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Cable Update (GBPUSD)

  • #305,901
  • Apr 3, 2012 3:46am Apr 3, 2012 3:46am
Quoting kuroro001
1,593x is an area that has to be challenged.
I'll start adding shorts once we reach new high

ps : i've taken a small short 1,6030....but i hope we'll reach new high so i can add bigger ones.
Hi kuroro! Long time no see.
Gone to a better place
  • #305,902
  • Apr 3, 2012 3:48am Apr 3, 2012 3:48am
Quoting nAVIN2007
im guessing from what i see in here majority of traders enter position and take 10- 30 pips and exit

very few seem to get more than 40+ plus?

would u say this is a fair assessment..?
yeah they exit with 10-30 pips profit and exit with 20 - 150 pips loss
  • #305,903
  • Apr 3, 2012 3:49am Apr 3, 2012 3:49am
Quoting nAVIN2007
im guessing from what i see in here majority of traders enter position and take 10- 30 pips and exit

very few seem to get more than 40+ plus?

would u say this is a fair assessment..?

Ah fak....you got me.

I target 15 to 30 pips for me trades......

Dam.....only made 4 Grand the past few trading sessions.

nAVIN - it does not matter - we are all different traders. You may look for 800 pips on 2 lots and someone else may look for 20 pips on 20 lots.

I like to find a pay day everyday so I can grown my account and also withdraw some funds as this is how I keep the family fed and the mortgage paid.

I don't judge how many pips people achieve or how much money the earn....it is a matter of.......are you happy. are you profitable?......

Please don't take offense to my comments......

Faller.
I don't trust any move - when you have profit...take it.
  • #305,904
  • Apr 3, 2012 3:52am Apr 3, 2012 3:52am
Quoting nAVIN2007
why?
Swings (or elliot waves like some of you like to call it^^), that's the way it works i've noticed....but i might be wrong so i'll cut it when i wrong

EDIT : And if goes to 1,593x before new high i'll take a long there for new highs accordingly to the right PA
COT: The precious data ignored
  • #305,905
  • Apr 3, 2012 3:53am Apr 3, 2012 3:53am
Quoting smikester
Hi kuroro! Long time no see.
hey mate!

indeed long time no see. Hope you are good.
I'm more in the eurusd thread...but sometimes i like trading gbpus
COT: The precious data ignored
  • #305,906
  • Apr 3, 2012 3:59am Apr 3, 2012 3:59am
Quoting Faller
Ah fak....you got me.

I target 15 to 30 pips for me trades......

Dam.....only made 4 Grand the past few trading sessions.

nAVIN - it does not matter - we are all different traders. You may look for 800 pips on 2 lots and someone else may look for 20 pips on 20 lots.

I like to find a pay day everyday so I can grown my account and also withdraw some funds as this is how I keep the family fed and the mortgage paid.

I don't judge how many pips people achieve or how much money the earn....it is a matter of.......are you happy. are you profitable?.........
i am agree with faller, as scalper and daily trader 10-50 points is my daily goal, sometime working sometime not, i know the longer the period of trade you play, it will minimize your risk....but i want something more chalanging, watching the chart and do nothing is boring for me, profit and loss come and go, it's normal, it's part of bussiness right? It also about lot, playing 1, 0.1 or 0.01 is will affecting to your pips target.
After good news of PMI construction, wave made already, but why still not giving positif impact for cable for bullish, somebody maybe want to explain about it?
  • #305,907
  • Apr 3, 2012 4:00am Apr 3, 2012 4:00am
Quoting nAVIN2007
do u know why it is called a Pinocchio bar?

the wick is supposed to be a the nose, and like in the story of Pinocchio the nose growing is a lie
price would go in the opposite direction........now looking at the chart which side is the nose on?? which side is the lie.

hopefully this information given will show u, why it isnt a Pinocchio bar..
if u dont get it..let meh know ..i shall try again
Got it bro! absolutely not the pinocchio bar/pin bar.
  • #305,908
  • Edited 4:28am Apr 3, 2012 4:03am | Edited 4:28am
Current daily Lo at the 50sma on 1hr, below here:

6000-5990 prev minor 4hr/1hr sw lo zone incl 6000=23.6% 5769-6061, 5993 = 23.6% 5800-6061, and 5990 = 85.4% 5997-6061
5987 76.4% 5858-6061
5984 38.2% 5858-6061
5982-78 prev 4hr/1hr sw lo zone incl 2 x fibs and 5980 = Daily S1 @/around
5997 38.2% 5841-6061
5971-64 prev 4hr/1hr sw lo zone
5960/61 2 x fibs
5962-59 prev 4hr/1hr sw hi zone (non-immed) incl 5960 = 50% 5858-6061
5953 23.6% 5601-6061
5951/5949 2 x fibs
5948 Weekly Pivot @/around
5937 Daily S2 @/around
5936 61.8% 5858-6061
5932-24 prev 1hr sw hi zone incl 5930 50% 5800-6061, and 5925 = 61.8% 5841-6061
5920-10 ascending hr t/line coming thru on this present 1hr candle
5917-07 prev 4hr minor sw hi zone incl 5915 = 50% 5634-6061
5906 76.4% 5858-6061
[ 5900-5895 ascvending 4hr trend line on this present 1hr candle
[ 5899/98 2 x fibs
[ 5897 Daily S3 @/around
5893 76.4% 5841-6061
5888 85.4% 5858-6061
5886 38.2% 5601-6061
5882/81 Monthly Pivot @/around / 61.8% 5769-6061
5873-68-58 prev 4hr/1hr sw lo zone incl 5861 = 76.4% 5800-6061 and Weekly S1 @/around
5855-47-41 prev minor Daily/ 4hr/1hr sw lo zone incl 5848 = 50% 5634-6061

