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Cable Update (GBPUSD)

  • #703,841
  • Nov 4, 2022 6:31am Nov 4, 2022 6:31am
Quoting Chris_35
Whats going on are they getting springboard ready for a nice dive. {image}
You didn't specify who is doing the dive?
...because you never know - until you do!
  • #703,842
  • Nov 4, 2022 6:31am Nov 4, 2022 6:31am
...

a bit messy intraday...back in the asian session range after price poked it's nose just upside of top of it.

1hr below
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Trader with an Edge.
  • #703,843
  • Nov 4, 2022 6:33am Nov 4, 2022 6:33am
Quoting navk
{quote} Yes, I remember that incident. I feel sorry for that guy who blew his account though.
Yes, I was sad for his losses too, it can not be a nice feeling. But he traded his account and like (probably) thousands of others, he lost all. If I give him money because I feel sad for him, then I would feel obliged to give to all who blow their account....until I am broke. And then, people will STILL be blowing their accounts!!

I am responsible for myself only, unless I agree to trade someone else's account and I blow it. But I will never trade anyone else's account, I could not ever be happy if I knew that I killed someones account.
I am neither brave nor stupid...I am just a part time trader
  • #703,844
  • Nov 4, 2022 6:35am Nov 4, 2022 6:35am
[quote=Indiara;14210217]
Quoting billytt
{quote} Thank you billytt.....I get all cranky with this Covid when my integrity is questioned!! All the people in this thread are great though...just a lurker upset me!!
Don't let some lurker get under your skin. You are one of the most refreshing and upbeat posters on this thread and I like your positive attitude!
Tall tails tell tales.
  • #703,845
  • Nov 4, 2022 6:35am Nov 4, 2022 6:35am
, short
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yes yes yes
  • #703,846
  • Nov 4, 2022 6:36am Nov 4, 2022 6:36am
Quoting RemyLou
{quote} As a newbie i find your opinions ,analysis and decision making helpful...i just take notes and observe the market so guys keep sharing
Thank you for your kind words I am newbie to the currency market, although I have several years of experience in other financial markets. I think the courage to share my analysis whether right or wrong in the thread can help me grow. If you want to grow, I recommend you to share your analysis. Sometimes friends give good comments on your charts, this way you will master faster
There is nothing wrong with being kind & loving to each other
  • #703,847
  • Nov 4, 2022 6:36am Nov 4, 2022 6:36am
Quoting Indiara
{quote} Yes, I was sad for his losses too, it can not be a nice feeling. But he traded his account and like (probably) thousands of others, he lost all. If I give him money because I feel sad for him, then I would feel obliged to give to all who blow their account....until I am broke. And then, people will STILL be blowing their accounts!! I am responsible for myself only, unless I agree to trade someone else's account and I blow it. But I will never trade anyone else's account, I could not ever be happy if I knew that I killed someones account....
People must trade themself and must own responsibly for their own trades.

Copying is very very dangerous.

And most importantly, one will never learn their mistakes.
Intraday only.
  • #703,848
  • Nov 4, 2022 6:37am Nov 4, 2022 6:37am
Quoting fxsport
{quote} You didn't specify who is doing the dive?
Hopefully GU
  • #703,849
  • Nov 4, 2022 6:37am Nov 4, 2022 6:37am
[quote=pipsofacto;14210256]
Quoting Indiara
{quote} Don't let some lurker get under your skin. You are one of the most refreshing and upbeat posters on this thread and I like your positive attitude!
Thank you!!!
I am neither brave nor stupid...I am just a part time trader
  • #703,850
  • Nov 4, 2022 6:37am Nov 4, 2022 6:37am
Quoting Georginson
{quote} Hello mate, are you trying to say trading prop firm Account is easier than normal funded accounts? To secure funded prop Account is not in anyway easy and to even maintain it after being funded is much harder.. Just asking, no offense meant.
I prefer not to discuss such things here with most here.

It may not be their cake.
Intraday only.
  • #703,851
  • Nov 4, 2022 6:37am Nov 4, 2022 6:37am
...below are some (not all) scenarios re upcoming NFP, in no particular order;

a. Good > forecast/last time's headline #, upside revision on last month's, and un-emp rate stays the same - likely $ strength.
b. As above, higher than forecasts but below last month's #- likely $ strength.
c. Weak number < forecasts and last mth's, and un-emp rate goes above last mth - likely $ weakness.

Anything can happen, trade what you see (or not.)
Trader with an Edge.
  • #703,852
  • Nov 4, 2022 6:45am Nov 4, 2022 6:45am
Quoting navk
{quote} Some people ask for trading calls. They think it is easier to copy the trades. Eventually when one day loss occurs they blame. Infact I received one private message from one of the member here asking my advice . The member said his trade calls were followed by another member in this thread and when the trades went in loss, account blown. Some 1k or so.. The member said the person who lost asking for compensation. Such is the knowledge base here with some people. So, stay away from giving trading calls even if he is in your buddy list.
A person who lacks courage is always looking to blame others for his own mistakes.
That's why they seek to copy other people's trades, so that if it was wrong, they would blame that person, not themselves, who don't try & study.
The reason for human growth is that they do not accept that they should be responsible for all aspects of their lives, otherwise they will not grow
It is difficult to have courage . sometimes the price of this courage is studying hard day & night. Sometimes you need to skip your rest & recreation to get stronger
Thanks for your friendly advice mate
I hope you shine as always
There is nothing wrong with being kind & loving to each other
  • #703,853
  • Nov 4, 2022 6:46am Nov 4, 2022 6:46am
Quoting RaHaG0D
{quote} A person who lacks courage is always looking to blame others for his own mistakes. That's why they seek to copy other people's trades, so that if it was wrong, they would blame that person, not themselves, who don't try & study. The reason for human growth is that they do not accept that they should be responsible for all aspects of their lives, otherwise they will not grow It is difficult to have courage . sometimes the price of this courage is studying hard day & night. Sometimes you need to skip your rest & recreation to get stronger...
Thanks RaHa.

