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Cable Update (GBPUSD)

  • #693,561
  • Oct 8, 2022 1:49am Oct 8, 2022 1:49am
Quoting navk
{quote} excellent yes. One can make money in buy or sell, WHere is stoploss and what capital that stop will erode is what important.

Mastering Risk Management is also important traders must know and play the game.

There are different models which you can be creative and develop your own. If you think of this Lotto model and Insurance model, and putting these together and create new model to generate cash flow every month, you can make some money.

Have a CashFlow model to bring you consistent income over a longer time duration. Don't stress yourself expecting profits everyday. Look at the average daily profits over say 20 trading days and even over al longer duration of 12 to 36 months.

Inserted Video


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #693,562
  • Oct 8, 2022 1:53am Oct 8, 2022 1:53am
Quoting navk
{quote} Trading is not mechanical . If that is the case, every one will make money. build your system with what I said, mainly session start ( London, Frankfurt ) NY close etc.
I use s/r levels in trading, because this is where the lack of balance usually develops.

in fact, I approach the opportunity in the same way as if I used DELTA trading.
  • #693,563
  • Oct 8, 2022 1:53am Oct 8, 2022 1:53am
Quoting DrDave
{quote} you just can't come on to a thread saying that your way is right and everyone else is wrong Au contraire! He just did it! 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 Au contraire! You not only took notice, he was so noticeable that it prompted a post from you.
At the end it does not matter what the forum members think about us.

People subscribe to us for their own reasons and not to make us big in the forum.

Gone are those days.

The present is :

Make 1 or 2 % on daily average basis to be consistent
Intraday only.
  • #693,564
  • Oct 8, 2022 2:04am Oct 8, 2022 2:04am
Quoting tiborf71
{quote} I use s/r levels in trading, because this is where the lack of balance usually develops. in fact, I approach the opportunity in the same way as if I used DELTA trading.
Look at support/resistance after Frankfurt close, before LO. This is important.

And then look at 4hr/1 hr close before NY close.

And then look at support/resistance levels before Tokyo open.

You master in these. I guarantee, you will make money with proper risk management.
Intraday only.
  • #693,565
  • Oct 8, 2022 2:10am Oct 8, 2022 2:10am
Quoting tiborf71
{quote} I use s/r levels in trading, because this is where the lack of balance usually develops. in fact, I approach the opportunity in the same way as if I used DELTA trading.
Just look at Frankfurt / London open alone + Support/resistance in the last week.

Decide what to do.

One can make money for sure.
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Intraday only.
  • #693,566
  • Oct 8, 2022 2:11am Oct 8, 2022 2:11am
Quoting birdland
{quote} well at the moment i am -12 pips (on all trades including the open position), but when i let the floating/open position go to TP i am +61. what if the floating/open position widens its loss and dont look back to TP?
That's when you can start averaging your position and still hedge, so example you are -20 pips on your SELL position add another SELL no tp no sl and hedge LONG +1 tp no sl, remember this is just practice only for DEMO
  • #693,567
  • Oct 8, 2022 2:14am Oct 8, 2022 2:14am
Quoting navk
{quote} Look at support/resistance after Frankfurt close, before LO. This is important. And then look at 4hr/1 hr close before NY close. And then look at support/resistance levels before Tokyo open. You master in these. I guarantee, you will make money with proper risk management.
I will watch it.

thank you for the information.
  • #693,568
  • Oct 8, 2022 2:15am Oct 8, 2022 2:15am
Quoting DrDave
{quote} you just can't come on to a thread saying that your way is right and everyone else is wrong Au contraire! He just did it! 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 Au contraire! You not only took notice, he was so noticeable that it prompted a post from you.
Ok you are right, what was I thinking, sorry will just keep myself to myself
  • #693,569
  • Oct 8, 2022 2:25am Oct 8, 2022 2:25am
Quoting TheWolf
PEOPLE STOP SUBSCRIBING TO ME!! DON'T WANT TO BECOME RED AND BAD JUST LIKE THE REST OF THE RED MEMBERS! I ALSO LOST MY PRECIOUS 4%.. THIS IS ALL YOUR FAULT! I'LL START GIVING YOU FALSE SIGNALS! I WARNED YOU!
WOLF

You are one inteligent trader, your opinion matter, no matter of the outcome, risk isn't yours, should never be.
My respect. J
  • #693,570
  • Oct 8, 2022 2:36am Oct 8, 2022 2:36am
Quoting Jolita
{quote} WOLF You are one inteligent trader, your opinion matter, no matter of the outcome, risk isn't yours, should never be. My respect. J
Thanks!!
Thanks again for that photo you shared, I honestly didn't see sky that blue in a while..

This is what the sky looks like in Croatia..
(Not taken by me, but same thing basically).
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  • #693,571
  • Oct 8, 2022 3:14am Oct 8, 2022 3:14am
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Dont be upset with the result you didnt get from the work you didnt do
  • #693,572
  • Oct 8, 2022 3:25am Oct 8, 2022 3:25am
Quoting TheWolf
{quote} Thanks!! Thanks again for that photo you shared, I honestly didn't see sky that blue in a while.. This is what the sky looks like in Croatia.. (Not taken by me, but same thing basically). {image}
Looks like you have high pressure in Croatia. Croatia is beautiful, never been myself, my brother visits every year, I heard a lot about it.

Thanks to lockdown sky is deeper blue colour in the UK. We have green grass still, and spring time blooms in London are so beautiful. City of London has 3000 parks, exceeds any other capital. You must definitely visit.

