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Cable Update (GBPUSD)

  • #687,221
  • Sep 23, 2022 5:07am Sep 23, 2022 5:07am
Quoting Waveskierrob
{quote} See the coin never lies
How much for that FAIR coin?
WARNING: This post warps space and time in its vicinity.
  • #687,222
  • Sep 23, 2022 5:08am Sep 23, 2022 5:08am
Quoting Indiara
{quote} Yes, I could imagine the slippage would have been insane!
it can gap below your sl and not trade there so you still have the position. can destroy an account. fortunately black swans dont happen too often tho
  • #687,223
  • Sep 23, 2022 5:09am Sep 23, 2022 5:09am
Quoting yelena
{quote} From AUG-DEC 2014 there were rumors that SNB will defend EURCHF at 1:1.20000. Come January 15(??) 2015 EURCHF dropped 27,000 pips to 0.740000 .......... OFFICIALLY. 4 hours it was raining money, it was as clear as day. I remember... I was drinking hot choco while my broker suspended my profits. There are limits to TP, I learned. The spread was wobbling from 2,000-4,000 pips. In my original screenshot (cant find it now, probably in old computer) the actual price went as low as 0.08000. But my current broker only displays upto 0.7400. Some...
Thx You turned back smile on my face, I remeber was live with my friends having short on Swissy and suddenly no quatation enywhere for more than 30 min ... I think reason was they needed to agree some version for the press and later presented what agreed, so this makes impossible to trust feed from that time anymore... btw I never got my profit back from my broker who bancrupted ... but those who where in debt were chased by the court ... thay lerned in a hard way that time that SL is any protection in case there is a gap in price ..
  • #687,224
  • Sep 23, 2022 5:10am Sep 23, 2022 5:10am
Quoting T721
{quote} it can gap below your sl and not trade there so you still have the position. can destroy an account. fortunately black swans dont happen to often tho
Wow......what a nightmare. I suppose in the fine print we would find that the broker would not accept responsibility for not honouring the SL?
I am neither brave nor stupid...I am just a part time trader
  • #687,225
  • Sep 23, 2022 5:11am Sep 23, 2022 5:11am
Quoting Waveskierrob
{quote} FF should just get rid of them they are worthless and just respond with words so you can justify your like or dislike, from this point onwards I will not be using the like button anymore, as I myself have been abusing it to the extent it has no meaning
I lied........ can't resist using the like button......
  • #687,226
  • Sep 23, 2022 5:12am Sep 23, 2022 5:12am
Quoting Amcee
{quote} Thx You turned back smile on my face, I remeber was live with my friends having short on Swissy and suddenly no quatation enywhere for more than 30 min ... I think reason was they needed to agree some version for the press and later presented what agreed, so this makes impossible to trust feed from that time anymore... btw I never got my profit back from my broker who bancrupted ... but those who where in debt were chased by the court ... thay lerned in a hard way that time that SL is any protection in case there is a gap in price ...
a lot of brokers went bust that day
  • #687,227
  • Sep 23, 2022 5:12am Sep 23, 2022 5:12am
+203.50 pips today
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  • #687,228
  • Sep 23, 2022 5:14am Sep 23, 2022 5:14am
Quoting WizardTrade
{quote} How much for that FAIR coin?
This much
Attached Image (click to enlarge)
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  • #687,229
  • Sep 23, 2022 5:15am Sep 23, 2022 5:15am
Quoting PatienceFx
+203.50 pips today {image}
Well done!!....Your account will be very happy today!!
I am neither brave nor stupid...I am just a part time trader
  • #687,230
  • Sep 23, 2022 5:15am Sep 23, 2022 5:15am
Quoting Waveskierrob
{quote} See the coin never lies
this one crossed through my mind this morning
  • #687,231
  • Sep 23, 2022 5:17am Sep 23, 2022 5:17am
Quoting Waveskierrob
{quote} This much {image}
This is affordable then
WARNING: This post warps space and time in its vicinity.
  • #687,232
  • Sep 23, 2022 5:21am Sep 23, 2022 5:21am
there will be no more Forex trading if GBP/USD falls to 1.0 and EUR/USD crawls back to 1.0

that's when I get a job at McDonald's
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #687,233
  • Sep 23, 2022 5:21am Sep 23, 2022 5:21am
Quoting Indiara
{quote} Wow......what a nightmare. I suppose in the fine print we would find that the broker would not accept responsibility for not honouring the SL?
IG used to have a guaranteed stop loss back in the day, they dont have it now. if price doesnt trade at your SL then no broker will get you out. price needs to trade at the exact price you have sl set so in a black swan event all you can do is keep hitting the button to click out. fortunately for me i was on the right side if it and still struggled getting out. just kept saying price no longer at this level. and even if i had a tp set it could still have missed trading at that tp price. its a nightmare to be in even if your on the right side. but on the wrong side omg. i really remember being happy with my profits but was worried about everyone on the wrong sid of it, plenty accounts were destroyed that day / mine would have been too if i had bought instead of selling.TBH i would rather make money in a stable markets as being in one of those events
  • #687,234
  • Sep 23, 2022 5:21am Sep 23, 2022 5:21am
Quoting Georginson
Bought again at 1.1042, all target set at 1.1160.
I have manually exited at 1.1063, not comfortable with this price action yet... There is a chance of attaining 1.0990, I will wait till after US news.
Data + Stat + Risk/Emotions Management
  • #687,235
  • Sep 23, 2022 5:23am Sep 23, 2022 5:23am
Quoting Indiara
{quote} Well done!!....Your account will be very happy today!!
i am trading MOHAMED MAHBOOB's account, he will be happy
  • #687,236
  • Sep 23, 2022 5:24am Sep 23, 2022 5:24am
i am just helping someone manage his account
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  • #687,237
  • Sep 23, 2022 5:26am Sep 23, 2022 5:26am
Quoting Wavegarrick
{quote} Hi Guys, We are at 35 plus year lows. This is incomprehensible to me. I never could have imagined this in all the years I have been trading. Weird times for sure. Test the water buy trades opened. Trade safe, Cheers. {image}
In some buy trades Folks, with stops below 1.10000. I will also look to add more trades towards 1.10000.
Take care.
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Trade to trade another day
  • #687,238
  • Sep 23, 2022 5:28am Sep 23, 2022 5:28am
Quoting T721
{quote} IG used to have a guaranteed stop loss back in the day, they dont have it now. if price doesnt trade at your SL then no broker will get you out. price needs to trade at the exact price you have sl set so in a black swan event all you can do is keep hitting the button to click out. fortunately for me i was on the right side if it and still struggled getting out. just kept saying price no longer at this level. and even if i had a tp set it could still have missed trading at that tp price. its a nightmare to be in even if your on the right...
I can see how if the action jumped over the SL or TP, then it would not have been triggered. SO I suppose the broker could say that it is not their fault so they are not responsible. What a terrible situation to be in for the traders and for the brokers too if they went broke as well. How sad
I am neither brave nor stupid...I am just a part time trader
  • #687,239
  • Sep 23, 2022 5:29am Sep 23, 2022 5:29am
Quoting Waveskierrob
{quote} This much {image}
I got much more than you.
End of business day, need wheel barrow for logistic.
Attached Image (click to enlarge)
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End of the week and we can say.............
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,240
  • Sep 23, 2022 5:29am Sep 23, 2022 5:29am
Quoting Georginson
{quote} I have manually exited at 1.1063, not comfortable with this price action yet... There is a chance of attaining 1.0990, I will wait till after US news.
for the news retrace to start.

IMO.

1019 is low for the day.

Having said that, if one is in profit, can book and quit.
Intraday only.
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