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Cable Update (GBPUSD)

  • #704,201
  • Nov 5, 2022 10:14am Nov 5, 2022 10:14am
I can see more upside in this 4th q
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MY OPINION NOT FINANCIAL ADVISE
  • #704,202
  • Nov 5, 2022 10:31am Nov 5, 2022 10:31am
Quoting navk
{quote} Exhaustion happens sometimes in trading for loss and sometimes in forum. Exhaustion In forum happens due to fighting, using ignore buttons , unwanted bragging, pulling down members.... much more. One must enjoy posting , improve friendship, having fun make a person to feel easy. When lost, try be cool and do not show anger on others. If u can not maintain this , take rest some days from forum. Come back with free mind. When I see such things in the forum, I get annoyed and prefer to take rest.
Happened to me. I first tried forex in 2008. After losing my money then, I stopped and only return two months ago.

Took a long time to shake off the negative thoughts.
"No trade is still a trade." - Peter Borish
  • #704,203
  • Nov 5, 2022 11:00am Nov 5, 2022 11:00am
Quoting Lbrto
{quote} Happened to me. I first tried forex in 2008. After losing my money then, I stopped and only return two months ago. Took a long time to shake off the negative thoughts.

why did you lose money? And why do you think losing the money affected you like this?

thanks
How to succeed in zero sum game?
  • #704,204
  • Nov 5, 2022 11:04am Nov 5, 2022 11:04am
Quoting Lbrto
{quote} Happened to me. I first tried forex in 2008. After losing my money then, I stopped and only return two months ago. Took a long time to shake off the negative thoughts.
Welcome back! I wish you good luck this time.
  • #704,205
  • Nov 5, 2022 11:09am Nov 5, 2022 11:09am
Quoting PriceisKing
{quote} Welcome back! I wish you good luck this time.
thanks!
"No trade is still a trade." - Peter Borish
  • #704,206
  • Nov 5, 2022 11:12am Nov 5, 2022 11:12am
Quoting thevisitor
Hello, my view:{image}
Hello,
i think it's still valid
any sugestions?
Target 1.1950...1.20
Thank you
  • #704,207
  • Nov 5, 2022 11:16am Nov 5, 2022 11:16am
Let's be realistic, the reason most people that give up trading give up is because they are not profitable at it. Yes some give up because they find they don't like it and what it involves -versus- whatever else they could be doing for a living, but most give up because they can't get it to work for them from a financial cold hard cash point of view. I don't know whether Wolf falls into the former or later category, but presumably those who in subsequent posts to Wolf's intimated they too were having to/might have to soon think again about carrying on trading, are doing so because the financial reward they have been able to extract so far doesn't make it a viable longer term occupation for them.

When you add up the number of hours you spend at the screen during a typical week/month and divide it into the monetary gain you have made is it more or less than you could get going out to work in your chosen career? If the answer to this is no then you may want to think again unless of course you are happy with this situation. You may have a plan to scale up if that is what you want to do. There will be some still on the steepest part of the learning curve who are maybe not yet consistently/reliably profitable but have a timed plan to achieve x or y, and that too is ok.

Wherever you find yourself, just have a plan, and make it a timed plan with dates and goals, - not open-ended. It is fine to fail at something because there are so many other things one can do to make a living.
Trader with an Edge.
  • #704,208
  • Nov 5, 2022 11:19am Nov 5, 2022 11:19am
Quoting thevisitor
{quote} Hello, i think it's still valid any sugestions? Target 1.1950...1.20 Thank you
I want to chip in my two cents but I have just started learning Elliot...
"No trade is still a trade." - Peter Borish
  • #704,209
  • Nov 5, 2022 11:23am Nov 5, 2022 11:23am
Quoting Headland
Let's be realistic, the reason most people that give up trading give up is because they are not profitable at it. Yes some give up because they find they don't like it and what it involves -versus- whatever else they could be doing for a living, but most give up because they can't get it to work for them from a financial cold hard cash point of view. I don't know whether Wolf falls into the former or later category, but presumably those who in subsequent posts to Wolf's intimated they too were having to/might have to soon think again about carrying...
Great Post.....for me everything in moderation spent whole of October trading, but gets to me in the end, back to work in November then see how I feel, can still trade in the evenings, it's about getting the right balance that suits you ...
  • #704,210
  • Nov 5, 2022 11:25am Nov 5, 2022 11:25am
Quoting Waveskierrob
Love Saturday trading... {image}
Wow, how did you do this?
  • #704,211
  • Nov 5, 2022 11:26am Nov 5, 2022 11:26am
For almost a year now, I've been observing a correlational connection, which has not been broken to this day.
I'm switching to this trade, I've had enough of the many stupid strategies.
  • #704,212
  • Nov 5, 2022 11:31am Nov 5, 2022 11:31am
Quoting Headland
Let's be realistic, the reason most people that give up trading give up is because they are not profitable at it. Yes some give up because they find they don't like it and what it involves -versus- whatever else they could be doing for a living, but most give up because they can't get it to work for them from a financial cold hard cash point of view. I don't know whether Wolf falls into the former or later category, but presumably those who in subsequent posts to Wolf's intimated they too were having to/might have to soon think again about carrying...
Great post. Also for people who are not doing well read prev posts I posted. Don't fall for the gurus and jackulls in trading world. They don't know how to do sh*t. The way the sell themselves only creates false expectations in trading. And newbies fall for that and fail, fail miserable. tbh books will teach you more trading than someones youtube channel on a private island

Have a great weekend everyone!
How to succeed in zero sum game?
  • #704,213
  • Nov 5, 2022 11:35am Nov 5, 2022 11:35am
Quoting thevisitor
{quote} Wow, how did you do this?
The magic of just posting results, reckon will do the same tomorrow
  • #704,214
  • Nov 5, 2022 11:54am Nov 5, 2022 11:54am
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...

