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Cable Update (GBPUSD)

  • #787,781
  • Nov 3, 2023 5:57am Nov 3, 2023 5:57am
Quoting Elysion
{quote} Asia is pretty shitty for me recently. 70% of my losses are in Asia session. NY highest win rate. London 50/50 because it tends to whipsaw the most
London is the worst session to trade...I need to move somewhere, where I'll sleep through that session.
Everyone can see the chart, but only a few can actually read it.
  • #787,782
  • Nov 3, 2023 5:57am Nov 3, 2023 5:57am
Quoting Elysion
{quote} Asia is pretty shitty for me recently. 70% of my losses are in Asia session. NY highest win rate. London 50/50 because it tends to whipsaw the most
In asia, do not use trend indicators.

Use TMA bands for asia.

use just 5 min tma band.

Trade on the edge ...counter trade.

top band sell.

bottom band buy.
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Intraday only.
  • #787,783
  • Nov 3, 2023 6:05am Nov 3, 2023 6:05am
GBP/CHF risky trade with Red News coming. Not in yet but will keep an eye on it
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  • #787,784
  • Nov 3, 2023 6:12am Nov 3, 2023 6:12am
Quoting navk
well done longs. {image}
Your risk management is definitely on-point with those lot sizes . I often question myself if risking 2% per trade is too careful and then I see something like this from you .

Definitely this is a great discipline to hone in order to manage accounts in the 7 digits. But it is really difficult to grow a small account with this kind of lot size to account size ratio, also the returns may seem too minuscule to spend time trading at all IMO.

How long did it get you to get this disciplined and stop doing silly scalping lot sizes trying to double accounts weekly like many traders repeatedly do?
  • #787,785
  • Nov 3, 2023 6:15am Nov 3, 2023 6:15am
SBF --- whatthefuckingfuck 110yrs I will be 169yrs old time this Dipshit gets out
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  • #787,786
  • Nov 3, 2023 6:16am Nov 3, 2023 6:16am
Short signal
6 pips sl
10 pips tp or you can exit at opposite signal
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yes yes yes
  • #787,787
  • Nov 3, 2023 6:21am Nov 3, 2023 6:21am
In short 1.2226
Sl-1.2232.

Tp--- whatever be the price 5 min before nfp
  • #787,788
  • Nov 3, 2023 6:31am Nov 3, 2023 6:31am
Quoting hoda
Start with Green {image}
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  • #787,789
  • Nov 3, 2023 6:31am Nov 3, 2023 6:31am
Quoting Pat Chiko
LIQUIDITY Finding liquidity can be very subjective, Need experience and skill to spot the correct one. Thus, our assignment in trading is to find the liquidity as MM are eyeing on those and where price normally react at. But, unfortunately......... For traders to find the correct liquidity is just the same as men trying to find the zip spot in women purse. That's why so many traders failed {image}

Made my day
Face 'ur fears & tame 'ur greed
  • #787,790
  • Nov 3, 2023 6:38am Nov 3, 2023 6:38am
Quoting kelvinftg
{quote} Your risk management is definitely on-point with those lot sizes . I often question myself if risking 2% per trade is too careful and then I see something like this from you . Definitely this is a great discipline to hone in order to manage accounts in the 7 digits. But it is really difficult to grow a small account with this kind of lot size to account size ratio, also the returns may seem too minuscule to spend time trading at all IMO. How long did it get you to get this disciplined and stop doing silly scalping lot...
wait.

I will provide a system to trade only asia.

