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Cable Update (GBPUSD)

  • #799,401
  • Dec 27, 2023 10:30pm Dec 27, 2023 10:30pm
Just crazy up year end, no decision yet, so waiting breakout down!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #799,402
  • Dec 27, 2023 10:34pm Dec 27, 2023 10:34pm
Quoting Wavegarrick
{quote} In addition to this, The brutal truth of forex trading. I see many calls that price will swing towards 1.2000 and so forth. The truth is that it will never happen unless a sequence of swings happen from a monthly and weekly perspective. Unleash this in your trading and I gurantee you success. It does not mean you cannot counter trade, but always bare my two charts below in mind. I always trade in the direction of the monthly and weekly candles. It has helped me in more ways than I can imagine. Simplified monthly and weekly GbpUsd chart....
If I may add to this......I always look at the 21EMA Daily and 4hr.
Anything over/under this line determine the trend.
The range between current price and this EMA tend to correct once it exceeds 200p.....that's when the 4hr EMA kicks in.
At this point, my TP lies between 1.2870 - 1.2910 for a possible final long destination of 1.3120s.
Lost....
  • #799,403
  • Dec 27, 2023 10:35pm Dec 27, 2023 10:35pm
Don't assume just because the thread is quiet the people are mindless
  • #799,404
  • Dec 27, 2023 10:43pm Dec 27, 2023 10:43pm
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
When you say "Plus most are still short" who are the most and where can I find this info for myself ...many thanks in advance...
  • #799,405
  • Dec 27, 2023 10:51pm Dec 27, 2023 10:51pm
Quoting 7154Superman
{quote} 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.
I know this calculation, multiplier.
Intraday only.
  • #799,406
  • Dec 27, 2023 10:54pm Dec 27, 2023 10:54pm
It is called compound interest in basic banking math in case you didn't know
  • #799,407
  • Dec 27, 2023 10:59pm Dec 27, 2023 10:59pm
Quoting elude
{image} Subject to alterations Quiet? Yes. Underwater? No, not me I just don't want myself to look and sound like hotshots
like your style man...silent but deadly
  • #799,408
  • Dec 27, 2023 11:05pm Dec 27, 2023 11:05pm
Quoting voeltoez
{quote} like your style man...silent but deadly
Thanks Mr voeltoez
  • #799,409
  • Dec 27, 2023 11:07pm Dec 27, 2023 11:07pm
Quoting Waveskierrob
{quote} When you say "Plus most are still short" who are the most and where can I find this info for myself ...many thanks in advance...
Cheeky bastard
  • #799,410
  • Dec 27, 2023 11:15pm Dec 27, 2023 11:15pm
Quoting 7154Superman
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...
If trading was this easy, everyone would be a billionaire.
And trading does not consists of win only, the other half is loss.
Losses slow down the compounding process and required more effort to get back what you lost.
Time also an important factor to consider in the equation
More time in the market, does not mean you trade better!
  • #799,411
  • Dec 27, 2023 11:29pm Dec 27, 2023 11:29pm
Quoting mallee
{quote} Cheeky bastard
What you find on this thread that folks here will make a statement or say something when you ask politely to justify they either don't answer or they wil ask you a question which is fine but answer the question first, a fine example was my last conversation with WaveGarrick he just can't answer my questions bit sad really...
  • #799,412
  • Dec 27, 2023 11:48pm Dec 27, 2023 11:48pm
Quoting 7154Superman
If you start with a $400 live account and gain an average of +1.7% ROI per trading day, you will have $30k in one year. Do the math.
//----

1.7 per day for a year...... that's a steep hill to crawl up.....

.....h
//------
Attached File(s)
File Type: ex4 roi.ex4   6 KB | 276 downloads
File Type: mq4 roi.mq4   1 KB | 344 downloads
to trade and code, keep both simple... no call to impress....h
  • #799,413
  • Dec 27, 2023 11:49pm Dec 27, 2023 11:49pm
wont tries to.compound account again, makes me more greedy..not good for psychology
  • #799,414
  • Dec 28, 2023 12:08am Dec 28, 2023 12:08am
Quoting Jolita
Good sell from 12818

Weekly Donchian high this was. I think should hold for now.
Attached Image (click to enlarge)
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if this is taken, larger monthly DH is 13166.
  • #799,415
  • Dec 28, 2023 12:12am Dec 28, 2023 12:12am
Quoting hayseed
{quote} //---- 1.7 per day for a year...... that's a steep hill to crawl up..... .....h //------ {file} {file}
one can do this with copy trading.
Demo account 100 k shall be sender.
1000 $ real money account shall be receiver.
The lot size multiplication is automatically done
Intraday only.
  • #799,416
  • Dec 28, 2023 12:14am Dec 28, 2023 12:14am
Quoting Fardeen1209
{quote} If trading was this easy, everyone would be a billionaire. And trading does not consists of win only, the other half is loss. Losses slow down the compounding process and required more effort to get back what you lost. Time also an important factor to consider in the equation

There is another detail. He is ignoring the software supercomputers that manage trading. As soon as he starts putting in his multi-million orders, those computers are going to start working harder to extract liquidity from his accounts to 'fund' their price movement activities, significantly increasing his level of difficulty! This is why any 'system' that works and becomes popular simply stops working. It's the popular piece that kills it!
  • #799,417
  • Dec 28, 2023 12:20am Dec 28, 2023 12:20am
overall top ranging continue to play for some more times !
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #799,418
  • Dec 28, 2023 12:24am Dec 28, 2023 12:24am
we go again Bull Gang buy @ 1.28095 sl 30 tp 1.28655
Keep the Lights on then you can catch the rise from the dark.
  • #799,419
  • Dec 28, 2023 12:40am Dec 28, 2023 12:40am
Quoting dantpm
{quote} There is another detail. He is ignoring the software supercomputers that manage trading. As soon as he starts putting in his multi-million orders, those computers are going to start working harder to extract liquidity from his accounts to 'fund' their price movement activities, significantly increasing his level of difficulty! This is why any 'system' that works and becomes popular simply stops working. It's the popular piece that kills it!
For sure jus a day dreaming, mistakes will be made.

I have one add new broker account running since 28th of Sep, going quiet well, so far 100% in profit after 3 months, no loss, all closed in profit. Let's see if by March I can double the mount.
  • #799,420
  • Dec 28, 2023 12:42am Dec 28, 2023 12:42am
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...
ok what you explain is mathematically correct. I can’t deny it.
but you are not taking in account the risk x trade.
1lot on a 5k is approx 5% risk x trade. (Depends on the sl)
the same has to apply to the real 400$ account.

anyway if you believe this is going to work for you, or someone has same or similar idea, it’s ok.
maybe I will try it also. Who knows…

I just wanted to point it out that the rist to reward is something very important in trading. It comes out when you lose 1 or 2 trades.
when calculating stuff, we don’t care much about it.

in the past I had a 1k account I was able to make it be 10k in few months.
then from 10k to 5k in 1week.
why? Extreme over leverage.

my advice is to be careful,

having a trade running where even if price goes 50pips against you proving you wrong and losing 0,5% or 0.3% of balance makes things different.
90% of traders use TA, indicators and prediction
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