Supreme Court refuses to let Trump immediately oust Fed's Cook | Crypto Craft
Added at 7:48am
Added at 8:05am

  • Supreme Court allows the Fed's Lisa Cook to stay in office for now as Trump pushes to fire her

    From nbcnews.com

    The Supreme Court on Wednesday deferred action on whether President Donald Trump can immediately fire Federal Reserve board member Lisa Cook, instead agreeing to hear oral arguments in the case early next year. The move means that Cook can remain in office while the consequential legal question is decided. The court will hear oral arguments in January, the brief order said, with a ruling likely before the end of June. Trump had asked the court to allow him to immediately fire Cook while litigation continued in lower courts. Under the Federal Reserve Act, presidents are restricted from removing governors unless it is ... (full story)

Comment Options
ffghost
Oct 1, 2025 7:53am
Permalink
Quoting Trader#4C30
How come I never saw the news on forex factory. High impact news yet and we were not informed earlier
It may come as a surprise, but the supreme court of the US doesn't send word to FF about when it is going to issue a ruling....
Reply
ffghost
Oct 1, 2025 7:50am
Permalink
The metals didn't see that result coming, apparently....that 5 min candle is a wicked move (though, it could just be a buying opportunity for the rest of the world with the shutdown on the horizon).



*edit: and in minute 6, it certainly looks like that's what it was (initially), nearly 2/3 of the down move retraced
Reply
ffghost
Oct 1, 2025 8:41am
Permalink
Quoting ashgoth
I think the fall in gold is due to the postponement of the US employment figures.
Hehe. To what "fall" are you referring? The 0.5% pullback off all time highs for a product that is up 50% YTD?

If referring to the pullback from 45 minutes ago, that was 100% a result of the supreme court ruling (as can be seen by the 1-minute candle and timing of the news).

Also, wouldn't gold go UP on a postponement of the US employment figures with BLS shutdown? Uncertainty = good for gold, yeah?

I thought the short-term pullback would continue yesterday after gold spiked and the pulled back 80 points (3899 > 3820 in a few hours)....but, of course, it rallied 100 points off those lows rather than continue lower. Go figure....gold goes up....again....Remember when gold use the be the boring 0.25% up/0.25% down commodity that was range-bound for 2 years?

Either way, let's hope that you are right and that we ARE at the start of a decent (100-150pt) drawdown....though I HIGHLY doubt it.
Reply
ffghost
Oct 1, 2025 8:01am
Permalink
Quoting Trader#4456
100 pips SL hit in GOLD, Its ok part of the game
100% of the down move now retraced....apparently we should never have SLs on gold (or be short like I have been for FAR too long)???

Where's the follow through to the downside? I guess concerns of government shutdown > comfort over expectations about Trump firining fed officials?
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DaJoWaBa
Oct 1, 2025 8:29am
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Quoting Bakker
How can this nonsense shake the market???
It shouldn't ideally but we live in uncertain times and it's a response to an outlook that offers a little more certainty for a little longer(?).
It slightly reduces the prospect of another hell-bent POTUS puppet being installed in the short-term, even though she has precedence of dove-ish tendencies.
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BillyIdol
Oct 1, 2025 7:50am
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Trump can suck putin dick. Now rise interest rates
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fx6996
Oct 2, 2025 9:34am
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Quoting Trader#9926
{quote} He still gets paid too, by the American Citizens. Yes that's right, his Big Boss Man. The only one's who can issue the YOU'RE FIRED to the Big Donny Doodle Duck.
Already busted THIS LIE

Quoting Trader#9926
{quote}So do his cronies in congress and in the WH. They all still get paid during the shutdown ,,, just a little FYI.
Yup Nancy Pelosi gets paid, The mastermind behind the shutdown Chuck Schumer gets paid too!

Quoting Trader#9926
{quote}While the poor get absolutely fucked sideways, yet again. Fair enough, I guess. Most of y'all voted for him, remembers? That's called Democracy.
Let's see the poor - like social security and Medicare right? Those payments continue thru the shutdown too! ANOTHER LIE of your BUSTED

