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Cable Update (GBPUSD)

  • #853,261
  • Feb 6, 2025 3:19pm Feb 6, 2025 3:19pm
Quoting JeremiaDa
{quote} why do you use mt4 (just curious) i see mt5 as more advanced
The best of the best for retail forex is MT4. There is no competition until now in every aspect, except if you are hired by an institution or trading for a specific institution.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #853,262
  • Feb 6, 2025 3:27pm Feb 6, 2025 3:27pm
Quoting Zebi
a close over that boe candle is bullish but a close above yesterday's open at 2475 on a day like a rejection of the boe rate cut is extremely bullish but I'm holding a full boat of longs so ill only add from momentum when price breakouts of that invH+S neckline I posted yesterday or day before my TDS sense keeps tingling stronger the more stupid shit trump says about gaza and tariffs so keep shorting the dollar {image}
we got ourselves a bullish close according to my system...its over that hourly BOE candle and closed above today's midpoint...after the shortcovering bulls didn't come in to buy and move price hier...they prolly waiting for NFP but my personal belief is it will come in red

I been mentioning an invH+S for days now and the neckline well there's also a resistance level going back 2 weeks to dec 19th I marked with a black line so if price breaks out tmoro on a weak NFP its gonna reach 2700 minimum next week with a measured target of the h+s of 2900

as long as the weekly candle closes above last weeks at 2391 the trend turn still good I think
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short trump and go long the deepstate
  • #853,263
  • Feb 6, 2025 3:32pm Feb 6, 2025 3:32pm
Quoting MoneyPrinte
GBPUSD 4hr swing for SHORT and 15minute for intraday LONG {image} {image}
FINALLY,,price respect the demand zone and bounce up for intraday long
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https://x.com/moneyprinte
  • #853,264
  • Edited 4:05pm Feb 6, 2025 3:41pm | Edited 4:05pm
Quoting 7154Superman
{quote} I've been trading live with $233.15 deposit for over a month now. I keep getting stopped out and haven't made any significant gains yet. Only about $29 profit at one point then lost it again. Net equity is currently $192.30. Still trying.... No demo right now. I guess I'd rather trade $10 live instead of demo.
Live can be profitable if you go through a good winning period. Demo, too, in the last 3-4 years, can generate profits if you experience a good winning period. The goal of trading is to make money, but if it's below the GDP per capita, current prices (Purchasing Power Parity; international dollars per capita) of each country per month, then it's still lacking (https://www.forexfactory.com/thread/...0#post15106270 click twice for zoom on image). Lel

This forex trading, wants to tell a thousand and one stories, but in the end, it's still about betting say $100 for $300. This is wisdom.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #853,265
  • Feb 6, 2025 4:16pm Feb 6, 2025 4:16pm
Quoting RoelsMajor
{quote} Live can be profitable if you go through a good winning period. Demo, too, in the last 3-4 years, can generate profits if you experience a good winning period. The goal of trading is to make money, but if it's below the GDP per capita, current prices (Purchasing Power Parity; international dollars per capita) of each country per month, then it's still lacking (https://www.forexfactory.com/thread/...0#post15106270 click twice for zoom on image). Lel This forex trading, wants to tell a thousand and one stories,...
Sure, but I'm happy with only 5% gain every day. Say, start with $100, and end the day with $105. Keep that up, compound it, and you will be a millionaire within a year. The tough part is winning more than you lose. If only...
You cannot fail if you never give up.
  • #853,266
  • Feb 6, 2025 4:21pm Feb 6, 2025 4:21pm
Quoting 7154Superman
{quote} Sure, but I'm happy with only 5% gain every day. Say, start with $100, and end the day with $105. Keep that up, compound it, and you will be a millionaire within a year. The tough part is winning more than you lose. If only...

be like waverobski and bracket candles.... i would just stay to little inside ones with order cancels order and a couple pip tp

I looked at his thread a while back and that seems to be what he does and calls it flipping a coin....

since ur American you wont get stuck in a hedge since we cant do that...but that's stupid cause one can sit in a big drawdown after aiming for just a few pips profit
short trump and go long the deepstate
  • #853,267
  • Feb 6, 2025 5:29pm Feb 6, 2025 5:29pm
Quoting 7154Superman
{quote} I've been trading live with $233.15 deposit for over a month now. I keep getting stopped out and haven't made any significant gains yet. Only about $29 profit at one point then lost it again. Net equity is currently $192.30. Still trying.... No demo right now. I guess I'd rather trade $10 live instead of demo.
And yet a year ago you were SO sure of yourself and I was so wrong to point-out how full of shit you are. You had this super-duper-pooper-scooper method that was just oh way too complicated for the little people to understand, because you, the failure of your family (just like zebi), were going to be a trading god in a month. That was a year ago.

