Cable Update (GBPUSD) | Page 22950 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #458,981
  • Apr 2, 2018 4:03am Apr 2, 2018 4:03am
Quoting Trade-G
Doesn't the hour looked like eve-eve bottom, and a cup & handle too on the right? H4 is at trendline resistance though...
Very tricky
  • #458,982
  • Apr 2, 2018 11:29am Apr 2, 2018 11:29am
68 pips and done
  • #458,983
  • Apr 2, 2018 12:13pm Apr 2, 2018 12:13pm
Quoting hippiedog
{quote} https://www.babypips.com/learn/forex/triangles Example: hope it helps. 1) candle + fractal clear of resistance 2) fractal + high 3) retest, will resistance become support? 4) buy stop at potential new support 5) adjust stop 6) adjust stop 7) trade closed in profit {image} {image} {image} {image} {image} {image} {image}
Thank you very much
  • #458,984
  • Apr 2, 2018 6:49pm Apr 2, 2018 6:49pm
Quoting Mr.N
{quote} I do not agree with you at all It is possible to make a trade with2 positions and even with advance to make entry order for sell/buy 2 Success rate high if you know what you do I add you here example in the NZD 4H chart Buy 1 is from SMA400 and the take profit is SMA200 Buy 2 is after market go against buy 1 and its from the Distance between SMA400 TO SMA200 (see in pic the arrow) Price get to buy 2 and jump up to the take profit of this buy 2 (sma400 and first buy entery) When you know what you're doing The success rate can be raised dramatically...
It doesn't matter if you agree or not the evidence based on the GBP/USD daily chart you showed is clear. Currently you are about 11 days into the trade and you are still in the red risking 830 pips. Sure the price may go in your favor eventually ( it often does ) but it doesn't always do that and making up the lost time and pips makes for very bad efficiency. You had the opportunity to take profit long ago which would have been far more efficient.

Further it is no use showing charts where it did work, if pockets are deep enough and lot sizes are small enough there is no reason why it would not work if one is prepared to spend many years holding a trade.

Here are the four positions you showed, I don't know if you have added more.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 82 KB
  • #458,985
  • Apr 2, 2018 7:06pm Apr 2, 2018 7:06pm
Quoting hippiedog
Good luck with your drop today dean1star. Give me 1.406 first though please. I'm tucking fired. See yall a bit later. If hits 1.406 air guitar this for me please. https://youtu.be/7lwOFd1RXEA {image}
Good start to April.
Back in 1.40345.

Not a lot going on with gbp until newz.

AUD possibly later?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20180403_005615.png Size: 55 KB
FREEDOM IS SECURITY.
  • #458,986
  • Apr 2, 2018 7:20pm Apr 2, 2018 7:20pm
Quoting Nala66
{quote} It doesn't matter if you agree or not the evidence based on the GBP/USD daily chart you showed is clear. Currently you are about 11 days into the trade and you are still in the red risking 830 pips. Sure the price may go in your favor eventually ( it often does ) but it doesn't always do that and making up the lost time and pips makes for very bad efficiency. You had the opportunity to take profit long ago which would have been far more efficient. Further it is no use showing charts where it did work, if pockets are deep enough and lot sizes...
i am shocked ...with due respect .......mr n play some long innings and show good things not.... than correct some one like nala 66.if you want learn something than respect or if you want teach something than learn good things 1st..imho
Say something meaningful or Silence!!
  • #458,987
  • Apr 2, 2018 7:35pm Apr 2, 2018 7:35pm
Quoting Nala66
{quote} It doesn't matter if you agree or not the evidence based on the GBP/USD daily chart you showed is clear. Currently you are about 11 days into the trade and you are still in the red risking 830 pips. Sure the price may go in your favor eventually ( it often does ) but it doesn't always do that and making up the lost time and pips makes for very bad efficiency. You had the opportunity to take profit long ago which would have been far more efficient. Further it is no use showing charts where it did work, if pockets are deep enough and lot sizes...
First of all you are wrong again
I also had a position from Top price at the trend line so I take all the 8H red candle
When the first one entered the break-even the one from top was with bigger profit
So I closed at a nice profit in the GBPUSD
In addition, there were small Time Frame trades that closed in profit
In addition there were positions in GBPNZD and GBPCHF that closed in profit
You do not know me
You do not know my abilities and my experience
Overall I told you the fact that you can add a position on a losing position And earned for years in this market
You need the right knowledge and experience of course

My example in New Zealand has been working for years (SMA400 TO SMA200)
So it's not random
As you know the graph does not lie

In addition your analysis of my trades by you was not true
Do not try to analyze someone else's positions when you're missing a lot of information about how he manage this positions
How do you know I did not move a stop to entry level?
How do you know I did not add a bigger position at top?

