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Cable Update (GBPUSD)

  • #504,641
  • Nov 27, 2019 2:50pm Nov 27, 2019 2:50pm
Quoting montygoldy
{quote} Last 3 days profit gone
The way of the grinder.

That path requires a lot of resolve and mental fortitude, but high risk = high reward.

Nice run Monty
  • #504,642
  • Nov 27, 2019 2:54pm Nov 27, 2019 2:54pm
no direction
pattern red ,white
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPY-Weekly.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #504,643
  • Nov 27, 2019 2:57pm Nov 27, 2019 2:57pm
Quoting Bones
I'm studying it, since I don't mind taking larger positions every now and then, its ideal for someone like you also, the cost of the option is the margin, in the Uk, margin can be a problem.No stop, there's a max loss inbuilt. Spikes/volatility won't take you out. Also, you can do a daily or monthly option, you can close anytime. I searched FF but there are no threads on it. {quote}
Will surely look into in.....thanks for your valuable advice... highly appreciated...
Extreme gut feeling trader
  • #504,644
  • Nov 27, 2019 3:00pm Nov 27, 2019 3:00pm
Quoting stillbroke10
{quote} Here I am, almost hit my MC, will lose one of the two accounts i have if it happens and im fu*ked up. How do you handle such losses man?
not the first time....... i make big and i lose big.... my emotions have all sorts of experience.....plus always remember trading money should be extra g's you have to burn.....
Extreme gut feeling trader
  • #504,645
  • Nov 27, 2019 3:02pm Nov 27, 2019 3:02pm
Quoting Ra.
{quote} The way of the grinder. That path requires a lot of resolve and mental fortitude, but high risk = high reward. Nice run Monty
My motto --- i dont want to be a millionaire when i am old .... i want big money right it now. at this moment..... either i make it or i'll die trying.............
Extreme gut feeling trader
  • #504,646
  • Nov 27, 2019 3:02pm Nov 27, 2019 3:02pm
lucky im changing to buy when TL is break
never ever let ur ego take control !
  • #504,647
  • Nov 27, 2019 4:43pm Nov 27, 2019 4:43pm
Looks like a good time to buy EG at 8500.
Everyone can see the chart, but only a few can actually read it.
  • #504,648
  • Nov 27, 2019 5:42pm Nov 27, 2019 5:42pm
I was mentioning earlier... lots of sell callers in this thread.

Better to be off from this thread when trading.

I had some shorts between 2900 to 2915. and 2870 to 2890. Good lot size.

Into floating loss now.

But due to available margin, I sold high between 2945 to 2950 some huge lots to cover. tight stop at 2958.

Hopefully will close all in nice profit.
Intraday only.
  • #504,649
  • Nov 27, 2019 5:47pm Nov 27, 2019 5:47pm
Quoting stillbroke10
{quote} Hey, what indicators do you use?
I use 21,34,55, 89,120,144,288 EMA.
Intraday only.
  • #504,650
  • Nov 27, 2019 5:52pm Nov 27, 2019 5:52pm
Quoting Unbiased
GBP/USD analysis | Nov 27, 2019 The video (we made on TradingView) explains two different scenarios, one for buy and another for sell. Watch entire video to find out entry, SL & TP points and also to find when to set SL to BE. Feel free to comment if you want elaboration on something. https://www.youtube.com/watch?v=V8FldJlQuTk
Moved SL to BE as per instruction for the buy scenario explained in the video.
  • #504,651
  • Nov 27, 2019 6:05pm Nov 27, 2019 6:05pm
Quoting montygoldy
{quote} Just now checked my acc after the meeting at work and Adios People margin call hit on my all pound sells..... lost -22k................
Very disappointing for you but you have given great value to others in providing a great example of holding on to a losing trade.

Remember all that when trading like this you have to win all the battles whereas the market only has to win one.

I have seen this so many times happen to people they just don't seem to get it.

