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Cable Update (GBPUSD)

  • #680,121
  • Sep 1, 2022 11:58am Sep 1, 2022 11:58am
Quoting Wavegarrick
{quote} Hi Marcieny, Thank you. I personally wouldn't mind the dollar reaching the nice big round number 110.00 where I think big sell orders are waiting, but as it goes in trading, it never turns out the way we want it to. Price can turn in a glimpse. With the last month of the 3rd quarter upon us we should see nice volatility. You are correct. Patience is key here. I certainly do not want to sell GU here as a long term trader, but look at buy opportunities with the aim at locking my trades at breakeven and some very...
I am extremely excited that Gu has touched my quarterly level at 1.15000 which falls in line with my quarters theory.
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Usdx has fallen just short of 110.00 and I suspect a push up towards it.
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Have a great week Folks.
Cheers.
Trade to trade another day
  • #680,122
  • Sep 1, 2022 11:59am Sep 1, 2022 11:59am
Quoting navk
MFF, I won challenge phase 2 earlier and just received new funded account. 100k. And yet another challenge phase 2 from TFF i was trading. Fabulous returns today in TFF account too. If this goes like this, probably i will complete phase 2 tomorrow, and win new 100k funded account from TFF Tomorrow. {image}
I'm happy for you Navk, this is absolutely encouraging for me to also finish mine ... I'm close now in 7.55% in the 100k test and 5.44% in the 300k test. I'm getting so close, I pray it ends well.
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Data + Stat + Risk/Emotions Management
  • #680,123
  • Sep 1, 2022 12:07pm Sep 1, 2022 12:07pm
Quoting boodvah
see you guys later after day job.
i agree its a very tiring job

Inserted Video
  • #680,124
  • Sep 1, 2022 12:12pm Sep 1, 2022 12:12pm
Quoting hoda
{quote} What is the status of your E8 funded account? Did they not give you any funds? You have also passed the E8 Test.
E8 , I lost in phase 2.

The loss limit is only 8 %. I violated.
Intraday only.
  • #680,125
  • Sep 1, 2022 12:13pm Sep 1, 2022 12:13pm
Quoting Wavegarrick
{quote} I am extremely excited that Gu has touched my quarterly level at 1.15000 which falls in line with my quarters theory. {image} Usdx has fallen just short of 110.00 and I suspect a push up towards it. {image}Have a great week Folks. Cheers.

Can I ask, what is your quarters theory?
  • #680,126
  • Sep 1, 2022 12:14pm Sep 1, 2022 12:14pm
Quoting Georginson
{quote} I'm happy for you Navk, this is absolutely encouraging for me to also finish mine ... I'm close now in 7.55% in the 100k test and 5.44% in the 300k test. I'm getting so close, I pray it ends well. {image} {image}
That is great.

It is nice to have 400k account.

Intraday only.
  • #680,127
  • Sep 1, 2022 12:14pm Sep 1, 2022 12:14pm
Quoting navk
{quote} E8 , I lost in phase 2. The loss limit is only 8 %. I violated.
no worries, start again
  • #680,128
  • Sep 1, 2022 12:16pm Sep 1, 2022 12:16pm
Quoting PatienceFx
{quote} no worries, start again
I am not going to start with E8 anymore.

My aim is to have total 6x100k and then will merge as 2x 300 k. with others

Thereafter I will stop doing challenges.

Now I do only challenge and will do until 6x100k.
Intraday only.
  • #680,129
  • Sep 1, 2022 12:16pm Sep 1, 2022 12:16pm
I lost today all the profit of yesterday and more , 350 $
I did the same mistakes like always
I entered a trade way way after London session
I aimed for only 15 $ profit and didn't put sl , when the trade gone against me i added to my position and stayed with that for the night and today , if i was out i see now that there were 2 beautiful set up for short
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yes yes yes
  • #680,130
  • Sep 1, 2022 12:17pm Sep 1, 2022 12:17pm
Quoting Marcieny
{quote} The weakness of one currency strengthens another I believe. This whole moment that gbp dropped was pulback. does not appear to be a reversal as there are signs that it will still rise. The question is When
Weakening of one currency does not necessarily go hand-in-hand with strengthening of another. For example pair AB is in an up swing, showing that currency A is stronger than currency B. But this is relative, so the view that currency B is weaker than currency A is just as valid. If currency B begins to strengthen but currency A remains unchanged, then the pair will show signs of weakening in its up swing.

