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Cable Update (GBPUSD)

  • #650,681
  • Feb 2, 2022 3:22pm Feb 2, 2022 3:22pm
possible reversal , i am out !!!
finished the with 103 $ profit from 180 $ deposite
row waiting for a new set up tomorrow
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yes yes yes
  • #650,682
  • Feb 2, 2022 4:15pm Feb 2, 2022 4:15pm
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POSTMASTER
  • #650,683
  • Feb 2, 2022 4:17pm Feb 2, 2022 4:17pm
Quoting Robinhood1
So far, drawdown: 65,60 and 35 pips. Aiming for around 590 pip profit
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POSTMASTER
  • #650,684
  • Feb 2, 2022 4:28pm Feb 2, 2022 4:28pm
Quoting here2there
{quote} It is becoming more and more apparent certain US government agencies do not want common people to succeed in America. In other words, they don't want us sitting at the same table as the rich. As for the idea of having two accounts, that certainly is a solution, but it is still a hassle. And it doesn't completely solve the problem with FIFO. For example, I can place multiple orders of the same lot size, but I can only close out the trades in the order they were placed.
I don't think the issue was them not wanting common people to succeed, I think it was their concern about retail trading being too risky, as too many people were blowing up. Something that hasn't changed, and won't change despite the regulations. It's in human nature to be reckless when you don't have a clue what you're doing, and start gambling. That's why they reduced leverage too at the time from 400:1 to 100:1, (I don't know what it is now in the US). I think it was Dodd-Frank regualation or something back then, initiated by Obama, in order to protect people from themselves, as the 2008 financial crisis was still a fresh memory. Obviously we know that retail had absolutely nothing to do with that, yet regulations only affected us. I only paid attention at the time because I had an account with a US broker. Now Canadians are shut out from the US, and mostly everywhere else in the world, (except NZ, but that might change soon).

Someone can correct me if I'm wrong, I thought Dodd-Frank was repealed by Trump. Or he was going to do it. I don't know, I don't pay attention. It doesn't apply to me anymore anyway.

As far as FIFO, I have no idea how to get around that.
  • #650,685
  • Feb 2, 2022 4:33pm Feb 2, 2022 4:33pm
Tomorrow should be a short the rally day...let's see

looking to sell gbpusd 3609 and 3621
looking to sell eurusd 1337
COT: The precious data ignored
  • #650,686
  • Edited 5:06pm Feb 2, 2022 4:36pm | Edited 5:06pm
Month of February
Cable back in the Zone. D1
Where do we go from here? Hmm
I see levels (1.3553 - 1.3600) for now.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #650,687
  • Feb 2, 2022 4:53pm Feb 2, 2022 4:53pm
Quoting here2there
{quote} It's a slow grind up. Where it will stop, nobody knows. But it can't go up forever, nor can it go down forever.
I think it's pretty obvious where it's going, in the interim at least. On Friday it might change.
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  • #650,688
  • Feb 2, 2022 4:57pm Feb 2, 2022 4:57pm
Quoting fxpipper
{quote} I think it's pretty obvious where it's going, in the interim at least. On Friday it might change. {image}
Hi mate, sadomasochism at GU?
You are starting to be my best indicator
POSTMASTER
  • #650,689
  • Feb 2, 2022 5:12pm Feb 2, 2022 5:12pm
Quoting Robinhood1
{quote} Hi mate, sadomasochism at GU? You are starting to be my best indicator
Actually I think it reversed. Exploded one pip to the downside!
  • #650,690
  • Feb 2, 2022 5:17pm Feb 2, 2022 5:17pm
Quoting fxpipper
{quote} Actually I think it reversed. Exploded one pip to the downside!
I suscribed to you. Every time you give a direction, i ´ll do the opposite, garanteed 100%. I would have never thought i would create indicator "fxpipper"
POSTMASTER
  • #650,691
  • Feb 2, 2022 5:23pm Feb 2, 2022 5:23pm
Gann fans
POSTMASTER
  • #650,692
  • Feb 2, 2022 5:26pm Feb 2, 2022 5:26pm
Quoting Robinhood1
{quote} I suscribed to you. Every time you give a direction, i ´ll do the opposite, garanteed 100%. I would have never thought i would create indicator "fxpipper"
How sweet of you.
  • #650,693
  • Edited 6:20pm Feb 2, 2022 5:42pm | Edited 6:20pm
Quoting fxpipper
{quote} How sweet of you.
Don't bother mate, he is a manchild with a low iq. GU long term direction is up, i should have even bought this back in December, hundreds of pips could be collected, but there is still much room for GU to go up if BoE doesn't make a dovish surprise tomorrow.

