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Cable Update (GBPUSD)

  • #775,981
  • Sep 18, 2023 8:20pm Sep 18, 2023 8:20pm
Quoting kuroro001
Guys, make a thread about your rants Its so freaking annoying right, pages and pages about it I want to do a north korea ban style to all of you!
So furious, are we supposed to fear you now!?

Incase you didn't know, that is what the perpetrator wants.
Go on and grant him his wish.
Face 'ur fears & tame 'ur greed
  • #775,982
  • Sep 18, 2023 8:28pm Sep 18, 2023 8:28pm
When I was a newbie, Pat Chiko showed me how to catch fish. I have started catching mine. And what am I supposed to do. Watch him go down and do nothing about it. I would rather go down fighting for him.
Face 'ur fears & tame 'ur greed
  • #775,983
  • Sep 18, 2023 8:39pm Sep 18, 2023 8:39pm
you should be sleeping by now as boss that you are in the business
  • #775,984
  • Sep 18, 2023 8:43pm Sep 18, 2023 8:43pm
Quoting Enagy
you should be sleeping by now as boss that you are in the business
i dont sleep much, i wish i could. Usually go to bed 3am ish
  • #775,985
  • Sep 18, 2023 8:45pm Sep 18, 2023 8:45pm
Quoting eyefeelsix
{quote} wish me luck brother
You have fought a good fight.

I over leveraged my positions, that is why I took my positions out in fear of losing my earlier gains. I see the downward structure is still intact, I may join you again at LO.

JereMi.
Face 'ur fears & tame 'ur greed
  • #775,986
  • Sep 18, 2023 8:47pm Sep 18, 2023 8:47pm
Anyway it has become part of you,keep enjoying life
  • #775,987
  • Sep 18, 2023 8:54pm Sep 18, 2023 8:54pm
Quoting JereMi256
When I was a newbie, Pat Chiko showed me how to catch fish. I have started catching mine. And what am I supposed to do. Watch him go down and do nothing about it. I would rather go down fighting for him.
Almost forgot to add the irony;
While some like Pat, Scala and Coreg are teaching newbies to catch the fish, others are fishing the little fish
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Classic from Waveskierob
Face 'ur fears & tame 'ur greed
  • #775,988
  • Sep 18, 2023 8:54pm Sep 18, 2023 8:54pm
Quoting JereMi256
{quote} You have fought a good fight. I over leveraged my positions, that is why I took my positions out in fear of losing my earlier gains. I see the downward structure is still intact, I may join you again at LO. JereMi.
I work on invalidation level, that's why I can weather any kind of storm

There are only two choices in my trading decisions, getting the jackpot or nothing
https://breakpullback.com
  • #775,989
  • Sep 18, 2023 9:08pm Sep 18, 2023 9:08pm
A big bad bounce is looong overdue
1.2425 initial target of my delusion
  • #775,990
  • Sep 18, 2023 9:08pm Sep 18, 2023 9:08pm
Quoting eyefeelsix
{quote} I work on invalidation level, that's why I can weather any kind of storm There are only two choices in my trading decisions, getting the jackpot or nothing
I think that is the only recipe missing in my trading pyschology.
Thank you. Let me start adding it, immediately.
Face 'ur fears & tame 'ur greed
  • #775,991
  • Sep 18, 2023 9:19pm Sep 18, 2023 9:19pm
Quoting eyefeelsix
{quote} I work on invalidation level, that's why I can weather any kind of storm There are only two choices in my trading decisions, getting the jackpot or nothing
This reminds me of the lion, Mr. Burger.
Face 'ur fears & tame 'ur greed
  • #775,992
  • Sep 18, 2023 9:28pm Sep 18, 2023 9:28pm
Quoting BrainBucks
A big bad bounce is looong overdue 1.2425 initial target of my delusion
Not delusional at all bcoz i m long today
  • #775,993
  • Sep 18, 2023 9:31pm Sep 18, 2023 9:31pm
Quoting BrainBucks
A big bad bounce is looong overdue 1.2425 initial target of my delusion
Hi BrainBucks, if GU grips and goes the dark shaded zones on chart are where Liquidity will draw price to
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  • #775,994
  • Edited 10:08pm Sep 18, 2023 9:57pm | Edited 10:08pm
So, making 1% every day with 100$ would get you 3700$ by the end of the year. Likewise, 1000$ would get you 37000$.

