Cable Update (GBPUSD) | Page 38115 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #762,281
  • Jul 29, 2023 6:59am Jul 29, 2023 6:59am
Quoting T721
This is probably worth posting for anyone not sure of how i trade in regards to pips and return on a trade---- OK --- THE ONLY THING YOU CAN CONTROL IN ANY MARKET IS YOUR LOSSES, THATS IT. HOW MUCH YOU ARE GONNA MAKE IS UNNOWN (if you trade like me) Let me explain--- to make this easy lets assume we all trade at $1. So if your stop is 30 or 50pips away the math is simple Now lets say my target is 200pips, anyone will be thinking im gonna make $200. Well that is wrong. If i am confident in getting those 200pips i need to build positions. The last...
cut the losses short, and let the profit run
I've heard this in a random youtube video and the idea is absolutely fantastic. since when I started trading, I used to do something like 1:1, 1:1.5 risk to reward ratio and then I just realized that I should limit my losses and just let profit run as much as it can, since then, I've changed my r/r to something like minimum 1:4 to even 1:18 (lol on a pair which was a success recently). now my rule is that no trade below at least 1:4 r/r while maintaining a high winrate.
  • #762,282
  • Jul 29, 2023 7:03am Jul 29, 2023 7:03am
Quoting robbieevans9
I am currently short cable with a HTF stop loss. Notice how AFTER reacting with a key HTF level we form a bearish Order block. Full close below. Notice how we opened this daily candle, ran up into the wick-body of the previous up-close candle (the sensitive point of the OB) and then we start making lower prices. Studying this will change the game for you, but you cannot take any of this with just a down close candle. It has to react with a HTF level first. Happened on Gold, Euro and Dollar Index. Best on DXY. Study this. Trust me. {image} {image}...
after using HTF for a while, I've just come to realize that HTF = support / resistance and nothing else and it may break it and go beyond!(and happens alot)
  • #762,283
  • Jul 29, 2023 7:07am Jul 29, 2023 7:07am
Quoting sajad.g
{quote} after using HTF for a while, I've just come to realize that HTF = support / resistance and nothing else and it may break it and go beyond!(and happens alot)

this is the same resistance htf is referring to
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-07-29_16-36-44.png Size: 2 KB
  • #762,284
  • Jul 29, 2023 8:40am Jul 29, 2023 8:40am
Quoting Robinhood1
Forexfactory is ground for hunting excepcional traders and trick and trap newbies into the habbit of trading. Here is where i interact with the corporation that dominates the industry. Subliminally.
Definitely feels that way. I have yet to see the proof of a lot of members here that they are really trading on live account and not using photoshoped images. It's annoying how untransparent members here are. I wanted to make and did make a new thread on FF here for real traders trading with real money and sharing real trading ideas and strategy, but yeah... there ain't too many real traders that are trading with real money here.
  • #762,285
  • Jul 29, 2023 9:18am Jul 29, 2023 9:18am
Quoting TheWraith
{quote} Definitely feels that way. I have yet to see the proof of a lot of members here that they are really trading on live account and not using photoshoped images. It's annoying how untransparent members here are. I wanted to make and did make a new thread on FF here for real traders trading with real money and sharing real trading ideas and strategy, but yeah... there ain't too many real traders that are trading with real money here.
Attached Image (click to enlarge)
Click to Enlarge Name: E0F35D29-D49F-498A-B877-6FF5E513C536.jpeg Size: 417 KB
How to succeed in zero sum game?
  • #762,286
  • Jul 29, 2023 10:01am Jul 29, 2023 10:01am
Quoting Robinhood1
{quote} I can tell real traders from corporative employees
What motivates them to be here?
You have an IQ lower than 90 if you interact with this user.
  • #762,287
  • Jul 29, 2023 10:04am Jul 29, 2023 10:04am
Quoting Robinhood1
{quote} I can tell real traders from corporative employees
Which am I?
How to succeed in zero sum game?
  • #762,288
  • Jul 29, 2023 10:08am Jul 29, 2023 10:08am
Quoting PeterCaleb
{quote} yeah Ive been trading for a very long time and none of that is real risk. It's a great way to get yourself into trouble. If you trade pound and you are wanting a need filled, then you'll get it basically every time. But not tracking it and desiring a want before needs are met is unnecessary risk. Common sense says - worst then worse case scenario then better scenario. Considering losses are not all one controls. Sorry but this is puppy love thinking. Maybe if you used a tiered approach you'd "win" on your obvious winners and gain a push...
I have been trading a very long time and my trading works very well. I dont try to re-invent the wheel there is no need to. Trading has not changed in the last 3 decades and it wont anytime soon. The major difference today is there are more players, more retail, but the Game doesnt change. I trade for a living and wouldnt change a thing. This dont mean i get every trade right (i dont) but i just keep doing what i do and more importantly i try to help anyone trying to learn or find a system that they can work with. The more basic the better. If it was complicated i would have given it up years ago. Everyone i help i do for free and probably spent well over 100hrs on zoom sessions with members of Forex Factory. I would like to think they gained some knowledge or a different perspective after the zoom, but i havent had much feedback so who knows.

