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Cable Update (GBPUSD)

  • #678,441
  • Aug 25, 2022 11:07pm Aug 25, 2022 11:07pm
Quoting navk
{quote} The mental strength ( psychology ) is very important. You know...some times, leave alone fear, just go at it. You know what I mean. Conservative will do while trading funded accounts but not for evaluation. I was struggling to complete target in the initial days. I took 17 days 18 days like that. Now all evaluations, I finish in 5 mandatory days. Psychology : Anger on someone you know the best, or anger on your trading style can help you to get mental strength.
Very well said Navk...
Data + Stat + Risk/Emotions Management
  • #678,442
  • Aug 25, 2022 11:13pm Aug 25, 2022 11:13pm
Quoting Georginson
{quote} Very well said Navk...
If you loose the evaluation, you just loose the Fee, max 500 bucks.

And try to start slow when you start with new evaluation, try to score, 500 d first, then, make 1000 d, then 1500d.

Once you scored more on a particular day, let us say, you scored 4k.

You have the buffer of daily loss limit. That is 9000 d.

This is the day, you can go on making money.

ha..ha..
Intraday only.
  • #678,443
  • Aug 25, 2022 11:45pm Aug 25, 2022 11:45pm
Today, my TP will hit at 1780. I have held for two days now. Say Amen! Amen!
  • #678,444
  • Aug 25, 2022 11:48pm Aug 25, 2022 11:48pm
Quoting Georginson
{quote} Congratulations Navk I'm happy for you. Mine has been super slow perhaps I'm playing too careful and defensive.
Baba no wan lose money
  • #678,445
  • Aug 25, 2022 11:50pm Aug 25, 2022 11:50pm
Hello guys, here is my GbpUsd perspective.
Attached Image (click to enlarge)
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  • #678,446
  • Aug 25, 2022 11:51pm Aug 25, 2022 11:51pm
Hi Georginson/ Navk
friends already I started E8 funding , I passed evaluation test phase one 3 times but continue fail in phase 2 three times, this is my bad luck , again today I am doing phase one 4th time, lot of fees gone for 250k account,
Very stressful , I wish this time I clear both test, phase2 is easy but I don’t know I put bigger lot size, and went wrong, even I know market trend.
Please advise because you already done, Thanks
  • #678,447
  • Aug 25, 2022 11:53pm Aug 25, 2022 11:53pm
Quoting TheBestMA
Hello guys, here is my GbpUsd perspective. {image}
Breaking down, hopefully.
  • #678,448
  • Aug 26, 2022 12:03am Aug 26, 2022 12:03am
As I said yesterday and the day before, Price must trade above 1.1838 with confidence, price is blocked there, but.. no sell zone either
Long bias
good day.
Attached Image (click to enlarge)
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  • #678,449
  • Aug 26, 2022 12:13am Aug 26, 2022 12:13am
Quoting Robinhood1
{quote} Blatant manipulation and specifically to myself and anyone who acquires the highest level. These sister charts gbpnzd & gbpaud prove how many market makers posts at FF. Impossible to get all the profits they claim on a regular basis. Members like Pat chiko are scammers and belong to the corporation that controls MT4/5. Their forecasts are based on central Algo´s reports (teamwork). You can report me, I don't give a damn. {image}{image}
Just to prove you that some members are not scammers, perhaps good money managers at the end of the week.

Quoting bilal1947
{quote} closed long, looking to short with a 10 pip SL (sets to Break Even), lets see {image}
GU short (+48pips)
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
"Exchange of hands"
  • #678,450
  • Aug 26, 2022 12:30am Aug 26, 2022 12:30am
Quoting Robinhood1
{quote} Blatant manipulation and specifically to myself and anyone who acquires the highest level. These sister charts gbpnzd & gbpaud prove how many market makers posts at FF. Impossible to get all the profits they claim on a regular basis. Members like Pat chiko are scammers and belong to the corporation that controls MT4/5. Their forecasts are based on central Algo´s reports (teamwork). You can report me, I don't give a damn. Every time I show up here will be to report this fraud. Even getting revoked not a big deal which will be in your interest...
This post is a clear sign that this trader has lost money, blaming everyone and everything for his/her/non binary loss, seen it time and time again on this forum, ps pretty big post for someone who doesn't give a damn
  • #678,451
  • Edited 12:50am Aug 26, 2022 12:39am | Edited 12:50am
Quoting Zak37
Hi Georginson/ Navk friends already I started E8 funding , I passed evaluation test phase one 3 times but continue fail in phase 2 three times, this is my bad luck , again today I am doing phase one 4th time, lot of fees gone for 250k account, Very stressful , I wish this time I clear both test, phase2 is easy but I don’t know I put bigger lot size, and went wrong, even I know market trend. Please advise because you already done, Thanks
Probably, the problem is phycology.

