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Cable Update (GBPUSD)

  • #687,981
  • Sep 26, 2022 6:04am Sep 26, 2022 6:04am
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  • #687,982
  • Sep 26, 2022 6:04am Sep 26, 2022 6:04am
Quoting Indiara
{quote} Trade is protected now.
GU ate my SL. I was watching USDX rise, so I thought this may happen. SL was at +4, so is all ok

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I am neither brave nor stupid...I am just a part time trader
  • #687,983
  • Sep 26, 2022 6:06am Sep 26, 2022 6:06am
Nobody:
Literally nobody:
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No one will ever take responsibility of the consequences of what they are doing!
More time in the market, does not mean you trade better!
  • #687,984
  • Sep 26, 2022 6:09am Sep 26, 2022 6:09am
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  • #687,985
  • Sep 26, 2022 6:10am Sep 26, 2022 6:10am
Quoting Pat Chiko
What can the BoE do in a GBP fiscal crisis? Emergency hike but markets will want >200bps (kills economy). BoE has small FX reserves pool. Treasury needs to instruct BoE to use theirs. Even jointly... reserves will run out in weeks. BoE thrown to market wolves. No easy way out {image}
Listening to some government nut job talk about stimulatig the economy to solve the current economic crisis. The crisis has been caused by energy costs and excess liquidity . He isn't addressing these issues.
As bad as the fed raising rates to combat inflation in the US. Inflation in the US is due to the Ukraine war and excess liquidity in the economy that was used to combat covid. The fed is hurting the economy by pretending to fix the problem with the wrong tools.
  • #687,986
  • Sep 26, 2022 6:10am Sep 26, 2022 6:10am
Quoting Fardeen1209
Nobody: Literally nobody: {image}No one will ever take responsibility of the consequences of what they are doing!
usd naked n wild again
  • #687,987
  • Sep 26, 2022 6:10am Sep 26, 2022 6:10am
Quoting Indiara
{quote} GU ate my SL. I was watching USDX rise, so I thought this may happen. SL was at +4, so is all ok {image}
It has been doing that to me al day!
  • #687,988
  • Sep 26, 2022 6:13am Sep 26, 2022 6:13am
Quoting dantpm
{quote} It has been doing that to me al day!
Is better than a loss though!

UJ would have been a nice Buy 144.000 instead of GU, but I can't buy UJ at this price.
I am neither brave nor stupid...I am just a part time trader
  • #687,989
  • Sep 26, 2022 6:13am Sep 26, 2022 6:13am
Shprt Follow Up
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  • #687,990
  • Sep 26, 2022 6:15am Sep 26, 2022 6:15am
Quoting parisboy
{image}
GU

Copy trade. Scalp LONG.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,991
  • Sep 26, 2022 6:16am Sep 26, 2022 6:16am
Quoting Indiara
{quote} GU ate my SL. I was watching USDX rise, so I thought this may happen. SL was at +4, so is all ok {image}
My girl here always has a smiley face whether TP hit or SL.
She keeps the emotion out of the game.
How you manage to do that bro, any tips?
More time in the market, does not mean you trade better!
  • #687,992
  • Sep 26, 2022 6:19am Sep 26, 2022 6:19am
Quoting Indiara
{quote} Is better than a loss though! UJ would have been a nice Buy 144.000 instead of GU, but I can't buy UJ at this price.
Some are saying BOJ draw the line at 146 and it wont defend 145
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More time in the market, does not mean you trade better!
  • #687,993
  • Sep 26, 2022 6:23am Sep 26, 2022 6:23am
Quoting Fardeen1209
DXY preparing to go up. Preparing to short GU and EU {image}
EU FTP hit
More time in the market, does not mean you trade better!
  • #687,994
  • Sep 26, 2022 6:23am Sep 26, 2022 6:23am
Quoting Fardeen1209
{quote} My girl here always has a smiley face whether TP hit or SL. She keeps the emotion out of the game. How you manage to do that bro, any tips?
I think that our trading is like the trend. It goes up and then down a little. Then up more, and down a little, Then up more and down a little. Can't go in a straight line! So we have a nice win, and a small loss. A nice win and a small loss. A nice win, and a small loss. It's a game that the market is playing with us. Market has to win a little sometimes. So when market is more smart than us, we have to smile and pay respect to the market. When we win, we smile and hope that the market is smiling too, because this time, we were a little smarter. Is a game

Market ate my GU SL, and now is going up again. Market was smarter than me. I smile and pay respect to the market and perhaps the next trade I will be a little smarter.
I am neither brave nor stupid...I am just a part time trader
  • #687,995
  • Sep 26, 2022 6:23am Sep 26, 2022 6:23am
Quoting Pat Chiko
{quote} GU Copy trade. Scalp LONG. {image}
GU

Whichever cum first........
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,996
  • Sep 26, 2022 6:25am Sep 26, 2022 6:25am
Quoting Theoak
It's basically trickle down economic. Give loads of money to the rich and let some residual trickle down to the peasants. Most the economists say it's a disaster, waiting to happen has the debt the government rack up has to be paid back. The government gives the BOE targets to achieve one is inflation. The many weapon is interest rates, but increasing the rate slows growth. It is counter intrusive.... One thing for sure the Rich get Richer; and poor get poorer.
Can't remember where I read this, maybe on FF, "...it's like going in a restaurant paying for the richest person in there to have the most expensive steak and when they have finished you hope to get to lick the plate "
  • #687,997
  • Sep 26, 2022 6:25am Sep 26, 2022 6:25am
Quoting Fardeen1209
{quote} Some are saying BOJ draw the line at 146 and it wont defend 145 {image}
I have a Sell Stop at 143.890. If UJ breaks into the 145 range, I will move Sell Stop up to see if I can catch Kuroda San for some pips like last time
I am neither brave nor stupid...I am just a part time trader
  • #687,998
  • Sep 26, 2022 6:28am Sep 26, 2022 6:28am
Quoting Indiara
{quote} I have a Sell Stop at 143.890. If UJ breaks into the 145 range, I will move Sell Stop up to see if I can catch Kuroda San for some pips like last time
This time i will use your strategy. If i get to catch at least 200pips on the move, i will be happy.
More time in the market, does not mean you trade better!
  • #687,999
  • Sep 26, 2022 6:28am Sep 26, 2022 6:28am
Quoting Theoak
{quote} Drugs
"Where"
  • #688,000
  • Sep 26, 2022 6:33am Sep 26, 2022 6:33am
Quoting Fardeen1209
{quote} This time i will use your strategy. If i get to catch at least 200pips on the move, i will be happy.
Anything that we can catch is good

I wonder how much BOJ spent on the intervention. It did not change the market trend, and I didn't think that it would, or could. Market will decide it's own level.
I am neither brave nor stupid...I am just a part time trader
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