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Cable Update (GBPUSD)

  • #854,121
  • Feb 14, 2025 11:17am Feb 14, 2025 11:17am
Quoting Datatrades1
{quote} Hi can you explain the reason you are buying usdjpy, when everything points to selling?
maybe he's a contrarian
Consistency isn't Glamorous But That's How Legends are Made
  • #854,122
  • Feb 14, 2025 11:18am Feb 14, 2025 11:18am
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  • #854,123
  • Feb 14, 2025 11:34am Feb 14, 2025 11:34am
Does anybody know why brokers are charging swaps?
  • #854,124
  • Feb 14, 2025 11:40am Feb 14, 2025 11:40am
Quoting Eren10
Does anybody know why brokers are charging swaps?
Brokers charge swaps, also known as rollover fees, because when a trader holds a position overnight in forex trading, they are essentially borrowing one currency to buy another, and the swap fee reflects the interest rate difference between those two currencies, essentially charging the trader for the cost of holding that position overnight based on the prevailing interest rates. This means they can either earn a positive swap if the interest rate on the currency they bought is higher or pay a negative swap if the interest rate is lower depending on the currency pair involved.
  • #854,125
  • Feb 14, 2025 11:53am Feb 14, 2025 11:53am
Quoting Eren10
Does anybody know why brokers are charging swaps?

trade with a futures broker...they don't do that shit
short trump and go long the deepstate
  • #854,126
  • Feb 14, 2025 11:56am Feb 14, 2025 11:56am
Quoting Datatrades1
{quote} Brokers charge swaps, also known as rollover fees, because when a trader holds a position overnight in forex trading, they are essentially borrowing one currency to buy another, and the swap fee reflects the interest rate difference between those two currencies, essentially charging the trader for the cost of holding that position overnight based on the prevailing interest rates. This means they can either earn a positive swap if the interest rate on the currency they bought is higher or pay a negative swap if the interest rate is lower...

I don’t know how it exactly works but are they borrowing something?

or is it just establishing a contract based on contract for difference. So they don’t borrow anything just agree on contract.
Or all the contracts are made with banks. And banks charge swaps which is there core business.
  • #854,127
  • Feb 14, 2025 12:05pm Feb 14, 2025 12:05pm
Quoting Datatrades1
{quote} Tariffs are bad for everyone, especially for USA, because if they put 25% tariffs, dollar will fall faster. Canada exports lots of things to USA, including a good quality metal, aluminum and steel. If Trump says 25%, Canada says 25% back, he does not import metal, Canada says no problem we will export metal overseas, good luck to USA importing metal or making their own, because that would cost billions of $. Same goes for Mexico, Europe, China and any other country. USA is a strongest economy, but that could change if you start threatening...
im Not going to argue about but you will see lol
  • #854,128
  • Feb 14, 2025 12:31pm Feb 14, 2025 12:31pm
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yes yes yes
  • #854,129
  • Feb 14, 2025 12:38pm Feb 14, 2025 12:38pm
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I decided to enter a SL on both...as shown.........

  • #854,130
  • Feb 14, 2025 12:51pm Feb 14, 2025 12:51pm
Quoting ninner
{quote} im Not going to argue about but you will see lol
No problem, we are just here sharing opinions. We know for a fact that DXY is bearish for now at least this whole year going to 102 or below.
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  • #854,131
  • Feb 14, 2025 12:53pm Feb 14, 2025 12:53pm
Well that's me done for the week closed all my negative trades start a fresh Monday....
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  • #854,132
  • Feb 14, 2025 12:54pm Feb 14, 2025 12:54pm
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JY 5' --- Pending to go long , as shown....

  • #854,133
  • Feb 14, 2025 1:14pm Feb 14, 2025 1:14pm
Quoting Coreg2004
{quote} MrFanciful, that's your solution for trend trading. Use moving averages. However, I would consider the 1M chart the trigger chart.{image} {image} {image}
Quoting Coreg2004
{quote} Possibly the 2nd leg in the making. {image}
Quoting Coreg2004
{quote} This would conclude Friday's schooling of the CIC members on how to trade the EW+HP+Daily Range on the 1M TF. Any technical trading method works on any TF including monthly. {image}
End of the day/week summary. I changed the chart to 2M TF to fit the entire PA during the NY session. The market cooperated nicely with my #1 choices for day trading. I didn't need any adjustment, only to move down the retracement zone after a new low was made.
At C we have the setup for a bullish bat pattern. Sorry for the mistake.
Reminder, a minimum retracement @1.2610 on the daily chart was made today, although, the time hasn't been reached yet.
Enjoy your weekend.
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Always trade your own plan...I don't provide trading signals.
  • #854,134
  • Feb 14, 2025 1:25pm Feb 14, 2025 1:25pm
Quoting Waveskierrob
Well that's me done for the week closed all my negative trades start a fresh Monday.... {image}
Waveski, hopefully, Monday would be better.
Always trade your own plan...I don't provide trading signals.
  • #854,135
  • Feb 14, 2025 1:46pm Feb 14, 2025 1:46pm
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  • #854,136
  • Feb 14, 2025 1:52pm Feb 14, 2025 1:52pm
Quoting Coreg2004
{quote} Waveski, hopefully, Monday would be better.
it looks bad because I closed all my underwater trades at the end of the week but close all my profitable ones during the the week....
  • #854,137
  • Feb 14, 2025 2:32pm Feb 14, 2025 2:32pm
Quoting Coreg2004
{quote} {quote}{quote} End of the day/week summary. I changed the chart to 2M TF to fit the entire PA during the NY session. The market cooperated nicely with my #1 choices for day trading. I didn't need any adjustment, only to move down the retracement zone after a new low was made. At C we have the setup for a bullish bat pattern. Sorry for the mistake. Reminder, a minimum retracement @1.2610 on the daily chart was made today, although, the time hasn't been reached yet. Enjoy your weekend. {image}{image}{image}
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confirm?
  • #854,138
  • Feb 14, 2025 3:26pm Feb 14, 2025 3:26pm
summery of this year so far
last year i start the year also with 3000 $ in profit in February
but ended the year with 9000 in loss
let's hope i will make it right this time
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yes yes yes
  • #854,139
  • Feb 14, 2025 4:03pm Feb 14, 2025 4:03pm
Quoting elude
I'm doing UJ, but... excuse me.. Bought GU 1.26033 / SL 1.25873 (16 PIPS, 0.49%) / TP 1.26903 (87 PIPS)
I just returned and saw that SL had exited this trade... only 0.4740% taken from acc.
Will enter again later.
  • #854,140
  • Feb 14, 2025 4:22pm Feb 14, 2025 4:22pm
Happy weekend
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