The 100,000 pips SPB Challenge

[SteveHopwood]

Well, my account is a demo account, so I would expect GBP to rocket skyward without stopping. If it was a live account, I would expect GBP to crash a couple of thousand pips. On the other hand, if it was a live account, I would close all of those buy trades today and book my profits, which would put us back to looking for GBP to rocket skyward.

The dilemma of trading...

I feel your pain. Have done for years.

How is this for a scenario.

We have two live accounts. We buy GBP on one and sell on the second. Perfectly hedged, right?

The first account bombs and the second sky rockets.

[SteveHopwood]

For what it is worth folks, I long ago came to the conclusion that the markets and news are entirely unrelated apart from brief spikes following a news release.

GBP will do what is dictated by the Big Boys and they have probably already discounted Brexit altogether.

[Gertje]

For what it is worth folks, I long ago came to the conclusion that the markets and news are entirely unrelated apart from brief spikes following a news release.

GBP will do what is dictated by the Big Boys and they have probably already discounted Brexit altogether.

I second that.
But no better occasion to make a currencie jump up and down for weeks than this event.
In 24 hours it will be history.

[JonCodesBad]

For what it is worth folks, I long ago came to the conclusion that the markets and news are entirely unrelated apart from brief spikes following a news release.

GBP will do what is dictated by the Big Boys and they have probably already discounted Brexit altogether.

I second that.
But no better occasion to make a currencie jump up and down for weeks than this event.
In 24 hours it will be history.

I third that

What's the betting, there will be a stop run or two.

Now... where would I put a stop loss.

[tomele]

All I can say is that SPB has built huge grids of up to 15 orders against GBP. That will result in huge fun or total distress. Of course that had to happen immediately after I put FXT-SPB3 on some live accounts.



Cheers
Thomas

[Gertje]

All I can say is that SPB has built huge grids of up to 15 orders against GBP. That will result in huge fun or total distress. Of course that had to happen immediately after I put FXT-SPB3 on some live accounts.



Cheers
Thomas

I feel your pain, am in the same boat.

[SteveHopwood]

All I can say is that SPB has built huge grids of up to 15 orders against GBP. That will result in huge fun or total distress. Of course that had to happen immediately after I put FXT-SPB3 on some live accounts.



Cheers
Thomas

You me and Gertje and all are feeling the same pain.

This takes me back to a time when when I would announce, "I have just bought ...... so sell it immediately". And vice versa.

I bet there are rich people out there who did really well out of my trades.

We are starting to win folks. I am trading profitably these days. TDesk does the job for us.

Mind, my SPB live position is silly pips against me.

Hey ho. If becoming rich were easy then we would all have done so already. It isn't so we aren't.

Yet.

[echoman01]

All I can say is that SPB has built huge grids of up to 15 orders against GBP. That will result in huge fun or total distress. Of course that had to happen immediately after I put FXT-SPB3 on some live accounts.



Cheers
Thomas

Imagine George Soros vs GBP using FXT-SPB3 on Sept.16, 1992

But as sensei Hopwood just said, big news spikes, then onward with the trend.

[cozybooks]

For years I told people, as soon as you hear me say, "No one is going to pay good money for this!", run out and mortgage your house and buy the stock. My two most famous ones from my younger days:

1) seeing the first "cell" phones, big portal monsters for a few thousand dollars and $300-400/month. I said a loudly as I could, "nobody would pay good money for this! Why would you want people to reach you anywhere at any hour?"

2) The first local internet service - I can't remember how expensive, but it was up there. I said, "no one would pay good money for this! What in the world would you use it for?"

If you had traded opposite each of my first 500 Forex trades, maximum lot size each time, pushing your account to the max, you would be a millionaire twenty times over now...

Is Bob the one who said, "Live to trade another day?"
Hang in there!! Steve is right. Happy days are coming our way.

[tomele]

Ehup.

https://www.bbc.com/news/uk-politics-47533164

An evening prayer:

Dear Big Guys.
Thank you for letting us attend your fabulous "Buy the Rumors" act.
Now let us see your even more dramatic "Sell the News" act.
:youknow: :youknow: :youknow:
Ramen.

Good night to all of you.
Thomas