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Georginson replied Dec 14, 2023Stopped out again at 1.2760... lost 50pips today... That's 1.7% loss. Stupidly fighting the trend. I got 16 pips earlier as consolation. I will sell again once market closes to avoid daily drawdown for tomorrow.
Cable Update (GBPUSD)
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Georginson replied Dec 14, 20231.2685 area is a strong possibility before another aggressive move to 1.2950 - 1.3000 area this December. This is the beginning of massive dollar crash from fundamentals... Also most times price close the year at high or lows which is pointing at ...
Cable Update (GBPUSD)
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Georginson replied Dec 12, 2023The last CPI data released on the 14th of November sent Dollar crashing, GU did 260 pips move that day. A lot of caution is required today to avoid burning of account. Price has been annoyingly slow, which means market makers are planning some big ...
Cable Update (GBPUSD)
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Georginson replied Dec 11, 2023maybe I should start testing forward instead of back testing as usually done. It has almost gotten to a point where I want to start questioning my competence in trading.
Cable Update (GBPUSD)
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Georginson replied Dec 11, 2023Forex trading has really changed and it keeps evolving.... It crawls 80% of the times these days and frustrate the hell of out of position and swing traders, while the remaining 20% of the times it explodes in a one way traffic. It's become harder ...
Cable Update (GBPUSD)