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Cable Update (GBPUSD)

  • #473,541
  • Jan 13, 2019 10:34am Jan 13, 2019 10:34am
Feels like there's going to be a pullback till 1.27 where then it'll be bullish to 1.31! Hope so xx
  • #473,542
  • Jan 13, 2019 1:50pm Jan 13, 2019 1:50pm
Quoting NotAtrader
{quote} https://myfxspot.com/forex-strategie...-way-to-target This bullish TA and forecast were published on April. 12. 2018 after which GBPUSD went up only 80 pips followed by 1900 pips down trend with almost no significant bounces. Not enough? Research yourself.
What on earth makes you think those bulls are still trapped in those positions? I read analysis from that site of going long from 1.4010 with an initial SL of 1.39 (raised to 1.4070 once in profit).
Can you clarify what makes you believe they are stil holding their positions.
Come with me if you want to live....
  • #473,543
  • Jan 13, 2019 1:56pm Jan 13, 2019 1:56pm
Quoting blaze1
Feels like there's going to be a pullback till 1.27 where then it'll be bullish to 1.31! Hope so xx
1.2865 already!
  • #473,544
  • Jan 13, 2019 2:06pm Jan 13, 2019 2:06pm
Quoting Ill-b-back
{quote} What on earth makes you think those bulls are still trapped in those positions? I read analysis from that site of going long from 1.4010 with an initial SL of 1.39 (raised to 1.4070 once in profit). Can you clarify what makes you believe they are stil holding their positions.
I believe they are still trapped because the technical analysis provided at that time did not materialize. I and probably you don’t follow this kind of BS, but all too many retailers do.
Anyways with a proper money management they will survive, but again not everyone has a good money management.

Lets see what happens.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #473,545
  • Jan 13, 2019 2:11pm Jan 13, 2019 2:11pm
Quoting FXGambler10
{quote} 1.2865 already!
This is just pre-market noise. It’s like that every Sunday.
Still not sure where where it’ll go. One thing is for sure for now - mighty spikes all over the place.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #473,546
  • Jan 13, 2019 2:43pm Jan 13, 2019 2:43pm
Unfortunately for now is going up. Then the vote, no confidence motion and new election and we will go down to 1.20!
  • #473,547
  • Jan 13, 2019 3:24pm Jan 13, 2019 3:24pm
Quoting FXGambler10
Unfortunately for now is going up. Then the vote, no confidence motion and new election and we will go down to 1.20!
Yes it's looking that way.. not too sure about a drop to 1.2.. maybe in the long term
  • #473,548
  • Jan 13, 2019 3:43pm Jan 13, 2019 3:43pm
Quoting NotAtrader
{quote} https://myfxspot.com/forex-strategie...-way-to-target This bullish TA and forecast were published on April. 12. 2018 after which GBPUSD went up only 80 pips followed by 1900 pips down trend with almost no significant bounces. Not enough? Research yourself.
The April 12 publication was an update on a long position entered earlier at 1.4010., I've checked my chart and it was a good trade, going beyond their 4270 tp after April 12.
Come with me if you want to live....
  • #473,549
  • Jan 13, 2019 3:57pm Jan 13, 2019 3:57pm
Quoting Ill-b-back
{quote} The April 12 publication was an update on a long position entered earlier at 1.4010., I've checked my chart and it was a good trade, going beyond their 4270 tp after April 12.
Good trade for you? Good for you. But speak for yourself please. You don’t know how good that trade was for the majority of the retailers. As we both know the majority of the retailers (95%) are always against the trend. 16% of them manage to recover, which results in 78% of all retailers consistently losing money to the market movers.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #473,550
  • Jan 13, 2019 4:29pm Jan 13, 2019 4:29pm
Quoting NotAtrader
{quote} Good trade for you? Good for you. But speak for yourself please. You don’t know how good that trade was for the majority of the retailers. As we both know the majority of the retailers (95%) are always against the trend. 16% of them manage to recover, which results in 78% of all retailers consistently losing money to the market movers.
What? It wasn't MY trade.
You cited a specific trade example as a losing trade, and I simply showed you the example actually reached take profit as a winning trade.

