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Cable Update (GBPUSD)

  • #802,081
  • Jan 11, 2024 4:53pm Jan 11, 2024 4:53pm
Quoting T721
{quote} Bloody hell thats extortionate, my son just came off his fixed this month so i paid down his equity by 50% to give him plent breathing space. Personally i dont think were going to get another rise, the Chancellor isnt that stupid imo and hopefully third quarter they will start decreasing
depending on tomorrow’s data we may see drops q1 and q2. I can’t see a rise but the cuts won’t be as escalated
Insane in the Brain..
  • #802,082
  • Jan 11, 2024 4:58pm Jan 11, 2024 4:58pm
Quoting BeeTogether
{quote} depending on tomorrow’s data we may see drops q1 and q2. I can’t see a rise but the cuts won’t be as escalated
Thanks BT, it will be interesting to see tomorrow for sure pal

Try not to miss nzd/usd to the downside --- 200pips
  • #802,083
  • Jan 11, 2024 5:05pm Jan 11, 2024 5:05pm
Quoting T721
{quote} Thanks BT, it will be interesting to see tomorrow for sure pal Try not to miss nzd/usd to the downside --- 200pips
nzd/usd will be tempting for me. Will check the PA when I wake up
Insane in the Brain..
  • #802,084
  • Jan 11, 2024 5:37pm Jan 11, 2024 5:37pm
Quoting voeltoez
short 2716 tp 2650 sl 2750
lucky me im leaving for sleep and its just 1 trade
short again 2771 sl 2785
  • #802,085
  • Jan 11, 2024 5:41pm Jan 11, 2024 5:41pm
Quoting Moty
Finnly a little retracement I need 10 pips more to get to be I add positions along the way and it kept rising I was at 180 $ loss at the peak {image}
I got tempted to buy at the lower prices. I rarely cost average but the set-up was almost A class. Im surprised by your trade @Moty. You always have a hard stop, what happened? I think my set-up 2 could work not sure bt I really think your stops are quite important to stop your hard earned daily profits being wiped out by one trade.
Attached Image (click to enlarge)
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #802,086
  • Edited 5:54pm Jan 11, 2024 5:42pm | Edited 5:54pm
Quoting eyefeelsix
{quote} exactly
set-up 2 could work, no?. oops,TP1 hit.

