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Cable Update (GBPUSD)

  • #706,181
  • Nov 10, 2022 3:52pm Nov 10, 2022 3:52pm
Quoting BeeTogether
{quote} 500? Be interested to see if we are going to see a drop below 116 first before 11780
Hi mate, we are already @ 107% 13wk awr this week lo-hi, but conversely; the dly candle is going to close very bullishly for me in a few mins (gmt+2 dly candle) and this at least implies upside follow thru at some point, even after a pullback.
Trader with an Edge.
  • #706,182
  • Nov 10, 2022 3:53pm Nov 10, 2022 3:53pm
Quoting elbert3
1757 area targeted
elbert3, yes, extensions can kill an account if we are not aware of them.
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Always trade your own plan...I don't provide trading signals.
  • #706,183
  • Nov 10, 2022 3:55pm Nov 10, 2022 3:55pm
Quoting Pat Chiko
{quote} May be she want to do this stunt tomorrow......{image}
We are allign for 1.1820/30...
Peace Yo!
  • #706,184
  • Nov 10, 2022 3:59pm Nov 10, 2022 3:59pm
...funny enough I just closed out a short for a lousy +10 based on the stuff in my post above. Gmt+2 dly candle indeed closes as a 382pip long bullish thrust engulf of the previous 2 candle bodies on that t/f, having broken above the last 2 swing hi's too. Wowser!!

dly below
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Trader with an Edge.
  • #706,185
  • Nov 10, 2022 4:02pm Nov 10, 2022 4:02pm
Quoting BeeTogether
{quote} 500? Be interested to see if we are going to see a drop below 116 first before 11780
That's the dicey part, but obviously, price will get either zone first.
Data + Stat + Risk/Emotions Management
  • #706,186
  • Nov 10, 2022 4:03pm Nov 10, 2022 4:03pm
Careful. Watch what Asia does tonight. If they sell, please keep your buys for next week. If they sell this will fall all day tomorrow. Good move today for bulls. I will watch to see what happens tonight and follow accordingly, but it appears to me that everything is so over extended.

Anybody with a gap on the 15min during that mad rush to the upside?
  • #706,187
  • Nov 10, 2022 4:23pm Nov 10, 2022 4:23pm
Quoting Mitiblotch
Careful. Watch what Asia does tonight. If they sell, please keep your buys for next week. If they sell this will fall all day tomorrow. Good move today for bulls. I will watch to see what happens tonight and follow accordingly, but it appears to me that everything is so over extended. Anybody with a gap on the 15min during that mad rush to the upside?
There is a gap at 1.1411 spaced to 1.1507 on 15 minutes time frame.
Data + Stat + Risk/Emotions Management
  • #706,188
  • Nov 10, 2022 4:34pm Nov 10, 2022 4:34pm
Good night folks have set a TP to 11580 on my short potentially a correction day tomorrow
Insane in the Brain..
  • #706,189
  • Nov 10, 2022 4:42pm Nov 10, 2022 4:42pm
Quoting Coreg2004
{quote} elbert3, yes, extensions can kill an account if we are not aware of them. {image} {image}
Best be aware of all things that’s why I leave old tl on . They come back sometimes . Without them one could wonder 1.. why here no s/r ..2… no fib number .. so yes old tl .. regards E
  • #706,190
  • Nov 10, 2022 4:55pm Nov 10, 2022 4:55pm
Sold
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #706,191
  • Nov 10, 2022 5:05pm Nov 10, 2022 5:05pm
crazy market movement what a good year to trade
  • #706,192
  • Nov 10, 2022 5:17pm Nov 10, 2022 5:17pm
Quoting TwFXtrader
crazy market movement what a good year to trade
oh yea. Will you share your strategy? I wanna learn
How to succeed in zero sum game?
  • #706,193
  • Edited 5:46pm Nov 10, 2022 5:32pm | Edited 5:46pm
Quoting dempire1
{quote} oh yea. Will you share your strategy? I wanna learn
my win rate is below (30%) probably not accurate there is a lot of factor to it
i make a lot of random trades because i'm bored
when you lose a trade think to yourself, how i can do it better next time?
my strategy is to find an entry point at that I can risk very little using a tight stop loss,
my risk vs reward is way above 1:10 (its all money management )
if I risk 10 pip I will try to make 100 pip or more (gbpjpy and gold)
I can have a low win rate and still make money in the long run
i sometimes lose a lot but i will always make it back no matter what
because know i there are always times when I can risk 10-20 pips and make 100-200 pips


