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Cable Update (GBPUSD)

  • #752,721
  • Jun 18, 2023 10:15am Jun 18, 2023 10:15am
Quoting DrDave
{quote} This broker has ALL clients in A-book only and EVERY order has a trade ticket with the details of the trade and EXATCLY which liquidity provider was the counter-party on your tade.
Omg Dave.. not again.
You have an IQ lower than 90 if you interact with this user.
  • #752,722
  • Jun 18, 2023 10:16am Jun 18, 2023 10:16am
Quoting ninner
{quote} i hate to break it to you but brokers dont need to play games because they know the statistics so they dont need too.
Trust me Ninner. Take your Bruce Wayne coat off, and walk into the streets as a commoner and you'll discover a thing or two.
We the small people are not as protected as you think.

Inserted Video
You have an IQ lower than 90 if you interact with this user.
  • #752,723
  • Jun 18, 2023 10:19am Jun 18, 2023 10:19am
Quoting Ferna
{quote} Omg Dave.. not again.
Just as I can say, "not again" to every post crying about "crooked brokers". Maybe if they would try a real A-book broker instead of the bucket shops they wouldn't have anything to whine about and it would be a bit more peaceful here.
To free Gazans of Hamas, use whatever it takes.
  • #752,724
  • Jun 18, 2023 10:21am Jun 18, 2023 10:21am
Quoting DrDave
{quote} Just as I can say, "not again" to every post crying about "crooked brokers". Maybe if they would try a real A-book broker instead of the bucket shops they wouldn't have anything to whine about and it would be a bit more peaceful here.
There is a difference between calling out a broker and advertising a broker.

Try the commercials section: https://www.forexfactory.com/forum/1...ercial-content
You have an IQ lower than 90 if you interact with this user.
  • #752,725
  • Jun 18, 2023 10:57am Jun 18, 2023 10:57am
Quoting Wavegarrick
{quote} In my quest to experiment longer term trading which seems to be taboo in this forum is something that all of us can exploit. I have endeared snarky comments like poor englis to being a scammer who asks for money for my system, which I do not know how. My system and files with indicators are all here as per my file attachments. I do not ask anything, I am a simple trader. The forex world is a dark abyss
It's extremely hard to hold trades open for longer period of time. It's way more difficult to hold winning trades open than losing. I don't see anyone else holding trades open for such a long period of time like you are. You have tremendous amount of self-control and patience which none of us here do.
  • #752,726
  • Jun 18, 2023 11:01am Jun 18, 2023 11:01am
Quoting DrDave
{quote} Just as I can say, "not again" to every post crying about "crooked brokers". Maybe if they would try a real A-book broker instead of the bucket shops they wouldn't have anything to whine about and it would be a bit more peaceful here.
The moment price hit my SL and immediately reversed I thought I was being scammed by broker. The moment price reversed less than a pip from a SL and hit TP, I knew I was wrong about it.
  • #752,727
  • Jun 18, 2023 11:11am Jun 18, 2023 11:11am
Seriously, how many full-time traders are here on this site that are actually making decent profits and trading is their only job?

I am not. I wish I was. Perhaps I will be, but it'll take time. I am talking about earning enough, so I can dump by current job not earning in the means of buying a house, car and a pool.
  • #752,728
  • Jun 18, 2023 11:12am Jun 18, 2023 11:12am
Quoting TheWraith
Seriously, how many full-time traders are here on this site that are actually making decent profits and trading is their only job? I am not. I wish I was. Perhaps I will be, but it'll take time. I am talking about earning enough, so I can dump by current job not earning in the means of buying a house, car and a pool.
there are a few....it's possible, just takes time like anything else
  • #752,729
  • Jun 18, 2023 12:17pm Jun 18, 2023 12:17pm
Quoting Ferna
{quote} Its good if they get called out. If you read reminiscencds of a stock operator you realize this been going on for a long time. And the best way to fight it is to benefit the brokers that have a good track record and isolate those who have ”difficulties”. Like Elon Musk said, we are in a digital town square and information has to be shared instead of doing them a favour and normalize it by saying ”everyone does it”. Time is money and u can earn both with cooperation For example in my country we have an retail broker called ”Avanza”...
Thanks for your concern !

I know they have legal right to do those dealing desk work, and we've agreement with them at the beginning. But I don't like them stress on offering no requoted price or even better price (FOR WHOM?), they're not DD broker but pure ECN pricing ,make people feel like they're on your side. They charge me with commission, are supposed to offer clients better service, instead of saying that's all handled by LP , they can do nothing about it. According to my experience I think they must have some procedure or formula setup to make their own benefit.

I only trade for over half a year, just try to get more familiar with Forex industry. it's kind of complicated. Business is just like that, but I always can choose another one if one is not trustable or not having nice trading conditions. even I'm only with small capital account.

