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Cable Update (GBPUSD)

  • #798,761
  • Dec 23, 2023 2:12pm Dec 23, 2023 2:12pm
Quoting Wavegarrick
{quote} Hi Bigive, I think you have just answered your own question and it took me years to figure out In my earlier days I could never bare the thought of keeping a trade open for more than a few hours because of the big lot sizes I traded. It was until one day that I lost most of my funds and my wife refused to give another cent to invest into forex. I had about $100 left. I threw in a few .01 lot small trades and walked away. I completely forgot about it and came back a couple of weeks later. My account had grown substantially. It is then...
That's a truly eye-opening story my friend. Greed can be a real troublemaker in the world of finance. it's like having a cake and you should only take a bite not the whole thing.
Its not an advice and sorry for grammar.
  • #798,762
  • Dec 23, 2023 3:49pm Dec 23, 2023 3:49pm
Merry Xmas to all that celebrate and happy festive season
average dude treading water
  • #798,763
  • Dec 23, 2023 4:12pm Dec 23, 2023 4:12pm
Quoting Wavegarrick
{quote} Hi Bigive, I think you have just answered your own question and it took me years to figure out In my earlier days I could never bare the thought of keeping a trade open for more than a few hours because of the big lot sizes I traded. It was until one day that I lost most of my funds and my wife refused to give another cent to invest into forex. I had about $100 left. I threw in a few .01 lot small trades and walked away. I completely forgot about it and came back a couple of weeks later. My account had grown substantially. It is then...
Hi-hi! Good point, Leon!
For me, your psychological shift said: Leon, increase your volume at least to 0,06 lots. It is a New Year, give a present for you!
Just kidding, brother! Don't listen to me! It is your money and you know better.
  • #798,764
  • Dec 23, 2023 6:26pm Dec 23, 2023 6:26pm
Quoting Robinhood1
{quote} 2035/40 is my support. Yes then 2080 is possible
I have good control of chart behaviour but i also must keep learning how far the central Algo can perform. I was short on gold friday at 2052. I was expecting to catch 2 waves back and forth before droping to around 1950. It topped at 2075 destroying all intermediate resistences. Elliott would not stand a chance nowadays. Its amazing to see a steady drilling through price at a constante speed. In other words, gold is going down to its natural support. Before reaching 2075, should have found support at 2035 and finally 2020 área. AI manages to distort 99% of resistences & supports. We will still see some resistence around 2020. Expect from around 1950, to see another all time high.
POSTMASTER
  • #798,765
  • Dec 23, 2023 6:33pm Dec 23, 2023 6:33pm
Quoting Robinhood1
{quote} I have good control of chart behaviour but i also must keep learning how far the central Algo can perform. I was short on gold friday at 2052. I was expecting to catch 2 waves back and forth before droping to around 1950. It topped at 2075 destroying all intermediate resistences. Elliott would not stand a chance nowadays. Its amazing to see a steady drilling through price at a constante speed. In other words, gold is going down to its natural support. Before reaching 2075, should have found support at 2035 and finally 2020 área. AI manages...
For the same reason i was expecting 2 more Bitcoin waves but AI did the same strategy on friday as i went short. BTW, i managed to make profits on both ocasiones. And this is why i rapidly switched from long to short yestetday.
POSTMASTER
  • #798,766
  • Dec 23, 2023 6:38pm Dec 23, 2023 6:38pm
Quoting Wavegarrick
{quote} Hi Reverso, Thanks for bringing this up. Swaps costs are definitely an issue. You can gauge from my closed trades list the amount of swap fees I paid over a year period. It represents roughly 10% of profit made. The most sensible thing would be to trade positive swap fee pairs only for example UsdJpy and GbpJpy buy trades give me a nice positive swap. Something definitely for consideration next year. I am very familiar with GbpUsd and it was my obvious choice to trade as long term trading which has been a work in progress since 2017. So...
Thanks for confirming my suspicions, I also calculated mine and arrived at roughly 10% of my profit too.
So if my monthly profit is around 10%, then it will be 10% x 0.9 = 9%, still a not bad return so I will just view it as a normal cost of business.
But that 10% swap cost is around 1 month of holding to trades compared to your 1 year holding, so I suspect your broker might have a much lower cost.
