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Cable Update (GBPUSD)

  • #853,301
  • Feb 7, 2025 1:22am Feb 7, 2025 1:22am
Quoting Moty
Come on down mf I am waiting for you {image}
Lol
I just wanted to scare you
It woeked
Now , Up up and away we go
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yes yes yes
  • #853,302
  • Feb 7, 2025 1:26am Feb 7, 2025 1:26am
Quoting Zebi
{quote} 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
You know the way you think you know where the market is going, well it's the same as you think you know the way I trade...so let's here your definition on hedging and averaging....this should be fun...
ps you can hedge in the US it's just that you havnt got the bus fare to work it out yet...
  • #853,303
  • Feb 7, 2025 1:30am Feb 7, 2025 1:30am
Quoting Fardeen1209
{quote} Then why even after a year, you still DREAMING about reaching $1,000,000 trading capital? Cause your meth maths aint mathing!
No, that's not why. The main reason I haven't gotten anywhere the last year is because I didn't stick to the trading because of being busy with trucking and trading demo and trying to figure out a decent stop loss system I can work with.
I have been dreaming about reaching a million dollars the way I am now since 5 and a half years ago when I first started trading Forex but have only lost money because of risky (no stop loss) trading.
But this last year, the reason I didn't get anywhere was because I hardly traded consistently. And even now that I have a system that I can work with, I still need to work on my patience and discipline in order to establish better trade positions that are less likely to get stopped out. My current system is the reason why I'm not losing money anymore. I'm holding steady. Now, I will continue to work on my patience and discipline in order to get better at placing trades at the right time. Then it will become easier to win more and lose less.
Once I can consistently win 5% ROI per day, then 2 million dollars is coming in 17 months or less. I will not invest any more money into Forex. I will only withdraw half the profit every time I net an additional 5% gain. I will never invest more money back in. If I want to invest, it will be into my trucking business and into crypto.
You cannot fail if you never give up.
  • #853,304
  • Feb 7, 2025 1:37am Feb 7, 2025 1:37am
Quoting 7154Superman
{quote} No, that's not why. The main reason I haven't gotten anywhere the last year is because I didn't stick to the trading because of being busy with trucking and trading demo and trying to figure out a decent stop loss system I can work with. I have been dreaming about reaching a million dollars the way I am now since 5 and a half years ago when I first started trading Forex but have only lost money because of risky (no stop loss) trading. But this last year, the reason I didn't get anywhere was because I hardly traded consistently. And even...
GL then
More time in the market, does not mean you trade better!
  • #853,305
  • Feb 7, 2025 1:39am Feb 7, 2025 1:39am
Quoting Meer-Shayhak
{quote} Dude there is no problem with your math but you need to consistently make 5 percent to achieve such goal ... I do not think it's possible to make money without losing in trading
Go back and read my above comments. I described how like if I do 5 trades and lose 2 of them, and win 3, that will net me 1 win of 5%.
Or lose one and win 2 gets the same result.
Or simply win the first one. Then the cycle starts over for the next 5%.
I can also get multiple 5% win cycles in one day, and sometimes it might take several days to complete a 5% win cycle. A cycle ends when I get 1 net win. Like 1 loss, 2 wins. Or 2 losses, 3 wins. Or 3 losses, 4 wins. Whatever it takes to get that extra win. Then the cycle restarts. If I withdraw half the profit after every 5% win cycle, then I will need 352 5% win cycles to reach $2.14 million, half in my trading account and half in my bank account.
If I can complete a 5% win cycle at an avg of once per day, then 352 win cycles would take 17 months to complete.
Never say it's impossible. Somebody could prove you wrong. Maybe I will. I will at least try. Why don't you try it with me instead of arguing??? You could get rich too.
You cannot fail if you never give up.
  • #853,306
  • Feb 7, 2025 1:42am Feb 7, 2025 1:42am
Quoting 7154Superman
{quote} No, that's not why. The main reason I haven't gotten anywhere the last year is because I didn't stick to the trading because of being busy with trucking and trading demo and trying to figure out a decent stop loss system I can work with. I have been dreaming about reaching a million dollars the way I am now since 5 and a half years ago when I first started trading Forex but have only lost money because of risky (no stop loss) trading. But this last year, the reason I didn't get anywhere was because I hardly traded consistently. And even...
GOOD LUCK with your system .....hope you achieve what your aiming for
  • #853,307
  • Edited 2:02am Feb 7, 2025 1:47am | Edited 2:02am
Quoting Fardeen1209
{quote} Do you know that through out history, the IGNORANTs always refuse to acknowledge the right path to seek the right knowledge? Deepseek {image} Now guess who is the illiterate??
