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Cable Update (GBPUSD)

  • #462,761
  • Jul 24, 2018 7:58pm Jul 24, 2018 7:58pm
bull will try to test around 3230-3250 today
if fail from there so we might see another leg down continue..
maybe i’m wrong
still hold my last long
at bE so lets the market decide..
just for a cup of coffee...
  • #462,762
  • Jul 24, 2018 8:02pm Jul 24, 2018 8:02pm
I am watching this guy on the leader board... Talk about taking a risk. He insists on keep shorting and now his 15 trades are all in the red.

He was well in profit at one stage but held out for more .

His trades look something like this...
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  • #462,763
  • Jul 24, 2018 8:05pm Jul 24, 2018 8:05pm
only need to go under 3107 and most will become vegetarian
  • #462,764
  • Jul 24, 2018 8:21pm Jul 24, 2018 8:21pm
continue my sleep,see at london open all
just for a cup of coffee...
  • #462,765
  • Jul 24, 2018 8:48pm Jul 24, 2018 8:48pm
Quoting navk
e.{quote} closed all my longs. Nice one. Now started to take shorts. 3163 and above.
Nala, I saw your post. It reminded me of my short trades opened from 1.3163 and above. The price went up to 1.3284 and fell down.

so 121 pips negative at one point.

As per my system trades were opened above 3163 on 13 th july and total 24 short trades of different lot sizes ( not same lot size ) and finally I closed the trades at 1.3150.

Yes my DD was more due to 120 pips negative but held my nerve as my system does not lie but only thing is it needs bigger capital.

But closed all my short trades on 17th july with nice profits.
Intraday only.
  • #462,766
  • Jul 24, 2018 9:43pm Jul 24, 2018 9:43pm
Not a good situation being short going into tomorrow imo.
Theres a profit taking target of 1.3275 still alive. The only resistance I see is 1.3155 which is already being tested this asian session.
Once price retraces to 1.3136, i dont see much in the way of a bullish rally.
Not saying it will hit 1.3275, but it will more than likely move higher.
The Motto: Consistent and Highly Profitable
  • #462,767
  • Jul 24, 2018 10:11pm Jul 24, 2018 10:11pm
I am happy with these trades and closing. Not a big profit though.
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Intraday only.
  • #462,768
  • Jul 24, 2018 10:30pm Jul 24, 2018 10:30pm
Quoting navk
{quote} Nala, I saw your post. It reminded me of my short trades opened from 1.3163 and above. The price went up to 1.3284 and fell down. so 121 pips negative at one point. As per my system trades were opened above 3163 on 13 th july and total 24 short trades of different lot sizes ( not same lot size ) and finally I closed the trades at 1.3150. Yes my DD was more due to 120 pips negative but held my nerve as my system does not lie but only thing is it needs bigger capital. But closed all my short trades on 17th july with nice profits.
That's fine and I am glad you made good. The problem is that each time you make good the more convinced you become that the market will turn in your favour. Even if you are correct 99 times out of a 100 it is that single one in hundred that will wipe out the account. So this becomes more of a gamble than a trade.

I couldn't handle the stress of such a draw down especially when it can be avoided with a simple stop. For me adding to winners and stopping out losers is much more healthier and keeps my account growing nicely. This month, though not yet ended, I am at +475%.

However we all trade our own ways and if things are working then that is fine.
  • #462,769
  • Jul 24, 2018 10:53pm Jul 24, 2018 10:53pm
Quoting Nala66
I am watching this guy on the leader board... .. {image}
what leader board? your watching golf?
Look Sharp/Trade Tight
  • #462,770
  • Jul 24, 2018 11:06pm Jul 24, 2018 11:06pm
Quoting PayTheLimit
{quote} what leader board? your watching golf?
Argh...Just got stopped out for +1 pip.

Under Trades on the menu bar...
  • #462,771
  • Jul 24, 2018 11:14pm Jul 24, 2018 11:14pm
Quoting Nala66
{quote} Argh...Just got stopped out for +1 pip. Under Trades on the menu bar...

ah, gotcha…

hows things man, where is the old crew? where is your old buddy Mr Breakout?
Look Sharp/Trade Tight
  • #462,772
  • Jul 24, 2018 11:17pm Jul 24, 2018 11:17pm
Darn it stopped out again for +1.... This is useless at the moment.

Dunno where folks are maybe they are locked up planning their next breakout....
  • #462,773
  • Jul 24, 2018 11:44pm Jul 24, 2018 11:44pm
Quoting Nala66
Darn it stopped out again for +1.... This is useless at the moment. Dunno where folks are maybe they are locked up planning their next breakout....
Indeed. I had broken out myself, taken one of my breaks from this place..thought I'd stop by and see whats going...place seems dead..
Look Sharp/Trade Tight
  • #462,774
  • Edited Jul 25, 2018 12:11am Jul 24, 2018 11:50pm | Edited Jul 25, 2018 12:11am
Quoting PayTheLimit
{quote} Indeed. I had broken out myself, taken one of my breaks from this place..thought I'd stop by and see whats going...place seems dead..
Well this is the first month of the new finance year so I haven't been posting much because I want to get off to a good start. The more I make in the beginning makes the end game easier.
  • #462,775
  • Jul 25, 2018 12:01am Jul 25, 2018 12:01am
Quoting Nala66
{quote} Well this is the first month of the new finance year so I haven't been posting much because I was to get off to a good start. The more I make in the beginning makes the end game easier.

well I'm sure you'll be fine, you have a high R/R strategy....which BTW, I did examine a bit some time ago, and got some idea of how you operate...at any rate, I think I'll stick around maybe for a while, pester some people perhaps...


still like 3207 as some R, other than that, not seeing much...
Look Sharp/Trade Tight
  • #462,776
  • Jul 25, 2018 12:09am Jul 25, 2018 12:09am
Market is flat, snail paced and choppy, looking at 3170 myself.
  • #462,777
  • Jul 25, 2018 12:12am Jul 25, 2018 12:12am
We have a failed average LL on the 5 min now we need a HH. So at this time it looks long to me.
  • #462,778
  • Jul 25, 2018 12:25am Jul 25, 2018 12:25am
Quoting Nala66
We have a failed average LL on the 5 min now we need a HH. So at this time it looks long to me.
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yes yes yes
  • #462,779
  • Jul 25, 2018 1:06am Jul 25, 2018 1:06am
Hopeless...stopped me out for +5 pips
  • #462,780
  • Jul 25, 2018 1:18am Jul 25, 2018 1:18am
Quoting aa4fx
{quote} times are changing ... sold 1.3147
I went out of it with another sell from 1.3150 when the price was 1.3142 ... I know, I should have bought it after, but ...

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