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Cable Update (GBPUSD)

  • #294,121
  • Dec 6, 2011 10:17am Dec 6, 2011 10:17am
Quoting Boertjie
I hate days like today where nothing is going on. As this is my last week of trading for the year i just want it to end and the market is so dam boring. Cant we just get a quick move in a direction. Im hoping for down lol (i know one cannot hope in forex trading).

I live was a bit bussy since i have started posting on this thread. From next year i want to contribute more and try and help people impove their trading and there is always something new for me to learn as well. My trading i am always trying to stay with my kiss method keep it simple...

lose the emotion bro!! remeber u only need to enter when things line up..yur not addicted to trade, u trade because things line up and u want to make corn.

lose emotion mean u lose time dilation (time wont bother u)develop discipline and allow yur edge to do the talking market at the moment provides opportunity but to most its a time bomb..u decide when u want to enter and which market condition..u set the pace!!! there nothing to hate yur simply looking at info on a screen (its about u!!!!!!!!!!!!!!) f**k the rest

anyway my mark douglas rant is over now
  • #294,122
  • Dec 6, 2011 10:22am Dec 6, 2011 10:22am
Quoting Boertjie
I hate days like today where nothing is going on. As this is my last week of trading for the year i just want it to end and the market is so dam boring. Cant we just get a quick move in a direction. Im hoping for down lol (i know one cannot hope in forex trading).

I live was a bit bussy since i have started posting on this thread. From next year i want to contribute more and try and help people impove their trading and there is always something new for me to learn as well. My trading i am always trying to stay with my kiss method keep it simple...
Howzit,

Gmff , Bloubul.

Eish - geniet jou breuk en kom verfris terug.

Groetnis!
  • #294,123
  • Dec 6, 2011 10:26am Dec 6, 2011 10:26am
Quoting Flatfish
Cable still trading within NFP range, and it looks like it needs a headline to choose a direction. Not a lot of point in guessing as all pairs are pretty much going sideways. I still prefer to fade cable rallies playing for a break of the range lower, but would avoid shorting if this range breaks to the upside as plenty of stops will be lurking up there. No clues with eurgbp- that chart gives me a headache.Would sell at 1.57 area, but not crazy about buying here.
i have some view regarding eg mate, i think it's here
  • #294,124
  • Dec 6, 2011 10:29am Dec 6, 2011 10:29am
yessssssssss
broken 5595
90% of traders use TA, indicators and prediction
  • #294,125
  • Dec 6, 2011 10:31am Dec 6, 2011 10:31am
Quoting Boertjie
I hate days like today where nothing is going on. As this is my last week of trading for the year i just want it to end and the market is so dam boring. Cant we just get a quick move in a direction. Im hoping for down lol (i know one cannot hope in forex trading).

I live was a bit bussy since i have started posting on this thread. From next year i want to contribute more and try and help people impove their trading and there is always something new for me to learn as well. My trading i am always trying to stay with my kiss method keep it simple...
welcome to the life of traders mate..

when you feel bored, please do make postings regarding your views here, and i think that is why we are all here in this thread.

cable hit my SL again, right now my outstanding trade are eg, swissy and fiber.

anyway, green pips mate.
  • #294,126
  • Dec 6, 2011 10:31am Dec 6, 2011 10:31am
out half +50
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #294,127
  • Dec 6, 2011 10:33am Dec 6, 2011 10:33am
Quoting TauTrader
Howzit,

Gmff , Bloubul.

Eish - geniet jou breuk en kom verfris terug.

Groetnis!

yes this as well
  • #294,128
  • Dec 6, 2011 10:35am Dec 6, 2011 10:35am
Quoting _BBKing_
yessssssssss
broken 5595
yeah, good one mate,

let's see can 4h confirms the breakout.
  • #294,129
  • Dec 6, 2011 10:37am Dec 6, 2011 10:37am
ok out whole 5568.
enough for such an heart-breaker trade: i took an heart attack on the recent spike to 5640.



will reload more positions later / tomorrow
90% of traders use TA, indicators and prediction
  • #294,130
  • Dec 6, 2011 10:43am Dec 6, 2011 10:43am
Quoting TauTrader
Good day to you,

My shorter term has now turned flat from selling rallies. STARTED only. Daily is still dip buying status.

