Cable Update (GBPUSD)

Quoting Advice777

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I asked my broker tickmill if stop is respected during black swan? Stop Loss is not guaranteed during a "black swan" event of 2000 to 10,000 pips against your original stop loss. Meaning your account would be wiped out (my own rephrase) This makes trading forex a very very dangerous business for retailers. If I see a Prop Firm that would guarantee my stop loss during black swan, that is okay for me. Example if I am trading my own personal capital of 100k using stop loss of 100 pips and 1 lot, and a single trade of GBP/USD. If market flash 2000 pips...

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Quoting dantpm

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{quote} So you see her as a threat to Donald Trump and the Republicans?

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Quoting 7154Superman

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{quote} Wow, nice spike! I see this as an opportunity to short higher for more pips. Entered a third demo EUR/USD short at 1.09614. Average Short position = 1.09542. No TP or SL.

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Quoting mallee

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{quote} Good call Monty.

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Quoting 7154Superman

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{quote} That's why I don't keep all my eggs in one basket. I like to spread everything out in multiple sub-accounts on Oanda, and go max leverage on each one. So, in case of a flash crash, only the accounts with an active position get affected. If you have a $100,000 live account, then I would recommend dividing it into at least 10 sub-accounts of $10,000 each.

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Quoting Advice777

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{quote} This isn't the solution either. How many retailers have a $100,000? If I have this amount, I wouldn't be trading forex but be in real estate for my peace. Again how many traders have you seen using 1 lot on a 100k live account? I have seen Monty open a trade with $400 per pips on 100k 200k prop firm. Truth is most people here wouldn't open a trade with $1 per pip on a 100k personal capital. I trade single pair of GBP/USD at any given time. For your information, black swan happens across all instruments. If there is a catastrophe in the US...

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Quoting Advice777

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{quote} This isn't the solution either. How many retailers have a $100,000? If I have this amount, I wouldn't be trading forex but be in real estate for my peace. Again how many traders have you seen using 1 lot on a 100k live account? I have seen Monty open a trade with $400 per pips on 100k 200k prop firm. Truth is most people here wouldn't open a trade with $1 per pip on a 100k personal capital. I trade single pair of GBP/USD at any given time. For your information, black swan happens across all instruments. If there is a catastrophe in the US...

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Quoting Advice777

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{quote} This isn't the solution either. How many retailers have a $100,000? If I have this amount, I wouldn't be trading forex but be in real estate for my peace. Again how many traders have you seen using 1 lot on a 100k live account? I have seen Monty open a trade with $400 per pips on 100k 200k prop firm. Truth is most people here wouldn't open a trade with $1 per pip on a 100k personal capital. I trade single pair of GBP/USD at any given time. For your information, black swan happens across all instruments. If there is a catastrophe in the US...

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Quoting Ferna

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Today WE have the first day of Davos, World Economic Forum annual meeting. The theme and name of this year for Davos is ”Rebuilding Trust” so we will see alot of talks about how to regain public trust. We got the biggest names on the planet coming, including 200 ministers/head of states, like for example Macron, John Kerry and secretary of state Anthony Blinken. Other prominent figures are CEO of ChatGPT Sam Altman and ukrainian war hero Zelenzky. Basically anyone who is somebody will be there. Please follow! As the future of tomorrow is shaped...

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Quoting montygoldy

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{quote} positive sl hit entered with better entry and again postive sl in place {image} {image}

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Quoting Whale

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Long 1.272 sl 1.268

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