Quoting Trader#9926
{quote} Don't like it? Did you even vote bro? I bet you didn't and you are still whining like a little pansy. If you did get off your...
Yeah I voted for Trump as well as 51% of USA - the ones with common sense that is...I bet you would love to have sleepy Joe back or how about that dummy Kamala, "our children are...our children you know?"
IGNORANCE is curable STUPIDITY lasts a lifetime. I got you pegged boss
Reply
jordanvic
Oct 1, 2025 7:49am
Permalink
Trump Cooked
Reply
ffghost
Oct 1, 2025 8:02am
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Quoting Trader#F54B
I was short, had alerts set for my stop loss 10 points away and tp 180 pts away. Alerts went off, thought it was my stoploss but no haha.
Nice! You are one of the lucky shorts out there! No conviction on that selloff (much to my dismay).
Reply
ffghost
Oct 1, 2025 8:04am
Permalink
Quoting rounak1995
Supreme court future statement : " Trump Tarrifs are illegal and should be removed with immediate effect!"
Future S&P 500 daily close print should that statement come: "-3.75%"
Reply
ffghost
Oct 1, 2025 8:31am
Permalink
Quoting Trader#093A
{quote} There is zero chance of stocks going down measurably on any normal news. Only way the market goes down is a an actual black swan, which is by definition not predicable. Every dip is met with absolutely overwhelming panic buying. Not a single minute of actual selling in 5 months.
Setting aside your hyperbolic ("zero chance", "not a single minute....") statements, it won't take a black swan event to see a big drawdown. To be sure, there is some level of knowledge about the fact that the supreme Court will issue a ruling. When is unknown. If it happens amid some other sizable, but non black-swan, event, it is very easy to conceive a decent size drawdown...especially with markets at highs and volatility low (which could ramp quickly and exacerbate the selling).

On the other hand, if the VIX climbs into the 30s through October for some other reasons and THEN the supreme Court ruling ocirrs, it could, once again, be very conceivable to see a drawdown.

The market will have to reprice everything tariff related that it has spent 5 months digesting.

I don't deny that dips have been bought though, and that will likely be the case on the ruling day as well, but if the unexpected happens (supreme Court rules against Trump), an unexpected result certainly has greater than a zero % chance


Until then, however, I remain long and continue to look for places to scalp dips (like the overnight pullback from early this morning).
Reply
fx6996
Oct 2, 2025 9:25am
Permalink
Quoting Trader#4C30
How come I never saw the news on forex factory. High impact news yet and we were not informed earlier
What are YOU DRINKING/SMOKING?

High impact on this? This is NOTHING except an opportunity for the big banks to get stop losses from people who actually think this is news...oops got you didn't it?
Reply
fx6996
Oct 2, 2025 9:29am
Permalink
Quoting Trader#9926
{quote} He still gets paid too, by the American Citizens. Yes that's right, his Big Boss Man.
President Donald Trump has made history for many reasons − but in the financial world, he is the first billionaire to be elected president.

Like other presidents before him (see below), the billionaire famously donated his presidential salary during his first term. News reports state he'll do the same for his second.

What is Trump’s presidential salary? How much do US presidents make? Keep reading for more information.

Since you don't know WHAT you're writing we can dismiss the rest of your rant to TDS that you are suffering from.

Please seek medical help to overcome your hatred...and I hope you don't own a gun.
Reply
DaJoWaBa
Oct 1, 2025 8:24am
Permalink
Quoting ffghost
{quote} It may come as a surprise, but the supreme court of the US doesn't send word to FF about when it is going to issue a ruling....
, nooo, what?! Wait! Seriously?

(Thank you for removing my impulse to write the same response to the Anon's comment).
Reply
Trader#6FBE
Oct 1, 2025 7:52am
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He thinks he is God who can control everything that has an effect on the market.
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Trader#833D
Oct 1, 2025 7:01pm
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Quoting Faizan0909
Sell gold
No, this is politics has nothing to do with trading assets. Keep up with it.
Reply
Bakker
Oct 1, 2025 8:01am
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How can this nonsense shake the market???
Reply
NotAtrader
Oct 1, 2025 8:37am
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Quoting jordanvic
Trump Cooked
Reply
ffghost
Oct 1, 2025 7:58am
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Quoting Trader#9B6F
My prediction that gold will drop below 3700
If it does in the next 48 hours I will come if you a big hug....and $10k!
Reply
Polimini
Oct 1, 2025 8:00am
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It can still be a thing.
There goes their independence
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umbrella man
Oct 1, 2025 7:53am
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As I rightfully told you so! Another big loss for the orange pedo!
Reply
campco
Oct 1, 2025 8:21am
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Why does price continue to go down over the sudden, unexpected news???
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shahramdll
Oct 1, 2025 7:52am
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Gold to 4.2k$ soon.
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Trader#FB34
Oct 1, 2025 7:52am
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fuck trump i was long on gold
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Trader#BE2D
Oct 1, 2025 7:54am
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i was in LONG on gold , trump hit my today's SL
Reply
AAbandzFX
Oct 1, 2025 8:17am
Permalink
Quoting ffghost
{quote} 100% of the down move now retraced....apparently we should never have SLs on gold (or be short like I have been for FAR too long)??? Where's the follow through to the downside? I guess concerns of government shutdown > comfort over expectations about Trump firining fed officials?
Insane right, I was in the shorts at the top and was extremely confused, was holding to that asian low, then it fully retraced and got me out at BE, hit my level again now its dumping
Reply
Trader#3803
Oct 1, 2025 9:09am
Permalink
Quoting ffghost
{quote} Setting aside your hyperbolic ("zero chance", "not a single minute....") statements, it won't take a black swan event to see a big drawdown. To be sure, there is some level of knowledge about the fact that the supreme Court will issue a ruling. When is unknown. If it happens amid some other sizable, but non black-swan, event, it is very easy to conceive a decent size drawdown...especially with markets at highs and volatility low (which could ramp quickly and exacerbate the selling). On the other hand, if the VIX climbs...
I’ve been right everyday for 5 consecutive months, because the trend is your friend. The market can’t fall if it’s never allowed to even touch prior support. If you understand price action you know the difference of a buyers strike and actual selling. There has been no real selling at all, you can’t point to a single instance of it. Look at your daily chart and find an instance of texting a prior low, there isn’t one since the low.

