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Cable Update (GBPUSD)

  • #433,701
  • Jun 28, 2016 10:25am Jun 28, 2016 10:25am
Quoting Bones
all cool haha ,heres the actual author of his strategy http://www.telegraph.co.uk/business/...rank-abagnale/ {quote}
I'm really enjoying your sarcasm actually. Good day to you sirs. This is why I do not post here. Such distractions.
A 1 pip gain is better than a 1 pip loss.
  • #433,702
  • Jun 28, 2016 10:26am Jun 28, 2016 10:26am
Quoting Lock
About newbes. If you want to play tennis, well, you may start taking some lessons from your neighbor or in some club. Then, if you're fine, you may become a pro, after years, and start to play in some competition, maybe at a regional level, then national, then if you really are a master, at a global level. Problem here in the market, is that you have not such a possibility. When you start you are immediately "at a global level". Your competitors are the best in the world, like, for tennis, at Wimbledon. And if you want to survive you have to be...
Lighten up man, we all been newbies at sometime ..
  • #433,703
  • Jun 28, 2016 10:30am Jun 28, 2016 10:30am
Quoting Lock
About newbes. If you want to play tennis, well, you may start taking some lessons from your neighbor or in some club. Then, if you're fine, you may become a pro, after years, and start to play in some competition, maybe at a regional level, then national, then if you really are a master, at a global level. Problem here in the market, is that you have not such a possibility. When you start you are immediately "at a global level". Your competitors are the best in the world, like, for tennis, at Wimbledon. And if you want to survive you have to be...
I agree with your view. I have something valuable to add.

DON'T EVER TRY TO MOVE THE MARKET. LET THE MARKET DOES THE MOVES. THEN MAKE YOUR MOVE.

You can't move the market. The market will make moves. Up dan Down. And follow it accordingly.

Just like riding the waves. Don't try to fight it. You will be exhausted. Rather save your energy. And Ride with it.
  • #433,704
  • Jun 28, 2016 10:31am Jun 28, 2016 10:31am
a visual recap from last post

the very weak GB ref (cluster) at 13321 has been removed. After a brief attempt up, pit session started to liquidate overnight inventory that was 100% long. Now 13300 is round weak and the only support that could avoid a full retracement of the overnight activity is the current pit gap higher. Let's see if it could resist or not.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 269 KB
Ubi maior minor cessat
  • #433,705
  • Jun 28, 2016 10:35am Jun 28, 2016 10:35am
Quoting dean1star
{quote} Lighten up man, we all been newbies at sometime ..

Absolutely and I was the "newbe of the newbes" when I started. And, furthermore, I never had the luckyness to start my approach to trading with such a precise warning about what was going to happen to me in the near future. And this is exactly the reason why I like to share that knowledge right now with the upcoming newbes.
Ubi maior minor cessat
  • #433,706
  • Jun 28, 2016 10:37am Jun 28, 2016 10:37am
Quoting Lock
About newbes. If you want to play tennis, well, you may start taking some lessons from your neighbor or in some club. Then, if you're fine, you may become a pro, after years, and start to play in some competition... Problem here in the market, is that you have not such a possibility. When you start you are immediately "at a global level". Your competitors are the best in the world, like, for tennis, at Wimbledon. And if you want to survive you have to be good, immediately. So "newbes" could only do some useful thing here: massively study before...


Sound advice Lock. Btw, whatever a trader's level he or she needs to keep learning to trade better and to build a profitable trading edge. As past performance is not indicative of future results, is there any specific thing you've learnt recently that could help you trade better and you feel like sharing it with other FF members, share it at a lesson shared. Green pips to you.
Do your homework, follow the footprints of smart money
  • #433,707
  • Jun 28, 2016 10:43am Jun 28, 2016 10:43am
Any newbe here struggling to find simple effective strategy could try thread by lawgirl21 called Trade what you see - almost naked trading.
It is simple to understand and works very well.
FREEDOM IS SECURITY.
  • #433,708
  • Jun 28, 2016 10:44am Jun 28, 2016 10:44am
Quoting KeenPips
{quote} Sound advice Lock. Btw, whatever a trader's level he or she needs to keep learning to trade better and to build a profitable trading edge. As past performance is not indicative of future results, is there any specific thing you've learnt recently that could help you trade better and you feel like sharing it with other FF members, share it at a lesson shared. Green pips to you.
The way you use for trading is not relevant. The most important thing is how you feel with your system...
Try don't lose pants never...
  • #433,709
  • Jun 28, 2016 10:50am Jun 28, 2016 10:50am
Quoting KeenPips
{quote}Btw, whatever a trader's level he or she needs to keep learning to trade better and to build a profitable trading edge.
Well, It's absolutely true.

