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Cable Update (GBPUSD)

  • #704,141
  • Edited Nov 5, 2022 12:02am Nov 4, 2022 8:37pm | Edited Nov 5, 2022 12:02am
Quoting Pat Chiko
{quote} Hi Bro. As we all know Market Maker is both "Buyer and Seller" at the same time. Then then pass it on to FXMarketSpace. (A joint venture, CME and Reuters will pool their expertise in data dissemination, distribution, trade matching and central counterparty clearing services). They collect all order and pass it to bigger market, such as Institutional Trading House, hedge fund manager, banks and casino. FXMarketSpace is expected to operate alongside existing electronic transactional systems including Reuters Dealing 3000 for interbank trading,...
Hi masta Pat,
Thank you for clarification.. appreciate it.

Your call for 1.1270 (you seem like very sure)
and 1.1370 ( I think you were unsure with this level but if the price break the balance level it can hit that level)..
This make me wondering and study overnight how you get that level..

I come to conclusion that you are using balance cycle method (not sure what to call the method) to predict the future of the price..

If yes, can I pm u the detail or can I ask here..

Or I'm totally wrong....

1.1285 is the prev. Balance cycle level (cycle already balance when price moving between 1.1500 - 1.1150). we are at new cycle price will try to test 1.1645 at least. Break above trendline will confirm a move to upper side.
1.1150 are critical level for continuation to above. Break this level, I think new balance level will be print at lower side and resume down trend .
By looking at candlestick formation, buying momentom are too strong. Most likely 1.1645 will be tested next week.

The more me back test, I found out price always balance itself to complete the cycle..
Imbalance sign of reversal or sign of strength/weakness.

Newbie me
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Peace Yo!
  • #704,142
  • Nov 4, 2022 9:31pm Nov 4, 2022 9:31pm
Quoting Chris_35
{quote} Hello there Wolf. I can only wish you the very best of luck for the rest of your life, however you choose to spend it. We have not communicated much to each other, but I have been a keen reader of your posts and your advice. I'm not sure how much longer I will carry on myself, as there is so much else out there to see and to do. When you get to a certain juncture in your life you realise how valuable your time is, so you must weigh up your options and live life. I find that just trading in itself can be very time consuming, yet alone posting...

I'm not sure how much longer I will carry on myself, as there is so much else out there to see and to do. When you get to a certain juncture in your life you realise how valuable your time is, so you must weigh up your options and live life.

