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New Cable Thread & Other Pairs

  • #8,201
  • Jul 26, 2024 2:07am Jul 26, 2024 2:07am
Quoting SmallGains
{quote} ah didn't know that.
I call it Frankfurt Fuckery....
Its all just one persons opinion
  • #8,202
  • Jul 26, 2024 2:10am Jul 26, 2024 2:10am
Quoting axecap
{quote} I call it Frankfurt Fuckery....
Hazardous for scalps.....
Its all just one persons opinion
  • #8,203
  • Jul 26, 2024 2:20am Jul 26, 2024 2:20am
Quoting guguxpto
No doubts Pedro is a great trader . For us ,we are lucky to have him teaching only with the free stuff we can make money. Gold as came down eur JPY as came down as predicted , someone post cement saying is fighting 4 years trent and what’s appended price folles . Im only in eur usd at the moment because my work take me plenty of time . Thanks Pedro for sharing all this free stuff.
Thank you very much for the compliments and for smashing the like button everyday, this thread is getting more popular and therefore I am getting my Xmas bonus (Mr T promised me).
Regarding the learning, you make the best of what you have got and that is great. Probably takes you longer but step by step you coming closer.
The goal is to be independent of anyone else. To learn a system which will stay with you forever.
In this business the lack of capital is a big hurdle for most traders and I understand that.
Prop firms are the best chance at getting funded but the way it works, if you had some capital you could do much better.
The 5% drawdown limit actually hinders your potential.
If there is nothing else, try jumping on one of those.
All the best G.
We watch the charts from every angle so you don't have to!!
  • #8,204
  • Jul 26, 2024 2:26am Jul 26, 2024 2:26am
Quoting axecap
{quote} I call it Frankfurt Fuckery....
yea that was a little excessive lol. Still holding my longs tho and still in profit. Got zero sleep last night baby sitting them.
  • #8,205
  • Jul 26, 2024 2:28am Jul 26, 2024 2:28am
Quoting SmallGains
{quote} yea that was a little excessive lol. Still holding my longs tho and still in profit. Got zero sleep last night baby sitting them.
hate swaps tho. .06 to buy .58 to hold per .01 lot
  • #8,206
  • Jul 26, 2024 2:32am Jul 26, 2024 2:32am
Quoting pedro319
{quote} Thank you very much for the compliments and for smashing the like button everyday, this thread is getting more popular and therefore I am getting my Xmas bonus (Mr T promised me). Regarding the learning, you make the best of what you have got and that is great. Probably takes you longer but step by step you coming closer. The goal is to be independent of anyone else. To learn a system which will stay with you forever. In this business the lack of capital is a big hurdle for most traders and I understand that. Prop firms are the best chance...
No truer word has been spoken.
  • #8,207
  • Jul 26, 2024 2:35am Jul 26, 2024 2:35am
Quoting axecap
M 30 Short EU 1.0860 will take the 17 pips to support at 1.0843 or through to the trendline and below {image}
closed
Its all just one persons opinion
  • #8,208
  • Jul 26, 2024 2:41am Jul 26, 2024 2:41am
Quoting pedro319
{quote} Thank you very much for the compliments and for smashing the like button everyday, this thread is getting more popular and therefore I am getting my Xmas bonus (Mr T promised me). Regarding the learning, you make the best of what you have got and that is great. Probably takes you longer but step by step you coming closer. The goal is to be independent of anyone else. To learn a system which will stay with you forever. In this business the lack of capital is a big hurdle for most traders and I understand that. Prop firms are the best chance...
Or you can start to build up your capital. If you have stability theoretically could it work. You need to increase your capital weekly with 10-15% and you can arrive to a nice capital in one year. But you need hard work and self control in every week of the year, so 52 times.
  • #8,209
  • Jul 26, 2024 2:44am Jul 26, 2024 2:44am
Gold
H1 AB=CD
Bounce is still on and this is my expectation.
I am managing positions and not adding anymore.
Remember direction is down, this is just a nibble.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 11 KB
We watch the charts from every angle so you don't have to!!
  • #8,210
  • Jul 26, 2024 2:53am Jul 26, 2024 2:53am
Quoting Mihisti
{quote} Or you can start to build up your capital. If you have stability theoretically could it work. You need to increase your capital weekly with 10-15% and you can arrive to a nice capital in one year. But you need hard work and self control in every week of the year, so 52 times.
Absolutely!! Still 10-15% is too much, implies taking more risk.
You have to remember that hedge funds offer a return of 30-40% per year (some of them), anything higher takes a lot of stretch, long runs of successful trades, I am not saying one cannot but the probabilities skew against you.
My advice to everyone is to have an account where you only need 20% per year.
Or a couple of them...

