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Cable Update (GBPUSD)

  • #744,041
  • May 4, 2023 3:03am May 4, 2023 3:03am
Now, if my trendline is right, what has news to do with all this? specially with 4 hour gap between them, first we spike up and secondly we spike down. In my opinion it just justifies wiping retailers accounts and SL, otherwise it would be too smelly randomly every now and then. I may be wrong but never bother ahout news personally.
POSTMASTER
  • #744,042
  • May 4, 2023 3:08am May 4, 2023 3:08am
Quoting Moty
am i the unluckiest guy in the world or what ? i got out just before price dropped 30 pips {image}
been there many times.. patience is the key
Insane in the Brain..
  • #744,043
  • May 4, 2023 3:13am May 4, 2023 3:13am
Quoting Wavegarrick
{quote} Nala, What do you base your $7 dollar investment on?. From what I read between the lines is that you are saying I am trading .50c lots. So I had 14 buy trades x .50c = $7. Now look carefully at my attached charts and statements. I do not trade .50c lots. I trade .05c lots. So let's take 14 buy trades x .05c = $ .70c. A huge difference isn't it? Or am I missing something? Last question: The report is generated automatically from the standard indicator "trade report" available here on FF. So how do I do my magic accounting on this? Cheers....
There are three lot sizes...
1.0 is a Standard lot size returning $10 a pip.
0.1 is a Mini lot size returning $1 per pip
0.01 is a Micro lot size returning 10 cents per pip.

You are buying 5 micro lots per trade which is 50 cents per pip.

Take your fist trade it made 92pips distance and paid you $46 so it must be 50cents per pip.

I suspect you have your base currency in US dollars and not Rands otherwise there would be a conversion to calculate also.
  • #744,044
  • May 4, 2023 3:24am May 4, 2023 3:24am
Quoting BeeTogether
{quote} been there many times.. patience is the key
it was suppose to drop sooner , that mf squeezed it
Attached Image (click to enlarge)
Click to Enlarge Name: gold1.png Size: 18 KB
yes yes yes
  • #744,045
  • May 4, 2023 3:26am May 4, 2023 3:26am
Quoting Wavegarrick
{quote} Continued: I did not have enough time when I replied above. In addition, for the wary eyed. If I trade .05c it means I make .50c per pip. Google "pip calculator" to see how much you make per pip relative to the lot size traded. So .50c x 202.20 Pips (as per the trade report) = $ 101.10 - $ 6.51 (swap fees) = $ 94.59. Nothing fancy, no creative accounting. Pure simple maths. Cheers. {image}
Why you always replay unnecessary thing? We know you right in this case. Thats it!
  • #744,046
  • May 4, 2023 3:32am May 4, 2023 3:32am
Some amber data looks good for cable
Insane in the Brain..
  • #744,047
  • May 4, 2023 3:37am May 4, 2023 3:37am
Going long on GU 1.26 likely breached.
Exhausted
  • #744,048
  • May 4, 2023 3:38am May 4, 2023 3:38am
Quoting Nala66
{quote} There are three lot sizes... 1.0 is a Standard lot size returning $10 a pip. 0.1 is a Mini lot size returning $1 per pip 0.01 is a Micro lot size returning 10 cents per pip. You are buying 5 micro lots per trade which is 50 cents per pip. Take your fist trade it made 92pips distance and paid you $46 so it must be 50cents per pip. I suspect you have your base currency in US dollars and not Rands otherwise there would be a conversion to calculate also.
Yes it is .50c per pip on GbpUsd and the base currency is USD.
So you agree then that there is no creative accounting.
Cheers.
Trade to trade another day
  • #744,049
  • May 4, 2023 3:40am May 4, 2023 3:40am
Quoting randu
{quote} Why you always replay unnecessary thing? We know you right in this case. Thats it!
Just needed to clear the air. Misconceptions are created when one is accused of creative accounting.
Cheers.
Trade to trade another day
  • #744,050
  • Edited 4:10am May 4, 2023 3:44am | Edited 4:10am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-British-Pound-U-S-Dollar-Forex-Trader-s-Cheat-Sheet-Barchart-com.jpg Size: 429 KB

