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Cable Update (GBPUSD)

  • #806,081
  • Jan 30, 2024 3:58pm Jan 30, 2024 3:58pm
Quoting montygoldy
{quote} thats why i prefer prop firms can go big with 500$
How do you control daily or maximum loss allowance? With big lots you trade this can easily get out of control and lose the challenges. Better not ofc!
  • #806,082
  • Jan 30, 2024 4:08pm Jan 30, 2024 4:08pm
Quoting Jolita
{quote} How do you control daily or maximum loss allowance? With big lots you trade this can easily get out of control and lose the challenges. Better not ofc!
i have a risk plan which is like this and i mean it i used last quarter to come up to this plan as i lost 20+ challenges this is what works for me coz i have a appetite for risk…..i only take 200k challenges and start with 5lotz.. 1% up i risk 1% per trade till 3% and then 2% per trade.. if i lose and get to breakeven or below .5% per trade….i go big with profits just for challenge phase … for funded 5lots thats the red line
Extreme gut feeling trader
  • #806,083
  • Jan 30, 2024 4:15pm Jan 30, 2024 4:15pm
Quoting fxmasterdxb
GU has been very tricky recently trapping both buyers and sellers, best thing to do in such market is to scalp here and there although personally i prefer trading on 1 he & 4hr tf’s and go for 100+ pips for each trade. Im currently long targeting 1.2710, might close earlier @ 1.27 depending on market reaction {image}
hoping see this target in asia …same tp
Extreme gut feeling trader
  • #806,084
  • Jan 30, 2024 4:15pm Jan 30, 2024 4:15pm
Quoting ScalaFX
{quote} show me better Guru master! Come on
Nah I'm not cool like you lot. You just keep doing all the wrong shit.
Congratulations ScalaFX for coming out of the closet!
  • #806,085
  • Jan 30, 2024 4:19pm Jan 30, 2024 4:19pm
Dxy can do something like this
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1655.jpeg Size: 992 KB
Extreme gut feeling trader
  • #806,086
  • Jan 30, 2024 5:04pm Jan 30, 2024 5:04pm
Quoting nubcake
{quote} Nah I'm not cool like you lot. You just keep doing all the wrong shit.
till now you can see Im good you idiot, still waiting for your setups that I can laugh even laud from you moron
People don't plan to lose. They lose because they don't plan.
  • #806,087
  • Jan 30, 2024 5:06pm Jan 30, 2024 5:06pm
Quoting montygoldy
{quote} i have a risk plan which is like this and i mean it i used last quarter to come up to this plan as i lost 20+ challenges this is what works for me coz i have a appetite for risk…..i only take 200k challenges and start with 5lotz.. 1% up i risk 1% per trade till 3% and then 2% per trade.. if i lose and get to breakeven or below .5% per trade….i go big with profits just for challenge phase … for funded 5lots thats the red line
Good plan and can work. Easier when loss is calculated on funded value, Could get tricky if just on equity.
Tight SL is needed, also good to stick to winning trades something like 1:3 or 1:5.
All the best.
  • #806,088
  • Jan 30, 2024 5:14pm Jan 30, 2024 5:14pm
small short at 2696


gona short again in 17 min if this 30 min candle closes red

and will short more if hourly closes red

tp is 2640 cause that has to be retested sl is open for now
short trump and go long the deepstate
  • #806,089
  • Jan 30, 2024 5:15pm Jan 30, 2024 5:15pm
Quoting Jolita
{quote} Good plan and can work. Easier when loss is calculated on funded value, Could get tricky if just on equity. Tight SL is needed, also good to stick to winning trades something like 1:3 or 1:5. All the best.
i do only 1 to 1 and my min. 20pips stop loss breathing room for my trade but usually cut my losers way before even though they go in my direction later on…
Extreme gut feeling trader
  • #806,090
  • Jan 30, 2024 5:22pm Jan 30, 2024 5:22pm
Quoting montygoldy
Dxy can do something like this {image}
Dxy is at daily ascending trendline lows
Weekly already tested resistance
Looks bullish to me, mininum highs 10362

