Cable Update (GBPUSD)

Hi Ferna,

Free speech is about right to speak out and based on mutual respect. But freedom of speech has been mistaken to be "speak whatever you want" for so many. Once someone start to "speak freely" and powerplay others, the natural outcome is the forum becomes a "free market" - Winners take it all. Sadly, this is happening in all aspect of the society.

And me as a reader of this thread just want to see trading discussion like many others.

Yep Tommy is right again. Since this is an interactive trading thread, let's keep it about trading guys.
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But some guys here like the aggressor, please explain what are you doing here if you are not sharing your trades or analyses in an interactive trading thread. There are many threads about discussions. Please visit there.

bones..why are you taking my chart and altering it?


i see you put my distribution curve from a previous post onto my dollar chart... and what exactly are you saying with your A and B?

please respect my IP or ill have to report you to twee that youre a thief and a loser

edit: right after i made this post to you twee emailed me about his concern for this thread...im sure hes messaged all the regular posters in here telling all of us to behave LOL... so i did inform and complain to him that youre a thief stealing and altering my charts when i replied to him just now ...have a nice day bonzey

LOL.....whatever m8

i dont mind taking ribbing from people that contribute something worthwhile to the chat thats why i was joking around earlier the useless ones i drop an anvil on them LOL

The immaturity level in this forum peaked into the red zone the last 4 days

Looks like a sell to me... But this pair is in a small range in the last 4 months or so I won't jeopardize my 36 in a row. Waiting on the sidelines on this pair until I see a steeper slope.

since people are stealing my charts ill just say there was no TA damage done to the dollar today without posting a chart...its recovered all the way back to the PMI announcement time

so dollar bulls shook off the surprise miss which really wasnt bad since expansion still happening but slower since the number was above 50

tmoro may have some fireworks...powell is speaking in the house of representatives and the braindead maga faction on the committee may start harassing him with whatever crap is floating around in their heads trying to help trump poll numbers so i may just close my shorts if they get below my average of 2680 and reshort when hes done testifying

I scalped a few longs and shorts with profit today.
It's starting to get boring. Just a little bit everyday. But that's how you know you're now set to make consistent gains daily for the long term. It's supposed to be boring. Getting rich is not exciting.
It's just adding a little bit to your stash everyday.
Be content with small gains. It all adds up over time.
Especially when it's compounded gains.
Gambling and losing is exciting. That's the poor man's game.
Currently on EUR/USD, I have 1 long, TP 1.087, which is near today's high, and 6 shorts, TP 1.0823, which is slightly below the day 200 SMA.
My average combined return for each of my 11 accounts (Demo + Live) has now bypassed +200%.
This was accomplished during an average of a little over 2 months of trading per account.
Where would tripling my account every 2 months get my current $2,529 in 6 months if I don't withdraw anything at all?
Do the math.
In 6 months? $68,283.
In a year? $1.84 Million.
In 2 years? $1.34 Billion.
In 3 years? $980 Billion.
If this were logistically possible, it would make me the richest man in the world in less than 3 years unless somebody else keeps up with me.
But of course they won't let it happen.
Besides that, I will of course withdraw 30-50% of the profit along the way, which would reduce the compounded growth. And then I might be so busy doing other fun (and expensive) things I want to do because I can afford it, and not have as much time to trade. So, most likely my average compounded trading growth per day will keep going down.
As well as my leverage being reduced once I get into the multi-millions.
It will likely take me a lifetime to get to a billion dollars just trading Forex. So I might, of course, start buying crypto, precious metals, and stocks with dividends, to improve my overall compounding growth.
But I will likely continue trading Forex until the day I die, because maybe gambling is in my blood?

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:

#1 Level 3 = $436.62 (+9.16%) (11 trading days)
#4 Level 3 = $423.30 (+5.83%) (6 trading days)
#2 Level 3 = $423.10 (+5.78%) (6 trading days)
#3 Level 3 = $419.62 (+4.91%) (6 trading days)

#6 Level 2 = $159.61 (+59.61%) (34 trading days)
#10 Level 2 = $138.98 (+38.98%) (19 trading days)
#9 Level 2 = $131.00 (+31.00%) (22 trading days)
#5 Level 2 = $126.09 (+26.09%) (35 trading days)
#7 Level 2 = $117.12 (+17.12%) (34 trading days)
#11 Level 2 = $82.01 (-17.99%) (16 trading days)
#3 Level 2 = $71.56 (-28.44%) (37 trading days)

Combined results for live accounts:
Deposit = $1,900.00
Net Equity = $2,529.01
Profit +$629.01 (+33.11%) (16-45 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 = $3,355,380
Profit = $2,255,380 (+205.03%) (30-70 trading days)

Average 46.18 trading days per account (11 Demo + Level 2 & 3 (Live) accounts combined)
Average +2.44% ROI per trading day (+12.81% per week, +68.62% per month) compounded.

Euro tested the same support level 3 times and bounced from there.
based on daily candle, it's highly probable to go engulfing bullish candle today.
Providing Euro usually move closely with Pound... GU should go up today? Or at least retest the high first.

Do look at EPFR website, maybe you can get an answer for majority of your question?
They track flow of funds

When it comes to Bitcoin, I believe that most people, analysts and traders are simply blowing smoke!
What is known: how many coins were issued, programmers are getting paid for solving verification equations related to ownership and the current market price.
What is not known: how many coins are accessible, who holds the outstanding coins or the distribution of ownership.

If the price rises is it because of funds flowing into bitcoin, accumulation by current coin holders or is it because of scarcity of supply or some combination of these?

At best it is a guess. Potentially it is one hell of a ponzi scheme where as prices rise a small group of coin owners are selling and as prices fall the same coin holders are accumulating or buying back their coins.

I can hear Twee sighing, shaking his head, and muttering "Fxxking children."

All heroes go down, eventually. Moty had a great run this year... however, what happened is just a logical outcome that will always take place. If you risk too much all the time, then you'll eventually lose.

Well, let's hope Moty will have another great run haha!

When do you enter long or short? Do you wait for M5 to start trending up, or M15 or H4 perhaps?