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Cable Update (GBPUSD)

  • #676,981
  • Aug 19, 2022 6:25am Aug 19, 2022 6:25am
Wait for Monday. Cannot believe a Conservative Govt would trash the British economy in this fashion. Especially Boris with his Marxist Green Fantasy. May get a bounce off 1.8
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  • #676,982
  • Aug 19, 2022 6:25am Aug 19, 2022 6:25am
Quoting Reverso
This month Aug from height of 17.58% dropped to 7.98%, it is shameful to look at. I still have 8 trading days this month to redeem myself to a more acceptable return rate. With that said, I am glad I am still positive. {image}
Dont beat yourself up mate.. I am used to big drops in profits. It works out just be a bit careful and don’t revenge trade
Insane in the Brain..
  • #676,983
  • Aug 19, 2022 6:27am Aug 19, 2022 6:27am
Quoting Houtbay
IQ or work. IQ helps us to grasp things quicker, however those with high IQs tend to give up quickly
Without EQ, having high IQ won't take you you anywhere far. Some people have high IQ can set-up best trading plan on his chars with good logic. But due to their poor Emotional Management, their best trading plan can become bad trading plan once they lets fear, greed or frustration controlling them and finally, BOOM!!! Their accounts are blowing.
With courage, patience, and discipline, success is a matter of time.
  • #676,984
  • Aug 19, 2022 6:28am Aug 19, 2022 6:28am
Quoting Reverso
{quote} I guess one good thing about just following rule based system is that I remove a lot of subjective thinking, market extremes or whatever that's happening, to be honest I did not know about it, people might be thinking I was mad going short today after quite a big down move before this, I just follow the signal regardless and came out fine =)
I don't think you're mad. I was short too! This is my currency and if the BULLs don't turn up, well I've got to fill the car up tomorrow.

On a more serious note - I do actually admire you; as you show everything, which is very brave. You do everything upfront. I'm not seeing charts after the event!!!

Do you like my new picture?
Don't trade what you think. Just what you see!!!
  • #676,985
  • Aug 19, 2022 6:28am Aug 19, 2022 6:28am
Quoting ForexGoose
{quote} bulls got trapped bears are targeting 1.187 next
my next bearish target is 1.176 and if that breaks, then it is going to 1.146 quickly
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #676,986
  • Aug 19, 2022 6:29am Aug 19, 2022 6:29am
Quoting Georginson
{quote} On the contrary, they will have some relief. Added long 1.1884, target 1.1994.
I'm double lot here at 1.1836 to enable marginal profit when all transactions are closed at 1.1900... new target 1.1900. potential plus 64, plus 16 to cancel out minus 26 and minus 68.
Data + Stat + Risk/Emotions Management
  • #676,987
  • Aug 19, 2022 6:32am Aug 19, 2022 6:32am
Quoting forexgoose
{quote} my next bearish target is 1.176 and if that breaks, then it is going to 1.146 quickly {image} {image}
alomost the same set up... Am runnin in profits thou
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  • #676,988
  • Aug 19, 2022 6:32am Aug 19, 2022 6:32am
Quoting Georginson
{quote} I'm double lot here at 1.1836 to enable marginal profit when all transactions are closed at 1.1900... new target 1.1900. potential plus 64, plus 16 to cancel out minus 26 and minus 68.
smart one!
https://breakpullback.com
  • #676,989
  • Aug 19, 2022 6:33am Aug 19, 2022 6:33am
Quoting Georginson
{quote} I'm double lot here at 1.1836 to enable marginal profit when all transactions are closed at 1.1900... new target 1.1900. potential plus 64, plus 16 to cancel out minus 26 and minus 68.
I like it when you say when. You know you are the math guy. Please give us some figures/probabilities.
  • #676,990
  • Aug 19, 2022 6:33am Aug 19, 2022 6:33am
Quoting Reverso
This month Aug from height of 17.58% dropped to 7.98%, it is shameful to look at. I still have 8 trading days this month to redeem myself to a more acceptable return rate. With that said, I am glad I am still positive. {image}
1/. Month is not over yet. So it is not over until it is over.
2/. 7%+ Per month is very much compare leaving your money in the bank for 3-5% annually. (Remember institutional traders of investment firm attempt only 15% per year)
3/. You use stop loss without a single of martingale strategy and have been profitable for two months mean you are better than 80% of traders around the world.
4/. From 17% to 7% is not a shame but from 17% to blowing account is.

For me you are good trader. You just need to fix your impatience that's all.