Tomorrow's calendar looks interesting.
Maybe rates unchanged .
  • #806,091
  • Jan 30, 2024 5:29pm Jan 30, 2024 5:29pm
Quoting montygoldy
{quote} i have a risk plan which is like this and i mean it i used last quarter to come up to this plan as i lost 20+ challenges this is what works for me coz i have a appetite for risk…..i only take 200k challenges and start with 5lotz.. 1% up i risk 1% per trade till 3% and then 2% per trade.. if i lose and get to breakeven or below .5% per trade….i go big with profits just for challenge phase … for funded 5lots thats the red line
you dont have to answer if you dont want

i started following you just to see how your journey with props unfolds since im curious and may try them myself....i know i know i talk shit about prop trading LOL..but i want to try it once so i can say i was part of that tide

i dont remember you mentioning losing 20+ challenges before...if you did i overlooked that post....my question is are you at breakeven, loss or in profit if you add up all the money spent and made


oh and most importantly...ill ask you since your honest about your journey and nobody else in here would admit they got screwed and denied a pay out by a prop firm since they all make money everyday ...has that happened to you cause thats my main peeve...i dont want to waste time getting funded and then get fooked over for some lame reason
short trump and go long the deepstate
  • #806,092
  • Jan 30, 2024 5:31pm Jan 30, 2024 5:31pm
Quoting Zebi
small short at 2696 gona short again in 17 min if this 30 min candle closes red and will short more if hourly closes red tp is 2640 cause that has to be retested sl is open for now

short another small on at 2695 since 30min closed red

now ill wait for 60 min to close red
short trump and go long the deepstate
  • #806,093
  • Jan 30, 2024 5:40pm Jan 30, 2024 5:40pm
127 resisting quite well. APAC session recently hadn’t been very volatile with quite tight ranges. I have a TP of 12720 would be great but can’t see it just yet. FOMC tomorrow might make it a slow day until the event
Insane in the Brain..
  • #806,094
  • Jan 30, 2024 5:48pm Jan 30, 2024 5:48pm
Quoting Zebi
{quote} you dont have to answer if you dont want i started following you just to see how your journey with props unfolds since im curious and may try them myself....i know i know i talk shit about prop trading LOL..but i want to try it once so i can say i was part of that tide i dont remember you mentioning losing 20+ challenges before...if you did i overlooked that post....my question is are you at breakeven, loss or in profit if you add up all the money spent and made oh and most importantly...ill ask you since your honest about your journey...
I mentioned it before multiple times of losing so many challenges/funded account(without a payout)..Coz its a different game ....
Currently what i made from props is all invested in back as my living doesn't depends on it...... I post my updates on the prop firm thread....
Right now i am breakeven....
Currently 6k lined up for for 9th feb that'll fund 1.2million worth of challenges....
My goals are different and plans are big..... I look for long term profitable system rather then few winning days....
Everything is riskfree now i have funded accounts to fund future challenges......
total spend from my pocket was first 5 x 100k challenges which cost me 2k (cheap coz i buy cheaper challenges with huge discounts).
After that its all reinvest
Extreme gut feeling trader
  • #806,095
  • Jan 30, 2024 5:52pm Jan 30, 2024 5:52pm
Quoting BeeTogether
127 resisting quite well. APAC session recently hadn’t been very volatile with quite tight ranges. I have a TP of 12720 would be great but can’t see it just yet. FOMC tomorrow might make it a slow day until the event
i still believe n gut feeling says we go above 1.27100 or more today before any downside....hoping to see those numbers in asia....
Extreme gut feeling trader
  • #806,096
  • Jan 30, 2024 5:55pm Jan 30, 2024 5:55pm
Quoting montygoldy
{quote} i do only 1 to 1 and my min. 20pips stop loss breathing room for my trade but usually cut my losers way before even though they go in my direction later on…
As long as your winners are bigger

