Cable Update (GBPUSD)

Dont get to excited its only moved up 39 pips, not saying your wrong but its a bit early for the champagne.

...it was mine...

@Support on D chart

I was able to wiggle out a contract at BE and the other with profit, but the way price fooled me and took me into draw down is not how i like to trade.
Confusing PA, still not sure why it didnt fall away.
Better tomorrow

Getting sell trade confirmation signals at 1.25676 from a 4 hr perspective. My weekly pivot at 1.26230 is 55 pips away and can be looked at as sell opportunities.
Trade safe.

for 10 pips

Adding all the way down to 38500 could be good if it gets there. Target above most recent high which is around 40.000

again ?????
mf !!!!!!!!!!

until you see the open change its bullish

targeting new high

___________ ATM =

NZDJPY LONG

Gregory Mannarino saying that Fed officials aren't even human...

I AGREE! W.T.F is that? The Thing by John Carpenter? Holy shit...

I don't know what these things are, but human they are not (at least not anymore).


Zebi when you catch the time please go visit and ask these things where they came from will you? Thanks!

So, once again, my trading system has completed its profitable cycle as designed.
New all time high account balance / net equity achieved today for all my live accounts combined.
During the 139.8 pip EUR/USD bearish trend since Tuesday, last week, down from 1.08645 to 1.07247 this morning, I kept adding to my underwater long positions on the way down, per my system, with no less than 10 pips apart, each additional position larger than the last.
I ended up with 10 long positions. Then, at the bottom of 1.07247, my average of +10 pips TP for longs was only 44.1 pips away at 1.07688. We ended up getting 54.6 pips retrace today, back up to 1.07793, so plenty of room to spare.
During the dump, I also opened 1 short position at a time with 10 pips TP. Sometimes, during the bullish spikes along the way, I managed to get 2 or 3 shorts in position, cashing out for an average of 10 pips each on the way back down. It would had obviously worked better just adding to the winning short positions and riding it all the way down, but the thing is, you never know when it's going to bounce. So, I had better peace of mind to just set a 10 pip TP, then keep opening another one, etc.
When it did bounce off of 1.07247, that last short position went into drawdown, so I started adding more shorts to it, with no less than 10 pips apart. At the top of today's bullish action at 1.07793, my average of +10 pips TP for 4 short positions was only 29.3 pips away at 1.07500, which has yet to be triggered, very likely within a day from now, or at least sometime this week.
So, a beautiful payday for me today so far!
However, because of so much drawdown, and averaging out with larger positions, the smallest positions (especially demo accounts) ended up taking losses.
But that's all part of the plan. This way, the largest positions are exposed to the least risk of loss, and end up taking the largest piece of the cake. They are the ones that I expect to keep upgrading to higher levels over time.
Currently, I have 1 long and 4 short positions in place, ready for the next cycle, large or small.
I can't say if this system would work as well with other Forex pairs.
It usually works pretty good for EUR/USD because of its tendency to consolidate and go sideways a lot and balance itself out after every breakout.
My goal for completing level 3 of my system on any one of my accounts has now been moved to the end of April, which seems fairly likely to be achieved. Maybe the goal should be more like achieving 1 new level every 2 months instead of every month, which would be good enough.

Current progress so far:

11 Level 1 (demo) accounts are finished at +100% ROI.
4 Level 2 (Live) accounts are finished at +100% ROI.
5 Level 1 (Demo) accounts started with $100k.
7 Level 2 (Live) accounts started with $100.
4 Level 3 (Live) accounts started with $400.

Current Net Equity results from best to worst:

Level 3 Live $400 to $800:
#1 Level 3 = $585.63 (+46.41%) (30 trading days)
#4 Level 3 = $518.48 (+29.62%) (26 trading days)
#2 Level 3 = $505.03 (+26.26%) (26 trading days)
#3 Level 3 = $467.37 (+16.84%) (26 trading days)

Level 2 Live $100 to $200:
#10 Level 2 = $160.70 (+60.70%) (39 trading days)
#5 Level 2 = $149.18 (+49.18%) (55 trading days)
#9 Level 2 = $122.91 (+22.91%) (42 trading days)
#7 Level 2 = $120.78 (+20.78%) (54 trading days)
#3 Level 2 = $89.78 (-10.22%) (57 trading days)
#6 Level 2 = $73.90 (-26.10%) (54 trading days)
#11 Level 2 = $47.75 (-52.25%) (36 trading days)

Combined results for live accounts:
Deposit = $1,900.00
Net Equity = $2,841.51
Profit +$941.51 (+49.55%)
(36-65 trading days)

Level 1 Demo $100k to $200k:
#14 Level 1 = $151,513 (+51.51%) (18 trading days)
#16 Level 1 = $105,825 (+5.82%) (18 trading days)
#12 Level 1 = $81,772 (-18.23%) (20 trading days)
#13 Level 1 = $72,460 (-27.54%) (19 trading days)
#15 Level 1 = $36,752 (-63.25%) (18 trading days)

Combined results for demo accounts:
Deposit = $500,000
Net Equity = $448,322
Profit -$51,678 (-10.34%) (18-20 trading days)

Overall equivalent results of 16 Total (Demo + Live) accounts combined:
Deposit = $1,600,000
Net Equity = $4,054,832
Profit +$2,454,832 (+153.43%)
(18-90 trading days)

Average 51.3125 trading days per account (16 Demo + Live accounts combined):
Average +1.83% ROI per trading day (+9.49% per week, +48.14% per month) compounded.

you watch these kinds of people?

and do you agree with them?

I want to point out some stuff he missed First of all the inverse correlation between the debt market and stock market looks broken for over a year. Both yields and the stock market is in an uptrend. So saying the market is driven by the debt market and calling the market a "hyper bubble" is a bit too strong.

Don't get me wrong, there is a bubble. But i think we gotta look at what keeps this bubble going & growing. And that i think is people just don't care about a 5.50% interest rate. Consumers don't think this is a serious number, it's not enough. We developed a habit of buying everything we can now bc we don't trust inflation going down after we saw the historical highs in a short period of time.

When you see inflation going to 10% from 1% in a span of 2 years. You don't trust a 5.5% interest rate. Coz we all know 10% inflation translates to at least 20% in real life. So 5.5% interest is not scary at all. And now we have 3.5% inflation, we all know that translates at least the double when you go to a grocery shop. Still, interest rates are not scary for the ordinary consumer.

So the bottom line is, rather than calling it a hyper bubble, i would say rates are not serious enough to change people's habits. So the show keeps going on.

Cutting rates at this point will only encourage the bubble pumping higher, i gotta agree with Steve Eisman. Nothing wrong with what he says. But then there's the FED. Let's be honest, FED doesn't want to spook or hurt the stock market. This all "soft landing" target is to not pop the balloon. I mean who wants to crash their own country's stock market and chase away the investment out of the country? The FED and The Wall Street are not rivals, they are friends. I mean it has to be that way. I don't think anyone would want to lose foreign investors to other countries.

And the last thing that i want to point out is his view on the PCE. Powell himself said last Friday's PCE is inline with their expectations. So FED won't do anything about it. Which is why after seeing the PCE report and listening to Powell's speech, i decided to short USD and closed my longs.

And i hope he is joking about fed members not being humans