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Cable Update (GBPUSD)

  • #767,241
  • Aug 15, 2023 6:06am Aug 15, 2023 6:06am
Quoting voeltoez
{quote} even its a demo..just carefull while using lot.. it will affect your psychology when you trading real money.. i suggest if you plan to trade real money $1000 tomorrow....then you have trade demo $1000..so you can trying and learn good lot and money management.. cmiiw..
I'd suggest go one step further - start with half of what you intend to use live. Better lesson to learn.
Real Trading is not gambling.
  • #767,242
  • Aug 15, 2023 6:10am Aug 15, 2023 6:10am
Quoting voeltoez
{quote} even its a demo..just carefull while using lot.. it will affect your psychology when you trading real money.. i suggest if you plan to trade real money $1000 tomorrow....then you have trade demo $1000..so you can trying and learn good lot and money management.. cmiiw..
Thanks bro.
But i dont think i can return to real account in short amount of time, this just for fun so i will not hasty to Deposite any real money soon

So far so good, small drawdown but i may need to see in a month of trading demo
Maybe next moon will joining octafx demo contest.
Any broker that had demo contest win real money bro?
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  • #767,243
  • Aug 15, 2023 6:19am Aug 15, 2023 6:19am
We are selling on top of a big bullish Green D1 candle.. let’s see if it will melt down.
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  • #767,244
  • Aug 15, 2023 6:24am Aug 15, 2023 6:24am
Scalpers paradise
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yes yes yes
  • #767,245
  • Aug 15, 2023 6:25am Aug 15, 2023 6:25am
Quoting PeterCaleb
{quote} I'd suggest go one step further - start with half of what you intend to use live. Better lesson to learn.
yes..for me better trade cent account than demo,,only with $10 we can trade $1000..good for training live acc..
  • #767,246
  • Aug 15, 2023 6:26am Aug 15, 2023 6:26am
Quoting GODofMC
{quote} Thanks bro. But i dont think i can return to real account in short amount of time, this just for fun so i will not hasty to Deposite any real money soon So far so good, small drawdown but i may need to see in a month of trading demo Maybe next moon will joining octafx demo contest. Any broker that had demo contest win real money bro? {image}
propfirm now have demo contest.. the prize is live funded account..you can try research..
  • #767,247
  • Aug 15, 2023 6:32am Aug 15, 2023 6:32am
Probably adding GBP/CHF and AUD/NZD today.
  • #767,248
  • Aug 15, 2023 6:33am Aug 15, 2023 6:33am
Quoting Robinhood1
{quote} Just checked mt5 historics between 18 july and 1 agosto. 173 trades. And for the few that find it profitable,( your statement). If this is not a 100% winrate, It is not sustainable. You cannot beat the Algo controlling the markets through AI. It drives price to Natural law(limit) without pretending to.
And how many of those POTENTIAL 173 trades do you think a typical retail trader, who is likely working a full-time job and has domestic responsibilities outside of work, could actually be taken?
To free Gazans of Hamas, use whatever it takes.
  • #767,249
  • Aug 15, 2023 6:41am Aug 15, 2023 6:41am
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yes yes yes
  • #767,250
  • Aug 15, 2023 6:43am Aug 15, 2023 6:43am
AUD/NZD Daily Chart

W Pattern
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  • #767,251
  • Aug 15, 2023 6:45am Aug 15, 2023 6:45am
just closed GU for small profit and got stopped out in my sleep for small profit on AU
short trump and go long the deepstate
  • #767,252
  • Aug 15, 2023 6:46am Aug 15, 2023 6:46am
Nothing much going on on GBP/USD...

On one hand, H4 chart suggest that price will hit 1.2775 today, on the other hand 15M is starting to change from Bullish to Bearish.

Retail Sales in 45 minutes and then we'll see what is the real direction for today.

Daily Chart...

Main Resistance is @ 1.27200

Main Support is @ 1.26100

You can look at it as H&S Pattern. If the low (1.26000) of the left Shoulder is taken out, then price will get momentum for lower levels and will complete the H&S Pattern somewhere below 1.24.
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  • #767,253
  • Aug 15, 2023 6:50am Aug 15, 2023 6:50am
Quoting Zebi
just closed GU for small profit and got stopped out in my sleep for small profit on AU

was in 50 pip profit overnite on AU at the max but didnt use a trailing stop so just ended up with 12 i ended up making more on my GU long LOL
short trump and go long the deepstate
  • #767,254
  • Aug 15, 2023 6:57am Aug 15, 2023 6:57am
Quoting voeltoez
{quote} yes..for me better trade cent account than demo,,only with $10 we can trade $1000..good for training live acc..
I think that you learn more from a cent account than a demo account.
  • #767,255
  • Aug 15, 2023 7:00am Aug 15, 2023 7:00am
Quoting TheWraith
{quote} Average Impact Of High-Impact News For GBP/USD In Pips (2023) US News: ISM Manufacturing PMI - 36 JOLTS Job Openings - 46 ADP Non-Farm Employment Change - 38 Non-Farm Employment Change - 72 ISM Services PMI - 69 CPI Y/Y - 84 Prelim UOM Consumer Sentiment - 39 Empire State Manufacturing Index - 36 PPI M/M - 47 Retail Sales M/M - 47 Flash Services PMI - 38 Advance GDP Q/Q - 50 Core PCE Price Index M/M - 35 CB Consumer Confidence - 31 Federal Funds Rate - 77 Prelim GDP Q/Q - 37 Unemployment Claims - 43 Flash Manufacturing PMI - 37 Final GDP...
This is a list of High-Impact News and the average impact they make. I'll quote this post every so often so I don't have to search for it constantly in the history.

For Retail Sales, average impact is around 47 pips.
  • #767,256
  • Aug 15, 2023 7:05am Aug 15, 2023 7:05am
Went scalping... Short.

SL 1.27200
TP 1.26906

*TP Removed..
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  • #767,257
  • Aug 15, 2023 7:08am Aug 15, 2023 7:08am
Quoting LifeRider
{quote} After getting shaken out of my shorts due to Terry (T721) wanting to drive Cable up, the 1 hr structure changed to a long, so I'm long. Here's some targets: {image}
We going up now???
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Pretty please?
I have no clue where it's going
  • #767,258
  • Aug 15, 2023 7:09am Aug 15, 2023 7:09am
GU MACD and RSI have risen, so we are going long. Close when the chart basic-fib reverse crosses.

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  • #767,259
  • Aug 15, 2023 7:11am Aug 15, 2023 7:11am
Quoting dantpm
{quote} I think that you learn more from a cent account than a demo account.
yeeah different psychology
  • #767,260
  • Aug 15, 2023 7:15am Aug 15, 2023 7:15am
Quoting voeltoez
{quote} yeeah different psychology
I don't believe that demo account trades are posted as promptly as real account trades and real account trades have to be matched where demo account trades do not as well.
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