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Cable Update (GBPUSD)

  • #465,401
  • Oct 2, 2018 3:59pm Oct 2, 2018 3:59pm
Quoting elbert3
{quote} But in the background lol
We'll survive

Do you remember Suthmo, KillerWhale....

Boy they were the crazy ones
Beware of robber banks (RB), bad advisors.
  • #465,402
  • Oct 2, 2018 4:02pm Oct 2, 2018 4:02pm
Quoting Bones
you need more detail to be right {quote}
Time will tell.
Old chart.


What i meant is - can't be easy to trade with 80 pips swing every 1-3 hours

...for a Normal guy like me....say 1-2H chart....so i won't bother much, just accumulate shorts

Different people....Trade differently....



Can't wait for the daily close below 2990 so i can post OnlineLongAddict new endeavours
Beware of robber banks (RB), bad advisors.
  • #465,403
  • Oct 2, 2018 4:56pm Oct 2, 2018 4:56pm
GBP/Usd is consolidating just under 1.30 level, lack of directional strength. The pair's direction depending a lot on Brexit developments and very little on technicals.
  • #465,404
  • Oct 2, 2018 5:15pm Oct 2, 2018 5:15pm
True that above

Spikes expect everywhere... Even 1.31, which would be nice, sell higher

1.2980 now and as promised I dropped by to poke some fun

New picture (won the contest in my office!!!!!) , old target, old text

Quoting OnlineAddict
I would bet anything we will see 3240 soon and there is nothing anyone can do about it.
Easy money...like picking it from the street.
Was 1.3120 at time of writing. Just saying... was selling

Guys, fellows,
We ain't seen OnlineLongAddict..... many days.

Could be in trouble

Maybe he pawned his phone...rings....loan sharks broken his fingers......

Good fun, including in my office we use O.A. as a secret word for Godzila size optimism

And "Bubba don't be O.A." is a blood curling insult!!!!
LOL

Bye bye, can't trade this until clear smash down and chat again at 1.25.
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Beware of robber banks (RB), bad advisors.
  • #465,405
  • Oct 2, 2018 6:16pm Oct 2, 2018 6:16pm
The reason why you can’t become a consistently profitable trader is because of your never ending pursuit of this “Holy Grail”. But, what these Pros do consistently is place the odds in their favor by reading the market correctly. The Simple Formula Used By Top Traders To Grab Forex Profits At Will; is to Match Strongest Currency VS Weakest Currency + Current Momentum = High Probability Low Risk Trade Set Up. You can have unlimited returns in the Forex market and trade like the top 1%.
Do that on enough trades and watch what happens to your account balance.

since I discovered this website and applied the above principle guess what happened, my account balance increased; if you want to make money trading forex give it a try.
  • #465,406
  • Oct 2, 2018 8:33pm Oct 2, 2018 8:33pm
Quoting Bones
you need more detail to be right {quote}
You mean like NKPMG telling us all to sell at 1.35 area last year for the big crash??? Lol...
Never mind the 800-900 pip drawdown that would have followed, just irrelevant details .

All this apparent "negativity" he complains about
Wondering what this is while he continues to Troll....

He keeps saying he won't return to this thread.
Personally, I'd like to see him keep his word on that.
Come with me if you want to live....
  • #465,407
  • Oct 2, 2018 8:52pm Oct 2, 2018 8:52pm
Quoting csc2009
GBP/Usd is consolidating just under 1.30 level, lack of directional strength. The pair's direction depending a lot on Brexit developments and very little on technicals.
What on Earth are you talking about, I would say that 4 days of trending down is plenty of directional strength, what do you want....Blood.

This is not consolidation it is maintaining the downward trend of the average. Consolidation would be a flat average with price criss-crossing to hold it flat.

The bulls have been unable to find any support over this period, when they do we change direction Brexit or no Brexit we shouldn't be relying on some obscure news event to make a living. Taking care of the trade is our job the news isn't going to help much because the response is far to fast for we mortals to take advantage of it we can only guard against it by applying stops.

