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Cable Update (GBPUSD)

  • #853,501
  • Feb 8, 2025 9:54am Feb 8, 2025 9:54am
Quoting T721
{quote} {image}
do u have a discord??
  • #853,502
  • Feb 8, 2025 9:54am Feb 8, 2025 9:54am
Quoting Zebi
{quote} good photo...it resembles me ...I'm glad you didn't forget the picture this time did I unintentionally hurt your feelings by complimenting wavegarrik and overlooking your contribution to the thread?...is that what this is all about? don't whine too much into the pint of brewski at your pub you're fellow rugby teammates may cast a suspicious eye why you're such a baby don't forget the new policy about bullying people waverobski...you don't want to be next out that exit door LOL
don't worry about me I have my SHORT trade profits to keep me company...
  • #853,503
  • Feb 8, 2025 9:57am Feb 8, 2025 9:57am
Quoting Zebi
{quote} its the weekend so there's no trading and you're jumping into a conversation between me and roelsmajor...nobody like a pushy interloper waverobski
No trading ...
  • #853,504
  • Feb 8, 2025 10:25am Feb 8, 2025 10:25am
Like, if you're tired of a retarded fragile chihuahua posting pics and nothing about trading and constantly crying because of a 3 year old grudge
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Air force
  • #853,505
  • Feb 8, 2025 10:32am Feb 8, 2025 10:32am
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yes yes yes
  • #853,506
  • Feb 8, 2025 10:51am Feb 8, 2025 10:51am
Quoting W0lfram
Like, if you're tired of a retarded fragile chihuahua posting pics and nothing about trading and constantly crying because of a 3 year old grudge {image}
"Post of the Weekend".....
  • #853,507
  • Feb 8, 2025 11:00am Feb 8, 2025 11:00am
Hello everyone,

What do you think about the following analysis? This is the first time when I share my thoughts so please be gentle

So, we are are going up in wave C, extending the correction above the wave 4 giving the fact that we have a broken trendline or we are going down in wave 5 in which case we will have a fake breakout?
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  • #853,508
  • Feb 8, 2025 11:09am Feb 8, 2025 11:09am
Quoting W0lfram
Like, if you're tired of a retarded fragile chihuahua posting pics and nothing about trading and constantly crying because of a 3 year old grudge {image}
Great post let's expose these MF's
  • #853,509
  • Feb 8, 2025 11:21am Feb 8, 2025 11:21am
Quoting Aamir315
your advice is good. but where i should have to start. which currency pair will be good or gold is good or more . just guide me
Ok, EUR/USD is a good pair to trade because the spread is small and cheap and there are more interactive forums here on FF for EUR/USD than any other currency pairs for you to learn from.
Try trading 1:1 risk reward ratio, like 10.4 pips TP and 9.9 pips stop loss, then do not close the trade manually or adjust the TP or SL after it's activated. Do this with demo account or small live account (that you can afford to lose the money invested).
You will lose more at first because of lack of experience, but keep practicing until you get better at placing your trades strategically so you have a positive win rate (more than 50%). Then you can invest more money in it
You cannot fail if you never give up.
  • #853,510
  • Edited 12:17pm Feb 8, 2025 11:55am | Edited 12:17pm
Quoting Aamir315
your advice is good. but where i should have to start. which currency pair will be good or gold is good or more . just guide me
I suggest starting by flipping a coin 7 times, 7 trades, using 30-pip Stop Loss (SL) and 30 pips Take Profit (TP), entry after London Open, any currency (from 28 pairs), not gold not silver, exclusively for forex pairs (no other instruments). Risk 0.1% per trade, one trade at a time. Ensure you are proficient at converting percentage-based risk into pips to determine the correct lot size. For platform use MT4 and TF, ah use 30 M. That’s all for start. Good luck for many years after.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #853,511
  • Feb 8, 2025 2:49pm Feb 8, 2025 2:49pm
Quoting 7154Superman
{quote} I am aware of this principle of being responsible for my own reaction to all that happens to me, and I do try to abide by it, yet there are times when someone is capable of triggering me beyond my control, which is mental and emotional abuse. Usually I can hold my temper. It's almost impossible to trigger me. But it's very obvious that Nubcake does this deliberately for the purpose to cause harm. Such a person is a criminal at heart and should not be allowed to freely roam public forums such as this one to do as he pleases. Hence I do retain...
If a comment on a trading forum can trigger you, look inside and figure out how to break the trigger so no one can do this to you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #853,512
  • Feb 8, 2025 3:11pm Feb 8, 2025 3:11pm
Quoting RoelsMajor
{quote} I suggest starting by flipping a coin 7 times, 7 trades, using 30-pip Stop Loss (SL) and 30 pips Take Profit (TP), entry after London Open, any currency (from 28 pairs), not gold not silver, exclusively for forex pairs (no other instruments). Risk 0.1% per trade, one trade at a time. Ensure you are proficient at converting percentage-based risk into pips to determine the correct lot size. For platform use MT4 and TF, ah use 30 M. That’s all for start. Good luck for many years after.
Flipping a coin + exactly equal stop loss and TP? That's a recipe for continually losing over time, no matter what you do or how small your risk.
The only way to make consistent gains is strategic entries (learned from experience) and TP at least 11.12% more pips than SL.
Then if you can manage a consistent average win rate of more than 50%, your success is guaranteed.
You cannot fail if you never give up.
  • #853,513
  • Feb 8, 2025 3:17pm Feb 8, 2025 3:17pm
Quoting 7154Superman
{quote} Flipping a coin + exactly equal stop loss and TP? That's a recipe for continually losing over time, no matter what you do or how small your risk. The only way to make consistent gains is strategic entries (learned from experience) and TP at least 11.12% more pips than SL. Then if you can manage a consistent average win rate of more than 50%, your success is guaranteed.
Well, let's take this as a starting point, I’d say. So, he begins by flipping a coin, then tries your system with a -90% drawdown. After that, he might enter the actual trading world, and hopefully succeed. That’s all I meant. Just keep the risks really small for now.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #853,514
  • Feb 8, 2025 3:29pm Feb 8, 2025 3:29pm
Quoting 7154Superman
{quote} Flipping a coin + exactly equal stop loss and TP? That's a recipe for continually losing over time, no matter what you do or how small your risk. The only way to make consistent gains is strategic entries (learned from experience) and TP at least 11.12% more pips than SL. Then if you can manage a consistent average win rate of more than 50%, your success is guaranteed.
I guess u weren't listening to me last time so I wont mention this again