When you enter into phase 2 and Funded stage, you should be more careful. Excitement leads to disaster. I have come across similar situations. Not only me. Most of retail prop traders. May be seasoned traders are exceptional.

Try to improve upon trading phycology. Fear and greed are enemies to trading.

You have 60 days to achieve target.
Intraday only.
  • #678,452
  • Aug 26, 2022 12:57am Aug 26, 2022 12:57am
Quoting navk
{quote} Probably, the problem is phycology. When you enter into phase 2 and Funded stage, you should be more careful. Excitement leads to disaster. I have come across similar situations. Not only me. Most of retail prop traders. May be seasoned traders are exceptional. Try to improve upon trading phycology. Fear and greed are enemies to trading. You have 60 days to achieve target.
Thanks Navk, I know just go little faster in 2nd phase I loose my target, but again on first phase with strong heart and killing emotions, hope this time will get success, you are doing Tff, about TFF is same E8 or better than this,
  • #678,453
  • Aug 26, 2022 1:00am Aug 26, 2022 1:00am
Long again at current price 1.1804
  • #678,454
  • Aug 26, 2022 1:01am Aug 26, 2022 1:01am
Quoting Mitiblotch
{quote} Breaking down, hopefully.
UJ and DXY running into resistance though.
  • #678,455
  • Aug 26, 2022 1:01am Aug 26, 2022 1:01am
W we're having a discussion on this topic. So when does London session open? Headland says the forex desks open at around 6:30 am (cannot remember correctly now) and the equities market open at 8.00am. I have always knows the London session to open by 8am London time and Frankfurt an hour earlier at 7am. And this London session at 8am is truly when the real moves start.

See this image below. It agrees with my point. Anybody care to explain?
Attached Image (click to enlarge)
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  • #678,456
  • Aug 26, 2022 1:02am Aug 26, 2022 1:02am
Quoting Zak37
Hi Georginson/ Navk friends already I started E8 funding , I passed evaluation test phase one 3 times but continue fail in phase 2 three times, this is my bad luck , again today I am doing phase one 4th time, lot of fees gone for 250k account, Very stressful , I wish this time I clear both test, phase2 is easy but I don’t know I put bigger lot size, and went wrong, even I know market trend. Please advise because you already done, Thanks
I think Navk is in a better position to give you an advise on how to pass the test as I'm still in stage 1 at the moment... I'm currently in 6% with 2% more needed to finish my stage 1.

General trading is quite different from prop trading as there are some rules that must be strictly adhered to which may limit you psychologically... I will suggest you control your excitement and reduce your lot sizes since you have 60 days to finish stage 2 with lesser target than stage 1.
Data + Stat + Risk/Emotions Management
  • #678,457
  • Aug 26, 2022 1:03am Aug 26, 2022 1:03am
Quoting TheFxLord
{quote} UJ and DXY running into resistance though.
I think it will break down. Today is Friday and it's a favorite sell day. Hopefully I hit my 1780 and call it a day. Price is firmly below the daily pivot too. Many pips to you today.
  • #678,458
  • Aug 26, 2022 1:06am Aug 26, 2022 1:06am
Quoting Zak37
{quote} Thanks Navk, I know just go little faster in 2nd phase I loose my target, but again on first phase with strong heart and killing emotions, hope this time will get success, you are doing Tff, about TFF is same E8 or better than this,
MFF, TFF, E8 in this order.
Intraday only.
  • #678,459
  • Aug 26, 2022 1:06am Aug 26, 2022 1:06am
Quoting Georginson
{quote} I think Navk is in a better position to give you an advise on how to pass the test as I'm still in stage 1 at the moment... I'm currently in 6% with 2% more needed to finish my stage 1. General trading is quite different from prop trading as there are some rules that must be strictly adhered to which may limit you psychologically... I will suggest you control your excitement and reduce your lot sizes since you have 60 days to finish stage 2 with lesser target than stage 1.
You can do it
"Exchange of hands"
  • #678,460
  • Aug 26, 2022 1:08am Aug 26, 2022 1:08am
Quoting bilal1947
{quote} You can do it
Thanks my always loyal friend. God bless you immensely.
Data + Stat + Risk/Emotions Management
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