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Cable Update (GBPUSD)

  • #850,121
  • Jan 8, 2025 6:48am Jan 8, 2025 6:48am
Quoting MrFanciful
{quote} Shame I won't have any capital for it. After 8 years (1/5 of my life), still blowing accounts regularly.
completely understand mate been there before. Hopefully you can start again soon. Similar situation as you I’m trying to get my account to 3k so I can do small trades and bring in £100-200 a day on the yen pairs.
Insane in the Brain..
  • #850,122
  • Jan 8, 2025 6:51am Jan 8, 2025 6:51am
Quoting Moty
squeezy mf {image} {image}
GB50Y / super SELL ~> News for me pls
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  • #850,123
  • Jan 8, 2025 7:00am Jan 8, 2025 7:00am
Quoting BeeTogether
{quote} completely understand mate been there before. Hopefully you can start again soon. Similar situation as you I’m trying to get my account to 3k so I can do small trades and bring in £100-200 a day on the yen pairs.
Interesting, why the Yen pairs?
  • #850,124
  • Jan 8, 2025 7:05am Jan 8, 2025 7:05am
Quoting mallee
{quote} Interesting, why the Yen pairs?
I believe that if we look at it from the point of view of races for a strong economy and a pair that has a good oscillation compared to other economies.
  • #850,125
  • Jan 8, 2025 7:07am Jan 8, 2025 7:07am
Please follow @fxninja9744 on X. All stat pertaining to gbpusd is provided there.
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Data + Stat + Risk/Emotions Management
  • #850,126
  • Jan 8, 2025 7:08am Jan 8, 2025 7:08am
Quoting mallee
{quote} Interesting, why the Yen pairs?
they usually move more in a day. So £2 a pip and a 100 pip move is decent income. GU very rarely has a daily range of over 100 pips
Insane in the Brain..
  • #850,127
  • Jan 8, 2025 7:13am Jan 8, 2025 7:13am
One critical weekly level around the corner , may test it even 2300, still care here!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #850,128
  • Jan 8, 2025 7:14am Jan 8, 2025 7:14am
Check Losing Trades Guys damn
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MrNoBody Return Today: na
  • #850,129
  • Jan 8, 2025 7:16am Jan 8, 2025 7:16am
Quoting BeeTogether
{quote} they usually move more in a day. So £2 a pip and a 100 pip move is decent income. GU very rarely has a daily range of over 100 pips
There are 250+ trading days in a year and GBPUSD moves 100pips or less around 160 trade days... That's around 62% of the time.
Data + Stat + Risk/Emotions Management
  • #850,130
  • Jan 8, 2025 7:22am Jan 8, 2025 7:22am
Quoting Georginson
{quote} There are 250+ trading days in a year and GBPUSD moves 100pips or less around 160 trade days... That's around 62% of the time.
very well note that and what you have to say about gbpjpy's movements are also pleasant in the face of races.
  • #850,131
  • Jan 8, 2025 7:28am Jan 8, 2025 7:28am
Quoting BeeTogether
{quote} they usually move more in a day. So £2 a pip and a 100 pip move is decent income. GU very rarely has a daily range of over 100 pips
There's a reason for that. GU has 2 independent Reserve Banks running the show. Not so with the Yen. GL
  • #850,132
  • Jan 8, 2025 7:41am Jan 8, 2025 7:41am
I am sure many are cleaned up today. those that were holding for 1.30

Quoting Georginson
{quote} There are 250+ trading days in a year and GBPUSD moves 100pips or less around 160 trade days... That's around 62% of the time.
but it can move 400 pips today itself. dont compare history with today
  • #850,133
  • Jan 8, 2025 7:43am Jan 8, 2025 7:43am
Quoting BeeTogether
{quote} completely understand mate been there before. Hopefully you can start again soon. Similar situation as you I’m trying to get my account to 3k so I can do small trades and bring in £100-200 a day on the yen pairs.
I make it and the balance collapses, now I can't keep it above £20. £33,400 down the drain so far. Should have just put it in a S&P500 tracker.
  • #850,134
  • Edited 7:58am Jan 8, 2025 7:43am | Edited 7:58am
lets see who comes to rescue this today. I am 100% sure we may drop another 100 pips in this week. there seems to be some issue with UK which market knows
  • #850,135
  • Jan 8, 2025 7:49am Jan 8, 2025 7:49am
Quoting giveachance
lets see who comes to rescue this today. I am 100% sure we may drop another 100 pips today. there seems to be some issue with UK which market knows
Don't vote for socialists.
  • #850,136
  • Jan 8, 2025 7:53am Jan 8, 2025 7:53am
Quoting MrFanciful
{quote} Don't vote for socialists.
Hopefully the socialists and communists are surviving the dump.
  • #850,137
  • Jan 8, 2025 7:56am Jan 8, 2025 7:56am
Quoting MrFanciful
{quote} Shame I won't have any capital for it. After 8 years (1/5 of my life), still blowing accounts regularly.
What is the reason for blowing the accounts?

What is your money management strategy?

What is your entry method?

Are you method hopping or using the latest shiny indicator?

Are you focused on execution or profit?



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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #850,138
  • Jan 8, 2025 8:11am Jan 8, 2025 8:11am
I knew that you are squeezing mf
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yes yes yes
  • #850,139
  • Jan 8, 2025 8:13am Jan 8, 2025 8:13am
Quoting giveachance
I am sure many are cleaned up today. those that were holding for 1.30 {quote} but it can move 400 pips today itself. dont compare history with today
400+ pips or more happens less than 10 trade days of 250+ trade days in a year... That's less than 7% chance of occurrence.
Data + Stat + Risk/Emotions Management
  • #850,140
  • Jan 8, 2025 8:13am Jan 8, 2025 8:13am
Possible move up? 1.2447 ?
Anyone else in similar delima?
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