Cable Update (GBPUSD)
Just got in from work and
My best buy had a TP of 9950 , attached is my plan and the buys I have left.
welldone bro ...u deserve it .....great charts as always
Hey Nav hows your day been did you see that pin at the top on the 15
Trying to feel the bottom on some high quality US shares but there isnt one - looking at cable but the world is blowing up with shares falling and oil going to 200 and israeli jets flying nukes over iraq ready to torch the world
I should be buying cans of food and not forex trading
same here buddy
missed the move bro ..actually i sell @1.9905 and 1.9822
flipping us news came out better than expected and i went to sell because dollar supposed to gain strength ..tricked ...
but only good thing is i went in at 0.2 lots otherwise would be in big trouble..
im up this week £100 so i stoped the loss but i have this trade which is ok i think
missed the move bro ..actually i sell @1.9905 and 1.9822
flipping us news came out better than expected and i went to sell because dollar supposed to gain strength ..tricked ...
but only good thing is i went in at 0.2 lots otherwise would be in big trouble..
im up this week £100 so i stoped the loss but i have this trade which is ok i think
Thats excellent news Nav profit = excellent work in the current conditions.
When I think back to when I was trading in my first year,I'm still paying for them mistakes now.
Don't worry about the move mate there will be others.
With a short right now you are trading against the momentum and will probably need to hold over the weekend which is risky im still not up to speed to what caused it .
I would imagine consolidation is the name of the game till Sunday.
All the best Nav my friend.
But still I am happy that I closed all my mini accounts and in between I was scalped about 96 pips but you know I had done dangerous trade in all of my accounts. I didn't put a SL at all and because of that one of my mini accounts were liquadated with $530 and because of my other trades closed I trimmed my losses up to 50%and when my last trade would be closed then it would be +10%.Consistency is the main thing in trading bros......
I had 5 long positions since July 3rd and then I added one more long position on last Monday and today all of my trades were closed successfully except my one Standard Trade which I was ONLY shot of 2 pips, I put a limit at 1.9959 and the market went up to 1.9957
I know it would be my mistake but I was confident that it would go back to 2.000 area with the help of all technicals and fundamentals and I keep monitoring since July 3rd. But I know this is not a good strategy. First I was thinking to put a large SL but then I didn't put any SL at all and that is why I paid the price of $530 in one of my mini accounts and my other three accounts I funded the amount as I refunded back most of them today.
I am just happy that those trades are over and I only have one trade left which I was very shocked this morning that my limit was only 2 pips shot of my target 1.9959 but I know with the current market situation it would pick up back up to 2.000+ because this morning Asia was off so Sunday Evening Asia would take the revenge of today's DJIA sell off at least 242 points so I left my limit what it is and next week UK inflation number and CPI number might be good so it could take the pair up to 2.02 level (it might be possible)........
Hourly overbought. Got out with my 140pips profit.
Staying on the sideline and will look for good short position if my signal agrees.
Since I closed my long at 1.9943 it dropped almost 100pips and now at 1.9859.
Could get another 100pips from that shorting
Since I closed my long at 1.9943 it dropped almost 100pips and now at 1.9859.
Could get another 100pips from that shorting
