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Cable Update (GBPUSD)

  • #741,241
  • Apr 14, 2023 4:22pm Apr 14, 2023 4:22pm
Quoting ashur123
{quote} Real trading experience. Nothing else works. Learn to lose in every way possible, then you'll understand. I'm self taught. I never read any investment books or bought any courses or signals. All that stuff is garbage. Everything you need to get started is available online for free. Learn the basics and start working on your system. Forex is a trillion dollar a day market, there are 1,000,000,000,000+ different ways you can snatch some of that money. You just need to learn to set the right traps up. Don't give up and don't make forex your...
Nice writen, thank you for that, all newbies please read this and dont forget, like 50 cent album, get rich or die tryin, I saw in this my biography! Only hours, days, months and years maked this where I am now keep tryin and succes will come to you too. Thanks ashur123!
People don't plan to lose. They lose because they don't plan.
  • #741,242
  • Apr 14, 2023 4:23pm Apr 14, 2023 4:23pm
Quoting ashur123
{quote} Real trading experience. Nothing else works. Learn to lose in every way possible, then you'll understand. I'm self taught. I never read any investment books or bought any courses or signals. All that stuff is garbage. Everything you need to get started is available online for free. Learn the basics and start working on your system. Forex is a trillion dollar a day market, there are 1,000,000,000,000+ different ways you can snatch some of that money. You just need to learn to set the right traps up. Don't give up and don't make forex your...


I want to express my gratitude for the insightful and encouraging words you shared about your experience in trading. Your message about the importance of real trading experience and learning from losses is inspiring and will no doubt motivate others who are trying to develop their own trading systems. Your advice to focus on learning the basics and setting the right traps to succeed in the trillion-dollar forex market is invaluable.
I also appreciate your reminder to maintain a well-rounded perspective and pursue other interests in life, and your own example of building a construction company and restaurant while developing your system is inspiring. Your dedication and perseverance through years of losses is a testament to the hard work and commitment required to become a successful trader.
Thank you for sharing your wisdom and experience with me. Your message is a true inspiration and a source of motivation for all of us who are trying to succeed in the challenging world of trading.
  • #741,243
  • Apr 14, 2023 4:31pm Apr 14, 2023 4:31pm
Expecting one more bullish spike early next week, somewhere into the 2470 region or higher and then maybe finally some bearish correction. Don't expect too much from bears anymore, but some profit taking for sure.
Everyone can see the chart, but only a few can actually read it.
  • #741,244
  • Apr 14, 2023 4:34pm Apr 14, 2023 4:34pm
Quoting Moty
23 trades 22 winers 1 loss {image}
I was hoping you could explain your personal experience and approach to using the MACD (Moving Average Convergence Divergence) strategy. I've been advised to use specific parameters, such as 12, 26, 1 and 5, 26, 1, to set up my MACD, but I've noticed that you've used different numbers.
I'm wondering if you could provide some insight into how the MACD strategy works and how you go about setting up the parameters. Can these parameters be changed? Or are there other factors that you consider when using this strategy?
I'm interested in learning from your experience and would greatly appreciate any guidance you can offer.
Thank you,I'm looking forward to hearing from you soon.
  • #741,245
  • Apr 14, 2023 4:38pm Apr 14, 2023 4:38pm
Quoting OnlineAddict
Expecting one more bullish spike early next week, somewhere into the 2470 region or higher and then maybe finally some bearish correction. Don't expect too much from bears anymore, but some profit taking for sure.
Hi OnlineAddict! Hows your TE? I really holding fingers crossed for your goal! I think next week bulls have not so red news to climb up till friday, so I expect price can fall deeper maybe 1.2250 or 1.2170 before run up, cheers!
People don't plan to lose. They lose because they don't plan.
  • #741,246
  • Apr 14, 2023 4:47pm Apr 14, 2023 4:47pm
Quoting ScalaFX
{quote} Hi OnlineAddict! Hows your TE? I really holding fingers crossed for your goal! I think next week bulls have not so red news to climb up till friday, so I expect price can fall deeper maybe 1.2250 or 1.2170 before run up, cheers!
Didn't make it. Already building a new one.
Everyone can see the chart, but only a few can actually read it.
  • #741,247
  • Apr 14, 2023 5:10pm Apr 14, 2023 5:10pm
The weekly finished midrange so not sure where it is going now....going to wait...to see....i see a few better trades out there.

