Cable Update (GBPUSD)

Yes, I am aware. The trade explorer software is so outdated, it can't handle much. So, only 1 live and 1 demo account can stay updated in real time. The rest of them get disconnected. That's why I have to delete and reset them every time I want to update them. But it's very glitchy and hard to get it to work, especially if there are so many accounts on there. So, it takes some time to get the update done. I'll probably just update them once or twice per week now. Next update should come after trading ends for this week.

GBP/USD Gameplan 4me ........ N.B, this is very RISKY with RED NEWS in morning so be careful. Even if it goes up tomorrow i am still looking to short to green zone.

CHART SPEAKS

Follow at your own RISK if i get my ass handed to me its my ass not yours

EUR/USD ....... Similar to GU but RISKYASFUCK with RED NEWS. CHART SPEAKS

possible goes up first to bounce at 2725 H4 upperbands then go deepdown..
bear fail when h4 close above it

bullish close is NY.

R1 may test. yes. 2725 first

loss trade yesterday Maybe GBP retail sales news today will decide London session

Cool story.

Very good explanation. Thanks!
I am aware of the effect that more money profit/loss messes with your head when trading. I went through that myself. That's why I set up this "level up" system with the goal of achieving +100% on each level before advancing to the next level. So, this way, I stay focused on the percentage gains of 0-100% on every level, regardless of $$ amount. It becomes a habitual way of thinking.
You won't see me posting more than +100% gains. Once each level's goal of +100% is achieved, I will simply reset the account with a new starting $$ amount, as the next level of trading.

Level 1. Demo $100k - $200k
(I have currently achieved 7 out of 8, still one running)

Deposit $100
Level 2. Live $100 - $200
(I have currently 7 accounts on this level)

Deposit $200
(or trade Level 2.5. $200 - $400)
Level 3. $400 - $800

Deposit $700
(or trade Level 3.5. $800 - $1,600, then withdraw $100)
Level 4. $1,500 - $3,000

Withdraw $500
Level 5. $2,500 - $5,000

Withdraw $1,000
Level 6. $4,000 - $8,000

Withdraw $2,000
Level 7. $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

And so on, and so on...

Level 17 will achieve $1.2 Million

Level 32 will achieve $1.2 Billion

All you gotta do is stay focused on the goal of +100%.
It's that simple.
Now, you're beginning to see my system take shape, as I have been reporting everything that's happening.
So, it took less than a month for most of my demo accounts to reach +100% and finish level 1.
If I can manage to stay detached from the $$ amounts, and keep trading the way I have been, then I should be able to keep up the pace.
Yes, I am very interested in seeing where I will be in a year.
I have had a somewhat similar winning system (scalping) before this, but not as good as now, and a bit more risky. I gained +140% in a little over 2 months, then thought I could handle max risk/leverage trading and gain faster. That was 2 years ago. But I was wrong. I ended up flopping and lost everything multiple times. Since then, I have tried everything out there, as far as low risk/low leverage, high risk/high leverage, short timeframe, long timeframe, and everything else in-between.
I could not find anything consistently better than that winning system I had for 2 months except for 1 thing. That was mixing hedge trading with my scalping. So, that's how I am operating now. Hedging/scalping short term.
I am ok with leaving some positions underwater and wait for a retrace if I can continue scalping with the rest of my accounts. Like now, I have 2 positions underwater, a long and short on opposite sides of the current range. And I am scalping everything else in between, waiting for the next breakout. And I am massively in net profit after deducting the loss of drawdown.
Also, for piece of mind, I am expecting to close all trades (profitable or not) before the trading week's close on Friday.
I did that early last Friday after making some initial profit for the day. Boy, it was a relief and I could sleep in peace, and enjoy my weekend.
So, work hard, make money, withdraw your paycheck, then enjoy life. It sounds good to me.
Yes, scalping is hard work and gets my nerves shot. But it's also a way of strengthening my mental abilities. I like the challenge. So, I am not giving up.
This time, I am done with trying to find a different system that could be more profitable. The system I am using now is far more profitable than I ever expected when I started it almost 8 weeks ago. So, I am happy and content. I would like to continue this way. Focusing on the +100% goal. After achieving it, reset, and level up. Then do it again. And again. And again. On every level. That's it. It becomes a habit. The $$ amounts become irrelevant.
It's really a mind game. That's why I'm doing it this way. It works for me. It might work for some others, too. Maybe some people can benefit from seeing me succeed with this system. I expect to keep posting everything.
I considered starting my own thread, but the problem is, moderating a thread is extra responsibility, which I don't need. Plus I like the publicity and response here on this thread, and the fact that the moderator is absent. So, it's free speech in action. I like that.
Ok, enough ranting.
I will update my Trade Explorer after trading ends for the week. See ya.

