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Cable Update (GBPUSD)

  • #481,541
  • Jun 17, 2019 11:24pm Jun 17, 2019 11:24pm
Quoting Theoak
{quote} Closed loss 5 pips taken short in at 1.2530 Target 1.2520
Short, SL 1.2540
  • #481,542
  • Jun 17, 2019 11:43pm Jun 17, 2019 11:43pm
Quoting Theoak
{quote} Closed loss 5 pips taken short in at 1.2530 Target 1.2520
Well not good two trades two losses total 15 PIPS Down. Wait for London opening!!!!!
Don't trade what you think. Just what you see!!!
  • #481,543
  • Jun 18, 2019 12:08am Jun 18, 2019 12:08am
Quoting Theoak
Long in at 1.2536 Target 1.2547
Going for target as per above in at 1.2537. Having day off if this does not work out!
Don't trade what you think. Just what you see!!!
  • #481,544
  • Jun 18, 2019 12:18am Jun 18, 2019 12:18am
Quoting Theoak
{quote} Going for target as per above in at 1.2537. Having day off if this does not work out!
6 PIP loss --- that is me done... Thrown the towel in!
Don't trade what you think. Just what you see!!!
  • #481,545
  • Jun 18, 2019 12:32am Jun 18, 2019 12:32am
Quoting Theoak
{quote} 6 PIP loss --- that is me done... Thrown the towel in!
I don't say market won't go up, but why long at 36? Take a look of the picture. With such market, longs should have been taken at 24, or later at 31. For your long the sl should have been at 25-24 (personally would prefer 18??)
Apologize for the comment, just trying to give an another perspective.
PS also read in the morning various analysis, they give points to look out and one of them was 38lvl
Attached Image (click to enlarge)
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  • #481,546
  • Jun 18, 2019 12:42am Jun 18, 2019 12:42am
Quoting Theoak
{quote} 6 PIP loss --- that is me done... Thrown the towel in!
leaving forex?
Allergic to bullshitters, never argue with fools
  • #481,547
  • Jun 18, 2019 12:56am Jun 18, 2019 12:56am
Attached Image (click to enlarge)
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so trading today I am using the tails on the right as my tl buy or sell and use them as stop or pp points
  • #481,548
  • Jun 18, 2019 1:21am Jun 18, 2019 1:21am
Darn Draghi, his speach let it just nicked my SL!
  • #481,549
  • Jun 18, 2019 1:40am Jun 18, 2019 1:40am
Attached Image (click to enlarge)
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on the green line
Quoting elbert3
{image} so trading today I am using the tails on the right as my tl buy or sell and use them as stop or pp points
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you can see now it's out of its tl so 1 will it bounce 2 break lower to add !!
  • #481,550
  • Jun 18, 2019 1:44am Jun 18, 2019 1:44am
Quoting elbert3
{image} on the green line {quote} {image} you can see now it's out of its tl so 1 will it bounce 2 break lower to add !!
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on the 4 hour same green line you can see the body in much the same place
  • #481,551
  • Jun 18, 2019 1:47am Jun 18, 2019 1:47am
Quoting forex_dimi
{quote} I don't say market won't go up, but why long at 36? Take a look of the picture. With such market, longs should have been taken at 24, or later at 31. For your long the sl should have been at 25-24 (personally would prefer 18??) Apologize for the comment, just trying to give an another perspective. PS also read in the morning various analysis, they give points to look out and one of them was 38lvl {image}
No problem – Just some feedback as we all have different trading styles. Remember I’m only looking for 10 pips. Why would I have a stop loss of 18 Pips? This pair is whipsawing 10 pips in a 5 min range. My type of trading can not cope with this type of movement. By the way could you please tell me what your trade plan is, so I could pick up some tips?
Don't trade what you think. Just what you see!!!
  • #481,552
  • Jun 18, 2019 1:48am Jun 18, 2019 1:48am
Attached Image (click to enlarge)
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Quoting elbert3
{quote} {image} on the 4 hour same green line you can see the body in much the same place
5 mins now a bull candle and it looks like a pull back of it as of this time and the green line is the 4 hour candle body . Sorry I could go on but it's just to show how one should look at candle shapes . Time charts and so on . To try to understand the best trade one can come to .
  • #481,553
  • Jun 18, 2019 2:22am Jun 18, 2019 2:22am
Quoting blackjacker
Next long 1.2520 and BE will go back to 65-70 pips away which will be sorted out by Powell in a few days.
Triggered, now all I have to do is wait. TP 1.2890 and another long if it goes under 1.24.
  • #481,554
  • Jun 18, 2019 2:34am Jun 18, 2019 2:34am
I have a tl possible 2460 2440 area after that !!!!!!!?????? I still think unles Gu can change not following eu that it's eu pulling Gu down . 1.080 is a target for me I would say . But it's only my opinion and we trade what we are seeing at the time
  • #481,555
  • Jun 18, 2019 2:38am Jun 18, 2019 2:38am
Quoting Theoak
{quote} No problem – Just some feedback as we all have different trading styles. Remember I’m only looking for 10 pips. Why would I have a stop loss of 18 Pips? This pair is whipsawing 10 pips in a 5 min range. My type of trading can not cope with this type of movement. By the way could you please tell me what your trade plan is, so I could pick up some tips?
You are right, everyone has its own trading style and system. I saw your tp and imagined your sl would be the same or half (just to keep a good r/r ratio). On the other hand, the market would easily go at 30, 25, 20. My words had a meaning that when taking the position consider your sl (not just a number, but also where would it be in the graph). For example at 36 long the aggressive sl would have been below 30 (let us say 29-28). The moderate would have been at about 24 and the more "safe" 18. If those sl aren't good for your taste (meaning big sl) skip the trade and search a new one.
If your sl is just pips, then it would be probable been hit by the market.
The above doesn't imply to risk 18 for 10 pips, but if scalping be quicker (as mentioned 25 or 31 were good long entries
Again apologize if "insulting" by mistake your trading style (I am not familiar with that), since this is not my purpose.
  • #481,556
  • Jun 18, 2019 3:08am Jun 18, 2019 3:08am
Quoting R.y
{quote} {image}
............
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???
Seek knowledge and adorn it with patience and respect; moreover, be humble
  • #481,557
  • Jun 18, 2019 3:52am Jun 18, 2019 3:52am
I fancy a speculative long on this. Long 1.2227 tight stop
  • #481,558
  • Jun 18, 2019 3:57am Jun 18, 2019 3:57am
Quoting directxxx
I fancy a speculative long on this. Long 1.2227 tight stop
Have a Sell order at 2550
  • #481,559
  • Jun 18, 2019 4:00am Jun 18, 2019 4:00am
i see everywhere people talking about usd weaken ahead of fomc. the rate might be not change this week but the statement after that might be the trigger. the plan buying low as posible might be work this time. who knows. from here go to 1.24 or even 1.23 consider opportunity
  • #481,560
  • Jun 18, 2019 4:00am Jun 18, 2019 4:00am
Quoting LouiseZA
{quote} Have a Sell order there!
As I say.... speculative. I have a feeling we might see a decent bounce today. Just my crazy way of looking at things. People keep telling me not to pick my bottom..
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