Cable Update (GBPUSD)

Quoting Fardeen1209

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{quote} I'm a snail learner which got burned many times on FOMC day because when interest rate goes up, meaning the currency goes up (and I bought many times). However, it is completely false, because it appears too easy. In fact the currency will appreciate only when the country's central bank released rate hike more than market expectation. For eg, USD will go up if FED release hike by 50bps instead of 25bps. Why that? I searched into it and got the concept of price in which translates into "buy the rumour sell the news"

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Quoting Elysion

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{quote} Headland's post is definitely valuable but sadly I dont have the time to view it everytime during my trade.

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Quoting Pat Chiko

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{quote} Some people make hindsight trading posts on this thread. And newbie amazed with mouth opened (They just couldn't handle foresight trades) Few people actually trade in real time. Don’t confuse the two. Big difference mentally. 95% can do one, 5% the other.

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Quoting Fardeen1209

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{quote} I'm a snail learner which got burned many times on FOMC day because when interest rate goes up, meaning the currency goes up (and I bought many times). However, it is completely false, because it appears too easy. In fact the currency will appreciate only when the country's central bank released rate hike more than market expectation. For eg, USD will go up if FED release hike by 50bps instead of 25bps. Why that? I searched into it and got the concept of price in which translates into "buy the rumour sell the news"

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Quoting Pat Chiko

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{quote} Some people make hindsight trading posts on this thread. And newbie amazed with mouth opened (They just couldn't handle foresight trades) Few people actually trade in real time. Don’t confuse the two. Big difference mentally. 95% can do one, 5% the other.

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Quoting Waveskierrob

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{quote} "Post of the Day" ....

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Quoting Pat Chiko

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{quote} So many of them when you pay attention on hindsight, they boast. When their (hindsight guy) trades went under, she delete, adjust all mention of it off all and jump on the bandwagon, these people are the worst and apparently are our "experts" lol nothing but frauds . That’s why we should get better as a community and stop slandering real trade setups instead of hindsight see I told you so trade. That's why " MOTY get my full respect for being real time traders and transparent" For Real time traders, Don’t hindsight trade. If you have not...

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Quoting Indiara

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{quote} Yes!!

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Quoting Indiara

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I just called in on my way to my bed because it's been a long day for me, and a long wait for my UJ trade to hit TP. I post my live trades on my journal now instead of here, but I will still come and say 'hi' sometimes. I hope you all make some NY pips later, but for me I have my pips for the day so I will go to my bed.....after one more coffee

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Quoting Pat Chiko

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{quote} Watch out, your cat may keep some treasure at home. {image}

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Quoting ninabobo

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Hi, I'm new to ff...I was hoping someone here would be kind enough to correct me if i'm wrong, thx Short UJ @130.1 -> 129.250 {image}

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Quoting ninabobo

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{quote} SL to BE +long GU 1.2316 -> 1.235

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Quoting Pat Chiko

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{quote} Hi Indiara. Maybe UJ want to short change the bear by picking up demand zone, after breaking BSL/BSZ. Just watch the TP level, as it may want to play trick on FOMC day.{image}

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Quoting Indiara

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{quote} I sold from just under the 130 line to S1 line, which was the 20 pips I needed. I posted it live in my journal and it was not easy to watch it going up and down, but my reasoning held true. I won't see FOMC and these NY events, so I will just have to see what Uncle Frankie and London bring

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Quoting Pat Chiko

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{quote} Hi Indiara. I'm off now. UJ had given much more than GU. Taking a break for my smoke. BTW, do you smoke ?. Take care and best wishes.{image}

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Quoting Pat Chiko

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{quote} Can I ask for upgrade " Post of the week"?.........

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