HOPE YOU WITH GREEN PIPS TOO
  • #752,730
  • Jun 18, 2023 12:19pm Jun 18, 2023 12:19pm
Quoting Ferna
{quote} There is a difference between calling out a broker and advertising a broker. Try the commercials section: https://www.forexfactory.com/forum/1...ercial-content
Calling out a broker is exactly advertising a broker--a negative advertisement rather than a positive one.
To free Gazans of Hamas, use whatever it takes.
  • #752,731
  • Jun 18, 2023 12:21pm Jun 18, 2023 12:21pm
Quoting MIKKI
Need some serious advice from my buddies on the forum I have got 3, shorts from Friday desperately need to get out of them my assumption for Monday if guru closes Monday evening when New York ends the session below 28 Tuesday could see a Guru draw down 2670 level that's my break even or will we se 2570 during the week that's were I definitely need to get out .As I don't se dropping further below 25 I'm talking about this week thank you in advance.
That is optimistic, cannot see it pulling back that far! I am only a learner and I can only see this pulling 50-80 pips before it's off again
Watching & Learning
  • #752,732
  • Jun 18, 2023 12:25pm Jun 18, 2023 12:25pm
Quoting Cgpips
{quote} Thanks for your concern ! I know they have legal right to do those dealing desk work, and we've agreement with them at the beginning. But I don't like them stress on offering no requoted price or even better price (FOR WHOM?), they're not DD broker but pure ECN pricing ,make people feel like they're on your side. They charge me with commission, are supposed to offer clients better service, instead of saying that's all handled by LP , they can do nothing about it. According to my experience I think they must have some procedure...
OF COURSE the brokers that are taking the other side of your trade are in it for their own benefit and NOT on your side!! They are on their own side--making money the best way that they can. Those brokers are symbiants, not parasites. They suck your blood in just small enough amounts that you typically only get a little irritated, but sometimes you feel the pain. But they try to avoid killing you off. If you're dead, they have to go find another host. If they keep you alive, they have continuous small meals.
To free Gazans of Hamas, use whatever it takes.
  • #752,733
  • Jun 18, 2023 12:52pm Jun 18, 2023 12:52pm
what is the current live rates
  • #752,734
  • Jun 18, 2023 12:53pm Jun 18, 2023 12:53pm
Quoting DrDave
{quote} OF COURSE the brokers that are taking the other side of your trade are in it for their own benefit and NOT on your side!! They are on their own side--making money the best way that they can. Those brokers are symbiants, not parasites. They suck your blood in just small enough amounts that you typically only get a little irritated, but sometimes you feel the pain. But they try to avoid killing you off. If you're dead, they have to go find another host. If they keep you alive, they have continuous small meals.
So I'm right, most of them are hiding something don't want clients to know further, and that had involved damaging clients' accounts. IMO that's not virtuous.
I think it's better stop here, thank you for offering professional information.
  • #752,735
  • Jun 18, 2023 1:14pm Jun 18, 2023 1:14pm
I feelings GU will gap down tonight
  • #752,736
  • Jun 18, 2023 1:21pm Jun 18, 2023 1:21pm
Quoting MIKKI
Need some serious advice from my buddies on the forum I have got 3, shorts from Friday desperately need to get out of them my assumption for Monday if guru closes Monday evening when New York ends the session below 28 Tuesday could see a Guru draw down 2670 level that's my break even or will we se 2570 during the week that's were I definitely need to get out .As I don't se dropping further below 25 I'm talking about this week thank you in advance.
Price may retest the 1.27 area but personally I'd forget about shorting, unless a very obvious counter-trend scalp or swing set-up is on offer.
At this rate price will be at 1.42 before year end

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Cable is a pig to trade anyway, imho, much easier to buy pullbacks (a failed trend reversal) in a solid trend than attempt to reverse a strong but unstable trend - compare first chart to last over same time period.
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  • #752,737
  • Jun 18, 2023 1:32pm Jun 18, 2023 1:32pm
Quoting DrDave
{quote} Calling out a broker is exactly advertising a broker--a negative advertisement rather than a positive one.
Anyways you are very obvious. But this is not the place.
You can change to commercial status instead of trying to divert it back to me.

Nice try though i hope you get many customers.
I’ll end it here. If you want the messages deleted pm me.
You have an IQ lower than 90 if you interact with this user.
  • #752,738
  • Jun 18, 2023 1:42pm Jun 18, 2023 1:42pm
Quoting Cgpips
{quote} Thanks for your concern ! I know they have legal right to do those dealing desk work, and we've agreement with them at the beginning. But I don't like them stress on offering no requoted price or even better price (FOR WHOM?), they're not DD broker but pure ECN pricing ,make people feel like they're on your side. They charge me with commission, are supposed to offer clients better service, instead of saying that's all handled by LP , they can do nothing about it. According to my experience I think they must have some procedure...
Yep, should watch out when they are overly friendly or overly helpful/engaged in your trading. They make money the more trades you do.
They have all kinds of tricks to control your business/make it harder for you. For example they might charge withdrawal fees or delay withdrawals, inactivity fees, deals about slippage/computer errors, lawyer language etc etc..

This why real traders statistics on brokers is very important. There are many brokers who omce had a good reputation and then changed policies. The world of money is complicated, it makes people go mad out of greed lol.
You have an IQ lower than 90 if you interact with this user.
  • #752,739
  • Jun 18, 2023 1:57pm Jun 18, 2023 1:57pm
GBPUSD price action on the daily time frame is bullish. The technical impulse still favours further northward move although the dominant technical structure is bearish. Much likely we may see a retest of the 1.31300/1.29800 supply zone (purple), but we cannot rule out bearish correction in the process.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #752,740
  • Jun 18, 2023 2:22pm Jun 18, 2023 2:22pm
Quoting Ferna
{quote} Yep, should watch out when they are overly friendly or overly helpful/engaged in your trading. They make money the more trades you do. They have all kinds of tricks to control your business/make it harder for you. For example they might charge withdrawal fees or delay withdrawals, inactivity fees, deals about slippage/computer errors, lawyer language etc etc.. This why real traders statistics on brokers is very important. There are many brokers who omce had a good reputation and then changed policies. The world of money is complicated, it...
TRUE! I've known some from users reviews. and experienced some you mentioned. But I don't know about "real traders statistics on brokers" , only order books , or dark pool...there're too many knowledge information about forex and brokers.
I only want to focus on trading skill without broker pulling my legs. If they want to charge more, just make it plain. and I will try my best to prevent unfair / unexpected loss or payment. No worry.
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