Cable Update (GBPUSD) | Page 34446 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #688,901
  • Sep 28, 2022 5:28am Sep 28, 2022 5:28am
Quoting Theoak
{quote} They are taking the currency out of the market... Buying it.. Make the pound stronger!!!
I'd say watchout, GU failed to break a resistance.
More time in the market, does not mean you trade better!
  • #688,902
  • Sep 28, 2022 5:28am Sep 28, 2022 5:28am
Quoting Indiara
{quote} Yes, I don't understand it either. Perhaps that because GBP is a big player and the UK is a pretty important economy, this news freaked out all the other players too? It all flies at about 10,000 feet over my head
My guess is that no one wants UK treasure notes because of their face value interest rates without big discounts. If the UK buy these back there is supposed to be more liquidity available for new notes to be floated on the market.
  • #688,903
  • Sep 28, 2022 5:29am Sep 28, 2022 5:29am
Quoting Fardeen1209
{quote} Look for currency correlations you will understand what you've missed. How external factors affect them. And so on..
Yes, I will have to do some homework on this. Lot's and lot's to learn.
I am neither brave nor stupid...I am just a part time trader
  • #688,904
  • Sep 28, 2022 5:33am Sep 28, 2022 5:33am
Quoting Indiara
{quote} Yes, I don't understand it either. Perhaps that because GBP is a big player and the UK is a pretty important economy, this news freaked out all the other players too? It all flies at about 10,000 feet over my head
I don't understand how it effects all the others, but it does. Maybe there are all algo's that pick up on price and just activate!! It would be nice to know for sure.
Don't trade what you think. Just what you see!!!
  • #688,905
  • Sep 28, 2022 5:33am Sep 28, 2022 5:33am
Daily target program completed. I prefer to rest & not trade this madman until he is tamed. goodbye until tomorrow Be careful guys
There is nothing wrong with being kind & loving to each other
  • #688,906
  • Sep 28, 2022 5:34am Sep 28, 2022 5:34am
G/M, well that was some pump and dump reacting to latest Boe announcement re gilts as Uk uniquely calls them, (Uk govt debt.) Will doubtless have taken a few out of positions and some slippage as well?

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
Trader with an Edge.
  • #688,907
  • Sep 28, 2022 5:34am Sep 28, 2022 5:34am
Quoting Indiara
{quote} Yes, I will have to do some homework on this. Lot's and lot's to learn.
Ohh yeah, everytime you learn something new and think you've master it, the market will act like:
Attached Image (click to enlarge)
Click to Enlarge Name: DgZqK4mXcAAeSoW.jpg Size: 16 KB

It keeps getting deeper and deeper.
More time in the market, does not mean you trade better!
  • #688,908
  • Sep 28, 2022 5:35am Sep 28, 2022 5:35am
Here is what the GU spike looked like on the 10 second chart if you don't have it.
Attached Image (click to enlarge)
Click to Enlarge Name: spike.png Size: 13 KB
  • #688,909
  • Sep 28, 2022 5:35am Sep 28, 2022 5:35am
Quoting Elysion
that candle alone blew my account. nice

Look on the bright side! You just learned a valuable lesson about overleveraging and stop loss.
  • #688,910
  • Sep 28, 2022 5:35am Sep 28, 2022 5:35am
Now, it needs to collapse again to make my day
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #688,911
  • Sep 28, 2022 5:35am Sep 28, 2022 5:35am
Another 8% because I'm crazy enough to use a 5 pip stop on the 1 minute chart
  • #688,912
  • Sep 28, 2022 5:36am Sep 28, 2022 5:36am
trapped...sigh...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220928_173536.jpg Size: 346 KB
  • #688,913
  • Sep 28, 2022 5:36am Sep 28, 2022 5:36am
Quoting Piparins
{quote} Look on the bright side! You just learned a valuable lesson about overleveraging and stop loss.
An expensive one
Don't trade what you think. Just what you see!!!
  • #688,914
  • Sep 28, 2022 5:37am Sep 28, 2022 5:37am
Crazy mf
200 pips false break crooky wick
Lucky i am out until tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-09-28-13-35-17-168_net.metaquotes.metatrader4.jpg Size: 718 KB
yes yes yes
  • #688,915
  • Sep 28, 2022 5:37am Sep 28, 2022 5:37am
Quoting Mitiblotch
I cannot wait again. Short 0687. TP 0410
This took out my SL at 1.08. I expected spikes and that was the reason for keeping my stop that far away, yet the banks win. Am I bothered? No.

Short again from 0679. TP 0410.
  • #688,916
  • Sep 28, 2022 5:38am Sep 28, 2022 5:38am
I am not trading cable but GBPJPY so correlating. I wanted to short above that high but its been so quick its the best i could. I never limit orders for the same reason as SL hunting meanfully. Forgive my English, its not my first language but i thing members can understand.

Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (4966).png Size: 25 KB
POSTMASTER
  • #688,917
  • Sep 28, 2022 5:38am Sep 28, 2022 5:38am
Quoting Fardeen1209
{quote} Ohh yeah, everytime you learn something new and think you've master it, the market will act like "You know nothing, Jon Snow" It keeps getting deeper and deeper.
...and the market is always, always right
  • #688,918
  • Sep 28, 2022 5:38am Sep 28, 2022 5:38am
Quoting Fardeen1209
{quote} Ohh yeah, everytime you learn something new and think you've master it, the market will act like "You know nothing, Jon Snow" It keeps getting deeper and deeper.
Yes, the more I know, the more I realize how much I don't know!!
I am neither brave nor stupid...I am just a part time trader
  • #688,919
  • Sep 28, 2022 5:39am Sep 28, 2022 5:39am
Quoting Moty
Crazy mf 200 pips false break crooky wick Lucky i am out until tomorrow {image}
Yeah... there was liquidity up there so they move fast, scrape the liquidity, prevent buyers who don't use auto TP from banking profits and then head down. Hopefully we crash it down now to 1.03. That's the only thing that will assuage my annoyance at that humongous spike.
  • #688,920
  • Sep 28, 2022 5:39am Sep 28, 2022 5:39am
I closed my UJ trade for a 2 pip loss. I don't think that it's wise to hold this under these conditions

Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 56 KB
I am neither brave nor stupid...I am just a part time trader
292 traders viewing now