GEE WIZZ IT LOOKS LIKE NUBCAKE WAS RIGHT, AS USUAL. What a total lack of surprise.

Good to know you are enjoying your humble pie. Eat up, fat boy.
Congratulations ScalaFX for coming out of the closet!
  • #853,268
  • Feb 6, 2025 5:32pm Feb 6, 2025 5:32pm
Quoting 7154Superman
{quote} Sure, but I'm happy with only 5% gain every day. Say, start with $100, and end the day with $105. Keep that up, compound it, and you will be a millionaire within a year. The tough part is winning more than you lose. If only...
Ah yes, still enjoying the aftertaste of delusion. How typical.

You 2 are probably related by some distant ape that fell out of a tree head-first.

Let us know in a month or 2 about your millions. Mind the pie-crumbs.
Congratulations ScalaFX for coming out of the closet!
  • #853,269
  • Feb 6, 2025 5:41pm Feb 6, 2025 5:41pm
For CPI to come down, you need a monthly reading lower than minus 6% next.
The next reading is likely up higher than 2.6%.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #853,270
  • Feb 6, 2025 5:41pm Feb 6, 2025 5:41pm
Quoting 7154Superman
{quote} I did have it all figured out. I made $970 profit real money, then withdrew everything because I needed it for a real life emergency situation. No implosion here. What I'm doing now is an upgrade from what I was doing. But I have to start from scratch again (demo first, then $100, then $200, then $700, ect. because I have no extra money to invest at the moment. The max I will invest this time is $1,000. That would be re-using the $970 profit I made last time + $30. So, nothing to lose here anymore. So, you're wrong about me. Again. For good...
Such an upgrade. Still counting monopoly money millions.

Love your work. Keep it up. xoxo
Congratulations ScalaFX for coming out of the closet!
  • #853,271
  • Edited 6:11pm Feb 6, 2025 5:57pm | Edited 6:11pm
Long GU

