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Cable Update (GBPUSD)

  • #770,721
  • Aug 27, 2023 5:36pm Aug 27, 2023 5:36pm
I'm aiming for Cable to reach 23.6% of the total move up which conveniently lines up with 78.6% of the recent weekly swing up:
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I will most likely close out my shorts and start buying blind. I will enter shorts if the 1 hr and 4 hr structure down holds.

Don't copy me - I'm still learning. I'm not using a stop loss currently.

Thank you.
I have no clue where it's going
  • #770,722
  • Edited 7:33pm Aug 27, 2023 5:45pm | Edited 7:33pm
Quoting TheWraith
{quote} USD/JPY going to 106 in the couple of Weeks? You're talking about Black Swan? We know interventions are about 500-600 pips. You're talking about a drop of 4000 pips in couple of Weeks? Even I'm not that optimistic!
Of course, this could happen but personally I wouldn't count on it. Anything can happen of course. But I trade only using quantitative/statistical strategies now. I am not giving any advice just want to add my opinion. I wouldn't be surprised if the BoJ tries to fight against the historical trend of JPY being a safe haven in order to weaken their currency.

Also, before anyone slings shit at me. My quant trades have anywhere between 60%- and 100%-win rate. So, they are not always correct. But they certainly kick the markets ass. Intelligent people will understand my point. The haters and lunatics will try to warp everything of course.
Trade at your own risk.
  • #770,723
  • Aug 27, 2023 5:54pm Aug 27, 2023 5:54pm
ONE OF THE HARDEST THING IN TRADING WITH EMAS IS . Trading against the lag of the EMAS until the EMAS become the trend Emas Then when and if they get into the trend ,, is to realise when conjunction is there bet your shirt on it . If you have the open mindset and the balls together with a big trading account is to go for it … believe me I have made it work
  • #770,724
  • Aug 27, 2023 6:56pm Aug 27, 2023 6:56pm
Quoting dempire1
What do you guys think: What makes a trader profitable? And why so many lose?
part of my last post could answer this .okay close to fire and you get burnt .. open your big time charts and trade what you see in the lower charts . You will find a lot of people here pretend they’re good . Why .. ego . One of the reasons I stopped posting .. keep on reading the same bull . But don’t get me wrong there are some good traders here . The good ones will show trading strategies or where they think price will go . But when price goes the other way they don’t hold their hands up and say I got it wrong .Navk is probably one of the closest of being honest . Fontu Online . I know they lose .. but they show their intended trades .. one just had to read between their posts . I liked Mr Scott trading page . A lot of good traders there . But sadly he’s also stopped posting. Check out his past pages . So many others .. but into a bottle of red wine now and eyes are closing. So trade what you see .. don’t hang onto losing trades . There is always another trade … don’t lie .don’t let ego get to you .. and people will always find out if you are false in any form of your life . Regards E
  • #770,725
  • Aug 27, 2023 6:57pm Aug 27, 2023 6:57pm
trend trading with an ma, like ema = start big(not big as in BIG leverage! big compared to how much future positions will be...), and lower trading volume with every entry, and never ever get in again if in loss with any position.... Waiting till all back in profit, then get back on buying/selling with the trend. That can also help, for certain approaches with using one MA to trade...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #770,726
  • Aug 27, 2023 6:59pm Aug 27, 2023 6:59pm
Quoting TheWraith
{quote} USD/JPY going to 106 in the couple of Weeks? You're talking about Black Swan? We know interventions are about 500-600 pips. You're talking about a drop of 4000 pips in couple of Weeks? Even I'm not that optimistic!

i see i didnt specify its the bad ass dollar futures goin to 106

next time i upgrade my computer ill come back with a new username since i always use fake email accounts to register places so wont get my password from FF :::

as B.A.M.F in honor of the american dollar
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short trump and go long the deepstate
  • #770,727
  • Aug 27, 2023 7:08pm Aug 27, 2023 7:08pm
Quoting mtako
trend trading with an ma, like ema = start big(not big as in BIG leverage! big compared to how much future positions will be...), and lower trading volume with every entry, and never ever get in again if in loss with any position.... Waiting till all back in profit, then get back on buying/selling with the trend. That can also help, for certain approaches with using one MA to trade...
of course, need exits along the way to avoid large dd during retracement/corrections, which could become extremely large when compounding... when exits one in loss, make sure to close older position/s, enough to cover not only the loss, but at least twice the loss of said position... then wait and see if trend continues or not...

