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Cable Update (GBPUSD)

  • #339,341
  • Apr 24, 2013 7:45am Apr 24, 2013 7:45am
Quoting Maso
No, Dollar is very strong. If you have a look at the Friday's calendar, you will find why. {quote}
UK GDP data tomorrow will likely further weaken GBP if the data disappoints.
  • #339,342
  • Apr 24, 2013 7:47am Apr 24, 2013 7:47am
Quoting Maso
No worries mate, the pair is sinking, you are the winner. {quote}
Don't think it's sinking. Added another long position 1.5259(after saw bad US data) and lowered my sl for the old and new positions to 1.5243.
If gets filled, my profits will still exceed my losses on GU today
After bad CDG, don't know why euro dropped Market went
Trade according to current market condition, not what you think would be.
  • #339,343
  • Apr 24, 2013 7:50am Apr 24, 2013 7:50am
Quoting chazzle
GU M15 long scalp off LO range mid {image}
took it's time...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 167 KB
  • #339,344
  • Apr 24, 2013 7:55am Apr 24, 2013 7:55am
I don't sell before 1.55 , 1.56
Attached Image
  • #339,345
  • Apr 24, 2013 8:53am Apr 24, 2013 8:53am
buy
gbp-usd 1.5263 tp 1.53
  • #339,346
  • Apr 24, 2013 9:39am Apr 24, 2013 9:39am
It is very risky. The King Dollar is extremely strong.

Quoting masoud_s
buy gbp-usd 1.5263 tp 1.53
  • #339,347
  • Apr 24, 2013 9:40am Apr 24, 2013 9:40am
Definitely true.

Quoting Bones
To me USD is bullish unless I see failure {image}
  • #339,348
  • Apr 24, 2013 9:59am Apr 24, 2013 9:59am
Quoting Maso
Definitely true. {quote}

yep yep...

need to wait... maybe in 18 hours approx from now the change will come...

to sleepy today
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,349
  • Apr 24, 2013 10:09am Apr 24, 2013 10:09am
Get ready for the storm which is coming from Japan and the US tomorrow and on Friday.

Quoting eitan1010
{quote} yep yep... need to wait... maybe in 18 hours approx from now the change will come... to sleepy today
  • #339,350
  • Apr 24, 2013 10:13am Apr 24, 2013 10:13am
Quoting Maso
Get ready for the storm which is coming from Japan and the US tomorrow and on Friday. {quote}
wu nyia boh ? so where is your short and stop position buddy
If there was easy money lying around,no one would be forcing it into your
  • #339,351
  • Apr 24, 2013 10:17am Apr 24, 2013 10:17am
gu m15 cup handle formation.
  • #339,352
  • Apr 24, 2013 10:32am Apr 24, 2013 10:32am
PA range till now 60 pips...

very poor...
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,353
  • Apr 24, 2013 10:41am Apr 24, 2013 10:41am
I usually trade on a long term plan. My shorts on cable is at 1.54 level. my long on EJ is at 127 level. Take profit on cable is at 1.50 level and for EJ at 140. Good luck mate.

Quoting FXMindset
{quote} wu nyia boh ? so where is your short and stop position buddy
  • #339,354
  • Apr 24, 2013 11:58am Apr 24, 2013 11:58am
I believe on my trading style ..not use anything indicator...simple....Im new on GBPUSD ...
Today i have 10 position on GBP 6 win and 4 loss ...profit $1007 for today ..(im not gambling, i always use money management and disipline)
Last week i use indicator and always look new post in this forum...make me confused and decrease my win rate...
So for now i will use my stlye... But i love this forum....im bigger from this forum....im anything without this forum
So for all of u... U can hear other people opinion but u must believe on ur self and ur trading style....
Trade with passion
  • #339,355
  • Apr 24, 2013 12:11pm Apr 24, 2013 12:11pm
Quoting Maso
I usually trade on a long term plan. My shorts on cable is at 1.54 level. my long on EJ is at 127 level. Take profit on cable is at 1.50 level and for EJ at 140. Good luck mate. {quote}
Nice,Longterm always good..
If there was easy money lying around,no one would be forcing it into your
  • #339,356
  • Apr 24, 2013 6:37pm Apr 24, 2013 6:37pm
Quoting jenoss
I believe on my trading style ..not use anything indicator...simple....Im new on GBPUSD ... Today i have 10 position on GBP 6 win and 4 loss ...profit $1007 for today ..(im not gambling, i always use money management and disipline) Last week i use indicator and always look new post in this forum...make me confused and decrease my win rate... So for now i will use my stlye... But i love this forum....im bigger from this forum....im anything without this forum So for all of u... U can hear other people opinion but u must believe on ur self and ur...
You are right....
Don't influence by someone's opinion/prediction because can make us dizzy :-)
  • #339,357
  • Edited 8:41pm Apr 24, 2013 8:29pm | Edited 8:41pm
Always have our own trading plan which is mainly RM and MM, a specific cost and risk, with a target in mind.

TA is only there to measure a probability and a risks involved.

Being bull and bear is a bad thing for a retail trader, as retail trader one should focus on making money and being in green with the trend most of the time.

Previously under range of 1.5287, now above yesterday's daily high is a breakout already. Those who might have listened to my earlier posts of taking buy stops above daily's high resistance might have already fetched a break even positions by now, a scalp burst trade, or already more than 20-30 pips.

Hedge buy stops while having sell live is the same as taking stop loss, just that one reduce the damage of a buffering wide stop loss, and choose to bank in or further buy stops to break even the losses eventually. Banked in winner and trade retracement back, and cut loser shorter.



Trade what you see not what you think, not what other thinks.

Being biased is fine, but no one can really predict where price will go. being bull and bear and not understanding support/resistance will only burn the pocket more and suffer in dd. However, break resistance and break support, tend to move price to another region.

Post BO

Only buy lo, sell hi in range, after range, can only buy hi, sell lo.

Taking stops orders

Rule no. 1 don't be fool by overbought or oversold when price move out of range, don't rely on indicators, don't read biased analyst's predictions unless they provide both bull and bear out look.

good luck to all.
  • #339,358
  • Apr 24, 2013 9:33pm Apr 24, 2013 9:33pm
Quoting -sonny-
bad us data , up again
(Yes) good call and now nice profit
Come with me if you want to live....
  • #339,359
  • Apr 24, 2013 9:38pm Apr 24, 2013 9:38pm
Quoting 5percent
Always have our own trading plan which is mainly RM and MM, a specific cost and risk, with a target in mind. TA is only there to measure a probability and a risks involved. Being bull and bear is a bad thing for a retail trader, as retail trader one should focus on making money and being in green with the trend most of the time. Previously under range of 1.5287, now above yesterday's daily high is a breakout already. Those who might have listened to my earlier posts of taking buy stops above daily's high resistance might have already fetched a break...
Very nice explanation buddy
If there was easy money lying around,no one would be forcing it into your
  • #339,360
  • Apr 24, 2013 9:39pm Apr 24, 2013 9:39pm
Quoting Ill-b-back
{quote} (Yes) good call and now nice profit
Morning Sr Iiback

The Tl of Pound/Dollar seem hold very well,if its valid we might targeting 1.55,,1.5410 need take out solidly for positive one
If there was easy money lying around,no one would be forcing it into your
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