Anyway Cheers for your reply and have a good weekend pal

And if anyone needs help on zoom just DM, will see if i can get a suitable time
  • #762,289
  • Jul 29, 2023 10:18am Jul 29, 2023 10:18am
Quoting sajad.g
{quote} cut the losses short, and let the profit run I've heard this in a random youtube video and the idea is absolutely fantastic. since when I started trading, I used to do something like 1:1, 1:1.5 risk to reward ratio and then I just realized that I should limit my losses and just let profit run as much as it can, since then, I've changed my r/r to something like minimum 1:4 to even 1:18 (lol on a pair which was a success recently). now my rule is that no trade below at least 1:4 r/r while maintaining a high winrate.
yes, just let the winning positions run.
  • #762,290
  • Jul 29, 2023 10:24am Jul 29, 2023 10:24am
Quoting T721
{quote} I have been trading a very long time and my trading works very well. I dont try to re-invent the wheel there is no need to. Trading has not changed in the last 3 decades and it wont anytime soon. The major difference today is there are more players, more retail, but the Game doesnt change. I trade for a living and wouldnt change a thing. This dont mean i get every trade right (i dont) but i just keep doing what i do and more importantly i try to help anyone trying to learn or find a system that they can work with. The more basic the better....

its laudatory what you do but ultimately fruitless.

when i first started out trading in 2000 retail forex trading was in its infancy. the way to go was futures or the new discount stock brokers...anyone american over 35 should remember this fella LOL
Inserted Video


well anyways a guy with the name oldman in a now defunct html type chat like FF used to say you can hand out the holy grail a of trading system, one thats guaranteed to make money but people will still screw shit up and only one out of a thousand will make money with it LOL...i didnt understand at that time what he meant but now after 20 years of this i do LOL

so its wonderful that youre trying to help people especially now with such a huge influx of beginners trying trading challenges at prop firms cause they watched a youtube video of some 23 year old who says he became a millionaire in 3 weeks LOL but your efforts are probably in vain cause everybody you zoom with wont put your knowledge to work
short trump and go long the deepstate
  • #762,291
  • Edited 12:17pm Jul 29, 2023 10:28am | Edited 12:17pm
After the Great Recession, there has been a major shift, basically a Changing World Order or a Renewed World Order, basically a U.S. led World Order version 2.0.

Now, the USD will crush just about every asset on the planet with the exception of maybe U.S. stock indices and some selective currencies.
Trade at your own risk.
  • #762,292
  • Jul 29, 2023 10:32am Jul 29, 2023 10:32am
Quoting Zebi
{quote} its laudatory what you do but ultimately fruitless. when i first started out trading in 2000 retail forex trading was in its infancy. the way to go was futures or the new discount stock brokers...anyone american over 35 should remember this fella LOL https://youtu.be/WOKDK0g1Gno well anyways a guy with the name oldman in a now defunct html type chat like FF used to say you can hand out the holy grail a of trading system, one thats guaranteed to make money but people will still screw shit up and only one out of a thousand will...
well anyways a guy with the name oldman in a now defunct html type chat like FF used to say you can hand out the holy grail a of trading system, one thats guaranteed to make money but people will still screw shit up and only one out of a thousand will make money with it LOL...i didnt understand at that time what he meant but now after 20 years of this i do LOL

Yes you are right The ones who put in the time will get it. But it takes a lot of time and you need to have a passion for it not just a desire to trade.

