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Cable Update (GBPUSD)

  • #762,801
  • Jul 31, 2023 7:31pm Jul 31, 2023 7:31pm
Quoting Danger-Mouse
{quote} Are you talking about a Swiss Franc unpegging type scenario? I've thought about these "black swan" events and how to protect against them, especially if trying to scale in and maximise a longer term position. Being exposed to the market overnight is not something I enjoy..or am very good at adjusting to. You've also talked about not just accepting losses as part of the business. The only way I can see to do this is to have trades running both ways perpetually or some other kind of hedging strategy (that will probably be above my pay grade...
Please consider ....

https://www.forexfactory.com/thread/...9#post14346069

and this one ...

https://www.forexfactory.com/thread/...4#post14347284

Sorry didn't feel like rewriting it all. Most people hate 'black swans' etc but never think to instill a strategic arm to what they're doing that involves these larger yet rare movements. ** Brokers do not control everything that goes on in the world **

As I've said many times - same, similar, different, opposite. Works on every TF, every instrument and every continent. A marketplace is a marketplace.

Peter
Real Trading is not gambling.
  • #762,802
  • Jul 31, 2023 7:45pm Jul 31, 2023 7:45pm
Also long on GA with H4 support.
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My telegram: https://t.me/avidforex
  • #762,803
  • Jul 31, 2023 7:46pm Jul 31, 2023 7:46pm
Quoting BigNumbers
Just bought USDCAD. very big weekly support, which was refined on the H4 time frame. {image}
With the oil going up like this I would be very cautions buying USDCAD but I wish you luck.
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  • #762,804
  • Jul 31, 2023 7:47pm Jul 31, 2023 7:47pm
That’s all for now see you in Lo/Ny session.

Good night
My telegram: https://t.me/avidforex
  • #762,805
  • Jul 31, 2023 7:50pm Jul 31, 2023 7:50pm
Quoting BlackLotus
{quote} With the oil going up like this I would be very cautions buying USDCAD but I wish you luck. {image}

USDCAD Otilo. Meaning it has taken off already
My telegram: https://t.me/avidforex
  • #762,806
  • Jul 31, 2023 7:53pm Jul 31, 2023 7:53pm
Have to make hard choice as day trader sometimes.
i have to kill my UJ because i'm worried about end of day & month widening spread & gap during the day shift.
It is not printed there, but i woke up early. My entry will definitely getting murdered.
I would say no regret, that wouldn't be true.

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I short EU when i woke up manually since my 1.1005 limit didn't triggered. Hopefully i get something out of this.
I want GU but it already drop a bit more considering how much stop i have to risk.

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Don't mind me.. i'm crazy
  • #762,807
  • Jul 31, 2023 7:59pm Jul 31, 2023 7:59pm
Quoting navk
{quote} Today, this will happen. I mean tuesday.
possible.

im happy i didnt take the long.
Im waiting for this (orange-bottom) area navk, prefer not to long before it.

but as you know market is dynamic and one hour could change a lot.
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  • #762,808
  • Jul 31, 2023 8:00pm Jul 31, 2023 8:00pm
Quoting Whale
{quote} possible. im happy i didnt take the long. Im waiting for this (orange-bottom) area navk, prefer not to long before it. but as you know market is dynamic an one hour cluld change a lot. {image}
I am long now with stop 2810
Intraday only.
  • #762,810
  • Jul 31, 2023 8:07pm Jul 31, 2023 8:07pm
Quoting Skyrider60
Hidden
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How to succeed in zero sum game?
  • #762,811
  • Jul 31, 2023 8:10pm Jul 31, 2023 8:10pm
Quoting BlackLotus
Anyone watching Aussie? {image}
Good analysis mate, but plan accordingly, we will have RBA rate in an hour from now

Only 25% of the 25bps rate hike is priced in, we could easily get a 70pips spike up if RBA hike by 25bps
More time in the market, does not mean you trade better!
  • #762,812
  • Jul 31, 2023 8:20pm Jul 31, 2023 8:20pm
Quoting Fardeen1209
{quote} Good analysis mate, but plan accordingly, we will have RBA rate in an hour from now Only 25% of the 25bps rate hike is priced in, we could easily get a 70pips spike up if RBA hike by 25bps
Agreed. I'll trade what I see in an hour or so. Just making plans to buy it from ~.6685 to ~.6730.
  • #762,813
  • Jul 31, 2023 8:39pm Jul 31, 2023 8:39pm
Quoting BigNumbers
{quote} USDCAD Otilo. Meaning it has taken off already

This man must be a Yoruba man.
USDCAD already done and dusted. It might go down.
I don't like trading it but only once in a while like yesterday. Just eat and run
  • #762,814
  • Edited 9:37pm Jul 31, 2023 8:57pm | Edited 9:37pm
Quoting GEfx
{quote} Here is a quick chart of the GA this morning. Timing of this trade was not perfect due to sleep. I am still in the GA and EA and will make a decision shortly as to staying in them or exiting. I anticipate a rate hike tonight in Australia, which could force the A$ higher and the GA and EA lower. It's tempting to hold on to them, but will likely exit both and re-entering later. Edit: Exited both trades to eliminate drift. I will re-engage both pairs just ahead of the RBA. {image}
Update on my GA and EA trades: I exited both trades with +80 on the GA and +101 on EA. I want to carry through on my trading plan, but will only re-enter the GA. Just entered at 1.9154, with a stop at my entry on the first GA trade, at 1.9185. I am anticipating the RBA will raise rates by .25 in the next 35 minutes. Targeting 1.9060 and 1.9035.
Edit: Stopped out at 1.9097. RBA left rates at 4.10, pausing to assess impact of past hikes on inflation. I will be watching PA at next target at 1.9264. Good trading!
  • #762,815
  • Jul 31, 2023 9:35pm Jul 31, 2023 9:35pm
Miss on interest rates! Whoever was Selling AUD, it was unwise to do that during interest rates statement, but congratulations!
  • #762,816
  • Jul 31, 2023 9:36pm Jul 31, 2023 9:36pm
Curious, USD was rising pretty steadily and then Australia didn't raise rates as expected. Spikes occurred in many unrelated pairs.
  • #762,817
  • Jul 31, 2023 9:50pm Jul 31, 2023 9:50pm
Quoting Pat Chiko
{quote} AU copy trade.{image}
AU
Long

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #762,818
  • Jul 31, 2023 9:51pm Jul 31, 2023 9:51pm
Quoting TheWraith
Miss on interest rates! Whoever was Selling AUD, it was unwise to do that during interest rates statement, but congratulations!
ye congrats to them, there were not so great probability of a pause, i ve just get buy stops untriggered
chaos is just unknown order
  • #762,819
  • Jul 31, 2023 9:56pm Jul 31, 2023 9:56pm
Quoting Luxyus
{quote} ye congrats to them, there were not so great probability of a pause, i ve just get buy stops untriggered
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As of 31th July ~ 86% expect a skip while only 14% expect a hike- majority of interest rate traders were expecting a skip
More time in the market, does not mean you trade better!
  • #762,820
  • Jul 31, 2023 9:59pm Jul 31, 2023 9:59pm
Missed the drop. The tricky part is here now, will the RBS(yellow) hold!?

Sidelines for now, waiting for LO
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Face 'ur fears & tame 'ur greed
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