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Cable Update (GBPUSD)

  • #700,881
  • Oct 26, 2022 6:29am Oct 26, 2022 6:29am
Quoting TheWolf
Went Long.. Missed the entry timing by 30 pips.. Smaller lot size though.. bad timing. SL moved to 1.15507 Entry 1.15759 Edit: Just now 15M confirmed Sell though! Watch out for now, I might exit very fast. SL Manual It might just bounce off and continue up but caution.. {image}
Okey, 5 pips better than nothin'..
I'll wait, price not showing any momentum.
  • #700,882
  • Oct 26, 2022 6:31am Oct 26, 2022 6:31am
Quoting GGekkoGreed
{quote} 25 pips a day is very manageable... I see these 20$-52,000$ challenges on youtube with just 20-25 pips... Its interesting to say the least...
I think so too. We know that FX trading is not a 'get rick quick' thing, but if it is viewed as a high return (and high risk of course) investment, then it makes most other investment schemes look silly. For most of us who do not have lots and lots of money, putting out money in the bank is just a waste of time because the returns are a joke. Especially when compared to what banks loan out money out at!

Eeeek....I'm getting off track here!

So if we see the banks as not viable to make money, but FZ trading IS viable, then to minimise risk we could target (say) 25 pips per day and compound it with lot size to keep the risk the same. 25 pips per day should be possible with not too trouble I think. I don't know if I make sense here? I was going to try a spreadsheet last weekend but I got distracted. I'll try this weekend and see what I can find.
I am neither brave nor stupid...I am just a part time trader
  • #700,883
  • Oct 26, 2022 6:33am Oct 26, 2022 6:33am
Sorry for the slow post this time...I was typing a reply above. But I have a Sell on UJ

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I am neither brave nor stupid...I am just a part time trader
  • #700,884
  • Oct 26, 2022 6:35am Oct 26, 2022 6:35am
is it gonna form an M Top on the 15m chart...hmmmm
  • #700,885
  • Oct 26, 2022 6:37am Oct 26, 2022 6:37am
Quoting Indiara
Sorry for the slow post this time...I was typing a reply above. But I have a Sell on UJ {image}
I moved SL to protect the trade as it looks like it's not going to work
I am neither brave nor stupid...I am just a part time trader
  • #700,886
  • Oct 26, 2022 6:38am Oct 26, 2022 6:38am
Quoting Indiara
{quote} I think so too. We know that FX trading is not a 'get rick quick' thing, but if it is viewed as a high return (and high risk of course) investment, then it makes most other investment schemes look silly. For most of us who do not have lots and lots of money, putting out money in the bank is just a waste of time because the returns are a joke. Especially when compared to what banks loan out money out at! Eeeek....I'm getting off track here! So if we see the banks as not viable to make money, but FZ trading IS viable, then to minimise risk...
makes perfect sense actually... having money in the bank is a joke... I mean some money is fine but anything substantial is not worth it...considering what's happening with inflation and all... the $ doesn't go far these days... you almost HAVE to do something. 25 pips is doable, hard part is staying OUT after you get it so you dont end up giving it back.
  • #700,887
  • Oct 26, 2022 6:40am Oct 26, 2022 6:40am
Quoting Indiara
{quote} I moved SL to protect the trade as it looks like it's not going to work
It ate the SL! Was worth a try though but perhaps too close to NY open really