I keep my trading SAF and have never changed it since i eventually became profitable (after 5yrs ish) All the BS on facebook, you-tube etc is just about parting you from your money imo
  • #762,293
  • Jul 29, 2023 10:34am Jul 29, 2023 10:34am
Quoting TheWraith
{quote} Definitely feels that way. I have yet to see the proof of a lot of members here that they are really trading on live account and not using photoshoped images. It's annoying how untransparent members here are. I wanted to make and did make a new thread on FF here for real traders trading with real money and sharing real trading ideas and strategy, but yeah... there ain't too many real traders that are trading with real money here.
Join me on zoom anytime pal. Week days after 8pm UK or anytime weekends
  • #762,294
  • Jul 29, 2023 10:36am Jul 29, 2023 10:36am
Disclaimer: All similarities to posts and people here are accidental.

When you come to the social media site, it would be prudent to ask yourself, what do I expect from the site of FF? Am I getting what I expected? How long do I want to stay over here if other traders don't make my account swell?
I'm here to interact with other people, pick other traders' brains, and share my EW+HP analysis, and I'm getting everything I came here for.
Now, why I'm not interested in peoples' daily P/L, monthly brokers statement, or tax returns? Because I have my method of trading because knowing this information won't bring one cent to my account, and because I believe that this business is "I vs. machine".
If anyone is disappointed in traders here, I would suggest subscribing to the trading signal site so your expectations are met. There is plenty of them on the internet, and in two months or so, you will be among 10% of profitable retail traders. Simple solution, probably working like a charm, b/c my charts, if you are not familiar with my method of trading won't help you. You will look at them like you would look at Guernica.
Just test yourself on this EOD GU 30M chart posted below. As always, good luck to all of you in your journey.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 07.28 30M EOD.png Size: 63 KB
Always trade your own plan...I don't provide trading signals.
  • #762,295
  • Jul 29, 2023 10:38am Jul 29, 2023 10:38am
Im going to post this just incase
Attached Image (click to enlarge)
Click to Enlarge Name: 4875452A-2BC1-4B78-AB8E-C454E980DBB2.png Size: 100 KB
How to succeed in zero sum game?
  • #762,296
  • Jul 29, 2023 10:41am Jul 29, 2023 10:41am
Quoting Coreg2004
Disclaimer: All similarities to posts and people here are accidental. When you come to the social media site, it would be prudent to ask yourself, what do I expect from the site of FF? Am I getting what I expected? How long do I want to stay over here if other traders don't make my account swell? I'm here to interact with other people, pick other traders' brains, and share my EW+HP analysis, and I'm getting everything I came here for. Now, why I'm not interested in peoples' daily P/L, monthly brokers statement, or tax returns? Because I have my...
Very well said. Its like people are trying to be spoonfed…
How to succeed in zero sum game?
  • #762,297
  • Jul 29, 2023 10:42am Jul 29, 2023 10:42am
Quoting dempire1
Im going to post this just incase {image}
Glad you could join us!

How's your boyfriend?
Trade at your own risk.
  • #762,298
  • Jul 29, 2023 10:44am Jul 29, 2023 10:44am
Quoting dempire1
Im going to post this just incase {image}
Inserted Video
Trade at your own risk.
  • #762,299
  • Jul 29, 2023 10:47am Jul 29, 2023 10:47am
Quoting Fx3423454
{quote} https://youtu.be/Q1TEXFB8Ra4
Blast from the past
  • #762,300
  • Jul 29, 2023 10:49am Jul 29, 2023 10:49am
dempire1 Lbrto
wanna jump on zoom in 1hr, maybe less. Just going out for some fags and caffeine
659 traders viewing now