cheers
  • #741,248
  • Edited 7:50pm Apr 14, 2023 7:24pm | Edited 7:50pm
Quoting mwaqar309
{quote} What's your plan now dear
I am still getting used to support/resistance trading.

That particular trade was taken in general iresistance zone ( general ) but without ascertaining point of resistance + with momentul down candle.

So, I took loss.

However, later I took short trade in a resistance zone with proper point of of resistance. So the success
Intraday only.
  • #741,249
  • Apr 14, 2023 8:59pm Apr 14, 2023 8:59pm
Hello everyone, please I am having a bit of difficulty with the format in which MT5 historic data is presented.
On MT4 we have date, time, open, high, low, close and volume presented in separate columns
While on MT5, date, time, open, high, low, close are presented in a single cell.
Please can anyone guide me on how to get the MT5 data to appear in separate columns?
  • #741,250
  • Apr 14, 2023 9:53pm Apr 14, 2023 9:53pm
Quoting Moty
All out !!! Done for this week From a daily loss of 90 dollars, to a daily profit of 40 dollars, a total profit run of 130 dollars since I started using the new MACD strategy {image}
been using macd with stoch for years , the problem with most traders they dont understand how they work on differant time frames and dont do there research , glad you found it works for you
people leave, but this thread will go on for ever
  • #741,251
  • Apr 15, 2023 12:06am Apr 15, 2023 12:06am
Quoting gjgriff1960
Can you share a link to that
news George? Did you mean USA Today? {quote}
Yes, I mean the News that was released yesterday in USA on USD. So many consecutive negative News.
Data + Stat + Risk/Emotions Management
  • #741,252
  • Apr 15, 2023 1:03am Apr 15, 2023 1:03am
Quoting Moty
23 trades 22 winers 1 loss {image}
yes once you learn how to read the macd it all comes together
people leave, but this thread will go on for ever
  • #741,253
  • Apr 15, 2023 1:42am Apr 15, 2023 1:42am
Quoting pipcenturion
Hello everyone, please I am having a bit of difficulty with the format in which MT5 historic data is presented. On MT4 we have date, time, open, high, low, close and volume presented in separate columns While on MT5, date, time, open, high, low, close are presented in a single cell. Please can anyone guide me on how to get the MT5 data to appear in separate columns?
I have found the answer to this question.

Thanks everyone!
  • #741,254
  • Apr 15, 2023 3:22am Apr 15, 2023 3:22am
Quoting Pat Chiko
To improve our trading strategy, it may be wise to reconsider our choice of currency pairs. Currently, trading GBP against USD may not yield significant results, as both currencies are weakened and exhibit low levels of volitality excpet on news only.. Instead, we should explore pairs that offer stronger momentum and volatility for easier trading. Good strong currencies now is AUD and NZD. These two combo is the right mactch for GBP. Chart below with exceed 200 pips damage today. Understand the underlying principles of price movements to make informed...
yes of course have these pairs higher volatility since years, BUT you have to deal with high spreads and a lot higher slippage through tiny volume traded in these pairs.

