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Cable Update (GBPUSD)

  • #322,081
  • Aug 21, 2012 5:43am Aug 21, 2012 5:43am
gu and gold
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  • #322,082
  • Aug 21, 2012 6:07am Aug 21, 2012 6:07am
daily candle is tagging upper bollinger; will be interesting to see how it closes. Dont think it'll break resistance today based on volumes...
  • #322,083
  • Aug 21, 2012 7:34am Aug 21, 2012 7:34am
From yesterdays posted chart analysis and trade information - target of 1.5740 hit and long position was closed - plus 55 pips. Congrats to those that also took that trade. Amen......

Will post trade results if anyone is interested.....amen.


Peace and love and the angles be with you - amen

Or at least having success reading charts.....where is everyone again.......

Faller.
I don't trust any move - when you have profit...take it.
  • #322,084
  • Aug 21, 2012 7:50am Aug 21, 2012 7:50am
Quoting XTrade
FVCK YEAH!!!!!!!!!!!!!!! GOLD TAKES 1625 first interim resistance now we go 10 USD higher to 1635.....................


Sorry OT....

Just psyched..

http://www.kitco.com/images/live/gold.gif
Hi XTrade, I think about trading gold when account gets bigger and have seen this kitco chart before.
Do you or are you able to trade off it, or do you use broker for analysis?
Just wondering because there are obvious differences in display and looking for any useful info.
Cheers mate.
Oh, also with the hedge, I didn't start with the hedge, just entered it when we got that spike down below the fib last week. Like I said before, I suck at day trading and not practical to monitor trades during US session for me in Australia.
Come with me if you want to live....
  • #322,085
  • Aug 21, 2012 7:54am Aug 21, 2012 7:54am
Quoting XTrade
I never "hedge" the same pair or "straddle " it. Partially b/c I can't and secondly cause it is usually a BE or losing proposition.

I only use pairs that move inversely to the one being traded, on winning position trades. edit: say the trade USD/CHF short is going to rise and I am 300 pips short, I would sell cable. for instance.

if you start out with a hedge why take the trade in the first place? You need to have conviction.
I hedge everyday on all possible pairs never missed one trade ,I'm a pip machine
  • #322,086
  • Aug 21, 2012 7:58am Aug 21, 2012 7:58am
Quoting PoundTrader
Ok boys im going all in, im short at 1.5738, 1.5755 and 1.5777, s/l 1.5900, t/p 1.5646.
falller you know i trade for a living and some day im hopping to get out here, i made good money and save a lot of money from trading forex and today i had enough of forex so i went all in, if this trade turn out good then my account goes up 200% if not then i lose 95% of my account if i blow 95% of my account then i can live my dream of owning another business but if it grows it's gonna keep me trading forex im thinking of quiting forex at the end of this year regarless of what happen to this trade, i have other dreams i need to follow.
  • #322,087
  • Aug 21, 2012 8:05am Aug 21, 2012 8:05am
Quoting PoundTrader
falller you know i trade for a living and some day im hopping to get out here, i made good money and save a lot of money from trading forex and today i had enough of forex so i went all in, if this trade turn out good then my account goes up 200% if not then i lose 95% of my account if i blow 95% of my account then i can live my dream of owning another business but if it grows it's gonna keep me trading forex im thinking of quiting forex at the end of this year regarless of what happen to this trade, i have other dreams i need to follow.
I need you on my forex special forces team bro.
"Who Dares Wins" - "No Guts No Glory"
Come with me if you want to live....
  • #322,088
  • Aug 21, 2012 8:10am Aug 21, 2012 8:10am
Quoting PoundTrader
falller you know i trade for a living and some day im hopping to get out here, i made good money and save a lot of money from trading forex and today i had enough of forex so i went all in, if this trade turn out good then my account goes up 200% if not then i lose 95% of my account if i blow 95% of my account then i can live my dream of owning another business but if it grows it's gonna keep me trading forex im thinking of quiting forex at the end of this year regarless of what happen to this trade, i have other dreams i need to follow.
Oh NOOO!!!! PT dont quit forex please!!! Where the fuck am I gonna be getting my WEED from now? The RED CROSS?
The only way not to think about money is to have a great deal of it
  • #322,089
  • Aug 21, 2012 8:16am Aug 21, 2012 8:16am
Quoting Makavelli7
Oh NOOO!!!! PT dont quit forex please!!! Where the fuck am I gonna be getting my WEED from now? The RED CROSS?
weed, ok you got me im not quiting now pass the damn joints http://www.pic4ever.com/images/4hba7gi.gif
  • #322,090
  • Aug 21, 2012 8:25am Aug 21, 2012 8:25am
Quoting PoundTrader
weed, ok you got me im not quiting now pass the damn joints http://www.pic4ever.com/images/4hba7gi.gif
Now you're talking! wHOOUEEEEE YEAH!!!! Now thats some good shit!!!!
Attached Image
The only way not to think about money is to have a great deal of it
  • #322,091
  • Aug 21, 2012 8:27am Aug 21, 2012 8:27am
Quoting PoundTrader
falller you know i trade for a living and some day im hopping to get out here, i made good money and save a lot of money from trading forex and today i had enough of forex so i went all in, if this trade turn out good then my account goes up 200% if not then i lose 95% of my account if i blow 95% of my account then i can live my dream of owning another business but if it grows it's gonna keep me trading forex im thinking of quiting forex at the end of this year regarless of what happen to this trade, i have other dreams i need to follow.

we all have our reasons as to what brought us to the market....whether it is futures, equities, forex etc.....and we will all have our own reasons for leaving the market as well. Being able to recognize these things is what is most important.