Do you know that trades with 1:3 risk reward ratio only need 26% to be profitable, at 25% makes break even.
Calcs for this are:
1 ÷(1+3). = 1÷4=0.25 X 100= 25%
At 1:5 over 17% winning trades makes you profitable.
  • #806,097
  • Jan 30, 2024 6:06pm Jan 30, 2024 6:06pm
Quoting Jolita
{quote} As long as your winners are bigger Do you know that trades with 1:3 risk reward ratio only need 26% to be profitable, at 25% makes break even. Calcs for this are: 1 ÷(1+3). = 1÷4=0.25 X 100= 25% At 1:5 over 17% winning trades makes you profitable.
yea but 1 on 1 works for me as per trading style price action and i tend to learn over time i have 85% winning ratio if i go with 1:1…… but yeah whichever makes you money stick with it
Extreme gut feeling trader
  • #806,098
  • Jan 30, 2024 6:22pm Jan 30, 2024 6:22pm
Quoting 7154Superman
{quote} Very good day with shorts. I scalped a good handful of both longs and shorts. Currently, I have 4 longs and 1 short positions. Live accounts start with $100 and Demo $100k. Current Net Equity results from best to worst: #5 Live $143.30 (+43.30%) (9 trading days) #1 Live $141.50 (+41.50%) (19 trading days) #4 Live $126.30 (+26.30%) (9 trading days) #3 Live $117.81 (+17.81%) (11 trading days) #7 Live $105.48 (+5.48%) (8 trading days) #2 Live $87.99 (-12.01%) (13 trading days) #6 Live $71.97 (-28.03%) (8 trading days) Combined results for live...
Today was an interesting day for scalping both longs and shorts. I managed to do well as a whole and increased my total net equity to an all time high since I started this system on November 26, 2023, just over 2 months ago now.
I also made it almost to +100% on my #10 Demo account. I already have $100 deposited in my #8 Live account to replace #10 Demo as soon as the goal is reached. I like this sort of discipline of waiting to invest until you prove your system to be successful. It's rewarding and encouraging to be able to upgrade after achieving progress. That makes a big difference to me psychologically so I can continue pressing on, knowing that greater rewards come when I do well.
At this point, I have 5 short and 2 long positions on EUR/USD.
I'm always mindful that price could go backwards on me, so I'm prepared to hedge accordingly when price action seems questionable or if unpredictable volatility is on the horizon. We do have FOMC tomorrow, so beware!
Long term macroeconomics point to a stronger USD versus EUR, but short term, we could possibly see spikes up to above 1.09 for tomorrow's FOMC and for the rest of the week. But after the news effect dies down, EUR/USD could start weighing heavier again, and continue the slide to 1.06 or below.
This is only my personal view. I could be terribly wrong, so don't follow my predictions blindly. I am not responsible if you lose money as a result.

Live accounts start with $100 and Demo $100k.
Current Net Equity results from best to worst:

#5 Live $143.30 (+43.30%) (10 trading days)
#1 Live $141.50 (+41.50%) (20 trading days)
#4 Live $126.30 (+26.30%) (10 trading days)
#3 Live $123.52 (+23.52%) (12 trading days)
#7 Live $120.69 (+20.69%) (9 trading days)
#2 Live $101.09 (+1.09%) (14 trading days)
#6 Live $91.34 (-8.66%) (9 trading days)

Combined results for live accounts:
Deposit = $700.00
Net Equity = $847.74
Profit +$147.74 (+21.11%) (9-20 trading days)

#10 Demo $196,886 (+96.89%) (5 trading days)
#11 Demo $140,999 (+41.00%) (5 trading days)
#8 Demo $128,364 (+28.36%) (18 trading days)
#9 Demo $126,987 (+26.99%) (5 trading days)

Combined results for demo accounts:
Deposit = $400,000
Net Equity = $593,236
Profit = $193,236 (+48.31%) (5-18 trading days)

Overall equivalent results of Live and Demo combined (Live = $200k + %)
Deposit = $1,100,000
Net Equity = $2,288,716
Profit = $1,188,716 (+108.07%) (5-45 trading days)

So far, so good. Still increasing, despite Nubcake's predictions of doom against me.
I wish you all the best.
You cannot fail if you never give up.
  • #806,099
  • Jan 30, 2024 6:32pm Jan 30, 2024 6:32pm
Quoting eyefeelsix
{quote} so.. target profit on the potential sell zone {image}

Yesterday I failed to achieve my target in the Asian session, kicked by trailing-stop


Today, there are no signs of weakness on $ yet, the trend is still bearish, took short atm + sell limit on top --- Different days, different games let's see..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 46 KB
https://breakpullback.com
  • #806,100
  • Jan 30, 2024 6:32pm Jan 30, 2024 6:32pm
Quoting ScalaFX
{quote} till now you can see Im good you idiot, still waiting for your setups that I can laugh even laud from you moron
You should try holding your breath until I give you a setup. Start now.
Congratulations ScalaFX for coming out of the closet!
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