Why are you thinking bout leaving. Still trade but just leaving ff ?? are you making , losing or breakeven . Or you just fed up with all the time spent here ? If your not making money for the ammount of hours you put in i can understand that for sure. Do whats right for you, go with your gut instinct
  • #704,143
  • Nov 4, 2022 10:09pm Nov 4, 2022 10:09pm
Quoting TwFXtrader
{quote} yes is USD and no, is way more than 400k i can't show it because you probably can't read numbers and that 400k is in my mothers bank account you can't see it no more holding crypto is probably way easier than trading forex gold is almost like bitcoin is braindead and easy to make money just hold you know there are people out there making 5 million a month promoting gambling right 400k is nothing cool to see
5millies is nothing i once follow a man made over $27m monthly using 55btc intraday futures (back when 1Btc was around 59k) . Followed his journey for almost 20 days then he ghosted everyone. I think My man reach his goal, now he lives his life.
1 thing he did is long his gains in eth/btc. He 3x his gains just doing that
More time in the market, does not mean you trade better!
  • #704,144
  • Nov 4, 2022 10:37pm Nov 4, 2022 10:37pm
Quoting dempire1
{quote} Okay, I'll try to explain again. My english is not the greatest so I believe you are missing my point. I'm not talking about personality types here. I'm talking about trading and behavior. Everyone's trading risk level is different - agreed. Would you risk 100% on your trading account on one trade? Lets say it's 1k? Yes if you don't care about this money and want to just try and flip it. Is this kind of trading sustainable? Lets be honest. Could you live peacefully? Enjoy your mornings, take vacations, own cars, house, kids etc be at peace...
First, I apologize for the late reply because I fell asleep after the last message. I was very tired
I also know very little English & it seems that I did not explain well
This discussion was already discussed in this thread (someone said to someone's achievements that this account, which has grown so much in this short period of time, is a demo and... it is not possible to grow so much...)
I said it there and maybe you won't accept it either. I know people who are scalpers and work 2-5 pips & their total daily trades are over several million dollars!!!! An example is my teacher who is currently having fun on his own private island & is the calmest, kindest, happiest and richest person I know. I learned market psychology and even meditation from him!!!!
Why do you think that someone who trades with many lots & few pips is gambling.....maybe there is a skill that we blame others because we did not achieve it. As always, don't look for weakness.
Not everyone is the same.
Maybe they can, and I think it's great, and I myself sometimes have such transactions, not too often, because I'm working on my skills and this will be my trading future & I am very calm, happy & enjoying my life
Trades, whether long or short, have nothing to do with life & peace, family & happiness
There is nothing wrong with being kind & loving to each other
  • #704,145
  • Nov 4, 2022 10:47pm Nov 4, 2022 10:47pm
Quoting martinez1
{quote} God bless you for this reply...... Cheers
There is nothing wrong with being kind & loving to each other
  • #704,146
  • Nov 4, 2022 10:55pm Nov 4, 2022 10:55pm
Quoting RaHaG0D
maybe there is a skill that we blame others because we did not achieve it. As always, don't look for weakness. Not everyone is the same.
Beautiful words
I am neither brave nor stupid...I am just a part time trader
  • #704,147
  • Nov 4, 2022 11:01pm Nov 4, 2022 11:01pm
Quoting Indiara
{quote} Beautiful words
There is nothing wrong with being kind & loving to each other
  • #704,148
  • Nov 4, 2022 11:11pm Nov 4, 2022 11:11pm
4.10am in Edinburgh. Goodnight all
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  • #704,149
  • Nov 4, 2022 11:16pm Nov 4, 2022 11:16pm
Quoting T721
4.10am in Edinburgh. Goodnight all {image}
I have been sleeping all sorts of strange hours. Even if I sleep for 10 hours, after 2 hours awake, I can sleep for another 4 hours. This is crazy.

I hope you have a peaceful sleep and good rest. Stay healthy and smile a lot
I am neither brave nor stupid...I am just a part time trader
  • #704,150
  • Nov 4, 2022 11:38pm Nov 4, 2022 11:38pm
Quoting mrluckystar
{quote} Hi masta Pat, Thank you for clarification.. appreciate it. Your call for 1.1270 (you seem like very sure) and 1.1370 ( I think you were unsure with this level but if the price break the balance level it can hit that level).. This make me wondering and study overnight how you get that level.. I come to conclusion that you are using balance cycle method (not sure what to call the method) to predict the future of the price.. If yes, can I pm u the detail or can I ask here.. Or I'm totally wrong.... 1.1270 is the prev. Balance cycle level (cycle...
Hi luckystars..
The box indi on your chart what it is called...
Using Chaos to Finding Order
  • #704,151
  • Nov 4, 2022 11:43pm Nov 4, 2022 11:43pm
Quoting Pram808
{quote} Hi luckystars.. The box indi on your chart what it is called...
The box is not Indi..
Manually draw
Peace Yo!
  • #704,152
  • Edited 5:30am Nov 5, 2022 12:05am | Edited 5:30am
Quoting RaHaG0D
{quote} First, I apologize for the late reply because I fell asleep after the last message. I was very tired I also know very little English & it seems that I did not explain well This discussion was already discussed in this thread (someone said to someone's achievements that this account, which has grown so much in this short period of time, is a demo and... it is not possible to grow so much...) I said it there and maybe you won't accept it either. I know people who are scalpers and work 2-5 pips & their total daily trades are over several million...
Nope it is achieveable since the trading does not consist of currency only but also indices cfds. Turning $1k into $200k/$400k is achievable by some traders who are really good in cfds but the problem is you can go $400k in debt also.
More time in the market, does not mean you trade better!
  • #704,153
  • Nov 5, 2022 12:07am Nov 5, 2022 12:07am
Quoting TheWolf
Fellas! I have grown tired of artificial world of internet. I admit, I don't feel the way I want to lately. Understand that this isn't the way I want to spend my time here anymore. With one job I already have, keeping it all together with trading included is taking almost all of my free time and energy and very often feel tired. Too tired to actually live and experience the real part of life. Hence, I made a decision to abandon active role on this forum and on the internet as a whole. I think I have had enough. I served my time on internet,...
I can understand how you feel. Me As a newbie trader, I feel exhausted after last 3 months, time passes soon, feel like getting addicted to something. My plan is spend full time to learn trading skills for a period of time, and after that I would do time management, maybe only few hours a day trading. I'm not greedy just few profit I can be satisfied.