Happy trading my friend
With courage, patience, and discipline, success is a matter of time.
  • #676,991
  • Aug 19, 2022 6:35am Aug 19, 2022 6:35am
Quoting Georginson
{quote} I'm double lot here at 1.1836 to enable marginal profit when all transactions are closed at 1.1900... new target 1.1900. potential plus 64, plus 16 to cancel out minus 26 and minus 68.
I think the 119 figure you mentioned will be the top end primarily due to the colossal drop we have seen since yesterday.
Insane in the Brain..
  • #676,992
  • Aug 19, 2022 6:35am Aug 19, 2022 6:35am
Quoting Theoak
{quote} I don't think you're mad. I was short too! This is my currency and if the BULLs don't turn up, well I've got to fill the car up tomorrow. On a more serious note - I do actually admire you; as you show everything, which is very brave. You do everything upfront. I'm not seeing charts after the event!!! Do you like my new picture?
Yes I am transparent, I want others to know I am not a fake person claiming to be someone wildly successful, I want others to witness my transformation all the way to my retirement, which I expect somewhere next year, I am confident I can pull this off, I have been silent on my social media for many years, working on my ultimate plan, only to shock them, my peers, once and for all. I want to become someone formidable, not a wage cuck slaving my life away in front of computers until I am 55, this shit needs to stop, a vicious cycle seldom realized by most people, they think working 9-5 everyday is okay... My regular job is not that bad, high position, high pay, I can't complain, but it is quite stressful sometimes.

I am happy you do show admiration to the things that I do, which I perceived as insignificant, wish you a good weekend mate!

Cool pic btw, I miss that wizard pic
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #676,993
  • Edited 6:48am Aug 19, 2022 6:36am | Edited 6:48am
Quoting greed
{quote} well there is just not one certain conclusion as your question suggest to me. It's more like, in the process of finding an opinion about your trading decisions how much do you want to weight these "sentiments" into? If the retail traders only represent 2% of the money flow, how much does this actually help you out? It's not a rhetorical question, i'm keen to find out your view on this.
I didn't get you yet again.

But if you want a view, then understand that no matter how the "big players" crush the retail chaps, there's a print that shows their trail. The large operators have no choice but to place orders and those orders have no choice but to be visualized, now it's left to the thinking man to understand logically why certain huge moves come out of nowhere.

It's not about patterns. Lol. It's about the business of finance and economics. Patterns are just a natural phenom that somehow plays itself in everything visual. Just like fractals. Hence, why patterns have proved to work for some, because it's a natural phenom. When you do something and even think to manipulate a large gathering, once it can be visualized, over a period of time the law of harmonics kicks in, and pattenrs emerge that are repeatable because you have gained from the manipulation and you keep gaining and can't help it. So, the pattern continues to play out for the eyes that understand and see them.


IMO, following their print is consistent.

You still did not drive your point though. Or have you?

Kind regards,

RD
  • #676,994
  • Aug 19, 2022 6:38am Aug 19, 2022 6:38am
Quoting Mitiblotch
{quote} I like it when you say when. You know you are the math guy. Please give us some figures/probabilities.
Maximum monthly range this year so far happened in April being 756 pips, second highest range happened in May 512 pips...

This August already has 474 pips range just 11 pips away from Equalling July range of 485 pips ...

This week so far has range of 328 pips second only to 12th - 16th June weekly range of 476 pips...
Data + Stat + Risk/Emotions Management
  • #676,995
  • Aug 19, 2022 6:39am Aug 19, 2022 6:39am
Quoting JameRomeo168
{quote} Without EQ, having high IQ won't take you you anywhere far. Some people have high IQ can set-up best trading plan on his chars with good logic. But due to their poor Emotional Management, their best trading plan can become bad trading plan once they lets fear, greed or frustration controlling them and finally, BOOM!!! Their accounts are blowing.

Rightly said,

Kind regards.
  • #676,996
  • Aug 19, 2022 6:39am Aug 19, 2022 6:39am
Quoting Pat Chiko
{quote} GU Common GU... One Spike to QM.... {image}
Pat bro! Congratulations for a quick profit but please stop selling now becouse bulls want money too
People don't plan to lose. They lose because they don't plan.
  • #676,997
  • Aug 19, 2022 6:41am Aug 19, 2022 6:41am
Quoting Georginson
{quote} Maximum monthly range this year so far happened in April being 756 pips, second highest range happened in May 512 pips... This August already has 468 pips range just 24 pips away from Equalling July range of 485 pips ... This week so far has range of 322 pips second only to 12th - 16th June weekly range of 476 pips...

I like how you are abreast with figures!

Kind regards,
  • #676,998
  • Aug 19, 2022 6:42am Aug 19, 2022 6:42am
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POSTMASTER
  • #676,999
  • Aug 19, 2022 6:43am Aug 19, 2022 6:43am
Quoting Robinhood1
{image}
Still in place
POSTMASTER
  • #677,000
  • Aug 19, 2022 6:43am Aug 19, 2022 6:43am
Quoting godofmc
dxy already close the gap, but no sign of stopping {image}
dxy is full force in bullish mode... Its headin to the top
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