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Cable Update (GBPUSD)

  • #821,961
  • Apr 17, 2024 7:18am Apr 17, 2024 7:18am
Quoting birdland
{quote} well... {image}

Bit unexpected for NY session, at the beginning thought we were heading straight up, maybe a bit later
Don't Leave Money on the Table
  • #821,963
  • Apr 17, 2024 7:34am Apr 17, 2024 7:34am
Quoting Zebi
{quote} I forgot to post I put in a sell stop on UJ before I went to bed incase suzuki called kawazaki and he called honda and all the motorcycles started the drop I'm not adding anymore shorts just will get swept in short hopefully with the sell stop so my sell stop at 154.30 my average at 153.88 and my first tp at 151.92 {image}
Intervention should hit 149.000.
  • #821,964
  • Apr 17, 2024 7:35am Apr 17, 2024 7:35am
Quoting Zebi
{quote} you talked me into going short UJ so whens the intervention gona start? in America we put pics of missing children on milk cartons so should I start distributing these to more places? {image}
USD/JPY is soon at the price mentioned. It's going up slowly as hell, but it's going.
  • #821,965
  • Apr 17, 2024 7:43am Apr 17, 2024 7:43am
Quoting Whatevs
{quote} I think 160 is way too optimistic. Japan just blitzed the moves at 154.35 and 154.65... In my opinion, it's likely USD/JPY won't even hit 155.
200 is the floor
  • #821,966
  • Apr 17, 2024 7:50am Apr 17, 2024 7:50am
Quoting Jolita
{quote} 200 is the floor
USD/JPY 200?
  • #821,967
  • Apr 17, 2024 7:52am Apr 17, 2024 7:52am
Quoting Wavegarrick
{quote}{quote} {quote} It will also take you a few seconds to lose 100 bucks, if you do not know what you're doing. Trade big until you have something proven, and after so many years, I still haven't come across the holy grail. To trade comfortably nowadays and make a decent living out of trading, you need to have a minimum of $100 000 dollars. I guess not in everyone's scope unless you have spare cash lying around and your daddy is stinking rich. Then again, who wants to trade big unless you have a proven system. This is the main reason why 95%...
In other words… the house will eventualy win?…
Is there any point to get in this trading bussiness unless you have meet the requirements you just mentioned?…
i follow your posts for about 2 years
meenwhile i made about $4k in 2020 and lost $25k since…
looks like i m not getting ahead with this and i was wondering if would be better to quit now instead of slowly bleed out time and money.
thanks…
  • #821,968
  • Apr 17, 2024 7:56am Apr 17, 2024 7:56am
Quoting suhas316
GBP/USD 4H {image}
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!! Radha Radha !!
  • #821,969
  • Apr 17, 2024 8:08am Apr 17, 2024 8:08am
Quoting Fishbones
{quote} In other words… the house will eventualy win?… Is there any point to get in this trading bussiness unless you have meet the requirements you just mentioned?… i follow your posts for about 2 years meenwhile i made about $4k in 2020 and lost $25k since… looks like i m not getting ahead with this and i was wondering if would be better to quit now instead of slowly bleed out time and money. thanks…
The house will definitely win if you don't have a strategy that you constantly follow. The more you deviate, the more money you'll lose.

Find out the TF that you're comfortable with and stick with it.

For example, I can't stand watching the price move, because it's soul crushing and slow as hell if it isn't some of the High-Impact News.
Most of the time, it's slow and painful process until the price hits your SL or TP.

So, I mainly stick with the higher TF D1 (so I don't have to watch the chart, just take a look here and there).
I was testing it before and had a good success trading D1 TF only. (https://www.forexfactory.com/thread/...8-last-journal?)

STICK WITH THE SAME STRATEGY AND DON'T THINK! IF YOU GET A SIGNAL TO BUY, THEN YOU BUY AND IF YOU GET A SIGNAL TO SELL, THEN YOU SELL. ACT FIRST, THINK LATER (IF YOU WANT).

UNDERSTAND THE RISK (2% PER TRADE AND STICK WITH IT. THERE'S A REASON WHY IT'S 2% AND NOT 5%). THIS WILL KEEP YOU IN CHECK, SO YOU DON'T GET TEMPTED AND GO BERSERK AND RISK 20% OF THE BALANCE.

CONSISTENCY!

