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Cable Update (GBPUSD)

  • #476,201
  • Apr 14, 2019 2:50pm Apr 14, 2019 2:50pm
Attachment g

Here's the year-long daily chart...

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Is anyone else expecting that there will be a sudden crash, like the one that occurred after the Sunderland vote?
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HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #476,202
  • Apr 14, 2019 3:54pm Apr 14, 2019 3:54pm
GBPUSD still in the bearish mode
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Le$$ I$ More
  • #476,203
  • Apr 14, 2019 5:38pm Apr 14, 2019 5:38pm
Hammer formed, supposed to be bearish this week except something unusual happens
The fragrance remains in the hands of those that gves the rose
  • #476,204
  • Apr 14, 2019 5:47pm Apr 14, 2019 5:47pm
Imagine what just happened in the H1 chart, this is a sign of a bullish confirmation. Two conflicting signals at the same time. We are heading for a 1.33. I will close my shorts by the time we get to i.32, for a long sway
The fragrance remains in the hands of those that gves the rose
  • #476,205
  • Apr 14, 2019 8:23pm Apr 14, 2019 8:23pm
Quoting fontu
{quote} test long there before market close as having support at 3060/50 but may not hold for long time before crash to better level 1.2988 for start good trades if all ok. considering 2959 intact , if broken,hope not at all though yet, then next bull try should below 2772!! so first 1-2 days may range 3115/2988 before burst possible 3rd day, .not know if any great news that time. Take care {image}
sold GU at the to of the hour.

3037 is what I am looking for.
Intraday only.
  • #476,206
  • Apr 14, 2019 9:15pm Apr 14, 2019 9:15pm
Inserted Video
  • #476,207
  • Apr 14, 2019 11:27pm Apr 14, 2019 11:27pm
Given the behavior of Euro and Swiss, I am of the view that Cable will go up..

Cable appears like a laggard right now, but, if it can sustain above SMA-13 on H1, it should eventually shoot high.
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Meditate -> Workout -> Good Food = Good Life!
  • #476,208
  • Apr 14, 2019 11:37pm Apr 14, 2019 11:37pm
Quoting navk
{quote} sold GU at the to of the hour. 3037 is what I am looking for.
3110/3070 probably range play today starts for scalping . take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #476,209
  • Apr 15, 2019 12:05am Apr 15, 2019 12:05am
Quoting fontu
{quote} 3110/3070 probably range play today starts for scalping . take care {image}
closed my first set of shorts.

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Intraday only.
  • #476,210
  • Apr 15, 2019 4:43am Apr 15, 2019 4:43am
Quoting navk
{quote} closed my first set of shorts. {image}
Closed way to early. Sorry but i am sticking with my shorts on the GBP on all crosses.

I dont want to tell you how to trade but ---- -
From this image it seem you way over trading that account- Sorry the correct way is trading to big for such a small account. On that account i would never trade more than 0.01 lots. Only once $2000 account balance is reached then i would go to 0.02 lots per trade. 0.12lots per trade is a bit steep so you have no room for the market to breath. Causing losses way to early thus blowing your account.

Just my 2 cents.
  • #476,211
  • Apr 15, 2019 5:16am Apr 15, 2019 5:16am
Sorry this is off the topic.
Here is a example of a trading company i am testing.Go-Markets Australia in case anyone want to know.

Has anyone used them here and whats your personal experience with them????

So far trades look fair and swaps seem very ok. Deposited 100 in november 2018 this is it now.

All manual trading. I haven't withdrawn any money yet so lets hope its all ok.

I am still short on all the GBP Crosses. to me anything on the GBPUSD bellow 1.316 is short

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  • #476,212
  • Apr 15, 2019 5:33am Apr 15, 2019 5:33am
Quoting Henry2501
{quote} Closed way to early. Sorry but i am sticking with my shorts on the GBP on all crosses. I dont want to tell you how to trade but ---- - From this image it seem you way over trading that account- Sorry the correct way is trading to big for such a small account. On that account i would never trade more than 0.01 lots. Only once $2000 account balance is reached then i would go to 0.02 lots per trade. 0.12lots per trade is a bit steep so you have no room for the market to breath. Causing losses way to early thus blowing your account. Just my...
good advice for newbies with small capital.
Intraday only.
  • #476,213
  • Apr 15, 2019 5:40am Apr 15, 2019 5:40am
Quoting Henry2501
Sorry this is off the topic. Here is a example of a trading company i am testing.Go-Markets Australia in case anyone want to know. Has anyone used them here and whats your personal experience with them???? So far trades look fair and swaps seem very ok. Deposited 100 in november 2018 this is it now. All manual trading. I haven't withdrawn any money yet so lets hope its all ok. I am still short on all the GBP Crosses. to me anything on the GBPUSD bellow 1.316 is short {image} {image}
Nice work mate!
Yoobbie
  • #476,214
  • Apr 15, 2019 6:42am Apr 15, 2019 6:42am
Quoting Henry2501
Sorry this is off the topic. Here is a example of a trading company i am testing.Go-Markets Australia in case anyone want to know. Has anyone used them here and whats your personal experience with them???? So far trades look fair and swaps seem very ok. Deposited 100 in november 2018 this is it now. All manual trading. I haven't withdrawn any money yet so lets hope its all ok. I am still short on all the GBP Crosses. to me anything on the GBPUSD bellow 1.316 is short {image} {image}
I had long Cable, closed with tiny profit..

