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Cable Update (GBPUSD)

  • #308,521
  • Apr 17, 2012 3:48am Apr 17, 2012 3:48am
Quoting Flynchenberg
Come on bulls, is that all you got?
Good luck with those Flynchenberg. Looks like we are having another poke at 1.5980... German figures out in 10 minutes or so.
Gone to a better place
  • #308,522
  • Apr 17, 2012 3:52am Apr 17, 2012 3:52am
make it higher omg this fx. aniway success for you and those who holding shorts .......bull bear is always green pips depends on our own strategy aniway
Quoting Flynchenberg
Come on bulls, is that all you got?
not euphoria follower
  • #308,523
  • Apr 17, 2012 3:52am Apr 17, 2012 3:52am
Quoting Flynchenberg
Come on bulls, is that all you got?
Rule No1! NEVER add to your losing positions!
FX will kill you.

Just my2cents
  • #308,524
  • Apr 17, 2012 3:53am Apr 17, 2012 3:53am
Quoting hutrader
Looks like the stall at 5927 area was more like profit taking. Buy on pullbacks for a push towards 5990 I think
Since we have to go till the pip I have added 3 pips so target would be something like 1.5993 in this case.
  • #308,525
  • Apr 17, 2012 3:56am Apr 17, 2012 3:56am
Quoting Flynchenberg
Come on bulls, is that all you got?
Interesting signature courageous one.
Folks cancelled dinner and I missed my buy limit
The other buys are part of a 3 week old hedge.
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #308,526
  • Apr 17, 2012 3:56am Apr 17, 2012 3:56am
Quoting hutrader
Rule No1! NEVER add to your losing positions!
FX will kill you.

Just my2cents
The Real Rule #1 Trade your own damn strategy...
by adding on losing positions it gives you the opportunity to close your trades at a higher price point and still get away unharmed or profitable
this is exactly what my strategy is based on
http://www.myfxbook.com/members/bgug...-adryfx/260406

This is called Trade average pricing... it requires quite some calculation and good money management to do this... cuz you need to know how far your account can go under water...

the say you open a 0.01 initial posiiton, then a 0.02 at a higher price, give syou the chance to close at tp 0.01 leaving your positions BE or BE+ something, if youa re good at Money management and some Pip Average calculations...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #308,527
  • Apr 17, 2012 3:59am Apr 17, 2012 3:59am
Quoting hutrader
Rule No1! NEVER add to your losing positions!
FX will kill you.

Just my2cents
No worry mate,
All my trades are hedged.

Seb
  • #308,528
  • Apr 17, 2012 4:01am Apr 17, 2012 4:01am
Quoting bguguen
The Real Rule #1 Trade your own damn strategy...
by adding on losing positions it gives you the opportunity to close your trades at a higher price point and still get away unharmed or profitable
this is exactly what my strategy is based on
http://www.myfxbook.com/members/bgug...-adryfx/260406

This is called Trade average pricing... it requires quite some calculation and good money management to do this... cuz you need to know how far your account can go under water...

[b]the say you open a 0.01 initial posiiton, then a 0.02...
This is what I'm doing right now with this GBPUSD trade but my pain limit is 1.6 level. Break up of this level will turn me bullish.


Seb
  • #308,529
  • Apr 17, 2012 4:03am Apr 17, 2012 4:03am
Quoting Flynchenberg
This is what I'm doing right now with this GBPUSD trade but my pain limit is 1.6 level. Break up of this level will turn me bullish.


Seb
might happen but im favoring that we meet reisistance at 1.5960 and no further...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #308,530
  • Apr 17, 2012 4:12am Apr 17, 2012 4:12am
Quoting bguguen
might happen but im favoring that we meet reisistance at 1.5960 and no further...
Failure to close above 1.5960 will see the move up as a failure to break against a downwards trendline.... easily drawn by the weekly tops on the H4 chart
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #308,531
  • Apr 17, 2012 4:13am Apr 17, 2012 4:13am
Quoting hutrader
Rule No1! NEVER add to your losing positions!
FX will kill you.

