Cable Update (GBPUSD)

Quoting Godspromise

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{quote} I have something to show you bro about the shitty currency ah trading but I'll wait maybe until Friday

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Quoting Zebi

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{quote} just a countertrend short cause dollar trying to bounce higher I'm gonna hold for about 3 hours and close it when I go to sleep

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Quoting Konichiwhaat

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{quote} The Euro, Pound, Yen, Canadian Dollar, Swedish Korner, and Swiss Franc make up the DX (dollar chart). The Australian dollar is not included

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Quoting Zebi

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{quote} so what...its still got to obey what the dollar does since its audUSD

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Quoting Konichiwhaat

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{quote} That is incorrect

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Quoting Bibin221

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What's the obsession with predicting where market will go by wanting to catch top or bottom? Why don't just go with the flow and take your sl if you're wrong. The big moves typically happen after a series of losing streaks, so you should embrace it, instead of trying to avoid the inevitable. I am long on UJ from 153.111, and my trailing sl already reached to breakeven, even if it hits my sl, it's ok. I would just look for another opportunity.

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Quoting Zebi

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{quote} its great that you recovered...all I said was maybe get better with major USD pairs first before messing with minor crosses like GA ...they're both shitty currencies cause they've been falling for decades...aud since 2012 and GBP since thatcher in the 80's LOL but I'm glad you made back your loss on that pair my last post was meant more for konichwat since he thinks aud doesn't have to bow down to the dollar since it isn't in the index LOL {quote} {quote} {quote} {quote} that's why I short those great aud cpi numbers yesterday because the...

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Quoting Godspromise

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{quote} I understand but there is a method to the madness these pairs are extra volatile and good pip movement in a couple of days i was able to turn a 100 into 1000 dollars in a couple of days because Gbp the us pairs have been very unstable this couple of months so that's why I avoid ATM anywhere were there is good volatility and and large amounts of pips am there

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Quoting vinesh1

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Just a note to the host. Small talk and a little chit chat is good but back amd forth blabbering is hogging up the thread imo. Rather stay with discussing currencies imo.

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Quoting vinesh1

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Just a note to the host. Small talk and a little chit chat is good but back amd forth blabbering is hogging up the thread imo. Rather stay with discussing currencies imo.

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Quoting Yngwie

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Short 1.2440 let see

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Quoting Yngwie

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{quote} boring, closed 10p

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Quoting HaLBot

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{quote} Quicksilver was the guy who started this thread but his last post was November 2nd 2011 so this thread has no host but feel free to post charts analysis etc, the more people post the better

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Quoting vinesh1

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Just a note to the host. Small talk and a little chit chat is good but back amd forth blabbering is hogging up the thread imo. Rather stay with discussing currencies imo.

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Quoting Elysion

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{quote} Back to long? 1.243 has been holding for the past couple of hours.

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Quoting Zebi

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{quote} volatility means you can also lose your money quicker than you can make it I try to take trades that have higher probability of success instead of a higher chance of more pips my audusd short was almost a sure thing in the face of those aud cpi numbers last night because the dollar chart was bouncing from support so even tho I would have made fewer pips on the trade had I held overnight I could have slept better knowing there was no chance id lose on my shorts so even drunk I made more sense than konichiwat last night...

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Quoting Elysion

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{quote} I think he's no longer on Earth... So sadly yeah no one's moderating this thread.

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Quoting vinesh1

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Just a note to the host. Small talk and a little chit chat is good but back amd forth blabbering is hogging up the thread imo. Rather stay with discussing currencies imo.

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Quoting Zebi

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{quote} this is the hourly dollar chart and what I watch to trade GU do you think the dollar gona hit my black line first before it falls under the lows? I'm gonna short GU if this hourly candle closes green {image}

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