All with indi and template.
Intraday only.
  • #787,791
  • Nov 3, 2023 6:41am Nov 3, 2023 6:41am
eur/usd gameplan ---- could well be wrong with this and Red News coming soon --- Bebloodycareful
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  • #787,792
  • Nov 3, 2023 6:47am Nov 3, 2023 6:47am
i dont see sellers winning this week

my opnion


maybe a scalp but talking about the trend only seller with wide sl above 1.2350 can survive the shorts
MY OPINION NOT FINANCIAL ADVISE
  • #787,793
  • Nov 3, 2023 6:50am Nov 3, 2023 6:50am
Quoting Pat Chiko
LIQUIDITY Finding liquidity can be very subjective, Need experience and skill to spot the correct one. Thus, our assignment in trading is to find the liquidity as MM are eyeing on those and where price normally react at. But, unfortunately......... For traders to find the correct liquidity is just the same as men trying to find the zip spot in women purse. That's why so many traders failed {image}
Pat, are you really talking about the zipper or something else? co's that looks, like something else.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #787,794
  • Nov 3, 2023 6:51am Nov 3, 2023 6:51am
Quoting OnlineAddict
{quote} 50,000% in 1 month. Need to take a break for today, I can't trade fridays, anyway. But I still think GU will reach 2260. If I am wrong, I can at least buy lower again by the end of the day or early next week.
That's a Wow
  • #787,795
  • Nov 3, 2023 6:51am Nov 3, 2023 6:51am
Dx will close the gap from here
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yes yes yes
  • #787,796
  • Nov 3, 2023 6:54am Nov 3, 2023 6:54am
Quoting navk
{quote} wait. I will provide a system to trade only asia. All with indi and template.
That’s ok lol I am not requesting for a system, just wondering how you came about to using such tight risk management for your account.
  • #787,797
  • Nov 3, 2023 6:59am Nov 3, 2023 6:59am
Quoting kelvinftg
{quote} Your risk management is definitely on-point with those lot sizes . I often question myself if risking 2% per trade is too careful and then I see something like this from you . Definitely this is a great discipline to hone in order to manage accounts in the 7 digits. But it is really difficult to grow a small account with this kind of lot size to account size ratio, also the returns may seem too minuscule to spend time trading at all IMO. How long did it get you to get this disciplined and stop doing silly scalping lot...
The more money you trade with the less you need to make. If you have 7 figures, making 2% a month is a great return. Whereas, if your trading with $1000, 2% is nothing. That's where a lot of people go wrong with prop firms. They go in risking 2-3% a trade then wonder why they blow their accounts. In prop firms your maximum risk should be 0.5% although I prefer to drop that down to 0.25%. If you are going into a 10% drawdown risking that then its likely a problem with your strategy rather than your risk management.

I'd guess that the reason prop firm success rates are so low is because people that take them have bad risk management or bad mindsets causing them to revenge trade.
  • #787,798
  • Nov 3, 2023 7:01am Nov 3, 2023 7:01am
Quoting Elysion
H1 forming triangle. Based on my H4 I'm seeing a potential BO above before any drop may occur. However daily kinda pointing towards higher area of possible 1.23 today. Could be NFP triggered. {image}
On the way to 1.23?
Exhausted
  • #787,799
  • Nov 3, 2023 7:02am Nov 3, 2023 7:02am
NFP day decision which i think is already made


H4 broke out into a new trend at the time of the correction on H4 price was not moving with the daily and weekly however a higher low swing was forming on H4 and confirmed with the break out into a trend , then a retest of the breakout and continuation and now H4 is moving with D1/W1 swing so hopefully the trend will continue up after NFP


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Follow The Markets Structure - Patience and Discipline
  • #787,800
  • Nov 3, 2023 7:03am Nov 3, 2023 7:03am
Quoting Scotteyy
{quote} The more money you trade with the less you need to make. If you have 7 figures, making 2% a month is a great return. Whereas, if your trading with $1000, 2% is nothing. That's where a lot of people go wrong with prop firms. They go in risking 2-3% a trade then wonder why they blow their accounts. In prop firms your maximum risk should be 0.5% although I prefer to drop that down to 0.25%. If you are going into a 10% drawdown risking that then its likely a problem with your strategy rather than your risk management. I'd guess that the reason...
I agree, with big capitals you only need to risk small amounts.
1% to 3%
For smaller accounts especially building it, you have to risk higher.
Otherwise it's very difficult to actually see something.
Exhausted
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