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Cable Update (GBPUSD)

  • #804,241
  • Jan 22, 2024 9:42am Jan 22, 2024 9:42am
Quoting MrFanciful
{quote} I've never taken a trade based on what someone else thinks. Maybe that's where I've gone wrong. Just got ignored by Nubcake so I must be bad.

But you just said you sold GU because people/someone were/was saying the dollar is the way to go


Anyway GTG......
Don't Leave Money on the Table
  • #804,242
  • Jan 22, 2024 9:45am Jan 22, 2024 9:45am
Quoting MrFanciful
{quote} I've never taken a trade based on what someone else thinks. Maybe that's where I've gone wrong. Just got ignored by Nubcake so I must be bad.

Saying 'If you hang around 9 negative people you'll be the 10th' but it doesn't have to be 9 just one negative person will spoil your whole day, week, month, year, life etc etc.....

Stay away from people spreading FUD on this and any other forum, immediately ignore them and your day will be so much better
Don't Leave Money on the Table
  • #804,243
  • Jan 22, 2024 9:45am Jan 22, 2024 9:45am
Quoting HaLBot
{quote} But you just said you sold GU because people/someone were/was saying the dollar is the way to go Anyway GTG......
That was Zebi last week. I'm not selling because of that, On the 12 hour, it looks like it's starting to make a downtrend after being in a sideways range for 2 months. I'm seeing it fall to about 2560. The other thing I said was just me voicing a frustration again.
  • #804,244
  • Jan 22, 2024 9:48am Jan 22, 2024 9:48am
Quoting navk
{quote} 700 $ invested in each of 7 live accounts is good enough. I will not suggest you to goto prop account.
$100 in each of 7 accounts = $700 total.
Current total Net Equity = $773.13
Profit = $73.13 (+10.45% ROI) done in 3-14 trading days
You cannot fail if you never give up.
  • #804,245
  • Jan 22, 2024 10:04am Jan 22, 2024 10:04am
Quoting montygoldy
{quote} i am with you… time to fly………….: {image}
positive sl hit
Extreme gut feeling trader
  • #804,246
  • Jan 22, 2024 10:20am Jan 22, 2024 10:20am
1st trade of the week

enter long 1.2713


RR 1:3
MY OPINION NOT FINANCIAL ADVISE
  • #804,247
  • Jan 22, 2024 10:21am Jan 22, 2024 10:21am
Quoting MrFanciful
{quote} My view on prop firms is that they play of peoples desire to get rich quick by skipping the build-your-account phase. If you have a good strategy, you should get your account to the level you get from the Prop firm. I just can't get the good strategy part, so a prop firm would be of no help at all.
lol, your issue doesn't lie in strategy – you're over-risking on every trade, you mentioned last week that you've blown eight accounts already this year. regardless of the strategy you're using, this should not happen. if you can be completely wiped out by 3, 4, 5, or even 10 consecutive losses, then it's a money management problem, not a strategy problem. until you can address this, there's no point in considering a prop firm (or even continuing to trade your own funds)
i have been active here for less than 2 months, and i have seen people tell you this at least 3 times so far - perhaps you shouldn't ignore it for once, and see where it gets you
  • #804,248
  • Jan 22, 2024 10:27am Jan 22, 2024 10:27am
Grrrrrr bulls stronger today. Seems to be an overshoot from Friday evening
Insane in the Brain..
  • #804,249
  • Jan 22, 2024 10:31am Jan 22, 2024 10:31am
Quoting billGU
{quote} lol, your issue doesn't lie in strategy – you're over-risking on every trade, you mentioned last week that you've blown eight accounts already this year. regardless of the strategy you're using, this should not happen. if you can be completely wiped out by 3, 4, 5, or even 10 consecutive losses, then it's a money management problem, not a strategy problem. until you can address this, there's no point in considering a prop firm (or even continuing to trade your own funds) i have been active here for less than 2 months, and i have seen people...
I've read this forum for a long time and I'm telling you he won't listen. He will go away for a couple of days and come back with the same sob story. My luck is bad it's the broker's fault etc, etc... Until he looks in the mirror and realizes he's looking at the problem then and only then can he move forward.
  • #804,250
  • Jan 22, 2024 10:41am Jan 22, 2024 10:41am
Quoting MrFanciful
{quote} My view on prop firms is that they play of peoples desire to get rich quick by skipping the build-your-account phase. If you have a good strategy, you should get your account to the level you get from the Prop firm. I just can't get the good strategy part, so a prop firm would be of no help at all.

