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Cable Update (GBPUSD)

  • #799,821
  • Dec 29, 2023 4:13pm Dec 29, 2023 4:13pm
Quoting T721
{quote} Brilliant, thanks for your help
My pleasure, hope you managed the access.
  • #799,822
  • Dec 29, 2023 4:22pm Dec 29, 2023 4:22pm
Quoting nubcake
{quote} You know when you see a kid running around out of control and you tell them maybe they should settle the fuck down before they get hurt, they don't settle and instead act even more hyperactive and obnoxious... and then eventually they fall down, bust their shit up in glorious fashion, and start crying? Silver linings. Bring a chair and popcorn.
Inserted Video
You have an IQ lower than 90 if you interact with this user.
  • #799,823
  • Dec 29, 2023 4:22pm Dec 29, 2023 4:22pm
Quoting _BBKing_
{quote} this atm printed the “wtf pattern” I hate when it happens. And learnt to simply stay out when it comes. {image}
$71.50 was nice entry though, jumped in late but traded around,, making over a hundred pips.

Better luck next week
  • #799,824
  • Dec 29, 2023 4:24pm Dec 29, 2023 4:24pm
End of year deserves some analysis.
Wedge pattern evident on higher timeframes.
We have broken back into the 2100 pip range with a structural bullish break on 3 and 6 month charts.
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Compulsions can be hard to resist
  • #799,825
  • Dec 29, 2023 4:44pm Dec 29, 2023 4:44pm
Quoting RickM
{quote}
For me, I had to ditch Candle Charts and move to a Data Based trading system like a Footprint Chart or a DOM to get those stat's. Cheers
Hi Rick,
I really appreciate you having the time to share the right approach to trading and the comments you make are very useful. You seem to have lots of valuable knowledge.
Delta charting it's something I would like to understand and willing to apply to my trading.
Could you please recommend any good thread or info where I could read about how it?

Thanks a lot.
  • #799,826
  • Dec 29, 2023 4:59pm Dec 29, 2023 4:59pm
Euro futures took the lead today.
New year's resolution to add Euro to my portfolio.
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  • #799,827
  • Edited 5:26pm Dec 29, 2023 5:07pm | Edited 5:26pm
1.215 looks attractive
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Air force
  • #799,828
  • Edited 5:50pm Dec 29, 2023 5:12pm | Edited 5:50pm
Quoting aa4fx
{quote} Since it was not clear from 1st look, better wait for some real case examples, ... it will be less time consuming.
forget 100k number.

Actually, the dd limit offered is real money.

Overall DD limit is 10k and daily DD is 5k . ( for 100k account )

Fee for this 100k is roughly 400 $.

Which is better to trade ?

400 $ real money or 5 k /10 k virtual money ?

Which allows/ offers better stop loss limit / trading lots ?
Intraday only.
  • #799,829
  • Dec 29, 2023 5:20pm Dec 29, 2023 5:20pm
Have a great new year folks. Will be watching the volatility on Monday if the markets open. Else back to trading the ranges on Tuesday. Unfortunately GU closed below my b/e at 12755 so trades open which wasn’t the plan. But then again I haven’t been looking at the charts too closely this week either. 128 still intact and 127 supported well. Maybe an attempt for either way on Monday.
Insane in the Brain..
  • #799,830
  • Dec 29, 2023 5:37pm Dec 29, 2023 5:37pm
Quoting navk
{quote} forget 100k number. Actually, the dd limit offered is real money. Overall DD limit is 10k and daily DD is 5k . ( for 100k account ) Fee for this 100k is roughly 400 $. Which is better to trade ? 400 $ or 5 k /10 k ? Which allows/ offers better stop loss limit / trading lots ?
totally agree...
easiest way to change mindset about prop.
dont look how much you get the total balance. but how much u have if total loss.
prop are playing with our psychology..
because if we only see the balance we have..our mindset is greediness at first.

paying $50 $400 for get free $5000 ? why Not?
  • #799,831
  • Dec 29, 2023 5:38pm Dec 29, 2023 5:38pm
Quoting HaLBot
{quote} Not sure where this conversation started but wanted to say something on this: There is something like 250 trading days in a year but take 20 days a month as a baseline so 240 trading days. Maybe take a couple of trading days of a month to chill. Make just $250.00 a day is $5000.00 a month is $60,000.00 in a year. In 20 years it's 1.25 Million. I'm talkin an average of $250.00 a day because of course you'll have losing days. Is this too much? Because I don't think it's too much and relatively easy but of course requires Ninja focus. You'll...
This well said and need to be documented.

400 $ in a day is approximately 0.4 % of 100k account, and definitely possible to make with minimum risk.

It is actually 5k/10k account basically which is dd limit

Now, the question is,

What is better capital to make 400 $ a day ?

1) 400 $ real money ?

