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Cable Update (GBPUSD)

  • #765,781
  • Aug 9, 2023 10:51pm Aug 9, 2023 10:51pm
if you start with $5000 and make 5 percent per day and compound that daily ..in 2 years ...you will end up with


$14,521,245,656,124,688,000.00

come on!!!! lets be realistic...we are in the realm of waveskierob now!!!
  • #765,782
  • Aug 9, 2023 10:55pm Aug 9, 2023 10:55pm
Quoting ninner
{quote} Impossible to make 5 percent every day....impossible to make a profit every day!!!
yes its impossible 5%/day...but still can make profits everyday..just focus on pips..money will follow..
  • #765,783
  • Aug 9, 2023 11:09pm Aug 9, 2023 11:09pm
Quoting PeterCaleb
If you cannot do it with 10pip movements how the hell are you gonna do it on anything bigger? Just a thought. Peter
I see lines in hindsight on your chart. That's it. Wow!
  • #765,784
  • Aug 9, 2023 11:11pm Aug 9, 2023 11:11pm
Quoting ninner
if you start with $5000 and make 5 percent per day and compound that daily ..in 2 years ...you will end up with $14,521,245,656,124,688,000.00 come on!!!! lets be realistic...we are in the realm of waveskierob now!!!
Is there any broker who can pay this money ?

ha..ha..
Intraday only.
  • #765,785
  • Aug 9, 2023 11:25pm Aug 9, 2023 11:25pm
Quoting FocusWinReal
{quote} I see lines in hindsight on your chart. That's it. Wow!
I think it's funny all you silly people who are commenting the way you are re: my posts.

ALL you are showing is you are not a real trader, your knowledge and know-how is limited to a website.

So keep going. Any person with real experience IS the one laughing.

FACT of trading: If you can generate 0.5% in a day then you can do 5%. But the way I see most people "doing it", you'd be lucky to have much real consistency. However if this stretches your limits, then you don't trade, you speculate.

Now who's laughing.

Oh yes ...... me.

Have fun.


Peter
Real Trading is not gambling.
  • #765,786
  • Aug 9, 2023 11:28pm Aug 9, 2023 11:28pm
continued weakness in the yen and a continued ramp down with front door flows going into the euro and backdoor floors going into the pound and usd complexes...for asia with european session getting ready to fire up....have to see if this continues...a lively session.
  • #765,787
  • Aug 9, 2023 11:31pm Aug 9, 2023 11:31pm
Quoting Bella.al
{quote} Cable Update : Trend-0.37 Good Morning, Yesterday, the Price couldn't Squared with Time, hence i had to request new Date Value ,Over Sold level and Support Box. Intraday Fluctuations : I don't have any system to trade intraday fluctuations , but i expect by beta v1.9 end there will be intraday trading available as well Trend-0.37 Technical Analysis Trend Direction : Short Date Started : 27.07.2023 Price Started : 1.29951 Expected Change: 11.08.2023 Support Box : 1.24561 - 1.24283 Bella's Blue ( beta v1.8 ) {image}
Cable Update : Trend-0.37

Good Morning,
Yesterday, the price couldn't break above key resistance 1.28075 at my end to put some bullish pressure and fell short near that level.
Today , using some basic candle stick pattern calculations (by Bella ) .

Yesterday High : 1.27816
Yesterday Low : 1.27114
Yesterday Close : 1.27169

Daily Candle Stick Reversal Level : 1.27630 , a Daily Close Above this level is required to bring back some of Bullish Pressure.

Trend-0.37 is looking to change in trend on 11.08.2023 if it can come to the Support Box through Over Sold area. If not new calculations are required.

Last Traded : 27.07.2023 , Short from 1.29556 , Closed Trailing : 1.28068 , +149 Pips

Bella's Blue ( Beta v1.8 )
Attached Image (click to enlarge)
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Goddess of Thunder..
  • #765,788
  • Aug 9, 2023 11:35pm Aug 9, 2023 11:35pm
Quoting ninner
{quote} Impossible to make 5 percent every day....impossible to make a profit every day!!!
This is all theoretically possible, but not as possible in practice hahah.

Being constantly profitable... professional traders don't have more than 65, 70% of winning trades, but they make money due to a very good money management strategy and proven to be good system they use that give them slightly more chance than 50/50 on each trade.

5% a day is how much per year? How much money would one have by doing 5% every trading day? We're talking about all existing US Dollars in the world and then some!

