Hi Joe, appreciate the encouraging words. I feel like I have my strategy down now. A lot of my losses were down to silly mistakes I assume most traders make in the beginning, trading when spreads are large, too tight SL, over trading, no patience. ...

Cable Update (GBPUSD)

Nice I've only been in the game 4 months. I was down 40% within 2 months. Now only down 15%, hoping to hit break even by the 6 month mark but if it doesn't happen then that's fine too. 89% win rate is insane whats your RR?

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Do you succeed in meeting your target on average? If so, nice.

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See at the moment I'm using TV for coding the bot. Pinescript is just 1000x easier to learn than MQL. Problem is the historical data, only goes back a month on the 15m timeframe. At the moment I've just been checking my script every month and ...

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Yeh I just posted on the forum but baso got told its only possible on MT4 by a contributor. I might just start plotting weekly pivots and S/R myself each week.

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Yeh my biggest problem is the pivot points, I tend to keep it on daily but then I only just realised we hit weekly S1 hence the resistance we are having.

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Your the lambo guru of forex factory, I'm not gonna learn anything from you.

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So no answer basically?

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Why are all your losing trades losing you less in % terms against your winners when the pip amounts are the same. You just know before the trade that your loser is gonna be a loser? It makes no sense.

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Yeh I use IG, MT4/MT5 confuses me tbh. I prefer something im familiar with. I'm in the process of making an EA that I use on MT4 but aside from that I hate the look of it. If I could make an EA on IG I would. Another annoyance with IG is they only ...

Cable Update (GBPUSD)

True but its the only reason the market moves. Brexit, economic data and other fundamentals or technical analysis may influence the number of buyers and sellers but when it comes down to it that's all it is. That's why I wish my broker provided ...

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Or just the simple reason that their could be more buyers than sellers.

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It doesn't. I guess in the UK more-so because we are more import based but China have been trying to depreciate their currency for years to allow for better exports.

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Economy and exchange rate are two separate things and their are forces pulling it either way. A good economy doesn't necessarily mean currency will appreciate.

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Don't really understand the rally. Assume it will be short term. Rates didnt change and QE was more than expected which depreciates a currency...

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But it's not, he probably doesn't even have a live account. If he did he'd have it on his trade explorer. He's here to scam people its clear as day.

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Aiming for S2, hopefully before news comes out. Would rather be out of any trades for that.

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Hes hunting pips!

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Aren't most institutional traders trading on longer time-frames? I can understand the logic of closing before the weekend so expecting some counter trend action on the Friday but not during the week. I could be wrong just genuinely curious.

Cable Update (GBPUSD)

Took profit at S1. Done for the day, will probably stay out til the news tomorrow but we will see if an opportunity arises.

Cable Update (GBPUSD)