Take note that currency A remained unchanged: It did not weaken, despite the fact that currency B strengthened. But it is valid to take the view that A is now weaker RELATIVE to B. So a change of strength of just one currency is not a cause for another currency to change strength oppositely.

If you do some pair correlation analysis, you will see it more clearly.
To free Gazans of Hamas, use whatever it takes.
  • #680,131
  • Sep 1, 2022 12:18pm Sep 1, 2022 12:18pm
Quoting navk
{quote} That is great. It is nice to have 400k account.
It is actually 700k Account... 300k in two places and one 100k Account... But as you advised, I will write to get 600k once I pass the 3 tests.
Data + Stat + Risk/Emotions Management
  • #680,132
  • Sep 1, 2022 12:19pm Sep 1, 2022 12:19pm
Quoting Moty
I lost today all the profit of yesterday and more , 350 $ I did the same mistakes like always I entered a trade way way after London session I aimed for only 15 $ profit and didn't put sl , when the trade gone against me i added to my position and stayed with that for the night and today , if i was out i see now that there were 2 beautiful set up for short {image}
Trade only after Frankfurt open.

It helps.
Intraday only.
  • #680,133
  • Sep 1, 2022 12:20pm Sep 1, 2022 12:20pm
Quoting navk
{quote} E8 , I lost in phase 2. The loss limit is only 8 %. I violated.
You belong to a small minority of people who are dreamers, believers, thinkers and the doers. Keep inspiring us. All the best for a bright future.
Intraday Trading is an Art _ hoda
  • #680,134
  • Sep 1, 2022 12:27pm Sep 1, 2022 12:27pm
Just a quick one as it's pizza beer night, tails so SHORT 1.1546 no tp no sl
  • #680,135
  • Edited 1:12pm Sep 1, 2022 12:27pm | Edited 1:12pm
Quoting Georginson
{quote} It is actually 700k Account... 300k in two places and one 100k Account... But as you advised, I will write to get 600k once I pass the 3 tests.
As I said previously, one may need more aggression in challenge stage.

Thereafter calm down.

During funded stage , if one earns 0.5 % to 0.75 % per day, that is enough to claim 7 to 10k monthly in a 100k account.
Intraday only.
  • #680,136
  • Sep 1, 2022 12:27pm Sep 1, 2022 12:27pm
The pound practically does not move. There is only lateral movement. But it is insignificant. Therefore, the news may be affected. I hope so.
  • #680,137
  • Sep 1, 2022 12:27pm Sep 1, 2022 12:27pm
Quoting gjgriff
{quote} Can I ask, what is your quarters theory?
Round numbers and time. The year is split into 4 qtrs.
Time is Jan to march, april to june and so forth....
Levels are 500 pips in a qrtr work out from there .
Cheers.
Trade to trade another day
  • #680,138
  • Sep 1, 2022 12:30pm Sep 1, 2022 12:30pm
nice
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yes yes yes
  • #680,139
  • Edited 1:50pm Sep 1, 2022 12:37pm | Edited 1:50pm
this holded for a while… if it breaks next stop around 1.159…

it loks that it will hold again…
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  • #680,140
  • Sep 1, 2022 12:40pm Sep 1, 2022 12:40pm
Quoting navk
{quote} As I said previously, one may need more aggression in challenge stage. Thereafter calm down. During funded stage , if one earns 0.5 % to 0.75 %, that is enough to claim 7 to 10k monthly in a 100k account.
Very well said Navk.
Data + Stat + Risk/Emotions Management
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