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Cable Update (GBPUSD)

  • #790,821
  • Nov 16, 2023 3:40pm Nov 16, 2023 3:40pm
Quoting AlfieSolomon
I also passed the challenge but that firm got closed I hope i get funded on TFT now. {image}
Well done Alfie...
  • #790,822
  • Nov 16, 2023 3:43pm Nov 16, 2023 3:43pm
Quoting Zebi
{quote} yesterday FF posted a news story about canadas elections...when are they dan? im gona short the loonie if the rightwingers form a government cause conservatives always kill their currency just like the usa dollar ...heres a before and after LOL {image} {image}
Snapshot of debt by Prime minister. Note how the Trudeau (jr) shit show hasn't been added yet!
Attached File(s)
File Type: pdf examining-federal-debt-in-canada-by-prime-ministers-since-confederation-2022.pdf   2.0 MB | 272 downloads
  • #790,823
  • Nov 16, 2023 3:44pm Nov 16, 2023 3:44pm
Quoting BrainBucks
LOOK AT ME NOW... Phase 1 PASSED {image}
Attached Image
  • #790,824
  • Nov 16, 2023 3:45pm Nov 16, 2023 3:45pm
It is better to get use to the chart than getting used to a particular pair.
All the pairs behave very similar, these patterns play out in all the pairs… indices, forex, cryto etc they are the same.

see similar pattern in eurgbp and I saw it earlier in btcusd so pairs don’t not even matter.
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #790,825
  • Nov 16, 2023 4:03pm Nov 16, 2023 4:03pm
Quoting Zebi
{quote} ive noticed youve been using sentiment lately which every contrarian does LOL however FF numbers are skewed the last few years from the prop firm traders that gamble with 50 lots on whats basically a demo account that might pay out a few dollars on a good day unless the owner of that prop is pissed off for some reason and decides to screw everyone and deny payouts that day LOL so try to find a better source than FF cause 60 to 70% of regular posters on FF now days are prop traders
So, my gambling/hedging style didn't work out this round. Before CPI news on Tuesday, I wasn't convinced to close my EUR/USD short, but I did hedge it with a long from 1.07 to 1.08. But, then I doubled down with shorts from 1.08, only to get margin called, and closed all at around 1.088. I lost about 40% of my account.
So, forget that.
The only safe way for me to trade is apparently with a tight stop loss. I have had a tendency in the past to get frustrated when stop loss gets hit, then I ended up over trading, trying to make it back, only to lose more. So, the key for me is to learn how to trade like a machine, follow the price with a tight stop loss, and not let emotions get the best of me. Emotional and mental stability is a tough hurdle for me to overcome, but I guess I have no better choice. I will keep trying until I fine tune my skills the hard way, and start winning more than I lose. My favorite success motto is "YOU CANNOT FAIL IF YOU NEVER GIVE UP."
I go all in on Oanda.com, scalping with 50:1 leverage, and add free margin from the profit along the way. Max stop loss is 7 pips on EUR/USD. 4+ years of experience with EUR/USD price action helps me understand it well enough to be successful in the end.
I tried that today, and was successful.
6 trades = 3 wins and 3 losses in the following order, -2.4, +6.9, +13.1, -6.4, - 3.6, +4.4. (Wins total +24.4 pips and losses total -12.4 pips). Net result +12.0 pips. ROI for today was +5.34% profit. This is with my live account, currently at the max capacity of 1.74 lots at 50:1 leverage.
So, the lesson is, never give up on yourself. Don't let your emotions limit your skills. Overcome your emotions, ignore them, and hone your skills like a tireless machine. It worked on the game of "Risk: Global Domination". And it will work with trading. So, it's game on!
I won't post my trades because I need 100% of my focus on the price action after opening a trade. It's mostly short term scalping. I can post daily, weekly, and monthly ROI results.
Or simply turn on my trade explorer again.
See ya tomorrow.
You cannot fail if you never give up.
  • #790,826
  • Nov 16, 2023 4:34pm Nov 16, 2023 4:34pm
From today onwards...sell only GBP.

Today high..note this level pls.
Intraday only.
  • #790,827
  • Nov 16, 2023 4:56pm Nov 16, 2023 4:56pm
Quoting navk
From today onwards...sell only GBP. Today high..note this level pls.
also i feel dxy gonna fly today alot of room to recover ….
Extreme gut feeling trader
  • #790,828
  • Edited 5:17pm Nov 16, 2023 4:59pm | Edited 5:17pm
Quoting 7154Superman
{quote} So, my gambling/hedging style didn't work out this round. Before CPI news on Tuesday, I wasn't convinced to close my EUR/USD short, but I did hedge it with a long from 1.07 to 1.08. But, then I doubled down with shorts from 1.08, only to get margin called, and closed all at around 1.088. I lost about 40% of my account. So, forget that. The only safe way for me to trade is apparently with a tight stop loss. I have had a tendency in the past to get frustrated when stop loss gets hit, then I ended up over trading, trying to make it back, only...