Can you explain little more clear pls.

I do more or less same, but I do not know if i do similar or something different.

1) I trade in 5k demo account.

2) Copy to 500 $ real money account

3 ) And I copy to one funded 100k account at a time.

500 $ real money account is for growth, for 6 month, No withdrawal.

3 to 4% in real money account for a cumulative growth.

4 ) 100K funded accounts profits are withdrawable evry 14 days, 2 % target.

This biweekly profit, i am planning to deposit in real money account for growth

short 2714 sl tp open

Yes, our systems are very different. I am not doing anything with prop firm funded accounts.
The demo accounts I used were just to set a precedent of success for me to build up confidence to continue trading the same way with live accounts. Once +100% ROI is achieved with the demo account, then I am done with the demo, and only trade live after that.
I use Oanda.com. They allow you to use up to 20 accounts simultaneously. 20 live and 20 demo. You can transfer funds between them instantly. So, I use the multiple accounts so I can hedge. Because hedging is not allowed in the USA on the same account. But I will not transfer funds between accounts like I used to to save a drawdown from margin call. I need to learn how to succeed without emergency funds.
And with each account, I go all in with max 50:1 leverage plus add extra available free margin when the trade is in profit. I don't use stop loss. Because I will either average up/down or hedge, or both, depending on the situation.
With Oanda, I can get net equity drawdown (under-margined) up to 50% of the margin used. Then it would get margin called and closed, leaving that account at 50% loss, not a total loss.
While any account is trapped and being under-margined, I can continue scalping with other accounts to make up for the drawdown loss.
This way, by using multiple accounts, my remaining funds are not trapped by the loss of the underwater margin. It's like cheating.

When the key to success requires monkey accounting and self-deception dressed-up as "psychology", I tend to not trust the monkey, the accountant, nor the psychologist. But I'm just a crazy person so whatever.

im gona take a nap cause want to be here for brit retail sales

i think theyll miss so want to add shorts

I have 3 live EUR/USD shorts loaded up.

I was trying to understand where to place targets.
ended in 1.2870 and 1.2930
Not sure about the higher one because if goes there, means it will more likely going to the 1.3030.

Hopefully in case of confirmed move up I will have the time to move target higher.

Im going for a busy day out, so no desk, no screen, no charts, no chat no nothing.
will leave the trade running.
SL are @be +3

completely unable to short atm this scenario at this moment. Maybe will that later next week.

last.
this is the eur gbp
ever heard about? (lol)

it’s an important correlation instrument, giving important clues of what is more likely happening around.
This below is a daily chart.



when eur gbp is going down, means that whatever the reason, the gbp is stronger than the iuro.
so what practically happens is that Gbp can go up against dollar, while iuro goes down against dollar.

at the very first sight, looking at the daily chart, doesn’t really seems to me an uptrend.
and nearest neckline is approx 100pips lower

gbp ranging, eiro going down also can weaken eurgbp

Add short position at 1.27130
You shell not pass 1.27400 if you get there at all

Hello bro, i dont think wave 5 to be this short,based on the length of wave 0-3.
At 17.4k will be ~ 62% of wave 0-3. This zone become high probability to the main trend reversal as very often wave 5 does not completed with 5 fractals (but at least 3 fractals is needed) and take the form of wyckoff pattern (wyckoff > EW).
If PA closes below $16900 BOS and FL, will start looking for short setup while keeping the tone of fed closely.
We will also have couple EPS of Nas100 top20 next week and the week after. May be it will be the main driver to this 2 weeks.

Currently, partial TP but still holding some longs with SL +VE

Need to work on my TP level. My initial entry was same as yours but took TP too soon