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Cable Update (GBPUSD)

  • #807,201
  • Feb 2, 2024 2:11pm Feb 2, 2024 2:11pm
Quoting Godspromise
{quote} zebi how do you feel about gold and ground for the coming week? Think it's gonna be a bulls run for gbpusd? And a bear run for gold?
dont know yet..i wont look at hier time charts until tmoro
short trump and go long the deepstate
  • #807,202
  • Feb 2, 2024 2:11pm Feb 2, 2024 2:11pm
Quoting Ferna
{quote} Well some guys want to stare at charts all day, others work with probabilities. It saddens me seeing old men rot in front of a computer never being able to hit the gym or grab a big meaty cheeseburger. I see a few of you guys with Spaghetti arms at the gym in the weekend though, but it’s not a pretty sight. Try it. Make a plan, don’t look back and go hit the gym. Come back 2-3 hour later and see if you were right. 5 min, 15 min, 30 min. 1 hour 2 hour can work in your favour there too - for example: warm-up 5 min, 15 min cardio, 1 hour base...
yes but you are assuming people in here have trade plans.
yes some have.

some.
90% of traders use TA, indicators and prediction
  • #807,203
  • Feb 2, 2024 2:30pm Feb 2, 2024 2:30pm
Quoting elude
https://www.youtube.com/watch?v=tyKu0uZS86Q {quote} Will keep that open til next week Happy weekend!
Pretty classy
You have an IQ lower than 90 if you interact with this user.
  • #807,204
  • Feb 2, 2024 2:47pm Feb 2, 2024 2:47pm
Lots of pips this week mainly due to huge red data events and the crazy thing is we have ranged 180 odd pips the whole week! Question is will next week be calmer week..

my target is 3k not looking for anything explosive
Insane in the Brain..
  • #807,205
  • Feb 2, 2024 2:58pm Feb 2, 2024 2:58pm
Quoting Waveskierrob
This week is known as BIG bear week...........................nah sorry just made that up but I can hope ... {image}
Well little bear but still bear, just a lucky guess
  • #807,206
  • Feb 2, 2024 3:04pm Feb 2, 2024 3:04pm
id short ES at this level but since powell will be on tv sunday nite ill wait...anyone know when that 60 minutes segment was taped?

ill start shorting micro ES and NQ next week...i love futures brokers instead of the shitbag forex ones
short trump and go long the deepstate
  • #807,207
  • Feb 2, 2024 3:10pm Feb 2, 2024 3:10pm
Quoting Zebi
id short ES at this level but since powell will be on tv sunday nite ill wait...anyone know when that 60 minutes segment was taped? ill start shorting micro ES and NQ next week...i love futures brokers instead of the shitbag forex ones
CBS announced his appearance on the social media platform X on Thursday, the same day that the interview was conducted. Powell last appeared on the program in April 2021.

if they dont add a postscript to the end of that interview about his views on NFP today since he already knew what the numbers were gona be on wednesday LOL ill fade and do opposite what price does sunday nite

but i bet hes not gona be dovish LOL
short trump and go long the deepstate
  • #807,208
  • Feb 2, 2024 3:25pm Feb 2, 2024 3:25pm
Quoting Zebi
{quote} {quote} average 2623
i closed my scalp longs at 2638

will look to short hier up on monday
short trump and go long the deepstate
  • #807,209
  • Feb 2, 2024 4:13pm Feb 2, 2024 4:13pm
Quoting Ferna
{quote} Pretty classy
Classy

I'm sure you're not referring my trade but the song
I bet and I like it
She's an Icelandic singer/songwriter named Laufey Lín Jónsdóttir popularly known as Laufey
Born 1999, Reykjavík, Iceland, living in LA
She just passed her teenager's age when she wrote that song
Her musical style is a mix of jazz pop and lulaby pop, modern jazz
  • #807,210
  • Feb 2, 2024 7:24pm Feb 2, 2024 7:24pm
https://www.forexfactory.com/news/12...-yet-necessary

