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Cable Update (GBPUSD)

  • #689,241
  • Sep 28, 2022 10:58am Sep 28, 2022 10:58am
Quoting Pat Chiko
DJIA What do you think of this post ? {image} 10 hours after taking the trades, I now declare to close it with frucking profit. Where does this lead to ?
Let me evaluate this one
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  • #689,242
  • Sep 28, 2022 11:01am Sep 28, 2022 11:01am
Quoting Pat Chiko
DJIA What do you think of this post ? {image} 10 hours after taking the trades, I now declare to close it with frucking profit. Where does this lead to ?
Estimating this
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  • #689,243
  • Sep 28, 2022 11:03am Sep 28, 2022 11:03am
Quoting knkie
hahah wow talk about a margin call {image}

I got some Newbie question.....

Why would a pension fund get a margin call?
Do they hedge asset liabilities with long term dated bonds with the collateral drop 50% go figure. ?

In any other countries Pension funds don’t lever.
There’s no such thing as margin call with pension funds lol!

What kind of margin we are talking about.......?

Is this UK or Zimbabwe here...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #689,244
  • Sep 28, 2022 11:05am Sep 28, 2022 11:05am
Quoting Pat Chiko
{quote} I got some Newbie question..... Why would a pension fund get a margin call? Do they hedge asset liabilities with long term dated bonds with the collateral drop 50% go figure. ? In any other countries Pension funds don’t lever. There’s no such thing as margin call with pension funds lol! What kind of margin we are talking about.......? Is this UK or Zimbabwe here...
They got me scratching my head
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  • #689,245
  • Sep 28, 2022 11:07am Sep 28, 2022 11:07am
Time to go long on this beast
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  • #689,246
  • Sep 28, 2022 11:09am Sep 28, 2022 11:09am
Quoting Pat Chiko
DJIA What do you think of this post ? {image} 10 hours after taking the trades, I now declare to close it with frucking profit. Where does this lead to ?
This is what happens when you make loads of money
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  • #689,247
  • Sep 28, 2022 11:10am Sep 28, 2022 11:10am
Quoting Pat Chiko
{quote} Finally, after long period of trading you decided to closed. Congrat Bro. Such a nice swing trade you made earlier. BTW, I'm thinking to short this pair again at this level. What say you on this. Thanks & enjoy your profit. {image}
Yes and I’m very happy with the pips was absolutely mad but now the feds came out dovish and it looks like inflation has peaked seems usd has met it’s faith now I buy eurusd
Master your mind. Master Trading.
  • #689,248
  • Sep 28, 2022 11:16am Sep 28, 2022 11:16am
Quoting KareemAliFx
{quote} Yes and I’m very happy with the pips was absolutely mad but now the feds came out dovish and it looks like inflation has peaked seems usd has met it’s faith now I buy eurusd
Good for you Kareem.
Happy if I could, one day trad like you with full confidence.

Thanks for sharing your trade ideas and thought process.
Learned a lot and will be learning more from you.

Best Wishes
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #689,249
  • Sep 28, 2022 11:28am Sep 28, 2022 11:28am
Quoting WizardTrade
Time to go long on this beast
long GU? Ouch
Insane in the Brain..
  • #689,250
  • Sep 28, 2022 11:30am Sep 28, 2022 11:30am
Quoting BeeTogether
{quote} long GU? Ouch
I am long for a quick scalp
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  • #689,251
  • Sep 28, 2022 11:31am Sep 28, 2022 11:31am
Quoting WizardTrade
{quote} They got me scratching my head
I think a lot of people were scratching their heads lol

for some reason my pension website was down for maintenance at the same time. Not that I even knew that the pension thing was happening lol
Insane in the Brain..
  • #689,252
  • Sep 28, 2022 11:32am Sep 28, 2022 11:32am
Quoting WizardTrade
{quote} I am long for a quick scalp
proper sniper lol
Insane in the Brain..
  • #689,253
  • Sep 28, 2022 11:32am Sep 28, 2022 11:32am
one push higher around 1.0930?
  • #689,254
  • Sep 28, 2022 11:33am Sep 28, 2022 11:33am
Quoting ForexGoose
{quote} what kind of idiots manage these pension funds?
That's the wrong question to ask.

What I'm seeing is they short bonds when BoE just told they'll buy them.
Are they willing to play against infinite balance sheet?

Clearly not a policy mistake or idiot manager then… market forced the hand of the BoE.
If Pension funds are leveraged, they’re literally playing with the retirees income.
Never heard any country allows that.

Never knew pension funds trading is just like mine

Remember the three "L" that's bad for you if taken in excessive
Ladies, liquor and leverage
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #689,255
  • Edited 1:19pm Sep 28, 2022 11:34am | Edited 1:19pm
...as Bones pointed out earlier today, (before the rise from the current dly lo really got started,) the Dly chart was pointing to at least a pullback after Monday's drop and Tuesday's dly candle seemed to be confirming that. It was the Boe intervention pump and dump that screwed it initially, but the market got there in the end. Y/day's inverted hammer on dly closed outside it's 20bol, with osc's in o/s territory.

Re 1hr - pretty straight line rise up from current and likely dly lo, the current dly hi is in that prev 1hr/4hr sw hi zone that leads to mon's dly hi @ a 76.4% fib, where supply was encountered. A 377pip/249% 30day adr (so far) rise.

Dly, then 1hr below, then fibs list.
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Trader with an Edge.
  • #689,256
  • Sep 28, 2022 11:36am Sep 28, 2022 11:36am
Quoting lddd
{quote} Hehe. There came the move up again, even earlier. Stopped out with both short positions. No worries, only demo money (plus still ended little profitable). {image} Edit: What is the trend?
Down. Doble top me Real account
POSTMASTER
  • #689,257
  • Sep 28, 2022 11:40am Sep 28, 2022 11:40am
Another quick long scalp done and dusted. Enough for today. Take care friends. Catch you again.
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  • #689,258
  • Sep 28, 2022 11:44am Sep 28, 2022 11:44am
Quoting WizardTrade
{quote} I am long for a quick scalp
Too much confusion in trding GU....... I decided to move into uncrowded market.......

If you're looking for an uncrowded trade in UK markets... betting markets are pricing in a 10% probability PM Truss goes by year-end (granted up from 0 at the start of the week)

I'm in starting with 1,000 pound. Place your trade..

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #689,259
  • Sep 28, 2022 11:59am Sep 28, 2022 11:59am
This is 350 pips bulls run
Leave something for tomorrow mf
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yes yes yes
  • #689,260
  • Sep 28, 2022 12:02pm Sep 28, 2022 12:02pm
Quoting Wavegarrick
{quote} Could we see my weekly pivot at 1.10478?. Lots of high value moves at these extreme levels. Trade safe. Cheers. {image}
Super crazy moves today as well as Bank of England had to intervene to salvage an already horrible situation but I feel this intervention may be short lived as there are numerous challenges facing the UK and USD seem to be on fire.

From technical angle...
1.0940 is a major decider between 1.1044 / 1.1096 and 1.0550 / 1.0630...

Above 1.0940 exposes 1.1044
Below 1.0940 still targets 1.0630

Keeping it simple I do be selling from 1.09 with stop loss at 1.0950 and a target of 1.0650... my stop is tight but potential reward is much... If it hits my stop, I do wait to sell again from 1.1040 and target 1.0900...
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