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Cable Update - Continued 105 replies

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Cable Update (GBPUSD)

Quoting BeeTogether
{quote} Interesting let’s see how the market reacts
164, 154 and 192 Sell Stops on EUR/JPY, USD/JPY and GBP/JPY are eliminated now.

If you remember back when USD/JPY was heading to 152, we had two times this thing happening where price would drop 100 pips a in blitz only for intervention to take place the 3rd time before USD/JPY hit 152.

What they just did now is they have eliminated Sell Stop orders which will now have to be closed, because the price will continue going up.

Now, real intervention should be taking place in my opinion next time.

I knew something will happen, because it was WAAAAY TOO QUIET!
dont intervene yet BOJ. im waiting at 155.5 for some nice number entry
Quoting suhas316
Going short with very lil stop loss {image}
Book 1 lot profit @ 36 pips
one still holding ....
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!! Radha Radha !!
Quoting jordanvic
dont intervene yet BOJ. im waiting at 155.5 for some nice number entry

There is nothing out there saying the Japanese intervened in the market and my own opinion is traders are going to take this to the 160 mark over the next week......could be wrong
Don't Leave Money on the Table
Quoting HaLBot
{quote} There is nothing out there saying the Japanese intervened in the market and my own opinion is traders are going to take this to the 160 mark over the next week......could be wrong
Volatility will drop considerably now, at least that's what happened the last time. Yes, I think JPY will now continue to depreciate and to what point exactly I don't know. Until Japan finally intervenes in my opinion. It could 156, 157, 158, 159 or 160 yeah... however, would they actually let us have 160? I don't think so, because the last time they intervened just before the round number 152 haha.

I have Sell Stops now ready to go, far enough to only be hit if an actual intervention takes place.

I'm going to play Minecraft now... this day is over.
Quoting HaLBot
{quote} There is nothing out there saying the Japanese intervened in the market and my own opinion is traders are going to take this to the 160 mark over the next week......could be wrong
Thats true but its worth a shot if it reaches 155.5. Small loss for a potential big payday.
Quoting jordanvic
{quote} Thats true but its worth a shot if it reaches 155.5. Small loss for a potential big payday.

Yes I'm not saying it'll go straight to 160 and it's only my opinion that's where it heading, in the meantime plenty of money to be made both ways
Don't Leave Money on the Table
Quoting Whatevs
{quote} Volatility will drop considerably now, at least that's what happened the last time. Yes, I think JPY will now continue to depreciate and to what point exactly I don't know. Until Japan finally intervenes in my opinion. It could 156, 157, 158, 159 or 160 yeah... however, would they actually let us have 160? I don't think so, because the last time they intervened just before the round number 152 haha. I have Sell Stops now ready to go, far enough to only be hit if an actual intervention takes place. I'm going to play Minecraft now......
My house! (You thought I was lying about playing Minecraft, haven't you? Hahahah)

Also, I have proven the Earth is flat, because when I went mining I fell out of the world into the space and died actually.
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Ty mister goldi
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bulls got to close gold above 2344 to save their ass ..i don't think they'll do it

but they wont let it drop today seems like it either so my daily sell signal mite have to wait for tmoro when powell speaks
Kamala/Walz pulling away for the win
Quoting Whatevs
{quote} My house! (You thought I was lying about playing Minecraft, haven't you? Hahahah) Also, I have proven the Earth is flat, because when I went mining I fell out of the world into the space and died actually. {image} {image}
I see you are a man of culture
Myfxbook TE: https://t.ly/QSZUm
remember gentlemen...theres no TA reason just a lot of gut feeling and dollar hating gold bug fever for this run up since march 28th breakout so whoever it was that jammed it up will use this middle east conflict as a reason to sell to dummies and book profits
Kamala/Walz pulling away for the win
Quoting Zebi
remember gentlemen...theres no TA reason just a lot of gut feeling and dollar hating gold bug fever for this run up since march 28th breakout so whoever it was that jammed it up will use this middle east conflict as a reason to sell to dummies and book profits

There is a news about Israel’s continuation of the conflict. So the situation may get worser therefore Gold again bullish. But tomorrow again news about this issue.
Quoting Eren10
{quote} There is a news about Israel’s continuation of the conflict. So the situation may get worser therefore Gold again bullish. But tomorrow again news about this issue.

