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Cable Update - Continued 105 replies

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Cable Update (GBPUSD)

Quoting Pat Chiko
{quote} This is better , with many choices. Smoke one a day , you can see paradise.{image}
why do we need this?
Quoting navk
{quote} This is my demo account and not funded account. My funded acc daily target profit was met much before so not traded. But the daily bearish stucture prompted me to take trade and result is good as expected {image}
Are you not trading your own live money as well besides the funded account? If not, Are you planning on moving on to trading your personal funds? How much does the funded account reward you?
You cannot fail if you never give up.
Superman 6 Return This Year: 39.9%
Buy GU here at 1.2221
Quoting mwaqar309
{quote} Don't say that friend I'm buyer please send him up
a 4 hr pull back yesterday close to 2300 made me to think bulls will do.

But i mentined earlier, 4 hr has changed.

And it is not done yet.

Be prepared for next round of sell by NYO.

Until then a pull back close to 2250/60 is what i expect.

see the 4hr change yesterday and today in 15min chart
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Intraday only.
Quoting navk
{quote} a 4 hr pull back yesterday close to 2300 made me to think bulls will do. But i mentined earlier, 4 hr has changed. And it is not done yet. Be prepared for next round of sell by NYO. Until then a pull back close to 2250/60 is what i expect. see the 4hr change yesterday and today in 15min chart {image} {image}
look like tetris
The market has short memory
Quoting Wavegarrick
{quote} P Chiko {quote} No manipulation, no being clueless. As a swing trader just a normal day at the office. Trade progress. Cheers. {image}
Nice one
Quoting 7154Superman
{quote} Are you not trading your own live money as well besides the funded account? If not, Are you planning on moving on to trading your personal funds? How much does the funded account reward you?
My funded account rewards me 1 to 2 % daily.

This is enuff.

And yes, i do not trade with my funds. Stoped long ago.
Intraday only.
Quoting navk
{quote} so, the daily bearish candle confirmed. what is next ? a 30 min/60 min pull back is expected until 2250/60 for thr next drop to 2150 ? By frinday NY Close ? probably yes.
Exactly. I saw the patented "gravity" effect on the price action before the end of day yesterday (Wednesday) and couldn't help but see this coming. The more I look at it, the less I can deny it, despite other traders' bullish optimism. Once that heavy "gravity" kicks in, no amount of defying it can defeat it in the end. It has that slippery slope kind of escalation, slow at first, then increasing momentum after every spike up. My EUR/USD target of 1.063 for today was only a wild guess, but 1.066 is enough to confirm the beginning of this slide. I don't think it will stop with any significant sustained bounce until 1.04-1.03 range on Tuesday or Wednesday of next week.
It looks like one of those free falling knife trends that won't look back until it's exhausted. After that, more consolidation would make sense before continuing to 1.000 before year's end.
Or am I really imagining things?
You cannot fail if you never give up.
Superman 6 Return This Year: 39.9%
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gold looks like it’s on track
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Quoting navk
{quote} a 4 hr pull back yesterday close to 2300 made me to think bulls will do. But i mentined earlier, 4 hr has changed. And it is not done yet. Be prepared for next round of sell by NYO. Until then a pull back close to 2250/60 is what i expect. see the 4hr change yesterday and today in 15min chart {image} {image}
hi mate just been reading and not posting . Just share my trade look with you
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Care to be taken here . Possible shorter 2180 area
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Quoting elbert3
{image}gold looks like it’s on track {image}{image}{quote} hi mate just been reading and not posting . Just share my trade look with you {image} Care to be taken here . Possible shorter 2180 area {image} {image}
Hi Dear,

I usually do not do analysis, mean, target price to get hit or whatever...

I trade smaller tf set up and trade to make my 1.5 to 2 %.

