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Cable Update (GBPUSD)

  • #752,621
  • Jun 16, 2023 1:27pm Jun 16, 2023 1:27pm
Quoting donfriday
{quote} commission fee i use myforexfunds and the5ers the5ers no time limit was introduced recently
Even after I've included the commission fees all together it doesn't add up.
I'll have $104 loss while shown $110 in their site.
Exhausted
  • #752,622
  • Jun 16, 2023 1:29pm Jun 16, 2023 1:29pm
Quoting navk
Fundamental following is good. Political ( manipulation ) can not be followed. For us to make money, little bit of funda + tech study is must.
You are right. But a few good traders do follow it, Larry Williams, Buffett, Soros, etc..
You have an IQ lower than 90 if you interact with this user.
  • #752,623
  • Jun 16, 2023 1:29pm Jun 16, 2023 1:29pm
Quoting donfriday
{quote} SAME HERE NAVK INTRODUCED ME TO PROPFIRM i love my current firm bootcamp account scaling to 4milion my dream
Nice, I might consider going for prop firm tryouts instead.
A bit tired of building up small capital account.
Exhausted
  • #752,624
  • Jun 16, 2023 1:36pm Jun 16, 2023 1:36pm
Quoting Ferna
{quote} Ofc it is political. But many powers have merged together , a development that was predicted already in the 90s by Jacquez Attali. Read his book ”Millenium” from 1991, it’s only 80 pages or so. this separation of politics from fundamentals and the greater agendas is fairly pointless there is no independance - everything is connected. I agree it’s a cycle, but who are the biggest players? You mentioned gold, when was that?
Look at this crash for gold, when people were writing..600 dollars is the target from 1100 dollars
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Intraday only.
  • #752,625
  • Jun 16, 2023 1:37pm Jun 16, 2023 1:37pm
Quoting Elysion
{quote} Nice, I might consider going for prop firm tryouts instead. A bit tired of building up small capital account.


you should have ur own account

i risk 1% at prop firm, 0.20% on my account funds is hard in africa so you have to trade smart i have blew several accounts in the past and went broke completely ..


before u trade prop firm get ur risk management strategy at best A game trading prop firm will make you a risk manager not just a trader.
MY OPINION NOT FINANCIAL ADVISE
  • #752,626
  • Jun 16, 2023 1:42pm Jun 16, 2023 1:42pm
And that was the time, myself + another 2 friends from Toronto put 5000 cad each to buy gold in small... 0.01 lot trades at every interval without stop loss.

we started buying from around 1600 dollars...When the price fell to 1150/1200 dollars all our money 15000 cad vanished.

This we did as investment, still could not srvive.
Intraday only.
  • #752,627
  • Jun 16, 2023 1:42pm Jun 16, 2023 1:42pm
Quoting navk
{quote} Exactly, the people never posts update on the trades. Poor new guys follow think that still the trades are open, Coreg mentioned that I took a trade few days ago with 70 pips profit. Most of times, i get out of trade if asian high breaks out. Or my risk management EA takes loss. On the same day... some people found that price as daily resistance and had bigger target and never posted an update on daily resistance trade. And the moral of the story is : NEVER EVER COPY ANYONE NEVER EVER TRADE WITHOUT A STOP LOSS....
navk, I would have to hire the secretary to point out your false/hypocritical statements. I can name at least 20 people off the top of my head who do just that. Don't generalize and drag people thru the mud and I stop pointing out your hypocrisy.
Always trade your own plan...I don't provide trading signals.
  • #752,628
  • Jun 16, 2023 1:43pm Jun 16, 2023 1:43pm
Quoting Wavegarrick
{quote} Anyway Folks, Forgive all my posts. I don't want to come across as overbearing. I will not post hereafter, I promise. I have closed one of my trades from yesterday for a nice profit. One thing that is very important to understand is that price will not swing in a jiffy and needs to consolidate. I am not going to just short until I get proper confirmation signals. If this level goes we could easily see 1.30000 to end the second quarter of this year. Trade safe. Cheers. {image}
It has been a long journey for me since Sept/Oct 2022 and I have posted each trade here as I have gone along..The hard part is that long term trading has been a new discovery for me and I have gone through it. I am at a position to close some now. It is not something for any trader and needs experimenting. 22000 thousand pips is enough for me since Sept so I will close some. After all I need to pluck the rewards,
My yearly medium res 1 at 1.2920 looks a decent target and more so 1.3000
Adios and take care.
Cheers.
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Trade to trade another day
  • #752,629
  • Jun 16, 2023 1:45pm Jun 16, 2023 1:45pm
Quoting navk
And that was the time, myself + another 2 friends from Toronto put 5000 cad each to buy gold in small... 0.01 lot trades at every interval without stop loss. we started buying from around 1600 dollars...When the price fell to 1150/1200 dollars all our money 15000 cad vanished. This we did as investment, still could not srvive.


doing something similar

investing 100$ on btcusd size 0.01 NO SL TARGET 100000
MY OPINION NOT FINANCIAL ADVISE
  • #752,630
  • Jun 16, 2023 1:47pm Jun 16, 2023 1:47pm
Quoting donfriday
{quote} doing something similar investing 100$ on btcusd size 0.01 NO SL TARGET 100000
we all of us lost that money..5000 cad each.