sorry i had to edit your quote...
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #802,087
  • Jan 11, 2024 5:47pm Jan 11, 2024 5:47pm
Quoting voeltoez
{quote} lucky me im leaving for sleep and its just 1 trade short again 2771 sl 2785
Gu looking quite bullish however should the bears wake up, there’s a big area to drop down to 127-12680
Insane in the Brain..
  • #802,088
  • Jan 11, 2024 5:53pm Jan 11, 2024 5:53pm
Im short the UJ, dollar generally as im long GU
Attached Image (click to enlarge)
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #802,089
  • Jan 11, 2024 5:56pm Jan 11, 2024 5:56pm
Quoting BeeTogether
{quote} Gu looking quite bullish however should the bears wake up, there’s a big area to drop down to 127-12680
im still bear because H4 usdx still bullish, just rejection from upperbands, then go fly again. but still chance bull test 128 first before deep down
  • #802,090
  • Jan 11, 2024 5:58pm Jan 11, 2024 5:58pm
Quoting voeltoez
{quote} im still bear because H4 usdx still bullish, just rejection from upperbands, then go fly again. but still chance bull test 128 first before deep down
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  • #802,091
  • Jan 11, 2024 6:01pm Jan 11, 2024 6:01pm
Shorts are dangerous at the moment and red news later…. weekly candle showing signs of room up…
Extreme gut feeling trader
  • #802,092
  • Jan 11, 2024 6:06pm Jan 11, 2024 6:06pm
short GU 2779, pendings 2790, 2800, 2810, 2820 back to sleep
People don't plan to lose. They lose because they don't plan.
  • #802,093
  • Jan 11, 2024 7:11pm Jan 11, 2024 7:11pm
Quoting T721
{quote} not a fence sitter but i do remember jaybag... think he scammed someone. And another guy called Daniel2775 is another one. No time for em {image} {image}
I guess it is the New Yorker in me, but giving a stranger 25K to trade for you is nuts. Why would one do that when all you have to do is give the trading account info for them to trade.
Don't compare your trades to others. Most often the masses are the asses
  • #802,094
  • Edited Jan 12, 2024 6:07am Jan 11, 2024 7:26pm | Edited Jan 12, 2024 6:07am
Quoting 7154Superman
{quote} Closed all my EUR/USD longs on demo accounts. Still have the live long position stuck at 1.10. 4 shorts active now. Let's see what happens tomorrow. Let me update my Trade Explorer now.
My Trade Explorer is now updated.
I have 5 demo shorts in position on EUR/USD along with the one live long position at 1.10.
My #7 Demo is at the top short position at 1.09812, and will hit +100% at the green line, TP = 1.09394 if and when price reaches it today. See screenshot below.
If that happens, then it will become the third live account of $100. See trade explorer at bottom of this comment.
If EUR/USD continues rising, I expect it to hit strong resistance, so the plan is to hold my shorts and add more at the top.
I calculated the combined ROI growth of my first Demo account that reached +100% plus the +36.5% of the first live account it was upgraded to. Combined ROI is now at +173.88% or the balance equivalent of $273,877, starting off $100,000 demo deposit. That is the telescoping growth I had in mind. And it should continue this way. Let me make a list so you can see what the results should look like going forward, let's say, if I would had tried this method with live accounts only, no demo. Eventually, it will be mostly, if not all, live. If I ever get in too deep of a drawdown, resulting in blown accounts, it will only be the smallest accounts at the bottom of the list. The top accounts will not likely be subjected to that much risk of loss. If the opportunity presents itself, I expect to open more demo accounts to reduce the risk of loss to the top accounts. 12-15 total accounts could work well. Even 20 accounts could be possible.
Total results so far with my 8 accounts, best to worst.
(All Demo accounts start at $100,000 and end at $200,000, then switch to Live account, starting at $100.)
#6 Demo + #1 Live = $273,878 = +173.88% (10 trading days)
#5 Demo + #2 Live = $200,170 = +100.17% (11 trading days)
#2 Demo = $169,673 = +69.67% (27 trading days)
#7 Demo = $168,149 = +68.15% (7 trading days)
#4 Demo = $162,158 = +62.16% (11 trading days)
#8 Demo = $128,877 = +28.88% (5 trading days)
#3 Demo = $114,748 = +14.75% (11 trading days)
#1 Demo = $103,753 = +3.75% (32 trading days)
Total overall growth is now at +65.18%.
This is growing faster than I expected.
I started Demo #1 on November 26, about 7 weeks ago.
Demo #8 was added on January 5, last Friday.
So far, so good.
Attached Image (click to enlarge)
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You cannot fail if you never give up.
  • #802,095
  • Jan 11, 2024 7:26pm Jan 11, 2024 7:26pm
Quoting T721
{quote} Had a helluva ride today, got out right on the 2nd blue Liquidity zone... The only regret is i had 3 more orders and only one got filled when i was sleeping. Should took a long from there but too damn busy with other trades i took my mind off it {image} {image} {image}
IMO we will have a week and a half. Plenty of zones to break out of til then.
Don't compare your trades to others. Most often the masses are the asses
  • #802,096
  • Jan 11, 2024 8:35pm Jan 11, 2024 8:35pm
Quoting 7154Superman
{quote} My Trade Explorer is mostly updated, except for the last one, which is taking forever. I have 5 demo shorts in position on EUR/USD along with the one live long position at 1.10. My #7 Demo is at the top short position at 1.09812, and will hit +100% at the green line, TP = 1.09394 if and when price reaches it today. See screenshot below. If that happens, then it will become the third live account of $100. See trade explorer at bottom of this comment. If EUR/USD continues rising, I expect it to...
nice. just remember keep calm, dont overproud or over confidence. stay with ur profitable system.
  • #802,097
  • Jan 11, 2024 8:43pm Jan 11, 2024 8:43pm
Quoting 7154Superman
{quote} My Trade Explorer is mostly updated, except for the last one, which is taking forever. I have 5 demo shorts in position on EUR/USD along with the one live long position at 1.10. My #7 Demo is at the top short position at 1.09812, and will hit +100% at the green line, TP = 1.09394 if and when price reaches it today. See screenshot below. If that happens, then it will become the third live account of $100. See trade explorer at bottom of this comment. If EUR/USD continues rising, I expect it to...
That's good to know. Great job
So, are you using an EA to manage the trades or everything is done manually?
  • #802,098
  • Jan 11, 2024 9:11pm Jan 11, 2024 9:11pm
Quoting kenny4real
{quote} That's good to know. Great job So, are you using an EA to manage the trades or everything is done manually?
Everything is manual on an Android smartphone. Well, actually, 2 phones side by side sometimes. Oanda is easy to use on the phone.
You cannot fail if you never give up.
  • #802,099
  • Jan 11, 2024 9:35pm Jan 11, 2024 9:35pm
Quoting eyefeelsix
{quote} already guessed, turbulence often occurs when the weather is bad re-entry buy in place {image}

it's friday and I'm ready to win

Attached Image (click to enlarge)
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https://breakpullback.com
  • #802,100
  • Jan 11, 2024 10:15pm Jan 11, 2024 10:15pm
Quoting 7154Superman
{quote} Everything is manual on an Android smartphone. Well, actually, 2 phones side by side sometimes. Oanda is easy to use on the phone.
Wow...that's alot of work!
But if it's working and profitable, the work becomes fun.
Wow... well-done
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