Quoting KeenPips
{quote}Green pips to you.
Thanks and I hope the same for you.
Ubi maior minor cessat
  • #433,710
  • Jun 28, 2016 10:54am Jun 28, 2016 10:54am
Reposting this here to warn others about this guy:

So, remember our resident n00b that had been ripping at me, and others, for trading (smartly may I add) during the UK referendum? I'll refresh your memory.

Quoting GJscalper
{quote} Would it be safe to say that you "banked" on luck. I mean think about high impact news being released and you go to sleep after. The reality is many of us like to "Monday morning"quaterback calls. A person can have all the experience in the world, but your experience or what you believe will happen place no role in what actually happens. In this event people were able to trade the crazy price action, where as in others we have seen people get locked out of their brokers. Clearly high impact news trading is pure luck and it gets away from...
Quoting GJscalper
{quote} This was his last post within this thread, and then the next one was "Look everyone, I am super master because I knew it would drop and here is my profit". However no trade explorer or anything third party source that the account was actually live, or that the trade was actually his. Ego and lying as a funny way of coming back to hunt peopole, which is why they never post their trade explorer, but only modified screenshots of their "accounts". If you are a high impact member, you should lead by example. Simply stating that you entered during...
Quoting GJscalper
Look at that 400 pip gap. Many account opened up margin called. Only even consider the call of someone unless they have a trade explorer. Many people are here to sell you subscription to their calls, but why would I do that when I can make more from PAMM service? You have to learn that the holy grail isn't real, but you being able to learn patterns is much higher than say a Monkey trading currency. Everything is in the charts. The only thing is you have to trade live as you backtested. In other words if you are looking at the 1m your only...
Our boy has gone radio silent for the last 24 hours or so. I haven't seen him on any threads. Even after I saw him taunting people on the GBP/USD thread yesterday.

And so, since I'm such a caring, loving guy, I thought I'd check up on him and his amazing trade explorer he always points to as a sign of his expertise. Yes, this:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-06-28 08.42.44.png Size: 130 KB


The lesson here, folks?

#1: Don't be a douche bag. The guy came out attacking me for no reason except the fact I posted a screenshot with my profits from a trade. The only reason someone gets angry at you for something like that is because they resent you and are jealous they can't do the same in their trading.

#2: When someone with very little history here on FF comes in and starts railing on anyone, let alone long-time, respected members of the FF community, be suspicious. This is not someone you should follow, trust, or believe has any skill. If they did, they wouldn't so clearly have something to prove.

#3: Karma is a bitch
check out my blog: forexmademillionaire dot com
  • #433,711
  • Jun 28, 2016 11:02am Jun 28, 2016 11:02am
Quoting hippiedog
Any newbe here struggling to find simple effective strategy could try thread by lawgirl21 called Trade what you see - almost naked trading. It is simple to understand and works very well.


Hippie, imho what a newbie, including me, needs is really to build discipline into his/her trading. There are thousands of ways to trade and system hopping is not advisable but getting and developing a functional system which the trader has mastered and is comfortable with and then putting behind it solid discipline. The No. 1 cause of trading failure is linked with self-destructive behaviours, aka lack of discipline.

KP
Do your homework, follow the footprints of smart money
  • #433,712
  • Jun 28, 2016 11:04am Jun 28, 2016 11:04am
Quoting KeenPips
{quote} Hippie, imho what a newbie, including me, needs is really to build discipline into his/her trading. There are thousands of ways to trade and system hopping is not advisable but getting and developing a functional system which the trader has mastered and is comfortable with and then putting behind it solid discipline. The No. 1 cause of trading failure is linked with self-destructive behaviours, aka lack of discipline. KP
Hey Keen, if you're new to FX I'd recommend checking out my blog. I do a daily writeup there for six pairs, including GBP/USD. I keep it pretty simple to understand and have gotten a lot of praise from those new to FX as well as advanced folks.

