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Cable Update (GBPUSD)

  • #799,381
  • Dec 27, 2023 6:05pm Dec 27, 2023 6:05pm
Quoting aa4fx
{quote} 1:500 leverage. It is 200e margin on 1lot .. then, could easily have several lots. Taking 1 lot on gbpusd for 100 pip around 800e +/- Again: if you take 1 lot in 100k account -> 100 pips -> 800e profit (or loss) if you take 1 lot in 5k account -> 100 pips -> 800e profit (or loss). if you take 3 lots on 100k account -> 100 pips -> 2.4k profit (or loss) if you take 3 lots on 5k account -> 100 pips -> 2.4k profit (or loss) -> there is 600e for the margin Of course, those % have different numbers as they relate to a different account size. if...
I guess this reply is for him.

For me, pl write in line with my post above.

For easy understanding.

These are just trading principles, risk versus reward.
Intraday only.
  • #799,382
  • Dec 27, 2023 6:06pm Dec 27, 2023 6:06pm
Quoting navk
{quote} Nothing is clear. Write here how you make 29k in a year with 400 $ real money account. Be smart. In a simple 3 lines. With 400 $ real money account 1) What you average make daily ? what is your risk ? 2 ) What you make monthly ? what is your risk ? 3 ) What you make yearly ? I told you already, I make 29 k approx in a 100 k account per year with very minimum risk ( for repayable fee of 400 $ )
I am sorry but I will not go into that because I start to think that even if I will write it again you will still not understand the process from start to finish.

I wrote it several times, I think it was clear enough, with the approach to do it included.

Well, soon I will start it, wish me luck to be a good trader and I will show how it is done.
  • #799,383
  • Dec 27, 2023 6:10pm Dec 27, 2023 6:10pm
Quoting aa4fx
{quote} I am sorry but I will not go into that because I start to think that even if I will write it again you will still not understand the process from start to finish. I wrote it several times, I think it was clear enough, with the approach to do it included. Well, soon I will start it, wish me luck to be a good trader and I will show how it is done.
Best wishes are there for everyone.

But....

I have been in this industry for more than 10 yrs.

I still do not know how to make 29k with 400 dollar real money account.

If there is anything, pl write clearly so that everyone can understand.

If what you say is possible, i will throw away every funded frim and open new account with fx broker with 400 $

And if you do not reply in a clear understandable math ( in three lines ), I will presume ..and leave it at that.
Intraday only.
  • #799,384
  • Dec 27, 2023 6:17pm Dec 27, 2023 6:17pm
Quoting navk
{quote} aa4fx : I clarified how it is possible , one can make 29 k in a year with 400 $ repayable fee. I am waiting your reply in three lines how to ( you ) make 29k in a year with 400 $ real money account. Use my point no. 1,2,3 so that I can understand. And just write theoretically, that is enough. No need to show proof
I'm with you on this one NAVK. with a 200k account, 3% ROI per month is $72k income per year. I know many people on here can make 3% per month. I'm with FTMO, so that's a risk of about EUR 1,000 for the account which you get back anyway.

72K is 7200% of the 1k investment. I doubt anyone here can make 600% ROI monthly consistently for a year.

These days that 13% ( 15% with FTMO) has an unlimited number of days to achieve. No need to do it in a day, week, month or even year. No need to put on yourself all that pressure aa4fx is talking about.

Trading is all about risk. every trade is a risk. This is just the same, if the prop firm doesn't payout, it was worth the risk Zebi.
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #799,385
  • Edited Dec 28, 2023 2:46am Dec 27, 2023 6:19pm | Edited Dec 28, 2023 2:46am
Quoting Zebi
i feel foolish pointing this out but such a parabolic rise on hourly just begging to be shorted im already short on my one of my sell limit orders and will prolly short the close of this hourly candle too {image}
Could be dangerous Zeb, looks to be in full on buy mode.
Plus most FF traders with trade explorers are still short, a warning I wish I had heeded myself, as this data is the most accurate contra indicator I know of.
https://www.forexfactory.com/trades#...ions-details=1
Compulsions can be hard to resist
  • #799,386
  • Dec 27, 2023 6:20pm Dec 27, 2023 6:20pm
Quoting Iansco
{quote} I'm with you on this one NAVK. with a 200k account, 3% ROI per month is $72k income per year. I know many people on here can make 3% per month. I'm with FTMO, so that's a risk of about EUR 1,000 for the account which you get back anyway. 72K is 7200% of the 1k investment. I doubt anyone here can make 600% ROI monthly consistently for a year. These days that 13% ( 15% with FTMO) has an unlimited number of days to achieve. No need to do it in a day, week, month or even year. No need to put on yourself all that pressure aa4fx is talking about....
Yes,

what aa4fx says simply not possible, even theoretically.

