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Cable Update (GBPUSD)

  • #777,581
  • Sep 22, 2023 12:14pm Sep 22, 2023 12:14pm
Quoting Yngwie
{quote} enough for this week. Close 30p.
This is the way to use this thread ...post live trades....show you are making profit from these trades...no bullshit .....K.I.S.S Keep it stupidly simple....if you need to ask questions how and why I'm sure Yngwie will respond on the thread or PM.....I could be wrong.....hats off to you Yngwie...
  • #777,582
  • Edited 12:42pm Sep 22, 2023 12:16pm | Edited 12:42pm
Quoting Whale
{quote} you can move to Europe and trade both with comfortable hours
Whale, for now, I'll stay where I am, also trading ES futures is saving my a$$.
Always trade your own plan...I don't provide trading signals.
  • #777,583
  • Sep 22, 2023 12:19pm Sep 22, 2023 12:19pm
Quoting iusman23
{quote} So basically I should use 0.03 max highest lot. But I think at least 0.05 should be the max lot size. Because my phase 1 requires me to make $480 to pass the phase.

It is a suggestion. You decide how much to risk.
If you are trying to get a funded account they often have rules about how much you can risk.
  • #777,584
  • Sep 22, 2023 12:23pm Sep 22, 2023 12:23pm
Quoting iusman23
{quote} So basically I should use 0.03 max highest lot. But I think at least 0.05 should be the max lot size. Because my phase 1 requires me to make $480 to pass the phase.

i always say theres shit lost in translation between everybody here on FF
not just in language but trading as well

people who use real broker accounts funded with tens of thousands of real hard earned money will always use smaller lot sizes as opposed to prop traders

like you said you deposited 300 and used big size to pass your challenge....the prop firms want you to go BIG with small accounts so you lose...MFF emails prove that theyre all cheats...i think it used to be ythey had a time limit of 30 days or something to pass before you got kicked out so they encouraged gambling with large sizes...now its unlimited time but people still do it

so when you get advice from people to go small its prolly a broker trader using his own money so you should ask other prop traders how they use size and all cause the two type of traders will never agree on stuff LOL
short trump and go long the deepstate
  • #777,585
  • Sep 22, 2023 12:24pm Sep 22, 2023 12:24pm
It is possible, in that example, it had another bear candle & you don't want to guess Monday, so you're willing to go over the weekend.
It could carry on for sure, personally, I never carry trades over a weekend.
That's a 3 candle set-up.
Quoting Zebi
{quote} im gona try and explain this in simple terms so even you can understand i dont know if youre just dense and obtuse( i always wanted to use that word after seeing shawshank redemtion) {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,586
  • Sep 22, 2023 12:29pm Sep 22, 2023 12:29pm
This is text book 3 Identical Crows
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,587
  • Sep 22, 2023 12:30pm Sep 22, 2023 12:30pm
Quoting Zebi
{quote} i always say theres shit lost in translation between everybody here on FF not just in language but trading as well people who use real broker accounts funded with tens of thousands of real hard earned money will always use smaller lot sizes as opposed to prop traders like you said you deposited 300 and used big size to pass your challenge....the prop firms want you to go BIG with small accounts so you lose...MFF emails prove that theyre all cheats...i think it used to be ythey had a time limit of 30 days or something to pass before...
You are actually right. Taking note on your advice. I'll try to minimize my lot sizes until I develop my strategy. About strategy, yeah, after a session with Mr. Terry, I am successfully trading like Moty trades on M1 and M5 time frames. I never hit SL on M1 no mater what lot size is. So, I think I should avoid taking trades during news hours.
Secret to the Price Action is Liquidity.
  • #777,588
  • Sep 22, 2023 12:30pm Sep 22, 2023 12:30pm
Quoting Bones
It is possible, in that example, it had another bear candle & you don't want to guess Monday, so you're willing to go over the weekend. It could carry on for sure, personally, I never carry trades over a weekend. That's a 3 candle set-up. {quote}

thats why i placed a buy limit at the lows

im not getting anymore buy signals on hourly so price will try to spike down sunday/monday probably and i want to catch the low with a limit order
short trump and go long the deepstate
  • #777,589
  • Sep 22, 2023 12:31pm Sep 22, 2023 12:31pm
Quoting Coreg2004
{quote} Whale, for now, also trading ES futures is saving my a$$.
I have started to trade futures lately.. working on finding my sweet spot there..
  • #777,590
  • Sep 22, 2023 12:32pm Sep 22, 2023 12:32pm
Quoting Bones
This is text book 3 Identical Crows {image}

