Cable Update (GBPUSD)
- #809,541
- Feb 14, 2024 3:46pm Feb 14, 2024 3:46pm
- Joined Jul 2023 | Status: Aspiring trader | 1,132 Posts
- #809,543
- Feb 14, 2024 4:15pm Feb 14, 2024 4:15pm
- Joined Apr 2011 | Status: survivor | 4,131 Posts
my eyes will be on eur/gbp.
- #809,547
- Feb 14, 2024 5:58pm Feb 14, 2024 5:58pm
- Joined Jul 2023 | Status: Aspiring trader | 1,132 Posts
noticing a great correlation in timezones and movement of forex also support and resistance plays a role when these concepts meet at a particular session or change in session forex is about adaptability and not one concept fit all but using all concepts to paint a near pefect picture so you can get in the market and out the market with great profitability
- #809,548
- Feb 14, 2024 6:26pm Feb 14, 2024 6:26pm
- Joined Oct 2019 | Status: Trader | 2,448 Posts
Master your mind. Master Trading.
- #809,551
- Feb 14, 2024 6:59pm Feb 14, 2024 6:59pm
- Joined Sep 2022 | Status: Trader | 2,296 Posts
Exhausted 
- #809,552
- Feb 14, 2024 7:05pm Feb 14, 2024 7:05pm
- Joined Oct 2010 | Status: Trader | 21,478 Posts
Intraday only.
- #809,553
- Feb 14, 2024 7:25pm Feb 14, 2024 7:25pm
- Joined Oct 2019 | Status: Trader | 2,448 Posts
Master your mind. Master Trading.
- #809,554
- Feb 14, 2024 7:46pm Feb 14, 2024 7:46pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
This is a trend {image} this is another {image} this is not a trend, it’s just a mess {image} the only luck is that even you take a wrong trade, market will somewhere turn around and let you recover. You missed an entry? No problem price the following day will still be the same area so no stress wtf
I wish it would stay that way. Then I wouldn't have to worry about trending breakouts and potentially get margin called.
But it's just not reality. If price wouldn't break out into a new range, it would stall and completely stop moving.
You cannot fail if you never give up.
- #809,555
- Feb 14, 2024 7:51pm Feb 14, 2024 7:51pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} 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...
Currently, I have 2 long and 4 short positions on EUR/USD.
For tomorrow, I expect volatility both ways. But I have taxi driving to do all day, so I might not be able to take good advantage of price action.
All 11 demo accounts are finished at +100% ROI.
All live accounts started with $100.
Current Net Equity results from best to worst:
#4 Live $173.14 (+73.14%) (21 trading days)
#7 Live $165.86 (+65.86%) (20 trading days)
#1 Live $165.66 (+65.66%) (31 trading days)
#2 Live $165.17 (+65.17%) (25 trading days)
#8 Live $158.51 (+58.51%) (12 trading days)
#6 Live $148.55 (+48.55%) (20 trading days)
#9 Live $139.47 (+39.47%) (8 trading days)
#5 Live $120.45 (+20.45%) (21 trading days)
#3 Live $111.82 (+11.82%) (23 trading days)
#11 Live $101.00 (+1.00%) (2 trading days)
#10 Live $100.17 (+0.17%) (5 trading days)
Combined results for live accounts:
Deposit = $1,100.00
Net Equity = $1,549.80
Profit +$449.80 (+40.89%) (2-31 trading days)
Overall equivalent results of Live and Demo accounts combined (11 demo accounts @ $200k each + Live %)
Deposit = $1,100,000
Net Equity = $3,099,600
Profit = $1,999,600 (+181.78%) (16-56 trading days)
Average 32.18 trading days per account (11 Demo + Live accounts combined)
Average +3.27% ROI per trading day (+17.45% per week) compounded.
You cannot fail if you never give up.
- #809,556
- Feb 14, 2024 7:53pm Feb 14, 2024 7:53pm
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
{quote} That "mess" is called scalper's heaven and trend trader's hell. LoL
More time in the market, does not mean you trade better!
- #809,559
- Feb 14, 2024 8:28pm Feb 14, 2024 8:28pm
- Joined Sep 2022 | Status: Trader | 2,296 Posts
Exhausted