We go again. GBPUSD Swing Trade
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Cable Update (GBPUSD)
- #764,682
- Aug 6, 2023 7:20pm Aug 6, 2023 7:20pm
- Joined May 2022 | Status: Trader | 8,031 Posts
If you here and you honestly know you're a struggling trader.. Go and study ICT concept.. That guy is a genius! If you are lazy, forget it.. You won't grab it... Because you need to be patient with Michael.. I'm not saying other concept don't work but this guy is a genius! Trust me... Focus on how he trades Fvg, liquidity and the silver bullet, especially when he's analyzing the weekly time frame...FOCUS It amazes me how he gives out these contents for FREE! And people don't appreciate it, a lot of people talking down on ict would not have been...
you do know the guys full of shit dont you...he took all the old timers ideas renamed them and is making money on youtube views not trading?
i was just bad mouthing all the young youtube video makers last night
https://www.forexfactory.com/thread/...6#post14525436
https://www.forexfactory.com/thread/...7#post14525437
and here i inadvertantly scared a guy from posting some other purloined concept LOL
https://www.forexfactory.com/thread/...8#post14508248
https://www.forexfactory.com/thread/...2#post14508252
i guess if it opens the eyes of the millenials and genxers its a good thing but i think credit should be given to the guys whos ideas ICT is stealing from
short trump and go long the deepstate
- #764,683
- Aug 6, 2023 7:28pm Aug 6, 2023 7:28pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #764,684
- Aug 6, 2023 8:17pm Aug 6, 2023 8:17pm
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Together we can be strongest
Vantage Return This Month:
na
- #764,685
- Aug 6, 2023 8:19pm Aug 6, 2023 8:19pm
- | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Real Trading is not gambling.
- #764,687
- Aug 6, 2023 8:34pm Aug 6, 2023 8:34pm
- | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Real Trading is not gambling.
- #764,688
- Aug 6, 2023 8:40pm Aug 6, 2023 8:40pm
- | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Real Trading is not gambling.
- #764,689
- Aug 6, 2023 8:54pm Aug 6, 2023 8:54pm
- | Membership Revoked | Joined Nov 2020 | 2,353 Posts
{quote} Commercial or asset managers is dumb money, too and nothing to follow. Last time they were heavily long on EU above 1.22 and EU dropped how much, 2500 pips? Below parity! So yeah...not a good indicator either.If you talk to most hedge fund traders, they are dumb as rocks. Not hard to trade hundreds of billions, with no drawdown worries, as new money keeps coming in. But somehow, they can fuck even that up. Like Buffett once said, a simple wall street index outperforms 90% of all hedge funds.
I think (maybe) I would be wasting my time trying to educate you or at least try to help you see how TRULY out of the loop that you are IF this is your belief about such things. It's akin to saying that every private citizen who trades is a dumbass. It's akin to saying that men and women are equal. It's akin to saying that physical gay relationships are natural. That ...... on and on with the eg's. There's no context present. NONE. ANYWHERE.
Just as a real life side note here - WBuffet is a financial salesman and fixer NOT an "investor". Never has been. And no I didn't "read this on some website or in a book". It's basic common sense once you understand how money works and thinks. If you look at his "career" in a way where you're not bedazzled by his "career".
Something to think about.
Peter
Real Trading is not gambling.
- #764,690
- Aug 6, 2023 8:58pm Aug 6, 2023 8:58pm
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Together we can be strongest
Vantage Return This Month:
na
- #764,693
- Aug 6, 2023 9:08pm Aug 6, 2023 9:08pm
- | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Nope wasn't drink last friday, just showing people how it looks from my side. Although I will say Johnny blue is a nice drop.
No I'm not lying but you believe that if it helps you sleep better at night. I merely find social trading contemptible.
And so, putting aside calling someone a liar for a moment, what is the apparent definition of a "professional trader" ?
To wsrob - I doubt you'd want to take this into the real world. You bring your chart and I'll bring my hunting knife and rifle. We'll go razorback hunting and see what's what.
I don't contribute so I get subscribers or followers or thumbs up. I can stand on my own two feet just fine without them.
No I come from a place where websites are made not born and bred and where knowledge and libraries are not held in your hand, called the internet AKA "real life" but are tangible and exponential.