G/L
ex member
  • #305,909
  • Apr 3, 2012 4:10am Apr 3, 2012 4:10am
the first 48 ( it's about to be a murda )
  • #305,910
  • Apr 3, 2012 4:22am Apr 3, 2012 4:22am
Quoting PoundTrader
could it be we got the same broker say it ain't so
Not unless Go Markets have changed their stance on accepting US clients bro. They have improved but never felt safe trading anything but cable with them. I have had price spikes of over 100 pips that are not on other platforms on the NZUSD pair when I traded it, only to see the spikes gone the next day. They are/were thieves.
Come with me if you want to live....
  • #305,911
  • Apr 3, 2012 4:23am Apr 3, 2012 4:23am
Quoting PoundTrader
the first 48 ( it's about to be a murda )
48?
Come with me if you want to live....
  • #305,912
  • Apr 3, 2012 4:30am Apr 3, 2012 4:30am
Quoting Ill-b-back
48?
reverse?
  • #305,913
  • Apr 3, 2012 4:35am Apr 3, 2012 4:35am
Quoting A-speculator
that's the difference.. you enter on limit, he enters on stop order..
From what I understand, Smike uses stop orders for most of his trades
Come with me if you want to live....
  • #305,914
  • Apr 3, 2012 4:36am Apr 3, 2012 4:36am
Quoting Ill-b-back
Not unless Go Markets have changed their stance on accepting US clients bro. They have improved but never felt safe trading anything but cable with them. I have had price spikes of over 100 pips that are not on other platforms on the NZUSD pair when I traded it, only to see the spikes gone the next day. They are/were thieves.
and your still with them JK
  • #305,915
  • Apr 3, 2012 4:38am Apr 3, 2012 4:38am
Quoting Ill-b-back
From what I understand, Smike uses stop orders for most of his trades
I also do the same, this way i can catch the trend either way.
  • #305,916
  • Apr 3, 2012 4:41am Apr 3, 2012 4:41am
market will stay idle till FOMC Meeting Minutes,
  • #305,917
  • Apr 3, 2012 4:41am Apr 3, 2012 4:41am
Quoting Faller
Ah fak....you got me.

I target 15 to 30 pips for me trades......

Dam.....only made 4 Grand the past few trading sessions.

nAVIN - it does not matter - we are all different traders. You may look for 800 pips on 2 lots and someone else may look for 20 pips on 20 lots.

I like to find a pay day everyday so I can grown my account and also withdraw some funds as this is how I keep the family fed and the mortgage paid.

I don't judge how many pips people achieve or how much money the earn....it is a matter of.......are you happy. are you profitable?......

Please...
none taken buddy..
was just asking cause its interesting..gives an idea of stop loss size pip wise..once i get out of this trade im gonna intraday trade..
was looking for some kind of idea of success rate and stop size placement
  • #305,918
  • Apr 3, 2012 4:44am Apr 3, 2012 4:44am
Quoting PoundTrader
and your still with them JK
Yes but changing, have mentioned this recently. No probs on cable at all though, none. I just don't like them. I almost forgot, one day I was on the road last year for work and had work computer with demo account installed. Rang up and asked for buy on the Euro. He asked for SL which I declined. He then said, well if you decide on one, let us know and we will adjust the spread, oh, uh, I mean make the adjustment for you. Seriously, complete crooks.
Come with me if you want to live....
  • #305,919
  • Apr 3, 2012 5:09am Apr 3, 2012 5:09am
price tests the descending 1hr trend line and encounters supply, sells off to top of previous minor 4hr/1hr swing lo zone/23.6% 5800-6061.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 62 KB
ex member
  • #305,920
  • Apr 3, 2012 6:00am Apr 3, 2012 6:00am
Quoting Faller
Short - 1.6028 futures prices

forex price = 1.6038

target....below 1.6028

stop above 1.6040

based on charts, techs, and fundamentals - and everything else that I look at but a lot of weight has been put on the AUD rate news.

Cheers,

Faller.

p.s. sorry nAVIN - could not help it.......just following it as I do.
This may be my last post here at Forex Factory......so please take in the information that I have provided.....

My early morning position has been closed...

Happy with results......check previous post for my entry http://www.forexfactory.com/showthre...43#post5536143

Posting my exit results....going to bed now....it is7:00AM EST - will check in later......maybe.....


Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: Early Tuesday Morning Short Exit.png Size: 106 KB
I don't trust any move - when you have profit...take it.
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