whooop..there it is LOL

powell got all his troops goin around pouring water on all the dollar haters

there will be some crazy ass quotes by fed people this weekend on the news shows LOL
short trump and go long the deepstate
  • #807,211
  • Edited 10:10pm Feb 2, 2024 9:39pm | Edited 10:10pm
Quoting billGU
{quote} yes, i'm a clown for thinking this guy is unable to sustain the 100% per month growth on 6 accounts for an extended period of time
What 6 accounts? I have 11 accounts and have already made an average total of +138% growth in 24 trading days (just over a month) per account.
And it's not about to slow down because my system is proving to work better than I expected. So, I will continue trading with the same level of risk as I have been, therefore the growth will likely be the same, if not better. It's not gonna matter if it's demo or live, large or small, because my system doesn't change when the accounts grow bigger. It's always only 0-100% ROI, then start over on the next level. The more you do the same thing over and over, the better you get at it, the less mistakes you make, the less stress and emotion is involved, then you get even better percentage results as you progress, regardless of account balance. You'll see.
You cannot fail if you never give up.
  • #807,212
  • Feb 2, 2024 9:47pm Feb 2, 2024 9:47pm
Quoting billGU
{quote} trying to double 6 accounts per month is 'doing it the right way' to you?
Show me your results and see if you can do better long term. Let's race for 6 months and see if you can keep up. I dare you.
You cannot fail if you never give up.
  • #807,213
  • Feb 2, 2024 9:57pm Feb 2, 2024 9:57pm
Quoting Zebi
{quote} yeah cause he didnt buy 6 challenges and piss away all that money like people do in here and on FF ....theres not one prop trader that has just one challenge unless hes dirt poor... youre forgetting he only opens up 100 dollar accounts and thats easy to double...if and when he gets to 10k account hw'll hopefully lower size and still make more money per month than these prop guys will get from the firms but keep tilting at windmills worrying about other people instead of worrying about your own dumb ass
Actually, my plan is to withdraw a portion of the profit after every level is achieved from level 4 onward. Level 8 will be starting with $10k. And I have now 11 accounts. By the time I get to level 8 with my top performing account, I might have 20 accounts total, which is the most Oanda allows. That means, I would have to start 9 more demo accounts at some point when it's convenient, and reach +100% ROI with each of them before switching them to level 2 ($100 Live).
That's all going to be a process in the coming months.
Like widening the foundation for the pyramid you're building so you can go higher.
Trading 1 account out of 20 is the same as trading 5% of your main account per position.
I have much more flexibility with hedging and managing under-margined drawdown using separate accounts on Oanda instead of trading portions of 1 large account.
So, I am planning on continuing the same level of risk as I have been, regardless of account size. My max investment per account will be $1,000, to start level 4. Once I finish level 5, that $1,000 will be withdrawn, and the rest is free money. Who cares if I lose it then? I will stick to my system regardless. If it works for demo or for $100 account, it will work for $10,000 account with free money.
At my current percentage rate, getting to level 8 by the end of July this year looks well within reach to start with $10,000 on at least 1 account.
But there again, let's cross that bridge when we get there. One day at a time, one level at a time.
Let's see what happens.
You cannot fail if you never give up.
  • #807,214
  • Feb 2, 2024 10:17pm Feb 2, 2024 10:17pm
Quoting Ferna
{quote} Pretty classy
i am real classy hahah lol
Say something meaningful or Silence!!
  • #807,215
  • Edited 10:46pm Feb 2, 2024 10:35pm | Edited 10:46pm
Quoting Ferna
{quote} Well some guys want to stare at charts all day, others work with probabilities. It saddens me seeing old men rot in front of a computer never being able to hit the gym or grab a big meaty cheeseburger. I see a few of you guys with Spaghetti arms at the gym in the weekend though, but it’s not a pretty sight. Try it. Make a plan, don’t look back and go hit the gym. Come back 2-3 hour later and see if you were right. 5 min, 15 min, 30 min. 1 hour 2 hour can work in your favour there too - for example: warm-up 5 min, 15 min cardio, 1 hour base...
LoL Seeing you write about the process of physical training in the gym brings back memories. I used to be a power lifter for a few years. Attended about a half dozen power lifting competitions. I did end up getting injured when I pulled a muscle in my back from trying out a new lifting exercise and doing it wrong, then went back to the gym too soon before my back healed, and, duh, forgot to put a support belt on my waist to do heavy bucket squats!!
Man, after like 8 reps of fast 215 lb squats, I felt my lower back pop at the bottom of the squat. After a few minutes, I couldn't bend over at all. That pain was so bad I could barely sleep for a few nights. That was over 5 years ago, during the summer of 2018. Now, if I'm not careful lifting heavy weights without a proper warm-up, I can get extremely painful flare-ups in my lower back that lasts for days.
And I'm just 35 years old.
I was training with weights very aggressively, probably over-training. Because now when I try to build my strength back up, my body just hates it, and it's getting more painful now for my muscles and joints and harder to heal, etc.
Just like trading, when you're young and dumb, you'll overdo yourself, not realizing the long-term consequences.
But all that energy built up over the years from the hard manual labor (working on farms and construction), hard physical training and playing ball sports at the same time, it all goes to my head now. My metabolism is still very high so I don't gain much weight despite getting zero physical exercise. My body is covered with rock hard lean muscle that will not shrink, so it demands lots of protein. And since protein is also brain food, heh, now I can drive my vans and trucks all freaking day (I have 2 minivans, 2 pickup trucks and 2 trailers), then sit for hours staring at a screen without burning out. LoL
So, why not make use of the brain energy and trade fast and furious just because you can, and get rich in the process? It wouldn't hurt to try...
You cannot fail if you never give up.
  • #807,216
  • Feb 2, 2024 11:33pm Feb 2, 2024 11:33pm
Quoting 7154Superman
{quote} Another wonderful trading day and week for me. I didn't have much time to scalp or chat yesterday and today. I ended up getting mostly short drawdown yesterday, then today was redemption. I still have lots of taxi work to do for the rest of the day, so now I closed all positions for today and this week. Will start over fresh on Monday. Vacation time!! Trade Explorer update is in process now. Live accounts start with $100 and Demo $100k. Current Net Equity results from best to worst: #1 Live $165.66 (+65.66%) (23 trading days) #7 Live...
My Trade Explorer is now fully updated.
You cannot fail if you never give up.
  • #807,217
  • Feb 3, 2024 1:08am Feb 3, 2024 1:08am
just checking pa for next actions , bounce to back and still in bull territory !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #807,218
  • Feb 3, 2024 2:03am Feb 3, 2024 2:03am
4h framework, nothing really changed .
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  • #807,219
  • Feb 3, 2024 3:29am Feb 3, 2024 3:29am
nothing, really nothing changed on the daily.

