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Cable Update (GBPUSD)

  • #687,881
  • Sep 26, 2022 3:29am Sep 26, 2022 3:29am
Quoting knkie
so if USD, EUR & GBP all go to parity, we might as well just have one currency
....something to think about
  • #687,882
  • Sep 26, 2022 3:29am Sep 26, 2022 3:29am
...whilst 0846 current dly hi holds the bearish hidden div that is present on 30min and 1hr could see some selling at some point?
Trader with an Edge.
  • #687,883
  • Sep 26, 2022 3:31am Sep 26, 2022 3:31am
Quoting Waveskierrob
{quote} ....something to think about
Maybe this is the goal
in wondering about yourself, you forgot what you came here to be part of
  • #687,884
  • Sep 26, 2022 3:32am Sep 26, 2022 3:32am
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!
I think it is more likely that the coup was in one pairing, the most vulnerable y/day ie gbpusd, and that spooked the others. We'll probably never know for sure. I just know some of the tricks having worked at that level for an institution (s.)
Trader with an Edge.
  • #687,885
  • Sep 26, 2022 3:35am Sep 26, 2022 3:35am
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}

You are a good trader.

This shows also why most of the traders loose. One two trades can destroy everything.

Japanese intervention created also false buy sentiment.
  • #687,886
  • Sep 26, 2022 3:35am Sep 26, 2022 3:35am
I have longs underwater since last week I woke up with Over 10k down.

if this was prop firm account I would have violate the DD

i use prop firm to scalp only cus that rules seems like a gambling and stressful policy
it’s hard to swing trade with prop firm because u have to make sure that ur entry is running at profit and locked

I want to close this long at 1..10 to 1.12

every year we see a crazy movement like this 1000pips crash a day in cable often happen once in a year so we just never know when it happens until it has.
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MY OPINION NOT FINANCIAL ADVISE
  • #687,887
  • Sep 26, 2022 3:36am Sep 26, 2022 3:36am
Quoting Elysion
{quote} 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.
How? I understand low liquidity during Asia session and have notice big trending moves recently instead of usually ranging session, but what are you buying or selling? If you are moving a currency, then you need some serious wedge, so why would you not concentrate on one pair... Or what are they selling / buying?
Don't trade what you think. Just what you see!!!
  • #687,888
  • Sep 26, 2022 3:36am Sep 26, 2022 3:36am
Good morning, everyone! Good start to the trading day.
I closed manually here.
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Funded trader
  • #687,889
  • Sep 26, 2022 3:40am Sep 26, 2022 3:40am
Consolidation phase. She want to sweep all SL first then going down
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #687,890
  • Sep 26, 2022 3:43am Sep 26, 2022 3:43am
Quoting Theoak
{quote} How? I understand low liquidity during Asia session and have notice big trending moves recently instead of usually ranging session, but what are you buying or selling? If you are moving a currency, then you need some serious wedge, so why would you not concentrate on one pair... Or what are they selling / buying?
I don't know anything about this, so you can send me back to the long grass if you want

But I see that USDX went up about 145 pips at the same times that GBP fell. I thought that some banks or Hedge funds or some other players who are holding GBP as a safe haven, saw the mini budget and decided to drop the GBP and Buy USD instead. Perhaps the sell of was noted by others who did the same thing. Like a snowball. I don't know if that's even possible, but the thought came to me when I saw USDX chart
I am neither brave nor stupid...I am just a part time trader
  • #687,891
  • Sep 26, 2022 3:44am Sep 26, 2022 3:44am
There seems to be a lot of "after the fact" profit posts recently, I myself have been guilty of this last week . If you are after recognition of your trading ability a good idea would be to post when open a trade, update from time to time and post when closed , we can all post "yea I made a billion pips " but it has no value and you will start to lose respect of fellow traders, if I'm wrong tell me to shut fuck up, I'm a big boy now and can handle it...
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  • #687,892
  • Sep 26, 2022 3:45am Sep 26, 2022 3:45am
Quoting knkie
{quote} Maybe this is the goal
...we don't know what goes through their heads
  • #687,893
  • Sep 26, 2022 3:45am Sep 26, 2022 3:45am
I might move over to EU as well. GU is too expensive right now.
Quoting Elysion
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.
Funded trader
  • #687,894
  • Sep 26, 2022 3:45am Sep 26, 2022 3:45am
Quoting sbmortimer
Good morning, everyone! Good start to the trading day. I closed manually here. {image}
I should have done the same. It got to about 5 pips under my TP!
I am neither brave nor stupid...I am just a part time trader
  • #687,895
  • Sep 26, 2022 3:45am Sep 26, 2022 3:45am
Quoting Eren10
{quote} You are a good trader. This shows also why most of the traders loose. One two trades can destroy everything. Japanese intervention created also false buy sentiment.
What is the matter with you people, how can you lose your accounts with 1 or 2 trades.