SL 13 pips. TP 114 pips. Risk 1 unit 0.71% = 38 pips.
Goode Luck!
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #853,272
  • Feb 6, 2025 5:59pm Feb 6, 2025 5:59pm
Quoting nubcake
{quote} Such an upgrade. Still counting monopoly money millions. Love your work. Keep it up. xoxo
nubcake...its really nice of u to keep stopping by
short trump and go long the deepstate
  • #853,273
  • Feb 6, 2025 6:54pm Feb 6, 2025 6:54pm
Quoting RoelsMajor
Long GU SL 13 pips. TP 114 pips. Risk 1 unit 0.71% = 38 pips. Goode Luck! {image} {image}
Stop loss hit, the next plan might switch polarity to sell.
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #853,274
  • Feb 6, 2025 7:00pm Feb 6, 2025 7:00pm
Quoting nubcake
{quote} And yet a year ago you were SO sure of yourself and I was so wrong to point-out how full of shit you are. You had this super-duper-pooper-scooper method that was just oh way too complicated for the little people to understand, because you, the failure of your family (just like zebi), were going to be a trading god in a month. That was a year ago. GEE WIZZ IT LOOKS LIKE NUBCAKE WAS RIGHT, AS USUAL. What a total lack of surprise. Good to know you are enjoying your humble pie. Eat up, fat boy.
Nope, you're actually completely wrong as usual. Back then I was trading without stop loss and averaging up/down as well as hedging among my 20 Oanda accounts. It was high risk and too much stress and time consuming but I didn't lose, even though the risk was high. I just quit temporarily because I needed time and energy for other things in life. Now I'm operating completely different. With stop loss. Only one account. One trade at a time, no hedge. Very little time and energy spent on trading since I am still very busy with my real life business, now more trucking than taxi since I have a full size pickup truck now running most of the time. I'm making more money now from trucking than ever before and also investing in crypto. This year is going to be crazy for crypto.
I'm just investing small in Forex right now, in both account size and energy/time.
So, because of the lack of time and energy to trade, I can't research and pick my positions very well so my stop loss tends to get hit a lot. I'm also getting winning trades, just not consistently enough yet to get ahead. YET... I'm still trying to get an edge to win more than I lose.
But I'm not all out losing or getting nowhere like you're insinuating. I'm learning. As I learn, I improve. With stop loss, I can't lose much. I've never consistently traded low risk with a stop loss until this year. I've been doing it this way with a live account now for over a month and I have survived. Lost very little. That's level 1. Since I started doing that, I have not lost anything significant because it's simply not possible with tight stops.
Now it's time for level 2. To start making more gains and say good bye to poverty and losses.
So shut your nasty trap and leave this thread. Begone, you worthless gnat.
You cannot fail if you never give up.
  • #853,275
  • Feb 6, 2025 7:09pm Feb 6, 2025 7:09pm
Quoting nubcake
{quote} Ah yes, still enjoying the aftertaste of delusion. How typical. You 2 are probably related by some distant ape that fell out of a tree head-first. Let us know in a month or 2 about your millions. Mind the pie-crumbs.
Nah, in fact, because of people like you, I don't consider it worth my time and energy to report my progress anymore, be it profitable or not.
That's why I haven't been talking even though I come here and read everything. So you will get nada you worthless nub-ape.
You cannot fail if you never give up.
  • #853,276
  • Feb 6, 2025 7:17pm Feb 6, 2025 7:17pm
https://www.forexfactory.com/attachm...1?d=1738782323
  • #853,277
  • Feb 6, 2025 7:25pm Feb 6, 2025 7:25pm
It looks like as long as we stay inside these lines, it's best to scalp, buy low, and sell high, with stop loss on the outside. Once price breaks out on either side and supports without entering back inside the line, then it's more likely to continue in that direction.
My guess is, it's likely to find support along the bottom line for the next few trading days, then break out up once the top line comes too close since it's so steep.
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You cannot fail if you never give up.
  • #853,278
  • Feb 6, 2025 7:33pm Feb 6, 2025 7:33pm
Be SuperTaxiTruckMan: I can make 5% a month and be a millionaire by tomorrow, but I drive a burnt-out truck carrying cans to the local refund center.
Congratulations ScalaFX for coming out of the closet!
  • #853,279
  • Feb 6, 2025 8:51pm Feb 6, 2025 8:51pm
Quoting 7154Superman
{quote} Sure, but I'm happy with only 5% gain every day. Say, start with $100, and end the day with $105. Keep that up, compound it, and you will be a millionaire within a year. The tough part is winning more than you lose. If only...
Super! 5% per day for 20 days, let's say without compounding, gets you 100%. But if you lose 5% per day, in 10 days, you're down 50%. You need 100% to recover a 50% loss. Loss and gain in finance are not the same in percentage terms, but using logarithms may help.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #853,280
  • Feb 6, 2025 9:02pm Feb 6, 2025 9:02pm
Quoting RoelsMajor
{quote} Super! 5% per day for 20 days, let's say without compounding, gets you 100%. But if you lose 5% per day, in 10 days, you're down 50%. You need 100% to recover a 50% loss. Loss and gain in finance are not the same in percentage terms, but using logarithms may help.
Yeah, that's not how I look at it.
I use 50:1 leverage.
My trade TP is +5% ROI (+10.4 pips in EUR/USD at current spot price area of 1.04).
My trade SL is -4.761% ROI (-9.9 pips)
So, if I lose one trade, then win one trade, I will be back to exactly B/E.
Do the math.
I can easily do 5 trades in a day if I spend enough time at it.
So if I lose 2, then win 3, I net 1 win, which is +5% ROI for those 5 trades in 1 day.
Or lose 1 and win 2. Same result.
Or if I win the first trade, I take the rest of the day off.
My struggle is to find the right spot to open a trade that's more likely to hit TP than SL and keep following this system, not allowing myself to get distracted by predictions, volatility or what ifs or greed.
Then if I manage to successfully gain that +5% ROI every day, and compound it, it will turn $100 into a million dollars in less than a year.
My current investment is $233.15.
I currently have a short position open on EUR/USD
My current net equity is $199.67.
You cannot fail if you never give up.
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