick to my rule, ride to TP or SL, only one of us will be right.

EDIT: Back to profit zone and seemed stabilized here, hope this time there will be enough fuel to reach my TP, it's not even a 40 pips TP, come on bogdanoff, let me get the TP.

Reasoning:
The 2 green candles after that 1 big red candle that almost touched my SL, actually qualifies as a valid entry if I haven't have an ongoing trade already.
It's a good looking price structure, bounced off Daily lower level and also the Daily pivot, and it's the 2nd time today the price has did that, indicating the Daily pivot is a valid good support. Of course here's the disclaimer, anything can go wrong. I am only trading what I see and try not to overthink the endless possible outcome, if hit SL, so be it.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #675,051
  • Aug 11, 2022 11:49am Aug 11, 2022 11:49am
Quoting GODofMC
{quote} Hit the mark Human always have fear and greed Geniuses = technical Smart = fundamental Both is Intelectual and Emotional Quotations at balanced value Thats is what traders need. Had a friend who almost always win using $5 account Then we try to give him a $100, it was a total loss

My king, it's a psychology impedement per say.

If he can grow a $5 account then, IMO, he's a skillfull trader with a good money management prowess, any joe can grow a $10k account.

His emotions got the better of him.

Kind regards,

RD.
  • #675,052
  • Aug 11, 2022 11:51am Aug 11, 2022 11:51am
Quoting Reverso
{quote} Hmmm, I guess we will see, I chose to stick to my rule, ride to TP or SL, only one of us will be right.

Price is currently at premium, meaning you shouldn't be buying. Didn't Bogdanof tell you that?

Kind regards,

RD
  • #675,053
  • Aug 11, 2022 11:53am Aug 11, 2022 11:53am
Quoting thatRichDude
{quote} My king, it's a psychology impedement per say. If he can grow a $5 account then, IMO, he's a skillfull trader with a good money management prowess, any joe can grow a $10k account. His emotions got the better of him. Kind regards, RD.
I got an idea, let him manage the $5 account, then you as the friend copy trade his trades using big account, don't let him know so that there will be no pressure on him, after you get enough profit for yourself to retire, then start saving the profit for him, once reached a significant sum then surprise him by telling him the truth and give him the money he deserved, but by doing so, he will lose the ability to trade because now he knows you will copy trade him, and he will be stressed.

Am I a genius to come up with this plan? I think GODofMC has found himself a Holy Grail, just copy trade his friend.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #675,054
  • Aug 11, 2022 11:53am Aug 11, 2022 11:53am
I guess cant read this chart anymore. will sleep, midnight here
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #675,055
  • Aug 11, 2022 11:53am Aug 11, 2022 11:53am
Quoting Whale
{quote} Where your 3rd started
Whale, yesterday at B(c) point on my chart I just posted. First I go with ABC, and if a C point is taken out I change the marking to 12345.
Always trade your own plan...I don't provide trading signals.
  • #675,056
  • Aug 11, 2022 11:54am Aug 11, 2022 11:54am
Quoting ScalaFX
A whole geniuses here wowIm not doing it, I dont want going to the rest od the week sad

Don't be fooled, a majority take more than one trial until they average out. It's the first trail that counts not the multiple trials to seem smart.

Kind regards,

RD
  • #675,057
  • Aug 11, 2022 11:54am Aug 11, 2022 11:54am
Quoting thatRichDude
{quote} Price is currently at premium, meaning you shouldn't be buying. Didn't Bogdanof tell you that? Kind regards, RD
Bog didn't tell me that, can you tell me why you think the price is at a premium now? What tells you that?
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #675,058
  • Aug 11, 2022 11:55am Aug 11, 2022 11:55am
Quoting Coreg2004
{quote} Whale, yesterday at B(c) point on my chart I just posted. First I go with ABC, and if a C point is taken out I change the marking to 12345.
Thanks
  • #675,059
  • Aug 11, 2022 11:57am Aug 11, 2022 11:57am
Quoting thatRichDude
{quote} Don't be fooled, a majority take more than one trial until they average out. It's the first trail that counts not the multiple trials to seem smart. Kind regards, RD
I took it only once. Moreover, I think each time the questions should change, as they should have a large pool of questions.
  • #675,060
  • Aug 11, 2022 11:57am Aug 11, 2022 11:57am
Quoting Reverso
{quote} Bog didn't tell me that, can you tell me why you think the price is at a premium now? What tells you that?

It's simple. Your trading range is more important than what most think, every range has 3 focal points, premium, equilibrum, and discount. Currently, GU is at premium, so for it to buy, it will at least get to equilibrum or discount.

I guess this is subjective.

Kind regards,

RD
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