For example, you could take a $ 10 risk and divide it into 3 positions
And like this you raise the success rate significantly
Rather than risking $ 10 in a single position
You divide it to 3 or more according to the chart


After years of trading I am telling you
The point here is to think about how not to lose and not how to make a profit
Once you are planning not to lose you make profit


GL HF All I wrote is in a friendly spirit
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD8h.jpg Size: 170 KB
  • #458,988
  • Edited 8:15pm Apr 2, 2018 8:00pm | Edited 8:15pm
Quoting hippiedog
{quote} Good start to April. Back in 1.40345. Not a lot going on with gbp until newz. AUD possibly later? {image}
Possibly audcad suggest AUD change of direction. Potential 261.8.

Fib positioned like so. But I'm uncertain for gbpaud due to gbp news later.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_20180403_014733.png Size: 113 KB
Click to Enlarge Name: IMG_20180403_020432.png Size: 137 KB
FREEDOM IS SECURITY.
  • #458,989
  • Apr 2, 2018 8:21pm Apr 2, 2018 8:21pm
Quoting hippiedog
{quote} Possibly audcad suggest AUD change of direction. Potential 261.8. Fib positioned like so. But I'm uncertain for gbpaud due to gbp news later. {image} {image}
0.997
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_20180403_021833.png Size: 54 KB
Click to Enlarge Name: IMG_20180403_021926.png Size: 58 KB
FREEDOM IS SECURITY.
  • #458,990
  • Apr 2, 2018 8:44pm Apr 2, 2018 8:44pm
Open Sell GBPUSD around 1.4050,stoploss 1.4110.Target this week around 1.3640-20
Attached Image (click to enlarge)
Click to Enlarge Name: faxy.jpg Size: 76 KB
  • #458,991
  • Apr 2, 2018 10:41pm Apr 2, 2018 10:41pm
I Shorted GU, expecting a vast move. Otherwise a small SL LOL..
  • #458,992
  • Edited 11:52pm Apr 2, 2018 11:32pm | Edited 11:52pm
So 22 months after falling from 150.37 into a formation that just happened to have its mid point at 1.218 we see GU break up and out last month by about 70 pips before falling back. And now, just as it's back "on the line" people are convinced that it it's going to drop and using using arbitrary lower time frame numbers to justify their case. Time will tell.

Simple translation. How anyone can make a definitive statement here re direction somewhat eludes me.
  • #458,993
  • Apr 3, 2018 12:17am Apr 3, 2018 12:17am
My last week chart and this day chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-h1-real-trade.png Size: 60 KB
Click to Enlarge Name: gbpusd-h4-real-trade2.png Size: 66 KB
  • #458,994
  • Apr 3, 2018 12:31am Apr 3, 2018 12:31am
GBPUSD for today
Attached Image (click to enlarge)
Click to Enlarge Name: 03.04.jpg Size: 206 KB
  • #458,995
  • Apr 3, 2018 2:57am Apr 3, 2018 2:57am
Quoting Trade-G
Is the bigger picture from the D1 completed from its bullish breakout? One thing for sure, the ancient down trendline that kept it down from the double top previously kept it down again this time (red arrows). From here for bullishness it may likely push slightly lower before a good reversal propel it upwards resuming the upswing from this pullback. 2nd likely scenario is that it may continue to push downwards until the darker blue circle, also the uptrend line support in dark red line, before it attempt to upswing again. {image}
Scenerio 1 played out, lets see how far it will upswing...
  • #458,996
  • Apr 3, 2018 2:58am Apr 3, 2018 2:58am
1.4091 the target I guess lol
  • #458,997
  • Apr 3, 2018 3:15am Apr 3, 2018 3:15am
Quoting Trade-G
1.4091 the target I guess lol
open for negotiation? 1.3965 LOL
  • #458,998
  • Apr 3, 2018 3:19am Apr 3, 2018 3:19am
Quoting SweetRevenge
{quote} open for negotiation? 1.3965 LOL
Its actually near the 1.4091 level, looking for weakness, M1 in compression for the next move perhaps
  • #458,999
  • Apr 3, 2018 3:20am Apr 3, 2018 3:20am
Quoting SweetRevenge
{quote} open for negotiation? 1.3965 LOL
or 1.4138
  • #459,000
  • Apr 3, 2018 4:31am Apr 3, 2018 4:31am
Well done me, I think I deserve the afternoon off work
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20180403_102414.png Size: 61 KB
Attached Images
FREEDOM IS SECURITY.
2,126 traders viewing now