Intraday only.
  • #703,854
  • Nov 4, 2022 6:47am Nov 4, 2022 6:47am
...can you imagine if Navk did give live calls and someone started following him y/day? Would they really have followed him today when he recovered those losses and more? I doubt it. Apart from developing a dependency, anyone following anothers' calls here do so blind, and probably skip from one trader's live calls to another.

Do they know the live trade callers' critical stats,? ie winning rate/biggest winner/biggest loser/average winner/average loser/longest consec losing run (LLR)/longest consec winning run (LWR)/% chance of various LLR/% chance of various LWR's etc etc.. They almost certainly will not know these because they haven't worked them out from past live calls made, before deciding to act on that trader's live calls, and/or because that trader hasn't published them and probably doesn't even know them and more stats that I won't go into here, that help a trader to trade an edge to it's optimum performance, not least re money and risk management. They are also at a disadvantage by having a lag on live calls by having to refresh the browser to get new posts.

So really what is achieved by calling live for others? Very little I suspect.
Trader with an Edge.
  • #703,855
  • Nov 4, 2022 6:48am Nov 4, 2022 6:48am
Quoting dantpm
{quote} RaHaGOD, please don't pray for it to rain gold on me. I would be happy to find it in my bank account, safety deposit box and so on. Far less painful than raining down on me.
The meaning of my prayer is that you will be successful & rich I pray for you separately that your bank accounts and... will be drowned in gold
There is nothing wrong with being kind & loving to each other
  • #703,856
  • Nov 4, 2022 6:49am Nov 4, 2022 6:49am
Quoting Headland
...can you imagine if Navk did give live calls and someone started following him y/day? Would they really have followed him today when he recovered those losses and more? I doubt it. Apart from developing a dependency, anyone following anothers' calls here do so blind, and probably skip from one trader's live calls to another. Do they know the live trade callers' critical stats, ie winning rate/biggest winner/biggest lower/average winner/average loser/longest consec losing run (LLR)/longest consec winning run (LWR)/% chance of various LLR/% chance...
Intraday only.
  • #703,857
  • Nov 4, 2022 6:52am Nov 4, 2022 6:52am
Quoting Indiara
{quote} That is a very good point. In fact I think I may have asked your advice because I was contacted by someone who blew his account and was asking me for money. I had never had any contact with that person and I don't think that he was following my trades which caused his account to die. Even if it was, he didn't ask me or advise me that he was copying my trades, and if he had done so, I would have told him "You enter the trade on your account, not me. I have no responsibility to you for your losses." There are many good reasons to make live...
I no longer accept private messages here or shouts on my profile. I don't want anyone's money. I don't want to trade any else's account. I don't want to mentor anyone. etc etc...
Trader with an Edge.
  • #703,858
  • Nov 4, 2022 6:53am Nov 4, 2022 6:53am
Quoting Headland
...can you imagine if Navk did give live calls and someone started following him y/day? Would they really have followed him today when he recovered those losses and more? I doubt it. Apart from developing a dependency, anyone following anothers' calls here do so blind, and probably skip from one trader's live calls to another. Do they know the live trade callers' critical stats,? ie winning rate/biggest winner/biggest loser/average winner/average loser/longest consec losing run (LLR)/longest consec winning run (LWR)/% chance of various LLR/% chance...
You know what.

Pat is excellent trader here. I can see his success through his posts.

I prefer not to take his trades ( calls ) for myself... but what I take from him is great Inspiration.
Intraday only.
  • #703,859
  • Nov 4, 2022 6:54am Nov 4, 2022 6:54am
Quoting Indiara
{quote} That is a very good point. In fact I think I may have asked your advice because I was contacted by someone who blew his account and was asking me for money. I had never had any contact with that person and I don't think that he was following my trades which caused his account to die. Even if it was, he didn't ask me or advise me that he was copying my trades, and if he had done so, I would have told him "You enter the trade on your account, not me. I have no responsibility to you for your losses." There are many good reasons to make live...
Thats why i dont post many charts, if i get it wrong i lose my own money. I dont want someone following my charts. if they did and i get it wrong they could kill account easily if they dont respect risk
  • #703,860
  • Nov 4, 2022 6:56am Nov 4, 2022 6:56am
Quoting T721
{quote} Thats why i dont post many charts, if i get it wrong i lose my own money. I dont want someone following my charts. if they did and i get it wrong they could kill account easily if they dont respect risk
I get what you mean, but I post 'information,' but what others' do with it, I don't give a shit. It's up to them. We all make our own decisions and should be responsible for them.
Trader with an Edge.
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