I don't need to be versed in whatever scientific jargon that is to understand how compounding works. You're just not understanding how I'm looking at this system of compounding. You're thinking I will only trade once per day and try to win 5% every time. I will inevitably lose some trades. In that case, my growth would never compound at the rate I'm talking about. It would be much slower.
The key to the 5% daily compounding is for me to do multiple winning trades every day to make up for the losing trades so I would be able to net a 5% ROI every day.
Like if I have 2 losing trades of -4.761% ROI each, then I must win 3 +5% winning trades to net that +5% ROI for the day.
Do the math. You'll see.
Start with $100. Lose -4.761%. You end up with $95.24. Now win a 5% trade. You're back to exactly $100.00. Then win another one, and bingo, there is your +5% ROI for the day. Then you start a new cycle. This time, include the $5 you gained from that last winning trade.
Start with $105, and do it again. You can lose forever and you will never come to zero. Because every time your account size will be smaller so your loss will be smaller also. But you will ultimately have to win all that back +1 extra win to finish that +5% cycle before starting over. The more you lose, the longer it will take for you to win it back.
The key to making this easy is to wait for the perfect timing to enter a trade so you won't be likely to lose as much. If you get good at it, you could easily win multiple +5% trades every day. That will speed up that compounding so much more.
At 50:1 leverage on EUR/USD, all you need is 10.4 pips right now to get that +5% ROI.
It's like gambling except you're using your intelligence, experience, patience and discipline to get a predictive edge to reduce the odds of getting stopped out.
Let's start a contest using this system and see who can win the most. I doubt I would win the contest because I'm still struggling with patience and discipline.
Use screenshots or Trade Explorer to show results.
About 4 hours ago, my net equity was $200.18 on an open EUR/USD short. I set my stop loss (-4.761%) and TP (+5%) based off that 200.18.
The price came 0.8 pips close to my TP, then bounced. So, I'm still waiting for it to close either way. I will not close manually or add to the trade.
Let the best trader win.
It's all about catching the right position at the right time.
Intelligence, experience, patience and discipline.
You cannot fail if you never give up.
  • #853,308
  • Feb 7, 2025 1:49am Feb 7, 2025 1:49am
Quoting 7154Superman
{quote} Go back and read my above comments. I described how like if I do 5 trades and lose 2 of them, and win 3, that will net me 1 win of 5%. Or lose one and win 2 gets the same result. Or simply win the first one. Then the cycle starts over for the next 5%. I can also get multiple 5% win cycles in one day, and sometimes it might take several days to complete a 5% win cycle. A cycle ends when I get 1 net win. Like 1 loss, 2 wins. Or 2 losses, 3 wins. Or 3 losses, 4 wins. Whatever it takes to get that extra win. Then the cycle restarts. If I withdraw...
I meant it's not possible to make 5 percent of your capital daily ..... You may face somedays where you might lose 5 percent
  • #853,309
  • Edited 2:06am Feb 7, 2025 1:51am | Edited 2:06am
Same too early too strong bounce approach ! Not reliable !Watching breaks and hold previous high 2456 ,if not tanking to same 2380 possible !
Failure top may starts with signals 2435 and 29 breaks down!
Earliest signal 2440
So scalping short may try with sl 2459 to see !
And if breaks and hold 2456 then long next!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #853,310
  • Feb 7, 2025 2:01am Feb 7, 2025 2:01am
GJ trying 189 rejected yesterday however if it does crack then next target is previous support 190. 189 didn’t prove to be a support yesterday
Insane in the Brain..
  • #853,311
  • Feb 7, 2025 2:04am Feb 7, 2025 2:04am
Quoting Moty
{image} {image} {image} {image}
Moty! We are going down today on GU from here... At least 100 pips to the downside..
Market Structure is the King.....
  • #853,312
  • Feb 7, 2025 2:07am Feb 7, 2025 2:07am
Quoting MoneyPrinte
{quote} FINALLY,,price respect the demand zone and bounce up for intraday long {image}
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https://x.com/moneyprinte
  • #853,313
  • Feb 7, 2025 2:08am Feb 7, 2025 2:08am
Quoting Faheem.
{quote} Well Bro I am sure u have good ability to chart reading butt in my opinion it should go down Thats why I traded it sell side. Lets see. I'll be very thankful if u correct me if some where I am wrong ... {image}
Holding same sentiment with you trading inside 15 min.

Already short @ 1.2440... TP 1.2320/30
Market Structure is the King.....