Thanks for sharing montygoldy.
  • #504,652
  • Nov 27, 2019 6:34pm Nov 27, 2019 6:34pm
Quoting OnlineAddict
Looks like a good time to buy EG at 8500.
A good chance to give it a try based on a daily chart. could see 0.879 in the next 2 weeks
Bought at 0.85023 no Sl, tp open
Attached Image (click to enlarge)
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  • #504,653
  • Nov 27, 2019 6:39pm Nov 27, 2019 6:39pm
Quoting Bones
you could have held a weekly naked option for a max loss 2k at £40 per pip short and still been in right now. end of the week would be -2 k at any number above the strike, with very high leverage. {quote} {image}
Come on Bones you know there is no such thing as 'Could Have'!!!!!!!!!!
  • #504,654
  • Nov 27, 2019 6:41pm Nov 27, 2019 6:41pm
Quoting navk
I was mentioning earlier... lots of sell callers in this thread. Better to be off from this thread when trading. I had some shorts between 2900 to 2915. and 2870 to 2890. Good lot size. Into floating loss now. But due to available margin, I sold high between 2945 to 2950 some huge lots to cover. tight stop at 2958. Hopefully will close all in nice profit.
Best thing I have seen written here in a long time.

Make it trading rule Number One.
  • #504,655
  • Nov 27, 2019 6:44pm Nov 27, 2019 6:44pm
Quoting navk
I was mentioning earlier... lots of sell callers in this thread. Better to be off from this thread when trading. I had some shorts between 2900 to 2915. and 2870 to 2890. Good lot size. Into floating loss now. But due to available margin, I sold high between 2945 to 2950 some huge lots to cover. tight stop at 2958. Hopefully will close all in nice profit.
I have still shorts opened between 2870 and 2890.

However all other shorts including heavy shorts opened between 2945 and 2950 closed for now.

HAPPY.

Attached Image (click to enlarge)
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Intraday only.
  • #504,656
  • Nov 27, 2019 6:45pm Nov 27, 2019 6:45pm
Quoting navk
I was mentioning earlier... lots of sell callers in this thread. Better to be off from this thread when trading. I had some shorts between 2900 to 2915. and 2870 to 2890. Good lot size. Into floating loss now. But due to available margin, I sold high between 2945 to 2950 some huge lots to cover. tight stop at 2958. Hopefully will close all in nice profit.
So until where you expect the reversal to end? I am a new trader but got perplexed by the Yogov report. Also short just below 2900, on purpose did not set stop loss (which backfired more than expected), and have got back some of my losses by shorting at 2950 as yourself navk.

The general content of the report was leaked earlier in the evening, hence first spike. But i can only assume/guess the large institutional players already had the detailed content of the report in the afternoon at latest british time, hence buy action in the afternoon. So this nights action triggered by the retails? But in general, the report did not say anything really new, the Labour are behind, as has the earlier polls said by a margin. Based on that, is there to be expect a drop again below 2900 and towards 2800 where we were headed on the morning of Wednesday london session?

i realise this is a maybe “strange” question, but already now we have more than 25 points loss in less than two hours.
  • #504,657
  • Nov 27, 2019 6:48pm Nov 27, 2019 6:48pm
Quoting Nala66
{quote} Best thing I have seen written here in a long time. Make it trading rule Number One.
very often the thread confuses me.

Example is NY session and London session today.

At 2860, one trader wrote, he used full margin to short... and through out short calls today in a rising day candle.

hmm...
Intraday only.
  • #504,658
  • Nov 27, 2019 6:52pm Nov 27, 2019 6:52pm
stupid fake shit ass mofo "gbp",. one more whiskie for me
  • #504,659
  • Nov 27, 2019 6:56pm Nov 27, 2019 6:56pm
Quoting navk
I was mentioning earlier... lots of sell callers in this thread. Better to be off from this thread when trading. I had some shorts between 2900 to 2915. and 2870 to 2890. Good lot size. Into floating loss now. But due to available margin, I sold high between 2945 to 2950 some huge lots to cover. tight stop at 2958. Hopefully will close all in nice profit.

everyone trades have own view n opinion bud
easy things is just sticks to what from our view show
about caller that normal at public forum..
when price up so lots will call for buying..
when price down so will call for selling..
just for a cup of coffee...
  • #504,660
  • Nov 27, 2019 6:57pm Nov 27, 2019 6:57pm
Quoting krst8
{quote} So until where you expect the reversal to end? I am a new trader but got perplexed by the Yogov report. Also short just below 2900, on purpose did not set stop loss (which backfired more than expected), and have got back some of my losses by shorting at 2950 as yourself navk. The general content of the report was leaked earlier in the evening, hence first spike. But i can only assume/guess the large institutional players already had the detailed content of the report in the afternoon at latest british time, hence buy action in the afternoon....
the best way is to follow the flow of current day with some pivot poits to see reaction.

see the reaction at 2950 daily S1
Attached Image (click to enlarge)
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Intraday only.
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