still in a downtrend and possibilities of a continuation higher than breakout to the upside.

if there is a breakout to the upside it can be a false one.
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trading is like dancing, don't think and just listen to the music!
  • #807,220
  • Feb 3, 2024 5:15am Feb 3, 2024 5:15am
A week just closed of great swings on the 1hr and below, particularly Thurs and Fri, but still only 81% of 13wk awr week traveled. The wkly, and Fri's dly candle closed bearishly. (The chart below doesn't reflect it because of broker spread widening @ the open of the new day but Friday's dly candle bearishly engulfed the previous 11 of it's t/f.) Friday achieved 184% of 30day adr and challenged near the top of the multi-week 2828-2610 4hr/dly range, (a 2772 hi,) and then even nearer the bottom of it after the post NFP drop to it's 2613/14 lo. Price for all this remains in said range but now the bottom of it looks vulnerable to a downside break. This said there have been other big bearish thrust dly candles in the range that were suggestive of a follow-thru downside break which never materialized. (See dly chart below, with red arrows.)

So dly and 4hr close the week still in a rangy condition, (per 3 candle fractal swing analysis,) but of course more bearish than bullish as of the close. 1hr whilst not a trend yet has a big bearish 'edge of the cliff' drop move and so too is overall bearish as of the week's close. The immediate question for the start of the new week is whether there is going to be a 2nd 'truer' downside break of the said range,? (after the 1st false break to 2596, and the bounce back up inside it.) The wkly and Fri's dly candle closes are certainly suggestive/indicative of this, but so was Thursday's dly candle - in the opposite direction, lol!

Dly, 4Hr, and 1Hr below
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