Every piece of news has been thrown at this market, yet here we are, all time highs. Even a 10% pullback would take us to a level that most everyone here said was impossible lol. But it will take something actually unexpected to get the market to start a downtrend,

I’ll never understand calling for down moves when there hasn’t been a single downtrend in 5 months. Wait for us to break the very first support, the very first time, then consider if there might be a trend change.
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Jeremygordon
Oct 1, 2025 9:25am
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yeah because the fed is part of the opposition, destroy them
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sajjad7431
Oct 1, 2025 10:48am
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probably nothing ....
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taftantrader
Oct 1, 2025 8:41am
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He's still the president even though the government is shut dow
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Faizan0909
Oct 1, 2025 7:50am
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Sell gold
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Trader#1559
Oct 1, 2025 7:52am
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Fuck truuump
Reply
muslord77
Oct 1, 2025 7:54am
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faking hell
Reply
rounak1995
Oct 1, 2025 7:55am
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Supreme court future statement : " Trump Tarrifs are illegal and should be removed with immediate effect!"
Reply
l30247
Oct 1, 2025 7:57am
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Burned a $20 account lol. oh well, back to the charts
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Trader#0F55
Oct 1, 2025 7:57am
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trump take my sl in his ass
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ramanpartovi
Oct 1, 2025 7:58am
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Fuck truuump
Reply
Adrian111
Oct 1, 2025 8:09am
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Thats why gold went down damn
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tusharjari
Oct 1, 2025 8:10am
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My sl is almost hit but i am a big shark of market i know very well its very deep..!
Reply
Max1010
Oct 1, 2025 8:11am
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Trump should let Fed be
Reply
nimasdo
Oct 1, 2025 8:17am
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why this shitty ass new effect gold so much
Reply
Trader#093A
Oct 1, 2025 8:18am
Permalink
Quoting ffghost
{quote} Future S&P 500 daily close print should that statement come: "-3.75%"
There is zero chance of stocks going down measurably on any normal news. Only way the market goes down is a an actual black swan, which is by definition not predicable. Every dip is met with absolutely overwhelming panic buying. Not a single minute of actual selling in 5 months.
Reply
blastusbooz
Oct 1, 2025 8:23am
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yeah so!!! just a shake out no biggie
Reply
ashgoth
Oct 1, 2025 8:32am
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I think the fall in gold is due to the postponement of the US employment figures.
Reply
Newtraderluy
Oct 1, 2025 8:42am
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i lose 200$
Reply
arjunhd
Oct 1, 2025 8:51am
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I was long on xau-usd and short on usd-jpy when this hit. just when TP on both were about to be hit. BBAAAMMMMM !! pulsed to the SL instead. what luck :/
Reply
Trader#9926
Oct 1, 2025 9:38am
Permalink
Quoting taftantrader
He's still the president even though the government is shut dow
He still gets paid too, by the American Citizens. Yes that's right, his Big Boss Man. The only one's who can issue the YOU'RE FIRED to the Big Donny Doodle Duck.

So do his cronies in congress and in the WH. They all still get paid during the shutdown ,,, just a little FYI.

While the poor get absolutely fucked sideways, yet again.

Fair enough, I guess. Most of y'all voted for him, remembers?