GBPUSD - British Pound/U.S. Dollar Forex Trader's Cheat Sheet - Barchart.com
  • #744,051
  • May 4, 2023 3:45am May 4, 2023 3:45am
Waiting 1.2535 Imbalance to be filled to buy, many confluences there.
More time in the market, does not mean you trade better!
  • #744,052
  • May 4, 2023 3:46am May 4, 2023 3:46am
Quoting Wavegarrick
{quote} Just needed to clear the air. Misconceptions are created when one is accused of creative accounting. Cheers.
"Creative accounting" what a beautifully sarcastic proposition. Hahaha... you had to quickly rebuff it.
  • #744,053
  • May 4, 2023 3:47am May 4, 2023 3:47am
Tempting to go long but can’t see an entry point yet.. maybe around daily pivot first


just crossed checked EU which is dropping more. Maybe hold off from longs for a bit unless pivot is broken. Maybe there may not be a rate rise from EU … could be a ranging day regardless as NFP tomorrow
Insane in the Brain..
  • #744,054
  • May 4, 2023 3:52am May 4, 2023 3:52am
Numbers are a sensitive matter, by sharing trading reports, thats mean you are sharing your personal income data to the public ( taxes, poverty donations, etc will come after you if they find out / unless you are trading on a demo account, it doesn't matter ) something personal should not be published like you hide a bird in your underpants lol
https://breakpullback.com
  • #744,055
  • May 4, 2023 3:53am May 4, 2023 3:53am
Quoting Nala66
{quote} Seems like a bit of creative accounting to me getting 200 pips from an 80 pip move?
Length of blood vessels in human body is about 100k kilometers, but avg male height is ~ 1.8 m (in Europe).
What the heck is going on?
Air force
  • #744,056
  • May 4, 2023 4:09am May 4, 2023 4:09am
I do not see a buy candle today.

Let us see how NY finishes today
Intraday only.
  • #744,057
  • May 4, 2023 4:17am May 4, 2023 4:17am
The gold market in the past two days has hit a record high, so it should not rise again, right?
  • #744,058
  • May 4, 2023 4:21am May 4, 2023 4:21am
Quoting Wavegarrick
{quote} Just needed to clear the air. Misconceptions are created when one is accused of creative accounting. Cheers.
Well, I don't really care but if you wish to stop misconceptions then stop posting them.

You keep putting the c after the 0.05 when these are lots not cents.

You are saying that if I place a trade long for 30 pips and close half at the halfway point and the rest at 30 pips then I have made 45 pips profit (15 + 30) on the trade. I wish it worked like that but alas I only make 22.5 pips on the trade. Not counting spreads.
  • #744,059
  • May 4, 2023 4:26am May 4, 2023 4:26am
Quoting eyefeelsix
Numbers are a sensitive matter, by sharing trading reports, thats mean you are sharing your personal income data to the public ( taxes, poverty donations, etc will come after you if they find out / unless you are trading on a demo account, it doesn't matter ) something personal should not be published like you hide a bird in your underpants lol
We got worse numerical problem ahead. Anything that benefits trading and capitalism among the public is a good thing and is a good force to counteract the regulators.
Everything is seen by the regulators anyway, good luck hiding anything in 2023 from A.I and mass surveillance.
It's up for anyone to decide themselves what they do want to share or not want to share.
You have an IQ lower than 90 if you interact with this user.
  • #744,060
  • May 4, 2023 4:29am May 4, 2023 4:29am
Quoting W0lfram
{quote} Length of blood vessels in human body is about 100k kilometers, but avg male height is ~ 1.8 m (in Europe). What the heck is going on?
The Police claim some 5% of road traffic accidents are associated with drink driving. So, if the other 95% of the sober ones kept off the roads, we piss pots would be far better off.
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