For entry = identify what occurences happen more on the trending side (if uptrend, that is in the new highs...)
For exits = identify occurrences that do NOT happen often when price is in opposite side of trending range(in the lows when in uptrend, for example)....
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #770,728
  • Aug 27, 2023 7:19pm Aug 27, 2023 7:19pm
i see there more accusations ,acrimony and drama on a sunday in the room so i suggest people join hands you lovebirds

Inserted Video
short trump and go long the deepstate
  • #770,729
  • Aug 27, 2023 7:37pm Aug 27, 2023 7:37pm
Quoting Zebi
i see there more accusations ,acrimony and drama on a sunday in the room so i suggest people join hands you lovebirds https://youtu.be/Y3-3WGvNW_o
thanks for the video mate, I enjoyed it plenty, laughed out loud !
And boy oh boy are those women beautiful !!!
No matter the decade, I just can't believe how beautiful you are, all of you!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #770,730
  • Aug 27, 2023 7:39pm Aug 27, 2023 7:39pm
GBP/USD Levels

R1 - 1.26345
R2 - 1.26775
R3 - 1.27400

S1 - 1.23700
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  • #770,731
  • Aug 27, 2023 7:48pm Aug 27, 2023 7:48pm
MXN.JPY has a 56% chance of going up on any given trading day. Not that compelling/interesting but most other pairs are even worse.

Most major FX pairs historically have about 50/50 chance of going in either direction on any given trading day. It's no wonder why people fail at trading FX.
Trade at your own risk.
  • #770,732
  • Aug 27, 2023 7:53pm Aug 27, 2023 7:53pm
Quoting Fx3423454
MXN.JPY has a 56% chance of going up on any given trading day. Not that compelling/interesting but most other pairs are even worse. Most major FX pairs historically have about 50/50 chance of going in either direction on any given trading day. It's no wonder why people fail at trading FX.
Wtf
  • #770,733
  • Aug 27, 2023 7:57pm Aug 27, 2023 7:57pm
Quoting BrainBucks
{quote} Wtf
Obviously, you can trade the trends in FX, you can see that GBP.USD has been going down for decades. But, insofar as day trading statistical probabilities it seems far less fruitful.
Trade at your own risk.
  • #770,734
  • Aug 27, 2023 8:07pm Aug 27, 2023 8:07pm
60pipsOVER during GBPJPY long. It looks like it's going to open last week in 4 hours.
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GBPUSD is rising against headwinds. Should we go for 50% and go long when it returns?

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  • #770,735
  • Aug 27, 2023 8:13pm Aug 27, 2023 8:13pm
Quoting Fx3423454
MXN.JPY has a 56% chance of going up on any given trading day. Not that compelling/interesting but most other pairs are even worse. Most major FX pairs historically have about 50/50 chance of going in either direction on any given trading day. It's no wonder why people fail at trading FX.
I concur, Mr.Price is indeed a bloody hard nut to crack !

even +-50% is pretty much what most used patterns/occurrences, etc. individually bring to the table...
Why mm is so important.
Also why it is important to diversify.
Also why it is important to master sideways... why, 50% is actually shared with sideways, so it's not really +-50% up or down...

Mr.Price, you drive many good lads nuts !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #770,736
  • Aug 27, 2023 8:15pm Aug 27, 2023 8:15pm
There is a downward divergence in the 1-hour USD/JPY chart, but what about that?
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  • #770,737
  • Aug 27, 2023 8:20pm Aug 27, 2023 8:20pm
Moved GBP Yen SL to +10%. Now? ?

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  • #770,738
  • Aug 27, 2023 8:55pm Aug 27, 2023 8:55pm
Quoting mtako
{quote}I concur, Mr.Price is indeed a bloody hard nut to crack ! even +-50% is pretty much what most used patterns/occurrences, etc. individually bring to the table... Why mm is so important. Also why it is important to diversify. Also why it is important to master sideways... why, 50% is actually shared with sideways, so it's not really +-50% up or down... Mr.Price, you drive many good lads nuts ! {image}
i reckon its been said so mnay times now that the crowd is usually wrong in more ways than they know.
I believe simple is best
  • #770,739
  • Aug 27, 2023 9:02pm Aug 27, 2023 9:02pm
Quoting Yngwie
Long 1.2555
Closed 45p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #770,740
  • Aug 27, 2023 9:16pm Aug 27, 2023 9:16pm
Quoting mtako
{quote}I concur, Mr.Price is indeed a bloody hard nut to crack ! even +-50% is pretty much what most used patterns/occurrences, etc. individually bring to the table... Why mm is so important. Also why it is important to diversify. Also why it is important to master sideways... why, 50% is actually shared with sideways, so it's not really +-50% up or down... Mr.Price, you drive many good lads nuts ! {image}
Quoting ArnoldPike
{quote} i reckon its been said so mnay times now that the crowd is usually wrong in more ways than they know.
Indeed. To say and to do are two completely different things.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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