Cable Update (GBPUSD)

Quoting DrDave

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{quote} And the prop firms are exactly the place where retail traders can find out if they can actually survive using those low-risk conditions and sound money management. It weeds out the folks that have the get rich quick mentality that regularly run their accounts to margin calls and eventually blow the account. They need to change their thinking from trying to get 1% per day to 1% per month. How much presure are you going to be under if you have no time limit and are shooting for a mere 1% per month? Afterall, no one is going to receive 1% per...

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Quoting voeltoez

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fast bulls..whats happening?

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Quoting navk

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{quote} People have to learn on their own... If we do that, it will end up promoting firms. And furthermore... nothing should be made easy for those who ignorant of the enormous opportunities available. And that opportunity is available to those who are capable to trading with highest accuracy combined risk management Not suitable for the rest, especially for retail who do not care to take stop losses

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Quoting Bella.al

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{quote} Yesterday High : 1.28364 Yesterday Low : 1.27702 Open Position : Short GBPUSD : Type : Date Reversal ( 19.06.2023 ) Still holding into my short trade . I strongly believe cable will break yesterday's low 1.27702 and looking for 1.27300 which is Bella's Price Objective 1. Only above Bella's Resistance : 1.28221 will negate this scenario . Waiting to engage my trailing stop (Bella's 0.37 Trailing ) Bella's Blue ( beta ver 1.6 ) {image}

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Quoting DrDave

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{quote} I think you missed the reason for several prop firms offering no time limit: It is becasue they realized 1.) many customers were not meeting the goal in the time limit and 2.) they figured out that a large proportion of the traders were not trading every day because they are not full time traders due to other commitments plus cannot find sufficent trade setups during the few days of a month that they are trying to make trades on. It also enables holding onto positions that are in floating drawdown for rather long periods until they go to...

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Quoting voeltoez

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last short added on barrier H1...if break 1.2805 imdone with gu..will focus to other pairs {image}

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Quoting dantpm

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{quote} Pat it is also possible that the BOE will look at controllable and non-controllable CPI. Doesn't do the economy any good to raise rates to fight inflation if the cause of the inflation is imported goods. Energy is a great example. Higher rates won't do anything to the price of imported gas and oil! Higher rates simply makes everything less affordable.

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Quoting Tpttonly

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Alright GBP Update Quite Close To My Target But Its Fooling Around I will be looking for Buys now If TP Hit overnight very nice Otherwise it looks like a Bull {image} Let See How It Goes

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