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Cable Update (GBPUSD)

  • #97,921
  • Nov 13, 2008 5:55am Nov 13, 2008 5:55am
here's my view with 1H chart,

up again to the pivot @1.5066

actual hourly candle important
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  • #97,922
  • Nov 13, 2008 6:03am Nov 13, 2008 6:03am
Quoting Drake
here's my view with 1H chart,

up again to the pivot @1.5066

actual hourly candle important
i was think something like that but now 15 parabolic changed side.He is bearish.

But i still have 4900 as strong suport line. so i went long again at 4903.Small risk close to support line.Small SL
  • #97,923
  • Nov 13, 2008 6:06am Nov 13, 2008 6:06am
hope u guys noticed the resistance 1hr 62ema 15min around 14950, good area to sell as long as it held, spike in euro sterling helped it lower nicely....
Trading is 80% Emotional, 20% Technical
  • #97,924
  • Nov 13, 2008 6:08am Nov 13, 2008 6:08am
But drake i think it is time for us to go short as well my SL hit.
  • #97,925
  • Nov 13, 2008 6:09am Nov 13, 2008 6:09am
reversal off days 61.8%... lets hope so
  • #97,926
  • Nov 13, 2008 6:14am Nov 13, 2008 6:14am
i think its selling time again
  • #97,927
  • Nov 13, 2008 6:16am Nov 13, 2008 6:16am
Yeah,

when i cut an half i move stop at breakeven

but i lost the sh entry

grrrrrrrrrrrrrrrrr

now i wait
  • #97,928
  • Nov 13, 2008 6:17am Nov 13, 2008 6:17am
ive covered now awaiting sell in rally again....
Trading is 80% Emotional, 20% Technical
  • #97,929
  • Nov 13, 2008 6:21am Nov 13, 2008 6:21am
Quoting gammase1
No, all spread betting companies in the UK allow you to trade leverage. Another example, if you buy Barclays' shares at £10 per one pence move, your gross exposure is approx £1.6k, but all spread betting companies would require margin of 25% to be held against this. Therefore, you are getting multiple amounts of leverage.

Just out of interest, as you are not leveraged, how much money do you set aside when trading £1 a pip?
£1 per pip per £1500 in account, normally SL of around 50 pips
please DON'T copy my trades I am still learning
  • #97,930
  • Nov 13, 2008 6:26am Nov 13, 2008 6:26am
30min TF , an upmove from here would give us an inverted head and shoulders.
  • #97,931
  • Nov 13, 2008 6:27am Nov 13, 2008 6:27am
My short from 877 stopped at b/e; flat now with short entry below this tight range at 820.
  • #97,932
  • Nov 13, 2008 6:27am Nov 13, 2008 6:27am
Quoting Patrino
30min TF , an upmove from here would give us an inverted head and shoulders.
whats that in your picture a dinosaur???
When life gives you lemons, make lemonade
  • #97,933
  • Nov 13, 2008 6:30am Nov 13, 2008 6:30am
Quoting micho
whats that in your picture a dinosaur???

Its A Bull
  • #97,934
  • Nov 13, 2008 6:30am Nov 13, 2008 6:30am
4890 short

oh let see now.
  • #97,935
  • Nov 13, 2008 6:30am Nov 13, 2008 6:30am
Quoting ezmystic
£1 per pip per £1500 in account, normally SL of around 50 pips
Then you're trading with 10 times leverage, as your GBP exposure is roughly £15k
  • #97,936
  • Nov 13, 2008 6:32am Nov 13, 2008 6:32am
waiting for 1 red 5min candle then will look for a long.. again
  • #97,937
  • Nov 13, 2008 6:40am Nov 13, 2008 6:40am
wohoo lower lower lower
  • #97,938
  • Nov 13, 2008 6:43am Nov 13, 2008 6:43am
1.4830 support hurry up and break
  • #97,939
  • Nov 13, 2008 6:43am Nov 13, 2008 6:43am
nooo higher higher higher!
  • #97,940
  • Nov 13, 2008 6:44am Nov 13, 2008 6:44am
Quoting Patrino
nooo higher higher higher!
Hey go short then we can cheer the same team!! lol
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