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Cable Update (GBPUSD)

  • #802,941
  • Jan 16, 2024 3:23am Jan 16, 2024 3:23am
Quoting navk
{quote} Go out and Get a job in Coffee shop. It seems you lost everything. Do not chat here... get away from this thread right now.
bro it seems life is a lot easier in western countries. If that was my case, I wouldn't even venture into trading at all. Life turbulence threw me into this mess thinking forex will rescue me. It sunk me deeper into the bottom of the sea. Wished I never attended the first forex seminar in my life 16 years ago
https://trader.ftmo.com/metrix/1040315039
  • #802,942
  • Jan 16, 2024 3:27am Jan 16, 2024 3:27am
Quoting navk
I have put him in Ignore... Not to insult him or something. But to teach him... he must get away from trading for his own life.
i bet he wont leave trading..forex just like drugs..
just hope he can find a job and if he still wanna trade..trading just for fun and hobby.
  • #802,943
  • Jan 16, 2024 3:29am Jan 16, 2024 3:29am
Quoting Advice777
{quote} my case is worst because I don't have my own kid or wife to encourage me. Living a life of solitude The time lost to all these cannot be recovered. Wished all these losses happened in my teenage years. I am just so so sad.
10 years ago..i was homeless with 8 month baby.
  • #802,944
  • Jan 16, 2024 3:31am Jan 16, 2024 3:31am
...you can see on dly chart below - it's the 2828-2610 ranginess that has persisted for a while now, on this t/f and 4hr particularly.

dly below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 27 KB
Trader with an Edge.
  • #802,945
  • Jan 16, 2024 3:32am Jan 16, 2024 3:32am
Quoting Advice777
{quote} bro it seems life is a lot easier in western countries. If that was my case, I wouldn't even venture into trading at all. Life turbulence threw me into this mess thinking forex will rescue me. It sunk me deeper into the bottom of the sea. Wished I never attended the first forex seminar in my life 16 years ago
I came back to this forum few weeks ago after years. In these weeks everybody keeps repeating to keep strict money management rules.
me first, after 20years on charts, I’m unable to risk more than 0,5%/1% on a trade.
simply because I know what can happen.

i allow at max 3 loss in a row. Then I stop some days.

that is.

you cannot get a living out of a 1 to 10k account unless you are really great and have some more 30 to 50 in your pockets.

before trading, one has to understand how much you are allowed to lose.
the answer is simple. Over a 3k account you can lose 30$ max x trade. And eventually 100$ max as a stop trading rule for the week.
90% of traders use TA, indicators and prediction
  • #802,946
  • Jan 16, 2024 3:33am Jan 16, 2024 3:33am
Quoting _BBKing_
{quote} you oversized your trades. dont be too hard on this. shits happen in trading just like anything else. Good you withdrawn the remaining part of it. relax, take a breath. Trading is not the get rich quick thing. its a multi year process. your life will settle with other things out than trading
Those withdrawals aren't real money but "internal transfers " accumulated to boost the drawdown levels. If you put $500 in account and you lost $50, the system will record it as 10% loss. But doing internal transfers between two accounts makes the deposit counter to look like $2000 to $3000. So if you take the first trade and losses $50, it becomes 0.025% or 0.017% loss. I wanted trading the account decently to attract copy trading in the future. Shit just happened. Absolutely not even a $1 is left. Exness wiped out the entire account. Severely in pains
https://trader.ftmo.com/metrix/1040315039
  • #802,947
  • Jan 16, 2024 3:35am Jan 16, 2024 3:35am
Quoting voeltoez
{quote} i bet he wont leave trading..forex just like drugs.. just hope he can find a job and if he still wanna trade..trading just for fun and hobby.
No one ever leaves they always come back.
  • #802,948
  • Jan 16, 2024 3:39am Jan 16, 2024 3:39am
Quoting Advice777
{quote} No I don't want to do this anymore. Can't even feed myself and yet a lot wasted on this venture. I think 16 years wasted on this venture
You should borrow some more money, and get a credit card. Do it again. Surely it'll work next time. 17th year is the winner.

Cool emotional bait and roleplay. Totally believable.
Congratulations ScalaFX for coming out of the closet!
  • #802,949
  • Jan 16, 2024 3:39am Jan 16, 2024 3:39am
Quoting Advice777
{quote} Those withdrawals aren't real money but "internal transfers " accumulated to boost the drawdown levels. If you put $500 in account and you lost $50, the system will record it as 10% loss. But doing internal transfers between two accounts makes the deposit counter to look like $2000 to $3000. So if you take the first trade and losses $50, it becomes 0.025% or 0.017% loss. I wanted trading the account decently to attract copy trading in the future. Shit just happened. Absolutely not even a $1 is left. Exness wiped out the entire account. Severely...

relax.. stay away for moment and try to find out the solutions..
i've been in hard situation too, took buy it goes down, took sell it goes up.. zzzz
chill.. clear your mind..
patience is the key.. waiting and waiting for the right moment to entry and knowing the exit.. cheers
  • #802,950
  • Jan 16, 2024 3:40am Jan 16, 2024 3:40am
Quoting voeltoez
{quote} i bet he wont leave trading..forex just like drugs.. just hope he can find a job and if he still wanna trade..trading just for fun and hobby.
there's no job here honestly speaking. A guy was depressed and committed suicide. Not even married myself. I don't want to trade anymore. If prop firms were interested in free challenge account (not competition). That would have given me a chance.
https://trader.ftmo.com/metrix/1040315039
  • #802,951
  • Jan 16, 2024 3:42am Jan 16, 2024 3:42am
Quoting voeltoez
{quote} i bet he wont leave trading..forex just like drugs.. just hope he can find a job and if he still wanna trade..trading just for fun and hobby.
My son was a fresher few years ago.

