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Cable Update (GBPUSD)

  • #762,981
  • Aug 1, 2023 8:17am Aug 1, 2023 8:17am
Quoting JackintheBox
What I don't like as a retail trader: Huge spreads (e.g. GBP/USD: 1.5 pips vs. 0.7 pips for professionals (at least 1 lot trading)) Two days ago I had that situation: My Trading was: +$16 My Spread was: -$20 (1.8 Pips) So I had: -$4 When I would have been professional I would had have a gain of $5-8 Dollars instead of a loss. ------------------------ The 2nd thing I don't like is professionals can use volume gaps to push market up or down. We can't. What you see currently is they try to unwind (buy back) their short positions. And yes, they can...
Are you trading raw (with commissions) or standard (without commissions)? I also understand that there are better rates for more active traders.
  • #762,982
  • Aug 1, 2023 8:29am Aug 1, 2023 8:29am
Quoting Fx3423454
{quote} Fraud, slander and obscene language. But it's okay when you lose all your government benefits you won't be posting anymore.
Fraud, slander and obscene language. . .
make the world go 'round.
To free Gazans of Hamas, use whatever it takes.
  • #762,983
  • Aug 1, 2023 8:32am Aug 1, 2023 8:32am
BE careful if you are in this trade. It may have already turned. RED NEWS IN !hr 29mins YUP i know its eu not gu.... Sorry but a pip is a pip in any language
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  • #762,984
  • Edited 8:53am Aug 1, 2023 8:33am | Edited 8:53am
Quoting GODofMC
{quote} crossing first line Seeing how it behave, may broke all three line {image}
Fuuu
Closed buying, my lot scare me MCed at 1.7350ish if continue down
Worth 6 pips
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Continue with tiny lot
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My thought of this move will be
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Updated SL and TP
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #762,985
  • Aug 1, 2023 8:36am Aug 1, 2023 8:36am
First target reached: 1.2775 - you see how "chewy" (like a chewing gum) the market is... I think for none of us (even the professionals who pushed market down) it is a good day of profits. They try to buy back very slowly to avoid public to see and to reduce their still to big risk. Now US-Open. Now they can buy back more peaces without moving market up too much. You, as a retail trader who bought > 1.2784 will be still in a mess.

That's the unfair part in my view. Now almost 1.2780 as I'm writing... Expect a stop of moving up before news at arouind 1.2784. May be it will not be reached because they still take a small risk before news (hoping for strong datas so us-dollar pumps up and GBP/USD goes down). They like to do that if they have not earned enough money in the day. Could be the case today.
  • #762,986
  • Aug 1, 2023 8:42am Aug 1, 2023 8:42am
Quoting Pat Chiko
{quote} Hi The Wraith, AUD USD Thanks for your comment. I appreciate such a mature exchange in this thread, even though we're not trading in the same direction. I've attached a chart that shows how I'm looking at AU pairs after the High Impact Interest Rate ddata release earlier. As you can see, I'm expecting a short-term pullback before the pair continues its uptrend. I'm looking forward to more healthy exchanges in real time. I think it's important to be able to discuss our different trading ideas in a respectful and constructive way. Sincerely,...
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win some lose some...
  • #762,987
  • Aug 1, 2023 8:43am Aug 1, 2023 8:43am
Quoting T721
BE careful if you are in this trade. It may have already turned. RED NEWS IN !hr 29mins YUP i know its eu not gu.... Sorry but a pip is a pip in any language {image}
I am in that trade, but there's nothing I can do...
  • #762,988
  • Aug 1, 2023 8:43am Aug 1, 2023 8:43am
I'm wondering how this
Maybe it's time to close this topic, it has turned into a wastebasket.
got collapsed by admin when WAY worse material remains untouched.
To free Gazans of Hamas, use whatever it takes.
  • #762,989
  • Aug 1, 2023 8:44am Aug 1, 2023 8:44am
Quoting TheWraith
{quote} I am in that trade, but there's nothing I can do...
could always hedge...
  • #762,990
  • Aug 1, 2023 8:46am Aug 1, 2023 8:46am
Quoting TheWraith
{quote} I am in that trade, but there's nothing I can do...
I am in and will add if it goes lower, but thats just me. Going for a nap laterz guys
  • #762,991
  • Aug 1, 2023 8:47am Aug 1, 2023 8:47am
Quoting Pat Chiko
{quote} {image} Nobody saw anything......
Haha
  • #762,992
  • Aug 1, 2023 8:47am Aug 1, 2023 8:47am
Quoting Whale
Gold long 1947.5 tp 1957.5
I don't see this happening
  • #762,993
  • Aug 1, 2023 8:47am Aug 1, 2023 8:47am
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  • #762,994
  • Aug 1, 2023 8:50am Aug 1, 2023 8:50am
Quoting T721
{quote} I am in and will add if it goes lower, but thats just me
I'm trading on Daily Chart, so these news shouldn't really hit my SL if it goes the other way. There are news, however like Interest Rates, CPI, NFP when I will not stay in the trade nor open a new one before they are out of the picture. This lower impact news shouldn't really matter too much for my trades.
  • #762,995
  • Aug 1, 2023 8:56am Aug 1, 2023 8:56am
Quoting GODofMC
{quote} Fuuu Closed buying, my lot scare me MCed at 1.7350ish if continue down Worth 6 pips{image} Continue with tiny lot {image} My thought of this move will be{image} Updated SL and TP {image}
SL at BEP HIT!
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #762,996
  • Aug 1, 2023 9:01am Aug 1, 2023 9:01am
Quoting GODofMC
{quote} SL at BEP HIT!
bad USD data, but i wont enter anymore
the jump not high enought to hit line above
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #762,997
  • Aug 1, 2023 9:02am Aug 1, 2023 9:02am
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  • #762,998
  • Aug 1, 2023 9:04am Aug 1, 2023 9:04am
Quoting GODofMC
{quote} bad USD data, but i wont enter anymore the jump not high enought to hit line above {image}
if I’m not mistaken it’s not usually a big mover however I was expecting 128 to crack though
Insane in the Brain..
  • #762,999
  • Aug 1, 2023 9:06am Aug 1, 2023 9:06am
Quoting JackintheBox
First target reached: 1.2775 - you see how "chewy" (like a chewing gum) the market is... I think for none of us (even the professionals who pushed market down) it is a good day of profits. They try to buy back very slowly to avoid public to see and to reduce their still to big risk. Now US-Open. Now they can buy back more peaces without moving market up too much. You, as a retail trader who bought > 1.2784 will be still in a mess. That's the unfair part in my view. Now almost 1.2780 as I'm writing... Expect a stop of moving up before news at arouind...
All closed at 1.2789 (jump on news). Now market is free again for move up or down, they messed it up today, expect no more up now and now new low anymore today. I'm out. See you.
  • #763,000
  • Aug 1, 2023 9:08am Aug 1, 2023 9:08am
Aussie is controlling the market
Switched to long
Tomorrow morning i will be back
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yes yes yes
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