This is plain and simple bad trading, bad money management and a generally bad trading plan.

All trades have an element of risk, and you should at all times protect yourself from these events. They will happen time and time again.

Know your limits of loss. A sum you can easily recover from.
  • #687,896
  • Sep 26, 2022 3:46am Sep 26, 2022 3:46am
Quoting donfriday
I have longs underwater since last week I woke up with Over 10k down. if this was prop firm account I would have violate the DD i use prop firm to scalp only cus that rules seems like a gambling and stressful policy it’s hard to swing trade with prop firm because u have to make sure that ur entry is running at profit and locked I want to close this long at 1..10 to 1.12 every year we see a crazy movement like this 1000pips crash a day in cable often happen once in a year so we just never know when it happens until it has. {image}

Difficult situation.
Why are you not hedging when you want to swing large moves like this? I see way more downward pressure than the other way around.
Just today on Bloomberg a few institutional investors stated that they can not buy GBP and be exposed to this kind of uncertain risk, because mostly their rules don't allow this kind of exposure.

of course these are only individual voices but it might gives a hint of the sentiment from the money players.

until BOE does not come on the stage i would always feel uncomfortable with (big) long position. think about it.
  • #687,897
  • Sep 26, 2022 3:47am Sep 26, 2022 3:47am
Quoting Waveskierrob
There seems to be a lot of "after the fact" profit posts recently, I myself have been guilty of this last week . If you are after recognition of your trading ability a good idea would be to post when open a trade, update from time to time and post when closed , we can all post "yea I made a billion pips " but it has no value and you will start to lose respect of fellow traders, if I'm wrong tell me to shut fuck up, I'm a big boy now and can handle it... {image}

You made a billion pips?.......WOW!!
I am neither brave nor stupid...I am just a part time trader
  • #687,898
  • Sep 26, 2022 3:51am Sep 26, 2022 3:51am
Quoting greed
{quote} Difficult situation. Why are you not hedging when you want to swing large moves like this? I see way more downward pressure than the other way around. Just today on Bloomberg a few institutional investors stated that they can not buy GBP and be exposed to this kind of uncertain risk, because mostly their rules don't allow this kind of exposure. of course these are only individual voices but it might gives a hint of the sentiment from the money players. until BOE does not come on the stage i would always feel uncomfortable with (big) long...


the trade u saw is less than 1% of my equity

i dont risk money i cannot afford to lose
MY OPINION NOT FINANCIAL ADVISE
  • #687,899
  • Sep 26, 2022 3:51am Sep 26, 2022 3:51am
Will quit this market soon and focus on EU, way too unpredictable and manipulated
  • #687,900
  • Sep 26, 2022 3:51am Sep 26, 2022 3:51am
Quoting Indiara
{quote} I don't know anything about this, so you can send me back to the long grass if you want But I see that USDX went up about 145 pips at the same times that GBP fell. I thought that some banks or Hedge funds or some other players who are holding GBP as a safe haven, saw the mini budget and decided to drop the GBP and Buy USD instead. Perhaps the sell of was noted by others who did the same thing. Like a snowball. I don't know if that's even possible, but the thought came to me when I saw USDX chart
I don't know bud, but it should be disclosed as loads of accounts got blown.
Don't trade what you think. Just what you see!!!
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