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Cable Update (GBPUSD)

  • #703,961
  • Nov 4, 2022 9:06am Nov 4, 2022 9:06am
Quoting Headland
...approaching that prev 1hr sw hi zone = prev res = pot rbs ------------------------------------------------------------------------ ..anyone get the whole reversal candle closing outside 20bol - this time on 15min? The close is the trigger for entry on these. This time with regular bearish div not osc extr's. 15min below {image}
Found fresh demand after the 1st pullback from current dly hi in that zone around the 38.2% of the move up today...nice 3min bullish hidden div-based scalp.

EDIT: new current dly hi achieved from the set-up.

Have a good w/e.

1hr below
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Trader with an Edge.
  • #703,962
  • Nov 4, 2022 9:09am Nov 4, 2022 9:09am
Quoting TwFXtrader
{quote} i would say the best decision for me is stop coming here overall, i only make like 400 post in 7 years because everyone's trading style is different and i end up t
Double rading without using any indicators at all best decision ever. i have turned 1k - 400k in one week without using anything from forexfactory Also do not trade demo account for more than a month!!!! very important trade with real money please demo account is a waste of time i still get nervous seeing thousands going up and down every minute . you won't feel that with demo...
Doubling account on every trade ?
COT: The precious data ignored
  • #703,963
  • Nov 4, 2022 9:09am Nov 4, 2022 9:09am
I am just posting 1 min chart.

After rise above pivot... after NFP... the price has to move up again... but has to retrace a bit.

The retrace has been supported clearly at 200 ema in 1 minute chart and then moved up.

All happening in line with technicals.
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Intraday only.
  • #703,964
  • Nov 4, 2022 9:09am Nov 4, 2022 9:09am
Quoting suhas316
Buy GU {image}
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!! Radha Radha !!
  • #703,965
  • Nov 4, 2022 9:12am Nov 4, 2022 9:12am
GBPUSD is falling a little bit. Most likely next week there will be a rise to a level of 1.16030.
  • #703,966
  • Nov 4, 2022 9:12am Nov 4, 2022 9:12am
ok guys, time to have pleasures.

Going out for lunch with family and friends.
Intraday only.
  • #703,967
  • Nov 4, 2022 9:12am Nov 4, 2022 9:12am
Decision time is coming...
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #703,968
  • Nov 4, 2022 9:17am Nov 4, 2022 9:17am
Quoting suhas316
Buy GU {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-11-04-19-46-37-75_47156649b070b5878ed30c05d64ec18b.jpg Size: 386 KB
!! Radha Radha !!
  • #703,969
  • Nov 4, 2022 9:22am Nov 4, 2022 9:22am
Quoting TwFXtrader
{quote} i would say the best decision for me is stop coming here overall, i only make like 400 post in 7 years because everyone's trading style is different and i end up trading without using any indicators at all best decision ever. i have turned 1k - 400k in one week without using anything from forexfactory Also do not trade demo account for more than a month!!!! very important trade with real money please demo account is a waste of time i still get nervous seeing thousands going up and down every minute . you won't feel that with demo i wasted...
1k to 400K one week ?!
what the fuck LOL.
wow excellent results.. not sure i can stand my nerves with this trading style
  • #703,970
  • Nov 4, 2022 9:24am Nov 4, 2022 9:24am
Quoting Whale
{quote} 1k to 400K one week ?! what the fuck LOL. wow excellent results.. not sure i can stand my nerves with this trading style
Its legendary for sure

You have to double your account less than 9 times in a row, doubling it 2 times a day with high leverage is not impossible

You need nerves of steel though
COT: The precious data ignored
  • #703,971
  • Nov 4, 2022 9:27am Nov 4, 2022 9:27am
all out !!!!
nice day for me
after choppy movement before the nfp
i went short , long short , long , and it looks like
it going to drop after a false bulls trap , that turned to be a bears trap
i was short and with 50 $ in profit and then it all wipe away with a massive move up ,
i was able to switched to long at be , and not stay and get burned like i always do
1 move up with eu , and after the retracement with gu , and i am the happiest man in the world
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yes yes yes
  • #703,972
  • Nov 4, 2022 9:29am Nov 4, 2022 9:29am
Quoting TwFXtrader
{quote} i would say the best decision for me is stop coming here overall, i only make like 400 post in 7 years because everyone's trading style is different and i end up trading without using any indicators at all best decision ever. i have turned 1k - 400k in one week without using anything from forexfactory Also do not trade demo account for more than a month!!!! very important trade with real money please demo account is a waste of time i still get nervous seeing thousands going up and down every minute . you won't feel that with demo i wasted...
Yes, everyone's trading style is really different. I myself do scalp trades with very high lots. The problem is that someone may see a signal that is long-term and enter with a very large lot and lose the entire account with a little movement of the market.
or the entry is delayed and the signal is over. Unfortunately, there are many ignorant people.
Losing an account is one of the requirements of this job. should be accepted Whoever does not accept, the market will tell him
As for whether the demo account is good or bad, it all depends on the person. If it has a favorable business system or an idea, it is not bad to test it on a demo, and of course, because there are no emotions involved, it may have more damage in long-term use.
This is an issue that everyone should deal with. My teacher is very skilled and can control his emotions so well that sometimes he forgets to check if it is a demo or real account He just loves to trade with his principles
There are many unclear answers to many questions. That's why discussions never end
There is nothing wrong with being kind & loving to each other
  • #703,973
  • Nov 4, 2022 9:34am Nov 4, 2022 9:34am
Quoting kuroro001
{quote} Its legendary for sure You have to double your account less than 9 times in a row, doubling it 2 times a day with high leverage is not impossible You need nerves of steel though
i dont know how he done that, absolutely incredible.
But really i will never try it or think of trying to do that.
I used to.. in my first days as fx trader, i burned my account twice a week (never trade demo)

