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Cable Update (GBPUSD)

  • #687,481
  • Sep 23, 2022 1:55pm Sep 23, 2022 1:55pm
Quoting donfriday
{quote} 1.07 and 1.05 is ur hope

I hope it dont go there..this is madness..we were at 1.4 not that long ago
the euro is below parity..
  • #687,482
  • Sep 23, 2022 1:57pm Sep 23, 2022 1:57pm
Mf still droping
average dude treading water
  • #687,483
  • Sep 23, 2022 2:00pm Sep 23, 2022 2:00pm
Quoting nAVIN2007
{quote} or rich getting tax relief..does this women not understand the rich are rich cause they do spend money stupidly?
She said it will be unpopular decision, but her logic is bankers will bring the growth in, doesn't matter how much they are paid. Bailey alone receives +£500k yearly salary + unlimited bonuses, will exceed over a mln for sure.
Yet some traders like Kareem is making more then this, no logic you would think .

Keep in your trades while borrowing is still cheap , fight to the end, all or nothing, all the best!

Ps her buddy is an accountant, she also worked as accountant in past.
  • #687,484
  • Sep 23, 2022 2:01pm Sep 23, 2022 2:01pm
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  • #687,485
  • Sep 23, 2022 2:02pm Sep 23, 2022 2:02pm
Quoting WizardTrade
Dollar has gone insanely over rated
Markets are supposed to behave rationally.
That's what all the finance gurus tell us all the time.
So where is the rational for what is happening today?
Yesterday made sense. The UK raised rates by .5 when the us raised by .75, simple.
Today ????
  • #687,486
  • Sep 23, 2022 2:04pm Sep 23, 2022 2:04pm
Quoting nAVIN2007
{quote} I hope it dont go there..this is madness..we were at 1.4 not that long ago the euro is below parity..
There is a high chance for 1.0550 level, GBP really has a tendency to move to such zones. Make sure you have enough margin to defend it. And don't feel alone. I have lost much more than what u can anticipate. Stay strong.
  • #687,487
  • Sep 23, 2022 2:06pm Sep 23, 2022 2:06pm
Quoting dantpm
{quote} Markets are supposed to behave rationally. That's what all the finance gurus tell us all the time. So where is the rational for what is happening today? Yesterday made sense. The UK raised rates by .5 when the us raised by .75, simple. Today ????
Crap UK mini Budget
  • #687,488
  • Sep 23, 2022 2:09pm Sep 23, 2022 2:09pm
Quoting shivohum2015
{quote} There is a high chance for 1.0550 level, GBP really has a tendency to move to such zones. Make sure you have enough margin to defend it. And don't feel alone. I have lost much more than what u can anticipate. Stay strong.
Im sorry to hear that..thanks man
  • #687,489
  • Sep 23, 2022 2:10pm Sep 23, 2022 2:10pm
Quoting shivohum2015
{quote} There is a high chance for 1.0550 level, GBP really has a tendency to move to such zones. Make sure you have enough margin to defend it. And don't feel alone. I have lost much more than what u can anticipate. Stay strong.
Never guess, always trade hard fact only.
  • #687,490
  • Sep 23, 2022 2:10pm Sep 23, 2022 2:10pm
Quoting dantpm
{quote} Markets are supposed to behave rationally. That's what all the finance gurus tell us all the time. So where is the rational for what is happening today? Yesterday made sense. The UK raised rates by .5 when the us raised by .75, simple. Today ????
Sometimes the big guys move the markets against all rationale. The prime rationale (around 90%) nowadays is drawing from the BIG GUYS. Rest all is BS
WARNING: This post warps space and time in its vicinity.
  • #687,491
  • Sep 23, 2022 2:11pm Sep 23, 2022 2:11pm
Quoting Chris_35
{quote} Crap UK mini Budget
Didn't help the UK but didn't cause the $ to explode!
  • #687,492
  • Sep 23, 2022 2:12pm Sep 23, 2022 2:12pm
It is easy
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  • #687,493
  • Sep 23, 2022 2:12pm Sep 23, 2022 2:12pm
Hopefully coming Monday will start a bullish momentum for the days to come.
WARNING: This post warps space and time in its vicinity.
  • #687,494
  • Sep 23, 2022 2:13pm Sep 23, 2022 2:13pm
Quoting shivohum2015
{quote} There is a high chance for 1.0550 level, GBP really has a tendency to move to such zones. Make sure you have enough margin to defend it. And don't feel alone. I have lost much more than what u can anticipate. Stay strong.
Its only lost when the trade is closed. So a close eye on your margin is needed to stop you loosing possibly large ammounts. If unable to add more funds, then close partial trade to keep margin buoyant. Good luck to all.
  • #687,495
  • Sep 23, 2022 2:14pm Sep 23, 2022 2:14pm
Quoting WizardTrade
{quote} Sometimes the big guys move the markets against all rationale. The prime rationale (around 90%) nowadays is drawing from the BIG GUYS. Rest all is BS
Yeah and when the big guys move the markets, they tell us the markets moved themselves. Goldman Sachs is famous for this type of double speak!
  • #687,496
  • Sep 23, 2022 2:16pm Sep 23, 2022 2:16pm
Quoting dantpm
{quote} Yeah and when the big guys move the markets, they tell us the markets moved themselves. Goldman Sachs is famous for this type of double speak!
Insider trading is a lot more common but is hidden from the retail side.
WARNING: This post warps space and time in its vicinity.
  • #687,497
  • Sep 23, 2022 2:17pm Sep 23, 2022 2:17pm
Quoting WizardTrade
Hopefully coming Monday will start a bullish momentum for the days to come.
The market today is bullish for the US$!
How about hopefully some sanity will return to the direction that the market takes!
  • #687,498
  • Sep 23, 2022 2:17pm Sep 23, 2022 2:17pm
Quoting Chris_35
{quote} Its only lost when the trade is closed. So a close eye on your margin is needed to stop you loosing possibly large ammounts. If unable to add more funds, then close partial trade to keep margin buoyant. Good luck to all.
Yeah, totally agree, in a situation with an alarming drawdown, defending a level is costly, every single pip could be a costly affair. So unless u have an enormous amount to belittle your trade size, it's better to close it and switch to wait and watch mode.
  • #687,499
  • Sep 23, 2022 2:18pm Sep 23, 2022 2:18pm
Quoting dantpm
{quote} The market today is bullish for the US$! How about hopefully some sanity will return to the direction that the market takes!
The correction will also be immense, it is just a matter of time.
WARNING: This post warps space and time in its vicinity.
  • #687,500
  • Sep 23, 2022 2:21pm Sep 23, 2022 2:21pm
Quoting OnlineAddict
{quote} We are here, at 1.10xx.
Are you seriously saying you have been holding longs since around 1.3750 back in Oct last year?
The better strategy would have been to short, rather than buy a little, lot, huge and be in nearly 3000 pips drawdown.
Compulsions can be hard to resist
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