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Cable Update (GBPUSD)

  • #290,821
  • Oct 19, 2011 1:41am Oct 19, 2011 1:41am
Quoting iqyu5an


let see what's going on at and after L/O
and.... what about a short? its anyway resistance area here and already well proved
90% of traders use TA, indicators and prediction
  • #290,822
  • Oct 19, 2011 1:45am Oct 19, 2011 1:45am
I see that my PO for aussie and kiwi has been activated. This is based on low of the shooting star in 4h and daily channel.

Still no position on cable..
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  • #290,823
  • Oct 19, 2011 1:47am Oct 19, 2011 1:47am
m30 shows reaction at near 5770
scalped some pips shorting.

now its everything in london's hands
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90% of traders use TA, indicators and prediction
  • #290,824
  • Oct 19, 2011 1:48am Oct 19, 2011 1:48am
wait and see first where last 1H candle close.....below 50 fibo daily or above
Quoting _BBKing_
and.... what about a short? its anyway resistance area here and already well proved
not euphoria follower
  • #290,825
  • Oct 19, 2011 2:04am Oct 19, 2011 2:04am
Quoting _BBKing_
m30 shows reaction at near 5770
scalped some pips shorting.

now its everything in london's hands
Just trade based on your risk appetite mate, no one here knows exactly what your trading plan so just trade based on your understanding..

We can share your input together but definitely not how you intend on trading the waves. IMHO.
  • #290,826
  • Oct 19, 2011 2:08am Oct 19, 2011 2:08am
H4 at L/O

stay above yesterday open and the day before yesterday open.
ready to break cloud
atr +D > -D
stock : pointing UP

*** she is on runaway ( just maybe )

Quoting iqyu5an
wait and see first where last 1H candle close.....below 50 fibo daily or above
not euphoria follower
  • #290,827
  • Oct 19, 2011 2:10am Oct 19, 2011 2:10am
Quoting A-speculator
Just trade based on your risk appetite mate, no one here knows exactly what your trading plan so just trade based on your understanding..

We can share your input together but definitely not how you intend on trading the waves. IMHO.
Personally, for the time being, I don't feel like risking anything on cable.. that's just my risk tolerance maybe you're different from me.. what matters is the bottom line every end of the month, right mate?
  • #290,828
  • Oct 19, 2011 2:15am Oct 19, 2011 2:15am
Quoting A-speculator
Just trade based on your risk appetite mate, no one here knows exactly what your trading plan so just trade based on your understanding..

We can share your input together but definitely not how you intend on trading the waves. IMHO.
yes sure!
90% of traders use TA, indicators and prediction
  • #290,829
  • Oct 19, 2011 2:17am Oct 19, 2011 2:17am
hi all i'm holding my short position since yesterday @ 15730
any opinion bout it ? my target is @ 15480 and no stop . very2 small lot
Just Newbie Need Guidance From The Expert
  • #290,830
  • Oct 19, 2011 2:19am Oct 19, 2011 2:19am
Quoting A-speculator
Personally, for the time being, I don't feel like risking anything on cable.. that's just my risk tolerance maybe you're different from me.. what matters is the bottom line every end of the month, right mate?
oh, i dont risk everything on cable! surely it is my main pair, as i like its moves and its technical reading. anyway i also trade gbp aud some, eu some others... some few trades in gold (very few in a month)...

while writing im long gbp aud
but im my trading style i rarely hold a position more than 50 pips.
depends on action then....
90% of traders use TA, indicators and prediction
  • #290,831
  • Oct 19, 2011 2:23am Oct 19, 2011 2:23am
Quoting NoviceInd
hi all i'm holding my short position since yesterday @ 15730
any opinion bout it ? my target is @ 15480 and no stop . very2 small lot
hello long time no see around here
sincerely i had a short running near 5800
had target 5150
then moved to 5540
then closed yesterday near 5660.

