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Cable Update (GBPUSD)

  • #812,281
  • Feb 27, 2024 9:46pm Feb 27, 2024 9:46pm
Quoting TraderFX.Id
{quote} your long makes me close my short you scare me dude {image}
why? your room for shorts is to 2640-30, you can hold but its area where massive longs can be fired, always do your own analyses and stick to them, use proper MM to minimize losses. You will be fine
People don't plan to lose. They lose because they don't plan.
  • #812,282
  • Feb 27, 2024 9:58pm Feb 27, 2024 9:58pm
Quoting Zebi
{quote} i see pretty much nothing happened while i was away price hit 1.26951 on oanda but didnt fill me cause of the spread depending on daily close if its red ill short asia and stay up late to short london heres a GU 4H chart i captured this morning but forgot to post ...looks like starting to rollover {image}
Quoting Zebi
heres the update somebody mentioned accumulation earlier ill have to respectfully disagree and say its distribution the line at 2557 is my target {image}

looks like im staying up into london
short trump and go long the deepstate
  • #812,283
  • Feb 27, 2024 10:02pm Feb 27, 2024 10:02pm
yesterday was an inside day inside an inside day inside an inside day;-);-)

today we have a breakout!

but it could also be a false breakout
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trading is like dancing, don't think and just listen to the music!
  • #812,284
  • Feb 27, 2024 10:35pm Feb 27, 2024 10:35pm
Quoting 7154Superman
{quote} Would you please share your stop loss and reason for this long trade? Thank you!
My SL is 2640 but I am convinced that price will hit it. I will wait. Either price goes up for me to join the sell train or it hits the stop. That's fine.
  • #812,285
  • Feb 27, 2024 10:43pm Feb 27, 2024 10:43pm
"sky is not the limit"
GU: H1 and M1
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Intraday Trading is an Art _ hoda
  • #812,286
  • Feb 27, 2024 10:45pm Feb 27, 2024 10:45pm
Quoting 7154Superman
{quote} Today was a slow day, but I still managed to scalp a few longs and shorts with small profits. I now have 4 live accounts above +80% ROI, so reaching level 3 could happen any day now. We still have 8 more trading days in February to reach that +100% goal by the end of the month. The goal is to upgrade to a new level every month. But it's ok if it doesn't happen. It's just more motivating to try harder when you have a goal. Level 1 = Demo $100k to $200k Deposit $100 Level 2 = Live $100 to $200 Deposit $200 Level 3 = Live $400 - $800 If funds...
So, I took some time off from trading after my setback last week, then got back in slowly.
So far, I have made back some of the net equity I lost, ready to continue trading to new highs.
Currently, I have 5 EUR/USD short positions in place. TP = 1.07.

4 Level 2 (Live) accounts have reached +100% ROI, and have been upgraded to Level 3 ($400 to $800) by depositing another $200 into each of them, excellent progress for the end of February.
My next goal is for at least one Level 3 account to reach +100% ROI by the end of March, making it eligible to be upgraded to Level 4 if the funds are available.
It doesn't matter whether I actually reach my goals in time. The goals are there simply to give me the motivation to keep trying.
I will update my Trade Explorer next weekend.

My leveling system is as follows:
Level 1 (Demo $100k to $200k)
Deposit $100
Level 2 (Live $100 to $200)
If funds are not available to deposit $200 to start Level 3, then I will trade
Level 2.5 (Live $200 to $400)
or Deposit $200
Level 3 (Live $400 to $800)
If funds are not available to deposit $700 to start Level 4, then I will trade
Level 3.5 (Live $800 to $1,600)
or Deposit $700
Level 4 (Live $1,500 to $3,000)

Current progress so far:
11 Level 1 (demo) accounts are finished at +100% ROI.
4 Level 2 (Live) accounts are finished at +100% ROI.
7 Level 2 (Live) accounts started with $100.
4 Level 3 (Live) accounts started with $400.
Current Net Equity results from best to worst:

#3 Level 3 = $419.62 (+4.91%) (1 trading day)
#1 Level 3 = $416.26 (+4.07%) (6 trading days)
#2 Level 3 = $400.00 (+0.00%) (1 trading day)
#4 Level 3 = $400.00 (+0.00%) (1 trading day)

#9 Level 2 = $140.06 (+40.06%) (17 trading days)
#10 Level 2 = $128.39 (+28.39%) (14 trading days)
#6 Level 2 = $115.90 (+15.90%) (29 trading days)
#7 Level 2 = $108.37 (+8.37%) (29 trading days)
#5 Level 2 = $104.79 (+4.79%) (30 trading days)
#11 Level 2 = $78.98 (-21.02%) (11 trading days)
#3 Level 2 = $73.60 (-26.40%) (32 trading days)

Combined results for live accounts:
Deposit = $1,900.00
Net Equity = $2,385.97
Profit +$485.97 (+25.58%) (11-40 trading days)

Overall equivalent results of Total (Demo + Live) accounts combined (11 Level 1 (Demo) accounts @ $200k each + Level 2 & 3 (Live) @ current % ROI)
Deposit = $1,100,000
Net Equity = $3,136,060
Profit = $2,036,060 (+185.10%) (25-65 trading days)

Average 41.18 trading days per account (11 Demo + Level 2 & 3 accounts combined)
Average +2.58% ROI per trading day (+13.58% per week, +73.68% per month) compounded.
You cannot fail if you never give up.
  • #812,287
  • Feb 27, 2024 10:53pm Feb 27, 2024 10:53pm
Quoting 7154Superman
{quote} So, I took some time off from trading after my setback last week, then got back in slowly. So far, I have made back some of the net equity I lost, ready to continue trading to new highs. Currently, I have 5 EUR/USD short positions in place. TP = 1.07. 4 Level 2 (Live) accounts have reached +100% ROI, and have been upgraded to Level 3 ($400 to $800) by depositing another $200 into each of them, excellent progress for the end of February. My next goal is for at least one Level 3 account to reach +100% ROI by the end of March,...
That's a lot of nonsense words just to say "Uh, oh, I fucked-up, and nubcake was right all along".

