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Cable Update (GBPUSD)

  • #468,101
  • Nov 9, 2018 7:17am Nov 9, 2018 7:17am
Quoting elbert3
{image}{quote} Gone into long trade before as 1 hour shows a reversal sign for now
Don't know, looks bearish to me ... especially the second rejection of the daily low. But good look man, I am hanging in the ropes sidelined for today ...
Fix up, trade sharp ...
  • #468,102
  • Nov 9, 2018 7:26am Nov 9, 2018 7:26am
Quoting Yngwie
GBPUSD 4H show buy signal with nice uptrend sliding channel. Price still under pressure below 1.3070. Can buy at 1.3010 put SL below 1.2990 and wish PPI m/m news bad for USD {image}
Closed 1.3035 for +25 pips lol. Newsss coming up
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #468,103
  • Nov 9, 2018 7:31am Nov 9, 2018 7:31am
Good news, good stop hunt.!!!!
LOL x 20

Pound gets my respect as most manipulated

Needless to say, so obvious, i closed my shorts at 1.30.
My expected stop hunt to 2950 didn't happen yet.... Sad.

Now, for reasons i won't disclose I'm adding few longs. Target unknown... But could be 1.32-33-35.

I strongly advice new traders to stay away from this pathetic pair. Or trade small.... Against news.....
Think of 2950 too. Excellent entry up.
Beware of robber banks (RB), bad advisors.
  • #468,104
  • Nov 9, 2018 7:33am Nov 9, 2018 7:33am
Quoting Hickson
{quote} Don't know, looks bearish to me ... especially the second rejection of the daily low. But good look man, I am hanging in the ropes sidelined for today ...
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4189.PNG Size: 85 KB
you could be right so we go into the same type of play as yesterday.
  • #468,105
  • Nov 9, 2018 7:35am Nov 9, 2018 7:35am
i look to buy around 1.2850-60 area. now i still hold my shorts
Forex Learner
  • #468,106
  • Nov 9, 2018 7:44am Nov 9, 2018 7:44am
I see top secret
you're be closing those longs


Quoting Not-KPMG
Good news, good stop hunt.!!!! LOL x 20 Pound gets my respect as most manipulated Needless to say, so obvious, i closed my shorts at 1.30. My expected stop hunt to 2950 didn't happen yet.... Sad. Now, for reasons i won't disclose I'm adding few longs. Target unknown... But could be 1.32-33-35. I strongly advice new traders to stay away from this pathetic pair. Or trade small.... Against news..... Think of 2950 too. Excellent entry up.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,107
  • Nov 9, 2018 7:46am Nov 9, 2018 7:46am
I don't get it why try to redirect people to twitter feeds etc
what's that all about ?
btw my account is
www.bonesisthebest.co,UK,com
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,108
  • Nov 9, 2018 7:48am Nov 9, 2018 7:48am
Quoting Not-KPMG
Good news, good stop hunt.!!!! LOL x 20 Pound gets my respect as most manipulated Needless to say, so obvious, i closed my shorts at 1.30. My expected stop hunt to 2950 didn't happen yet.... Sad. Now, for reasons i won't disclose I'm adding few longs. Target unknown... But could be 1.32-33-35. I strongly advice new traders to stay away from this pathetic pair. Or trade small.... Against news..... Think of 2950 too. Excellent entry up.
i still do short GBP GU and GJ wish me luck
PA Return This Week: 2.7%
  • #468,109
  • Nov 9, 2018 7:50am Nov 9, 2018 7:50am
I can only assume you're still weekly doji long EU


Quoting Not-KPMG
Good news, good stop hunt.!!!! LOL x 20 Pound gets my respect as most manipulated Needless to say, so obvious, i closed my shorts at 1.30. My expected stop hunt to 2950 didn't happen yet.... Sad. Now, for reasons i won't disclose I'm adding few longs. Target unknown... But could be 1.32-33-35. I strongly advice new traders to stay away from this pathetic pair. Or trade small.... Against news..... Think of 2950 too. Excellent entry up.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,110
  • Nov 9, 2018 8:25am Nov 9, 2018 8:25am
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpeg Size: 53 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,111
  • Nov 9, 2018 8:54am Nov 9, 2018 8:54am
Quoting LeongPuiy
{quote} i still do short GBP GU and GJ wish me luck
GL
POSTMASTER
  • #468,112
  • Nov 9, 2018 9:41am Nov 9, 2018 9:41am
Attached Image (click to enlarge)
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  • #468,113
  • Nov 9, 2018 9:50am Nov 9, 2018 9:50am
As I see it, GU looks pretty good for shorting. I put in my positions and would like to see it go to around 1.2700 or there abouts, however, the market will do what it does. My approach to trading, I just learned in positioning, is called 'weighted stack averaging'. I used to call it averaging my position but that sounds cooler. Basically if you have two positions or twenty, in reality, it's averaged to one value. It's no different than finding the mean value of any data.

I rely heavily on the daily chart to determine the overall trend of a currency pair. The GU is downtrending and I positioned 11 pips with lots of 2, so 22 pips. The range is: 1.3110 to 1.3147 with a value around 1.3129. The reason I do this is I can never find the top or the bottom of a PA. So I'll buy limit of about 5 or 6 positions when I think I found the top. I adjust along the way and sometimes I have to take little losses to improve my averaging up or down.

Anyway, on my chart, I have my little ducks in a row and yesterday the GU started its move down. I put in my stops after I am well into the green and if the PA goes against me, I'm already in the profit. I win some and I lose some. Managing the losses as well as the wins is key to forex trading.

So, as it stands right now, I'm in profit. Also notice that I use Heiken Ashi candles. They simply smooth out the PA and shows the transition swings.
Profit Stop: 1.30
Take Profit Stop: 1.27
I adjust these accordingly as I get near an end of a trade.
Attached Image (click to enlarge)
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Taigen Profit This Month: na
  • #468,114
  • Nov 9, 2018 9:54am Nov 9, 2018 9:54am
happy hunting for green pips Leongpuiy️
just for a cup of coffee...
  • #468,115
  • Nov 9, 2018 9:56am Nov 9, 2018 9:56am
jo johnson the UK transport minister just resigned
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,116
  • Nov 9, 2018 10:05am Nov 9, 2018 10:05am
this one is all about the open
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,117
  • Nov 9, 2018 10:10am Nov 9, 2018 10:10am
Its in the box of death
don't look that up cause I made it up this morning
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,118
  • Nov 9, 2018 10:11am Nov 9, 2018 10:11am
now lets go below 1.30
just for a cup of coffee...
  • #468,119
  • Nov 9, 2018 10:20am Nov 9, 2018 10:20am
Quoting Bones
this one is all about the open {image}
Look, for while the market is following what we was talking in the weekend. Let's see in the next week. Good luck

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 63 KB
Together we can be strongest
Vantage Return This Month: -97.0%
  • #468,120
  • Nov 9, 2018 10:23am Nov 9, 2018 10:23am
that last bullish h4 breaks its straight down , there is no deal because its still open-ended

Quoting palpite
{quote} Look, for while the market is following what we was talking in the weekend. Let's see in the next week. Good luck {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
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