Mind sharing which broker you are with? If you are not comfortable then you may share it via pm.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #798,767
  • Dec 23, 2023 6:39pm Dec 23, 2023 6:39pm
These explanation posts are to satisfy the demand from some of my fans to discuss about my strategy. Specially little clown.
POSTMASTER
  • #798,768
  • Dec 23, 2023 6:41pm Dec 23, 2023 6:41pm
I see bots did not go on holiday anyways.
POSTMASTER
  • #798,769
  • Dec 23, 2023 6:52pm Dec 23, 2023 6:52pm
Its really nice yo contemplate the corporation's bot pushing Bitcoin long and i suspect will keep doing all the way down. Si seńor.
POSTMASTER
  • #798,770
  • Dec 23, 2023 6:58pm Dec 23, 2023 6:58pm
Quoting Robinhood1
Its really nice yo contemplate the corporation's bot pushing Bitcoin long and i suspect will keep doing all the way down. Si seńor.
i do have buys how nice of bots to do that for me ,merry Christmas
people leave, but this thread will go on for ever
  • #798,771
  • Edited 8:34pm Dec 23, 2023 8:16pm | Edited 8:34pm
Solana skyrocketing, this token unstoppable, no way to go against.
BTC barely moved.
  • #798,772
  • Dec 23, 2023 8:44pm Dec 23, 2023 8:44pm
Quoting Jolita
Solana skyrocketing, this token unstoppable, no way to go against. BTC barely moved.
Take that shit to a crypto thread where it belongs.
Congratulations ScalaFX for coming out of the closet!
  • #798,773
  • Dec 23, 2023 8:48pm Dec 23, 2023 8:48pm
Quoting nubcake
{quote} Take that shit to a crypto thread where it belongs.
Same advice to you on your shaite
  • #798,774
  • Dec 23, 2023 9:23pm Dec 23, 2023 9:23pm
Greetings! I'm Tobi, a fresh face in the forex market. I've recently embraced the exciting world of currency trading. Driven by a passion for global economies, I'm dedicated to learning the ins and outs of forex, staying informed on market trends, and embracing a disciplined approach to trading. Eager to connect with fellow traders, I'm open to insights and collaboration as I navigate this dynamic financial landscape. Here's to the journey ahead!
Just do It
  • #798,775
  • Dec 24, 2023 12:22am Dec 24, 2023 12:22am
Quoting Aussi
{quote} i do have buys how nice of bots to do that for me ,merry Christmas
Good luck Buddy but i have to say from this momento:
Goodbye Bitcoin and Corporation
POSTMASTER
  • #798,776
  • Dec 24, 2023 1:35am Dec 24, 2023 1:35am
Quoting Robinhood1
{quote} Good luck Buddy but i have to say from this momento: Goodbye Bitcoin and Corporation
my buys did tp mate and then the fall which made the honey flow , i don't own any just trade with icmarkets from the chart ,
people leave, but this thread will go on for ever
  • #798,777
  • Dec 24, 2023 1:39am Dec 24, 2023 1:39am
Quoting Aussi
{quote} my buys did tp mate and then the fall which made the honey flow , i don't own any just trade with icmarkets from the chart ,
Nice
Small lot sizes, big wins
  • #798,778
  • Edited 4:30am Dec 24, 2023 1:51am | Edited 4:30am
Quoting Aussi
{quote} my buys did tp mate and then the fall which made the honey flow , i don't own any just trade with icmarkets from the chart ,
My calculation is around 3xxx points drop rate per day since 9th december. We may be into negative by now. Maybe negative is more than 2 decimales. Not sure what it is.
I may be wrong
Bitcoin should be trading at -4000 today. How are we good to solve the equation
POSTMASTER
  • #798,779
  • Dec 24, 2023 3:14am Dec 24, 2023 3:14am
Quoting Waveskierrob
Maheee visited me again last night but his messages are getting more cryptic and harder to understand, I think he's suggesting an up and down day again with a SHORT bias....
Phew, Maheee was a little out, ....Merry Midwinter Festival everyone from the Waveski family...Xxx
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  • #798,780
  • Dec 24, 2023 4:01am Dec 24, 2023 4:01am
Quoting Wavegarrick
{quote} Hi Bigive, I think you have just answered your own question and it took me years to figure out In my earlier days I could never bare the thought of keeping a trade open for more than a few hours because of the big lot sizes I traded. It was until one day that I lost most of my funds and my wife refused to give another cent to invest into forex. I had about $100 left. I threw in a few .01 lot small trades and walked away. I completely forgot about it and came back a couple of weeks later. My account had grown substantially. It is then...
good point from you!

i would even go so far as to say that the secret to successful forex trading is low leverage.

0.01 lots per $200 is enough to make rapid progress.
trading is like dancing, don't think and just listen to the music!
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