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Cable Update (GBPUSD)

  • #776,461
  • Sep 19, 2023 1:14pm Sep 19, 2023 1:14pm
Quoting dantpm
{quote} Not sure how Terry is scamming anyone. He offers to hold a zoom chat and share information on how he trades. Your friend that lost $500 would probably have lost it anyway!
I think that Kareem meant to say that his friend lost ONLY $500 rather than $2500 that he would have lost if he hadn't used T's training to get some positive trades closed.
To free Gazans of Hamas, use whatever it takes.
  • #776,462
  • Sep 19, 2023 1:18pm Sep 19, 2023 1:18pm
Quoting DrDave
{quote} I think that Kareem meant to say that his friend lost ONLY $500 rather than $2500 that he would have lost if he hadn't used T's training to get some positive trades closed.
People don't plan to lose. They lose because they don't plan.
  • #776,463
  • Sep 19, 2023 1:19pm Sep 19, 2023 1:19pm
Quoting T721
{quote} Yeah right ...
Oops! Now he's got you, T722! He has the transaction receipt with your name and credentials on it as the payee and he will be posting them on every social media site that he belongs to.

You better leave town now before the police get their arrest warrant signed and come after you.
To free Gazans of Hamas, use whatever it takes.
  • #776,464
  • Sep 19, 2023 1:21pm Sep 19, 2023 1:21pm
Quoting DrDave
{quote} Oops! Now he's got you, T722! He has the transaction receipt with your name and credentials on it as the payee and he will be posting them on every social media site that he belongs to. You better leave town now before the police get their arrest warrant signed and come after you.
  • #776,465
  • Sep 19, 2023 1:21pm Sep 19, 2023 1:21pm
Quoting Lenart
Those are serious aligations. Based on what I have observed in last few months I find it hard to believe that. Don'y you think it's time to do the walk instead of only talk? Present us with proof.
C'mon man! You should know by now that if it is posted on ForexFactory it MUST be true!
To free Gazans of Hamas, use whatever it takes.
  • #776,466
  • Sep 19, 2023 1:39pm Sep 19, 2023 1:39pm
Quoting iusman23
{quote} True, to adapt your own style/strategy you need to start adapting someone else's strategy to take a start. Throughout the time and practice, when your routine influences you. You automatically develop your own style/strategy.
You don't necessarily need to take someone else's strategy and adapt it to start. I have taken trading ideas, such as market structure and price action and combined it with a single indicator (Pivot Points). However, my strategy was created by myself after staring at charts for days on end for multiple years.

The rules I use to determine entries come from manual back testing so I can identify high probability chances of success. One such rule I have mentioned today regarding the weekly pivot point, I backtested for 52 weeks and found that 70-80% of the time (cant remember the exact figure, and it will change over time), the first weekly pivot point to be touched would be the weekly pivot. Thus, taking this week as an example, price is 70-80% more likely to hit 1.2440, before it hits 1.2325. We have now also had a bullish market structure shift on the 15m timeframe, adding to my bullish directional bias. This is the only time I will trade counter to the 15m or 1h trend.
  • #776,467
  • Sep 19, 2023 1:44pm Sep 19, 2023 1:44pm
I backtested for 52 weeks and found that 70-80% of the time


Great observation and well done for putting in the time and effort to get to that percentage
  • #776,468
  • Sep 19, 2023 1:47pm Sep 19, 2023 1:47pm
Quoting DrDave
{quote} C'mon man! You should know by now that if it is posted on ForexFactory it MUST be true!
Nah, that's only if it is a red poster. Wait Kareem is/was a red poster!
  • #776,469
  • Sep 19, 2023 1:54pm Sep 19, 2023 1:54pm
W pattern on EU in 5 min and 15 min charts that might help GU.
  • #776,470
  • Edited 2:33pm Sep 19, 2023 1:55pm | Edited 2:33pm
Quoting Scotteyy
{quote} You don't necessarily need to take someone else's strategy and adapt it to start. I have taken trading ideas, such as market structure and price action and combined it with a single indicator (Pivot Points). However, my strategy was created by myself after staring at charts for days on end for multiple years. The rules I use to determine entries come from manual back testing so I can identify high probability chances of success. One such rule I have mentioned today regarding the weekly pivot point, I backtested for 52 weeks and found that...
2440 will happen because my TP is there and because I am the market. Hahaha... please don't mind the nonsense I just wrote just kidding.

On a serious note, if you pay attention to the mobthly pivot and see how it works, your whole trading life will be changed for the best. Now you work down to the weekly and daily pivots for intraday and intra week entries. That is how you build a system that actually works without bias. Once the pivots, liquidity structure and session flows align, I close my eyes and go for it and it happens like a miracle. TP hit. TP hit. TP hit! Good to see you did your backtest and found your own holy grail. Cheers.
  • #776,471
  • Edited 2:14pm Sep 19, 2023 2:01pm | Edited 2:14pm
Quoting dantpm
{quote} Nah, that's only if it is a red poster. Wait Kareem is/was a red poster!

thats because this place is turning into a joke...between the poo flinging in here between all the monkys and the prop firm idiots that are scamming the FF system to get a red diamond this place becoming a joke

i wrote about the algo scam people are using for the red dot couple days ago

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...
heres another one with even fewer posts than saal ....once they get their red diamond they start unsubscribing from the hundreds or thousands of people to cover their tracks LOL

all this shit is happening on the gold thread with all prop traders and probably all over FF... most of them beginners...this guy atleast has some intelligent charts LOL

when the prop firms get all shut down FF gona go go back to being a trading forum instead of what it is becoming now full of idiots throwing their crap around from their prop firm platforms


he did it in one month LOL
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short trump and go long the deepstate
  • #776,472
  • Sep 19, 2023 2:08pm Sep 19, 2023 2:08pm
Quoting KareemAliFx
Now I’m gonna go withdraw my profits for today and enjoy my self a joint . Have fun guys
The beginning of the journey started out well! Help was taken, help was given.
Basically, what this is all about.

