In that previous 4hr/daily swing hi running up to 6093, and above the current trend hi (previous 1hr/4hr swing hi zone) is the 76.4% of the main 6297-5343 4hr/daily/weekly swing @ 6072.
G/L
G/L
ex member
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedFirst problem is overleverage.
Might have the right direction, but stopped out before the real action begin.
Reading the EURUSD thread on this forum, FXstreet etc.
a tipical trade for me today would have been to go long about 1.6040 when people start selling etc.
trading when there is no real trend, just to take trade.
Sort of gambling problem, always need to have a active trade going.
I think today is the first day I have not taken any trades.
So to summarize:
Just bade despo trading to win back what I lost.
I dont think I am the only one...Ignored
DislikedI reckon if i was advising noobs now i would suggest an indicator-free simple London breakout strategy. Break high - go long. Break low, go short. Use Bobokus/Simone fibs on daily-high low swing for targets and support/resistance.
Works well most of the time for 20-50 pips on GU and EU around the UK open and very easy to get your head around!Ignored
DislikedG/M,
Cable finds support overnight in the previous 1hr/4hr swing hi zone (previous resistance) confluence with 38.2% 5716-6059 1hr swing, (yesterday's hi.) The pullback lo there has seen a further run up to 6036 where any further upside progress has been curtailed for now by supply.
Uk Employment data @ 0930am gmt...Ignored
DislikedHi bbmac,
Nice analysis. Isn't is Unemployment data which I read @ FF cal?
Last release was negative.
Do you have any hint regarding unemployment there during last month, you're from UK aren't you?
I'm holding long since 5947.
Thank you.Ignored
DislikedHi, no advance clues here re un-emp claimant count / un-emp rate unfortunately. G/L with trade.Ignored
DislikedGot spiked out at BE but no problem. The higher it goes the better discount on the short next time. Will be annoying if it drops from here. Lets see what happens.Ignored
DislikedSame here, that was quite a spike, very sudden, thankfully no slip here at B/E.Ignored
DislikedSometimes I think to myself that my SL's are put to BE to quickly (making my broker happy etc etc) but that doesn't matter to me whatsoever. The most important thing is to protect my account as much as possible and keep on banking my pips on O/B or O/S conditions. Works quite well so will carry on doing it that way.Ignored
DislikedSometimes I think to myself that my SL's are put to BE to quickly (making my broker happy etc etc) but that doesn't matter to me whatsoever. The most important thing is to protect my account as much as possible and keep on banking my pips on O/B or O/S conditions. Works quite well so will carry on doing it that way.Ignored