Just about everyday you tell us the same thing, as Bones pointed out lots of wasted ink and paper. Tell us where and why you think price will go for much better reading material. We don't mind if you are correct or not but may take what you spot onboard.
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  • #465,408
  • Oct 3, 2018 3:10am Oct 3, 2018 3:10am
It's been trading sideways for the past two months. Hopefully this month will bring volatility back in the pair.
  • #465,409
  • Oct 3, 2018 3:13am Oct 3, 2018 3:13am
Quoting chucksman
The reason why you can’t become a consistently profitable trader is because of your never ending pursuit of this “Holy Grail”. But, what these Pros do consistently is place the odds in their favor by reading the market correctly. The Simple Formula Used By Top Traders To Grab Forex Profits At Will; is to Match Strongest Currency VS Weakest Currency + Current Momentum = High Probability Low Risk Trade Set Up. You can have unlimited returns in the Forex market and trade like the top 1%. Do that on enough trades and watch what happens to your account...
what is the main reason for the strength change, fundamental? how do you monitor them for your trades? The way I see it is that you would need to wait and watch a pair to reach a certain strength
life is a reflection of what we allow ourselves to see
  • #465,410
  • Oct 3, 2018 4:17am Oct 3, 2018 4:17am
Try 30045 to 3080 tight stops shorts to be added then but watching 4 hour candle close below the 3045 area
  • #465,411
  • Oct 3, 2018 4:38am Oct 3, 2018 4:38am
EJ and GJ likely to be long day for NY session and tomorrow.
Intraday only.
  • #465,412
  • Oct 3, 2018 4:58am Oct 3, 2018 4:58am
And I took long GJ around 147.90. stop 147.73. TP. R1 for today.
Intraday only.
  • #465,413
  • Oct 3, 2018 5:35am Oct 3, 2018 5:35am
Quoting navk
And I took long GJ around 147.90. stop 147.73. TP. R1 for today.
GJ is really confusing these days . the only good thing in going long is because stop loss is clear and small not that big so ratio of risk is worth it. I think best stop loss will be 146.90 and target 150 to 152
  • #465,414
  • Oct 3, 2018 6:07am Oct 3, 2018 6:07am
more down for Pound
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #465,415
  • Oct 3, 2018 6:46am Oct 3, 2018 6:46am
Quoting msniper
{quote} GJ is really confusing these days . the only good thing in going long is because stop loss is clear and small not that big so ratio of risk is worth it. I think best stop loss will be 146.90 and target 150 to 152
No. That was my wrong analysis.

Daily shows still selling. Though 4 hr and weekly was long.

Anyways, the problem happens due to system changing. Was successful in one system, and that I changed today. so.
Intraday only.
  • #465,416
  • Oct 3, 2018 9:02am Oct 3, 2018 9:02am
S>3000, let's do this!

Edit: SL around 3030.
  • #465,417
  • Oct 3, 2018 9:29am Oct 3, 2018 9:29am
Sold : Gbp/usd @ 1.3017.
First target is 1.2956
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It's a big game.
  • #465,418
  • Oct 3, 2018 10:50am Oct 3, 2018 10:50am
Cable, as EURUSD is going down down down...
Sell it On Every Rise (SOER).

When it rise, do not panic.
It might rise with some 300-400 pips, eventually.
Better for you.
You will sell it at better price.
Your average price is what truly matters.
Maadik Hugiis. IQ 69.
  • #465,419
  • Oct 3, 2018 12:50pm Oct 3, 2018 12:50pm
So, GU has spent the whole day hugging the DP; moving 34 pips upwards and 26 pips downwards of it. In other words, the bulls and the bears have fought themselves to a standtill today; even with the trend clearly bearish
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  • #465,420
  • Oct 3, 2018 1:32pm Oct 3, 2018 1:32pm
https://www.forexfactory.com/showthr...4#post11544904
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