For me, 1 min, 5min, 15 min set ups reward me.
Intraday only.
Quoting navk
{quote} Hi Dear, I usually do not do analysis, mean, target price to get hit or whatever... I trade smaller tf set up and trade to make my 1.5 to 2 %. For me, 1 min, 5min, 15 min set ups rewards me.
as long as we win more than we lose good man ,,,E
Quoting navk
{quote} My funded account rewards me 1 to 2 % daily. This is enuff. And yes, i do not trade with my funds. Stoped long ago.
So, do the funded account rewards keep growing accordingly as you progress? For example, if you average 1% Daily ROI on a $250k funded account, which would be $2,500 per day, and your reward would be $25-50 per day, after 1 year, the funded account would be $3 Million, and your reward would be $300-600 per day. Is that sort of growth feasible? In 2 years at that rate, your trading account would be $40 Million and your daily reward = $4,000. If so, then why not also trade that reward money, for even greater gains? Why be somebody else's lackey, making them big money, when you could do it all for yourself?
Why did you stop trading your own money? How is a funded account better?
You cannot fail if you never give up.
Superman 6 Return This Year: 39.9%
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Interesting long time trade Swissy
Quoting 7154Superman
{quote} So, do the funded account rewards keep growing accordingly as you progress? For example, if you average 1% Daily ROI on a $250k funded account, which would be $2,500 per day, and your reward would be $25-50 per day, after 1 year, the funded account would be $3 Million, and your reward would be $300-600 per day. Is that sort of growth feasible? In 2 years at that rate, your trading account would be $40 Million and your daily reward = $4,000. If so, then why not also trade that reward money, for even greater gains? Why be somebody else's lackey,...
My own funds, why should I risk when some firm ready to invest for me ?

In funded account, I am able to follow dicipline.

Yes, I was expecting more those days and ended up loosing accounts.

This made me to stop trading after

1.5 to 2 % profit in a day

or

3 % loss in a day.

If I trade with lots of dicipline, timing, trading etc. I will no doubt achieve 2 % profit every day
Intraday only.
Quoting navk
{quote} My own funds, why should I risk when some firm ready to invest for me ? In funded account, I am able to follow dicipline. Yes, I was expecting more those days and ended up loosing accounts. This made me to stop trading after 1.5 to 2 % profit in a day or 3 % loss in a day. If I trade with lots of dicipline, timing, trading etc. I will no doubt achieve 2 % profit every day

You are correct. One thing I noticed is how I take care of my prop account. I respect it. Lol
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting navk
{quote} My own funds, why should I risk when some firm ready to invest for me ? In funded account, I am able to follow dicipline. Yes, I was expecting more those days and ended up loosing accounts. This made me to stop trading after 1.5 to 2 % profit in a day or 3 % loss in a day. If I trade with lots of dicipline, timing, trading etc. I will no doubt achieve 2 % profit every day
Ok, let's say if I would use a funded account, then make a bunch of bad trades, whittling the account down to nothing with a bunch of -3% losing trades, what would the funding firm do about it? Would I have to pay them back?
You cannot fail if you never give up.
Superman 6 Return This Year: 39.9%
Quoting navk
{quote} My own funds, why should I risk when some firm ready to invest for me ? In funded account, I am able to follow dicipline. Yes, I was expecting more those days and ended up loosing accounts. This made me to stop trading after 1.5 to 2 % profit in a day or 3 % loss in a day. If I trade with lots of dicipline, timing, trading etc. I will no doubt achieve 2 % profit every day
On a winning trade, what would be wrong with simply locking your stop loss to 2% profit, then let the trade run on with a trailing stop just in case it continues trending? You might get the stop loss hit most times, but there would be times that you would get much better results for one day at no risk of loss.
You cannot fail if you never give up.
Superman 6 Return This Year: 39.9%
Quoting 7154Superman
{quote} Ok, let's say if I would use a funded account, then make a bunch of bad trades, whittling the account down to nothing with a bunch of -3% losing trades, what would the funding firm do about it? Would I have to pay them back?
Loosing continuous 3 % in a day do not do good whether funded or your own account.

The best dicipline is :

On a 20 day month

You loose 3 % on 5 days = 15 %

You gain 1.5 % on 15 days make it = 22.5 %

You end up earning 7.5 % in a month. On a 100k account, 7500 dollars, on a 250k account close to 20k dollars

The most important thing is... take a trade and make profits even if it is 400 to 500 dollars in a basket.

Stop loosing 3 % continuously. This does not do good to your confidence.

Having said, I have even recovered from 92 % to gain in a particular month.

The criteria here is trade when :

London or Frankfurt opens

NY period.
Intraday only.
Quoting 7154Superman
{quote} Ok, let's say if I would use a funded account, then make a bunch of bad trades, whittling the account down to nothing with a bunch of -3% losing trades, what would the funding firm do about it? Would I have to pay them back?
Most funding firms allow :

5 % daily loss limit

10 % overall loss limit
Intraday only.
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