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I am neither brave nor stupid...I am just a part time trader
  • #700,888
  • Oct 26, 2022 6:45am Oct 26, 2022 6:45am
Quoting GGekkoGreed
{quote} 25 pips a day is very manageable... I see these 20$-52,000$ challenges on youtube with just 20-25 pips... Its interesting to say the least...
Very easy to get $52000 with just 25pips if you open like 4-5x 100 lots size with a $3-4M account size.
More time in the market, does not mean you trade better!
  • #700,889
  • Oct 26, 2022 6:45am Oct 26, 2022 6:45am
Quoting GGekkoGreed
{quote} makes perfect sense actually... having money in the bank is a joke... I mean some money is fine but anything substantial is not worth it...considering what's happening with inflation and all... the $ doesn't go far these days... you almost HAVE to do something. 25 pips is doable, hard part is staying OUT after you get it so you dont end up giving it back.
Yes, it must be possible. Even if it is split over 2 trades of 13 and 12 pips, for example. There will be days like today where I made +62, and better traders made 100 or more, which will offset days of no pips, or recovering from giving pips to the market. If at the end of the month the average daily profit is 25 pips, it would work. Even 20 pips would do, or less. It would just make the 1 year nest egg slightly less. I can work spreadsheets (in a basic form), I will try this out and see how the theory side would add up.
I am neither brave nor stupid...I am just a part time trader
  • #700,890
  • Oct 26, 2022 6:50am Oct 26, 2022 6:50am
Meanwhile in Russia...
Russia's Défense Minister Sergei Shoigu said that Russian troops have taken part in drills to deliver a massive nuclear strike in response to an enemy nuclear strike
Blank and Empty
  • #700,891
  • Oct 26, 2022 6:50am Oct 26, 2022 6:50am
Quoting Fardeen1209
{quote} Very easy to get $52000 with just 25pips if you open like 4-5x 100 lots size with a $3-4M account size.
Perhaps that target would work out with a much smaller account and lot size if it wasn't a competition.? If it took (say) a year or two years (just guessing) to compound $1000 account to become a $50,000 account, that's a better return than any bank on the planet. I don't know the numbers I'm not clever enough to figure it out. But I might be able to with a spreadsheet.
I am neither brave nor stupid...I am just a part time trader
  • #700,892
  • Oct 26, 2022 6:52am Oct 26, 2022 6:52am
Quoting Indiara
{quote} It ate the SL! Was worth a try though but perhaps too close to NY open really {image}
Weldone, will follow you more
  • #700,893
  • Oct 26, 2022 6:53am Oct 26, 2022 6:53am
UJ

Going for minor correction.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #700,894
  • Oct 26, 2022 6:55am Oct 26, 2022 6:55am
Quoting Pat Chiko
UJ Going for minor correction.{image}
Haha
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  • #700,895
  • Oct 26, 2022 6:57am Oct 26, 2022 6:57am
Quoting Fardeen1209
{quote} Very easy to get $52000 with just 25pips if you open like 4-5x 100 lots size with a $3-4M account size.
lol right. If you look at the spreadsheet its a crazy percent rate and most brokers don't even allow the leverage past 50-1... and this actually isnt 25 pips its 20. basically risking 15 pips on each trade and scaling up after every trade... you have to win 30 in a row though which, isn't impossible but not likely...
  • #700,896
  • Oct 26, 2022 6:57am Oct 26, 2022 6:57am
GU on daily confluence zone, if not daily bullish ChoCH---> new historical low
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  • #700,897
  • Oct 26, 2022 7:02am Oct 26, 2022 7:02am
Quoting Fardeen1209
{quote} Very easy to get $52000 with just 25pips if you open like 4-5x 100 lots size with a $3-4M account size.
it is quite easy to live off 5 pips per day.
Trade like a robot ,mechanical style. i am doing it now trading for 1 .
You just need the right method and mental ability...... and not think.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #700,898
  • Oct 26, 2022 7:10am Oct 26, 2022 7:10am
Trying Long..
Around Support..
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  • #700,899
  • Oct 26, 2022 7:12am Oct 26, 2022 7:12am
Quoting Indiara
{quote} It ate the SL! Was worth a try though but perhaps too close to NY open really {image}
t 13-11 USA just opened.
cable is consolidating on the 15 minute chart...whip
i am waiting until 08-00 am tomorrow, uk time
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #700,900
  • Oct 26, 2022 7:16am Oct 26, 2022 7:16am
Quoting billytt
{quote} t 13-11 USA just opened. cable is consolidating on the 15 minute chart...whip i am waiting until 08-00 am tomorrow, uk time
like
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t 13-16
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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