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Cable Update (GBPUSD)

  • #316,581
  • Jun 16, 2012 5:19am Jun 16, 2012 5:19am
Quoting redbeben
hi,

I don't get the add into position part and the 500 pips move

I did this calculation

...............

all you need is discipline and balls to stick to the big lots
i agree 100%

i would prefer to say 0-50p x day!

must always use the correct lot size based on equity amount and market conditions: no more, no less!
recently i discovered that using a lower size is like justify a possible wrong trade.
90% of traders use TA, indicators and prediction
  • #316,582
  • Jun 16, 2012 6:20am Jun 16, 2012 6:20am
A quick ride to the bottom and this pair has done her hard work earlier this month than in January, February.

Could be a quick ride back up...
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Come with me if you want to live....
  • #316,583
  • Jun 16, 2012 7:06am Jun 16, 2012 7:06am
Quoting Ill-b-back
A quick ride to the bottom and this pair has done her hard work earlier this month than in January, February.

Could be a quick ride back up...
90% of traders use TA, indicators and prediction
  • #316,584
  • Jun 16, 2012 7:39am Jun 16, 2012 7:39am
http://www.trade-forex-harmonic-patt...%20pattern.gif
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not euphoria follower
  • #316,585
  • Jun 16, 2012 10:38am Jun 16, 2012 10:38am
Im buying gbp nzd ,clear set up


Quoting trader_fx1
hi pal, How are things in Hawaii? Sun ok? Ocean ok? Girls ok?

Anyway i like GBPNZD cause give us big moves. but sometimes is going crazy and might confuse intraday traders and scalpers.

be carefull to check your R/R ratio and leverage are the two most important to be succesful in long tern.
if you dont find good R/R ratio wait to enter short or long in the right time

indeed patience is a virtue
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #316,586
  • Jun 16, 2012 10:42am Jun 16, 2012 10:42am
and cable ,ive moved to bb s camp
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #316,587
  • Jun 16, 2012 10:53am Jun 16, 2012 10:53am
weekly point of view ,falling tl maybe open over ether way ,the weekly can not be ignored this week
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #316,588
  • Jun 16, 2012 10:57am Jun 16, 2012 10:57am
I think higher did you see gap on daily


Quoting trader_fx1
Gbpnzd
~1.97 sl
~2.05 tp

(sweden 2 - england 3)
((gbpusd + 0.98%))
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #316,589
  • Jun 16, 2012 11:40am Jun 16, 2012 11:40am
Quoting Ill-b-back
No bro not surprised at all by direction, system calls for the long term reversal, but reaching this level today after fart arsing around all week,what a wind up after the londob drop
Was thinking of you nAV.
Fibs to watch for sure, we still in a ranging market thanks to April and May.

i need to get out of this trade bro..im fedup of not doing anything
  • #316,590
  • Jun 16, 2012 11:45am Jun 16, 2012 11:45am
Quoting Bones
lol why have you just waited with them buys Nav all this time !!?

loli have been looking at this trendline break and i begin to wonder perhaps it hasnt..it not like metatrader feed is very accurate for trendlines brother..

and that area i see a support..this is why i cant sell into this area..i reckon 1.6 is on..retest of breakout area on dailly but secretly hoping is blazes up
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  • #316,591
  • Jun 16, 2012 11:54am Jun 16, 2012 11:54am
lol
Nav I hope so for you ,I think maybe good time to add if you feel comfortable
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #316,592
  • Jun 16, 2012 11:58am Jun 16, 2012 11:58am
the monthly on gbp bothers me for much more than retrace ,im thinking BOE on friday have created bullish market for gbp , i need to resaerch that

bounced right off 50% retrace ,but right under tl,and res
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  • #316,593
  • Jun 16, 2012 12:08pm Jun 16, 2012 12:08pm
http://www.guardian.co.uk/business/2...to-high-street

I wonder what the banks did with this fee bee did you look at Dow
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #316,594
  • Jun 16, 2012 12:36pm Jun 16, 2012 12:36pm
Quoting Bones
the monthly on gbp bothers me for much more than retrace ,im thinking BOE on friday have created bullish market for gbp , i need to resaerch that

bounced right off 50% retrace ,but right under tl,and res
I think it was triggered more likely by the big corporations and banks diversifing the portfolio against the Greek elections outcome.

