Cable Update (GBPUSD)

Quoting JeremiaDa

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{quote} email: [email protected]

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Quoting Waveskierrob

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The best way to shut someone up when they keep harping on is to ask them a question that they are unable to answer, try it, it works everytime...

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Quoting Zebi

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{quote} u forgot a picture to go along with the comment ...its not like u waverobski LOL

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Quoting 7154Superman

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{quote} TP got hit. Account balance is back to $200.20. It's bedtime now. Then I gotta drive my truck through NFP. See you tomorrow after. I may still be able to get another trade in.

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Quoting 7154Superman

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{quote} Well, I never managed to be available to trade during the volatile price action today, so I'll wait until Sunday evening/Monday to try again. So, today gets chalked up as a breakeven/no trade day. According to my chart, EUR/USD price action stayed inside the flag, so scalping is still the best option. Sell high, buy low. Note: I set those lines 2 days ago and they do not move. If we see price action going outside of those lines and holding outside, then that should begin a new trend in that direction. {image}

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Quoting W0lfram

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{quote} Hi, Superman Since gains and losses have reciprocal relationship 1.05*(1 - 0.04761) = 1 Your system can be simplified to 1:1 with 0.5(?) probability of win. I.e. unless the probability of win is >0.5, then you will remain with your initial capital, after name_the_number of trades (on average) You can expect to end a year with ~$70-130, $300 with tremendous amount of luck (0.1%) Are you sure the price will constantly hit your TP level sooner than SL?

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Quoting W0lfram

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{quote} Basically, what is your win rate? If 50% - it's no way. I took 55% and 1000 trades x 1000 simulations Whether you can maintain this exponential system for a long time and how your broker will react is another questions {image} {image}

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Quoting TooSlow

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{quote} One of the main problems in trading, and in life, is the focus on others.

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Quoting JeremiaDa

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{quote} don't forget the bank trader pdf too

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Quoting Mitiblotch

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{quote} Just as an update, that short yielded me 55 pips today. I hope you find that cutting edge system that makes you consistently profitable.

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Quoting 7154Superman

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{quote} Now you get the picture. That's exactly what I was talking about. As far as win rate is concerned, that depends on exercising proper intelligence, experience, patience, and discipline. Practice makes perfect. So yes, 55% win rate should be bottom line as an amateur. And since you're projecting 1 trade per day, and at 55% win rate, that's 0.6% ROI per day (or per trade) or basically finishing a +5% win cycle every 8 days or so, now what if I can average 2-5 trades per day at 55% win rate? That would increase the compounding growth dramatically...

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Quoting W0lfram

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{quote} I've used old template, forgot to fix days to trades. This was done for 1000 trades due to simplicity and, I would say, this is the correct way to state the problem in this case - bc of -4.761%. You have constant, desired outcome for a day - there is nothing to model -- initial_$*1.05^n So think of it as, equity of size S will be achieved after n trades with given probability values. How these trades distributed in time Literally, it could be any. I don't feel I'm ready to write a nested Monte Carlo simulations for a post...

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Quoting 7154Superman

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{quote} Yes, so Nubcake focuses on demeaning me and riling me up in whatever way possible when I'm simply minding my own business. So, if he would leave me alone, that would mean a lot to me.

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