I'm long targetting 1.33 by the way.
Come with me if you want to live....
  • #473,551
  • Jan 13, 2019 4:39pm Jan 13, 2019 4:39pm
Quoting Ill-b-back
{quote} What? It wasn't MY trade. You cited a specific trade example as a losing trade, and I simply showed you the example actually reached take profit as a winning trade. I'm long targetting 1.33 by the way.
Ok then. Problem solved.
i am hedging by the way and don’t really care much where GU will go. My short hedge is somewhat bigger, but there will enormous spikes and wherever it spikes I’ll make bucks. And more buck on the bouncing
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #473,552
  • Jan 13, 2019 4:47pm Jan 13, 2019 4:47pm
Quoting NotAtrader
{quote} Ok then. Problem solved. i am hedging by the way and don’t really care much where GU will go. My short hedge is somewhat bigger, but there will enormous spikes and wherever it spikes I’ll make bucks. And more buck on the bouncing
I wish you all the best closing out 1 position on a favourable spike, leaving the other position exposed. Could never make any money on negative hedges myself, prob because I over leveraged.
All the best.
Come with me if you want to live....
  • #473,553
  • Jan 13, 2019 4:58pm Jan 13, 2019 4:58pm
Quoting Ill-b-back
{quote} I wish you all the best closing out 1 position on a favourable spike, leaving the other position exposed. Could never make any money on negative hedges myself, prob because I over leveraged. All the best.
Yes hedging is a tricky approach. But ones you find the way to manage your hedges it becomes quite profitable strategy. Try to replace your stop loss with a hedge pending order. You’ll see how sweet that moment is when your pending minus locks instead of losing it because the SL. At the beginning of a retrace take profit from the hedge and then recover you primary position during the bounce back. That’s it.

Good luck to you too
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #473,554
  • Jan 13, 2019 5:06pm Jan 13, 2019 5:06pm
Quoting NotAtrader
{quote} Yes hedging is a tricky approach. But ones you find the way to manage your hedges it becomes quite profitable strategy. Try to replace your stop loss with a hedge pending order. You’ll see how sweet that moment is when your pending minus locks instead of losing it because the SL. At the beginning of a retrace take profit from the hedge and then recover you primary position during the bounce back. That’s it. Good luck to you too
Sounds easy.
What if it doesn't retrace enough to recover your initial trade before continuing on it's way against it? Is final SL just below the recent turning point for the retrace? Or do you place another hedge?
Come with me if you want to live....
  • #473,555
  • Jan 13, 2019 5:18pm Jan 13, 2019 5:18pm
Quoting Ill-b-back
{quote} Sounds easy. What if it doesn't retrace enough to recover your initial trade before continuing on it's way against it? Is final SL just below the recent turning point for the retrace? Or do you place another hedge?
Yes there’s always probability of the price going agains you. In case it doesn’t fully retrace I place another hedge. In such situation your pending minus gets at least smaller. The tricky part is to know where to take profit and where to put another hedge. I always follow the PA and candlestick patterns. This approach never fails mate. Trust me. Believe it or not I make 3% in average every trading day. Look at my signature. This is not just something I write for fun. This is true.

Good luck
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #473,556
  • Edited 6:25pm Jan 13, 2019 6:15pm | Edited 6:25pm
Comun sense tells me that retail market never gets trapped but wipped out and that was between 12400/12700. Way cleared up to go long main trend. I doubt retail market trapped above 1.4000 thats been history
POSTMASTER
  • #473,557
  • Jan 14, 2019 12:29am Jan 14, 2019 12:29am
Inserted Video
  • #473,558
  • Jan 14, 2019 12:54am Jan 14, 2019 12:54am
Quoting NotAtrader
{quote} Yes there’s always probability of the price going agains you. In case it doesn’t fully retrace I place another hedge. In such situation your pending minus gets at least smaller. The tricky part is to know where to take profit and where to put another hedge. I always follow the PA and candlestick patterns. This approach never fails mate. Trust me. Believe it or not I make 3% in average every trading day. Look at my signature. This is not just something I write for fun. This is true. Good luck
I did notice your signature and just curiously is that trading days in a year or 365 days of the year making 3%?
A quick search on google says in 2016 there were 252 forex trading days and what calculator or formula can you use to calculate this type of maths problem?
Again a quick search on google and I couldn't find the one I wanted....
Secondly I have watched youtube vids(who hasn't lol) on trading and in one of those he was saying at some point in a traders journey they are going to hit the problem of trading large lots and freaking out over the price movement either for or against.
The most I have traded is 2 lots and even at that level it can get nerve wracking watching the trade go against you and I just wanted to know was that something you had to overcome?
The trader on this youtube vid was saying when his students hit about 100 pounds a pip thats when they started freaking out and some never get past that amount and prefer to start a new account....
Don't Leave Money on the Table
  • #473,559
  • Jan 14, 2019 1:20am Jan 14, 2019 1:20am
Quoting NotAtrader
{quote} Yes hedging is a tricky approach. But ones you find the way to manage your hedges it becomes quite profitable strategy. Try to replace your stop loss with a hedge pending order. You’ll see how sweet that moment is when your pending minus locks instead of losing it because the SL. At the beginning of a retrace take profit from the hedge and then recover you primary position during the bounce back. That’s it. Good luck to you too
Morning I agree with that one as I do it myself . I even hedge when my other lots are in profit but you then need to get your hedge into break even then hopefully you don't loss and you can add to you winning trades with the hope to go on . This is best done with the trend .
  • #473,560
  • Jan 14, 2019 1:36am Jan 14, 2019 1:36am
Lately i was thinking that GBP pairs are the most swinging.

Pair is ranging as of the moment

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