That's called Democracy. Don't like it? Did you even vote bro? I bet you didn't and you are still whining like a little pansy. If you did get off your ass and vote, well most of you wanted this ,,,, and ,,,, you did get what you asked for... lol



Meanwhile, in the real world. My popcorn supplies are running low. Best check my popcorn stocks
Reply
Trader#BD53
Oct 1, 2025 10:24am
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Looks like melania is buying markets hahahaaaa
Reply
Trader#C821
Oct 1, 2025 10:28am
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Quoting Trader#09CF
gold buy or sell?
Because it's a free site
Reply
Trader#1F31
Oct 1, 2025 7:48am
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oh
Reply
Trader#4A9E
Oct 1, 2025 7:49am
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touch
Reply
Trader#BD53
Oct 1, 2025 7:49am
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Embarrassing lol
Reply
Trader#0AEC
Oct 1, 2025 7:50am
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Bruhhhh
Reply
Trader#9EEB
Oct 1, 2025 7:50am
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Fuckin idiot
Reply
Trader#39A9
Oct 1, 2025 7:50am
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Lol
Reply
Trader#449B
Oct 1, 2025 7:50am
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GOLD DUMP
Reply
Trader#4C30
Oct 1, 2025 7:51am
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How come I never saw the news on forex factory. High impact news yet and we were not informed earlier
Reply
Trader#09CF
Oct 1, 2025 7:51am
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gold buy or sell?
Reply
Trader#AB1D
Oct 1, 2025 7:51am
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That just cost me 200 bucks
Reply
Trader#63EF
Oct 1, 2025 7:51am
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Trump suck putin
Reply
Trader#57DE
Oct 1, 2025 7:53am
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okay kids time to get off your trades
Reply
Trader#6BC4
Oct 1, 2025 7:53am
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What is the name of the city?
Reply
Trader#4456
Oct 1, 2025 7:53am
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100 pips SL hit in GOLD, Its ok part of the game
Reply
Trader#9B6F
Oct 1, 2025 7:54am
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My prediction that gold will drop below 3700
Reply
Trader#D88C
Oct 1, 2025 7:55am
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trump hahaha
Reply
Trader#E572
Oct 1, 2025 7:55am
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well done!
Reply
Trader#D534
Oct 1, 2025 7:55am
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Funny enough, Elliott shows that Gold has ended its Motive Wave.
Reply
Trader#37C1
Oct 1, 2025 7:55am
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oh my god technology
Reply
Trader#6E12
Oct 1, 2025 7:56am
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Hahahaha
Reply
Trader#EA7F
Oct 1, 2025 7:57am
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This guy is continuously hunting my sl
Reply
Trader#574D
Oct 1, 2025 7:57am
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I trail SL to 3867. Otherwise my SL will be gone.
Reply
Trader#043D
Oct 1, 2025 7:59am
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meta trader 4 quick buy/sell buttons don’t work i guess at least i clicked sell when it sold and buy when gold shot back up
Reply
Trader#E936
Oct 1, 2025 7:59am
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BUY GOLD AGAIN
Reply
Trader#F54B
Oct 1, 2025 8:00am
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I was short, had alerts set for my stop loss 10 points away and tp 180 pts away. Alerts went off, thought it was my stoploss but no haha.
Reply
Trader#9A30
Oct 1, 2025 8:02am
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Gold to the moon baby
Reply
Trader#BD53
Oct 1, 2025 8:05am
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Zero trust on the american index, the number should BE atleast half of where it is LAMAO
Reply
Trader#ADB3
Oct 1, 2025 8:07am
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fck news
Reply
Trader#0066
Oct 1, 2025 8:08am
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Trump always clown markets
Reply
Trader#0DBB
Oct 1, 2025 8:10am
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let see on January 26' who will prevail on this matter.
Reply
Trader#0DBB
Oct 1, 2025 8:11am
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the integrity is at stake.
Reply
Trader#F7D1
Oct 1, 2025 8:11am
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damn
Reply
Trader#30B2
Oct 1, 2025 8:12am
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Madd and
Reply
Trader#C087
Oct 1, 2025 8:12am
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The Supreme Court did the right thing? I should have bought a lottery ticket today.
Reply
Trader#FDC0
Oct 1, 2025 8:16am
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time go long XAUUSD now
Reply
Trader#BD53
Oct 1, 2025 8:16am
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I trust this bull run
Reply
Trader#4F4C
Oct 1, 2025 8:23am
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Gold back to 3816
Reply
Trader#5C7D
Oct 1, 2025 8:25am
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i got cooked fuck you all the goverment fuckkkk NY time got me sick in 2 days arrow i got cooked 1600pips for holding long, well the asia session was friendly for the long holder fcuk NY times session
Reply
Trader#9236
Oct 1, 2025 10:11am
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Finally someone fucked up with orange hahahahahahahahahahahahahahahahahahahahahahahahahaha
Reply

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