with your account size just "bracket" a candle... since you're American you don't even have to use a sl cause the other order that wasn't triggered will be the stoploss...understand?

so make your profit target small like 5 pips and ur sl will be the other side of the bracket order and you wont ever get urself mixed up in a hedge situation bein both long and short in the account ..or having to average down to save your ass like I had to beginning of janruary LOL

it works well on smaller timeframes not so much on hier ones
short trump and go long the deepstate
  • #853,515
  • Edited 6:10pm Feb 8, 2025 3:46pm | Edited 6:10pm
Quoting RoelsMajor
{quote} Well, let's take this as a starting point, I’d say. So, he begins by flipping a coin, then tries your system with a -90% drawdown. After that, he might enter the actual trading world, and hopefully succeed. That’s all I meant. Just keep the risks really small for now.
I agree about keeping the risk low, like trading demo or like $10 until you learn to consistently get more than 50% win rate.
But my understanding about flipping a coin (I've done it) is that you don't learn from it, so it's a waste of time and opportunities. And exactly equal SL and TP requires 55.6% win rate just to break even. So in that case, flipping a coin is guaranteed to lose money over time, no matter how small the risk.
I wish I started practicing my current system in the beginning of my trading journey over 5 years ago and stuck to it. I would be a multi millionaire right now.
That's what I'm hoping this new guy will do.
That -90% drawdown is something that is likely as a newbie until he learns to consistently get better than 50% win rate.
With a demo, that's ok. Even with $10. Not a problem. Then when he begins to consistently recover his % losses and making new highs, he can invest more money, knowing that his system is sound.
With decent trading experience using my 5% system, -35% drawdown is probably about as far as you will ever go. That's still amateur. At a professional level, no more than like -20% drawdown, if even that.
The key is making strategic entries.
That takes hands-on learning experience to get good at it.
You cannot fail if you never give up.
  • #853,516
  • Feb 8, 2025 4:04pm Feb 8, 2025 4:04pm
Quoting Zebi
{quote} I guess u weren't listening to me last time so I wont mention this again with your account size just "bracket" a candle... since you're American you don't even have to use a sl cause the other order that wasn't triggered will be the stoploss...understand? so make your profit target small like 5 pips and ur sl will be the other side of the bracket order and you wont ever get urself mixed up in a hedge situation bein both long and short in the account ..or having to average down to save your ass like I had to beginning of janruary...
Candles in themselves are fiction during dynamic price action.
It's better to view the price action as a wave pattern like the waves of the sea as well as being aware of the general direction of the main flow (trend) so you're not trying to swim upstream.
Once you get the feel of that flow + wave pattern, it's very easy to determine whether or not it's worth the risk of stop loss to try to catch a wave that's big enough to hit your TP. If it doesn't feel right, stay out until everything lines up. Just like surfing. How does a surfer get good at it? By understanding wave patterns and the general flow of the body of water + practicing until he gets it right. That's all we're doing, surfing the sea of Forex.
Also, account sizes have nothing to do with calculated risk like my system requires. $200 vs $200k accounts operate exactly the same with this system. That's why I'm developing this system so I don't have to reduce the risk later on with a larger size trade because of it feeling "scary".
You cannot fail if you never give up.
  • #853,517
  • Feb 8, 2025 5:05pm Feb 8, 2025 5:05pm
Quoting 7154Superman
{quote} I agree about keeping the risk low, like trading demo or like $10 until you learn to consistently get more than 50% win rate. But my understanding about flipping a coin (I've done it) is that you don't learn from it, so it's a waste of time and opportunities. And exactly equal SL and TP requires 55.6% win rate just to break even. So in that case, flipping a coin is guaranteed to lose money over time, no matter how small the risk. I wish I started practicing my current system in the beginning of my trading journey over 5 years ago and stuck...
From long ago until now, it's always been about practicing with a demo account, then moving to an intermediate live account, and finally a gaming prop trading account. To get a demo experience that feels like live trading, it’s okay—just treat it as a fun challenge. Buy a prop account for $100, $200, or up to $400, and trade as if you’re handling $25k, $50k, or $100k. Of course, the prop firm only pays if you pass their challenge and get some profit. I think it’s a bit waste of time to start with a $100 live account and hope to turn it into $1M. I don’t lose much if I fail with prop gaming account again and again. I don't want to risk minimum 25k for live account. Nada. There's a model trading that costs peanuts but can deliver explosive rewards—why let such an opportunity go to waste? Try it once for a month or two—it’s no big deal—or even a third of a year (every four months). Lel
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #853,518
  • Feb 8, 2025 5:15pm Feb 8, 2025 5:15pm
Quoting 7154Superman
{quote} Candles in themselves are fiction during dynamic price action. It's better to view the price action as a wave pattern like the waves of the sea as well as being aware of the general direction of the main flow (trend) so you're not trying to swim upstream. Once you get the feel of that flow + wave pattern, it's very easy to determine whether or not it's worth the risk of stop loss to try to catch a wave that's big enough to hit your TP. If it doesn't feel right, stay out until everything lines up. Just like surfing. How does a surfer get...