You're an experienced trader with enthusiasm. I like your style sincere dedicated, clever , sarcastic , talented ...

Hope I can see you around here someday when you casually want to post. FF is a place to give and take , kind of like offering psychological support. It's good to have comminication and trading information during risky live trade time.

Best Wishes for you
  • #704,154
  • Edited 6:05am Nov 5, 2022 12:58am | Edited 6:05am
Quoting Pat Chiko
GU Thinking of the logic of this set up. How NFP will come to play tomorrow. Need to know what Baily going to do to when he create biggest recession since time began...{image}
Here are your post call before nfp ... That level (1.1100) is the final level to complete the cycle balance before start new cycle. After almost hit that level, price fly high to balance level (1.1270 & 1.1370).... 1.1100 is the target.. but only go to 1.1150 (sign of bull momentum)...

IHope I can allign with you better on trading call near future...

In accounting they always said about "balance sheet", this make me wonder if the term apply in forex too?


Newbie me
Peace Yo!
  • #704,155
  • Nov 5, 2022 1:01am Nov 5, 2022 1:01am
Quoting Fardeen1209
{quote} 5millies is nothing i once follow a man made over $27m monthly using 55btc intraday futures (back when 1Btc was around 59k) . Followed his journey for almost 20 days then he ghosted everyone. I think My man reach his goal, now he lives his life. 1 thing he did is long his gains in eth/btc. He 3x his gains just doing that
that's life
i understand man you never know what's possible until you know or hang out with people who are doing some crazy shit.

holding eth and BTC is just brainless
why daytrade when you can just dump millions into eth/BTC
wait for a few year and let it 2-10x

that's why people who made a ton of money don't day trade they just end up holding
  • #704,156
  • Nov 5, 2022 1:57am Nov 5, 2022 1:57am
Quoting TwFXtrader
{quote} that's life i understand man you never know what's possible until you know or hang out with people who are doing some crazy shit. holding eth and BTC is just brainless why daytrade when you can just dump millions into eth/BTC wait for a few year and let it 2-10x that's why people who made a ton of money don't day trade they just end up holding
Millions into BTC or ETH - seriously and you are advising traders how to be smart
Trading thin liquidity at the boundary of the charts
  • #704,157
  • Edited 2:50am Nov 5, 2022 2:33am | Edited 2:50am
I got banned from one of the delta trading threads after asking the self proclaimed guru there you are so smart and everyone else is stupid then you are a millionaire.?
because you are the very smart one.

but what is strange is that I also trade with delta.
dictatorship.
  • #704,158
  • Nov 5, 2022 2:38am Nov 5, 2022 2:38am
Apart from reading articles and watching interviews, i watch/listen movies too while waiting for setups:

Inserted Video
"Exchange of hands"
  • #704,159
  • Nov 5, 2022 3:00am Nov 5, 2022 3:00am
My next two weeks trading plan.

focus on 1.1 (could be deeper to 0.95)
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  • #704,160
  • Nov 5, 2022 4:11am Nov 5, 2022 4:11am
Quoting Whale
My next two weeks trading plan. focus on 1.1 (could be deeper to 0.95) {image}
hope it'll work out for you:
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