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Cable Update (GBPUSD)

  • #443,001
  • Oct 7, 2016 12:17am Oct 7, 2016 12:17am
Quoting suneth2
Why these different brokers shows different lows, is that legal to wide spreads of 400-500 pips .my broker GBPUSD low around 1.16

ofcourse this is unregulated market! welcome to banana republic of forex!

my broker lmax showed 800pips spread on gbpxxx and froze for 15-20min during this mess. can i log a protest/case ? none
Scoobi doobi doo
  • #443,002
  • Oct 7, 2016 12:18am Oct 7, 2016 12:18am
The poor guys who where long, there are more poor now...
No more Fight, the victory has come...
  • #443,003
  • Oct 7, 2016 12:18am Oct 7, 2016 12:18am
ETX 1.19098
  • #443,004
  • Oct 7, 2016 12:18am Oct 7, 2016 12:18am
Quoting Ill-b-back
my low 1.1448
Its amazing ho different our lows are, well everyones. mine is 1.16303
  • #443,005
  • Oct 7, 2016 12:20am Oct 7, 2016 12:20am
One of the articles linked from FF mentioned that it was on low volume. One of my rules is to not hold positions outside of NY and London market hours because I've been shaken out on low volume moves enough times. Spreads are very wide also during those times. If you believe in manipulation, it sure is easier to manipulate during low volume. I only day trade, if you hold past hi vol session times, you expose your position to higher risk. Anything can happen and it does. Sorry for traders who lost a lot, even without a SL in place, there can also be automatic position exits on margins. It sucks.
big money makes big moves and then hides during small money chasing.
  • #443,006
  • Oct 7, 2016 12:21am Oct 7, 2016 12:21am
Oanda low: 1.16496
  • #443,007
  • Oct 7, 2016 12:21am Oct 7, 2016 12:21am
Quoting nonor
The poor guys who where long, there are more poor now...
brokers are sending Interpol for collecting netloss incurred for going bankrupt to clients who had GBPXXX pairs long and EURGBP short
Scoobi doobi doo
  • #443,008
  • Oct 7, 2016 12:21am Oct 7, 2016 12:21am
Quoting nonor
The poor guys who where long, there are more poor now...
I just closed a gbp/short beginning of US session. I hate seeing this moves, SNB (last year) now this.
TE started 6/4/19
  • #443,009
  • Oct 7, 2016 12:24am Oct 7, 2016 12:24am
Quoting Marz30
{quote} I just closed a gbp/short beginning of US session. I hate seeing this moves, SNB (last year) now this.
I wonder how low a t/p has been honored !
  • #443,010
  • Oct 7, 2016 12:26am Oct 7, 2016 12:26am
Quoting Marz30
{quote} I just closed a gbp/short beginning of US session. I hate seeing this moves, SNB (last year) now this.
its inevitable marzo after harvesting pips on gbp xxx shorts , second bout of sells marked wer taken gj showed 118.xx but broker froze let me not book profit second time

broker server was saying no connection for 20min - by the time gbp retraced up i had to cut.

Attached Image (click to enlarge)
Click to Enlarge Name: broker-froze.JPG Size: 239 KB
Scoobi doobi doo
  • #443,011
  • Oct 7, 2016 12:35am Oct 7, 2016 12:35am
Quoting ZenNy
never have all the money in the account.....having the risk of 5-10 trades into the account is more than enough, always move money in and out when necessary...
This is really good and sane advice.
  • #443,012
  • Oct 7, 2016 12:35am Oct 7, 2016 12:35am
Quoting yanitsa
{quote} I wonder how low a t/p has been honored !
It sounds like most people were frozen out, I would be up a few 100 pips though so not bad. I just feel bad for people who were long
TE started 6/4/19
  • #443,013
  • Oct 7, 2016 12:35am Oct 7, 2016 12:35am
now it looks spreads tightened just one trade from my sys. underway closed it n taking break as its 50/50 it can go either way n hunt more stops
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.JPG Size: 97 KB
:
Scoobi doobi doo
  • #443,014
  • Oct 7, 2016 12:43am Oct 7, 2016 12:43am
For Now everybody should stay sideline in this pair. Because it can now go higher or lower the chance is 50/50.
We can not learn without pain.
  • #443,015
  • Oct 7, 2016 12:47am Oct 7, 2016 12:47am
Quoting alonghuman
For Now everybody should stay sideline in this pair. Because it can now go higher or lower the chance is 50/50.
Till we know where this one goes that is what we need to do. Before this happened, I was doing amazing but after a min. I made a killing. Now its time to go back to the tree stand and see if another I can get another good shot before the weekend is out.
  • #443,016
  • Oct 7, 2016 12:50am Oct 7, 2016 12:50am
Some broker will have a hard time with negative accounts again
COT: The precious data ignored
  • #443,017
  • Oct 7, 2016 12:55am Oct 7, 2016 12:55am
I am not very surprised the market went this low, maybe I didnt expect it to do it in a minutes candle but it was on the cards. The market, post brexit, traded in a narrow range for over 70 days, when the break out happened, I expected a sharp move, maybe over 15-20 days, but a move nonetheless.

This is what Im looking at, sell at 2500, stop at 2703 target 1.13.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4see.png Size: 44 KB
I'm high on trading, cant you tell?
  • #443,018
  • Oct 7, 2016 1:05am Oct 7, 2016 1:05am
hoping to see more bear after NFP
  • #443,019
  • Oct 7, 2016 1:19am Oct 7, 2016 1:19am
Folks ,

Are you wondering who was instrumental in driving this moves , the big boys are UBS,Morgan Stanley, Bank of America & as you can see below on some broker terminals price of gbp even hit 1.1169 which in others didn't in this whole cartel btw 23:08:38 to 23:08:48 time as marked :


Attached Image (click to enlarge)
Click to Enlarge Name: bigboys-gbpusd.JPG Size: 153 KB
Scoobi doobi doo
  • #443,020
  • Oct 7, 2016 1:23am Oct 7, 2016 1:23am
Quoting Scoobidoobi
Folks , Are you wondering who was instrumental in driving this moves , the big boys are UBS,Morgan Stanley, Bank of America & as you can see below on some broker terminals price of gbp even hit 1.1169 which in others didn't in this whole cartel btw 23:08:38 to 23:08:48 time as marked : {image}

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