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Cable Update (GBPUSD)

  • #688,181
  • Sep 26, 2022 2:16pm Sep 26, 2022 2:16pm
Quoting nAVIN2007
{quote} I woke up this morning and saw we were at 1.05 and was thinking what the hell..this son bitch is looking to take me out But i think ..if i stuck to the orginal plan of USD reaching a top...this would be it I will be interested to see how USD act from now I hedged this trade with bitcoin and etherum.. I think i have lost the plot
nAVIN, glad you survived this chaos. What a night! I closed my trade and was tired went to sleep at 1:30am, all happend around 2am.
I missed all the fiasco. My old trade closed negative, but never mind, part of experience I guess.

If you can afford, hold until next year. You will save your £10k soon enough. As you trade longterm, trades go against us, this is part of the investment. Look at BTC as example.
Good luck nAvin!
  • #688,182
  • Sep 26, 2022 2:18pm Sep 26, 2022 2:18pm
Quoting nAVIN2007
{quote} I woke up this morning and saw we were at 1.05 and was thinking what the hell..this son bitch is looking to take me out But i think ..if i stuck to the orginal plan of USD reaching a top...this would be it I will be interested to see how USD act from now I hedged this trade with bitcoin and etherum.. I think i have lost the plot
nAVIN2007, as of right now...if it helps.
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Always trade your own plan...I don't provide trading signals.
  • #688,183
  • Edited 7:20pm Sep 26, 2022 2:19pm | Edited 7:20pm
Sold UJ at 11475. Trying waters.

Edit: closed +40pips.
Long entered.
  • #688,184
  • Edited 2:55pm Sep 26, 2022 2:23pm | Edited 2:55pm
Opened Long position
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  • #688,185
  • Sep 26, 2022 2:24pm Sep 26, 2022 2:24pm
Quoting Robinhood1
1.0744/1.0750 and back down again. I may be wrong
As it stands now 1.0770. Probably a bit higher in the end
POSTMASTER
  • #688,186
  • Sep 26, 2022 2:25pm Sep 26, 2022 2:25pm
In light of what is being widely seen as a ' toothless' Boe statement, I wonder whether some Lonon/NY whales have saved some big sell volume to spook the market (s) again tonight during the Asian session? It/they may still be vulnerable to the same trick again?
Trader with an Edge.
  • #688,187
  • Sep 26, 2022 2:48pm Sep 26, 2022 2:48pm
Quoting Coreg2004
{quote} nAVIN2007, as of right now...if it helps. {image}

pls what is cosmos pattern again
MY OPINION NOT FINANCIAL ADVISE
  • #688,188
  • Sep 26, 2022 3:01pm Sep 26, 2022 3:01pm
slightly bearish, switched to short
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  • #688,189
  • Sep 26, 2022 3:07pm Sep 26, 2022 3:07pm
Quoting donfriday
{quote} pls what is cosmos pattern again
donfriday, is the last zone I can think of using the 4H chart.
Always trade your own plan...I don't provide trading signals.
  • #688,190
  • Sep 26, 2022 3:13pm Sep 26, 2022 3:13pm
keep selling until there is an emergency BOE rate hike
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #688,191
  • Sep 26, 2022 3:16pm Sep 26, 2022 3:16pm
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ATR chart.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #688,192
  • Sep 26, 2022 3:35pm Sep 26, 2022 3:35pm
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Don’t focus on making $$$, focus on protecting what you have.
  • #688,193
  • Sep 26, 2022 3:56pm Sep 26, 2022 3:56pm
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}
Such devastating outcome, you must be very annoyed loosing the time, money and effort. Hope you also gained some valued skills during prop trading. Take a breath, do it again.

I also managed to breach MFF daily loss limit in just one day, leaving them open over night, this was last week. I went on a shopping spree trading 11 lots various pairs, and of course day later all trades would have became profitable. Good learning curve for me about overtrading, bad risk...

Take some time and take stress off, health is most important. Some of us will be around. Stay safe, you and your analysis will be missed
  • #688,194
  • Sep 26, 2022 4:18pm Sep 26, 2022 4:18pm
Quoting lddd
{image}
Update.

Just came back home after i placed my trade this afternoon. Honestly said, i didn't expect to find my self still in the trade. Typically 9 out of 10 attempts to hit such a top or bottom are losing. Today seems to be different. Unfortunately, it's only Monopoly money.

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  • #688,195
  • Sep 26, 2022 5:30pm Sep 26, 2022 5:30pm
I'm expecting rates to be raised in the very near future (surprise announcement).. And I'll be buying the pound real soon...A panicking market is the best market to get rich fast.
  • #688,196
  • Sep 26, 2022 5:40pm Sep 26, 2022 5:40pm
Quoting OragonFx
Crazy 30 spread {image}
Your spread qouted is 3 pips not 30.

Currency pairs by "5, 3 and 2" decimal places – also known as fractional pips or pipettes.
On a 5 decimal place currency pair a pip is 0.00010
On a 3 decimal place currency pair a pip is 0.010
On a 2 decimal place currency pair a pip is 0.10
For example: If GBP/USD moves from 1.06641 to 1.06651, that .00010 USD move higher is one pip.
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  • #688,197
  • Sep 26, 2022 5:48pm Sep 26, 2022 5:48pm
Quoting venividivici
I'm expecting rates to be raised in the very near future (surprise announcement).. And I'll be buying the pound real soon...A panicking market is the best market to get rich fast.
Yes, sadly mortgage rates and interests will double, no good..

Mini budget been mocked by everyone, morgage offers suspended. Pressure on big time, huge critisism on higher tax cut, I think will be reversed, banker bonus cap added back on, interest rates increased. What a nonsence been made trying to show of we can do what we like. Talk about it first, consider issue, no one makes jokes with your money, tax payers money.
  • #688,198
  • Sep 26, 2022 6:09pm Sep 26, 2022 6:09pm
Quoting Jolita
{quote} Your spread qouted is 3 pips not 30. Currency pairs by "5, 3 and 2" decimal places – also known as fractional pips or pipettes. On a 5 decimal place currency pair a pip is 0.00010 On a 3 decimal place currency pair a pip is 0.010 On a 2 decimal place currency pair a pip is 0.10 For example: If GBP/USD moves from 1.06641 to 1.06651, that .00010 USD move higher is one pip. {image}
So thats how you read it, in my meta4 it always show whole numbers but always wondered why its different in trading view . Thanks for taking the time to educate a newbie like me
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No pen no gen
  • #688,199
  • Sep 26, 2022 6:15pm Sep 26, 2022 6:15pm
Quoting OragonFx
{quote} So thats how you read it, in my meta4 it always show whole numbers but always wondered why its different in trading view . Thanks for taking the time to educate a newbie like me {image}
No worries, every platform has different view.
Just add dot on spread where I marked in green, thats the spread,
7. 2 pips.
  • #688,200
  • Sep 26, 2022 6:27pm Sep 26, 2022 6:27pm
Quoting OragonFx
Crazy 30 spread {image}
Dont count baby pip mate.
your 30 seem included baby pip
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