A small follow-up to the whole situations and I'm not attacking or trying to put anyone down but to show a real life example of behaviour that I'm trying to explain. Now go to your charts and look to what happened to all these pairs that this dude "invested" his money in? Is this normal?

This is not trading. This situation is the reason why I got triggered on the 400k fake money guy in the first place. Even if he did 400k in one week he probably lost it all by now and is even in shittier place atm.

Do not listen to the people who are gambling. This guy who "invested" everything for quick gains MOST LIKELY have been watching fake guys trade and making fake money. In real life it doesn't happen very often. Sometimes it might but it's very very small percentage. And not sustainable. Please get over your laziness and study up and trade DEMO money until you feel comfortable with your strategy. If you are trying to trade to gain some kind of feeling then sorry but you are just addicted bro. Run before you ruin your life. It's hard work. It takes time and study to get somewhere. The faster you drop all this fake wonderland the faster you'll get to results.

IF you don't know how or where to begin then in this thread there are plenty of REAL traders who can answer your questions without asking for 200 bucks a month. Just ask questions. Stop with this fake dream wonderland.

Anyways. No hate to anyone. Just a case study to learn from.

GL!
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How to succeed in zero sum game?
  • #704,215
  • Nov 5, 2022 12:26pm Nov 5, 2022 12:26pm
Quoting dempire1
{quote} A small follow-up to the whole situations and I'm not attacking or trying to put anyone down but to show a real life example of behaviour that I'm trying to explain. Now go to your charts and look to what happened to all these pairs that this dude "invested" his money in? Is this normal? This is not trading. This situation is the reason why I got triggered on the 400k fake money guy in the first place. Even if he did 400k in one week he probably lost it all by now and is even in shittier place atm. Do not listen to the people who are gambling....
There is something you can do.
Simply close your eyes and make sure you do not read if some one is posting fake results.
It does not mean ignore button to be pressed.
Just concentrate in your job and try to make friendship with like minded people.
Just ensure you do not talk on fake subject if you feel it is fake.
It is worthless and you will feel exhausted.
Intraday only.
  • #704,216
  • Nov 5, 2022 12:32pm Nov 5, 2022 12:32pm
Quoting navk
{quote} There is something you can do. Simply close your eyes and make sure you do not read if some one is posting fake results. It does not mean ignore button to be pressed. Just concentrate in your job and try to make friendship with like minded people. Just ensure you do not talk on fake subject if you feel it is fake. It is worthless and you will feel exhausted.
there are plenty of worthless topics.

95%
  • #704,217
  • Nov 5, 2022 12:34pm Nov 5, 2022 12:34pm
Pat writes so much of fundamental info and we all know.
I do not read all mostly.
But i make it a point to read his results which makes me awe.
That encourages me so i make it a point to read his results with out a miss.
That helps me and motivates and inspires me frankly.
Intraday only.
  • #704,218
  • Nov 5, 2022 12:43pm Nov 5, 2022 12:43pm
https://www.ig.com/de/indizes/maerkt...ekend%20GBPUSD
greetings from today reality
  • #704,219
  • Nov 5, 2022 1:43pm Nov 5, 2022 1:43pm
Hmmmmmm! I just saw someone unfollowed me because i made a good comment on something RaHaGod posted.

Let make this clear to everyone who maybe concern,

1) I don't care about Red or what ever color of Badges FF will confer on me because of anything, all i care about is respecting myself and making Pips.

2) I don't have a friend or an Enemy here in this forum, moreover if you consider yourself my enemy and still make a good intellectual post that i resonate
with then i will like and comment and clap for you.

3) I won't join your fight and hate on anybody for no reason even if there is a reason, i won't still join because Trading Forex is already stressful enough
so i rather preserve my energy for good things.

4) You following me won't add pips or money to my trading account beacuse am equally studying to be a better trader than i was yesterday so am not
interested about your following.

5) If you feel people are not making money or can't make huge % in shortest time in Fx or they can, then is up to you but i know what i believe and won't
let you corrupt my believe but remember if you can loose your account fast enough then you can also make or grow your account can't Fast enough too.
Also remember in life we have both positive and negative, fast or slow, think about this....

PEOPLE ONCE SAID FLYING PLANE IS NOT POSSIBLE THEY CAME UP WITH ALL MATHMATICAL CALCULATIONS BUT HERE WE ARE TODAY FLYING PLANES.

Cheers.....
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #704,220
  • Nov 5, 2022 2:24pm Nov 5, 2022 2:24pm
Quoting martinez1
Hmmmmmm! I just saw someone unfollowed me because i made a good comment on something RaHaGod posted. Let make this clear to everyone who maybe concern, 1) I don't care about Red or what ever color of Badges FF will confer on me because of anything, all i care about is respecting myself and making Pips. 2) I don't have a friend or an Enemy here in this forum, moreover if you consider yourself my enemy and still make a good intellectual post that i resonate with then i will like and comment and clap for you. 3) I won't join your fight and hate on...
important lesson of life - first God, then family, then friends --

need i say anything else ........
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