They probably don't, although banks and institutions still trade those CPI numbers using algos and bots that's why we see those giant 1min bars. So it becomes a reality even if its fake. The central bankers are 3rd class economists, individually you ...

Cable Update (GBPUSD)

Fake or not market participants care about it. And when the majority of the participants care about it, it becomes a self-fulfilling prophecy.

Cable Update (GBPUSD)

Are you trying to convince the market or yourself my friend?

Gold

Yeah, there are.

Gold

Hey Pat, no need to get down to their level. Everybody who have spent enough time in this room can tell who are the winners and who are the losers. If someone can't tell that you are way above these trash-talkers, that's their problem. We all seen ...

Cable Update (GBPUSD)

Hahaha thanks man! It's nice that you see me that way, i am just trying my best. I put my arrogance behind and it did wonders. Now i am thankful for what i have, feeling lucky that i see the sun rising another day, and i can see the ...

Cable Update (GBPUSD)

I love how this thread is able to tear anyone apart, this is the real trading floor I love you all!

Cable Update (GBPUSD)

Luv your humor ma'am

Cable Update (GBPUSD)

Oh hi! It's good to see you again ma'am Well, i am just waiting on the sidelines till the US news but gotta say it's pretty boring to wait all week TA can be the problem, and such an experienced trader like ...

Cable Update (GBPUSD)

Here's a little rant: i would love to trade UK news events like i trade the US news events, but they don't post as detailed CPI tables as the US does, so the accessibility is low and untradeable for me. The volatility is great though. It's a shame ...

Cable Update (GBPUSD)

Can you not make Pedro's (a commercial member) advertisement here please? Thanks.

Gold

Nobody knows what will happen in the future, even the best of traders doesn't know. So no one can give you an exact answer if the Gold will touch 2900 or 2400 first. Anything can happen. They may have a guess if it will retrace or extend, but ...

Gold

16 pounds to 7000 is very impressive i must say You should have get yourself a lottery ticket that day! Looks like you already had an edge in the markets and you just needed to apply good money management. Glad you have experienced and ...

Gold

Great mindset Huge respect. We all have losing streaks, even the best of us makes mistakes. But what matters is not fighting with the market, accepting the defeat and retreat, wait until another opportunity. Hats off to you for being so ...

Gold

Thanks mate, Well i never said it is a "must" to place hard SL orders. Like you said its not a must. But some sort of risk management strategy is definitely a must. Whether it is hedging, hard SL, manual SL or scaling down. Cheers!

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Thank you so much for the kind words mate, it's nice that such an experienced trader and senior member like you to appreciate what i am doing. Wishing you a great week

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I have been long enough in this game to tell that he is gambling since he still has shorts open from 2100s and 2200s. I see nothing but no risk management, being emotionally attached to his trades and bias, fighting with the market and adding to his ...

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Anything can become gambling when i don't manage risk and do not know what i am doing, especially with my life savings and hell, even taking massive loans from the bank. That's one way to gamble with life. That's sadly and exactly what he did. ...

Gold