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Cable Update (GBPUSD)

  • #316,621
  • Jun 17, 2012 2:36pm Jun 17, 2012 2:36pm
Quoting TauTrader
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...
hello tau, yes i agree with you in this. Problems for me comes because definetly i find not easy to add in a position, and most of times i got it too small, it ended with a close in loss since a small loss, or a close in profits but few $ since did not add.

what you say is very true!!! but doesn't work for me.....
90% of traders use TA, indicators and prediction
  • #316,622
  • Jun 17, 2012 2:44pm Jun 17, 2012 2:44pm
will market go up because greek things ok?
will market go up because greek things not ok?

or will it go down?

seriously....... does this really matter for us?!

don't get me wrong! i mean: a lot of people are not long term traders. or at least seems to me that most traders hold trades for "quick" swings.

so i think that if market will go up, will be good to find longs. if will go down, will be good to find short entries.....

an uptrend from here can be till 1.60 -1.61
a downtrend can be till 1.52- 1.53.

so... no hurry at all.
90% of traders use TA, indicators and prediction
  • #316,623
  • Jun 17, 2012 2:50pm Jun 17, 2012 2:50pm
market is going wild, look for a crazy gap,
  • #316,624
  • Jun 17, 2012 2:51pm Jun 17, 2012 2:51pm
to see market quotes go to truefx.com
  • #316,625
  • Jun 17, 2012 2:58pm Jun 17, 2012 2:58pm
Quoting PoundTrader
to see market quotes go to truefx.com
also oanda.com.....

gap? problems will not be with the so loved gaps.
problems will be with possible insane volatility!

i will come back in forums + charts by tuesday-wednesday, just to see if and what happened.

byybye
90% of traders use TA, indicators and prediction
  • #316,626
  • Jun 17, 2012 3:04pm Jun 17, 2012 3:04pm
Quoting _BBKing_
also oanda.com.....

gap? problems will not be with the so loved gaps.
problems will be with possible insane volatility!

i will come back in forums + charts by tuesday-wednesday, just to see if and what happened.

byybye
  • #316,627
  • Jun 17, 2012 3:23pm Jun 17, 2012 3:23pm
Quoting _BBKing_
also oanda.com.....

gap? problems will not be with the so loved gaps.
problems will be with possible insane volatility!

i will come back in forums + charts by tuesday-wednesday, just to see if and what happened.

byybye
have a good one bro!!..
  • #316,628
  • Jun 17, 2012 3:34pm Jun 17, 2012 3:34pm
hello ,

where do you see the volatility in GU ?
11 pips up is all I see
  • #316,629
  • Jun 17, 2012 3:40pm Jun 17, 2012 3:40pm
Quoting redbeben
hello ,

where do you see the volatility in GU ?
11 pips up is all I see
i was joking, there is none atm
  • #316,630
  • Jun 17, 2012 3:44pm Jun 17, 2012 3:44pm
Quoting redbeben
hello ,

where do you see the volatility in GU ?
11 pips up is all I see
I've noticed GU does not go as insane/crazy during crazy times like NFP etc, other pairs are far more unpredictable with movements, GU generally more orderly is what I have noticed but other pairs can and will go stupid/nuts/all over the place.
Come with me if you want to live....
  • #316,631
  • Jun 17, 2012 3:46pm Jun 17, 2012 3:46pm
Quoting roro53

http://24.media.tumblr.com/tumblr_m5...7xwvo1_500.jpg

.anyone have an opinion on this or that?
fake boobs, nice jewelry
deep RoT is essential for everlasting happyness
  • #316,632
  • Jun 17, 2012 3:50pm Jun 17, 2012 3:50pm
thought today's open would be Armageddon! disappointed so far. Anyway, lets wait for the bankers to get on seat tomorrow.
The only way not to think about money is to have a great deal of it
  • #316,633
  • Jun 17, 2012 3:52pm Jun 17, 2012 3:52pm
Look my thoughts are it has to drop back some before it reloads.The big banks will will not let this turn into a bun fight.Having crazy ups an downs will scare the customers,the banks do not want a run on the banks.
I reckon its a storm in a tea cup,a beat up by the media.
They want all your money,they will play all tricks to get it.
  • #316,634
  • Jun 17, 2012 4:11pm Jun 17, 2012 4:11pm
no significant gap
not euphoria follower
  • #316,635
  • Jun 17, 2012 4:26pm Jun 17, 2012 4:26pm
@ iqyu5an

great contribution.
I don't trust any move - when you have profit...take it.
  • #316,636
  • Jun 17, 2012 5:13pm Jun 17, 2012 5:13pm
seems like i might just be selling cable during london session in the morning Lets see what happens ahead
The only way not to think about money is to have a great deal of it
  • #316,637
  • Jun 17, 2012 5:39pm Jun 17, 2012 5:39pm
not sure why anyone would buy this news......so Greeks said - sure we vote for the bailout party.......but we have no intention of following the rules....give me money....give me money....give me money......then fak you!!!!

Actually kind of scary.....
I don't trust any move - when you have profit...take it.
  • #316,638
  • Jun 17, 2012 5:46pm Jun 17, 2012 5:46pm
Inserted Video
I don't trust any move - when you have profit...take it.
  • #316,639
  • Jun 17, 2012 5:49pm Jun 17, 2012 5:49pm
Quoting Faller
not sure why anyone would buy this news......so Greeks said - sure we vote for the bailout party.......but we have no intention of following the rules....give me money....give me money....give me money......then fak you!!!!

Actually kind of scary.....
agree......also not wanting to be short the market/long dollar with the FOMC up on the 20th on the heels of Mervyn King's plea for expanding stimulus.

King is the venerable central banker among central bankers and may be/probably is front running stimulus from the other banks already in the works.

if Bernanke and the FED balk and disappoint then i think the market may sell off pretty hard

wait and see is mo
  • #316,640
  • Jun 17, 2012 7:21pm Jun 17, 2012 7:21pm
Long @ 1.57291, SL=1.57030, TP=1.57815, R:R=1:2

Hopefully it'll break through resistance around 1.5715...

Looking to see it hit the 50% fibo...

We'll see how it goes.
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