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Cable Update (GBPUSD)

  • #317,641
  • Jun 28, 2012 3:04am Jun 28, 2012 3:04am
Quoting UbuFamily
Look at the hourly chart's pin bar? See the movement and momentum.

Attachment

Ubu

Getting ready for cash out
I trade to live
  • #317,642
  • Jun 28, 2012 3:04am Jun 28, 2012 3:04am
Quoting bguguen
THANK FUCK EJ
I trade to live
  • #317,643
  • Jun 28, 2012 3:07am Jun 28, 2012 3:07am
Quoting bguguen
i did tell you to lock in all ur profits... Gold down... GU down... EU down... EVERYTHING against the USD is down.... it all has to do that the world FEARS on EUrope.... and when world is in fear the revert to the USD....
oh well...61 pips only locked the rest closed @ BE ..should have taken your advice

opened GU long now @ 1.5535 same TP 1.5777 first stop 1.5570
  • #317,644
  • Jun 28, 2012 3:07am Jun 28, 2012 3:07am
Quoting UbuFamily
LOL i locked in EJ profit, already double the losses i suffered earlier today with that GBPUSD short... FUCKING Stop hunts...
im telling you GBPUSD is meant to drop and it did.... DONT fucking TRUST ASIA....
LEARN your lesson!!!

ASIA goes up more than half of the Week's average range for wt reason?? no reason?? okay great fake out fucker took my SL i was short GBPUSD ;(
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #317,645
  • Jun 28, 2012 3:09am Jun 28, 2012 3:09am
Breaking the golden gate of bottom ascending t/l in weekly




Ubu
I trade to live
  • #317,646
  • Jun 28, 2012 3:12am Jun 28, 2012 3:12am
Quoting redbeben
oh well...61 pips only locked the rest closed @ BE ..should have taken your advice

opened GU long now @ 1.5535 same TP 1.5777 first stop 1.5570
i am so surpised when back from office and found where the cable, first i've opened long at 1.5574 but it still down again, so i made 2nd long at 1.5536.......

we will see........
  • #317,647
  • Jun 28, 2012 3:12am Jun 28, 2012 3:12am
Daily S1 / 76.4% 5453-5776 at the current daily lo after the precipitous drop down from 5618

Below here:

5524-09 prev 1hr sw lo zone incl 5520=50% main 5267-5776move, and 5518 = 85.4% 5473-5776
5501 85.4% 5453-5776 and Weekly S1 @/around
5495 61.8% 5320-5776
5492-76-72 prev Dly/4hr/1hr sw lo zone, incl 5491=76.4% 5402-5776, 5486 = Daily S2 @/around

5465-52 prev Dly/4hr/1hr sw lo zone, incl 5460=61.8% main 5267-5776move, and 5457=85.4% 5402-5776
5429 Daily S3 @/around
5427 76.4% 5320-5776
5418 Weekly S2 @/around
5412-02 prev minor 4hr sw hi x2 & Dly/4hr sw lo zone
5387/86 85.4% 5320-5776/76.4% main5276-5776move
5340 85.4% main5267-5776 move
5332-19 prev Dly/4hr sw lo zone
5305-00 ascending weekly trend line on current daily candle
5281-67 (-34) Prev Wkly/Dly/4hr sw lo zone
　
　
G/L
　
　
ex member
  • #317,648
  • Jun 28, 2012 3:13am Jun 28, 2012 3:13am
Quoting bguguen
LOL i locked in EJ profit, already double the losses i suffered earlier today with that GBPUSD short... FUCKING Stop hunts...
im telling you GBPUSD is meant to drop and it did.... DONT fucking TRUST ASIA....
LEARN your lesson!!!

ASIA goes up more than half of the Week's average range for wt reason?? no reason?? okay great fake out fucker took my SL i was short GBPUSD ;(

That's why ATR should be included in our set-up

Btw, your good spotting those fundies!

Ubu
I trade to live
  • #317,649
  • Jun 28, 2012 3:21am Jun 28, 2012 3:21am
Quoting UbuFamily
That's why ATR should be included in our set-up

Btw, your good spotting those fundies!

