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Cable Update (GBPUSD)

  • #687,601
  • Edited 8:04pm Sep 24, 2022 5:06pm | Edited 8:04pm
I should be lucky to see this historical drop as a newbie trader. Only go through something can really learn the lessons. Now I know it's so important to protect my trades.

Something confuse me, it's also possible that it might take more time to getting close to the new low or new high area again. After all, it's a dramatic move. The market maybe needs time to move the range.

Even it's an apparent downtrend, I still have doubt on it. Because now everyone knows it's downtrend, then the market will find its way to balance the momentum.

I check the historcal huge drops (day chart) to see if there're similiar movement patterns. GU on March 2020 a little looks like last Friday's drop.
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  • #687,602
  • Sep 24, 2022 8:20pm Sep 24, 2022 8:20pm
Quoting Chris_35
{quote} Is the USA really performing that well though.
Money is leaving equities and going to the $. Has been for months, on the back of War and rising interest rates.
Compulsions can be hard to resist
  • #687,603
  • Sep 24, 2022 9:42pm Sep 24, 2022 9:42pm
Quoting Cgpips
I should be lucky to see this historical drop as a newbie trader. Only go through something can really learn the lessons. Now I know it's so important to protect my trades. Something confuse me, it's also possible that it might take more time to getting close to the new low or new high area again. After all, it's a dramatic move. The market maybe needs time to move the range. Even it's an apparent downtrend, I still have doubt on it. Because now everyone knows it's downtrend, then the market will find its way to balance the momentum. I check the...
I have to keep an eye on you, I'm seeing myself in you honestly. Such devotion to research. You are absolutely welcome to keep posting and sharing.
Data + Stat + Risk/Emotions Management
  • #687,604
  • Sep 24, 2022 9:44pm Sep 24, 2022 9:44pm
Money is leaving equities and going to the $. Has been for months, on the back of War and rising interest rates.
  • #687,605
  • Sep 24, 2022 10:56pm Sep 24, 2022 10:56pm
Quoting Ihlas
{quote} Same brainless Waveski
You're right I'm a stupid, brainless idiot
  • #687,606
  • Sep 24, 2022 11:31pm Sep 24, 2022 11:31pm
Quoting Georginson
{quote} I have to keep an eye on you, I'm seeing myself in you honestly. Such devotion to research. You are absolutely welcome to keep posting and sharing.
Hi Georginson thank you !!

You guys help me a lot , I've learned lots from all useful information here. Here are so many experts / experienced traders like you.

I start to post because I want to have permission to give "LIKES" , otherwise , I don't think I can share really useful things here.

I'm too newbie trader, haha
  • #687,607
  • Sep 25, 2022 12:34am Sep 25, 2022 12:34am
Come on, let's bring more brainless people into the business Waveskie
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WARNING: This post warps space and time in its vicinity.
  • #687,608
  • Sep 25, 2022 1:03am Sep 25, 2022 1:03am
Quoting WizardTrade
Come on, let's bring more brainless people into the business Waveskie {image} {image}
trading index options is the easiest m fastest way to cash
  • #687,609
  • Sep 25, 2022 3:07am Sep 25, 2022 3:07am
Quoting Cgpips
I should be lucky to see this historical drop as a newbie trader. Only go through something can really learn the lessons. Now I know it's so important to protect my trades. Something confuse me, it's also possible that it might take more time to getting close to the new low or new high area again. After all, it's a dramatic move. The market maybe needs time to move the range. Even it's an apparent downtrend, I still have doubt on it. Because now everyone knows it's downtrend, then the market will find its way to balance the momentum. I check the...
it dropped 400 pips and closed at its low,
shaven has 2 meanings, in that case, you should expect it to carry on
very long wicks for the chart are a very high probability reversal
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #687,610
  • Sep 25, 2022 3:19am Sep 25, 2022 3:19am
it's more like that one
it is a large range, and from that, we know its high volume situ were in
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #687,611
  • Sep 25, 2022 3:20am Sep 25, 2022 3:20am
Forum buddies any idea on what Asia will do ??
average dude treading water
  • #687,612
  • Edited 8:21am Sep 25, 2022 3:28am | Edited 8:21am
Quoting MIKKI
Forum buddies any idea on what Asia will do ??
Try focusing on what it's doing when it's doing it, rather than any predictions, you may find that your trading will improve, just a suggestion ....
  • #687,613
  • Edited 4:20am Sep 25, 2022 3:33am | Edited 4:20am
Quoting digger1
{quote} Howdy nav , if memory serves me correctly , 2nd time now on the wrong side of one of these , , always liked ya , not that makes a difference in the grand scheme of things , but a a thought , maybe a fleeting thought of doing something a little different , these kinds of moves only come along so often in ones life , much better to be rolling with it , A bounce could be a bit vicious when it comes so be patient , ya may be able to hold on , I hope ya can man , , if you got in to trading to actually make money , a slightly different...
As always digs, u are right!..I dont know how i do it..I always find (twice now lol) the market going into an extreme and i lose the plot..the funny thing is i actually saw this coming and was trading it (it did not occur to me the market would use a war to make it happen, this at least is what i was thinking). I think im gonna have to learn to take a hit and see it as a normality for this business, if i see light at the end of the tunnel.

