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Cable Update (GBPUSD)

  • #789,501
  • Edited 9:43am Nov 10, 2023 9:30am | Edited 9:43am
Quoting BrainBucks
So, I'm curious cos I've never been too concerned with understanding these account stats that don't represent dollar figures. This is for those who know, please enlighten me. Or, at least, just lemme know if I'm as woeful as I suspect. Are the commissions unusually high? Is that risk reward ratio, and the average winners and losers, enough to sustain a strategy? {image} {image}
maybe the commision here was just spread.
On unregulated enough broker spread may change big on news
Or maybe it was real commision all total commision pertrade you have.
I have MCmaster TE that have commision almost 1k 2.8k total which is spread (my broker setting doesnt have other commision other than spread and i do lot of mini scalping)
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But on MT5 i dont have but it other broker
It doesnt show either commision on TE
So i conclude it is your broker to ask
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______________
Unpredictable PA today, glad im exited at plus
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #789,502
  • Nov 10, 2023 9:32am Nov 10, 2023 9:32am
Quoting Whale
Long 1.2201 for the news
today market not follow news result at all.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #789,503
  • Nov 10, 2023 9:32am Nov 10, 2023 9:32am
Quoting BrainBucks
{quote} There's a total of 39 deals for today, cos that's only today's returns. Each deal I'm charged 60% roughly
I thought commissions were fixed amounts negotiated with your broker and dependent on the type of account you have. 39 trades for $711 suggests $18 per trade which is very expensive!
  • #789,504
  • Nov 10, 2023 9:33am Nov 10, 2023 9:33am
Quoting Kelvin1
i can now enter swing . why trendline support demand zone 200 EMA ALL CORRESPONDING {image}
bro Im scared, price isn't respecting
  • #789,505
  • Nov 10, 2023 9:34am Nov 10, 2023 9:34am
Quoting knkie
{quote} that seems extremely high. you should check out what the commission would be at other brokers. https://www.forexfactory.com/brokers#tradingconditions
Sadly I'm stuck with this one cos it's my chosen prop firm.
My broker for my own account doesn't charge that much, for sure.

But really though, my curiosity centers around if I'm maybe overtrading or something, cos if I held just a few swing positions, yea I'd still get charged 60%, but there won't be as many occurrences of that charge, since now I go in and out scalping and stacking up commissions, as against holding fewer positions for longer.
  • #789,506
  • Nov 10, 2023 9:34am Nov 10, 2023 9:34am
Quoting Yngwie
{quote} today market not follow news result at all.
strange Friday..
  • #789,507
  • Nov 10, 2023 9:36am Nov 10, 2023 9:36am
Quoting dantpm
{quote} I thought commissions were fixed amounts negotiated with your broker and dependent on the type of account you have. 39 trades for $711 suggests $18 per trade which is very expensive!
I agree. I'd have preferred fixed and/or capped commissions, but it seems our preferences hold no relevance to prop firms.
I go in large. A lot. On a 5 lot single trade, they charge me about 31 bucks! Insane!!
  • #789,508
  • Nov 10, 2023 9:39am Nov 10, 2023 9:39am
Quoting BrainBucks
{quote} I agree. I'd have preferred fixed and/or capped commissions, but it seems our preferences hold no relevance to prop firms. I go in large. A lot. On a 5 lot single trade, they charge me about 31 bucks! Insane!!
Talk to navk about a new prop firm.
  • #789,509
  • Nov 10, 2023 9:40am Nov 10, 2023 9:40am
apparently decision making hour running for usdx to get above 106 or breakout before 105.60. so careful through all up and down at randoms !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #789,510
  • Nov 10, 2023 9:44am Nov 10, 2023 9:44am
Affer closing my short wirh some profit this things starts dumping as it should have since.
  • #789,511
  • Nov 10, 2023 9:45am Nov 10, 2023 9:45am
Quoting Yngwie
{quote} today market not follow news result at all.
FRYDAY bro I traced back this news to Friday 13 Oct 2023.
On red Result data USD getting stronger too and crushed GBPUSD

BTW someone already tell pict story. American love to tell shits story so their supremacy stay still new virus, war and etc.
The sad thing we must follow it, because everyone believes shots
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #789,512
  • Nov 10, 2023 9:46am Nov 10, 2023 9:46am
Quoting dantpm
{quote} Talk to navk about a new prop firm.
Hahaaa kinda late in the day for that.
I've blown at least a dozen evaluation accounts with these guys; I'm hell bent on collecting a full refund. And then some!
Besides, other than this commission thingy, I have faith in them and their UI is second to none. They suit my geography and the financial regulations that concern me.
  • #789,513
  • Nov 10, 2023 9:52am Nov 10, 2023 9:52am
Quoting GODofMC
{quote} FRYDAY bro I traced back this news to Friday 13 Oct 2023. On red Result data USD getting stronger too and crushed GBPUSD
Its called buy the rumor, sell the fact (manipulation). Some correction may occur later today or on Monday.
Data + Stat + Risk/Emotions Management
  • #789,514
  • Nov 10, 2023 9:58am Nov 10, 2023 9:58am
Quoting eyefeelsix
{quote} myTarget updated, It's Friday! {image}

let the market decide where it wants to exit --- It's Payout Time!

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https://breakpullback.com
  • #789,515
  • Nov 10, 2023 9:58am Nov 10, 2023 9:58am
Quoting mkvy
{quote} whats this got to do with forex trading?
Without power, the world economy collapses and not enough goods to form any markets.
To free Gazans of Hamas, use whatever it takes.
  • #789,516
  • Nov 10, 2023 9:58am Nov 10, 2023 9:58am
Quoting Georginson
{quote} Its called buy the rumor, sell the fact (manipulation). Some correction may occur later today or on Monday.
ahaha thanks to remind me i almost forgot think "BUY THE RUMOR SELL THE FACT" Exist. Rarely happen lately
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #789,517
  • Nov 10, 2023 9:58am Nov 10, 2023 9:58am
Quoting Georginson
{quote} Its called buy the rumor, sell the fact (manipulation). Some correction may occur later today or on Monday.
How is buy the rumour, sell the fact manipulation in any way... Its a result of market positioning. The whole market has been pricing in an event, it happens, they unwind their positions.
Seeking Fair Value
  • #789,518
  • Nov 10, 2023 10:00am Nov 10, 2023 10:00am
I will continue to sell gold until 1909 area
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strong move calls for deeper retracement
  • #789,519
  • Nov 10, 2023 10:08am Nov 10, 2023 10:08am
Quoting GODofMC
{quote} Cut All bro. Good enought to go to indomaret On news i cant follow indicator, i think will goes UP. But his enought for me. fryday both UP and Down not break important level yet {image}
look at H1..jebolin dot aja nggak..lol...thats why im not worried..
  • #789,520
  • Nov 10, 2023 10:24am Nov 10, 2023 10:24am
Quoting BrainBucks
{quote} I agree. I'd have preferred fixed and/or capped commissions, but it seems our preferences hold no relevance to prop firms. I go in large. A lot. On a 5 lot single trade, they charge me about 31 bucks! Insane!!
with my broker, for 1 lot 7 dollar commision. For 5 lots 35 $
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Intraday only.
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