good to know you got it all figured out...good luck
short trump and go long the deepstate
  • #853,519
  • Feb 8, 2025 5:56pm Feb 8, 2025 5:56pm
Quoting RoelsMajor
{quote} From long ago until now, it's always been about practicing with a demo account, then moving to an intermediate live account, and finally a gaming prop trading account. To get a demo experience that feels like live trading, it’s okay—just treat it as a fun challenge. Buy a prop account for $100, $200, or up to $400, and trade as if you’re handling $25k, $50k, or $100k. Of course, the prop firm only pays if you pass their challenge and get some profit. I think it’s a bit waste of time to start with a $100 live account and hope to turn it into...
I would not recommend prop account trading to newbies. Most of them are scams. Plus their rules are too restrictive to be able to trade high enough risk to actually gain explosive compounding rates as well as explore your risk appetite to see how you respond to different scenarios. I did try demo accounts. It didn't give me the motivation I get to learn a successful trading system like a $100 live account does.
I make $200+ per day from my taxi/hauling business. So, I can afford to lose $100-200 in order to learn how to trade, then maybe later invest more once my trading system is rock solid with a high win rate.
I, myself, am not interested at all in spending my hard earned money for a trading account that only promises to pay me something if I pass the challenge.
I insist that starting with a small amount of $$ is the best way to learn until your win rate is good enough consistently for you to be confident with investing a larger amount that can easily change your life in a short time.
Besides, growing from $200 to $2 million within 2-5 years is absolutely fantastic and also very possible. I'd like to prove it. Give me time. Only people who were born rich or who have inherited unearned wealth do not appreciate the life changing effect this type of self sustainable, independent growth has on people who have never known wealth.
You cannot fail if you never give up.
  • #853,520
  • Feb 8, 2025 6:05pm Feb 8, 2025 6:05pm
Quoting Zebi
{quote} good to know you got it all figured out...good luck
To be honest with you, I already had all that "surfing the waves" figured out 3-4 years ago, but I didn't stick to it because I thought I could find something better than that. It turns out that was the best and most accurate type of trading observation I ever had. At that time, I didn't fully realize how good it was.
Now, after over 5 years, I have tried everything else that seemed to be a good way for me to trade and I have come back to this simple system I was aware of from the beginning, but was too impatient to be content with the process.
It's like the race between the tortoise and the hare. I was the hare and so I lost the race because I couldn't stick the landing, so to speak. Now, I will try the tortoise method. It's guaranteed to win, maybe not overnight, but in time it will succeed, and when it does, it can be scaled up indefinitely. It's the simplest law of physics.
You cannot fail if you never give up.
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