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Cable Update (GBPUSD)

  • #693,521
  • Oct 8, 2022 2:37am Oct 8, 2022 2:37am
Quoting PatienceFx
{quote} why do people in red use the anal word every time ?
I KNOW!

I also brought up popcorns, but to my dissapointment, there is no drama today..

Meh..maybe it's better there isn't..
Get's boring..like watching Home Alone for the 30th time..
  • #693,522
  • Oct 8, 2022 2:41am Oct 8, 2022 2:41am
Quoting navk
{quote} no idea. Let all know about it.
trade for yourself for your own account, not for posting on forums.

many take a trade and immediately post, [ look i put my neck here ]
  • #693,523
  • Oct 8, 2022 2:41am Oct 8, 2022 2:41am
Quoting PatienceFx
{quote} subscribed [ look if i am subscribing to this guy then it means i consider his posts priceless ]
But now he used the well-known psychological trick of begging people to NOT subscribe that will result in a FLOOD of subscribers, based on defiance, not on post content.
To free Gazans of Hamas, use whatever it takes.
  • #693,524
  • Oct 8, 2022 2:43am Oct 8, 2022 2:43am
Quoting tenkanzen
{quote} If you don't subscribe to me..I will subscribe to you!
Hahahah . That's clever.. seeing that I didn't sub to anyone..
I don't need to sub, because the people I follow, they are all on this forum already..
  • #693,525
  • Oct 8, 2022 2:43am Oct 8, 2022 2:43am
Quoting navk
{quote} Yes, people must realize that they trade to make money not for fun. Seriousness is needed. It is home based job and for most of people. What they should do to make money ? 1. As others here posting, it is not necessary that money can be made only in trending. In each swing, one can make money. Swing on trend side ( 5 or 15 min or hourly for day traders ) Swing on retrace side. 2. Patience... it is needed a lot. 3. Session open. It plays a critical role in making money. 4. Then , the control of greed. In whatever way ( trend side or retrace...
You are right, but the 1% part is what I don't really endorse, I used the 1% rule with high winrate but I was always losing majority of my trades not until I started risking 3 to 5% of my account with a winrate of 46%, although I barely hit SL lately but this works for me.

So what I'm saying is that everything depends on whether you understand the market or you just dont.
Plan your trades and trade your plan.
  • #693,526
  • Oct 8, 2022 2:44am Oct 8, 2022 2:44am
Quoting DrDave
{quote} But now he used the well-known psychological trick of begging people to NOT subscribe that will result in a FLOOD of subscribers, based on defiance, not on post content.
Hihihihihi

Beware of the day TheWolf becomes a red member! Buhahahahah


But trust me, I'm a well meaning person. As they say, I'm a people's person!
  • #693,527
  • Oct 8, 2022 2:45am Oct 8, 2022 2:45am
Quoting Waveskierrob
{quote} Look what can be achieved in just 5 minutes after news, just scalping 3 pips at a time and trading both directions at once on the DJIA, notice that price moved so fast it was slippage was well in my favour, maybe a one off but will try again next week and keep you posted.......and yes was listening to David Grey {image}
great result! and interesting experiment

i also tried it yesterday with the GU, +1 TP both sides without SL.

result were all trades reached TP and more than +50 pips within minutes.

except one long position is still open with -62 pips...that slipped through;-)
trading is like dancing, don't think and just listen to the music!
  • #693,528
  • Oct 8, 2022 2:46am Oct 8, 2022 2:46am
Quoting navk
{quote} Yes, people must realize that they trade to make money not for fun. Seriousness is needed. It is home based job and for most of people. What they should do to make money ? 1. As others here posting, it is not necessary that money can be made only in trending. In each swing, one can make money. Swing on trend side ( 5 or 15 min or hourly for day traders ) Swing on retrace side. 2. Patience... it is needed a lot. 3. Session open. It plays a critical role in making money. 4. Then , the control of greed. In whatever way ( trend side or retrace...
I trade seriously for fun. Trading is a small part of my life. I suspect that most retail traders have some dream that trading is or will become their main/only income source. It is likely that most leave it after the dream has morphed into one of their worst nightmares.
To free Gazans of Hamas, use whatever it takes.
  • #693,529
  • Oct 8, 2022 2:50am Oct 8, 2022 2:50am
Quoting DrDave
{quote} I trade seriously for fun. Trading is a small part of my life. I suspect that most retail traders have some dream that trading is or will become their main/only income source. It is likely that most leave it after the dream has morphed into one of their worst nightmares.
I differ.

WHtever one does there must be seriousness in it.

Whether it is professional job in your company

OR

Trading to make life out of it

or

Trading for fun.

If one is not serious in what they do, better not to do it.

In case of trading, if you make 100 bucks with seriousness, you did your job.

If one trades just for fun... loosing every day 100 bucks multiples to few '000 s at the end.
Intraday only.
  • #693,530
  • Oct 8, 2022 2:51am Oct 8, 2022 2:51am
Quoting navk
{quote} Yes, people must realize that they trade to make money not for fun. Seriousness is needed. It is home based job and for most of people. What they should do to make money ? 1. As others here posting, it is not necessary that money can be made only in trending. In each swing, one can make money. Swing on trend side ( 5 or 15 min or hourly for day traders ) Swing on retrace side. 2. Patience... it is needed a lot. 3. Session open. It plays a critical role in making money. 4. Then , the control of greed. In whatever way ( trend side or retrace...
it is not necessary that money can be made only in trending. In each swing, one can make money.