Patience is definitely key though, and I exercise that a great deal while waiting for the right setups.
check out my blog: forexmademillionaire dot com
  • #433,713
  • Jun 28, 2016 11:06am Jun 28, 2016 11:06am
a very stupid (newbe) question here: how to post the link to the trade explorer in this format:

Attached Image
Ubi maior minor cessat
  • #433,714
  • Jun 28, 2016 11:07am Jun 28, 2016 11:07am
Quoting Geppy
{quote} Hey Keen, if you're new to FX I'd recommend checking out my blog. I do a daily writeup there for six pairs, including GBP/USD. I keep it pretty simple to understand and have gotten a lot of praise from those new to FX as well as advanced folks. Patience is definitely key though, and I exercise that a great deal while waiting for the right setups.
Thanks Gepp, not new to FX trading. Been trading since 2011 with live accounts. I call myself 'newbie' for the heck of the discussion and because any trader that becomes a member of FF recently is seen by the 'senior guys/gals' as newbie. No hurts. Green pips to you.
Do your homework, follow the footprints of smart money
  • #433,715
  • Jun 28, 2016 11:08am Jun 28, 2016 11:08am
I support your view no idea why you pm me about sarcasm

Quoting aeternum
{quote} I don't usually post because I am very wary of what people here are posting and "predicting". But I can make no sense out of your image. Can barely see price action and there are tons of words, boxes, lines and colours that don't tell anything. Maybe this is profitable for you. But I would think that it's extremely misleading and bad for people looking for some guidance here. I guess you will probably say that I don't even post anything, I should have no rights to comment on your image. That's fine, really. The ones who are doing well, really...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,716
  • Jun 28, 2016 11:09am Jun 28, 2016 11:09am
Quoting KeenPips
{quote} Hippie, imho what a newbie, including me, needs is really to build discipline into his/her trading. There are thousands of ways to trade and system hopping is not advisable but getting and developing a functional system which the trader has mastered and is comfortable with and then putting behind it solid discipline. The No. 1 cause of trading failure is linked with self-destructive behaviours, aka lack of discipline. KP
Just for you. This is why I have stopped observing and posting on forums.

I got much better after I found my own trading style and strategy. Discipline is one thing. But the most important thing is that the system works for you. Even if you instil discipline and lose money, it defeats any purpose. Point is to come up with something that will get you money and stick with it and master it.

What I did was to clear my charts of EVERYTHING. Look at the charts and ask yourself what you plan to see. First thing I worked on is understanding support and resistance levels. So I started drawing lines. Then it got too messy so I removed them and updated only when PA breaks resistance / support.

Then I decided to add some indicators to give myself a feel of price action behaviour (this is really not necessary if you are good enough with PA like many others on this forum).

You just need to keep back testing and see how your strategy played out in the past. Then put it into play on a demo account for 1 - 2 weeks to test it out (if markets slow down, you may want to test for a longer time). After which, if you feel better, start small. I started with 0.01 lots and I am now progressing into 0.1 lots. It takes time but once you have confidence in your strategy and profits to work with, you can definitely do it.

Don't think too far and get started first. Good luck!
A 1 pip gain is better than a 1 pip loss.
  • #433,717
  • Jun 28, 2016 11:09am Jun 28, 2016 11:09am
Quoting Bones
I support your view no idea why you pm me about sarcasm {quote}
My apologies. I thought you were being sarcastic to me. Very sorry to you
A 1 pip gain is better than a 1 pip loss.
  • #433,718
  • Jun 28, 2016 11:13am Jun 28, 2016 11:13am
Quoting KeenPips
{quote} Thanks Gepp, not new to FX trading. Been trading since 2011 with live accounts. I call myself 'newbie' for the heck of the discussion and because any trader that becomes a member of FF recently is seen by the 'senior guys/gals' as newbie. No hurts. Green pips to you.
Copy that. Greenies to you too, my man!
check out my blog: forexmademillionaire dot com
  • #433,719
  • Jun 28, 2016 11:29am Jun 28, 2016 11:29am
Quoting aeternum
{quote} Just for you. This is why I have stopped observing and posting on forums. I got much better after I found my own trading style and strategy. Discipline is one thing. But the most important thing is that the system works for you... It takes time but once you have confidence in your strategy and profits to work with, you can definitely do it. Don't think too far and get started first. Good luck!
Thanks mate. Functional system well mastered and executed with discipline to build a profitable trading edge.
Do your homework, follow the footprints of smart money
  • #433,720
  • Jun 28, 2016 11:31am Jun 28, 2016 11:31am
Quoting Geppy
Reposting this here to warn others about this guy: So, remember our resident n00b that had been ripping at me, and others, for trading (smartly may I add) during the UK referendum? I'll refresh your memory. {quote} {quote} {quote} Our boy has gone radio silent for the last 24 hours or so. I haven't seen him on any threads. Even after I saw him taunting people on the GBP/USD thread yesterday. And so, since I'm such a caring, loving guy, I thought I'd check up on him and his amazing trade explorer he always points to as a sign of his expertise. Yes,...
jerk
When life gives you lemons, make lemonade
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