Ubu
Paul taught me that shit, so talk to him more... Most of the traders here already crucified me enough for talking fundamentals...
Paul has an account but he just doesnt like to get himself involved with all the abuses i suffered for talking about manipulaiton and shit...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #317,650
  • Jun 28, 2012 3:25am Jun 28, 2012 3:25am
Quoting Red Alert
i am so surpised when back from office and found where the cable, first i've opened long at 1.5574 but it still down again, so i made 2nd long at 1.5536.......

we will see........

well,one advice here if you allow me to.

do not open trades in cascade trying to pick bottoms.if you opened one @ 1.5574 better stick to it to either run to SL or TP

if you open a second one you just double your risk and it does not worth it.

market tanked due to german govt talk that summit will not do much now for EU

it might be paid to say so so banks cash in before summit only to reload longs or it is true.

still EU needs to go higher before breaking down and GU as well.

1.2800 for EU is a must and 1.6060 for GU .

please always keep in mind you need to apply a SL and a good MM to the trades you know what they say ''live to fight another day''
  • #317,651
  • Jun 28, 2012 3:26am Jun 28, 2012 3:26am
  • #317,652
  • Jun 28, 2012 3:27am Jun 28, 2012 3:27am
Quoting redbeben
oh well...61 pips only locked the rest closed @ BE ..should have taken your advice

opened GU long now @ 1.5535 same TP 1.5777 first stop 1.5570
20 pips scaling out

next stop 1.5570 and 1.5600 but news in 3 min so better SL @ BE now
  • #317,653
  • Jun 28, 2012 3:28am Jun 28, 2012 3:28am
Quoting PoundTrader
I did take another short at 1.5595, s/l 1.5673, t/p 1.5525 with half the lots i always trades, trying to keep 90% of the pips i made this week, good luck to all
this trade has been close by me at 1.5532, im done till i get EOD data, thanks bbking
  • #317,654
  • Jun 28, 2012 3:31am Jun 28, 2012 3:31am
Quoting PoundTrader
this trade has been close by me at 1.5532, im done till i get EOD data, thanks bbking


still what is EOD coz you always talk about it
is it your system's numbers ?
  • #317,655
  • Jun 28, 2012 3:33am Jun 28, 2012 3:33am
Quoting redbeben


Still what is eod coz you always talk about it
is it your system's numbers ?
EOD= END OF DAY. Open, high, low, close i need this info for my system
  • #317,656
  • Jun 28, 2012 3:34am Jun 28, 2012 3:34am
Quoting PoundTrader
eod= end of day. Open, high, low, close i need this info for my system
  • #317,657
  • Jun 28, 2012 3:37am Jun 28, 2012 3:37am
Quoting redbeben
well,one advice here if you allow me to.

do not open trades in cascade trying to pick bottoms.if you opened one @ 1.5574 better stick to it to either run to SL or TP

if you open a second one you just double your risk and it does not worth it.

market tanked due to german govt talk that summit will not do much now for EU

it might be paid to say so so banks cash in before summit only to reload longs or it is true.

still EU needs to go higher before breaking down and GU as well.

1.2800 for EU is a must and 1.6060 for GU .

please always...
Thank you redbeben, i was closed my second long at 1.5555 for some pips....and still hold first....thank you for remind me.....lot size was adjusted now...
  • #317,658
  • Jun 28, 2012 3:42am Jun 28, 2012 3:42am
much changed 1hr screensahot now as below re immediate potential upside barriers.

G/L
Attached Image
ex member
  • #317,659
  • Jun 28, 2012 3:47am Jun 28, 2012 3:47am
Quoting Red Alert
Thank you redbeben, i was closed my second long at 1.5555 for some pips....and still hold first....thank you for remind me.....lot size was adjusted now...
hi again

I want to point out a simple calculation here

you opened one @ 1.5574 which @ 1.5555 was @ -19 pips

and you opened a second one @ 1.5536 that you closed @ 1.5555 again 19 pips +

so basically @ 1.5555 you were on 0


a better option would have been to close the 1.5574 one for a -19 pips and put the 1.5536 one @ BE ...this way you only have lost 19 pips from the first trade and that's it...

or,if price will continue to climb as I expect to 1.5575 then 1.5586 and finally 1.5607 you would get back the 19 pips loss by 1.5555 and the rest is bonus of 50 pips


in your case..you killed the profitable trade now but left open the minus one...so instead of closing at BE it will have a minus if it goes lower.

I always kill the minus one coz basically is the same thing....you will have the same pips at the end of the day....

I hope I explained it properly ...for me it makes sense:nerd:
  • #317,660
  • Jun 28, 2012 3:47am Jun 28, 2012 3:47am
Went short @ 1.55819 with SL @ 15626. No TP
Attached Image (click to enlarge)
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