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Cable Update (GBPUSD)

  • #497,801
  • Oct 14, 2019 5:39am Oct 14, 2019 5:39am
Quoting PatienceFx
thankfully my short has a belt and i will continue with it
Agree..
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  • #497,802
  • Oct 14, 2019 5:49am Oct 14, 2019 5:49am
Lets fly GU grrrrrr
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  • #497,803
  • Oct 14, 2019 5:54am Oct 14, 2019 5:54am
Quoting SCopier
Lets fly GU grrrrrr {image}

No stops and trading against an intraday trend ... do you also like to play Russian roulette ? 😂
Blogging daily now at www.volume.zone
  • #497,804
  • Oct 14, 2019 5:56am Oct 14, 2019 5:56am
Quoting malcolmb14
{quote} No stops and trading against an intraday trend ... do you also like to play Russian roulette ? 😂

Does this 60 look like a trend reversal is coming today for buyers ?

Not yet

I think I get my test of 1.2500
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Blogging daily now at www.volume.zone
  • #497,805
  • Oct 14, 2019 5:59am Oct 14, 2019 5:59am
Quoting malcolmb14
{quote} No stops and trading against an intraday trend ... do you also like to play Russian roulette ?
I am trading by fibo level lets see and wait if candle touch lvl 38.2 that is my SL
  • #497,806
  • Oct 14, 2019 5:59am Oct 14, 2019 5:59am
Quoting asgcorp
a bit early to call it still (more H4 candles required), but likely a bear trap in progress. Bulls still have a valid target @ 2800 later this week.
that is why 1.2515 is a valid exit for shorts

i am +55 on my short currently
  • #497,807
  • Oct 14, 2019 6:08am Oct 14, 2019 6:08am
Quoting PatienceFx
{quote} that is why 1.2515 is a valid exit for shorts i am +55 on my short currently
nariyal ka ped tutega ; the coconut tree will break
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  • #497,808
  • Oct 14, 2019 6:11am Oct 14, 2019 6:11am
Apparently 25428 breaks and if so open door for 2508 /2469/2404 play next but should bounce towards top or if any gap fill to test those levels, better go top to short if today.if do scalping long the price above 2580 and stay for 2667.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #497,809
  • Oct 14, 2019 6:12am Oct 14, 2019 6:12am
Quoting PatienceFx
{quote} nariyal ka ped tutega ; the coconut tree will break {image}
toote to behtar hai
  • #497,810
  • Oct 14, 2019 6:13am Oct 14, 2019 6:13am
Quoting Tekin
Is 1.2560 a supoort or not leys try with 1.2536 stop {quote} otherwise 1.2408 on hand

its a weak support or a good resistance
  • #497,811
  • Edited 7:04am Oct 14, 2019 6:18am | Edited 7:04am
I will stick to my older strategy. Buy the Dips...so reduce your leverage, and expand your time frame, and avoid scalping on Cable at the moment if you love your money... Only engage in buying the dips incrementally. My Time Frame for this strategy is 1-2 months. And I will mix Physical Currency, as well Digital, and Derivative CFD/Spot its a portfolio of asset class under GBP as the denominator... I mean real business here...only virtual price trading will not work if you are talking about large sum of capital...Its the game of whole inventory value rather than spot trading ...

This strategy is created to avoid large draw downs because of margin trading. Margin trading just like Casino Gambling, cause large draw down that leads to chasing losses, creating panics, and lead to inefficient trading. To avoid large draw downs, you must mix Physical Currency with margin trading, with less leverage ratio...

My strategy is to start with physical inventory build up on GBP initially, untill I see a large draw down in terms of depreciation, then I add spot position at a later stage, to mimimize the draw downs on the spot positions. So, once the rebound take place, the whole inventory value substantially rise, and you make a lot of money....

This is the strategy adopted by dealing rooms in the Central Banks...why not become a Central Bank in order to beat the market.
  • #497,812
  • Oct 14, 2019 6:22am Oct 14, 2019 6:22am
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  • #497,813
  • Oct 14, 2019 6:29am Oct 14, 2019 6:29am
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  • #497,814
  • Oct 14, 2019 6:33am Oct 14, 2019 6:33am
Quoting PatienceFx
{image}
trump the trade war monger
Blogging daily now at www.volume.zone
  • #497,815
  • Oct 14, 2019 6:38am Oct 14, 2019 6:38am
Quoting malcolmb14
{quote} average entry 1,2525 .. noted .. i hope it plays out for you ... means you started selling at 450 and adding all the way up to 700 .. yikes If the news on the weekend was really taken as bearish ... or the next cycle down started wouldn't they have moved gbpusd down 250 today under low volume conditions ? Just a questions. What I know is that the move below 560 at the moment is not an easy one and then there is major daily support at 500 . Once /if we get to 500 then we see how price reacts. I got my 40 pip target today in both gbpusd and...
most traders will read this and say that's crap he made only 5 percent on account per trade I make 40 percent per trade 😂

What goes up fast also had ro blow up fast 😂

10 percent a day $50 grows to $700 k in about 120 trades by compounding
Blogging daily now at www.volume.zone
  • #497,816
  • Oct 14, 2019 6:39am Oct 14, 2019 6:39am
Closed my long with -
  • #497,817
  • Oct 14, 2019 6:53am Oct 14, 2019 6:53am
Quoting PatienceFx
cable short taken with target 1.2515 sl just above week open {image}
+61 after 7 hours

god i feel sleepy now lol
  • #497,818
  • Oct 14, 2019 6:59am Oct 14, 2019 6:59am
Quoting Novice321
{quote} toote to behtar hai
gone with the wind
  • #497,819
  • Oct 14, 2019 7:03am Oct 14, 2019 7:03am
2510 should give a decent support for a bounce back to 2585 beforecable decides next move
  • #497,820
  • Oct 14, 2019 7:04am Oct 14, 2019 7:04am
Quoting PatienceFx
{quote} gone with the wind
Just Hit 2520 already. Its been 6 hours.
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