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Cable Update (GBPUSD)

  • #775,501
  • Sep 17, 2023 7:35am Sep 17, 2023 7:35am
Quoting iusman23
Hello Seniors, Look at my analysis and help me correct my mistakes. GBPUSD H1: 4545446 The Orange rectangle is marking the previous 2 supports and then we can see it went bearish. It tried to retest the price upward and rejected the previous support and when bearish again. Which clearly means a downtrend to be continued. There is another long green wick upward which means sellers are in power here and the downtrend is to continue. The market closed at the price of 1.237* and when it opens up again, it will hit the green rectangle I made below the...
Just one thing, if someone has a "red diamond" does not mean in anyway that they are a capable trader for from it, all it means is that they have posted a lot, some good, some shit, some funny and some sad, that's all ...
  • #775,502
  • Sep 17, 2023 7:36am Sep 17, 2023 7:36am
Quoting dempire1
{quote} That I agree on
The other disturbing but important factor is why bother with proving a point to a d**d brain. Sigh!
Face 'ur fears & tame 'ur greed
  • #775,503
  • Sep 17, 2023 7:41am Sep 17, 2023 7:41am
Quoting JereMi256
{quote} The other disturbing but important factor is why bother with proving a point to a d**d brain. Sigh!
not proving but doing what you do which is winning
How to succeed in zero sum game?
  • #775,504
  • Sep 17, 2023 7:44am Sep 17, 2023 7:44am
Quoting dempire1
{quote} not proving but doing what you do which is winning
I stand corrected, thanks.
Face 'ur fears & tame 'ur greed
  • #775,505
  • Sep 17, 2023 7:48am Sep 17, 2023 7:48am
So plan for next week will be to long until price reaches weekly pivot (1.2436). Based on the fact that theres a 70-80% chance of price hitting the weekly pivot first (don't have the exact number to hand but this was my findings over a 52 week period back test). Will see how price reacts when we get there however we also have the most recent LH at 1.2450. If price breaks above this and holds (representing a shift in market structure on 15m/1h). I'll likely be bullish for most of the week. On the daily/4h the important level to break would be 1.2550. A break of this level would turn all significant (in my eyes) timeframes bullish and could represent a medium term bullish trend change.

Bull's have a lot of resistance to break through next week if they want to turn the tide thus I will continue to remain with the trend and be selling (after Monday) if we don't break weekly pivot and 1.2450 level with confidence.
  • #775,506
  • Sep 17, 2023 7:50am Sep 17, 2023 7:50am
Quoting W0lfram
{quote} No, you haven't. Software did Hold your shit and go learn some basics. Yearly pf is 5.6, relax 4 days after what, remind me. I think I was suspended. _______ Due to your incompetence (you have declared a pf = 1164 b/c of wrong math), you demanded the other member to prove your manipulative and false statement. Do you admit it or will you continue to spread lies?
I'm relaxed and well. Thank you for your concern. I brought your post to the members of this thread's attention b/c of your tremendous trading skills. Yes, you are correct, the computer calculated a profit factor. It's very rare to see 64 closed trades (it's a fact, you didn't tell us when you entered them) in 5 days with an admirable profit factor of 307, a winning rate of 98%, and a winning streak between 31-63 trades in a row. Absolutely awesome. You are (probably) an inspiration to many people who just started the journey in this business. If we take into consideration that you trade with a market profile it only amplifies your first-class skills to close 13 trades/day during a very challenging week. See chart below.
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I understand your obligation as Dear Leader's First Lieutenant. No hard feelings, you just doing your job by throwing more mud on me. Sorry, you left St. Petersburg, such a beautiful Russian city (or I imagine this too?). Germany is a fantastic country with awesome people (based on my half-year experience there in 1987). I hope you were welcome there as I was.
I have nothing but admiration for you and wish you well in the future. I hope that someday you close 100 trades in profit in 5 days. Good luck.
Always trade your own plan...I don't provide trading signals.
  • #775,507
  • Sep 17, 2023 8:13am Sep 17, 2023 8:13am
Quoting Coreg2004
{quote} I'm relaxed and well. Thank you for your concern. I brought your post to the members of this thread's attention b/c of your tremendous trading skills. Yes, you are correct, the computer calculated a profit factor. It's very rare to see 64 closed trades (it's a fact, you didn't tell us when you entered them) in 5 days with an admirable profit factor of 307, a winning rate of 98%, and a winning streak between 31-63 trades in a row. Absolutely awesome. You are (probably) an inspiration to many people who just started the journey in this business....
Just as one gets slapped out another appears to take their place...
  • #775,508
  • Edited 8:32am Sep 17, 2023 8:22am | Edited 8:32am
Quoting Coreg2004
{quote} I'm relaxed and well. Thank you for your concern. I brought your post to the members of this thread's attention b/c of your tremendous trading skills. Yes, you are correct, the computer calculated a profit factor. It's very rare to see 64 closed trades (it's a fact, you didn't tell us when you entered them) in 5 days with an admirable profit factor of 307, a winning rate of 98%, and a winning streak between 31-63 trades in a row. Absolutely awesome. You are (probably) an inspiration to many people who just started the journey in this business....
That post was a response to the crowd that rushed to call me a loser (which I am ) because I attacked their guru.
It’s great luck that the profit factor was not infinite at the moment. I don’t think it’s worth explaining how this is possible.
Quote
It's very rare to see 64 closed trades (it's a fact, you didn't tell us when you entered them) in 5 days with an admirable profit factor of 307,
Indeed, it is unknown whether the software takes into account the date of opening trades or not. /s
¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯
Quote
You are (probably) an inspiration to many people who just started the journey in this business.
No, I'm not.
Quote
Sorry, you left St. Petersburg, such a beautiful Russian city (or I imagine this too?).
Don't be sorry, maybe I have imagined that
Ihnen auch viel Glück.
Air force
  • #775,509
  • Edited 11:30am Sep 17, 2023 8:36am | Edited 11:30am
Quoting dempire1
{quote} There is nothing on that link, wtf you talking about?