It's better to ignore him, everybody in GU thread is tired of him. He just keeps attacking people and he gives no info, he generally does nothing but shitposting.
You have to have an IQ higher than 90 to interact with this user.
  • #650,694
  • Feb 2, 2022 5:45pm Feb 2, 2022 5:45pm
One more thing before i go Gann fans, watch the 73.2º

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POSTMASTER
  • #650,695
  • Feb 2, 2022 5:46pm Feb 2, 2022 5:46pm
Good night darling, forgot about you, carry on tomorrow
POSTMASTER
  • #650,696
  • Feb 2, 2022 5:51pm Feb 2, 2022 5:51pm
Quoting here2there
{quote} It is becoming more and more apparent certain US government agencies do not want common people to succeed in America. In other words, they don't want us sitting at the same table as the rich. As for the idea of having two accounts, that certainly is a solution, but it is still a hassle. And it doesn't completely solve the problem with FIFO. For example, I can place multiple orders of the same lot size, but I can only close out the trades in the order they were placed.
Can you elaborate on "more and more apparent"? This rule has been in place for lets say 13 years.

I get it, traders have an opinion on this but do you realize your fussing about something that was implemented back in 2009?

Here it is: My thoughts and my thoughts only, not meant to be disrespectful in anyway.

1. If you have not been profitable in this business for 3 years in a row or more, then you should not even be thinking about FIFO, Hedging/Multiple Accounts. If you are a US client then abide by the Compliance Rule until you dont have to. If you are coming into this business with a large amount I still suggest being profitable for 3 years in a row or more.

2. You are already sitting at the table, you just dont know it yet and if you dont get your head on right you will loose that seat you have.

3. Hassle? Its not easy man. Tackling fundamentals, price/charts, late nights, early mornings, not being able to sleep, managing your physical and mental game, punching a hole in your monitor, arguments with loved ones, friends and possibly some family dont believe in you, managing multiple accounts, etc.....its all a hassle, its all hard work, its all uncomfortable.

You turn most of that hassle around through SUCCESS though. I say most because some things are just meant to stay uncomfortable.

Take it for what you will, FIFO has no control on your success in this business.
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #650,697
  • Feb 2, 2022 5:52pm Feb 2, 2022 5:52pm
Hey guys. Your fundie guy is here. As you know we have BoE monetary policy decisions incoming. So let's take a look at the possibilities:

I expect BoE to hike the rates, like most of the analysts. I don't think a rate hike would be enough to cause a big bullish move on pound, since market already expects that rate hike so it's already priced in.

Not hiking the rates though, would impact the Pound very bad, that would probably cause a sell-off like it happened back in 4 November, 2021.

I am heavily long on the Pound, currently have GBPUSD and GBPAUD longs which is why i decided to balance out the risk by opening a GBPJPY short position.

GBPAUD Long:

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GBPJPY Short:

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GBPUSD Long:

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You have to have an IQ higher than 90 to interact with this user.
  • #650,698
  • Feb 2, 2022 5:59pm Feb 2, 2022 5:59pm
Quoting HTG
{quote} Can you elaborate on "more and more apparent"? This rule has been in place for lets say 13 years. I get it, traders have an opinion on this but do you realize your fussing about something that was implemented back in 2009? Here it is: My thoughts and my thoughts only, not meant to be disrespectful in anyway. 1. If you have not been profitable in this business for 3 years in a row or more, then you should not even be thinking about FIFO, Hedging/Multiple Accounts. If you are a US client then abide by the Compliance Rule until you dont have...
I agree for the most part but, i really can't understand leverage and deposit limits.

I don't really know much about FIFO, i live in Turkey and we have 10,000$ deposit limit here and your leverage is limited by 10. It may look like it's protecting people, but do we really need to be protected? Like it's our money, we earn it and we should be able to spend/take risks with our money as much as we want.

We are all grown ups, we should be able to live the consequences of our decisions without government "parenting" people.
You have to have an IQ higher than 90 to interact with this user.
  • #650,699
  • Edited 7:18pm Feb 2, 2022 6:18pm | Edited 7:18pm
Quoting pipibrasci
Month of February Cable back in the Zone. D1 Where do we go from here? Hmm I see levels (1.3553 - 1.3600) for now. {image}
H8

Possible retracement levels - 1.3553/1.3545/ 1.3533. from swing high.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #650,700
  • Feb 2, 2022 6:39pm Feb 2, 2022 6:39pm
Quoting Nordling
{quote} Don't bother mate, he is a manchild with a low iq. GU long term direction is up, i should have even bought this back in December, hundreds of pips could be collected, but there is still much room for GU to go up if BoE doesn't make a dovish surprise tomorrow. It's better to ignore him, everybody in GU thread is tired of him. He just keeps attacking people and he gives no info, he generally does nothing but shitposting.
It’s all good, brother. I know he’s a joker. It’s amusing to read.
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