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Cable Update (GBPUSD)

  • #751,681
  • Jun 14, 2023 10:14am Jun 14, 2023 10:14am
hello everyone, it has been a while since i last discussed something with you guys,
I was hoodwinked after i found that my reddish yellow diamond on my profile was taken away from me,
Oops i guess i don't know how FF factory works anyway who cares

What matters now is that i wanna share my little sweet guess about today movement that i highly anticipate to see on cable tonight,

1. If Fed hikes it's interest rate , which of course is exactly what they are going to do ,with some high percentage of accuracy expect to see this kind of movement
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2. Some traders will come with their words just to show how juvenile my post really is, hey it will be a surprise just like any other surprise you never expected, and that's the beauty of it guess what am little bit tangled, folks i live the future what else do you expect

If it's amenable we trade it, have a wonderful evening everyone
Tony.T
I live in the future
  • #751,682
  • Edited 10:49am Jun 14, 2023 10:25am | Edited 10:49am
Quoting stevepatt
{quote} Hi Scottey, Price is Stalling no Higher Highs being made 1.26000 Might Hold Price but I wouldn't rely on it {image}
GBP/USD M15 M1 Observations

Typically I'm at work when the Best Setups Occur

But there is no point in me Entering a Trade for the sake of it

To succeed Long Term in Trading we all need to follow Strict Rules on Entering Trades what ever they may be.....
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  • #751,683
  • Jun 14, 2023 10:28am Jun 14, 2023 10:28am
Quoting dantpm
{quote} The detail that people constantly forget is that FED can raise, keep the same or drop rates and the market will react, not necessarily in the way that people expect to the news! The FED is most likely going to keep rates the same in my opinion. How will the market react? No idea!
This is why each trade is always 50-50
More time in the market, does not mean you trade better!
  • #751,684
  • Jun 14, 2023 10:28am Jun 14, 2023 10:28am
Quoting ForexGoose
{quote} if you date a stripper, your bank account and credit cards will be blown fast
Personal account..trading is too dangerous.

The retail traders seldom set stop loss.

For people like me... even if i do not protect, the firms protect the account, they set strict risk management, That is the advantage of trading with firms.
Intraday only.
  • #751,685
  • Jun 14, 2023 10:28am Jun 14, 2023 10:28am
10 hours ago most retailers on Platform were shorting guru including me at levels 2630 2657 2660 but guru just kept on going .I quess most of as got our buds kicked today or hanging onto our ..,waiting fed to save
average dude treading water
  • #751,686
  • Jun 14, 2023 10:29am Jun 14, 2023 10:29am
Quoting dantpm
{quote} The detail that people constantly forget is that FED can raise, keep the same or drop rates and the market will react, not necessarily in the way that people expect to the news! The FED is most likely going to keep rates the same in my opinion. How will the market react? No idea!
Very true. I find it interesting that both BOC & RBA went against forecasts recently and raised rates - its known that CB's co-ordinate policy (I forget that meeting they all attend but it has a name). Just an interesting thought, IF they did raise rates; well FX markets would re-price pretty strongly.

Just the contrarian in me, the stats do show that forecasts are right 94% of the time so yeah we'll see.
  • #751,687
  • Jun 14, 2023 10:30am Jun 14, 2023 10:30am
Sell for 16 pips
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  • #751,688
  • Jun 14, 2023 10:37am Jun 14, 2023 10:37am
Quoting Orangeapple
{quote} Very true. I find it interesting that both BOC & RBA went against forecasts recently and raised rates - its known that CB's co-ordinate policy (I forget that meeting they all attend but it has a name). Just an interesting thought, IF they did raise rates; well FX markets would re-price pretty strongly. Just the contrarian in me, the stats do show that forecasts are right 94% of the time so yeah we'll see.
Both of the central banks that you cite are trailing the FED rate. The pressure is on the FED to not raise rates and the falling US$ should help them in that regard. I still believe that no change is more probable right now but that doesn't tell us how the market will react in any event.
  • #751,689
  • Jun 14, 2023 10:38am Jun 14, 2023 10:38am
Quoting navk
{quote} Personal account..trading is too dangerous. The retail traders seldom set stop loss. For people like me... even if i do not protect, the firms protect the account, they set strict risk management, That is the advantage of trading with firms.

Do you have more details on how the firms protect the accounts that you can share?
  • #751,690
  • Jun 14, 2023 10:39am Jun 14, 2023 10:39am
Quoting TonyTepeli
hello everyone, it has been a while since i last discussed something with you guys, I was hoodwinked after i found that my reddish yellow diamond on my profile was taken away from me, Oops i guess i don't know how FF factory works anyway who cares What matters now is that i wanna share my little sweet guess about today movement that i highly anticipate to see on cable tonight, 1. If Fed hikes it's interest rate , which of course is exactly what they are going to do ,with some high percentage of accuracy expect to see this kind of movement {image}...

