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Cable Update (GBPUSD)

  • #682,781
  • Sep 12, 2022 6:47am Sep 12, 2022 6:47am
Quoting Waveskierrob
{quote} I use both Martingale and Hedging and have no TP, no SL and...no rules


"No rules"
I wish traders will understand this......
Trade safely buddy.......
  • #682,782
  • Sep 12, 2022 6:47am Sep 12, 2022 6:47am
Quoting BeeTogether
{quote} Not I trade UJ but I think it could work as cable is trading 11700 right now too. A break above is needed for a bigger move
It is not the best time to enter because things can spike up or down when NY market comes online, but as you say, it could work.

Trade is protected now, so we wait and see
I am neither brave nor stupid...I am just a part time trader
  • #682,783
  • Sep 12, 2022 6:49am Sep 12, 2022 6:49am
Quoting WizardTrade
{quote} Valid points but if mt4 and mt5 are useless then why is it that many people from our world are also minting money using the same tools regardless of netting or hedging type brokers. I think a shallow research may suffice to check what are the other factors which we are missing from the link. If brokers are the one side of the market they cannot play without retail traders so why would they kill their counter party if they need to stay in the marathon.
because in the case of b-book brokers ,your buy/sell order wont passed into real market ,those brokers becomes your counterpart,whenever you win - broker make loss,when you make loss - brokers win..thus araising conflicts of interest...all b booking brokers wants clints to blow their account. the only advantage is scalping duing news times as your orders arent get passed into market you wont experience slippage ..and because of these such conflicts of intrest clients getting withdrawal problem , if those b brokers find the clints are profitable..they want you to make loss, so they make money
Blank and Empty
  • #682,784
  • Sep 12, 2022 6:50am Sep 12, 2022 6:50am
Quoting Waveskierrob
{quote} me to my UJ is another still underwater
Where is your break even line?
I am neither brave nor stupid...I am just a part time trader
  • #682,785
  • Sep 12, 2022 6:52am Sep 12, 2022 6:52am
Uk new PM looks friendly with EU. GU may go up!
  • #682,786
  • Sep 12, 2022 6:54am Sep 12, 2022 6:54am
Quoting Indiara
{quote} Where is your break even line?
only 1 lot 14008....long way from home
  • #682,787
  • Sep 12, 2022 6:57am Sep 12, 2022 6:57am
the only price that worth a sell today
1.1730
  • #682,788
  • Sep 12, 2022 6:57am Sep 12, 2022 6:57am
Quoting buffedmage
{quote} because in the case of b-book brokers ,your buy/sell order wont passed into real market ,those brokers becomes your counterpart,whenever you win - broker make loss,when you make loss - brokers win..thus araising conflicts of interest...all b booking brokers wants clints to blow their account. the only advantage is scalping duing news times as your orders arent get passed into market you wont experience slippage ..and because of these such conflicts of intrest clients getting withdrawal problem , if those b brokers find the clints are profitable..they...
True that there are quite a few brokers which are into this shady business but what about the rest of the brokers who have been into the market for the last decade or so and people didn't complain about them for withdrawals. The only reason I can think of is that the traders got their withdrawals smoothly that is why they didn't come complaining to social media. What do you think?
WARNING: This post warps space and time in its vicinity.
  • #682,789
  • Sep 12, 2022 6:57am Sep 12, 2022 6:57am
Quoting Waveskierrob
{quote} only 1 lot 14008
I'm sure that in good time it will get there.
I am neither brave nor stupid...I am just a part time trader
  • #682,790
  • Sep 12, 2022 6:59am Sep 12, 2022 6:59am
Quoting Matej.FX
{quote} Wonder when higher inflation data will start to be bad for currency. I know higher inflation now means higher interest rates as I learned here from you, but there has to be a line when inflation is just too high to be good for currency anymore.
Yes, there is a tipping point that we are over that, but central banks are stepping it up, and I fully expect the same in the UK. The market is forward-looking and can see the resolve is being stepped up, even if it's late.
It really depends if the Bank of England meet expectation

If you take Turkey as an example, they never acted or had any resolve. So then some extra news driver came along, and inflation went to infinity.
You can't blame the extra news at all.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #682,791
  • Sep 12, 2022 6:59am Sep 12, 2022 6:59am
Quoting parisboy
Openeg Long position {image}
Excellent call
  • #682,792
  • Sep 12, 2022 7:00am Sep 12, 2022 7:00am
trade with small lot nothing to worry about now closed all
Attached Image (click to enlarge)
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #682,793
  • Sep 12, 2022 7:01am Sep 12, 2022 7:01am
Quoting Indiara
{quote} I'm sure that in good time it will get there.
To quote Guns N Roses ..."just a little patience"....actually in profit as been BUYING and closing on the way up but take that with a pinch of salt as its "after the fact" statement
  • #682,794
  • Sep 12, 2022 7:02am Sep 12, 2022 7:02am
Long Follow Up
Attached Image (click to enlarge)
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  • #682,795
  • Sep 12, 2022 7:03am Sep 12, 2022 7:03am
Quoting Waveskierrob
{quote} To quote Guns N Roses ..."just a little patience"....actually in profit as been BUYING and closing on the way up but take that with a pinch of salt as its "after the fact" statement

Perhaps your trade will surface in the November Rain
I am neither brave nor stupid...I am just a part time trader
  • #682,796
  • Sep 12, 2022 7:04am Sep 12, 2022 7:04am
Quoting WizardTrade
{quote} Thank you friend. Constructive criticism is conducive to learning new things. I am always open to it. Let's see how it plays out on my live TE.
Some types of trading i would advise a stop, but when hedging is mastered it is a useful tool.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #682,797
  • Sep 12, 2022 7:04am Sep 12, 2022 7:04am
can someone please explain this to me

i purchased 20 sept 2022, 17,900 CE

does this mean i loose the premium if nifty index is less than 1 7,900 on that date ?

do i need to set a target or just buying the option is sufficient
  • #682,798
  • Sep 12, 2022 7:05am Sep 12, 2022 7:05am
Attached Image (click to enlarge)
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  • #682,799
  • Sep 12, 2022 7:05am Sep 12, 2022 7:05am
Quoting Indiara
I have a Sell on UJ. May not be the ideal time to do this, just before NY market open, but it has a chance I think. {image}
Me2 short in at 1.4267, 44 and 52 --- target 1.4200
Don't trade what you think. Just what you see!!!
  • #682,800
  • Sep 12, 2022 7:06am Sep 12, 2022 7:06am
Quoting Waveskierrob
{quote} Hedging works for me, but again with everything need to master that tool, takes time, failure and patience, can't teach have to experience it
agreed, like my post to Wizard, some trades would be advised to use a stop as it is actually easier.
But take the time to study hedging as you suggest can bring great rewards.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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