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Cable Update (GBPUSD)

  • #847,581
  • Dec 6, 2024 1:40pm Dec 6, 2024 1:40pm
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There will be a jerk now.............................

  • #847,582
  • Dec 6, 2024 1:54pm Dec 6, 2024 1:54pm
Quoting Pat Chiko
Pink Floyd - "Another Brick in The Wall " 1979 gem song. School system that prioritizes conformity and obedience over creativity and individuality. Lines like "We don't need no education" and "Hey! Teacher! Leave them kids alone!" point to the dehumanizing nature of overly strict and mechanical teaching methods. https://www.youtube.com/watch?v=W0bi7OfaKMY That's why we see traders don't understand trading sytem and always ended up blaming "others" - system or somebody. Get some education before blaming anything in life..................
My favorite group of all time. Thanks for the video, Pat.
Observation is the path to discovery.
  • #847,583
  • Dec 6, 2024 3:04pm Dec 6, 2024 3:04pm
for u all keeping score at home as long as price closes above that line from nov 29th daily close its still bullish so keep buying dips


I'm staying long since I have faith trump gona tweet stupid shit over the weekend that will cause dollar to fall next week LOL
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short trump and go long the deepstate
  • #847,584
  • Dec 6, 2024 3:19pm Dec 6, 2024 3:19pm
USD:
Monthly hitting resistance from a wee while back.
Daily giving a good signal for bears
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Compulsions can be hard to resist
  • #847,585
  • Dec 6, 2024 3:28pm Dec 6, 2024 3:28pm
Average earnings UP
Employment numbers UP
UN-Employment rate UP

fewer part time jobs, more full-time jobs??

The market thinks rates will keep dropping.
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Compulsions can be hard to resist
  • #847,586
  • Dec 6, 2024 5:15pm Dec 6, 2024 5:15pm
Quoting Godspromise
{quote} Exactly so I got so cocky i increased a couple lots sizes same trades same rules but yeah when I could have manage risk on the bad trades overisking cause higher losses than usual so I'm not back to square one but I had to take a break to stop revenge trading man I'm in a big winner right now just holding then I'll resume my regular journalling of trades I still want to reach 50k but I gotta get these emotions under control it's ruff man
Something you can do, which is something I always do, is to also apply rules to how your scale up and down with your trades sizes. Lets take your 50k number as an example.

Lets say you risk $500 on a trade, at a lot size 0.50. You have a 10 trade winning streak and you bring your balance up to 55K. Now you can take the same trades according to your plan at 0.55 lots.

But this must go the other way as well...

Lets say you have a 10 trade loosing streak and bring your balance down to 45k. You must now trade according you your plan at a lot size of 0.45.

The trading plan never changes, because you know it works from your 20 test trade sample sizes and your back testing.

Doing this eliminates emotion from your sizing, reduces your risk in a loosing streak, increases your gains in a winning streak, compounds your account, and keeps you in the game, well, forever!

Hope it helps
Emotional Control. Process, not outcome.
  • #847,587
  • Dec 6, 2024 5:33pm Dec 6, 2024 5:33pm
Quoting Zebi
{quote} i had to get up off the couch to take a pee I think price will close inside that shaded area today and retest today's highs next week go GU bulls go {image}
am I afreaking better rock star than pink floyd and supertramp or what LOL
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short trump and go long the deepstate
  • #847,588
  • Dec 6, 2024 11:17pm Dec 6, 2024 11:17pm
Quoting Coreg2004
{quote} Pat, which album do you like the most? {image}
sheepfloyd
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  • #847,589
  • Dec 7, 2024 3:01am Dec 7, 2024 3:01am
Quoting trumps
USD: Monthly hitting resistance from a wee while back. Daily giving a good signal for bears {image} {image}
checking usdx , weekly/ monthly retest pullback support may to bull back next ! weekly last a doji indecision !daily tf , one limit 105.34 intact . not that important if breaks even next as real limit here 104.51. daily breakout down but not any enough tl support present next even!daily able to close above 106, is bullish for next days ! may correction 1 leg be over even to run b near top ! any bull very well preserved usdx and to see more consequences over to to see how unfold next !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #847,590
  • Dec 7, 2024 5:59am Dec 7, 2024 5:59am
Quoting Zebi
{quote} could you please post the name of that vhannel indicator or a link to download it it worked good for the guy that first demonstrated it couple years ago tho i forgot if it repaints or not the lines in the future
Hi, sorry for the delay, I had gone offline y/day when you posted this. Yeah, that indicator - I have attached below, (I only have the .ex4 file for MT4.) I have had it on my trade entry/exit trigger charts (all t/f's 1min upwards) for a few months now, and have been observing how it might fit-in with/enhance my existing edge's repeating set-ups. Gonna start documenting a sample (s) in January, and then decide when have enough empirical/documented evidence whether to keep it on the charts or not.