400 $ to 29k in a year !!
Intraday only.
  • #799,387
  • Dec 27, 2023 6:29pm Dec 27, 2023 6:29pm
Quoting Iansco
{quote} I'm with you on this one NAVK. with a 200k account, 3% ROI per month is $72k income per year. I know many people on here can make 3% per month. I'm with FTMO, so that's a risk of about EUR 1,000 for the account which you get back anyway. 72K is 7200% of the 1k investment. I doubt anyone here can make 600% ROI monthly consistently for a year. These days that 13% ( 15% with FTMO) has an unlimited number of days to achieve. No need to do it in a day, week, month or even year. No need to put on yourself all that pressure aa4fx is talking about....
Just focus on 2 % monthly.

Have as many accounts as possible with different firms.

We do not want to be Millionaire in a single month.

Assue 6 different prop firm.

6 x 2 % = 12 % monthly.

Profit share will be approx 10k in a month

My advice
Intraday only.
  • #799,388
  • Dec 27, 2023 7:02pm Dec 27, 2023 7:02pm
Quoting navk
{quote} Whatever is the type of account, if you do not manage risk , you will blow the account. A gambling account is likely to be blown
yeah this year was hard for me...still have traumatic since 6 prop blown because not proper with my style lol..hedging cant be applicated with prop ..10% DD too small

Quoting trumps
{quote} Could be dangerous Zeb, looks to be in full on buy mode. Plus most are still short, a warning I wish I had heeded myself https://www.forexfactory.com/trades#...ions-details=1
sellers must be carefull.. its easy to kiss 2850 at upper bands H1
  • #799,389
  • Dec 27, 2023 7:53pm Dec 27, 2023 7:53pm
Thread is quiet.

I assume many are short and the trades underwater.

Nothing is saying to short.

I just took long.
Intraday only.
  • #799,390
  • Dec 27, 2023 7:59pm Dec 27, 2023 7:59pm
Quoting navk
Thread is quiet. I assume many are short and the trades underwater. Nothing is saying to short. I just took long.
because lot of trader short based on instinc and emotionally..just bad habbit
  • #799,391
  • Dec 27, 2023 8:13pm Dec 27, 2023 8:13pm
Quoting Zebi
{quote} dont get crazy on us like robinhood LOL
Pot, kettle, Black?
  • #799,392
  • Dec 27, 2023 8:27pm Dec 27, 2023 8:27pm
im short 2810 sl 2850
tp is 2770 at mid bands H1..
need to retrace there to.move more up
  • #799,393
  • Dec 27, 2023 9:37pm Dec 27, 2023 9:37pm
Quoting navk
Thread is quiet. I assume many are short and the trades underwater. Nothing is saying to short. I just took long.
Interesting that one wouldn't first assume that people are on holiday and having a life
Congratulations ScalaFX for coming out of the closet!
  • #799,394
  • Dec 27, 2023 9:42pm Dec 27, 2023 9:42pm
Quoting nubcake
{quote} Interesting that one wouldn't first assume that people are on holiday and having a life
it was very active when people were on profit
Intraday only.
  • #799,395
  • Dec 27, 2023 9:48pm Dec 27, 2023 9:48pm
Quoting navk
{quote} it was very active when people were on profit
it will active at news NY later..when people at gambling mod
  • #799,396
  • Dec 27, 2023 9:55pm Dec 27, 2023 9:55pm
Only in forex will you find people busy trading away during the holiday period claiming everyone else must be the loser.
Congratulations ScalaFX for coming out of the closet!
  • #799,397
  • Dec 27, 2023 10:02pm Dec 27, 2023 10:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: 4a51bcc37836f9694d566cc52b62d843.jpg Size: 23 KB
  • #799,398
  • Dec 27, 2023 10:05pm Dec 27, 2023 10:05pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h4.png Size: 13 KB