  • #853,314
  • Feb 7, 2025 2:08am Feb 7, 2025 2:08am
Quoting RoelsMajor
{quote} It looks like there is a lot of support for GU today. There's also a convincing pattern for going long again. But it's Friday, and the direction is usually unclear. {image}
LONG GU
SL to BE+1
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #853,315
  • Feb 7, 2025 2:16am Feb 7, 2025 2:16am
G/M, long lower-wicked bearish-bodiedengulfingdly candle y/day after the post Uk Boe/Mpc dly lo, kinda a hammer? Today so far, a dip down continued to the asian lo, and early London have bought it for a 1st upside b/o of the asian hi.

1hr below
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Trader with an Edge.
  • #853,316
  • Feb 7, 2025 2:17am Feb 7, 2025 2:17am
Quoting RoelsMajor
{quote} From strategy statistics, we can determine the profit or loss range from negative to positive. With a 57% win rate, it ranges from -7% to 7%. With a 67% win rate, it could be from -3% to 9%. That’s just math, sir, not compounding. It’s an old psychological approach (compounding hope math) with unclear accuracy, and maybe useful for lulling investors to sleep, especially in the stock market world. Richard Dennis once achieved a 120% annual compounding return during his peak period. However, he later failed to sustain his success and eventually...
Take note, I have a $200 account, not a $100k account. And my system only needs a win rate of just a little over 50% for you to compound like I'm talking about. Why aim for 6% per month when I can aim for 150-200% per month and achieve it? It doesn't make a difference whether your account is $200 or $100k, the compounding math and risk is exactly the same.
The thing is though, at a certain point like when your trade size reaches a few million dollars, Forex brokers will reduce your leverage because they cannot infinitely cover a growing multi-million dollar account with 50:1 leverage. That's when your +5% ROI trade will be reduced to like +3.3% ROI for the same amount of pips. If your account keeps getting bigger, the leverage will keep getting reduced to be able to gain like +2.5%, then +2%, +1%, to +0.1% for 10.4 pips EUR/USD, which would be so minimal that you would be better off trading stocks and crypto at that point and just trade Forex at the amount they will allow 10:1 leverage. When the leverage reduces, that's when the compounding growth will slow down dramatically. But at that point you will already be in the millions, so you won't care. And also, your trading skill will be so good that you will be more efficient and lose less and win more.
You cannot fail if you never give up.
  • #853,317
  • Feb 7, 2025 2:18am Feb 7, 2025 2:18am
Quoting TooSlow
Is it possible to have civilized debate and discussion WITHOUT ad hominem attacks and name calling?
Yes, please. Say that to Nubcake. I wish he would leave.
You cannot fail if you never give up.
  • #853,318
  • Feb 7, 2025 2:18am Feb 7, 2025 2:18am
Quoting Mitiblotch
Short 2440. TP 2280 for 160 pips.
Closed this at 2428 for +12 pips. Short again at 2445.
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  • #853,319
  • Feb 7, 2025 2:30am Feb 7, 2025 2:30am
Quoting Meer-Shayhak
{quote} I meant it's not possible to make 5 percent of your capital daily ..... You may face somedays where you might lose 5 percent
You're wrong there. I have already made +5% ROI every day for multiple days. But then I did also have losing days that prolonged the cycle to get to the next +5% win. I got reckless and screwed up my progress because of that. I'm not good at it yet. I'm still learning and trying to establish better patience and discipline when determining when and where to enter a trade.
What I'm trying to achieve is to get better at opening my trades at the right times so I won't lose as often compared to winning, so then I will be more likely to make +5% ROI every day.
I never said it's easy, but it's definitely possible, depending on your intelligence, experience, patience, and discipline.
Once you become a master at it, it will become easier to get that +5% every day, and potentially make even more than that.
You cannot fail if you never give up.
  • #853,320
  • Feb 7, 2025 2:36am Feb 7, 2025 2:36am
Quoting 7154Superman
{quote} Take note, I have a $200 account, not a $100k account. And my system only needs a win rate of just a little over 50% for you to compound like I'm talking about. Why aim for 6% per month when I can aim for 150-200% per month and achieve it? It doesn't make a difference whether your account is $200 or $100k, the compounding math and risk is exactly the same. The thing is though, at a certain point like when your trade size reaches a few million dollars, Forex brokers will reduce your leverage because they cannot infinitely cover a growing...
im so confused why anyone would have a system like this, for example my system is 1 to 5 rr my win rate is about 30% over 100 trades, but even tho its low I could loose 5 trades and then win 1 and be fine and yes loosing periods are common for everyone in trading, however with your set up if you loose 5 trades in a row that's a quarter of your account gone and idk why your obsessing over having one million, why not focus on having 1000 first then 10000 then 100000 seen as tho rn you have 200
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