0r

2 ) 5k dd/10k dd ( 100k prop account ) which was purchased by paying 400 $ fee ?
Intraday only.
  • #799,832
  • Dec 29, 2023 5:49pm Dec 29, 2023 5:49pm
Quoting voeltoez
{quote} totally agree... easiest way to change mindset about prop. dont look how much you get the total balance. but how much u have if total loss. prop are playing with our psychology.. because if we only see the balance we have..our mindset is greediness at first. paying $50 $400 for get free $5000 ? why Not?
A few things to be kept in mind.

We are actually paying 400 $ fee to buy 5k/10k account ( dd limit )

Compare both 400 $ real money account, and 5k/10k virtual money account.

Which account has better offerings in terms of making 400 $ profit in a day ?

Halbot asks to make 400 $ a day.

I put it in a different manner.

Make 2 % in a 100 k account every month, which is in average 100 $ per day.

Have 10 such 100k accounts.


10 x 2000 x 12 = 240,000 $ in a year.
Intraday only.
  • #799,833
  • Dec 29, 2023 5:55pm Dec 29, 2023 5:55pm
Quoting navk
{quote} A few things to be kept in mind. We are actually paying 400 $ fee to buy 5k/10k account ( dd limit ) Compare both 400 $ real money account, and 5k/10k virtual money account. Which account has better offerings in terms of making 400 $ profit in a day ?
now back to ask my self..is it enough 10% drawdown?
my answer is NO
  • #799,834
  • Dec 29, 2023 5:57pm Dec 29, 2023 5:57pm
Quoting voeltoez
{quote} now back to ask my self..is it enough 10% drawdown? my answer is NO
10k dd is enough to make 2000 $ in a month whether it is challenge account or funded account.
Intraday only.
  • #799,835
  • Dec 29, 2023 6:04pm Dec 29, 2023 6:04pm
Quoting voeltoez
{quote} now back to ask my self..is it enough 10% drawdown? my answer is NO
we need to reasses how we approach new year.

You / I want to make 2 % in a day or 2 % in a month with 100k account.

If you / me think of a process, I would say 2000 $ profit in a month is good thinking.
Intraday only.
  • #799,836
  • Dec 29, 2023 6:07pm Dec 29, 2023 6:07pm
Quoting voeltoez
{quote} now back to ask my self..is it enough 10% drawdown? my answer is NO
Gamblers attitude with large profit in a day or month can not win for longer period of time.

Purely as a trader, with small aspiration, let us say, 100 $ per day or 2000 $ in a month is possible.

100 K virtual account offers easy way to make this than 400 $ real money account.
Intraday only.
  • #799,837
  • Dec 29, 2023 9:14pm Dec 29, 2023 9:14pm
Quoting navk
{quote} A few things to be kept in mind. We are actually paying 400 $ fee to buy 5k/10k account ( dd limit ) Compare both 400 $ real money account, and 5k/10k virtual money account. Which account has better offerings in terms of making 400 $ profit in a day ? Halbot asks to make 400 $ a day. I put it in a different manner. Make 2 % in a 100 k account every month, which is in average 100 $ per day. Have 10 such 100k accounts. 10 x 2000 x 12 = 240,000 $ in a year.

Multiple accounts are on a level I don't understand yet.
Would the multiple accounts be linked activating trades on all accounts when a trade is placed on one account??
Don't Leave Money on the Table
  • #799,838
  • Dec 29, 2023 9:24pm Dec 29, 2023 9:24pm
Quoting HaLBot
{quote} Multiple accounts are on a level I don't understand yet. Would the multiple accounts be linked activating trades on all accounts when a trade is placed on one account??
one can use trade copier.

But, remember, most of firms allow trade copying with in your own accounts between same firm or different firms.

Trader sender and trade receiver account holder shall be same.

I use

fxblue trade copier

Try doing copier in demo account to get used to it
Intraday only.
  • #799,839
  • Dec 29, 2023 9:58pm Dec 29, 2023 9:58pm
Quoting navk
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.
It is more than 3 lines but it fully explain the process of transforming those 400$ into something nice, find yourself the number, and it is explained here: https://www.forexfactory.com/thread/...6#post14703906

You don't have to throw away every funded firm and start with 400$, etc ... because it just happen that you wrote that, but it would be interesting to know your approach, if you will have any, as you you were transparent into describing your current setup, and I thank you for that.

My setup include a vps with 4 mt4 instances, 3demo + 1live that will copy from those demo. I will trade those demo, one at a time. Fx Blue looks great for that, will have to see in reality how it works in this setup. The 1 sender - 1 receiver is OK.
  • #799,840
  • Dec 29, 2023 10:18pm Dec 29, 2023 10:18pm
My outlook on GBPUSD for the beginning of 2024. Happy new year

Inserted Video
i have tried to start trades with a trend, now i prefer to follow the trend
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