It has been proven, trading is a marathon, not sprint.
  • #703,974
  • Nov 4, 2022 9:36am Nov 4, 2022 9:36am
Quoting Whale
{quote} 1k to 400K one week ?! what the fuck LOL. wow excellent results.. not sure i can stand my nerves with this trading style
i would say that's life ,
i did lose a lot of accounts but my strat i use i will always make it back because i risk so little
(just money management lol ) i am not a good trader i just know when you go in
luck timing does really play a huge role, that's why patience is important.
and few good trades with exponential growth is crazy
best time to do so is on a trend when it dips you buy and have super tight stop lost



i was lucky and made the most perfect trade possible my first 10-20 trades are all wins
exponential growth with consecutive wins is crazy
I was having a hard time breathing when I trade that's the hardest part

so when my account grow my lot size grow
with my trading style 1k account i use 1-2 lots depends on where my entry is
for 10k account i use 10 lot size
100k use 100 lot size
  • #703,975
  • Nov 4, 2022 9:37am Nov 4, 2022 9:37am
Quoting Headland
{quote} Absolutely. I refer always to 'pot' (potential) supp/res/sbr/rbs. Just because an area/level/zone saw supp or res in the past, doesn't mean it will in the future if tested again. I only decide the probability of break or bounce once price reaches it, based on PA and 2 other studies across however many t/f's as appropriate for that unique individual occasion, per the rules of my edge.
Headland, I do the same but many traders here don't wait for confirmation of reversal. I'm not saying it's wrong only that doesn't suit me. I need to see PA that the level/zone on my trigger TF has the chance to hold.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #703,976
  • Nov 4, 2022 9:37am Nov 4, 2022 9:37am
Quoting Whale
{quote} i dont know how he done that, absolutely incredible. But really i will never try it or think of trying to do that. I used to.. in my first days as fx trader, i burned my account twice a week (never trade demo) It has been proven, trading is a marathon, not sprint.
It is crazy yes, the dude is very good

But from his TE he is scalping A LOT, bagging so many pips all the time. Some very good scalping EA i guess

For GU,if you check it, you can do 20/40 (SL/TP) trade, doubling every 40 pips, losing half 20 pips. It is achievable as there are so many trade setup giving you 40 pips without losing 20

I guess its more mental here than technical
COT: The precious data ignored
  • #703,977
  • Nov 4, 2022 9:41am Nov 4, 2022 9:41am
GU

Waiting fro scalp N3.
Quick scalp as it is Friday.
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #703,978
  • Nov 4, 2022 9:45am Nov 4, 2022 9:45am
Quoting TwFXtrader
{quote} i would say that's life , i did lose a lot of accounts but my strat i use i will always make it back because i risk so little (just money management lol ) i am not a good trader i just know when you go in luck timing does really play a huge role, that's why patience is important. and few good trades with exponential growth is crazy best time to do so is on a trend when it dips you buy and have super tight stop lost i was lucky and made the most perfect trade possible my first 10-20 trades are all wins exponential growth with consecutive...

Hello TwFXtrader.

It's amazing to know about your trading performance ,yes you've been lucky but take my advice my friend it's too much risk that could've ruined your entire account.

Anyway keep up the good work.

Thanks
I always knew that someday I would make it big
  • #703,979
  • Nov 4, 2022 9:46am Nov 4, 2022 9:46am
Quoting Georginson
Sold at 1.1238 to hedge buy at 1.1365.. will wait for either 1.1100 or 1.1360 to close either trades...
I expect bullish halt at 1.1388 area for some correction back to 1.1300. I will close my buy hedge at 1.1380 instead and wait.
Data + Stat + Risk/Emotions Management
  • #703,980
  • Nov 4, 2022 9:48am Nov 4, 2022 9:48am
I see a lot of emphasis placed on live trades, of late in this forum. To be honest I cannot give a sh!t if you place hindsight, foresight or futuristic trades or just like to socialize or post funny pictures. We are all here for different reasons. My reasons from the onset were to keep a journal of my trades for hindsight scrutiny. I have in all the years here in this forum found a group of guys that I like to follow though, and its always good to know that we have the same thinking process. Scalping, medium term, long term. There is always a place for anyone in this market and here at FF. Do not feel intimidated if anyone calls you out for for sharing your trade results in hindsight. For me it is a pleasure to see someones trading results even if the trades were not shared in real time. It tells me that us small guys can also make it in this forex abyss. Be careful of the ones that lure you into private chat, telegram groups and so forth. When you are asked to part of your cash, be wary.
All in all Forex factory is free for all and do as you please. Do not let anyone tell you otherwise.
Cheers Folks.
Trade to trade another day
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