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Cable Update (GBPUSD)

  • #687,861
  • Sep 26, 2022 2:54am Sep 26, 2022 2:54am
Quoting Waveskierrob
{quote} {image}
Don't worry My signal is not a threat to your service Keep it coming mate.
WARNING: This post warps space and time in its vicinity.
  • #687,862
  • Sep 26, 2022 3:00am Sep 26, 2022 3:00am
Many say FX prices is random walk. I believe it moves from zone to zone. The more a resistance/support is visit, the less likely it will hold in the near future (for scalping Intraday) cause there's no pending order left waiting to be filled. Maximum revisit is 3 times. on the 4th majority of the time breakout occurs
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More time in the market, does not mean you trade better!
  • #687,863
  • Sep 26, 2022 3:01am Sep 26, 2022 3:01am
...the overnight 'flash-crash' to 1.0327 was a cleverly planned coup by some of the 'whales' that operate in this pairing. Some London traders waited around for the thinner liquidity at start of Asian session and banged in some big market moving sell orders in the hope of scaring the Asian session participants to clear their buy orders as it dropped. It worked and the price kept dropping with no/little liquidity on the buy side of the price ladder for hundreds of pips down. What would you do if there was a steamroller coming toward you?- you'd jump out the way. They just took advantage of the lower Asian liquidity and the febrile selling that had preceded it,- that's all.
---------------------------------------------

Unlikely to see a Boe statement and more unlikely - intervention, unless this thing crashes again, and particularly aaround/below parity.
Trader with an Edge.
  • #687,864
  • Sep 26, 2022 3:04am Sep 26, 2022 3:04am
Quoting Georginson
Hello Guys 1.03 I projected has already happened but at a faster time than I ever imagined... Today I lost my prop firm accounts worth 1.3 million dollars having reached phase 2 in some with just 1.3% buy trade open yet the whole accounts breached at 1.0378... This is me saying goodbye to this heavily manipulated pair moving 500 pips in Tokyo session without any major event or news. It's sad that I have to leave this pair but my mental health is more important than any other thing. Good luck to everyone and stay safe. {image}
.
  • #687,865
  • Sep 26, 2022 3:05am Sep 26, 2022 3:05am
Quoting Moty
Look like a revarsal day 400 pips bullish tail {image}

GU

Copy Moty's trade.
Long Scalp
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,866
  • Sep 26, 2022 3:06am Sep 26, 2022 3:06am
There may be a possible emergency BOE meeting to increase GBP % rates
  • #687,867
  • Sep 26, 2022 3:07am Sep 26, 2022 3:07am
I do love GBP/USD as its my base currency and it's always fairly exciting. But as a new trader is there any pairs anyone can recommend that are more stable in their movements and trade well in London or NY open?

Also I'm at the stage now where I've rid myself of basically all indicators, mostly price action support/resistance and working on personal psychology. Which is a far nicer level up from 1000 indicators. I prefer to look at the 1hr and enter on the 5m for longer trades. And then also scalp when we hit ranges using the 1m.

Can anyone suggest an indicator or two that would work best with my simplified strategies?

My goal is simple, go from the cheapest funded account I can find so there is zero mental burden win or lose. Trade up accounts till I can do nice things like take my mum on holiday and work less and do nice things for people. I am concerned I will have to be more aggressive to achieve the entry goals which is slightly luck dependent. I expect to keep training 3 months to years if needed.

I am reading the book by Mark Douglas, and trying to work on trying to catch multiple moves with one trade being greedy and isolating my systems rules.

I am not trading this week at Friday was stressful for me as it just proved anything is possible too many times.
The markets are neutral to us. Our emotions are the enemy.
  • #687,868
  • Sep 26, 2022 3:07am Sep 26, 2022 3:07am
I might move to trade EU today, my cable spread keeps widening like maddog while my EU spreads are < 1 pip (10 points)

Cable fluctuating from 30 points to 50 points.
Can't even place a good SL with low risk.
Until it stabilizes then I'll be back.
Exhausted
  • #687,869
  • Sep 26, 2022 3:10am Sep 26, 2022 3:10am
Quoting Georginson
Hello Guys 1.03 I projected has already happened but at a faster time than I ever imagined... Today I lost my prop firm accounts worth 1.3 million dollars having reached phase 2 in some with just 1.3% buy trade open yet the whole accounts breached at 1.0378... This is me saying goodbye to this heavily manipulated pair moving 500 pips in Tokyo session without any major event or news. It's sad that I have to leave this pair but my mental health is more important than any other thing. Good luck to everyone and stay safe. {image}

i hate to see sad stories



you will come back strong
MY OPINION NOT FINANCIAL ADVISE
  • #687,870
  • Sep 26, 2022 3:14am Sep 26, 2022 3:14am
Quoting Pat Chiko
{quote} GU Copy Moty's trade. Long Scalp{image}
GU

