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Cable Update (GBPUSD)

  • #561,121
  • Nov 25, 2020 11:16am Nov 25, 2020 11:16am
Quoting nutgm5169
if cable not pass 1.3398 ..short
i would see 1.32X first
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  • #561,122
  • Nov 25, 2020 11:17am Nov 25, 2020 11:17am
Quoting Headland
{quote} pips mean nothing it's all about % of account risk (however many pips that is,) and, whether that risk sits comfortably with the the known variables/historical peformance parametres of your edge, (if you know them - which you should.) Eg If you have a 65% winning edge it would be no good risking say 5% because unless you can handle a 20% drawdown in the next 50 trades, which is the greater probability [with a 21.5% chance of having a 25% drawdown over the next same number of trades.] such a dd will destabilise you psychologically and cause...
i dont know trader who enter a trade with attitude of its ok if price go against me 150..
that me, shouldnt have to agree
  • #561,123
  • Nov 25, 2020 11:17am Nov 25, 2020 11:17am
Quoting OnlineAddict
{quote} Are you in GU shorts yet? Few weeks ago you said if it managed to go back to 3290, you would short blindly...now you have even a better entry.
True,I'm surprised it's there
no position yet ,but I'm looking for the sell
I think the markets are pretty messed up with all the stimulus around
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #561,124
  • Nov 25, 2020 11:20am Nov 25, 2020 11:20am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting Tunapar01
Guys I know this is off-topic, and I am directing this question to EU traders. Based on your experience, which realiable broker allows you to trade on MT4 ame allows you to up to 1:200 or 1:400 leverage?
ActivTrades
Studing..............
  • #561,125
  • Nov 25, 2020 11:21am Nov 25, 2020 11:21am
I think US Gov spending will be even higher than 60% for 2020
Uk they blown a fortune ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #561,126
  • Nov 25, 2020 11:38am Nov 25, 2020 11:38am
Uk spent 280 billion on it
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #561,127
  • Nov 25, 2020 11:53am Nov 25, 2020 11:53am
Quoting Tunapar01
Guys I know this is off-topic, and I am directing this question to EU traders. Based on your experience, which realiable broker allows you to trade on MT4 ame allows you to up to 1:200 or 1:400 leverage?

overview:
https://www.forexfactory.com/brokers

discussion
https://www.forexfactory.com/forum/74-broker-discussion
in wondering about yourself, you forgot what you came here to be part of
  • #561,128
  • Nov 25, 2020 11:54am Nov 25, 2020 11:54am
Quoting VM.
It can go either way today. It's FOMC, and market can drop USD like mad, or drop everything else like mad. If I had to bet, I would bet with GU bears, but the thing is, I don't have to bet and I am happy to stay away for the time being. By the way, a warning that most here probably don't need. Whatever is your view, don't use tight stop before FOMC announcement; swings of 50 pips in both directions are not uncommon.
Don’t really see it like we used to eh... fed already said rates staying where they are till 2022.

unless they surprise us with something ?
Que Sera
  • #561,129
  • Nov 25, 2020 11:58am Nov 25, 2020 11:58am
this is beginning to be annoying
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yes yes yes
  • #561,130
  • Nov 25, 2020 12:02pm Nov 25, 2020 12:02pm
2nd trade of the day

Taken from a SW
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Le$$ I$ More
  • #561,131
  • Nov 25, 2020 12:08pm Nov 25, 2020 12:08pm
Quoting Catempire
{quote} Don’t really see it like we used to eh... fed already said rates staying where they are till 2022. unless they surprise us with something ?
No way
  • #561,132
  • Nov 25, 2020 12:14pm Nov 25, 2020 12:14pm
Quoting Catempire
{quote} Don’t really see it like we used to eh... fed already said rates staying where they are till 2022. unless they surprise us with something ?
More/less quantitative easing.
Gloomier/happier view of economy.

I guess it should not be that big, but we don't know what market expects and whether it will be happy/disappointed.

Buy the way, it really looks like we will have no-deal, or at least talks breakdown.
  • #561,133
  • Nov 25, 2020 12:18pm Nov 25, 2020 12:18pm
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yes yes yes
  • #561,134
  • Nov 25, 2020 12:19pm Nov 25, 2020 12:19pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
looking shyly at 13405..
Studing..............
  • #561,135
  • Nov 25, 2020 12:20pm Nov 25, 2020 12:20pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting Moty
{image}
for today, it doesn't seem to me ..
Maybe tomorrow..
Studing..............
  • #561,136
  • Nov 25, 2020 12:28pm Nov 25, 2020 12:28pm
Quoting Rgkc
looking shyly at 13405..
maybe GU gets there...
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Always trade your own plan...I don't provide trading signals.
  • #561,137
  • Nov 25, 2020 12:31pm Nov 25, 2020 12:31pm
Sold Gu 1.3381
SL 1.3481
risk 1% of acc
  • #561,138
  • Nov 25, 2020 12:31pm Nov 25, 2020 12:31pm
Quoting VM.
{quote} More/less quantitative easing. Gloomier/happier view of economy. I guess it should not be that big, but we don't know what market expects and whether it will be happy/disappointed. Buy the way, it really looks like we will have no-deal, or at least talks breakdown.
For sure, writing has been on the wall for a while, they even have disclaimers and warnings all over government websites “brexit on 31st” etc, there’s never been any intention to do a deal & any deal would be far less healthy for U.K. than what we already have.

Very happy to short here, IF I get stopped out I open again higher up as others have said, it will plummet at some point... 700 pips in a day earlier in the year.

who knows.
Que Sera
  • #561,139
  • Nov 25, 2020 12:43pm Nov 25, 2020 12:43pm
Quoting Catempire
{quote} For sure, writing has been on the wall for a while, they even have disclaimers and warnings all over government websites “brexit on 31st” etc, there’s never been any intention to do a deal & any deal would be far less healthy for U.K. than what we already have. Very happy to short here, IF I get stopped out I open again higher up as others have said, it will plummet at some point... 700 pips in a day earlier in the year. who knows.
700 pips would be too much
  • #561,140
  • Nov 25, 2020 12:48pm Nov 25, 2020 12:48pm
Well looks like the bears have gone in hibernation early this year

1.35??
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