oh god bonzey... thats at the highs...we're at the weekly lows

BIG DIFFERENCE

well anyways we'll see if next week is a green candle or not
short trump and go long the deepstate
  • #777,591
  • Sep 22, 2023 12:34pm Sep 22, 2023 12:34pm
Quoting Zebi
{quote} oh god bonzey... thats at the highs...we're at the weekly lows BIG DIFFERENCE well anyways we'll see if next week is a green candle or not
debatable, anyway on the monthly price is high, which is why you can't change it
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,592
  • Sep 22, 2023 12:40pm Sep 22, 2023 12:40pm
Quoting Zebi
{quote} oh god bonzey... thats at the highs...we're at the weekly lows BIG DIFFERENCE well anyways we'll see if next week is a green candle or not
I never said it was textbook but it is quite pretty,
don't mess with pretty on a Friday afternoon or anytime
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,593
  • Sep 22, 2023 12:52pm Sep 22, 2023 12:52pm
Quoting Bones
{quote} I never said it was textbook but it is quite pretty, don't mess with pretty on a Friday afternoon or anytime

You've been long on this pair for months
  • #777,594
  • Edited 1:15pm Sep 22, 2023 12:54pm | Edited 1:15pm
Quoting Whale
{quote} I have started to trade futures lately.. working on finding my sweet spot there..
Whale, go to prior charts and see how it would work for you. The timing of the day is essential. There is a 6-7 patterns that repeat constantly. If you combine this with your method you will be OK.
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Just do better than I do...
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Always trade your own plan...I don't provide trading signals.
  • #777,595
  • Sep 22, 2023 1:23pm Sep 22, 2023 1:23pm
Quoting pipfarm
{quote} Depends on what timeframe you were trading, 5/15 this morning great opp for short and currently 15/30 there is a short but not timeframes i trade , nothing higher up for me that was worth trading {image} {image}

That was a free trade from me 15/30 easy 20 pips so far


Now take a look at the monthly

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Follow The Markets Structure - Patience and Discipline
  • #777,596
  • Sep 22, 2023 1:44pm Sep 22, 2023 1:44pm
Quoting Coreg2004
NY session sucks, third day this week, but I refuse to move to Europe to trade the London session... {image}
Not only these few days, NY session often pissed me off, messed up my set up. I shouted and wrote my anger in trading journal , they're so mean, play PA like scam, intend to blow traders accounts so obviously . They often took my earnings from earlier sessions and even more. I'm seriously thinking about avoid place positions in this session.
Unless there's obvious trend, I'll wait for the News after about 10 minutes, observe what the price level and PA implies . sometimes can get a nice price in NY session. Today's PMI and last Non Farm are good examples, I both SHORT at the high price level.
  • #777,597
  • Sep 22, 2023 1:49pm Sep 22, 2023 1:49pm
Quoting Coreg2004
NY session sucks, third day this week, but I refuse to move to Europe to trade the London session... {image}
Markets are always changing...
  • #777,598
  • Sep 22, 2023 1:55pm Sep 22, 2023 1:55pm
Support 1.18
  • #777,599
  • Sep 22, 2023 1:56pm Sep 22, 2023 1:56pm
Quoting Cgpips
{quote} Not only these few days, NY session often pissed me off, messed up my set up. I shouted and wrote my anger in trading journal , they're so mean, play PA like scam, intend to blow traders accounts so obviously . They often took my earnings from earlier sessions and even more. I'm seriously thinking about avoid place positions in this session. Unless there's obvious trend, I'll wait for the News after about 10 minutes, observe what the price level and PA implies . sometimes can get a nice price in NY session. Today's...
Cgpips, that's why I trade with the target, and when the price cuts thru I biatch about leaving money on the table. The same sheet is with trading futures. You said this right, only when we catch the trend, trading is less stressful. We (day traders) don't need to be glued to the screen.
Always trade your own plan...I don't provide trading signals.
  • #777,600
  • Sep 22, 2023 1:57pm Sep 22, 2023 1:57pm
Quoting thevisitor
Support 1.18
it won't get there in one shot, lots of sideways, it might go above 1.23 next week and drop more
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