You might end up with a lot more profit but it's dangerous to think like that from the outset.
We watch the charts from every angle so you don't have to!!
  • #8,211
  • Jul 26, 2024 3:03am Jul 26, 2024 3:03am
M30
added more EJAY shorts.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 56 KB
Its all just one persons opinion
  • #8,212
  • Jul 26, 2024 3:07am Jul 26, 2024 3:07am
Quoting pedro319
{quote} Absolutely!! Still 10-15% is too much, implies taking more risk. You have to remember that hedge funds offer a return of 30-40% per year (some of them), anything higher takes a lot of stretch, long runs of successful trades, I am not saying one cannot but the probabilities skew against you. My advice to everyone is to have an account where you only need 20% per year. Or a couple of them... You might end up with a lot more profit but it's dangerous to think like that from the outset.
I believe, you can make 20% in one week

The truth is that you definitely need to decrease the risk when your capital is growing. With 1000 EUR you can make all in with split entries risking in total 20-25%. But with 10.000 EUR this is a huge risk. If you loss 20% you need to make almost 40% profit to recuperate your loss.
At 10.000 EUR the maximum I consider around 5% risk. And at 100k or 1 million..., I don't know, I am far away.
  • #8,213
  • Jul 26, 2024 3:12am Jul 26, 2024 3:12am
Quoting Mihisti
{quote} I believe, you can make 20% in one week The truth is that you definitely need to decrease the risk when your capital is growing. With 1000 EUR you can make all in with split entries risking in total 20-25%. But with 10.000 EUR this is a huge risk. If you loss 20% you need to make almost 40% profit to recuperate your loss. At 10.000 EUR the maximum I consider around 5% risk. And at 100k or 1 million..., I don't know, I am far away.
You have to plan for series of losses as well.
Statistics normal distribution, most results (95%) fall within 1 standard deviation, then you have both tails...2x 2,5%...
We watch the charts from every angle so you don't have to!!
  • #8,214
  • Jul 26, 2024 3:16am Jul 26, 2024 3:16am
Quoting axecap
M30 added more EJAY shorts.
very risky imo. On lower timeframe we already broke the downtrend and its correcting now. I am expecting a bigger correction if not a reversal to start from here. 169 seems a good target for buys but thats just my opinion ofc.
  • #8,215
  • Jul 26, 2024 3:21am Jul 26, 2024 3:21am
Quoting fontu
{quote} Take care , best of your luck ! {image}
SL be+1 and trailing, breakout TP
Holy Betting Grail strategy
  • #8,216
  • Jul 26, 2024 3:22am Jul 26, 2024 3:22am
Quoting Js3mwtRc
EUR/USD Traded at 1.0870 high yesterday before it failed lower to 1.0843 support and now is consolidating any gains it did after. 1.0900 is not far if it rises above the range and its possible but if it drops then the lower range of 1.0825/30 it created the previous days may not hold and then a drop to 1.0808/00 is not ruled out either. Daily volatility (range) 35 pips Option expiries for Friday: 1.0695 (EU742.7m), 1.0925 (EU538.3m), 1.0890 (EU478.4m) Source: financialjuice.com Significant news - US PCE, US Consumer Spending & University Michigan...
For now the price action shows it can drop below 1.0845 but if it avoids that number then 1.0865/70 looks good for a start. 1.0828/30 also is possible for the bear until news!
Looking for profitable short term trades ...|
  • #8,217
  • Jul 26, 2024 3:29am Jul 26, 2024 3:29am
Quoting axecap
M30 added more EJAY shorts. {image}
W1 oversold, it is risky.
We watch the charts from every angle so you don't have to!!
  • #8,218
  • Jul 26, 2024 3:38am Jul 26, 2024 3:38am
We might be stuck waiting for news to get us our TP's on gold . Was hoping to not have to hold during that but sometimes news can create the volume and volatility needed.
  • #8,219
  • Jul 26, 2024 3:38am Jul 26, 2024 3:38am
UJ bounce to 156.87?!
Looking for profitable short term trades ...|
  • #8,220
  • Jul 26, 2024 3:40am Jul 26, 2024 3:40am
Quoting Nvrmd
{quote} very risky imo. On lower timeframe we already broke the downtrend and its correcting now. I am expecting a bigger correction if not a reversal to start from here. 169 seems a good target for buys but thats just my opinion ofc.
Move down is reversal, now you could get pullback...followed by fast acceleration down 152.00
We watch the charts from every angle so you don't have to!!
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