i prefer so far the trading with majors like GU, EU or UJ
trading is like dancing, don't think and just listen to the music!
  • #741,255
  • Apr 15, 2023 3:43am Apr 15, 2023 3:43am
Quoting ashur123
{quote} Real trading experience. Nothing else works. Learn to lose in every way possible, then you'll understand. I'm self taught. I never read any investment books or bought any courses or signals. All that stuff is garbage. Everything you need to get started is available online for free. Learn the basics and start working on your system. Forex is a trillion dollar a day market, there are 1,000,000,000,000+ different ways you can snatch some of that money. You just need to learn to set the right traps up. Don't give up and don't make forex your...
This is one the best thing have read in a long while. Have been trying to shout about this in this Forum for sometime now.
I was loosing for over 10 years back to back, no month close in profit, am this is my 14 year
but for me it was either i succeed or die trying, i had no Plan B only one Plan.
God has done so much for us for letting us know that there is something like forex trading, please forget about your losses, you can cry, whale,
be heart broken, be disappointed for all i care but don't ever think of missing this chance to change your life once and for all.
If you come from Africa, a poverty, corruption stricken continent with careless leaders like i do, then you will know that
this is the best life can put in our hands so either we make it work and fruitful or we go back to what we call in my country The TRENCHES.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #741,256
  • Apr 15, 2023 4:36am Apr 15, 2023 4:36am
Quoting martinez1
{quote} This is one the best thing have read in a long while.
This is how this thread operates (on an intellectual level):
1st person:
"I never read any investment books or bought any courses or signals. All that stuff is garbage."
2nd person:
I totally agree with you...

Analysis of 1st person quote:
If sentence number one is true, the writer cannot know whether his second sentence is true or false (simple logic).
Yet, he makes a truth-claim about it.

(sapere aude)
  • #741,257
  • Apr 15, 2023 5:09am Apr 15, 2023 5:09am
Quoting ScalaFX
Gold sell 2039.50 stop 2048 TP 2006
This was a God tier Signal
Thank you so much for your wisdom!
TheGynaepreneur Return Today: -11.9%
  • #741,258
  • Apr 15, 2023 5:40am Apr 15, 2023 5:40am
Quoting gjgriff1960
Can you share a link to that news George? Did you mean USA Today? {quote}
??? see
https://stooq.pl/q/?s=dx.f&d=2023041...=gbpusd+eurusd
3 Tage
USDX blau
GBPUSD Orange
  • #741,259
  • Apr 15, 2023 7:41am Apr 15, 2023 7:41am
Quoting Kingduly
{quote} I was hoping you could explain your personal experience and approach to using the MACD (Moving Average Convergence Divergence) strategy. I've been advised to use specific parameters, such as 12, 26, 1 and 5, 26, 1, to set up my MACD, but I've noticed that you've used different numbers. I'm wondering if you could provide some insight into how the MACD strategy works and how you go about setting up the parameters. Can these parameters be changed? Or are there other factors that you consider when using this strategy? I'm interested in learning...
Try this chart, it is essentially @Moty's with a signal line added.
Moty enters trades when the short term histogram changes direction and both histograms are moving in the same direction.
Adding a signal line (4,8,4 instead of 4,8,1) gives you a suggested exit point but you can some up with your own as well.
You can also try your 12,26,1 and 5,26,1 and see what results you get. Use small lot sizes until you are happy with the results you get or move on to a different strategy if you don't find results that you like.
What works on one day in one situation may not work on another day. A simple fact of life for forex trading.
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  • #741,260
  • Apr 15, 2023 7:55am Apr 15, 2023 7:55am
Quoting josi
{quote} This is how this thread operates (on an intellectual level): 1st person: "I never read any investment books or bought any courses or signals. All that stuff is garbage." 2nd person: I totally agree with you... Analysis of 1st person quote: If sentence number one is true, the writer cannot know whether his second sentence is true or false (simple logic). Yet, he makes a truth-claim about it. (sapere aude)
Well for me it is the truth, and yes we can prove it as truth. Anybody who has taken courses or bought the useless books can simply upload their account to trade explorer and prove me wrong. All the stuff they're selling you is 100% recycled garbage.

Maybe it does work for some people, who knows? All I know is I would have never developed my system the way I did had I cluttered my mind with the garbage they sell and claim to be life changing.

I've uploaded some screenshots here of one of my other accounts to further show proof. You're more than welcome to share some of your stats as well so we can compare since It sounds like if you've purchased a fair amount of the recycled garbage that's been floating around.
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