I have something to say about that conflict but my posts will get extracted again LOL

watch the Iranian rial/Israeli shekel cross eren10 to see whos gona win this fight is all ill say LOL
I read chinas already sided with Iran
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Kamala/Walz pulling away for the win
heres a russia/ukraine cross
i posted this years ago that russias gona win and seems they are I just don't remember if it was on FF or the irc chatroom full of merikans but ill try to find those posts afterhours if they were here on FF

the best thing russia ever did for its currency was invade on feb.2022 lOL

so stop listening to conventional bullshit especially from the dummies in the comment section of news stories gentlemen and follow the money
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Kamala/Walz pulling away for the win
Quoting HaLBot
{quote} There is zero mental pressure trading such a small account, the only way you learn to trade a live account is to be able to feel the pressure of making mistakes where your losses will be bigger than your mind can cope with After you've be spanked hard by the forex markets and your ego totally smashed will you become the trader you want to be.... or your smashed so hard you don't get up from that hit and never trade again
You have it twisted,
He did not say he wants to trade demo. He said he wants to trade a small micro account live. There is a difference, not so.?
What traders do not realize is that most successful traders invest huge sums of money in order to make money. In this way they trade without pressure. Too many traders invest $500 and expect to make a million. It ends up in trading high leverage and little margin for error, which ultimately leads to high pressure with mistakes and accounts being blown.
This is what brokers and the retail world do not like to tell traders. I can tell you this from experience and many thousands of dollars blown.
Rule of thumb. .01c for every $300 invested. Anything above that, you are trading high stakes and pressure.
All noobs should learn this fundamental lesson, and perhaps we will get the 95% failure rate down.
The moment you feel that you are trading without pressure, you have gone onto the next level of your trading journey.
Cheers.
Trade to trade another day
Quoting Wavegarrick
{quote} You have it twisted, He did not say he wants to trade demo. He said he wants to trade a small micro account live. There is a difference, not so.? What traders do not realize is that most successful traders invest huge sums of money in order to make money. In this way they trade without pressure. Too many traders invest $500 and expect to make a million. It ends up in trading high leverage and little margin for error, which ultimately leads to high pressure with mistakes and accounts being blown. This is what brokers and the retail world...

60 percent of FF is poor propfirm traders now so its all gambling by them so they wont listen since they don't even use 500 but 2 or 300 to open a challenge LOL
Kamala/Walz pulling away for the win
Bought EUR/USD 1.06379 and GBP/USD 1.24589.
Quoting Whatevs
Bought EUR/USD 1.06379 and GBP/USD 1.24589.
Market structure ATM is not favorable to long ( though anything is possible in forex trading) . If 1.2440 support area is violated, the next busy stop for the bears is 1.2330 area
With patience and discipline,you move beyond the sky
Quoting Wavegarrick
{quote} You have it twisted, He did not say he wants to trade demo. He said he wants to trade a small micro account live. There is a difference, not so.? What traders do not realize is that most successful traders invest huge sums of money in order to make money. In this way they trade without pressure. Too many traders invest $500 and expect to make a million. It ends up in trading high leverage and little margin for error, which ultimately leads to high pressure with mistakes and accounts being blown. This is what brokers and the retail world...
Trading the max (80$ per pip) seems to work the best for me on my decent 1000$ account.

Wait... my broker is sending me a message...

"You are our most valuable client! Keep trying friend. There's always an option for more leverage if you're interested! However, if your balance goes negative you'll have to pay us I guess...

Best regards!"

******

Conventional wisdom with which Zebi doesn't agree works best in this case in my opinion. 2% or max 3% of the equity should be risked on one trade. Also avoding trading the same currency and actually risking 4% or 6%. If you go long EUR/USD and GBP/USD and risk 2% on both trades, then you actually risk 4% on the USD (one currency). Lower the TF, fewer the pips and higher the lot size. That's it... keeping it at 2%.
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