Emotional and mental stability is a tough hurdle for me to overcome, but I guess I have no better choice.....thats from your quote


you can work on your emotions by using haiken ashi charts or switch up how you enter.... i remember when i started out 20+ years ago it was on one minute charts thinking that would keep me from big losses but thats not true LOL

watching the candles wiggle and squiggle for that minute elevated my adrenaline and made me make bad decisions...i always tried anticipating how the candle would close and most of the time i was wrong...1 second looked like it would close green but by the end of the minute it closed red LOL

so i switched to waiting to enter when the candles closed above or below the previous open ...check out this thread...this guy doesnt post anymore prolly cause of the stupid questions people asked him instead of figgering things out on their own LOL

https://www.forexfactory.com/thread/...e-only-pattern

just waiting till the next candle closes above the previous open or high if that suits you will keep you out of many false signals and calm your nerves...he started the thread with 1 minute examples prolly to rope in beginners so his thread succeeds that invariably think scalping will make them rich which i havent looked at except for shits and giggles in over a decade same thing will happen to you...the better you get the further from the 1 minute chart youll go LOL

but this works on every timeframe...you will also develop patience

another way to curb your emotions is using heiken ashi candles...watch them they dont jump around as much as regular candles just be sure you know how to trade them since theyre an average of price so the real price is a little abbove or below the candle close

heiken ashi is great for TA too prolly better than normal candles
short trump and go long the deepstate
  • #790,829
  • Edited 5:22pm Nov 16, 2023 5:03pm | Edited 5:22pm
Quoting 7154Superman
{quote} So, my gambling/hedging style didn't work out this round. Before CPI news on Tuesday, I wasn't convinced to close my EUR/USD short, but I did hedge it with a long from 1.07 to 1.08. But, then I doubled down with shorts from 1.08, only to get margin called, and closed all at around 1.088. I lost about 40% of my account. So, forget that. The only safe way for me to trade is apparently with a tight stop loss. I have had a tendency in the past to get frustrated when stop loss gets hit, then I ended up over trading, trying to make it back, only...

this guy used heiken ashi candles... i dont use indicators so cant vouch about the TDI just his candle choice...hes dead now and theres two bickering guys that post there now you might get some amusement from them LOL

https://www.forexfactory.com/thread/...ng-made-simple
short trump and go long the deepstate
  • #790,830
  • Nov 16, 2023 5:07pm Nov 16, 2023 5:07pm
Quoting AlfieSolomon
I also passed the challenge but that firm got closed I hope i get funded on TFT now. {image}
well done mate
Insane in the Brain..
  • #790,831
  • Edited 5:26pm Nov 16, 2023 5:10pm | Edited 5:26pm
superman...if youre here trying to learn youre wasting youre time in here unless you go backwards... ever since the prop firm explosion few years ago everyone thats a beginner trading with all levels of knowledge and competence posts shit on FF

if you want to learn anything you have to go back in time atleast 5 years and further back for good stuff... the guys i subscribed to no longer post LOL but youll learn some good stuff from them and others like gatorinla, fxcyborg but he was a nutcase LOL https://www.forexfactory.com/fxcyborg ... okshop

so you got to go back in time and read threads that were started a decade ago
short trump and go long the deepstate
  • #790,832
  • Nov 16, 2023 5:31pm Nov 16, 2023 5:31pm
i saw bulls power today
i took long
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yes yes yes
  • #790,833
  • Nov 16, 2023 5:42pm Nov 16, 2023 5:42pm
started shorting Gold now 1981.50, will add first till 1990
People don't plan to lose. They lose because they don't plan.
  • #790,834
  • Nov 16, 2023 6:11pm Nov 16, 2023 6:11pm
Quoting navk
From today onwards...sell only GBP. Today high..note this level pls.
selling one trade started yesterday
  • #790,835
  • Nov 16, 2023 6:42pm Nov 16, 2023 6:42pm
Quoting Pat Chiko
{quote} Hi Sista. been long time didn't come accross with each other posting. Maybe, we can catch up over coffee on weekends. BTW, I know you're active in GOLD trades. My set up posted here. Have a check and appreciate your opinion. GOLD set up
Hi Chico, top trading skills as always!
Gold could seek extension eighter way right now, I would like it to see another attempt to break years highs, but on the other hand the gap is tempting.. In sell atm, but short term and flexible.
Coffee sounds good, especially this time of year. Best Wishes, J
  • #790,836
  • Edited 7:39pm Nov 16, 2023 7:19pm | Edited 7:39pm
Quoting ScalaFX
started shorting Gold now 1981.50, will add first till 1990
opened short at 1985 targeting 1976
I think gold daily candle has created the high of the day for now on it should go for the low of the day expecting 1975 or below….
Extreme gut feeling trader
  • #790,837
  • Nov 16, 2023 9:01pm Nov 16, 2023 9:01pm
Quoting BrainBucks
Finally... Thank you @dantpm, @Yngwie, @Moty, @T721, @navk, @BeeTogether,... In fact, it's impossible to list everyone who I've silently drawn inspiration from whilst here. Thank you, everyone! Really, thank you!!!!! I made it! I'm not just glad cos of my new earning potential, I'm super excited because perseverance pays. The joy of having an objective, and pursuing it, despite failures, and naysayers. Just staying dogged...
! You have grown as a trader and, even more importantly, as a person.
Now it is our turn to thank you, now YOU have been added to lists of inspiring people !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #790,838
  • Nov 16, 2023 9:06pm Nov 16, 2023 9:06pm
Quoting BeeTogether
Anyone else feeling shattered this week? I can’t seem to keep eyes open.
When I feel like this, I have to 100% focus and work on resting, or I never get out of it.

I wish you the rest you need to get the clarity of mind you need, just like a child when sleeps, I wish that and more. Get well Bee!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #790,839
  • Nov 16, 2023 10:58pm Nov 16, 2023 10:58pm
What do traders in Tokyo and Sydney even do at all during their trading hours? Sleep on their desks? And if the price does move, it’s almost always selling?
  • #790,840
  • Nov 16, 2023 11:08pm Nov 16, 2023 11:08pm
Quoting Moty
i saw bulls power today i took long {image} {image}
It was a mistake
Dx is at weekly s2
Eu is at weekly r3
Aussie is at strong resistance
So switched to short gu and eu
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yes yes yes
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