Cable Update (GBPUSD)

Quoting Elysion

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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.

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Quoting sbmortimer

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Good morning, everyone! Good start to the trading day. I closed manually here. {image}

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Quoting Eren10

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{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.

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Quoting donfriday

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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}

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Quoting Waveskierrob

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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}

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Quoting greed

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{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...

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Quoting Indiara

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{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

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Quoting Nala66

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{quote} 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.

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Quoting Waveskierrob

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{quote} ...we don't know what goes through their heads

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Quoting Waveskierrob

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{quote} I have LONG's GU from 1.1440 averaging down to 1.0580, no sweat because I have good MM on my side

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Quoting Fardeen1209

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~900pips already range for the day

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Quoting knkie

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{quote} what wlll we trade if its all 1=1=1 ??!

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Quoting donfriday

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{quote} heeee u are under ocean not just water bro

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Quoting Georginson

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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}

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Quoting Waveskierrob

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{quote} Anything ...I've seen two blokes bet on which cup a fly will land on first in between horse races...

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