No I finished the week just the way I said I did...trade towards NFP but have enough sense not to bother with the silliness thereafter. No I merely position myself so that if I AM wrong about a trade, the only thing I am wrong about is the direction. If this is the case then I just go the other way. That's one way to minimize "losers". So for eg. the move up last friday for GBPUSD going toward the end of day and week, SHOULD HAVE been easy pickings for you all from BOTH DIRECTIONS. Why? Because THAT is what it was showing it wanted to do and "offer" IF you were paying attention.
No wsrob - not impossibility, just not lazy. I manual trade so I will usually get better results, a tried and tested fact of trading.
Yes I think the GBP is going to go up today ....... and then the USD is going to go up today.
If you do not understand the outcome lifespan of the tools you use in your trading then you are just guessing. Each tool and indicator possesses a 'naturally built-in' probability and so if you use one that has less than say, 70-80% naturally, on it's own, without manipulation or "tweaking", then you are gambling as it holds too much ambiguity and this leads to bad readouts and poor/er performance. So it's always a good idea to test them.
Peter
No I'm not lying but you believe that if it helps you sleep better at night. I merely find social trading contemptible.
And so, putting aside calling someone a liar for a moment, what is the apparent definition of a "professional trader" ?
To wsrob - I doubt you'd want to take this into the real world. You bring your chart and I'll bring my hunting knife and rifle. We'll go razorback hunting and see what's what.
I don't contribute so I get subscribers or followers or thumbs up. I can stand on my own two feet just fine without them.
No I come from a place where websites are made not born and bred and where knowledge and libraries are not held in your hand, called the internet AKA "real life" but are tangible and exponential.
No I finished the week just the way I said I did...trade towards NFP but have enough sense not to bother with the silliness thereafter. No I merely position myself so that if I AM wrong about a trade, the only thing I am wrong about is the direction. If this is the case then I just go the other way. That's one way to minimize "losers". So for eg. the move up last friday for GBPUSD going toward the end of day and week, SHOULD HAVE been easy pickings for you all from BOTH DIRECTIONS. Why? Because THAT is what it was showing it wanted to do and "offer" IF you were paying attention.
No wsrob - not impossibility, just not lazy. I manual trade so I will usually get better results, a tried and tested fact of trading.
Yes I think the GBP is going to go up today ....... and then the USD is going to go up today.
If you do not understand the outcome lifespan of the tools you use in your trading then you are just guessing. Each tool and indicator possesses a 'naturally built-in' probability and so if you use one that has less than say, 70-80% naturally, on it's own, without manipulation or "tweaking", then you are gambling as it holds too much ambiguity and this leads to bad readouts and poor/er performance. So it's always a good idea to test them.
Peter
Real Trading is not gambling.
- #764,694
- Aug 6, 2023 9:22pm Aug 6, 2023 9:22pm
- | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Real Trading is not gambling.
- #764,695
- Aug 6, 2023 9:24pm Aug 6, 2023 9:24pm
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Together we can be strongest
Vantage Return This Month:
na
- #764,696
- Aug 6, 2023 10:09pm Aug 6, 2023 10:09pm
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
{quote} {quote} Fardeen, some traders like Robert Miner allow Wave 4 to get into Wave 1 as long as the close on the daily chart is not inside Wave 1. R. Miner writes about this rule in his book you ask about a few days ago. I will trade this as an ending diagonal (Wave C) in a zig-zag pattern unless (ii) is taken out before the price drops below (iii). Set your own rules and stick with them. No, I don't want to confuse you, just go through the possible scenarios here.{image}
Thank you for the insight sir.
You are my reference for my wave analysis
More time in the market, does not mean you trade better!
- #764,697
- Aug 6, 2023 10:40pm Aug 6, 2023 10:40pm
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
buy - 1.2744 https://www.forexfactory.com/thread/...5#post14526085 {image}
- 6.4 pips
Together we can be strongest
Vantage Return This Month:
na
- #764,700
- Edited 11:29pm Aug 6, 2023 11:19pm | Edited 11:29pm
- | Membership Revoked | Joined Feb 2013 | 1,022 Posts
{quote} Numbnuts trade live what you say! Its easy to brag afterwards or copy paste forecasts from internet.
You're just here venting on us innocent bystanders because you will never ever have a girlfriend.
Get a hold of your subconscious mind before it ruins your life kid.
Good luck and you're welcome.
Trade at your own risk.