it took me 3-5 months to pass prop firm..

i have a low risk strategy but consistence..

how long it took you to pass

watch this video
Inserted Video
MY OPINION NOT FINANCIAL ADVISE
  • #804,251
  • Jan 22, 2024 10:41am Jan 22, 2024 10:41am
Quoting BeeTogether
Grrrrrr bulls stronger today. Seems to be an overshoot from Friday evening
Right, like I expected it could happen. I did manage to scalp 1 short and 1 long on EUR/USD, but generally at this point, I feel better entering shorts and holding them, since it's hard to predict when the real drop starts and keeps going down.
I have 1 demo and 2 live short positions on EUR/USD. Will add more if it spikes higher. TP 1.08
You cannot fail if you never give up.
  • #804,252
  • Jan 22, 2024 10:43am Jan 22, 2024 10:43am
people with day job get payout monthly

traders want to cashout 100% of deposit in a month.

if you believe trading is base on supply and demand, why the you think you can just do what you like, when you enter buy other trader enter sell.

you just need to be on the Big money side..
MY OPINION NOT FINANCIAL ADVISE
  • #804,253
  • Jan 22, 2024 10:51am Jan 22, 2024 10:51am
Quoting 7154Superman
{quote} Right, like I expected it could happen. I did manage to scalp 1 short and 1 long on EUR/USD, but generally at this point, I feel better entering shorts and holding them, since it's hard to predict when the real drop starts and keeps going down. I have 1 demo and 2 live short positions on EUR/USD. Will add more if it spikes higher. TP 1.08
think I shorted too early..in the past when the overshoot area is exhausted it drops however there has been very little movement today. Will hold on to shorts still believe 12670 area will be tested if not overnight then possibly tomorrow
Insane in the Brain..
  • #804,254
  • Jan 22, 2024 10:56am Jan 22, 2024 10:56am
before going for prop firm

make sure you are already a successful trader and you have a plan to pass the evaluation

prop drive from a talent hunt not a casino house

they are looking for traders who can manage funds but the only way you can introduce yourself is by passing the evaluation test.

why in the world you want to trade prop firm when you are still a novice
MY OPINION NOT FINANCIAL ADVISE
  • #804,255
  • Jan 22, 2024 10:58am Jan 22, 2024 10:58am
Quoting donfriday
1st trade of the week enter long 1.2713 RR 1:3

SL on be

closed for today..
MY OPINION NOT FINANCIAL ADVISE
  • #804,256
  • Jan 22, 2024 11:06am Jan 22, 2024 11:06am
Quoting donfriday
{quote} SL on be closed for today..
Yes, today seems to be bull trap day. Tomorrow or Wednesday, we drop hard.
You cannot fail if you never give up.
  • #804,257
  • Jan 22, 2024 11:16am Jan 22, 2024 11:16am
Trying long at us30 feels like retracement is done time to fly
Extreme gut feeling trader
  • #804,258
  • Jan 22, 2024 11:17am Jan 22, 2024 11:17am
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yes yes yes
  • #804,259
  • Jan 22, 2024 11:32am Jan 22, 2024 11:32am
Quoting Moty
For 10 pips Parameters for stochastic 30,3,3 {image}
Yes yes yes
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yes yes yes
  • #804,260
  • Jan 22, 2024 11:33am Jan 22, 2024 11:33am
Quoting donfriday
before going for prop firm make sure you are already a successful trader and you have a plan to pass the evaluation prop drive from a talent hunt not a casino house they are looking for traders who can manage funds but the only way you can introduce yourself is by passing the evaluation test. why in the world you want to trade prop firm when you are still a novice
that's what the 97% of people don’t really understand
90% of traders use TA, indicators and prediction
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