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Cable Update (GBPUSD)

  • #767,441
  • Aug 15, 2023 5:00pm Aug 15, 2023 5:00pm
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yes yes yes
  • #767,442
  • Aug 15, 2023 5:03pm Aug 15, 2023 5:03pm
Quoting Moty
{image}

moty..we got to work on our exits...we both screwed up on AU profits
short trump and go long the deepstate
  • #767,443
  • Aug 15, 2023 5:19pm Aug 15, 2023 5:19pm
Quoting Zebi
{quote} moty..we got to work on our exits...we both screwed up on AU profits
Just look to where price will be drawn to ---- grey area on chart --- just keep it simple
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  • #767,444
  • Aug 15, 2023 5:22pm Aug 15, 2023 5:22pm
Quoting Fx3423454
{quote} Exactly.... Certain people just love to overcomplicate things in here... And they love to mislead newbies. They are like the drug dealers of the thread trying to induce newbies into scalping.
Hi mate one of the things new traders should learn is "consistency" of wins , has you know its a constant struggle to get consistency in wins , i was a long term trader a long time ago but found that has got its impediments like negative swaps news are just a few , one reason i turned to scalping was the short term gains which inproved my trading , it does not matter how you get the cash all have different ways to get it ,has it is ALL ABOUT THE CASH , kindest regards
people leave, but this thread will go on for ever
  • #767,445
  • Aug 15, 2023 5:25pm Aug 15, 2023 5:25pm
Quoting Aussi
{quote} Hi mate one of the things new traders should learn is "consistency" of wins , has you know its a constant struggle to get consistency in wins , i was a long term trader a long time ago but found that has got its impediments like negative swaps news are just a few , one reason i turned to scalping was the short term gains which inproved my trading , it does not matter how you get the cash all have different ways to get it ,has it is ALL ABOUT THE CASH , kindest regards
Hey Aussi, when you get time lets get on zoom --- be good to talk pal
  • #767,446
  • Aug 15, 2023 5:37pm Aug 15, 2023 5:37pm
Quoting Aussi
{quote} Hi mate one of the things new traders should learn is "consistency" of wins , has you know its a constant struggle to get consistency in wins , i was a long term trader a long time ago but found that has got its impediments like negative swaps news are just a few , one reason i turned to scalping was the short term gains which inproved my trading , it does not matter how you get the cash all have different ways to get it ,has it is ALL ABOUT THE CASH , kindest regards
Some of the best strategies have only a 40%-60% win rate. I prefer to look at my bottom line. Glad your trading has improved!

I trade both long/short term, not limited to FX. Not all brokers have swaps. Also, sometimes swaps run in your favor.

Thanks for your feedback.
Trade at your own risk.
  • #767,447
  • Aug 15, 2023 5:38pm Aug 15, 2023 5:38pm
Quoting T721
{quote} Hey Aussi, when you get time lets get on zoom --- be good to talk pal
Hi T721 , Dont have it mate dont know how it works at 72 cant be bothered to learn , i see you are going great guns and showing the way , kindest regards
people leave, but this thread will go on for ever
  • #767,448
  • Aug 15, 2023 5:43pm Aug 15, 2023 5:43pm
Quoting Fx3423454
{quote} Some of the best strategies have only a 40%-60% win rate. I prefer to look at my bottom line. Glad your trading has improved! Thanks for your feedback.
been trading FOREX for 40 plus years mate when phones were used to do the orders seen them come seen the go i also prefer to look at my bottom line ,
people leave, but this thread will go on for ever
  • #767,449
  • Aug 15, 2023 5:46pm Aug 15, 2023 5:46pm
Quoting Aussi
{quote} been trading FOREX for 40 plus years mate when phones were used to do the orders seen them come seen the go i also prefer to look at my bottom line ,
Wow 40yrs + --- finally met someone in the game longer than i have been in ... im a youngster at 31yrs
  • #767,450
  • Aug 15, 2023 5:50pm Aug 15, 2023 5:50pm
Quoting Aussi
{quote} been trading FOREX for 40 plus years mate when phones were used to do the orders seen them come seen the go i also prefer to look at my bottom line ,
Sweet bro.
Trade at your own risk.
  • #767,451
  • Aug 15, 2023 5:52pm Aug 15, 2023 5:52pm
Quoting Aussi
{quote} been trading FOREX for 40 plus years mate when phones were used to do the orders seen them come seen the go i also prefer to look at my bottom line ,

40 years..wow...how did you handle the requotes or were you at a bank

in 2000 i remember forex infancy and tried a demo and everytime i clicked the buy or sell button i got requoted and immediately wemt back to futures LOL
short trump and go long the deepstate
  • #767,452
  • Aug 15, 2023 5:54pm Aug 15, 2023 5:54pm
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  • #767,453
  • Aug 15, 2023 6:06pm Aug 15, 2023 6:06pm
Quoting T721
{quote} Wow 40yrs + --- finally met someone in the game longer than i have been in ... im a youngster at 31yrs
I recall, the days of phones, financial times back pages and teletext for options updated every 15 minutes (delayed of course) ... cutting edge times eh?
always learning
  • #767,454
  • Aug 15, 2023 6:08pm Aug 15, 2023 6:08pm
Quoting T721
{quote} Wow 40yrs + --- finally met someone in the game longer than i have been in ... im a youngster at 31yrs
well mate once retired i slowed down a bit and now have a few hobbys which i am new to love them , now you being younger have it all in front of you
people leave, but this thread will go on for ever
  • #767,455
  • Aug 15, 2023 6:09pm Aug 15, 2023 6:09pm
Quoting griffc
{quote} I recall, the days of phones, financial times back pages and teletext for options updated every 15 minutes (delayed of course) ... cutting edge times eh?
in those days it seemed easy but looking back it was a tough time compared to days trading
people leave, but this thread will go on for ever
  • #767,456
  • Aug 15, 2023 6:14pm Aug 15, 2023 6:14pm
Quoting Zebi
{quote} 40 years..wow...how did you handle the requotes or were you at a bank in 2000 i remember forex infancy and tried a demo and everytime i clicked the buy or sell button i got requoted and immediately wemt back to futures LOL
yes tech was so slow or none existent never worked in a bank had a grounding on the share markets which helped the transition to forex and of course min amount to get a account was $50000,00 unlike to day at $50 had mates in the banking which did help but nothing was easy
people leave, but this thread will go on for ever
  • #767,457
  • Aug 15, 2023 6:25pm Aug 15, 2023 6:25pm
welp..im gona try the kiwi tonight..will place orders 30 min before fireworks
short trump and go long the deepstate
  • #767,458
  • Aug 15, 2023 6:37pm Aug 15, 2023 6:37pm
Quoting Konichiwhaat
{quote} Spike. Negative. Short
Came right in the end
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Emotional Control. Process, not outcome.
  • #767,459
  • Aug 15, 2023 6:58pm Aug 15, 2023 6:58pm
Quoting Ferna
smart money/algos, a.i, central banks intervention and political instability. Isnt it different today? You have old charts from 80s and 90s ?
Ferna,
SMC is crap for retail to believe in?
Algorithms are not just digital or computerised. https://en.wikipedia.org/wiki/Algorithm
Read The creature from Jeckyll Island.
Political instability has always been present in various forms and iterations.
Day trading patterns of early 2000's are different to today. The guy in the following link talks about it, an interesting talk but me follow not!
Inserted Video

Cheers...
  • #767,460
  • Aug 15, 2023 7:00pm Aug 15, 2023 7:00pm
i closed my GU shorts for 40 pips

dont want to squirm in a range all nite
short trump and go long the deepstate
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