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Cable Update (GBPUSD)

  • #738,581
  • Mar 30, 2023 5:21pm Mar 30, 2023 5:21pm
Eurusd looks primed for another leg up buys still in and holding firm
Master your mind. Master Trading.
  • #738,582
  • Mar 30, 2023 5:26pm Mar 30, 2023 5:26pm
Quoting dempire1
{quote} Well. Its a business. Roughly 200M in revenue per year business.
You're on the right track! Brokers are heavily invested in retail trading because of the 90/90/90 phenomenon. Have you ever heard of it?

It is known amongst brokers that in 90 days, 90% of all their retail traders lose 90% of their initial capital. By design, the forex market is a zero-sum business. This means for every winner, there is a loser on the other end of the trade. Who fills the other end? Brokers. The way brokers operate produces several conflicts of interest for retail traders.

Your 90% losing track record becomes their 90% winning track record!
Discouragement is the language of the devil. Results over hype.
  • #738,583
  • Mar 30, 2023 5:48pm Mar 30, 2023 5:48pm
GU:H4
31 March Last day of Monthly Candle.
Today(Friday) My View.
Trade Safe.
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Intraday Trading is an Art _ hoda
  • #738,584
  • Mar 30, 2023 5:56pm Mar 30, 2023 5:56pm
Quoting KareemAliFx
Eurusd looks primed for another leg up buys still in and holding firm
I concur, check my most recent post on EU - be weary of a potential stop hunt against buyers!

https://www.forexfactory.com/thread/...2#post14380402
Discouragement is the language of the devil. Results over hype.
  • #738,585
  • Mar 30, 2023 6:01pm Mar 30, 2023 6:01pm
Quoting callmechief
{quote} As I've said before buddy, I met a retired CFD brokerage owner that was headquartered in Egypt. They weren't a market maker. He had a colleague who said the average cost to move any forex instrument 1 pip was around 1 million dollars.
as long as its a reliable source
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #738,586
  • Mar 30, 2023 6:04pm Mar 30, 2023 6:04pm
Looking to short EURJPY at the break of yesterday's high. SL 10 pips outside yesterday's high. Big, fat multi-session, multi-day, peak formation M for the week.
Discouragement is the language of the devil. Results over hype.
  • #738,587
  • Mar 30, 2023 6:11pm Mar 30, 2023 6:11pm
Quoting callmechief
{quote} I concur, check my most recent post on EU - be weary of a potential stop hunt against buyers! https://www.forexfactory.com/thread/...2#post14380402
thats okay I’m hedging, regardless of the move I’ll profit . A big move is coming
Master your mind. Master Trading.
  • #738,588
  • Mar 30, 2023 6:21pm Mar 30, 2023 6:21pm
Quoting callmechief
{quote} You're on the right track! Brokers are heavily invested in retail trading because of the 90/90/90 phenomenon. Have you ever heard of it? It is known amongst brokers that in 90 days, 90% of all their retail traders lose 90% of their initial capital. By design, the forex market is a zero-sum business. This means for every winner, there is a loser on the other end of the trade. Who fills the other end? Brokers. The way brokers operate produces several conflicts of interest for retail traders. Your 90% losing track record becomes their 90% winning...

yes true bro, but in life trading we need to pay the bill , as retail trader dont give up, we as retail trader dont stop trading , dont scare about cut the loss , because when u start cut the loss they make profit but we as retail trader responsibility to move on the trade to pay the bill ... as my opinion tq bro
WHEN THE MARKET WANTS TO REWARD YOU WITH A CERTAIN AMOUNT OF PROFIT TAKE IT
  • #738,589
  • Edited 6:33pm Mar 30, 2023 6:23pm | Edited 6:33pm
Quoting callmechief
{quote} You're on the right track! Brokers are heavily invested in retail trading because of the 90/90/90 phenomenon. Have you ever heard of it? It is known amongst brokers that in 90 days, 90% of all their retail traders lose 90% of their initial capital. By design, the forex market is a zero-sum business. This means for every winner, there is a loser on the other end of the trade. Who fills the other end? Brokers. The way brokers operate produces several conflicts of interest for retail traders. Your 90% losing track record becomes their 90% winning...
Yes. I am aware of that. But this is just small chunk of the whole market. Knowing this doesnt help you to make money. This information doesnt give you bias, trend etc. There is absolutely no point to think where stop hunts might occur. The only thing that makes you € in this business is reading the story that charts tell you. Price Action. Thats it. If you are smart enough and understand fundamentals then you can position yourself for longer trends.