I can't tell you much about it really other than I have it on default settings and a breech outside of the channel might indicate a pullback to it/inside it at some point particularly when the channel is flat (ish,) - but this is observational/anecdotal evidence only.

Good luck with it.
Attached File(s)
File Type: ex4 HolyChannel.ex4   13 KB | 213 downloads
Trader with an Edge.
  • #847,591
  • Dec 7, 2024 7:03am Dec 7, 2024 7:03am
Can we disable who is following us or there were lots of sim accounts that got banned recently and someone lost his/her/AI-chat-bot-answering-machine/photoshop-expert “red” badge?
How to succeed in zero sum game?
  • #847,592
  • Dec 7, 2024 7:30am Dec 7, 2024 7:30am
Quoting dempire1
Can we disable who is following us or there were lots of sim accounts that got banned recently and someone lost his/her/AI-chat-bot-answering-machine/photoshop-expert “red” badge?
Tamagotchi glitches. It ignore-->unignore it's followers, keeping loyal ones. idiots subscribing again
Air force
  • #847,593
  • Dec 7, 2024 9:42am Dec 7, 2024 9:42am
Ask for proof!

https://www.reddit.com/r/Forex/comme...forex_trading/


#aiChatBot #photoshopExpert #impersonatingHedgeFundTrader #uberDriver #burgerKing #cantTradeDowTheoryTheRightWay
How to succeed in zero sum game?
  • #847,594
  • Dec 7, 2024 11:19am Dec 7, 2024 11:19am
Quoting Wavegarrick
{quote} Bitty boom boom was a 108 smackaroo loss. In with a buy trade at 98301 s/loss at 93625. Cheers. {image}
BTC Price currently just below 100 000, however a daily or weekly close above or below will change the dynamics. I am positive for a breakout. We shall see. Market makers are aware of this and will want to make it funking difficult.
Cheers
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Trade to trade another day
  • #847,595
  • Dec 7, 2024 11:26am Dec 7, 2024 11:26am
Quoting dempire1
Ask for proof! https://www.reddit.com/r/Forex/comme...forex_trading/ #aiChatBot #photoshopExpert #impersonatingHedgeFundTrader #uberDriver #burgerKing #cantTradeDowTheoryTheRightWay
hey... dont say that.
he is a philanthropist who donates most of his profits to the poor residents of Gaza, may God have mercy on them, so innocent.
  • #847,596
  • Dec 7, 2024 11:56am Dec 7, 2024 11:56am
Quoting Whale
{quote} hey... dont say that. he is a philanthropist who donates most of his profits to the poor residents of Gaza, may God have mercy on them, so innocent.
what, who?
How to succeed in zero sum game?
  • #847,597
  • Dec 7, 2024 12:17pm Dec 7, 2024 12:17pm
Quoting dempire1
{quote} what, who?
exactly
  • #847,598
  • Dec 7, 2024 12:18pm Dec 7, 2024 12:18pm
Quoting Whale
{quote} exactly
You’re dumber than I thought holy cow
How to succeed in zero sum game?
  • #847,599
  • Dec 7, 2024 12:53pm Dec 7, 2024 12:53pm
Some M5 areas I'll be watching over the coming days:

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  • #847,600
  • Dec 7, 2024 1:20pm Dec 7, 2024 1:20pm
Quoting dempire1
{quote} You’re dumber than I thought holy cow
you are very smart uberdriver, why cow? Sheep.
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