Maybe i need to try trade like u..just go with it, no questions..but then again to trade like u, means i need a new head

Really touched that a trader of your caliber to reaching out to me, appreciate it! I hope well bro?
For any1 who think u cannot make money in trading follow digs post..u will be blown away
  • #687,614
  • Sep 25, 2022 3:48am Sep 25, 2022 3:48am
Quoting nAVIN2007
{quote} As always digs, u are right!..I dont know how i do it..I always find (twice now lol) the market going into an extreme and i lose the plot..the funny thing is i actually saw this coming and was trading it. I think im gonna have to learn to take a hit and see it as a normality for this business. Maybe i need to try trade like u..just go with it, no questions..but then again to trade like u, means i need a new head Really touched that a trader of your caliber to reaching out to me, appreciate it!...

is it possible to change urhead?

i want to change mine too but i need someone to give it a try first.
MY OPINION NOT FINANCIAL ADVISE
  • #687,615
  • Sep 25, 2022 3:51am Sep 25, 2022 3:51am
Quoting donfriday
{quote} is it possible to change urhead? i want to change mine too but i need someone to give it a try first.
And I need to have two heads.
WARNING: This post warps space and time in its vicinity.
  • #687,616
  • Sep 25, 2022 3:59am Sep 25, 2022 3:59am
Quoting digger1
{quote} lol, think any of that crap really matters in a wink wink chuckle chuckle fagazi world , it dosent
The BOE announced earlier this week they were selling USD assets to raise a few bob.

Remember the bank bought them cheap now they are selling them high for a bundle.

Price is what it is, and the market will always control it not the individual.
  • #687,617
  • Sep 25, 2022 4:03am Sep 25, 2022 4:03am
Quoting MIKKI
Forum buddies any idea on what Asia will do ??
With volatility it is difficult to follow what it is doing and so you have to have that strong edge and intuition which comes from knowledge of that specific instrument you are trading. Then you can rightly predict what that asset will do.
The market has widely assumed the economic stimulation plan for the U.K. will lead to big inflation because the means of that plan were not fleshed out yet. When these things become clear or the government back tracks we will see a correction on Sterling to the upside. This will also come in tandem with some relief from the selling of the broader equity market because GBP is a risk-on currency.
Be humble or be humbled.
  • #687,618
  • Sep 25, 2022 4:06am Sep 25, 2022 4:06am
https://www.forexfactory.com/news/11...st-with-us-pce

Very nice. Get ready for parity
WARNING: This post warps space and time in its vicinity.
  • #687,619
  • Sep 25, 2022 4:14am Sep 25, 2022 4:14am
Quoting WizardTrade
https://www.forexfactory.com/news/11...st-with-us-pce Very nice. Get ready for parity
Parity, how about the British peso! As companies follow the lead of Volkswagen and other manufacturers, Britain and the EU will lose billions as companies leave on Biden's folly where the US gives Ukraine weapons for years to fire at the Russian border to start a war. It is sad that Europe joined in this gambit that will hurt Europe more than the US or Russia!
  • #687,620
  • Sep 25, 2022 4:17am Sep 25, 2022 4:17am
Quoting donfriday
{quote} is it possible to change urhead? i want to change mine too but i need someone to give it a try first.
u know bro..I have come a long way from where i started, I never gambled in my life i would trade 0.01 lot and make a return through suffering ..like £20
I was completely risk adverse..now im in a trade and im holding my shit with 9k DD. This in the past i could not have even comprehend this

I am also invested in bitcoin and etherum 13k basically trading 25k approx

this trade is basically survive or die
If i dont make it im not sure trading is something i will be able to continue with..da wife would slaughter me
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