That was the time...gold was flying high..... and on each retrace we wanted to buy... to finally find that the drop was not retrace but ended up as crash
Intraday only.
  • #752,631
  • Jun 16, 2023 1:52pm Jun 16, 2023 1:52pm
Quoting navk
{quote} we all of us lost that money..5000 cad each. That was the time...gold was flying high..... and on each retrace we wanted to buy... to finally find that the drop was not retrace but ended up as crash

I bought from a quarter point of 100k pips range so this will be some long journey
next quarter is 50000 possible 1-3 YEARS


let see
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MY OPINION NOT FINANCIAL ADVISE
  • #752,632
  • Jun 16, 2023 1:55pm Jun 16, 2023 1:55pm
Quoting donfriday
{quote} I bought from a quarter point of 100k pips range so this will be some long journey next quarter is 50000 possible 1-3 YEARS let see {image}
One can still try as Investment

Gold, bitcoin are good investment instruments for long term investment
Intraday only.
  • #752,633
  • Jun 16, 2023 2:05pm Jun 16, 2023 2:05pm
Quoting navk
{quote} Look at this crash for gold, when people were writing..600 dollars is the target from 1100 dollars {image}
My knowledge of gold is lacking. All i know it is usually bought as a hedge to eroding purchasing power of the dollar, usually due to inflation.
In recent time the major central banks in the world bought a shit ton of gold.
You have an IQ lower than 90 if you interact with this user.
  • #752,634
  • Edited 2:53pm Jun 16, 2023 2:10pm | Edited 2:53pm
Quoting Ferna
{quote} My knowledge of gold is lacking. All i know it is usually bought as a hedge to eroding purchasing power of the dollar, usually due to inflation. In recent time the major central banks in the world bought a shit ton of gold.
That has to do with the US government freezing Russian assets. If the US can seize US currency in bank accounts at will what is the real value of US currency? It has value at the discretion of the US government. Look at the new crypto rules, they spell out, the US can devalue US crypto in your bank account!
The US gov't can't seize gold assets, not stored in US or ally banks.
  • #752,635
  • Jun 16, 2023 2:12pm Jun 16, 2023 2:12pm
Quoting Ferna
{quote} My knowledge of gold is lacking. All i know it is usually bought as a hedge to eroding purchasing power of the dollar, usually due to inflation. In recent time the major central banks in the world bought a shit ton of gold.
True.

Coutries like china, India, Brazil are accumulating gold as reserve currency to challenge USD.

So, long term buying as investment is good in gold IMO
Intraday only.
  • #752,636
  • Jun 16, 2023 2:14pm Jun 16, 2023 2:14pm
It's going to print.
That sounds like useful information 24 hours ago from reading the weekly on the fly.
The weekly chart is easier than low TF and more reliable, even before close.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #752,637
  • Jun 16, 2023 2:15pm Jun 16, 2023 2:15pm
Quoting Ferna
{quote} My knowledge of gold is lacking. All i know it is usually bought as a hedge to eroding purchasing power of the dollar, usually due to inflation. In recent time the major central banks in the world bought a shit ton of gold.
All said and done... I do not trade gold.

The analysis has to be accurate in gold trading + Limitations in margin/leverage
Intraday only.
  • #752,638
  • Jun 16, 2023 2:57pm Jun 16, 2023 2:57pm
Quoting Alevsky017
{quote} PERIODT! that's the point i don't understand, i startet selling GBP much earlier, OFC im huge in minus $ but im not angry, im just confused and proud at the same time that i dont moved my strategy and didnt quit my logical thinking in trading! what we see here isnt normal, Dollar looks ways better than pound and thats in all ways, i spend the whole night to check some data and its unbelivable how GBP can be bullish. it never happend to me before but since yesterday im scared to enter a trade, really… because what happend the last few days...
Markets are tricky, so hard to spot the niche. We are all under the radar, watched by market makers, by brokers, we have constant twists, uncertainty of economical and political events.

GU chart has recently on a mission up, one way traffic, and as soon you start to realise, price will change it's direction. Once majority of retail will realise we are in a bullish trend, the market will change it's direction. That's the game, we just need to work harder and stick to a plan to make profit.
We have to learn to see opportunities given, not easy at all when real capital involved.

Wishing you all the best, we will have better days too!
  • #752,639
  • Jun 16, 2023 2:57pm Jun 16, 2023 2:57pm
I will buy Gold only if close Gap at 1887, I think there will be good oportunity to hold in long term with SL at 1800 and target open but 2200 will be good
People don't plan to lose. They lose because they don't plan.
  • #752,640
  • Jun 16, 2023 3:00pm Jun 16, 2023 3:00pm
Quoting Pat Chiko
{quote} Most probably by end of this year. Still waiting for her to reply to my request. {image} I think , got 51% chance as I'm 5'9" tall tan skin and almost good looking....
you are 5'9" tall ???
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