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Cable Update (GBP/USD) without Idiots 23 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Reda.el
{image}
Mayor reverse to the upside today. I am dragging the Algo with me.
OPPT 1776 UCC 1-308
Quoting Robinhood1
{quote} Mayor reverse to the upside today. I am dragging the Algo with me.
Every thing is possible but not yet for my setup.
REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
Quoting Pat Chiko
{quote} {quote} Hello Walliam, I am still in Singapore and finished my paper about three hours ago. I would like to share some basic insights on how I view supply and demand in conjunction with price action, rather than as a standalone concept. We will be looking at a real-time live example to help you better understand how the law of supply and demand works. However, it typically takes an average trader around five years to fully understand supply and demand. I will try to explain it in one post, but I doubt it will be possible to make anyone fully...
Is this the same Pat Chiko who started a thread a couple weeks before this presentation stating "The Trend Following System is Dead?"
And is he talking about supply/demand? Supply/Demand being a cornerstone of trend reversals and trend continuations and "seeing" big$ accumulation on the charts and riding the big$'s coat tails? The same Supply/Demand he alluded to no longer working because "The Trend Following System is Dead."

Hmm, it almost seems like someone asked him to speak about trends/Supply/Demand so he started that thread so he could get ideas for his presentation. Although he did miss that G/U has been in a sideways channel for 3 months, not 3 weeks.

In fact, it's very interesting that what I wrote on that thread on Feb 15 seems to have become the basis for his presentation:

  1. Feb 15, 2023 10:16pm

  1. CashBox
  2. Joined Jun 2007 | Status: Member | 824 Posts

"It's strange to declare "The Trend Following System is Dead" when we're in a large sideways channel where Supply/Demand has to be chewed through before a new trend can start. It's only been around 3 months. Sideways happens. Markets have been doing this since the beginning of time. So, start yourself your own new trend of trading from top to bottom of the channel until you're wrong and then you'll have a breakout into a new trend. Or, better yet, find something to trade that isn't in a sideways channel and don't crap where others are happy making big $ trading from top to bottom and bottom to top sideways on the larger time frames."

You're welcome for me writing the idea and summary of your presentation. Does anyone have any ideas on what charity ole Pat can make a check out to for my half of his presentation fee?

Also interesting is the poster has not started an actual trading thread since 2013 when he disappeared off of FF only to pop up again in 2021 with threads that seem to only skirt the edges of trading, but no trading system or trading charts to show for his 7 years of absence.

Pardon me for being a tad sarcastic here, but I feel it is disingenuous for someone to take a dump on something that works consistently as a way to ride the big$'s coat tails one day and then give a presentation praising it ten or so days later. Something very off about that.

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Quoting Robinhood1
{quote} Dollar is reversing for most pairs for a few weeks. My 2 cents. Cheers I am dragging the Algo with me next week, usdchf. Flushing the toilet.
Good, please go and sell USD.

good luck
Master your mind. Master Trading.
Quoting KareemAliFx
{quote} Good, please go and sell USD. good luck
Already done on friday. Do not need good luck but thanks anyway, take care.
OPPT 1776 UCC 1-308
Quoting Robinhood1
{quote} Already done on friday. Do not need good luck but thanks anyway, take care.
no I have seen ur under water buys for this pair earlier last week, don’t fool me. I’m ignoring you now , again . Good luck
Master your mind. Master Trading.
Quoting Robinhood1
usdchf short 0.9385 target below 0.9050
Yes, i already said last week i am short usdchf. You sound like another corporative "FX" (revealing) employee tracking me. Your Algo is shitting from now on. Good choice ignoring, I wish more do like you.
OPPT 1776 UCC 1-308
Let's see how these corporate employees that I call "kings" perform here based primarly in Cyprus or Malta. They receive reports from the central Algo where price is going, (to clear accounts and SL hunting), trader´s positions whom are not necessarely at FF but worldwide. BTW, FF is a hunting ground for advanced traders too. Posting these movements, they seem really good, not always as it would be too smelly. Yes, it is true that they never ask for money, as I have read on so many occasions by their work mates when under suspicion, because they collect it through the corporation. That is the goal, not living off newbies but making it look so good to beleive that anyone can do the same.

In short, they are actors, comedians and liars, especially graduates in psychology, anything other than real traders. Have a nice day.
OPPT 1776 UCC 1-308
Quoting Pat Chiko
{quote} I'm sorry to keep you waititng. I was in Singapore, As an invited speaker presenting case studies on elite performance at Singapore CFA conference I delivered a presentation to the audience that lasted for an hour. It may have been too complex for you to understand, however. 00:00 – Intro 02:06 – Excellence: More than Ambition, Hard Work, Talent... 16:17 – 1: Self-Concordance, Sweet Spot 29:45 – 2: Skill Acquisition, Technical Preperation 44:10 – 3: Delivering on Demand, Control Under Pressure 51:08 – 4: Sustaining Success, Continuous...
Pat this is literaly an EXACT COPY from a presentation by James King on april 25th 2021.
Nearly two years ago on youtube.
this is the youtube link:
Inserted Video


Same title and chapters, down to the minute.

So either you are James King or you plagiarised his podcast for a presentation, or you are a fantasist projecting an image of someone you are not.