That is because EVERY swing is created by TRENDS on smaller TFs. Therefore, by selecting a TRENDING TF that is creating the higher TF swing, you will indeed be trading with the trend--EVERY TIME!

If you don't believe this, simply mark off ANY swing on a higher TF, then change the chart to lower TFs and look for yourself. This is part of the fractal-like nature of financial time series.
To free Gazans of Hamas, use whatever it takes.
  • #693,531
  • Oct 8, 2022 2:52am Oct 8, 2022 2:52am
[quote=Jolita;14170771]{quote} In addition to what Chris already shared, here is some info on risk management advise. It is very hard to follow but if you stick with this, you will succeed. If you brake rules, sadly might not survive in this business for long. Trading is all about mastering skills for the better result. GL{image}{image}[/quote

Thank Jolita,

https://www.forexfactory.com/thread/...-how-to-start?


Also, here we have one of the best threads here to learn the core of the art of trading.
“Stops don’t limit profits — they prevent disasters.”
  • #693,532
  • Oct 8, 2022 2:54am Oct 8, 2022 2:54am
talking of uk and the week ahead
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot 2022-10-08 at 13-20-48 Why is UNITED KINGDOM going BANKRUPT UK's economic crisis Explaine Size: 24 KB
Click to Enlarge Name: Screenshot 2022-10-08 at 13-21-01 Why is UNITED KINGDOM going BANKRUPT UK's economic crisis Explaine Size: 99 KB
Click to Enlarge Name: Screenshot 2022-10-08 at 13-21-17 Why is UNITED KINGDOM going BANKRUPT UK's economic crisis Explaine Size: 72 KB
  • #693,533
  • Oct 8, 2022 2:54am Oct 8, 2022 2:54am
Quoting DrDave
{quote} it is not necessary that money can be made only in trending. In each swing, one can make money. That is because EVERY swing is created by TRENDS on smaller TFs. Therefore, by selecting a TRENDING TF that is creating the higher TF swing, you will indeed be trading with the trend--EVERY TIME! If you don't believe this, simply mark off ANY swing on a higher TF, then change the chart to lower TFs and look for yourself. This is part of the fractal-like nature of financial time series.
Yes, money can be made in trend side or retrace side.

The GU had raised from 1.04 to 1.15. 1100 pips for larger tf.

Is there no money to be made in this ?
Intraday only.
  • #693,534
  • Oct 8, 2022 2:55am Oct 8, 2022 2:55am
Quoting PatienceFx
{quote} you forgot one thing - guess [ it is more important than anything else ]
I thought that hope&pray is way more important that mere guessing.
To free Gazans of Hamas, use whatever it takes.
  • #693,535
  • Oct 8, 2022 2:58am Oct 8, 2022 2:58am
Quoting PatienceFx
{quote} trade for yourself for your own account, not for posting on forums. many take a trade and immediately post, [ look i put my neck here ]
Why you follow anyone for trade calls ? Or posts ?

Unless the post is for general discipline ?

whatever be the capital of account, 1k or 50k or 100k or 1 million,

the basic's do not differ.

Seriousness, fear, greed, risk management etc.
Intraday only.
  • #693,536
  • Oct 8, 2022 2:59am Oct 8, 2022 2:59am
Quoting DrDave
{quote} I thought that hope&pray is way more important that mere guessing.
Dr.D

What is the diagnosis for the Pound upcoming week? Will Pound make it or?
  • #693,537
  • Oct 8, 2022 3:00am Oct 8, 2022 3:00am
Quoting Bryan5229
{quote} You are right, but the 1% part is what I don't really endorse, I used the 1% rule with high winrate but I was always losing majority of my trades not until I started risking 3 to 5% of my account with a winrate of 46%, although I barely hit SL lately but this works for me. So what I'm saying is that everything depends on whether you understand the market or you just dont.
with high winrate but I was always losing majority of my trades

Does anyone see a problem with the logic of this statement???
To free Gazans of Hamas, use whatever it takes.
  • #693,538
  • Oct 8, 2022 3:00am Oct 8, 2022 3:00am
Quoting DrDave
{quote} I thought that hope&pray is way more important that mere guessing.
Hope & Pray :

This comes under risk management.
Intraday only.
  • #693,539
  • Edited 3:27am Oct 8, 2022 3:01am | Edited 3:27am
Quoting vulcann1
Hello everyone in this thread, I chose this one because I suppose it is well watched. As you can tell I have been on FF for over 13 years, but I have not been active in the posting! I use FF everyday to be up on major news events (RED) .After 14 years of being involved in trading I felt it was time to share some information that will help everyone in there trading ! My purpose for this post is to help and explain what the markets do and how to really trade for profit! I had been looking at the threads and posts and have seen that many people were...
Morning, thanks for your posts, but they are only your opinions, you must realise that, you just can't come on to a thread saying that your way is right and everyone else is wrong, we seen it so many times before why should ypu be any different, you need to build rapport over time for anyone to take any notice, post constant winning trades over a long period of time and then you will get some attention, I do agreed with alot that you have said but that doesn't make it right, hope this helps and look forward to seeing your future posts if they are helpful or funny
  • #693,540
  • Oct 8, 2022 3:02am Oct 8, 2022 3:02am
Quoting PatienceFx
talking of uk and the week ahead {file} {file} {file} {file}
You subbed to me and then unsubbed me? That's not nice you know..



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