Given how swissy is performing, your short Cable idea does not look bad to me.
Meditate -> Workout -> Good Food = Good Life!
  • #476,215
  • Edited 7:30am Apr 15, 2019 7:17am | Edited 7:30am
Quoting YellowFellow
{quote} I had long Cable, closed with tiny profit.. Given how swissy is performing, your short Cable idea does not look bad to me.
Im no pro trader at all so just be careful.
I have just learned over the years to not trade short term. Way more money in the market long term trades. Large account small lots.
but we all get tangled in this web of trade big and quick only to be cleaned out by the big boys.

My opinions are normally the opposite of most guys here. Not that they wrong at all. We all have a right to your own opinions. I trade simple 4H and Daily charts. Thats it. No need to get confused by all the noise out there.

I also use my own custom Moving averages and thats it no fancy EA's or nonsense.

My big lesson i learned was stick with your strategy. No mater what other people say. As long as you follow your own rules and don't deviate from them.
Any and i can say any strategy works if its followed long-term and you stick with it.
by the way long term is minimum 6month to a year. not a week and jump to the next one. I use to to that dont worry.

I do look at other opinions and analyze why they say what they say then will implement that according to my own strategy. But my rules come first then the other analysis. Thats why i enjoy these forums and i always have popcorn on hand because there can be some handbags flung around here.

Shame Moty is always involved - Good on you moty you say what you want and there is nothing wrong with it.

My long term exit strategy still needs work but i am happy with entries and take profits.

My outlook
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  • #476,216
  • Apr 15, 2019 7:38am Apr 15, 2019 7:38am
Quoting Henry2501
{quote} Im no pro trader at all so just be careful. I have just learned over the years to not trade short term. Way more money in the market long term trades. Large account small lots. but we all get tangled in this web of trade big and quick only to be cleaned out by the big boys. My opinions are normally the opposite of most guys here. Not that they wrong at all. We all have a right to your own opinions. I trade simple 4H and Daily charts. Thats it. No need to get confused by all the noise out there. I also use my own custom Moving averages and...
My Win Rate is pathetic.. yet been good as of late..

> I have just learned over the years to not trade short term.

----> It all depends on your strategy. I close each trade withing 12 hrs (on avg)

> Any and i can say any strategy works if its followed long-term and you stick with it.

---> You should be sure about what you are doing. You can stick to your strategy only if its proven and if its been working for you, otherwise it can be a mess.
Meditate -> Workout -> Good Food = Good Life!
  • #476,217
  • Apr 15, 2019 8:09am Apr 15, 2019 8:09am
Quoting Henry2501
{quote} Im no pro trader at all so just be careful. I have just learned over the years to not trade short term. Way more money in the market long term trades. Large account small lots. but we all get tangled in this web of trade big and quick only to be cleaned out by the big boys. My opinions are normally the opposite of most guys here. Not that they wrong at all. We all have a right to your own opinions. I trade simple 4H and Daily charts. Thats it. No need to get confused by all the noise out there. I also use my own custom Moving averages and...
I see ur not using a Sl and all trades closed with a profit
  • #476,218
  • Apr 15, 2019 8:29am Apr 15, 2019 8:29am
gu 15 m + dx 15m
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yes yes yes
  • #476,219
  • Apr 15, 2019 8:41am Apr 15, 2019 8:41am
Quoting m7mad.a
{quote} I see ur not using a Sl and all trades closed with a profit
Hello m7mad.a yes i don't recommend this. I trade and monitor my trades manually. I do have losing trades I will share the screen with some loss trades. But i manually manage my trades. Only my Take profits are predetermined and even that gets moved sometime. If profits are not hit and i dont like the sentiment of the markets i will remove my trades from the market manually. there is even a -$25 trade on this account somewhere in the 180 odd trades.

I did notice my profits started increasing without SL in place as most of the time the SL gets hit and then market moves in my direction. My failsafe stoploss is 450pips but i normally take out way before this.

Do not do this- Its dangerous- I am confident in my strategy that's why i do this. It can sometime bring on big losses. Thats why i am still working on my exit strategy.
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the account you see here is just a test account on a new trading company i joined and i have had some large losses on my other account but i am still ahead of the game and making pips.
  • #476,220
  • Apr 15, 2019 8:46am Apr 15, 2019 8:46am
Quoting Henry2501
{quote} Hello m7mad.a yes i don't recommend this. I trade and monitor my trades manually. I do have losing trades I will share the screen with some loss trades. But i manually manage my trades. Only my Take profits are predetermined and even that gets moved sometime. If profits are not hit and i dont like the sentiment of the markets i will remove my trades from the market manually. there is even a -$25 trade on this account somewhere in the 180 odd trades. I did notice my profits started increasing without SL in place as most of the time the SL...
I recommend you withdraw 200 usd and play with the rest. To check on your broker, and outcome the fear.
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