if I do anything that's below 1:5 is just not worth it for me
let's say I risk 1 and made 11 , I just made 10 back
that means I can use that 10 to make 100 (or split it to 1*10 again)
it's not that hard to find a 1:10+ risk vs reward setup
just look at gold the past 2 weeks
you can literally risk 20 pips and make 400 pip + just by buying back dip when is going sideways
i did it 3 times because gold can go up 1600pips when the time is right, if you check the history of the chart
pattern repeats

find an entry that you think will take a couple of days or weeks to hit your stop loss
if you look at every chart there is always a point in time when it breakout /trending it will take weeks or months to turn back to where it's at
  • #706,194
  • Nov 10, 2022 5:42pm Nov 10, 2022 5:42pm
Quoting Georginson
{quote} There is a gap at 1.1411 spaced to 1.1507 on 15 minutes time frame.
Great! I have the same gap oh my chart.
  • #706,195
  • Nov 10, 2022 5:43pm Nov 10, 2022 5:43pm
Quoting TwFXtrader
{quote} my win rate is below (30%) probably not accurate there is a lot of factor to it i make a lot of random trades because i'm bored when you lose a trade think to yourself, how i can do it better next time? my strategy is to find an entry point at that I can risk very little using a tight stop loss, my risk vs reward is way above 1:10 (its all money management ) if I risk 10 pip I will try to make 100 pip or more (gbpjpy and gold) I can have a low win rate and still make money in the long run if I do anything that's below 1:5 is just not worth...
so there is no strategy after all? Luck is all we need. Thanks!
How to succeed in zero sum game?
  • #706,196
  • Nov 10, 2022 5:51pm Nov 10, 2022 5:51pm
Quoting dempire1
{quote} so there is no strategy after all? Luck is all we need. Thanks!
strategy is money management
I'm the unluckiest person so you shouldn't say luck
I have missed out on 1 million dollar trades more than 5 times because of unlucky shit
I would say 10% luck
if you don't show up to check the chart you won't have any luck

and the 200k return yes I was lucky because I showed up
i was up 20 hours a day for the past 2 weeks because i don't want to miss any chances
if I didn't make any trades do you think I can get lucky?
  • #706,197
  • Nov 10, 2022 5:51pm Nov 10, 2022 5:51pm
Quoting dempire1
{quote} so there is no strategy after all? Luck is all we need. Thanks!
He never spoke of luck in his entire writing!

He said he usually finds a great spot where he can risk just 10 pips to always hit 100--200 pips. That shows someone who knows his price structure. He also said sometimes his strategy does not work and he loses a lot, but he makes it back no matter what because he would usually get those beautiful trades that run for hundreds of pips. Again, that's someone who knows what he is doing.

He stats speak for themselves. Luck WILL NEVER EVER EVER EVER give you 226,339% in one month. Never!
  • #706,198
  • Nov 10, 2022 5:54pm Nov 10, 2022 5:54pm
Quoting TwFXtrader
{quote} my win rate is below (30%) probably not accurate there is a lot of factor to it i make a lot of random trades because i'm bored when you lose a trade think to yourself, how i can do it better next time? my strategy is to find an entry point at that I can risk very little using a tight stop loss, my risk vs reward is way above 1:10 (its all money management ) if I risk 10 pip I will try to make 100 pip or more (gbpjpy and gold) I can have a low win rate and still make money in the long run i sometimes lose a lot but i will always make it...
Could you post some charts? I think it won't hurt your 200,000%+ gains if you could post some decent charts.
The market hides a perfect geometry.
  • #706,199
  • Nov 10, 2022 6:02pm Nov 10, 2022 6:02pm
Quoting Mitiblotch
{quote} He never spoke of luck in his entire writing! He said he usually finds a great spot where he can risk just 10 pips to always hit 100--200 pips. That shows someone who knows his price structure. He also said sometimes his strategy does not work and he loses a lot, but he makes it back no matter what because he would usually get those beautiful trades that run for hundreds of pips. Again, that's someone who knows what he is doing. He stats speak for themselves. Luck WILL NEVER EVER EVER EVER give you 226,339% in one month. Never!

haha I hope you believe what you are saying

good luck
How to succeed in zero sum game?
  • #706,200
  • Nov 10, 2022 6:04pm Nov 10, 2022 6:04pm
Quoting FulMargnAlch
{quote} Could you post some charts? I think it won't hurt your 200,000%+ gains if you could post some decent charts.
buy sell both sides with money managing until it favours you?
How to succeed in zero sum game?
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