Subject to alterations


Quiet? Yes.
Underwater? No, not me

I just don't want myself to look and sound like hotshots
  • #799,399
  • Dec 27, 2023 10:10pm Dec 27, 2023 10:10pm
Quoting navk
{quote} Yes, what aa4fx says simply not possible, even theoretically. 400 $ to 29k in a year !!
Wrong. If you start with a $400 live account and gain an average of +1.7% ROI per trading day, compounded daily, or +45% ROI per month, and you do not withdraw anything, you will have $30k in one year. Do the math.
You cannot fail if you never give up.
  • #799,400
  • Dec 27, 2023 10:27pm Dec 27, 2023 10:27pm
I set up a level-up system for me every time I achieve +100% ROI on any of my accounts. I have now 5 Demo accounts running, starting with $100k, to finish at $200k. That's Level 1. So, I expect to level up from Demo to Live on all 5 accounts.
Level 2 will be starting with $100 live account.
I compiled the plan below.
For level 2-4, I will deposit funds, totaling $1,000 to start level 4.
Once the level 4 +100% goal is completed, I start withdrawing a portion of the profits into my bank as income, and continue trading the rest.
Level 17 will result in $1.2 Million
Level 32 will result in $1.2 Billion
Now, of course, once you reach like around $5-20 Million (Level 20-23) your max trading leverage accessible from brokers in the USA will be reduced from 50:1 to 33:1, then 20:1, 10:1, 5:1, and eventually 1:1, depending on the size of your trading position, therefore each higher level from 23 and up will take longer to achieve.

Level #1 = Demo $100K - 200K
Deposit $100
Level #2 = Live $100 - 200
Deposit $200
Level #3 = Live $400 - 800
Deposit $700
Level #4 = Live $1,500 - 3,000
Withdraw $500
Level #5 = Live $2,500 - 5,000
Withdraw $1,000
Level #6 = Live $4,000 - 8,000
Withdraw $2,000
Level #7 = Live $6,000 - 12,000
Withdraw $2,000
Level #8 = $10,000 - 20,000
Withdraw $5,000
Level #9 = $15,000 - 30,000
Withdraw $5,000
Level #10 = $25,000 - 50,000
Withdraw $10,000
Level #11 = $40,000 - 80,000
Withdraw $20,000
Level #12 = $60,000 - 120,000
Withdraw $20,000
Level #13 = $100,000 - 200,000
Withdraw $50,000
Level #14 = $150,000 - 300,000
Withdraw $50,000
Level #15 = $250,000 - 500,000
Withdraw $100,000
Level #16 = $400,000 - 800,000
Withdraw $200,000
Level 17 = $600,000 - 1,200,000
Withdraw $200,000
Level 18 =
$1,000,000 - 2,000,000
Withdraw $500,000
Level 19 =
$1,500,000 - 3,000,000
Withdraw $500,000
Level 20 =
$2,500,000 - 5,000,000
Withdraw $1,000,000
Level 21 =
$4,000,000 - 8,000,000
Withdraw $2,000,000
Level 22 =
$6,000,000 - 12,000,000
Withdraw $2,000,000
Level 23 =
$10,000,000 - 20,000,000
Withdraw $5,000,000
Level 24 =
$15,000,000 - 30,000,000
Withdraw $5,000,000
Level 25 =
$25,000,000 - 50,000,000
Withdraw $10,000,000
Level 26 =
$40,000,000 - 80,000,000
Withdraw $20,000,000
Level 27 =
$60,000,000 - 120,000,000
Withdraw $20,000,000
Level 28 =
$100,000,000 - 200,000,000
Withdraw $50,000,000
Level 29 =
$150,000,000 - 300,000,000
Withdraw = $50,000,000
Level 30 =
$250,000,000 - 500,000,000
Withdraw = $100,000,000
Level 31 =
$400,000,000 - 800,000,000
Withdraw $200,000,000
Level 32 =
$600,000,000 - 1,200,000,000
Withdraw $200,000,000
You cannot fail if you never give up.
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