Cable Update (GBPUSD)
US debt was just downgraded! Appears to be having an impact on just about everything: https://www.forexfactory.com/news/12...erm-ratings-to
I wonder if our 'friend' FXnumbers will change his forecast about the strength of the US$?
Have kept my short open from 12874 on my swing account. However these moves down feel pretty weak, I'm sure there is plenty of bullish divergence showing (although I'm not a divergence trader). If we see a strong bullish candle on the daily, I'll be entering long and start taking profits in the 1.33-1.35 area.
Look at the 3 black lines. Going to sleep now 
{quote} closed all remaining Buy with added buy 0.10 at 1.27523 {image} Adding additional $2 buck to the book. Now i can sleep at peacethough i think it will go up more better for me to stop Five minutes after close still some power Which is testing previous high without rejection while stock look exhausted{image} Horizontal red line Come from TF H4 IF price move back to test middle horizontal line, which is about 1.2750. My "GUESS" it will continoue to at least lower horizontal line. But i will see tomorrow,{image}
{quote} The table you showed has percentages ranging from 500 to 2000. The label reads Margin Level (%) The value beside % label is 3,955,669,010.53 that is a little more than 2000%, even if it was expressed as a whole number!
{quote} How the unlimited leverage actually work. Using unrealised profits to build up position or something?
. Looking at contract shown only under $1000 account that can have UL leverage maybe the order still goes to the market. But who know, this broker still banned in my country because not regulated here
GU Open position Mixed. Todays plan.{image}
no worrries pat done it many times fwiw...saved a lot of accounts from going broke...