Anyways. It’s okay to know all that. Its a business. But its better to focus on making money rather than on stuff that doesnt help you make money.

good luck!
How to succeed in zero sum game?
  • #738,590
  • Mar 30, 2023 6:28pm Mar 30, 2023 6:28pm
Down, down and down!
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  • #738,591
  • Mar 30, 2023 6:38pm Mar 30, 2023 6:38pm
Back to home...
Home sweet home.
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  • #738,592
  • Mar 30, 2023 6:47pm Mar 30, 2023 6:47pm
Quoting dempire1
{quote} Yes. I am aware of that. But this is just small chunk of the whole market. Knowing this doesnt help you to make money. This information doesnt give you bias, trend etc. There is absolutely no point to think where stop hunts might occur. The only thing that makes you € in this business is reading the story that charts tell you. Price Action. Thats it. If you are smart enough and understand fundamentals then you can position yourself for longer trends. Anyways. It’s okay to know all that. Its a business. But its better to focus on making money...
We'll just have to agree to disagree when it comes to forex trading. Lots of conflicts of interest, between you, your broker, forex gurus, liquidity providers, and lots of misinformation.
Discouragement is the language of the devil. Results over hype.
  • #738,593
  • Mar 30, 2023 6:55pm Mar 30, 2023 6:55pm
Quoting callmechief
{quote} We'll just have to agree to disagree when it comes to forex trading. Lots of conflicts of interest, between you, your broker, forex gurus, liquidity providers, and lots of misinformation.

On these things I totally agree with you.
How to succeed in zero sum game?
  • #738,594
  • Mar 30, 2023 7:36pm Mar 30, 2023 7:36pm
Quoting callmechief
{quote} We'll just have to agree to disagree when it comes to forex trading. Lots of conflicts of interest, between you, your broker, forex gurus, liquidity providers, and lots of misinformation.
hi sir, wen stop hunt ? Wen moon?
Master your mind. Master Trading.
  • #738,595
  • Mar 30, 2023 7:47pm Mar 30, 2023 7:47pm
Quoting KareemAliFx
{quote} hi sir, wen stop hunt ? Wen moon?
Wen moon? What do you mean?
Discouragement is the language of the devil. Results over hype.
  • #738,596
  • Mar 30, 2023 8:02pm Mar 30, 2023 8:02pm
Quoting callmechief
{quote} Wen moon? What do you mean?
sir why no stop hunt you promised me sir!
Master your mind. Master Trading.
  • #738,597
  • Mar 30, 2023 8:03pm Mar 30, 2023 8:03pm
Eurusd and usdjpy flying high through the stars !
Master your mind. Master Trading.
  • #738,598
  • Mar 30, 2023 8:04pm Mar 30, 2023 8:04pm
Quoting KareemAliFx
Eurusd and usdjpy flying high through the stars !
Have nice oil buys along with usdcad shorts
Master your mind. Master Trading.
  • #738,599
  • Mar 30, 2023 8:06pm Mar 30, 2023 8:06pm
Quoting b_hand
Down, down and down! {image}
Broker apa ni kang
WHEN THE MARKET WANTS TO REWARD YOU WITH A CERTAIN AMOUNT OF PROFIT TAKE IT
  • #738,600
  • Mar 30, 2023 8:17pm Mar 30, 2023 8:17pm
GU and BTCUSD LONG
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