5% is simply not true than. Maybe we misunderstood what he is saying about 5%, maybe he meant he does 5% in a Month which would also be very impressive.
  • #765,789
  • Aug 9, 2023 11:35pm Aug 9, 2023 11:35pm
Quoting PeterCaleb
{quote} I think it's funny all you silly people who are commenting the way you are re: my posts. ALL you are showing is you are not a real trader, your knowledge and know-how is limited to a website. So keep going. Any person with real experience IS the one laughing. FACT of trading: If you can generate 0.5% in a day then you can do 5%. But the way I see most people "doing it", you'd be lucky to have much real consistency. However if this stretches your limits, then you don't trade, you speculate. Now who's laughing. Oh yes ...... me. Have fun....

  • #765,790
  • Aug 9, 2023 11:41pm Aug 9, 2023 11:41pm
Quoting TheWraith
{quote} This is all theoretically possible, but not as possible in practice hahah. Being constantly profitable... professional traders don't have more than 65, 70% of winning trades, but they make money due to a very good money management strategy and proven to be good system they use that give them slightly more chance than 50/50 on each trade. 5% a day is how much per year? How much money would one have by doing 5% every trading day? We're talking about all existing US Dollars in the world and then some! 5% is simply not true than. Maybe...
I posted what 5 percent per day compounded daily would be in 2 years if you read my post!!!
  • #765,791
  • Aug 9, 2023 11:57pm Aug 9, 2023 11:57pm
Quoting ninner
{quote} I posted what 5 percent per day compounded daily would be in 2 years if you read my post!!!
Did you remove Saturday and Sunday from the calculation?
More time in the market, does not mean you trade better!
  • #765,792
  • Aug 9, 2023 11:59pm Aug 9, 2023 11:59pm
Quoting navk
{quote} Is there any broker who can pay this money ? ha..ha..
It isn't the broker's money, its the market's money.

This market money also has to come from somewhere. Imagine what pulling this much out of the market would do to the debt levels of the various governments.
  • #765,793
  • Aug 10, 2023 12:15am Aug 10, 2023 12:15am
Inserted Video
  • #765,794
  • Aug 10, 2023 12:18am Aug 10, 2023 12:18am
No matter how ranging it is on 1hr, the 4hr structure has not clearly produced a Shift in Market structure. So LL is more favourable.
Attached Image (click to enlarge)
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As for Support, i see 4hr Unmitigated Demand Zone to be a "good" support to initiate a new swing
Attached Image (click to enlarge)
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More time in the market, does not mean you trade better!
  • #765,795
  • Aug 10, 2023 12:42am Aug 10, 2023 12:42am
Quoting Fardeen1209
No matter how ranging it is on 1hr, the 4hr structure has not clearly produced a Shift in Market structure. So LL is more favourable.{image} As for Support, i see 4hr Unmitigated Demand Zone to be a "good" support to initiate a new swing {image}

see my posts above regarding trading this pair....not a good time at the moment.

hope this helps.
  • #765,796
  • Aug 10, 2023 12:56am Aug 10, 2023 12:56am
Quoting ninner
{quote} see my posts above regarding trading this pair....not a good time at the moment. hope this helps.
Ik, we are already at support zone. The chance to get stopped out of short trades become higher.
But if we wont take calculated risk, how will we become great?

I'm just following the structure. Sell low and buy back lower! While majority will buy hoping for a retracement in a downswing and sell hoping for a retracement in an upswing, as if we are in a supermarket where price seems to be a bargain or expensive.
More time in the market, does not mean you trade better!
  • #765,797
  • Aug 10, 2023 12:59am Aug 10, 2023 12:59am
took short gj for 70 pips
Attached Image(s) (click to enlarge)
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yes yes yes
  • #765,798
  • Aug 10, 2023 1:00am Aug 10, 2023 1:00am
Quoting Fardeen1209
{quote} Ik, we are already at support zone. The chance to get stopped out of short trades become higher. But if we wont take calculated risk, how will we become great?
i wouldnt be long or short tbh...flows are going into both complexes...not the best place to be in my view...if you want to trade the gbp ..i would be in the gbpjpy or the gbpchf...just my thoughts.
  • #765,799
  • Aug 10, 2023 1:04am Aug 10, 2023 1:04am
Quoting ninner
{quote} i wouldnt be long or short tbh...flows are going into both complexes...not the best place to be in my view...if you want to trade the gbp ..i would be in the gbpjpy or the gbpchf...just my thoughts.
I no longer trade cross pair as i dont get a consistent result from them. Stick to GU,EU,AU and UJ at the moment. Next pair will be UCHF- took couple trades there seems to give a consistent result and less spike out of nowhere.
More time in the market, does not mean you trade better!
  • #765,800
  • Aug 10, 2023 1:09am Aug 10, 2023 1:09am
This is enuff b4 CPI.

Going to sleep now.

Due to this open trades I was awake until 2 am est !!
Attached Image (click to enlarge)
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Intraday only.
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