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Why is GBPUSD called cable? 76 replies
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
cable short for gbpusd? 6 replies
Disliked{quote} Yes, I certainly am. In a hole... I'll be fine. This is me learning. Thank you.Ignored
Disliked{quote} Its ok buddy! We all make mistakes. You aren't trading on high leverage are you?Ignored
Disliked{quote} . Do you see the gold dotted line that the stop hunt candle touches (yellow circle)? It was a super mild, ~15-pip stop hunt against the balanced volume (red). THINK ABOUT IT - One 15-pip pin bar, costing roughly $15,000,000 ($1Million/pip) {image}Ignored
Disliked{quote} If retail trading is nothing, can you please answer for me why brokers are willing to give complete strangers thousands of dollars in leverage?Ignored
Disliked{quote} There is some context I'd like to share with you to answer your question. Trends can be described as "price in search of value", which indicate an imbalance in order flow. This break in equilibrium occurs after the market maker removes a volume of traders from the market. This volume is accumulated over time in a specific range, and thus are worked against in a measurable fashion. See the attached screenshot I made for you to help you understand how I see EURUSD. It was a BEAUTIFUL long setup. The key is to go long AFTER the stop-hunt low...Ignored
Disliked{quote} Well. Its a business. Roughly 200M in revenue per year business.Ignored
DislikedEurusd looks primed for another leg up buys still in and holding firmIgnored
Disliked{quote} As I've said before buddy, I met a retired CFD brokerage owner that was headquartered in Egypt. They weren't a market maker. He had a colleague who said the average cost to move any forex instrument 1 pip was around 1 million dollars.Ignored
Disliked{quote} I concur, check my most recent post on EU - be weary of a potential stop hunt against buyers!https://www.forexfactory.com/thread/...2#post14380402
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Disliked{quote} You're on the right track! Brokers are heavily invested in retail trading because of the 90/90/90 phenomenon. Have you ever heard of it? It is known amongst brokers that in 90 days, 90% of all their retail traders lose 90% of their initial capital. By design, the forex market is a zero-sum business. This means for every winner, there is a loser on the other end of the trade. Who fills the other end? Brokers. The way brokers operate produces several conflicts of interest for retail traders. Your 90% losing track record becomes their 90% winning...Ignored
Disliked{quote} You're on the right track! Brokers are heavily invested in retail trading because of the 90/90/90 phenomenon. Have you ever heard of it? It is known amongst brokers that in 90 days, 90% of all their retail traders lose 90% of their initial capital. By design, the forex market is a zero-sum business. This means for every winner, there is a loser on the other end of the trade. Who fills the other end? Brokers. The way brokers operate produces several conflicts of interest for retail traders. Your 90% losing track record becomes their 90% winning...Ignored
Disliked{quote} Yes. I am aware of that. But this is just small chunk of the whole market. Knowing this doesnt help you to make money. This information doesnt give you bias, trend etc. There is absolutely no point to think where stop hunts might occur. The only thing that makes you € in this business is reading the story that charts tell you. Price Action. Thats it. If you are smart enough and understand fundamentals then you can position yourself for longer trends. Anyways. It’s okay to know all that. Its a business. But its better to focus on making money...Ignored
Disliked{quote} We'll just have to agree to disagree when it comes to forex trading. Lots of conflicts of interest, between you, your broker, forex gurus, liquidity providers, and lots of misinformation.Ignored