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Cable Update - Continued 105 replies

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Cable Update (GBPUSD)

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Quoting Pat Chiko
{quote} BTW......... It is quite evident that traders who share their trades or set ups in real time are exhibiting the highest level of bravery and a genuine desire to share their perspectives on the instruments or pairs they are trading. However, for some who aspire to be competent traders, posting hindsight trades is an ineffective practice. Such posts are essentially useless and have no bearing on future price movements as they have already occurred. As one trader aptly observed, some hindsight traders post charts...
Pat, I truly do not want to argue with you but I need to understand something. What do you classify as a real trade?
You post your foresight anaylysis for your adoring followers: Fair enough and everyone is expecting a nice drop to your target level.
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In your follow up post you post your trades 2hrs later leaving your adoring followers sitting with sell trades and underwater. and you are high and dry with your buy trades at the perfect entry point in a big fat profit.
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Is this what you call a real trade or is it a double standard that only you are allowed to follow?
Please enlighten us.
Trade to trade another day
Gbpjpy support at 185.900. Of support does not hold then we move downwards to 185.200
Yea, It is what i keep saying, all that matters is that a trader finds he's or her own edge with quality an uninterrupted execution then nothing else matters.

Your edge can be anything that is working or not working for other traders.

Your edge has to be compatible with your financial and trading goals, e.g how much or what is
your ultimate account size target? what is your mark? assuming yours is 10 or 100 millions dollars can you trade that with entry from 5 mint timeframe.
knowing that at that level of money so may things are involve? Liquidity and etc, if your answer is yes then your good to go.

Mine is way more than 1 Billion dollars mark( sounds funny to you i guess but don't worry about that worry about yours), if yours is up to 100 million or more then you know that "TO WHOM MUCH WILL BE GIVEN THEN MUCH IS EXPECTED''... Martinez, what i mean is that to manage that kind of asset then the will be a lot to be learn, believe me.

There is no one size fit all, what we have is a general guidelines so nobody should enforce he's/her trading rules on another trader.

IF WE WANT THE PROFIT BAD ENOUGH THEN WE WILL SIT OUR A$$ DOWN TO GET THE KNOWLEDGE THAT WILL LEAD TO THE PROFIT. Cheers
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
Quoting JereMi256
{quote} I have a similar view on H4. The projections are more than two, The right one to follow will show it'self with time after gathering more info on structure formations. {image}
Same View.
Trading the current Sz is risky as no MSS is yet produced. Play with HH,HL.
1.256 level appear upto M
watching to buy to there or sell from there
Riskin' ticks for points!
Momentum punch on m15
im going long @ 2483

M30 R @ 2489 so lets see how price handles that
in wondering about yourself, you forgot what you came here to be part of
for 10 pips
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maybe 2440 low of today..by H1 lower bands
Gbpusd H1
it could fall to 1.2446 and then upwards
It is uptrend anyway...if we are above 1.2446
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1.25 resistance
dollar can push at any time, we got close to my target of 103.5 in the dxy and I am expecting a bigger correction soon. If gu doesnt clear 1.25 here we could drop once more to liquidity levels around 1.235 before heading to 1.26.
For rest of November
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The market has short memory
Gold targeting 1965/7
and this is my last gold trading for 2023.. any trade start with a problem.
The market has short memory
Quoting Nvrmd
dollar can push at any time, we got close to my target of 103.5 in the dxy and I am expecting a bigger correction soon. If gu doesnt clear 1.25 here we could drop once more to liquidity levels around 1.235 before heading to 1.26.
that is nonsense, but a possibilities still there.
While i myself still in sell but i dont believe it
10000% Wannabe . -$3000 & -$4000
GoldTalk All Time Profit: -$3,739
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Update1 M30

A new level of support 1.2470 but double top pattern can work... lets see if we can overcome R (1.25)
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Looks like its "Target Mr F's stops day"
Quoting martinez1
Yea, It is what i keep saying, all that matters is that a trader finds he's or her own edge with quality an uninterrupted execution then nothing else matters. Your edge can be anything that is working or not working for other traders. Your edge has to be compatible with your financial and trading goals, e.g how much or what is your ultimate account size target? what is your mark? assuming yours is 10 or 100 millions dollars can you trade that with entry from 5 mint timeframe. knowing that at that level of money so may things are involve? Liquidity...
Great post Mr Martinez.

I guess this is where many failed to understand the amount of energy, focus and time put to get their sh*t together.

Everyone want free signal, but very few want to actually sit and learn so they can take their own decision, while using online platform as a confirmation or look at other opinion and why the other scenario might unfold with higher possibilty which you are currently not able to perceive.

Just like the saying goes "Everybody wants to go the heaven but nobody wants to die."

Because since day 1 in FF i was never interested in anybody's trade calls. I'm more interested in the "WHY?"
The edge/the setup/ the rule is what i want to learn, understand and apply in real time to see if it will work in the longer term.
Riskin' ticks for points!
Boring
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Quoting Wavegarrick
{quote} Pat, I truly do not want to argue with you but I need to understand something. What do you classify as a real trade? You post your foresight anaylysis for your adoring followers: Fair enough and everyone is expecting a nice drop to your target level. {image}In your follow up post you post your trades 2hrs later leaving your adoring followers sitting with sell trades and underwater. and you are high and dry with your buy trades at the perfect entry point in a big fat profit. {image} Is this what you call a real...
Hello Sir, here 4 bullets for real trade imho:

  1. Real account(not a demo)
  2. Real currency(usd, eur not like usc(united state cent))
  3. Real-time open position(not after when you in positive zone, and show how great you are)
  4. Real-close profits or losses(with confirmation)

P.S. I think it's stupid blindly copy Chiko's trades(different deposit, strategy, risk, mindset, psyhology etc), but he makes great technical and fundumental analysis with explanation;

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