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Cable Update (GBPUSD)

  • #695,681
  • Oct 13, 2022 5:08am Oct 13, 2022 5:08am
Quoting TheWolf
Ata is suggesting they might have leaked CPI numbers already thus Euro went up. 0.974 is resistance he is looking at and have said if this gets broken, he is sure someone leaked the numbers.. Interesting..
The EU appears to be fading.
  • #695,682
  • Oct 13, 2022 5:09am Oct 13, 2022 5:09am
Is anybody looking forward to long UJ?
I want to long it for CPI. cause i'm bullish for usd on CPI
More time in the market, does not mean you trade better!
  • #695,683
  • Oct 13, 2022 5:10am Oct 13, 2022 5:10am
Quoting WizardTrade
We are heading down quickly. Beware bulls. You are warned
Do you believe that this will be before CPI or post CPI
  • #695,684
  • Oct 13, 2022 5:10am Oct 13, 2022 5:10am
Quoting Fardeen1209
Is anybody looking forward to long UJ? I want to long it for CPI. cause i'm bullish for usd on CPI
USD/JPY no. I have short orders on GBP/USD though..
  • #695,685
  • Oct 13, 2022 5:10am Oct 13, 2022 5:10am
Quoting dantpm
{quote} Do you believe that this will be before CPI or post CPI
Near or Post CPI
WARNING: This post warps space and time in its vicinity.
  • #695,686
  • Oct 13, 2022 5:13am Oct 13, 2022 5:13am
Quoting WizardTrade
{quote} Near or Post CPI
It makes sense to my small brain. My small brain doesn't understand the exuberance shown to the GU pre cpi!
  • #695,687
  • Oct 13, 2022 5:13am Oct 13, 2022 5:13am
Quoting Yngwie
Waiting 1H candle to open above 1.1130 to add lot Yes I have a dream
My dream come true. Added
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #695,688
  • Oct 13, 2022 5:13am Oct 13, 2022 5:13am
Quoting Fardeen1209
Is anybody looking forward to long UJ? I want to long it for CPI. cause i'm bullish for usd on CPI
I'm a scaredy cat to Buy UJ.
I am neither brave nor stupid...I am just a part time trader
  • #695,689
  • Oct 13, 2022 5:14am Oct 13, 2022 5:14am
I started laughing yesterday when Fed didn't do anything with the price. We expected movement but nothing LoL.

I think Powell was laughing at us so hard hahaha.
GOT YOU!!
  • #695,690
  • Oct 13, 2022 5:14am Oct 13, 2022 5:14am
Will we see 112 anytime soon? That is a question for detective Columbo detectives
Insane in the Brain..
  • #695,691
  • Oct 13, 2022 5:16am Oct 13, 2022 5:16am
Quoting dantpm
{quote} It makes sense to my small brain. My small brain doesn't understand the exuberance shown to the GU pre cpi!
Nevermind Enjoy the ride and forget about everything
WARNING: This post warps space and time in its vicinity.
  • #695,692
  • Oct 13, 2022 5:17am Oct 13, 2022 5:17am
Quoting TheWolf
{quote} USD/JPY no. I have short orders on GBP/USD though..
It will be only half my usual lot size, i start to train myself to trade high risk setup. Cause when cable was dumped when Gilts problem started, i mostly sit and watch, since it was my first time experiencing this type of environment for GU.
Even tho it was very volatile, all setup was respected, but i barely ate green pips that Monday
More time in the market, does not mean you trade better!
  • #695,693
  • Oct 13, 2022 5:19am Oct 13, 2022 5:19am
price to retrace from 1165/1150 to 1100.

IMO
Intraday only.
  • #695,694
  • Oct 13, 2022 5:24am Oct 13, 2022 5:24am
Quoting Indiara
{quote} I'm a scaredy cat to Buy UJ.
It will come over time, when you will had enough being a scaredy cat.
You will want to be a BigCat
Attached Image (click to enlarge)
Click to Enlarge Name: Big cat.jpg Size: 75 KB
More time in the market, does not mean you trade better!
  • #695,695
  • Oct 13, 2022 5:28am Oct 13, 2022 5:28am
Quoting Fardeen1209
{quote} It will come over time, when you will had enough being a scaredy cat. You will want to be a BigCat {image}
I hope I can focus like that beautiful big cat is doing
I am neither brave nor stupid...I am just a part time trader
  • #695,696
  • Oct 13, 2022 5:28am Oct 13, 2022 5:28am
1160 looks very tempting to short, but I feel there is another leg up in GU, EU and stocks before CPI.
  • #695,697
  • Oct 13, 2022 5:28am Oct 13, 2022 5:28am
I can do it perfectly fine on demo. On Live, I lose everything.
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-10-13 11_08_00-cTrader 4.4.13.png Size: 54 KB
  • #695,698
  • Oct 13, 2022 5:30am Oct 13, 2022 5:30am
Quoting Fardeen1209
{quote} It will be only half my usual lot size, i start to train myself to trade high risk setup. Cause when cable was dumped when Gilts problem started, i mostly sit and watch, since it was my first time experiencing this type of environment for GU. Even tho it was very volatile, all setup was respected, but i barely ate green pips that Monday
This was the first time for everyone that we witnessed Pound trading at 1.03 vs USD. Man, when you see great traders like Georginson are starting to trip up, you know shit just got real and extremely hard to forecast anything and understand the depth of it. We will start getting huge-ass candles as were in 07-08. Noone can prepare for this.. money management just became the most important thing ever for traders. It was important before, but now it's important as ever..
  • #695,699
  • Oct 13, 2022 5:31am Oct 13, 2022 5:31am
Quoting MrFanciful
I can do it perfectly fine on demo. On Live, I lose everything. {image}
The difference is psychology.

Maintain risk management by keeping stop loss in live as well as demo account.
Intraday only.
  • #695,700
  • Oct 13, 2022 5:34am Oct 13, 2022 5:34am
Quoting navk
{quote} The difference is psychology. Maintain risk management by keeping stop loss in live as well as demo account.
Always have a SL. Move it to break even after 20 pips or so
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