Which ever cums first...........
Thanks Moty....again. Let see small rocket...
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,871
  • Sep 26, 2022 3:15am Sep 26, 2022 3:15am
Three long scalps this morning for £287 but very jittery. Ready to go long or short its crazy.
  • #687,872
  • Sep 26, 2022 3:17am Sep 26, 2022 3:17am
My view
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  • #687,873
  • Edited 8:34am Sep 26, 2022 3:20am | Edited 8:34am
Quoting Georginson
Hello Guys 1.03 I projected has already happened but at a faster time than I ever imagined... Today I lost my prop firm accounts worth 1.3 million dollars having reached phase 2 in some with just 1.3% buy trade open yet the whole accounts breached at 1.0378... This is me saying goodbye to this heavily manipulated pair moving 500 pips in Tokyo session without any major event or news. It's sad that I have to leave this pair but my mental health is more important than any other thing. Good luck to everyone and stay safe. {image}
Hi George, your stats are one of the most spot on I have ever seen. No emotions, just straight factual statistics. This whole move was intended to hurt people and it was intentionally done at night when most people are sleeping. They do this everytime. And yet, we see people saying the markets are not controlled. I repeat that the human race will NEVER leave a market worth trillions of dollars to run on autopilot. This market is heavily controlled and patrolled. The people running it know the exact, pinpoint price they are going to with absolutely no slippage.

Now they have achieved their aim, I expect a fall towards that bottom and then a humongous rise. I was saved from this deadly fall because I didn't trade this damned pair. I sold EU just few minutes to market close on Friday because I expected this crash to happen. That was my saving grace.

You are good. You will come back stronger. I hope you get your prop accounts back. Cheers.
  • #687,874
  • Sep 26, 2022 3:23am Sep 26, 2022 3:23am
Quoting Pat Chiko
{quote} GU Which ever cums first........... Thanks Moty....again. Let see small rocket...{image}
GU

Moty's gives us small rocket to target.
Booster time.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,875
  • Sep 26, 2022 3:25am Sep 26, 2022 3:25am
Quoting Headland
...the overnight 'flash-crash' to 1.0327 was a cleverly planned coup by some of the 'whales' that operate in this pairing. Some London traders waited around for the thinner liquidity at start of Asian session and banged in some big market moving sell orders in the hope of scaring the Asian session participants to clear their buy orders as it dropped. It worked and the price kept dropping with no/little liquidity on the buy side of the price ladder for hundreds of pips down. What would you do if there was a steamroller coming toward you?- you'd jump...
Did not just happen on Cable, it happened on EUR and other pairs. If they were manipulating, why would they not just concentrate on one pair. Did they buy dollar. I don't understand. If it was one pair, they would be selling that pair! It would be nice to have access to order flow, to work out what happened!
Don't trade what you think. Just what you see!!!
  • #687,876
  • Sep 26, 2022 3:26am Sep 26, 2022 3:26am
I have a Buy on GU. The setup still looks ok.

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I am neither brave nor stupid...I am just a part time trader
  • #687,877
  • Sep 26, 2022 3:27am Sep 26, 2022 3:27am
high spreads
fear in the market
in wondering about yourself, you forgot what you came here to be part of
  • #687,878
  • Sep 26, 2022 3:28am Sep 26, 2022 3:28am
so if USD, EUR & GBP all go to parity, we might as well just have one currency
in wondering about yourself, you forgot what you came here to be part of
  • #687,879
  • Sep 26, 2022 3:28am Sep 26, 2022 3:28am
Quoting Theoak
{quote} Did not just happen on Cable, it happened on EUR and other pairs. If they were manipulating, why would they not just concentrate on one pair. Did they buy dollar. I don't understand. If it was one pair, they would be selling that pair! It would be nice to have access to order flow, to work out what happened!
They just need to manipulate the dollar.
This morning (my time) there was a strong push at dollar, causing all pairs against dollar to go down.
Exhausted
  • #687,880
  • Sep 26, 2022 3:29am Sep 26, 2022 3:29am
Quoting Mitiblotch
{quote} Hi Geroge, your stats are one of the most spot on I have ever seen. No emotions, just straight factual statistics. This whole move was intended to hurt people and it was intentionally done at night when most people are sleeping. They do this everytime. And yet, we see people saying the markets are not controlled. I repeat that the human race will NEVER leave a market worth trillions of dollars to run on autopilot. This market is heavily controlled and patrolled. The people running it know the exact, pinpoint price they are going to with...
What a crock of crap. If you expected it, then why didn't you short it?
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