However - before I start looking at buying, I want a move lower than the current levels...maybe early 1.55xx or 1.54xx with the daily status still in place. So - waiting still and keeping short for now.

Regards
Good day to you,

All closed now. Stepping aside. Sell limits triggered during the rally yesterday.

Regards
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  • #294,131
  • Dec 6, 2011 10:45am Dec 6, 2011 10:45am
Quoting nAVIN2007
yes this as well
Good day,

Sorry - just teasing him about rugby support and wishing him a good rest..

Regards
  • #294,132
  • Dec 6, 2011 10:46am Dec 6, 2011 10:46am
Quoting _BBKing_
ok out whole 5568.
enough for such an heart-breaker trade: i took an heart attack on the recent spike to 5640.



will reload more positions later / tomorrow
good trade mate..
  • #294,133
  • Dec 6, 2011 10:47am Dec 6, 2011 10:47am
Quoting A-speculator
yeah, good one mate,

let's see can 4h confirms the breakout.
yes i now wait action if price goes again near 5590.
was maybe better for me to hold a small position but was in need to cover a loss (...)
in chart gray area shall be tested as supply today or tomorrow.

below actual price i have 5540-20 area should be strong demand inside.

time will tell.
i go for my coffee
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90% of traders use TA, indicators and prediction
  • #294,134
  • Dec 6, 2011 10:49am Dec 6, 2011 10:49am
Quoting A-speculator
good trade mate..
thanks
i would add.... i got a bit of luck
sometimes i need also it
90% of traders use TA, indicators and prediction
  • #294,135
  • Dec 6, 2011 10:52am Dec 6, 2011 10:52am
Quoting _BBKing_
yes i now wait action if price goes again near 5590.
was maybe better for me to hold a small position but was in need to cover a loss (...)
in chart gray area shall be tested as supply today or tomorrow.

below actual price i have 5540-20 area should be strong demand inside.

time will tell.
i go for my coffee
good one mate, cable did bite my butt..

eg right now is the most outstanding position i have, me too have to close 50% of eg position to cover for cable loss, anyway, i'm looking to long cable again on eg retracement, haven't decided yet tho..

fiber didn't seems to follow.. ermm..
  • #294,136
  • Dec 6, 2011 10:54am Dec 6, 2011 10:54am
gbpusd target fibonacci retracement 161.8...
  • #294,137
  • Dec 6, 2011 11:35am Dec 6, 2011 11:35am
cable till now not broke daily support @ 1.5559 this is the gate to 1.5489
  • #294,138
  • Dec 6, 2011 11:45am Dec 6, 2011 11:45am
consolidation in swissy on the 1h TF, seems like the high will be a temporary top, if this area hold, i think we will have rally in fiber and eventually cable, maybe tommorrow to test the resistance once again.

As for eg, we have yet to have retracement, maybe we will have consolidation at the current low before any move up. fiber also seems disagree with the downmove, perhaps the move is a shakeout.. time will tell.

oh, what a day..
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  • #294,139
  • Dec 6, 2011 12:01pm Dec 6, 2011 12:01pm
Good day,

One should not smash your head into the same wall over and over again - and each time expect a different result - just saying.

I wish you all a pleasant day

All the best
  • #294,140
  • Dec 6, 2011 12:11pm Dec 6, 2011 12:11pm
Quoting TauTrader
Good day,

One should not smash your head into the same wall over and over again - and each time expect a different result - just saying.

I wish you all a pleasant day

All the best
with enough banging the wall, i think at one time the wall will crack.. or maybe my head?

don't worry mate, i don't mind trading with no profit or some profit, i will try my best to avoid losses and by trading 4 pairs i think i manage to minimize the DD/losses.

green pips mate, always.
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