We as people often forget that life is long... even tiny steps could lead to fortune. No need to use leverage...

Making less % is easier, psychologically easier, then risking big % to win big %. Ultimately, one big % loss will destroy everything, while one 1% loss will just be a tiny loss.

If you're good and consistent, you probably won't make 3700$ with 100$, but how about 1000? How about 1500$ if you're really good?
How about 10000$ with only 1000$? How about 100000$ or 50000$ with only 10000$?

Also, good thing about 1% is that you can always win 1% on every trading day be it range or not.

Now we're talkin'!
  • #775,995
  • Sep 18, 2023 10:16pm Sep 18, 2023 10:16pm
Quoting TheWraith
So, making 1% every day with 100$ would get you 3700$ by the end of the year. Likewise, 1000$ would get you 37000$. We as people often forget that life is long... even tiny steps could lead to fortune. No need to use leverage... Making less % is easier, psychologically easier, then risking big % to win big %. Ultimately, one big % loss will destroy everything, while one 1% loss will just be a tiny loss. If you're good and consistent, you probably won't make 3700$ with 100$, but how about 1000? How about 1500$ if you're really good? How about 10000$...
Great post Wraith
  • #775,996
  • Sep 18, 2023 10:29pm Sep 18, 2023 10:29pm
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yes yes yes
  • #775,997
  • Edited 11:57pm Sep 18, 2023 10:54pm | Edited 11:57pm
Quoting ScalaFX
{quote} you trade BTC sometimes? Give me your view for this, Im courius what you see buddy
I invest on spot for long term as store of wealth, any excess money i accumulate and don't need, i buy 1 bitcoin. (no longer trade it, lose to much money)


Given the strength of dollar, and recently the sentiment around chinese real estate developer failure put pressure on btc and many other assets, the bitcoin is in a weekly accumulation phase, we will see long (futures and cfds) squeeze often, on the least expected news. But i see it will retest 20-19 k level or may be lower soon. The real trend will start when the Fed shift its tone to rate cut and start its stimulus package and halving of the mining.

Untill then, i have put to limit for the ranging market 32k to 15k,

I am still holding, i only look at the price when i look forward to buy. Whatever i already buy, i dont look at it. They are in cold storage

Either i become crazy rich or broke(that when bitcoin will fail)

PS: Do you look at the on-chain data before you trade it, or simply the structure and PA

EDIT:
Here Daily chart speaks for itself
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More time in the market, does not mean you trade better!
  • #775,998
  • Edited Sep 19, 2023 12:02am Sep 18, 2023 11:03pm | Edited Sep 19, 2023 12:02am
Quoting dantpm
{quote} As debt grows the value of the currency is supposed to drop. This is why the US FED is so concerned with inflation as they keep increasing the money supply by issuing more debt.
Excellent post, i also think why the Dollar value rise, upon financial stress in USA. Because it holds the world reserve currency status, and majority of folks get out of risky assets to a more stable assets. But i wonder what the world would look like if that "safe" assets also failed?
More time in the market, does not mean you trade better!
  • #775,999
  • Sep 18, 2023 11:08pm Sep 18, 2023 11:08pm
thanks for sharing
Trading for money
  • #776,000
  • Sep 18, 2023 11:14pm Sep 18, 2023 11:14pm
Quoting Aussi
{quote} the anti gambling people on forex factory are the problem , they come has traders but have no abillitys to trade , there sole program is to discredit good traders if you look on this thread you can see them and other threads its the same thing over and over until the good traders go best thing for pat is to open his own thread and then is able to cull them has they open there mouths
the laugh is on you and all on these sites coz your problem isnt anti gambling its anti you and the idea that gambling is a healthy past time. healthy person wont rationalize divisive input and only focus on antithesis. good perspective is no one who uses real money is gonna be found or end up on these sites. what would be the reason. bored? unhappy? unsuccessful? i reckon if the sole item on a persons cv is 'i can trade and gamble' its a sad life. not good role model. not worth believing. gamblers in all forms are a dime a dozen on these sites. people here and you and your mate digger1 added. Ofc this is not popular thing to say but who cares.

if persons think they can trade, try viewing the global increases in gambling activities in the abstract. test those trading abilities and look at the trends present in that area and view problems created from it. yeah i reckon thinking gambling is a good thing and making people choose btween for or against gambling is lazy. its easier to reverse laziness than stupidity ofc.
I believe simple is best
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