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Cable Update (GBPUSD)

  • #687,801
  • Sep 26, 2022 12:41am Sep 26, 2022 12:41am
Quoting Waveskierrob
{quote} Why not I always hedge my trades when they go against me
How do you hedge if your wife gets angry and beats the hell out of you
  • #687,802
  • Sep 26, 2022 12:43am Sep 26, 2022 12:43am
Quoting PatienceFx
{quote} never hedge your trades, it is very tough to get out
Hedging is my second nature. Any tips?
WARNING: This post warps space and time in its vicinity.
  • #687,803
  • Sep 26, 2022 12:46am Sep 26, 2022 12:46am
Is it enough for bears to calm down
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Read the chart... Fundies are catalyst...
  • #687,804
  • Sep 26, 2022 12:50am Sep 26, 2022 12:50am
Morning all!! Total wipe out for me and my trades. That was some crazy stuff! Right on sidelines until I have funds to work out next trade. Good luck all
Insane in the Brain..
  • #687,805
  • Sep 26, 2022 12:50am Sep 26, 2022 12:50am
and EU too
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
Read the chart... Fundies are catalyst...
  • #687,806
  • Sep 26, 2022 12:52am Sep 26, 2022 12:52am
Hello friends. I was just typing my reaction to the GBP drop when my UJ Sell Stop got activated! I'm going to sort out a SL and TP and I'll come back soon

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #687,807
  • Sep 26, 2022 1:02am Sep 26, 2022 1:02am
A little retrace and then a nose-dive again.
WARNING: This post warps space and time in its vicinity.
  • #687,808
  • Sep 26, 2022 1:03am Sep 26, 2022 1:03am
Quoting Indiara
Hello friends. I was just typing my reaction to the GBP drop when my UJ Sell Stop got activated! I'm going to sort out a SL and TP and I'll come back soon {image}
Trade is protected now. I put the Sell Stop there in case Kuroda san says something silly and causes a drop. I did the same just before the last intervention and it was good. UJ is not too far under where it was when they intervened, so only selling for me.
I am neither brave nor stupid...I am just a part time trader
  • #687,809
  • Sep 26, 2022 1:05am Sep 26, 2022 1:05am
Out from a quick scalp. I will join in during NY session.
WARNING: This post warps space and time in its vicinity.
  • #687,810
  • Sep 26, 2022 1:10am Sep 26, 2022 1:10am
Before I got taken away to manage the UJ trade I was going to say how crazy GU has been. I think that for me it's too dangerous to play with this pair for now, so I will watch and learn. I hope that no one got hurt with that drop.
I am neither brave nor stupid...I am just a part time trader
  • #687,811
  • Sep 26, 2022 1:10am Sep 26, 2022 1:10am
Quoting BeeTogether
Morning all!! Total wipe out for me and my trades. That was some crazy stuff! Right on sidelines until I have funds to work out next trade. Good luck all
Sorry to hear that bad shit for you. I managed to add some more funds last night and they just protected my margin by a whisker.
  • #687,812
  • Sep 26, 2022 1:13am Sep 26, 2022 1:13am
Guys this is the true generational bottom (for now), GU has never gotten this low except for 1 time, which is 38 years ago.
The question is whether we bounce off from this super bottom, or create a new low after 38 years.
My system based mostly on trend so obviously it is pointing Sell to me, but will there be enough juice to go lower, it also will mean breaking 38 years low. Or should i exercise some judgement and expect to find setups for retrace instead of continuing to Short when London open?

One thing is obvious for now, the current retrace looks weak, new lows incoming?
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 45.1%
  • #687,813
  • Sep 26, 2022 1:14am Sep 26, 2022 1:14am
Quoting WizardTrade
Out from a quick scalp. I will join in during NY session.
~82% return enough for the month I guess. I will stay out if I didn't find the opportunity today or within this week.
WARNING: This post warps space and time in its vicinity.
  • #687,814
  • Sep 26, 2022 1:14am Sep 26, 2022 1:14am
Quoting BeeTogether
Morning all!! Total wipe out for me and my trades. That was some crazy stuff! Right on sidelines until I have funds to work out next trade. Good luck all
Oh no, I just saw your post. So sorry that you got caught by this event

I know that you will return though, and you will be ok
I am neither brave nor stupid...I am just a part time trader
  • #687,815
  • Sep 26, 2022 1:18am Sep 26, 2022 1:18am
Hello guys ...im off 3 weeks because got covid hospital..my account was burned last week..from $500..now $30..what a crazy pair..hope i can recovery my account soon..
  • #687,816
  • Sep 26, 2022 1:21am Sep 26, 2022 1:21am
Quoting voeltoez
Hello guys ...im off 3 weeks because got covid hospital..my account was burned last week..from $500..now $30..what a crazy pair..hope i can recovery my account soon..
My position right now..
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  • #687,817
  • Sep 26, 2022 1:26am Sep 26, 2022 1:26am
Quoting WizardTrade
{quote} ~82% return enough for the month I guess. I will stay out if I didn't find the opportunity today or within this week.
Well done Wiz, I said you probably couldn't do the 100% a week challenge but you are proving me a " wronger" keep it up
  • #687,818
  • Sep 26, 2022 1:28am Sep 26, 2022 1:28am
Attached Image (click to enlarge)
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  • #687,819
  • Sep 26, 2022 1:31am Sep 26, 2022 1:31am
Quoting PatienceFx
{quote} How do you hedge if your wife gets angry and beats the hell out of you
I apologize in advance, but what the hell are you on about, please explain
  • #687,820
  • Sep 26, 2022 1:34am Sep 26, 2022 1:34am
Quoting Waveskierrob
{quote} I apologize in advance, but what the hell are you on about, please explain
simple, you answered the query about hedging in this post
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