Cheers PT.....

Faller
I don't trust any move - when you have profit...take it.
  • #322,092
  • Aug 21, 2012 8:48am Aug 21, 2012 8:48am
Wow... weird day today.... spain gets their bailout package without a clear hint on what the terms are and the risk crowd is shouting hallelujah....
not gona take sides here either since market in august can go just about anywhere with low liquidity...

Ill be shorting the EURUSD at 1.2520 with SL at 1.2560
that is heck of a beast place to short... considering Monthly EMA200 is there...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,093
  • Aug 21, 2012 8:53am Aug 21, 2012 8:53am
still sell on a break if not making new HH
Attached Image
  • #322,094
  • Aug 21, 2012 8:54am Aug 21, 2012 8:54am
Quoting bguguen
Wow... weird day today.... spain gets their bailout package without a clear hint on what the terms are and the risk crowd is shouting hallelujah....
not gona take sides here either since market in august can go just about anywhere with low liquidity...
Still, nice to see a simple 50 pip move turn this place into a posting circus for a while.
Cheap quality entertainment is hard to find nowadays
Come with me if you want to live....
  • #322,095
  • Aug 21, 2012 9:00am Aug 21, 2012 9:00am
Quoting Ill-b-back
Still, nice to see a simple 50 pip move turn this place into a posting circus for a while.
Cheap quality entertainment is hard to find nowadays
did some "less experienced traders" turn bullish all of a sudden and longed at the top today??
hehe i know exactly what you mean...

When i say weird... US treasury yields are falling, and YEN is strengthening today... classic signs of a risk off environment and yet... EURUSD... GBPUSD... AUDUSD... XAUUSD all going up today is boggling my mind....
tells me something shocking is going to happen and its not gona look good for people turning bullish on today's moves....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,096
  • Aug 21, 2012 9:05am Aug 21, 2012 9:05am
Quoting bguguen
did some "less experienced traders" turn bullish all of a sudden and longed at the top today??
hehe i know exactly what you mean...
Oh no bro, not talking about trade calls, that's not my deal, just some entertainment from the usual likely lads. Good to just have a laugh at jokes with the usual suspects, you know who I mean
Come with me if you want to live....
  • #322,097
  • Aug 21, 2012 9:11am Aug 21, 2012 9:11am
Quoting bguguen
did some "less experienced traders" turn bullish all of a sudden and longed at the top today??
hehe i know exactly what you mean...

When i say weird... US treasury yields are falling, and YEN is strengthening today... classic signs of a risk off environment and yet... EURUSD... GBPUSD... AUDUSD... XAUUSD all going up today is boggling my mind....
tells me something shocking is going to happen and its not gona look good for people turning bullish on today's moves....
I actually hope you're right. I'd like to get a reversal signal 8am AEST tomorrow so I can offload my longs at profit then offload my shorts at profit, then buy this thing back up, would really make my week. But this is just utopian scenerio idea for me so I can have something to look forward to tomorrow as this recent market creeping has been boring me to tears
Come with me if you want to live....
  • #322,098
  • Aug 21, 2012 9:14am Aug 21, 2012 9:14am
Short 1.5770
sl @ 1.5790
tp manual

I fear I might have entered too soon... although looks to be having trouble breaking 1.5776/1.5778... crappy market today
  • #322,099
  • Aug 21, 2012 9:22am Aug 21, 2012 9:22am
Quoting Freshpips
Short 1.5770
sl @ 1.5790
tp manual

I fear I might have entered too soon... although looks to be having trouble breaking 1.5776/1.5778... crappy market today
Maybe looking at different things but this morning from Franky open was easy trade quick + 20 for which is my day target - yesterday was a different issue. That was crappy!!

G/l on the short
  • #322,100
  • Aug 21, 2012 9:28am Aug 21, 2012 9:28am
Quoting Freshpips
Short 1.5770
sl @ 1.5790
tp manual

I fear I might have entered too soon... although looks to be having trouble breaking 1.5776/1.5778... crappy market today

Quite close to the top of both the H4 and daily trend lines right now and overbought signals on the stoch indi,

Could be a good place to enter but ideally an entry closer to your S/L with the Stop then placed at 1.581
Money never sleeps...
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