The red star will come and go depending on how active you are with your posting.
  • #751,691
  • Jun 14, 2023 10:41am Jun 14, 2023 10:41am
Quoting TonyTepeli
hello everyone, it has been a while since i last discussed something with you guys, I was hoodwinked after i found that my reddish yellow diamond on my profile was taken away from me, Oops i guess i don't know how FF factory works anyway who cares What matters now is that i wanna share my little sweet guess about today movement that i highly anticipate to see on cable tonight, 1. If Fed hikes it's interest rate , which of course is exactly what they are going to do ,with some high percentage of accuracy expect to see this kind of movement {image}...
Great post...
  • #751,692
  • Jun 14, 2023 10:44am Jun 14, 2023 10:44am
Quoting Elysion
Hmmm... hmmm... Should I trade off the H1 or m5 chart as a scalper. These two days of GU has gotten me questioning myself.
I swear if I trade other pairs I would be at least in a profitable day scraping off the movements up down.
For eg, UJ. EURAUD. XAUUSD.
Exhausted
  • #751,693
  • Jun 14, 2023 10:45am Jun 14, 2023 10:45am
Quoting TonyTepeli
hello everyone, it has been a while since i last discussed something with you guys, I was hoodwinked after i found that my reddish yellow diamond on my profile was taken away from me, Oops i guess i don't know how FF factory works anyway who cares What matters now is that i wanna share my little sweet guess about today movement that i highly anticipate to see on cable tonight, 1. If Fed hikes it's interest rate , which of course is exactly what they are going to do ,with some high percentage of accuracy expect to see this kind of movement {image}...
well im expecting/preparing for the same. However you have fierce competition in this thread:
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You have an IQ lower than 90 if you interact with this user.
  • #751,694
  • Jun 14, 2023 10:45am Jun 14, 2023 10:45am
Quoting stevepatt
{quote} GBP/USD M15 M1 Observations Typically I'm at work when the Best Setups Occur But there is no point in me Entering a Trade for the sake of it To succed Long Term in Trading we all need to follow Strict Rules on Entering Trades what ever they may be..... {image} {image}
Excellent post Steve
every Saint has a past. Every Sinner has a Future
  • #751,695
  • Jun 14, 2023 10:46am Jun 14, 2023 10:46am
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yes yes yes
  • #751,696
  • Jun 14, 2023 10:46am Jun 14, 2023 10:46am
Quoting dantpm
{quote} Do you have more details on how the firms protect the accounts that you can share?
The Firms allow max 5 % risk on any day.

They allow max 12 % loss on any account, in a funded account or demo account.

In- experienced traders trading with firms do the same mistake as if they trade in personal account.

Most pro traders use stop loss EA. It can be set to 2 or 3 %.

So, even if trader is sleeping, EA protects ..takes loss, protect account.

By doing this, the next day or next week, the trader can come back and recover lost money

That kind of dicipline is instilled by Firms.
Intraday only.
  • #751,697
  • Jun 14, 2023 10:49am Jun 14, 2023 10:49am
Quoting Moty
{image} {image}
looks like 128 is on the cards today. Looking at today with everything priced in and still an 70-90 pip up tick. 2 hours to go
Insane in the Brain..
  • #751,698
  • Jun 14, 2023 10:52am Jun 14, 2023 10:52am
Quoting TonyTepeli
hello everyone, it has been a while since i last discussed something with you guys, I was hoodwinked after i found that my reddish yellow diamond on my profile was taken away from me, Oops i guess i don't know how FF factory works anyway who cares What matters now is that i wanna share my little sweet guess about today movement that i highly anticipate to see on cable tonight, 1. If Fed hikes it's interest rate , which of course is exactly what they are going to do ,with some high percentage of accuracy expect to see this kind of movement {image}...
all the data shows it’s going to pause .. however if they suggest that rates may rise if there is an upward movement in inflation then I’d be looking at a drop. Else this is looking 128-130 by end of the week
Insane in the Brain..
  • #751,699
  • Jun 14, 2023 10:54am Jun 14, 2023 10:54am
Quoting Elysion
{quote} I swear if I trade other pairs I would be at least in a profitable day scraping off the movements up down. For eg, UJ. EURAUD. XAUUSD.
That's the problem if you only trade one pair. If both currencies are in a sh*tty mode, than you have a problem. That happened today on GBP/USD, USD/JPY for example was fine, I also earned money on USD/CHF.

I'm still underwater 4 trading days currently... I could close now before Rate Decision. But you know what? I don't lol. -I should, I know, statistically it makes no sense cause I trade that away in 4 days on avg. But today I'm in the mood. This was too stupid for me since now. Let's see if bulls (whoever that is) to keep the positions until FED announce. Huge risk. Anyway, feel free to join the bulls now (even statistically not recommended but who cares these days lol).
  • #751,700
  • Jun 14, 2023 10:54am Jun 14, 2023 10:54am
Quoting dantpm
{quote} The red star will come and go depending on how active you are with your posting.
Does the red diamond makes a person different or a better person?
More time in the market, does not mean you trade better!
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