Just my2cents
Inserted Video
  • #308,532
  • Apr 17, 2012 4:17am Apr 17, 2012 4:17am
Daily R2 and top of the previous 1hr swing hi zone has seen some supply..classic 1min bearish div there. Price @ 108% of it's 20 day atr at the current daily hi. No 1hr close above the descending 4hr/daily trend line yet.

@/Above here:

5966-68 prev 1hr sw hi zone incl 5967 = Daily R2 @/around
5973-83 prev 4hr sw lo zone & minor Daily/4hr/1hr sw hi zone
5988 76.4% 6045-5803
5995-6004 prev minor 4hr sw lo zone (non immed) incl 6000=76.4% 6061-5803
6010 85.4% 6045-5803
[ 6020-25 Descending Daily trend line on present Daily candle
[ 6023 85.4% 6061-5803
[ 6025 Daily R3 @/around
6039-45 prev 4hr sw hi zone
6050-55 Descending Daily trend line on present Daily candle
6053-61 prev Daily/ 4hr sw hi zone incl 6954 = Weekly R2 @/around
6075-92 prev Daily sw hi zone incl 6087= 61.8% 6617-5234
6103-15-30 prev Daily sw hi zone incl 6125 = Weekly R3 @/around
6136-65 prev Wkly/Daily sw hi zone incl 6163= 76.4% 6454-5234 and Monthly R1 @/around
6167 61.8% 6746-5234
6240-80 prev minor Daily sw lo zone (non immed) incl 6275= 85.4% 6454-5234
6289 76.4% 6617-5234
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ex member
  • #308,533
  • Apr 17, 2012 4:36am Apr 17, 2012 4:36am
Quoting bguguen
Failure to close above 1.5960 will see the move up as a failure to break against a downwards trendline.... easily drawn by the weekly tops on the H4 chart
Do you mean the 2 April highs? Can you post a chart? We are currently retesting it.
Gone to a better place
  • #308,534
  • Apr 17, 2012 4:36am Apr 17, 2012 4:36am
Good day to you,

Well - 2 trades ending in +5 and -23 for a nett loss of 18 pips.

Gmf..

It's Vodka O'Clock for me. Then high up a tree or hill to look at price from a distance. Kick a dog and come back refreshed.

Take care

Regards
  • #308,535
  • Apr 17, 2012 4:39am Apr 17, 2012 4:39am
23.6% of the current daily lo-hi is where the dip has been bought this time.

How strong are the bulls now with price already at 108% 20 day atr?

G/L
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ex member
  • #308,536
  • Apr 17, 2012 4:39am Apr 17, 2012 4:39am
Quoting smikester
Do you mean the 2 April highs? Can you post a chart? We are currently retesting it.
Indeed testing as we speak
Attached Image (click to enlarge)
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #308,537
  • Apr 17, 2012 4:47am Apr 17, 2012 4:47am
Quoting Flynchenberg
No worry mate,
All my trades are hedged.

Seb
Even Profesional can get wrong,
Pro shown their positions in the chart before the start of the show is powerfull.
False one show his statement at the end of the show ??.
Any way for this trade i hope you will get back.

If you chartist did you see the last tree stars at the bottom of 4hr TF??

Good luck man, hope all the best for you.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #308,538
  • Apr 17, 2012 4:48am Apr 17, 2012 4:48am
the previous fractal swing hi at 5983 is a previous minor daily, 4hr and 1hr swing hi...yesterday's lo could well turn into a fractal swing lo on the daily t/f if today's daily candle closes accordingly. On 4hr the current daily lo could well turn into a fractal HL depending on close of current 4hr candle...this would make 2 x HL's and a H now in this 4hr range 5803-5983

G/L
Attached Image (click to enlarge)
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ex member
  • #308,539
  • Apr 17, 2012 4:53am Apr 17, 2012 4:53am
well, well.. quite a bullish momentum..

got stopped out for 20 pips.. atm just waiting for confirmation if there's opportunity for short..

however, managed to get my hands on aussie and kiwi.. will get back to cable when the dust settled..


later guys..
  • #308,540
  • Apr 17, 2012 5:08am Apr 17, 2012 5:08am
since fiber closed the 1h candle as a shooting star, i will try to get back in on cable at 5960 with stop just above the last high..
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