Sending you some more -
North Greenwich, London, Emirates cable cars cross over Thames.
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Lake District, Coniston waters
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  • #693,573
  • Oct 8, 2022 3:43am Oct 8, 2022 3:43am
Quoting Jolita
{quote} Looks like you have high pressure in Croatia. Croatia is beautiful, never been myself, my brother visits every year, I heard a lot about it. Thanks to lockdown sky is deeper blue colour in the UK. We have green grass still, and spring time blooms in London are so beautiful. City of London has 3000 parks, exceeds any other capital. You must definitely visit. Sending you some more - North Greenwich, London, Emirates cable cars cross over Thames. {image} Lake District, Coniston waters {image}
Now, that's how the sky should look like. Yeah, that deeper blue is awesome!
Oh.. that lake looks like a great spot to hang around.

Croatia is beautiful, but gotta say, that lake looks more tempting to me.

As far as coming to London... it is my wish all of us from Cable forum meet up somewhere someday.. if I prosper enough, I'll make it possible! Until then..
  • #693,574
  • Oct 8, 2022 4:37am Oct 8, 2022 4:37am
Quoting Wavegarrick
{quote} What makes me still hang onto my buy trades is that the daily time frame shows a pullback and possible resumption to the upside, Not cast in stone but it is what it is. 1.10000 will be crux for bulls going forward into the 4th quarter. {image}15 minute just hanging in at 1.110000 {image}Have a great weekend Folks Cheers.
I also see the same thing, the daily is showing a retrace to potentially go higher but at the same time, we could be diving deep..
question is, how much stronger can USD get..I feel not much

time will tell and i know one thing, going forward..if i have to take a hit, i will happily after this
  • #693,575
  • Oct 8, 2022 4:49am Oct 8, 2022 4:49am
MY CHART : GU UP.




TP = 1.16333
Attached Image (click to enlarge)
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  • #693,576
  • Oct 8, 2022 5:45am Oct 8, 2022 5:45am
Quoting TheWolf
PEOPLE STOP SUBSCRIBING TO ME!! DON'T WANT TO BECOME RED AND BAD JUST LIKE THE REST OF THE RED MEMBERS! I ALSO LOST MY PRECIOUS 4%.. THIS IS ALL YOUR FAULT! I'LL START GIVING YOU FALSE SIGNALS! I WARNED YOU!
Please don't give false signals
Your right signal can help lots of people like me
At least we can take it as direction reference.
I will check many different predition ideas and make decision myself.
No one can take risk for me. If I get loss, I wouldn't and shouldn't blame on others' predictions.
Actually, there's no way to predict right 100% all the time.
My rule is don't trade simply rely on other's singals.

Thank you TheWolf !! You are great !!
  • #693,577
  • Oct 8, 2022 5:58am Oct 8, 2022 5:58am
Quoting Cgpips
{quote} Please don't give false signals Your right signal can help lots of people like me At least we can take it as direction reference. I will check many different predition ideas and make decision myself. No one can take risk for me. If I get loss, I wouldn't and shouldn't blame on others' predictions. Actually, there's no way to predict right 100% all the time. My rule is don't trade simply rely on other's singals. Thank you TheWolf !! You are great !!
As I understand it, the responsible approach is to read the signals that get presented, try to understand why the 'trader' is presenting the given signal and then to decide how you want to respond.
This gets a lot easier when charts or an indication of why the trader is suggesting the signal are present.
I too thank TheWolf for his contributions!
  • #693,578
  • Oct 8, 2022 6:16am Oct 8, 2022 6:16am
Quoting vulcann1
{quote} Are you struggling, I may be able to help.
YES.

Thank you for asking.
Most of the time I'm strugelling, but ocassionally, I cna trade as planned.

Looking forward for your support here.
I'm price action trader, using support resistance and S&D.

No other tools use in my trading as I'm still a learner
It would be much appreciate if we can get this thread going, helping struggling traders.

Forgive me, for my englis, as I'm non native englis speaking people.

Thanks & Welcome to Cable Trade.

Best Wishes
PAT Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,579
  • Oct 8, 2022 6:23am Oct 8, 2022 6:23am
Quoting nAVIN2007
{quote} I also see the same thing, the daily is showing a retrace to potentially go higher but at the same time, we could be diving deep.. question is, how much stronger can USD get..I feel not much time will tell and i know one thing, going forward..if i have to take a hit, i will happily after this
It’s a cross roads I think not helped by the UK government lol. A retrace to 11150-80
Insane in the Brain..
  • #693,580
  • Oct 8, 2022 6:25am Oct 8, 2022 6:25am
Quoting Kimmymore
MY CHART : GU UP. TP = 1.16333 {image}
Hi Kimmy.

Last few moths, having reading your post and wonder are you seriously trade or just want to have fun here...
Sorry to say that to you, coz I've been following your post for six month.

And notice that whenever things goes wrong, you blame the system " error" or whatever you put there.
After three or four attempts with failed so called "error" system, you disappears.

You come back again today, thinking these people are very quiet and doesn't complaint of your posting.

Therefore, I would like you to know WHY are doing this ?
For FUN ? Facebook is the best place,
For Phishing?. you can sell it on ebay, your post it MetaQuotes system where there sell 100% guarantee for $39.99.

Or you can just tell us what is your system all about that can generate XXX% of profit.

Please, I want to listen to you. Maybe you need help,

Thank You

Pat Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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