YOU NEED A GOOD SYSTEM AND A GOOD STRATEGY. IT'LL TAKE A WHILE UNTIL YOU FIGURE OUT BOTH.
  • #821,970
  • Apr 17, 2024 8:10am Apr 17, 2024 8:10am
Quoting Fishbones
{quote} In other words… the house will eventualy win?… Is there any point to get in this trading bussiness unless you have meet the requirements you just mentioned?… i follow your posts for about 2 years meenwhile i made about $4k in 2020 and lost $25k since… looks like i m not getting ahead with this and i was wondering if would be better to quit now instead of slowly bleed out time and money. thanks…

It's your time that's the biggest factor, spending a whole lot of time and losing at the same time is a killer.
I've just been looking at the work of Dan Pena and he says it's bloody hard to be a 'High Performance Individual' but if you want to succeed in forex that's what you need to become!!
discipline discipline discipline and razor sharp focus
Sorry Sydney can't spend time with you tonight, I got trades to put on
Don't Leave Money on the Table
  • #821,971
  • Apr 17, 2024 8:11am Apr 17, 2024 8:11am
T.P of GU buy 1.24622 price has reached so far 1.24621
Don't Leave Money on the Table
  • #821,972
  • Edited 8:32am Apr 17, 2024 8:18am | Edited 8:32am
Quoting Fishbones
{quote} In other words… the house will eventualy win?… Is there any point to get in this trading bussiness unless you have meet the requirements you just mentioned?… i follow your posts for about 2 years meenwhile i made about $4k in 2020 and lost $25k since… looks like i m not getting ahead with this and i was wondering if would be better to quit now instead of slowly bleed out time and money. thanks…

trading especially forex trading on the internet is populated by dreamers,schemers,scammers, rascals and rogues all selling a get rich quick scheme LOL

if you asked the tens of thousands of FF members who made money last year and if they answered honestly only 1% prolly did

people make money one year trading and lose it the next LOL...happens to everyone including me too so a second source of income is important...why do you think so many traders sell books,courses or make youtube videos so they get paid by young dumb kids watching their shit

the only way to make money is do it the way warren buffwewt does on the stock market cause its rigged to always go up....when a individual company falters like walgreens has they get kicked out of the dow and replaced by amazon cause it holds back the index....so in America the only people that make money are the ones that buy a stock or a fund that trails the index and hold for 20-30 years in retirement accounts....but that's just paper profits till they take the money out to spend on their kids rehab from a drug addiction

people have so many vices ...trading is a lot like gambling so as long as you don't use too much leverage you can enjoy the thrill of a casino experience from your home

originally the stock market was a way for new companies to get money by selling their shares to people so they can expand operations but that's not how it works anymore...just look at DJT...everybody that bought that shit compqany losing money cause its all a grift now
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short trump and go long the deepstate
  • #821,973
  • Apr 17, 2024 8:23am Apr 17, 2024 8:23am
[quote=Zebi;14834595]{quote} trading especially forex trading on the internet is populated by dreamers,schemers,scammers, rascals and rogues all selling a get rich quick scheme

So true, and it's getting worse by the day.
  • #821,974
  • Apr 17, 2024 8:39am Apr 17, 2024 8:39am
Lack lustre day on the markets as they say....
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Don't Leave Money on the Table
  • #821,975
  • Apr 17, 2024 8:54am Apr 17, 2024 8:54am
Trap door opening
Insane in the Brain..
  • #821,976
  • Apr 17, 2024 8:56am Apr 17, 2024 8:56am
Quoting suhas316
GBP/JPY {image}
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!! Radha Radha !!
  • #821,977
  • Apr 17, 2024 9:02am Apr 17, 2024 9:02am
Quoting Zebi
{quote} I forgot to post I put in a sell stop on UJ before I went to bed incase suzuki called kawazaki and he called honda and all the motorcycles started the drop I'm not adding anymore shorts just will get swept in short hopefully with the sell stop so my sell stop at 154.30 my average at 153.88 and my first tp at 151.92 {image}

I moved down my sell stop to 153.66... under my average cause don't want it hit and have it reverse while I'm awake

ill move up my sell stop again when I go to sleep ...that's how I'm fishing and waiting for the intervention to happen using sellstops since I don't want to short manually anymore watching charts all the time

everything else is the same
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short trump and go long the deepstate
  • #821,978
  • Apr 17, 2024 9:05am Apr 17, 2024 9:05am
Quoting suhas316
GBP/JPY {image}
60+ pips now
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!! Radha Radha !!
  • #821,979
  • Apr 17, 2024 9:08am Apr 17, 2024 9:08am
What’s with GU it’s dropped 30 pips out of nowhere?
Insane in the Brain..
  • #821,980
  • Apr 17, 2024 9:09am Apr 17, 2024 9:09am
Quoting BeeTogether
What’s with GU it’s dropped 30 pips out of nowhere?
Probably because of this:
19:00
GBP
BOE Gov Bailey Speaks
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