Master degree holder.

Got a job in Canada... and that is enough as a fresher.

He was living alone and had a habit of playing in casino.

Lost some money, then wanted to get back what is lost.... and started going to casino and lost whatever he saved in some months.

We were not aware...

But one day, we came to know his bank statement.. saw nothing in account.

On enquiry, we came to know that he lost all his money in casino.

We ( myself and my wife ) decided to live with him... to make him good again.

He started concentrating in his job.... and in few months... he changed his job to heart of Toronto... and changed his job for betterment.... to USA, IN Texas.

He is now a senior Project Manager... with 200k yearly. Married now, with kids.

So, everything is possible.

Proper advice is needed.
Intraday only.
  • #802,952
  • Jan 16, 2024 3:43am Jan 16, 2024 3:43am
Quoting woody70
{quote} No one ever leaves they always come back.

That sound like Hotel California.............

Last thing I remember, I was
Running for the door
I had to find the passage back
To the place I was before
'Relax, ' said the night man,
'We are programmed to receive.
You can check-out any time you like,
But you can never leave!'
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #802,953
  • Jan 16, 2024 3:44am Jan 16, 2024 3:44am
Quoting nubcake
{quote} You should borrow some more money, and get a credit card. Do it again. Surely it'll work next time. 17th year is the winner. Cool emotional bait and roleplay. Totally believable.
Maybe loan shark gives better rates.

BTW, thanks for your tips last week.(xyz)
It worked very well.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #802,954
  • Jan 16, 2024 3:44am Jan 16, 2024 3:44am
Quoting Advice777
{quote} there's no job here honestly speaking. A guy was depressed and committed suicide. Not even married myself. I don't want to trade anymore. If prop firms were interested in free challenge account (not competition). That would have given me a chance.
you say you don't want to trade anymore, and obviously regret not being married/having children; please do explain, how is whining on this forum going to fix either of those problems? get off the computer
  • #802,955
  • Jan 16, 2024 3:44am Jan 16, 2024 3:44am
Multiple SL.

done for the day.

capital protected.
#Stay blue. /swinger/scalper/
  • #802,956
  • Jan 16, 2024 3:45am Jan 16, 2024 3:45am
Quoting voeltoez
{quote} as expected.. now daily target is 2630 at lower bands..
i dont expect bear so strong..thought will get it at bailey..
  • #802,957
  • Jan 16, 2024 3:45am Jan 16, 2024 3:45am
Quoting nubcake
{quote} You should borrow some more money, and get a credit card. Do it again. Surely it'll work next time. 17th year is the winner. Cool emotional bait and roleplay. Totally believable.
these are the sort of posts that kills faster than the bullet. The only card I have used is a debit card. You mistake everyone else to be living in Europe, America and Australia. Where I come from, government don't care about my existence
https://trader.ftmo.com/metrix/1040315039
  • #802,958
  • Jan 16, 2024 3:46am Jan 16, 2024 3:46am
Quoting Pat Chiko
{quote} That sound like Hotel California............. Last thing I remember, I was Running for the door I had to find the passage back To the place I was before 'Relax, ' said the night man, 'We are programmed to receive. You can check-out any time you like, But you can never leave!'
Exactly
  • #802,959
  • Jan 16, 2024 3:48am Jan 16, 2024 3:48am
Quoting Advice777
{quote} I can't find a job. $11,000 + wasted on trading. Owing additional $6000 in debt. No way I can be out of this. Now $800+ surviving funds gone. I think the road is over for me because in early 2000, I tried to obtain college degree but serious challenges opposed that. This current lost of $800+ is what is killing me now. It is my last hope. Now I know trading forex is not for me


first, you are not yet qualified to trade big money cus you dont have enough trading skills and a proper risk plan


get back to the drawing board or find a qualified mentor to guide you.
MY OPINION NOT FINANCIAL ADVISE
  • #802,960
  • Jan 16, 2024 3:49am Jan 16, 2024 3:49am
Quoting Advice777
{quote} there's no job here honestly speaking. A guy was depressed and committed suicide. Not even married myself. I don't want to trade anymore. If prop firms were interested in free challenge account (not competition). That would have given me a chance.
You haven't lost as much as anybody. Stay away for some time and earn some money. Nobody can stop you from returning to trading but then you would have learned your lesson. Another layer of security is to get someone who can be your accountability officer. Let that person monitor your deposits, profit and loss and put a cap on what you can spend per month trading from your salary. Don't cry here. Believe me, even at the point of death, nobody here will give you money.

The King James Bible says something like this, "quit yourselve(s) like men". Mate, be a man. Chin up. Cry, weep, roll on the floor, but when you are done, get up, chin up and face the challenges head on. How much did you lose? I lost $30k of money that wasn't all mine when I started. It was hell on earth, with threats coming from all angles.

Here I am today.

Don't let your spirit be broken. You can rise like the phoenix out of the ashes.
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