Then, they happen... Y,O&R. History does teach us that not too many souls can handle "power".

TW
  • #776,473
  • Sep 19, 2023 2:08pm Sep 19, 2023 2:08pm
this site is becoming unreadable
short trump and go long the deepstate
  • #776,474
  • Sep 19, 2023 2:15pm Sep 19, 2023 2:15pm
Quoting Mitiblotch
{quote} 2440 will happen because my TP is there and because I am the market. Hahaha... please don't mind the nonsense I just wrote just kidding. On a serious note, if you pay attention to the mobthly pivot and see how it works, your whole trading life will be changed for the best. Now you work down to the weekly and daily pivots for intraday and intra week entries. That is how you build a system that actually works without bias. Once the pivots, liquidity structure and session flows align, I close my eyes and go for it and it happens like a miracle....
So I actually exited my positions early near the top today, it served me well today and I have managed to get back in for another long. However, exiting my positions early is a psychological error (probably the biggest thing holding me back) and something I need to work on. In most cases price would hit my pre-determined TP after I exit early and I would be leaving pips on the table.

I appreciate the comment regarding monthly pivots, admittedly it's the pivot point timeframe I have done the least back testing on as I currently consider myself an intra-day trader. However, I'll have less time for trading soon so will be trying to switch to a more swing-trading approach. I was pleased to find that at a cursory glance, a rule I use to determine entries using daily pivot points works pretty much identically using weekly pivot points. Although I'm reluctant to disclose this rule as I have not yet got statistical evidence of it being profitable, it just appears to be so after looking at charts for so long.

I have also started to consider how I could eliminate the use of price action as I believe it to be the most subjective part of my strategy and thus more open to human error. Market structure and pivot point analysis is very black and white, it is either bullish or its bearish, its either profitable or unprofitable. Price action is harder to quantify. By eliminating it, I could just set limit orders in the morning when I wake up, reducing the need to stare at charts all day but also still technically being an intra-day trader.

Cheers
  • #776,475
  • Sep 19, 2023 2:32pm Sep 19, 2023 2:32pm
Quoting Scotteyy
{quote} So I actually exited my positions early near the top today, it served me well today and I have managed to get back in for another long. However, exiting my positions early is a psychological error (probably the biggest thing holding me back) and something I need to work on. In most cases price would hit my pre-determined TP after I exit early and I would be leaving pips on the table. I appreciate the comment regarding monthly pivots, admittedly it's the pivot point timeframe I have done the least back testing on as I currently consider myself...
I have been 'caught' several times in the past few days exiting from positions that I shouldn't have exited from or not exiting when I should have. Still looking for the holly grail of strategies to predict price targets with the probability and timing to get to them!
  • #776,476
  • Sep 19, 2023 2:40pm Sep 19, 2023 2:40pm
Quoting dantpm
{quote} I have been 'caught' several times in the past few days exiting from positions that I shouldn't have exited from or not exiting when I should have. Still looking for the holly grail of strategies to predict price targets with the probability and timing to get to them!
Practice where liquidity will draw price to, i dropped GU chart earlier.. Can do zoom again with you when you have time
  • #776,477
  • Sep 19, 2023 2:42pm Sep 19, 2023 2:42pm
Quoting T721
{quote} Practice where liquidity will draw price to, i dropped GU chart earlier.. Can do zoom again with you when you have time
dont forget charge him 500
People don't plan to lose. They lose because they don't plan.
  • #776,478
  • Sep 19, 2023 2:43pm Sep 19, 2023 2:43pm
Quoting Zebi
{quote} thats because this place is turning into a joke...between the poo flinging in here between all the monkys and the prop firm idiots that are scamming the FF system to get a red diamond this place becoming a joke i wrote about the algo scam people are using for the red dot couple days ago {quote} heres another one with even fewer posts than saal ....once they get their red diamond they start unsubscribing from the hundreds or thousands of people to cover their tracks LOL all this shit is happening on the gold thread with all prop traders and...
No idea why anyone would be chasing a red diamond, dont mean much imo.. No idea how i got mine -- maybe number of posts or maybe number of followers or maybe some mod gives em out.. really doesnt mean much tho
  • #776,479
  • Sep 19, 2023 2:47pm Sep 19, 2023 2:47pm
Quoting ScalaFX
{quote} dont forget charge him 500
its ok were friends he get a discount only 499$
  • #776,480
  • Sep 19, 2023 2:54pm Sep 19, 2023 2:54pm
Quoting T721
{quote} its ok were friends he get a discount only 499$
People don't plan to lose. They lose because they don't plan.
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