Y'know, most accounts will also go up if people keep dumping money into it.
Congratulations ScalaFX for coming out of the closet!
  • #812,288
  • Feb 27, 2024 10:54pm Feb 27, 2024 10:54pm
Quoting dantpm
{quote} Nixon as the source of watergate qualifies as one of the originators of the deep state you see today! His ending of the gold standard clearly pushed the US down its current path
He's made out to be a villain for that decision but if look at the reason why he took the US of the gold standard it makes perfect sense.
Every US dollar was backed by gold, all it was going to take was for every country in the world to ask for gold in exchange for the US currency they held to bankkrupt the nation
Don't Leave Money on the Table
  • #812,289
  • Feb 27, 2024 10:56pm Feb 27, 2024 10:56pm
Is today going to be “Falling Knife Day”?
  • #812,290
  • Feb 27, 2024 10:58pm Feb 27, 2024 10:58pm
Quoting MrFanciful
Is today going to be “Falling Knife Day”?

If it is then 2600 be good buying area
I'm looking at 1.2648 to buy, see what PA does
Don't Leave Money on the Table
  • #812,291
  • Feb 27, 2024 11:01pm Feb 27, 2024 11:01pm
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yes yes yes
  • #812,292
  • Feb 27, 2024 11:05pm Feb 27, 2024 11:05pm
Doesn't look good for bulls in the short term. I hope London gives a spike to join the train, but most times when you expect them to, they never do and when you don't expect them to, they do.
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  • #812,293
  • Feb 27, 2024 11:07pm Feb 27, 2024 11:07pm
Quoting 7154Superman
{quote} So, I took some time off from trading after my setback last week, then got back in slowly. So far, I have made back some of the net equity I lost, ready to continue trading to new highs. Currently, I have 5 EUR/USD short positions in place. TP = 1.07. 4 Level 2 (Live) accounts have reached +100% ROI, and have been upgraded to Level 3 ($400 to $800) by depositing another $200 into each of them, excellent progress for the end of February. My next goal is for at least one Level 3 account to reach +100% ROI by the end of March,...

superman...even tho your one of those maga conspiracy nuts i still think your doin a great job

HOWEVER...seems like your stuck in a rut playing with live and demo accounts...i know youre trying to simulate prop trading by scaling up but your wasting time and your opportunity costs are growing ..youve survived a month and went beyond expectations so its prolly time to put your big boy pants on... dont forget those prop guys trying to scale up and always buying challenges also lose screwing around like that

this videos for you superman...stop pussy footing around so long cause youll get so comfortable youll never take the next step of trading a large real account

you got to learn if you can emotionally handle a 10 or 20k real money account sometime while your still young

Inserted Video
short trump and go long the deepstate
  • #812,294
  • Feb 27, 2024 11:07pm Feb 27, 2024 11:07pm
Quoting TraderFX.Id
gratefull with this week result {image}
Only 20% so far this week? Pff, I don't know why you even bother trading...




just kidding hahahah...
  • #812,295
  • Feb 27, 2024 11:08pm Feb 27, 2024 11:08pm
Quoting nubcake
{quote} That's a lot of nonsense words just to say "Uh, oh, I fucked-up, and nubcake was right all along". Y'know, most accounts will also go up if people keep dumping money into it.
Losing -4% off my all time high net equity of +45% live profit is "I f'ed up"? No, you were wrong all along. I never lost. I never went into negative territory since I started this system. I just had a setback from a 2 month long winning streak, made $500 cold hard cash, then lost $65 = still a profit of $435, and needed a break, and to slow down, due to over trading and getting stressed out. That's all. Now I'm back, having already made some of that loss back, (profit is now at $485), deposited another $800, and will continue another winning streak until who knows when.
You cannot fail if you never give up.
  • #812,296
  • Feb 27, 2024 11:08pm Feb 27, 2024 11:08pm
Quoting hamedsna
{quote} update closed half and sl set to be {image}
close all
will buy below 450 for scalp
  • #812,297
  • Feb 27, 2024 11:10pm Feb 27, 2024 11:10pm
Looks dramatic but Euro 25 pips drop in 12 hours and Cable 30 pips drop
Don't Leave Money on the Table
  • #812,298
  • Feb 27, 2024 11:12pm Feb 27, 2024 11:12pm
Quoting Whatevs
{quote} Only 20% so far this week? Pff, I don't know why you even bother trading... just kidding hahahah...
yes i have a bad trade this month
dont teach me how to buy. im sellers!!
  • #812,299
  • Feb 27, 2024 11:12pm Feb 27, 2024 11:12pm
1.2632 support (H4) and Daily S2.
  • #812,300
  • Feb 27, 2024 11:13pm Feb 27, 2024 11:13pm
Anybody thought of US GDP today? Is price goading us to sell here? I know that whatever the data is price will keep going down until it hits that 2600 area where there was a bounce last time, however, bad data could spike us up again to waste more time. At 3.3 forecast I think it might be a miss today.
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