They just bought whatever appeard to be safeheaven on the market(JPY,GBP and some CHF)

Please keep an eye on the MA 200 @ 1.5766 and the very strong R line @ 1.5784 if you are long.
Normally,there should be sellers over there but the main strategy would be to buy the dips on each ocasion till we reach 1.6250 area ....where we meet a W trendline.

oh well....talking nonsense here.

If Greece decides to exit then EU will gap down massively and GU will follow.
  • #316,595
  • Jun 16, 2012 12:39pm Jun 16, 2012 12:39pm
Quoting Bones
http://www.guardian.co.uk/business/2...to-high-street

I wonder what the banks did with this fee bee did you look at Dow
Of course cable is going down although the market may open up in case the new democracy party wins majority at the Greek parliament, everybody will be selling cable spikes. Also Euro/jpy completed successfully head and shoulders pattern heading towards 88 area and this suggests risk off at some moment, this is cable negative. The European economy is Beverly deteriorated first the thread of the Greek default and now we have many other defaults from everywhere Spain, Italy, Portugal, Ireland, cyprus, 75% of UK exports is to Europe, Europe is going on a deep recession and the UK is also on a very deep recession and you are claiming that cable is heading towards 1.9 are you out of your minds !
  • #316,596
  • Jun 16, 2012 3:47pm Jun 16, 2012 3:47pm
Hello

I still have a short in,so is a minor problem.
Bit of a set back as my long positions where taken out.
I kept thinking this will run out of steam.
I hate entering a long after a big climb,pretty sure there will be plenty of players holding shorts.
It has been trending down for weeks,anything is possible.
Many traders are in the same situation.
Hoping for some big spikes,this will allow a better entry for people like me who regularly get things wrong.
Should be a interesting week for all
  • #316,597
  • Jun 16, 2012 5:49pm Jun 16, 2012 5:49pm
Quoting nAVIN2007
i need to get out of this trade bro..im fedup of not doing anything
Yeah, but I think you might get back to 63 nAV, just my opinion.
But really, since it was a 16 month chart trade, it's just been a 1 candle retracement.
Do you see the perspective brother?
Man, to hold your trade when at 63 the other month
A fine line between madness and genius. I think maybe you both
I'm trying my hand at day trading, exciting stuff dude.
Come with me if you want to live....
  • #316,598
  • Jun 16, 2012 6:11pm Jun 16, 2012 6:11pm
thanks for the link, Bones

Quoting Bones
http://www.guardian.co.uk/business/2...to-high-street

I wonder what the banks did with this fee bee did you look at Dow
  • #316,599
  • Jun 17, 2012 2:30am Jun 17, 2012 2:30am
Quoting _BBKing_
i agree 100%

i would prefer to say 0-50p x day!

must always use the correct lot size based on equity amount and market conditions: no more, no less!
recently i discovered that using a lower size is like justify a possible wrong trade.
Good day to you,

Respectfully disagree. It depends on what your rules of entry are. Trading bottom turns are for the most part more complex than trading top turns. It is the way it is...

When trading 4hr and daily charts - drawdowns are far more likely to be quite substantial for the way I enter positions - so using a lower or smaller size for the initial entry, allows to add a bit later should the trade rules remain in place. Allows me a better average price for the entry.

Also saves me a bit when the trade does not work out or the setup becomes invalid.

Just my view.

Regards
  • #316,600
  • Jun 17, 2012 3:21am Jun 17, 2012 3:21am
the gbp simply will not let it go that high (1.63 cable ) you must see its got to go to the top of last month (gbp lfx),in fact its right up against res

Please try trusting higher tf ,the set up is retrace caused by $ weakness

1.5900 ,I have as max this month ,think about it Nav


Quoting Bones
the monthly on gbp bothers me for much more than retrace ,im thinking BOE on friday have created bullish market for gbp , i need to resaerch that

bounced right off 50% retrace ,but right under tl,and res
On-site guru & also FF member's' psychiatrist, when not drinking tea
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