easy there sparky..
hold your horses

the links work for me

the search was about who mentioned a 1164 profit factor first and it was coreg2004

whether he was starting shit on purpose like garrick said or miscalculated like others have pointed out wavegarrick didnt say that was his profit factor
short trump and go long the deepstate
  • #775,510
  • Sep 17, 2023 8:43am Sep 17, 2023 8:43am
What is a normal profit factor if someone can explain, so I can better understand what you guys are arguing about? Thanks!
  • #775,511
  • Sep 17, 2023 8:49am Sep 17, 2023 8:49am
Quoting TheWraith
What is a normal profit factor if someone can explain, so I can better understand what you guys are arguing about? Thanks!
Imho, question without specific answer.
Variables:
Time span
Account size
Trading paradigm
Current market condition
{...}
Above 1 is good, obviously.
Air force
  • #775,512
  • Sep 17, 2023 8:56am Sep 17, 2023 8:56am
Quoting Zebi
{quote} easy there sparky.. hold your horses the links work for me the search was about who mentioned a 1164 profit target first and it was coreg2004 whether he was starting shit on purpose like garrick said or miscalculated like others have pointed out wavegarrick didnt say that was his profit traget
First link doesn't work for me. Since Garrick has a track record of making things up and lie then my bet would be that Garrick simply deleted the post where he stated such thing.
How to succeed in zero sum game?
  • #775,513
  • Sep 17, 2023 9:03am Sep 17, 2023 9:03am
Quoting Waveskierrob
{quote} Just one thing, if someone has a "red diamond" does not mean in anyway that they are a capable trader for from it, all it means is that they have posted a lot, some good, some shit, some funny and some sad, that's all ...

waveski is right iusman

red diamond doesnt signify competence in trading

years ago the way to get a red diamond was to start multiple threads to have people subscribe to you so you can jump the line and get that red dot...if you look at peoples profiles youll see many guys started 10 or 20 threads many just stupid ones for those subscribers...you definietly want to stay away from those guys unless their charts make sense.

now days beginners show up and game the system by subscribing to hundreds or thousands of people..theres this guy named saal over at the gold thread who subscribed to 2700 people and many of them in turn subscribed back to him to be buddies and that tricked the algorithm into giving him a popularity score and the red diamond after 34 posts LOL
https://www.forexfactory.com/saal

there many guys doing that now and getting those red dots by scamming the system...why they do it youd have to ask them so dont automatically listen to someone with a red dot untill at minimum youve looked thru their images meaning charts on their profile page to see if they show competency
short trump and go long the deepstate
  • #775,514
  • Sep 17, 2023 9:14am Sep 17, 2023 9:14am
im probably the only person on FF he hasnt subscribed to cause i laughed at him about his number of subscriptions couple months ago LOL
short trump and go long the deepstate
  • #775,515
  • Sep 17, 2023 9:14am Sep 17, 2023 9:14am
Quoting Zebi
{quote} waveski is right iusman red diamond doesnt signify competence in trading years ago the way to get a red diamond was to start multiple threads to have people subscribe to you so you can jump the line and get that red dot...if you look at peoples profiles youll see many guys started 10 or 20 threads many just stupid ones for those subscribers...you definietly want to stay away from those guys unless their charts make sense. now days beginners show up and game the system by subscribing to hundreds or thousands of people..theres this guy named...
Yes remember not too long back someone posted a screenshot of Garrick asking others to subscribe to him and he would return the favour ...

Edited : see that Saal and Garrick are buddies...
  • #775,516
  • Sep 17, 2023 9:48am Sep 17, 2023 9:48am
Quoting Wavegarrick
{quote} He is very confused. Here are the links of the whole discussion that Zebi was referring to. Post # 760,390 Post # 760,398 His baseless allegations of me claiming a profit factor of 1164 is in fact him telling me I have a profit factor of 1164. He is totally confused and does not know how to read an mt4 chart. When I showed my open trades from my platform he jumped to the conclusion that these...
Well that didn't last long....top right corner..
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  • #775,517
  • Sep 17, 2023 9:54am Sep 17, 2023 9:54am
Quoting Zebi
{quote} waveski is right iusman red diamond doesnt signify competence in trading years ago the way to get a red diamond was to start multiple threads to have people subscribe to you so you can jump the line and get that red dot...if you look at peoples profiles youll see many guys started 10 or 20 threads many just stupid ones for those subscribers...you definietly want to stay away from those guys unless their charts make sense. now days beginners show up and game the system by subscribing to hundreds or thousands of people..theres this guy named...
Yeh they should probably just get rid of the whole diamond thing, I can't see a single useful purpose it actually serves.
  • #775,519
  • Sep 17, 2023 10:13am Sep 17, 2023 10:13am
My observation, I think FIB 78.6% should be a trend (serious next move) confirmed. have collected some examples in GU H1 charts.
1.25127 is the premium sell price of these 2 swings stage.
My idea next is pull back to 1.246 ,not sure how long will stay there, then continue down move.
GU now has stepped to 1.244 ~ 1.180 price zone. wow~ time passes soon. here we are again, can we go further down more?
Big chance but nothing for sure!

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  • #775,520
  • Sep 17, 2023 10:21am Sep 17, 2023 10:21am
Quoting Wavegarrick
Hidden
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