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Cable Update (GBPUSD)

  • #680,521
  • Sep 2, 2022 1:08pm Sep 2, 2022 1:08pm
Quoting ForexGoose
{quote} ouch that is a big position for your account size and the price can go down much further I would take the loss
Max it would go down till 1.1400 region... I have enough margin to hold till that level , beyond that i would get stopped out

Before entering today - I've calculated the the position size and the margin level... That's reason why I'm confident

Plus - my leverage is 100x ... If it is like 500x .. It would he riskier
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  • #680,522
  • Sep 2, 2022 1:16pm Sep 2, 2022 1:16pm
Quoting Jolita
{quote} Tuesday new PM announcement. With Sunak GU should rise a few hundreds, not as damaging apparently.
Just read, voting closed, results on Mon 12:30 BST..
Truss is favourite.
  • #680,523
  • Sep 2, 2022 1:23pm Sep 2, 2022 1:23pm
Quoting buffedmage
{quote} Max it would go down till 1.1400 region... I have enough margin to hold till that level , beyond that i would get stopped out Before entering today - I've calculated the the position size and the margin level... That's reason why I'm confident Plus - my leverage is 100x ... If it is like 500x .. It would he riskier

It could also go lower to $1.110 and lower. No one knows.
You could get out now, and still recover, if goes againts you later you can blow your accout in no time.
Wishing you the best outcome of course.
  • #680,524
  • Sep 2, 2022 1:27pm Sep 2, 2022 1:27pm
Because of nord news - it gone down... Else would have achieved target... But still I won't close and accept loss... It should be touching the red line which I was taking since starting of the day.. Some other good news for GBP or bad news for USD will help it to achieve...in upcoming weekends
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  • #680,525
  • Sep 2, 2022 1:31pm Sep 2, 2022 1:31pm
Quoting Moty
The reversal is coming gu from1.15000 {image}
Good boy
Attached Image (click to enlarge)
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yes yes yes
  • #680,526
  • Sep 2, 2022 1:31pm Sep 2, 2022 1:31pm
Price likely to hold above 1499.
Long is advised for rest of the day and monday for me
Intraday only.
  • #680,527
  • Sep 2, 2022 1:35pm Sep 2, 2022 1:35pm
Quoting Jolita
{quote} It could also go lower to $1.110 and lower. No one knows. You could get out now, and still recover, if goes againts you later you can blow your accout in no time. Wishing you the best outcome of course.
If I get Stopped out - I'd be loosing 50% of my 5k ... Meaning I'm on 100x leverage and my margin call of my broker is at 100% .. Based on that ive calculated my position size which I considered some bad unexpected events (which is happened today -nord stream ) so.. I got confidence on next week... GBP might get strong or USD might get weaker.. Let's see...
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  • #680,528
  • Sep 2, 2022 1:38pm Sep 2, 2022 1:38pm
Quoting navk
Price likely to hold above 1499. Long is advised for rest of the day and monday for me
Yes
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  • #680,529
  • Sep 2, 2022 1:39pm Sep 2, 2022 1:39pm
Quoting buffedmage
Woke up to this.... F*** y** putin... Nord stream is completely stoped. ... No worries... Will be holding... Not gonna quit.. Next week will be expecting moves... Gonna buy more at deep {image}

if u can hold at this level i pretty sure u will be able to get profit..this is an extreme, just need to be bale to forget your in the trade..
  • #680,530
  • Sep 2, 2022 1:40pm Sep 2, 2022 1:40pm
Quoting Jolita
{quote} Just read, voting closed, results on Mon 12:30 BST.. Truss is favourite.
apparently she is the clear winner..90% of votes in her favour which is crazy cause he is better than her
  • #680,531
  • Sep 2, 2022 1:42pm Sep 2, 2022 1:42pm
Quoting nAVIN2007
{quote} if u can hold at this level i pretty sure u will be able to get profit..this is an extreme, just need to be bale to forget your in the trade..
Yes I'm letting it run... Until it achieve my target...

Events like these happened before for me, also while Backtesting my strategy on minor currencies - I came across such kinda moves... So based on these .. I got confidence on holding
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  • #680,532
  • Sep 2, 2022 1:50pm Sep 2, 2022 1:50pm
And someone asking about hedging... I personally don't hedge ..and i don't finding useful because of overnight swap n commission fees...as I'm using ECN, hence these...Actually it's the job of brokers in fact... They hedge their position against us( in the case of B books or they will hedge against the LP's in the case of A book... So.. Basically -you are doing brokers job if u hedge
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  • #680,533
  • Sep 2, 2022 1:51pm Sep 2, 2022 1:51pm
Quoting buffedmage
{quote} Yes I'm letting it run... Until it achieve my target... Events like these happened before for me, also while Backtesting my strategy on minor currencies - I came across such kinda moves... So based on these .. I got confidence on holding

How much trading experience do u have?
  • #680,534
  • Sep 2, 2022 1:52pm Sep 2, 2022 1:52pm
Quoting nAVIN2007
{quote} How much trading experience do u have?
Trading since march 2021.. Yes I know I'm new..
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  • #680,535
  • Sep 2, 2022 1:54pm Sep 2, 2022 1:54pm
Quoting buffedmage
Woke up to this.... F*** y** putin... Nord stream is completely stoped. ... No worries... Will be holding... Not gonna quit.. Next week will be expecting moves... Gonna buy more at deep {image}
Hope you get out profitable buffed. i still see lower to 400 maybe a bit more
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  • #680,536
  • Sep 2, 2022 1:55pm Sep 2, 2022 1:55pm
Quoting buffedmage
{quote} Trading since march 2021.. Yes I know I'm new..

do not add any positions extra
  • #680,537
  • Sep 2, 2022 1:56pm Sep 2, 2022 1:56pm
Quoting nAVIN2007
{quote} do not add any positions extra
Yes I did my calculations only for 1 position at time...
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  • #680,538
  • Sep 2, 2022 1:58pm Sep 2, 2022 1:58pm
Quoting T721
{quote} Hope you get out profitable buffed. i still see lower to 400 maybe a bit more {image} {image}
Yes the maximum up move I was expecting is like - 1.1640.. That's the reason why I'm still confidently holding . Beyond that - need to watch out fir a breakout and then I'll decide
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  • #680,539
  • Sep 2, 2022 2:01pm Sep 2, 2022 2:01pm
Quoting buffedmage
{quote} Yes I did my calculations only for 1 position at time...
this may give hope
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  • #680,540
  • Sep 2, 2022 2:01pm Sep 2, 2022 2:01pm
Quoting Moty
The reversal is coming gu from1.15000 {image}
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yes yes yes
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