Also there are no CFA events in February:
https://cfasocietysingapore.org/events/#events

I dont know why you are doing this. Its quite misleading. A bit disturbing actually.
in wondering about yourself, you forgot what you came here to be part of
Somebody needs to hear this.
The most difficult hurdle to overcome is staying with a trading strategy. Sticking with a trading strategy is easier said than done especially when the losing streaks starts coming. As long as that trading strategy has been backtested and forward tested, stick with it come rain, come shine. Jumping from one strategy to another will never end well and it will only prolong your journey to profitability.
Stick with that strategy, improve it and learn from your mistakes.
Goodluck.
Patience.....
Quoting Fredo219
Somebody needs to hear this. The most difficult hurdle to overcome is staying with a trading strategy. Sticking with a trading strategy is easier said than done especially when the losing streaks starts coming. As long as that trading strategy has been backtested and forward tested, stick with it come rain, come shine. Jumping from one strategy to another will never end well and it will only prolong your journey to profitability. Stick with that strategy, improve it and learn from your mistakes. Goodluck.

Hello

I hate to ruin everything but yes you are right and no you are not. Education is key here. If you're sticking to a strategy that doesn't work then you're wasting your time. There is alot of bad education around in FX community it's crazy. As rookies we will fall for it most likely but If you think on your feet then you understand quickly what works and doesn't. So how do you determine whether it's bad education or not? I think if you're not making any € in 3-4 months then it doesn't work as it suppose to work. It shouldn't be that hard. Yes you won't be a millionaire by the end of the year 1 or 5 (maybe) but you should see some gains. I have experience from my own. It took me almost 2 years to see profits. One of my friends started last year but chose the right education (idk what it is tbh) but this at the end of the last year he passed 100k challenge and got his first 2,2k withdrawal in feb. In my first 2 years of trading I sure made 2,2k but I lost it as fast He didnt fall for that SMT bullshit because it doesn't exist.

Don't fall for bad education.
Inserted Video
This was done yesterday. I'm not a hater if any of you thinks that. I have no personal gain in sharing this. I don't care what any of you do at the end of the day. All I'm trying to do is do my part in community to save someone time and money. I fell for that and I wasted soo much time... Look for yourself. Time is way too precious. Money you can make back. But time is something that has much more value than stupid money. Don't fall for scammers in FX world. It's crazy what kind of people are in this world and I'm happy that there are people who are taking them down. Choose right education. Don't be a muppet.

Have a great day!
Quoting Pat Chiko
{quote} In Van Tharps's book "Trade Your Way to Financial Freedom", he includes a chapter that discusses many of the naturally wired psychological biases we as humans possess. It is important to know what these biases are because they are what steers us to failure. One of these biases is called the "Need-to-Understand" bias. He basically says who cares what moves the markets. Since most successful traders out there are using systems that give them probabilities not much above chance, they probably don't "understand" what's moving the markets either....
Thanks - will definitely check that out and report back, never even heard of his work

Yeah I've seen that need to understand bias in others and in myself. Alot of traders will seek out increasingly complex solutions to answers they don't need to know, and hamstring themselves in the process
Quoting dempire1
{quote} Hello I hate to ruin everything but yes you are right and no you are not. Education is key here. If you're sticking to a strategy that doesn't work then you're wasting your time. There is alot of bad education around in FX community it's crazy. As rookies we will fall for it most likely but If you think on your feet then you understand quickly what works and doesn't. So how do you determine whether it's bad education or not? I think if you're not making any € in 3-4 months then it doesn't work as it suppose to work. It shouldn't be that...
Of course, you should reevaluate your strategy if you have 4 losing months in a row. My message is for those that switch strategy after 4-6 losing trades.
Patience.....
Quoting CashBox
{quote} Is this the same Pat Chiko who started a thread a couple weeks before this presentation stating "The Trend Following System is Dead?" And is he talking about supply/demand? Supply/Demand being a cornerstone of trend reversals and trend continuations and "seeing" big$ accumulation on the charts and riding the big$'s coat tails? The same Supply/Demand he alluded to no longer working because "The Trend Following System is Dead." Hmm, it almost seems like someone asked him to speak about trends/Supply/Demand so he started that thread so he could...

I don't know if you know that chiko is an Indian call-center account... get ready for some fun. he/they will reply with a looong shitpost

Also interesting is the poster has not started an actual trading thread since 2013 when he disappeared off of FF only to pop up again in 2021
he was busy under other usernames.. making up bs stories
HIMARS o'clock
Quoting knkie
{quote} Pat this is literaly an EXACT COPY from a presentation by James King on april 25th 2021. Nearly two years ago on youtube. this is the youtube link: https://youtu.be/sSwnOdX2gGQ Same title and chapters, down to the minute. So either you are James King or you plagiarised his podcast for a presentation, or you are a fantasist projecting an image of someone you are not. Also there are no CFA events in February: https://cfasocietysingapore.org/events/#events I dont know why you are doing this. Its quite misleading. A bit...
nice finding
HIMARS o'clock
Quoting mysterio
{quote} bias in others and in myself
For bias, Kahneman's work is, of course, the most important source.
Newer publications by others:
Bias, Belief, And Conviction In An Age Of Fake Facts
Bias: A Philosophical Study
Reason, Bias, and Inquiry: The Crossroads of Epistemology and Psychology
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Hope you all having a great weekend.

Weekend GU gap up.
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Broker signal sell order 11928 tp 11703. Would be nice.. my point of interest will be 11728.8, sbr, wick gap.

Opened a sell at 11954, paying 6 pips spread. Better be worth it!
Conspiracy theory continues, move on guys!
Quoting Jolita
Conspiracy theory continues, move on guys!
I'm missing a lot of stuff in this thread
Quoting Jolita
Hope you all having a great weekend. Weekend GU gap up. {image} Broker signal sell order 11928 tp 11703. Would be nice.. my point of interest will be 11728.8, sbr, wick gap. Opened a sell at 11954, paying 6 pips spread. Better be worth it!
IG Markets showing 70% long is a pretty impressive reason to go short!
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