Cable Update (GBPUSD)

HI,
If you are long where is your target? Entry point...
LT

Hi Tino,

Could you tell me what does it mean +10 according to your previous post (SL for all is +10 ATM)

Thank you,
LT

I have resistance in that area too. Hard to predict NFP.... many scenarios can happen, kick up smashed back down, smash up, smash down or kick down than smash up.

Who knows??? however for now staying with the days bias which is down.

Looking at the chart I see the the price has retraced to yesterdays low which I'm assuming will now act as resistance and might push the price down...anyone agree?

EDIT...so with the s&r, the daily down direction an an identifiable retrace I think down it will go

yes ....

That's if the s&r holds

bro i added too but its nt working it is encoded with name..so what is next??

Salam

Ub

It means breakeven +10 my SL on my shorts was + 300 I have closed everything now as I do not like to have anything running when NFP is announced I will look at the charts about 1 hour after the announcement and then decide on new positions

How u doing today bro? hang'n tight with NFP

I do not have set targets I decide when to get out based on the candles on shorts if I keep getting lower lows then I stay in obviously higher highs for the longs sometimes I set a trailing stop there are times that I will target the weekly high or low. support and resistance levels are also good targets

the long trade was closed at 1.6376 entry was at 1.6328

hi bro....

I saw this hours ago ..... any idea ? but i need confirmation where running 4H candle close before to get long ....

I'm still hang'n short..... cable is affected by EUR volatility, however no major break as price is hang'n around resistance level.

Like i said NFP is a hit and miss.

hi ubidahsan,

try one of these. they work in my mt4. no name encoding.

bro waiting for datas and then go long or short but your advice will be apprecitaed

Ub

anyone shorting from 1.6400

I drop my 2 cents whenever i can buddy but tonight, my guess is just as good as yours. I'm punting to the downside, thats cos I'm sitting on short since 1.6489 and its at BE now. Notice I use the word punt......

thanks Bro

but can you explain something about it how can i use it??i added in chart but what is next???

Ub

The signal for short now at 1.6410 but I doubt on 4H before the news confirmation

CFTC & National Freaking A-holes at it again.

Morning folks,

I don't want to re-open this for hashing out as I've read the last 50 posts or so and am sure you're all sick of it already.

But this really sucks for a new trader (me) who has just completed building a style over the past YEAR that both works and is profitable. With the anti hedging rules already in place (which I'm fine with because being a new trader I don't have the skills to hedge properly anyway) nor do I see it as a recommend path of action, This NEW rule effectively forces hedging by making you place opposing orders on the same pair.

I guess my broker will once again have to modify the MT4 platform and I'll have to reinstall it because as of right now, I can't even place an opposing order due to the no hedging rule.

I'm really getting SICK of our governments power grab here in the US and this is just another example of it. While I can appreciate the "stated claim" smoke screen of the NFA to "protect" us traders, I DON'T NEED OR WANT them too. I do that just fine for myself thank you. Like our government that should ONLY be in charge of protecting us from attacks and NOT controlling every aspect of our lives (Yes, they do now), the NFA should ONLY be in charge of seeing that brokers don't rip us off by any underhanded means. NOT controlling how we trade!!!

Like the government's calculated effort to force our business's money offshore, this follows suit as I will now have to go to an offshore broker to implement my trading style I've worked my BUTT off for a year to build. I suppose this is no big deal for those traders who are simply "building a nest egg" but my very monthly survival depends on trading which is why I turned to it after becoming disabled.

Sorry for the rant folks but when will we WAKE UP and stop this insanity?? And before I get flamed with things like "well, tell your Representatives or vote the other way". I've been writing letters and emails for YEARS to the House, Senate, White House and every congressman and senator we have that simply, and ALWAYS, get ignored. And a vote for either side is simply the same vote. Different claims, same agenda.

Again, sorry (well, sort of sorry) for the long rant.

Oh yeah LOL, short 6392.... With STOPS in place (while I still can)

my best guess is
blue arrow best place enter/exit position
yellow next best
green next best
red... maybe early retracement exit?