Cable Update (GBPUSD)

W form under the yesterday's support, now resistance

Seems we might have seen the lows and highs of the day. Potentially we are looking at high 125 or low 126 finish for the day

Proper retrace to start at 1 pm EST.

Will buy again after. Let us see.

If it does not drop... no buy.

6.3 % Done.

So, will not chase the price.

Possible 5 min M forming in GU. Pretty shallow but stronger than the 1 min patterns.

Finally trying a long on us30… looking for 100-150 points

I didn't have the chance to prepare for, or trade the CPI news because of driving through a snowstorm in my area.
But I was fortunate because I was net short with 1 long and 4 short positions when CPI news hit and EUR/USD price dropped like a stone.
I got in late, closed all shorts and scalped a few more longs and shorts with good profit.
Currently, I have 1 short and 2 long positions. Need to take a nap now.
My last (#9) demo account has now reached +100%. I replaced it with #11 Live account of $100.
There are no more demo accounts being traded for the time being.

All 11 demo accounts started at $100k and ended at $200k.
All live accounts started with $100.
Current Net Equity results from best to worst:

#4 Live $173.14 (+73.14%) (20 trading days)
#7 Live $165.86 (+65.86%) (19 trading days)
#1 Live $165.66 (+65.66%) (30 trading days)
#2 Live $165.17 (+65.17%) (24 trading days)
#8 Live $158.51 (+58.51%) (11 trading days)
#6 Live $143.34 (+43.34%) (19 trading days)
#5 Live $133.04 (+33.04%) (20 trading days)
#9 Live $129.69 (+29.69%) (7 trading days)
#3 Live $113.91 (+13.91%) (22 trading days)
#11 Live $108.47 (+8.47%) (1 trading day)
#10 Live $92.04 (-7.96%) 4 trading days)

Combined results for live accounts:
Deposit = $1,100.00
Net Equity = $1,548.83
Profit +$448.83 (+40.80%) (1-30 trading days)

Overall equivalent results of Live and Demo accounts combined (11 demo accounts @ $200k each + Live %)
Deposit = $1,100,000
Net Equity = $3,097,660
Profit = $1,997,660 (+181.61%) (15-55 trading days)

Average 31.18 trading days per account (11 Demo + Live accounts combined)
Average +3.38% ROI per trading day (+18.08% per week) compounded.

im waiting for 38350 to buy

Pretty much yeah.. price will retrace, but it'll probably be as slow as hell.

Fantastic trading day my friends!

2612/13 is resistance.

This resistance may bring down the price close to 2560

are they going to offer u the funded account?

the way something or someone is propping up the pound price may get back to the midpoint of the cpi news candle

whoever it is will begin to run out of money soon and GU will catch up to all the other currencies

usdjpy and usdsek are same weighted as pound and look at those charts...

i wonder if george soros will try taking down BOE again when they start running low on cash to keep selling the dollar

Closed 26p

nah this is just the free trial, just for fun but i traded the exact same strategy i use in my live trading, besides i have no need for a funded account as i am self funded.

that's an achievement anyways.
the restriction is good for protecting the capital but in the same time it's pretty easy to knock u out and get ur trial money if u subscribe

Moment of truth
Come on

for the first time you’re counter trading me

Short GBPUSD 1.2590

TP 30pips

SL open