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Cable Update (GBPUSD)

  • #682,741
  • Sep 12, 2022 4:52am Sep 12, 2022 4:52am
Now that we know Soros is trying to lock my price lets boost quantum.

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POSTMASTER
  • #682,742
  • Sep 12, 2022 4:54am Sep 12, 2022 4:54am
Quoting Robinhood1
{quote} Look Pat, take your obsession away from me or maybe i should say get yourself another task within your job. You predicted 2 years ago i would go broke not being able to feed my family. It seems you have an issue with "familiies". What goes round comes round, its Karma. I advice you not to go over the line as you will see youself in the situation you wish to others. I just ignored you, please do the same or leave me alone somehow. Thank you.

Ha ha ha.....
Common Robin, I pretty sure wave.. don't mean harm. He jokes a lot. Enjoy your trading buddy.....
  • #682,743
  • Sep 12, 2022 4:57am Sep 12, 2022 4:57am
Quoting Otiken
{quote} Ha ha ha..... Common Robin, I pretty sure wave.. don't mean harm. He jokes a lot. Enjoy your trading buddy.....
I am. Is he a Frontier or Fugaku?
POSTMASTER
  • #682,744
  • Sep 12, 2022 4:57am Sep 12, 2022 4:57am
Quoting WizardTrade
One hedge closed. Another in play. The price may hit 1.18xx soon. If not, then it may dip down to 1.14xx
I look forward to seeing how this strategy works out! In my head it should work, but posts I've read says contrary.
Don't trade what you think. Just what you see!!!
  • #682,745
  • Sep 12, 2022 4:59am Sep 12, 2022 4:59am
Quoting Waveskierrob
{quote} I'm sorry didn't think you will be reading my posts as you had ignored me, you do understand what ignore means don't you? , if you reply to this post then I will assume that you still want to chat, if not then we can go on our merry ways
Lols.........
Easy buddy.........
Pls do give him a break, he will come around. He is your buddy......
Happy trading.....
  • #682,746
  • Sep 12, 2022 5:01am Sep 12, 2022 5:01am
Testing short tp 1.1625 @ mid bb h1..
sl 1.1725
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  • #682,747
  • Sep 12, 2022 5:03am Sep 12, 2022 5:03am
Inserted Video
POSTMASTER
  • #682,748
  • Sep 12, 2022 5:07am Sep 12, 2022 5:07am
similar pattern like friday.

expect more sell
Intraday only.
  • #682,749
  • Sep 12, 2022 5:09am Sep 12, 2022 5:09am
Quoting Robinhood1
{quote} I am. Is he a Frontier or Fugaku?

Pls, do forget what it is or whatever, he I just being Waveskierrob doing his thing. Enjoy him and mostly enjoy your trading....
  • #682,750
  • Sep 12, 2022 5:15am Sep 12, 2022 5:15am
So looking for 1659 breaks and then limit 1636, if breaks then top failure confirm next. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #682,751
  • Sep 12, 2022 5:22am Sep 12, 2022 5:22am
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yes yes yes
  • #682,752
  • Sep 12, 2022 5:27am Sep 12, 2022 5:27am
Quoting Otiken
{quote} Pls, do forget what it is or whatever, he I just being Waveskierrob doing his thing. Enjoy him and mostly enjoy your trading....
" just being Waveskierrob doing his thing. Enjoy him"....bloody hilarrious ...best quote this year...thanks for making me laugh nearly pissed myself
  • #682,753
  • Sep 12, 2022 5:30am Sep 12, 2022 5:30am
Quoting Theoak
{quote} I look forward to seeing how this strategy works out! In my head it should work, but posts I've read says contrary.
You are right. I have also witnessed plethora of content on hedging to be useless. But I have my hedging version tweaked so much so that I am confident it will play out well in the long run.
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  • #682,754
  • Sep 12, 2022 5:49am Sep 12, 2022 5:49am
hedging is the brokers job , by doing it you actually helping them ..lol
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  • #682,755
  • Sep 12, 2022 5:53am Sep 12, 2022 5:53am
A break below 11660 didn’t happen nor did the one above 117. Maybe ranging between these area till NYO?
Insane in the Brain..
  • #682,756
  • Sep 12, 2022 5:56am Sep 12, 2022 5:56am
Openeg Long position
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  • #682,757
  • Sep 12, 2022 5:57am Sep 12, 2022 5:57am
Quoting buffedmage
hedging is the brokers job , by doing it you actually helping them ..lol
Thanks for the comment. But what is the problem if we too make some money with the big shark
WARNING: This post warps space and time in its vicinity.
  • #682,758
  • Sep 12, 2022 6:00am Sep 12, 2022 6:00am
Quoting WizardTrade
{quote} Thanks for the comment. But what is the problem if we too make some money with the big shark
mathematically, self-hedging positions is completely pointless for retail traders:
1) Double commissions
2) Double spreads
3) Trader takes 100% of the counterparty/exposure risk.
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  • #682,759
  • Sep 12, 2022 6:02am Sep 12, 2022 6:02am
Quoting buffedmage
{quote} mathematically, self-hedging positions is completely pointless for retail traders: 1) Double commissions 2) Double spreads 3) Trader takes 100% of the counterparty/exposure risk.
the majority of mt4 brokers are more than happy to continue to promote "hedging allowed".....mainly to take advantage of retail trader's ignorance.

You just did your broker's job for them when you partially or "perfectly" hedge yourself. Including taking all the position risk. And that includes price spikes (like rollover) and negative swap.
All because you didn't just close the position and re-enter correctly.
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  • #682,760
  • Sep 12, 2022 6:04am Sep 12, 2022 6:04am
Quoting buffedmage
{quote} the majority of mt4 brokers are more than happy to continue to promote "hedging allowed".....mainly to take advantage of retail trader's ignorance. You just did your broker's job for them when you partially or "perfectly" hedge yourself. Including taking all the position risk. And that includes price spikes (like rollover) and negative swap. All because you didn't just close the position and re-enter correctly.
The correct default accounting method that matches the rest of the professional trading world (including your broker) is netting.
e.g. You buy long EURUSD 1.00 lot and then offset that 1.00 long (or a portion of it).
or you sell short 0.65 lot and then offset that 0.65 short (or a portion of it. Net exposure is what is most important).
Or suppose you want to go in the opposite direction:
currently long 1.00 EURUSD.
You then sell short 2.00 EURUSD or you can do 2 separate orders of 1.00 + 1.00.
And now you are net Short 1.00 EURUSD.

But b-books are super happy this myth lives on in less informed clients. Free commissions + spread..... And 0 risk to broker if client hedges themself.
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