im actually out excludin scalps i cant help you about that, could be wrong!
90% of traders use TA, indicators and prediction
  • #290,832
  • Edited 2:26am Oct 19, 2011 2:25am | Edited 2:26am
Quoting NoviceInd
hi all i'm holding my short position since yesterday @ 15730
any opinion bout it ? my target is @ 15480 and no stop . very2 small lot
Just my 2 cents..If it's a very2 small lot then just make it as a base to define trend ( if it minus 100 pips then possibly time to open Long with normal lot ,if it plus 100 pips maybe time to short ) ..don't hv to bother it'll win or loss since it won't damage your capital..
  • #290,833
  • Oct 19, 2011 2:26am Oct 19, 2011 2:26am
Quoting _BBKing_
oh, i dont risk everything on cable! surely it is my main pair, as i like its moves and its technical reading. anyway i also trade gbp aud some, eu some others... some few trades in gold (very few in a month)...

while writing im long gbp aud
but im my trading style i rarely hold a position more than 50 pips.
depends on action then....
i see.. so you more of a scalper than a swinger eh..

I used to be a scalper too, but I just cannot stand sitting on my desk watching the chart day in and day out. Anyway, everyone has their own style on trading the waves, right? My style might be different than yours..
  • #290,834
  • Oct 19, 2011 2:40am Oct 19, 2011 2:40am
Quoting A-speculator
i see.. so you more of a scalper than a swinger eh..

I used to be a scalper too, but I just cannot stand sitting on my desk watching the chart day in and day out. Anyway, everyone has their own style on trading the waves, right? My style might be different than yours..
yes for the moment more a scalper than a swinger.
i try to work about swings but still when i see profits i get them...
yesterday got long 5638 in GU
closed in good profits but as you can see i could have now much more!
90% of traders use TA, indicators and prediction
  • #290,835
  • Oct 19, 2011 2:41am Oct 19, 2011 2:41am
thx to all advice i planning to add more depend the news mpc rate statement
Just Newbie Need Guidance From The Expert
  • #290,836
  • Oct 19, 2011 2:42am Oct 19, 2011 2:42am
G/M

Price remains between last Friday/last week's Hi - 5851 and the 38.2% of the recent 5270-said 5851 swing up - which was yesterday's lo-5629, the recovery from there finding supply around the 76.4% of the 5819-said 5629 lo which was a 1hr swing down...A pullback off that 76.4% fib has found some demand at the 23.6% of the 5629 - 5777 move so far

Intraday looks mixed so far.

Uk Boe/Mpc minutes @ 0930 London.

G/L
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ex member
  • #290,837
  • Oct 19, 2011 2:49am Oct 19, 2011 2:49am
Quoting _BBKing_
yes for the moment more a scalper than a swinger.
i try to work about swings but still when i see profits i get them...
yesterday got long 5638 in GU
closed in good profits but as you can see i could have now much more!
You shouldn't feel like that mate.. as long as you're in black, than I think it's ok. Sometime we might miss some of the move, but that ok compared with in red, right? We cannot get tail to head, sometimes we get the tail and some time the head of the waves but not both, it's impossible..

Knowing when not too trade is also a skill that hold a significant importance in trading. IMHO.
  • #290,838
  • Oct 19, 2011 3:05am Oct 19, 2011 3:05am
Quoting A-speculator
You shouldn't feel like that mate.. as long as you're in black, than I think it's ok. Sometime we might miss some of the move, but that ok compared with in red, right? We cannot get tail to head, sometimes we get the tail and some time the head of the waves but not both, it's impossible..

Knowing when not too trade is also a skill that hold a significant importance in trading. IMHO.
so true!
well, i worked around 1year to define my entries.
now i get them correctly with a very closed stop loss (10-30 pips max)
im now working on swings! maybe in another year will get them both

then, until we are in profit most part of work is done well!
90% of traders use TA, indicators and prediction
  • #290,839
  • Oct 19, 2011 3:11am Oct 19, 2011 3:11am
Good morning everyone.......rubbing my eyes.....waking up slowly - taking a look at the Price Action from the past few hours..........hope everyone is well.
I don't trust any move - when you have profit...take it.
  • #290,840
  • Oct 19, 2011 3:15am Oct 19, 2011 3:15am
Price Action looks like a good area to short, however, news in 15 mins is keeping on the sideline......
I don't trust any move - when you have profit...take it.
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