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Cable Update (GBPUSD)

  • #698,741
  • Oct 20, 2022 9:35am Oct 20, 2022 9:35am
Quoting BigNumbers
I was given a red badgeand it disappeared after two days. I’m sure some red badge holders here may have protested against it. Guess what I have come to realize in life - People are not ready to see TRUE HEROES. I’m not afraid to say that I will make a mark in the Forex industry because I deserve it. I’m studying Save my name… BigNumbers. My only advise to newbie is to study and stop depending on indicators. Good luck to everyone. @BigNumbers.
IMHO red diamond should not be the aim. Having a system which gives you consistent win and keeping loss small should be the aim.
Regarding the learning, i agree.
In this industry, we kept learning everyday
More time in the market, does not mean you trade better!
  • #698,742
  • Oct 20, 2022 9:36am Oct 20, 2022 9:36am
Quoting Georginson
{quote} They are preparing it for a big dump... Do you think the market makers will want traders to make easy money? Hell no...
MM can go wrong sometimes. This is our relief. In the end, they will get bailed out if things go extremely bad whereas we get our accounts wipped out
POSTMASTER
  • #698,743
  • Oct 20, 2022 9:37am Oct 20, 2022 9:37am
Quoting BigNumbers
I was given a red badgeand it disappeared after two days. I’m sure some red badge holders here may have protested against it. Guess what I have come to realize in life - People are not ready to see TRUE HEROES. I’m not afraid to say that I will make a mark in the Forex industry because I deserve it. I’m studying Save my name… BigNumbers. My only advise to newbie is to study and stop depending on indicators. Good luck to everyone. @BigNumbers.


It is probably just a computer algorithm.
  • #698,744
  • Oct 20, 2022 9:39am Oct 20, 2022 9:39am
Quoting Robinhood1
{quote} They can go wrong sometimes. This is our relief. In the end, they will get bailed out if things go extremely bad whereas we get our accounts wipped out
Markets end up settling even if manipulation has been extra limiting. Natural Law, Mathematics.
POSTMASTER
  • #698,745
  • Oct 20, 2022 9:40am Oct 20, 2022 9:40am
Quoting Robinhood1
{quote} They can go wrong sometimes. This is our relief. In the end, they will get bailed out if things go extremely bad whereas we get our accounts wipped out

I have a bigger problem with brokerages making data available to whales that facilitates their hunting of stop losses and gaming of prices. The information should be confidential to the brokerage and not sold as it allows the whales to exploit retail traders.
  • #698,746
  • Oct 20, 2022 9:41am Oct 20, 2022 9:41am
BoJo looks like he has put his name in the contest
Insane in the Brain..
  • #698,747
  • Oct 20, 2022 9:43am Oct 20, 2022 9:43am
You can hold a piece of wood in the ocean but when let go it will pop up
POSTMASTER
  • #698,748
  • Oct 20, 2022 9:44am Oct 20, 2022 9:44am
Well I guess the bankers and money makers had their fun... It looks like it might be moving down again....
Attached Image (click to enlarge)
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My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #698,749
  • Oct 20, 2022 9:45am Oct 20, 2022 9:45am
Quoting Bella.al
{quote} This is my last trade for this range Short GBPUSD : 1.13216 S/L : 1.13581 T/P : 1.09570 {image}
Bella's Trend Cycles.

I am just counting on that Yesterday's High 1.13570 will hold . ( Last Trade )
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Goddess of Thunder..
  • #698,750
  • Oct 20, 2022 9:47am Oct 20, 2022 9:47am
That's enough for today
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  • #698,751
  • Oct 20, 2022 9:52am Oct 20, 2022 9:52am
Quoting Fardeen1209
On Daily chart, bearish, On 4hr, no buying interest. Fundamentals, no reason to buy GBP. #1 Higher CPI => Higher RAte => Recession #2 Higher CPI => BOE no hike by more than 50bps => Rate differentials In both cases, Bearish for £. Possible Todays Movement: Best scenario => Ranging. Normal Scenario < 1.1121 Worst Scenario < 1.09282 From Institutional POV: Knows the majority of Retails are short, They are coming for your SL, so They can add to their Short positions. 1.1266 range can be a good place to short(IMO) It is just some scenarios, the market...

Are you still considering any of the scenarios?
  • #698,752
  • Oct 20, 2022 9:53am Oct 20, 2022 9:53am
Attached Image (click to enlarge)
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rules
  • #698,753
  • Oct 20, 2022 9:54am Oct 20, 2022 9:54am
Sold at 1.1320... stop 1.1400... target is open for manual closure ..

London is closing... Daily range already 160 pips... This means 75% of today's risk is gone ..

Also 4 hours range already 94 pips .., most likely max is 130 pips ..
Data + Stat + Risk/Emotions Management
  • #698,754
  • Oct 20, 2022 9:58am Oct 20, 2022 9:58am
Closed with +34 pips.
I expected the pound to drop after Truss' resignation.
Funded trader
  • #698,755
  • Oct 20, 2022 9:58am Oct 20, 2022 9:58am
Inserted Video
POSTMASTER
  • #698,756
  • Oct 20, 2022 9:58am Oct 20, 2022 9:58am
Attached Image (click to enlarge)
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yes yes yes
  • #698,757
  • Oct 20, 2022 10:00am Oct 20, 2022 10:00am
there goes UJ. to 147.70
POSTMASTER
  • #698,758
  • Oct 20, 2022 10:03am Oct 20, 2022 10:03am
Gbpusd short tp 1.12400
  • #698,759
  • Oct 20, 2022 10:12am Oct 20, 2022 10:12am
Daily Chart, Analysis

We either have a letter M or this is starting to be an uptrend.
Attached Image(s) (click to enlarge)
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  • #698,760
  • Oct 20, 2022 10:13am Oct 20, 2022 10:13am
Quoting BigNumbers
I was given a red badgeand it disappeared after two days. I’m sure some red badge holders here may have protested against it. Guess what I have come to realize in life - People are not ready to see TRUE HEROES. I’m not afraid to say that I will make a mark in the Forex industry because I deserve it. I’m studying Save my name… BigNumbers. My only advise to newbie is to study and stop depending on indicators. Good luck to everyone. @BigNumbers.
Such a tantrum over a "badge" certainly reveals a lot about you.
To free Gazans of Hamas, use whatever it takes.
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