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Cable Update (GBPUSD)

  • #340,521
  • May 10, 2013 10:57am May 10, 2013 10:57am
Quoting Bones
no it is evening star depend on close ,but honestly on h4 you see continuation pattern with high reliability {quote}
What continuation pattern? I cant see anything I recognise?
  • #340,522
  • May 10, 2013 10:57am May 10, 2013 10:57am
Quoting Bones
Z that is very unlike you !! {quote}
CONGRATULATION B.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #340,523
  • May 10, 2013 11:41am May 10, 2013 11:41am
Quoting fxtyrant
{quote} OI! if ur god im god... even you had to follow me into shorting at 1.5580 you plick ahaha jking but yea.... our message to the bulls... http://www.youtube.com/watch?v=T8oTlWwAPFI
hahaha , very funny guys .

ok nice move down but the channel UP is just scratched , hope you will take your profit here
  • #340,524
  • May 10, 2013 11:43am May 10, 2013 11:43am
Quoting fxtyrant
{quote} i use pepperstone, i love them big time... but one slightly downside is that they are not a fixed spread broker... the have incredibly low spreads on everything... but i realize its best not to trade immediately after new daily candle open because thats when NY Close/ Asia Open occurs and spreads are unusually high at those times...

I have had a look at pepperstone demo and you right on the spreads are good, execution is good too and this is the demo. So the live account should be better. Will test next week on different market conditions. Thanks. Oh yes thanks to all that responded its been a grate help. Best people to talk too is other traders as you chaps have the insight because of experience. Cheers
  • #340,525
  • May 10, 2013 11:44am May 10, 2013 11:44am
I have tighted right up ,maybe by mirical this is tl visit ,guess if its gonna happen make it like this

I have no access to my charts at all

both h4 highlighted are continuation



Quoting scorbetFX
{quote} What continuation pattern? I cant see anything I recognise?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2 gbpusdh4 continuation.png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,526
  • May 10, 2013 11:48am May 10, 2013 11:48am
Hi guys
i am new to this blog. I have back actively to trading since April. I have been trading EU and GU. Trading is always a pleasure. I find it hard to control my greed and risk. I had a pending short since last week. I made profit yesterday and I rushed to close. It is hard to know when to close and if someone should trade more after making profit. Does it happen to you also?
Thank you
  • #340,527
  • May 10, 2013 11:55am May 10, 2013 11:55am
Quoting Bones
I have tighted right up ,maybe by mirical this is tl visit ,guess if its gonna happen make it like this I have no access to my charts at all both h4 highlighted are continuation {quote} {image} {image}
Thanks for the charts. I see what you mean now - I chose to negate the hammer after PA took out the low of the hammer wick.
  • #340,528
  • May 10, 2013 11:56am May 10, 2013 11:56am
Quoting -sonny-
{quote} hahaha , very funny guys . ok nice move down but the channel UP is just scratched , hope you will take your profit here
why ask when you know im not doing nothing until it reaches 1.52?? ahahaha
start praying to the gods... ie bones and me AHAHAHA.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,529
  • May 10, 2013 11:59am May 10, 2013 11:59am
Quoting Noldie
Hi guys i am new to this blog. I have back actively to trading since April. I have been trading EU and GU. Trading is always a pleasure. I find it hard to control my greed and risk. I had a pending short since last week. I made profit yesterday and I rushed to close. It is hard to know when to close and if someone should trade more after making profit. Does it happen to you also? Thank you
I think everyone finds this hard. In my opinion money management is one of the most important aspects of trading.

I try to make my decisions away from the market. I write down my entry, stop loss, take profit and strategy before I open any position. If (like yesterday) I hit a take profit and close a position for a win only to finda few hours later i would have made 300% more I try not to be disappointed. My trade was still valid and I stuck to what I had originally planed rather than being swayed by emotion. I have found in the long run this has stood me well, yes I miss out on a few addition pips here and there but it has saved me far more substantial losses!

Try to use a minimum of a 2:1 risk-reward ratio
  • #340,530
  • May 10, 2013 12:07pm May 10, 2013 12:07pm
This post of mine should kill any bulls left in this thread... for people who were betting that this Upwards Channel that people were expecting this channel to hold as support... you bulls are shit out of luck... and as ive explained before... this channel up is only a retracement channel of the drop from 1.63 down to 1.48... the fact we retraced and find resistance at the 50% fibo of 1.56... you bulls are fucked...
H4 also confirmed a close below the Upwards channel...
Bulls getting slaughered and im the fucking matador....
meet your doom!

See me moving my stop loss lower and lower? i got nothing to lose baby!
funnow how your upwards channel suddenly became the deathly blow in a matter of 2 days.... good bye bulls... see you down at 1.48. im sure plenty will jump in around there....
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,531
  • May 10, 2013 12:11pm May 10, 2013 12:11pm
Quoting fxtyrant
{quote} why ask when you know im not doing nothing until it reaches 1.52?? ahahaha start praying to the gods... ie bones and me AHAHAHA.
all of a sudden you made remember that Stargate show.. you Goa'old you..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,532
  • May 10, 2013 12:17pm May 10, 2013 12:17pm
Quoting baherhosni
{quote} all of a sudden you made remember that Stargate show.. you Goa'old you..
i just comdemned the bull hopers with the chart showing an H4 close below the bottom of the upwards channel they were hoping for...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,533
  • May 10, 2013 12:19pm May 10, 2013 12:19pm
i'm having a memories rush.. am i going to die or something hehe?

i also suddenly realized that i miss seeing posts from faller, poundtrader, ubu and tautrader...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,534
  • May 10, 2013 12:23pm May 10, 2013 12:23pm
Quoting baherhosni
i'm having a memories rush.. am i going to die or something hehe? i also suddenly realized that i miss seeing posts from faller, poundtrader, ubu and tautrader...
yea i dunno what happened to them... basically those guys disappeared a while back when i disappeared as well... i think we all got fed up with the amount of clowns that were here... now that im back, ill see if i can get them to come back... im friends with Ubu and Tau in real... dunno bout faller though....
bbking is hanging abouts in the AUDUSD thread.. and he too is complaining how AUDUSD thread is full of clowns...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,535
  • May 10, 2013 12:29pm May 10, 2013 12:29pm
Quoting fxtyrant
This post of mine should kill any bulls left in this thread... for people who were betting that this Upwards Channel that people were expecting this channel to hold as support... you bulls are shit out of luck... and as ive explained before... this channel up is only a retracement channel of the drop from 1.63 down to 1.48... the fact we retraced and find resistance at the 50% fibo of 1.56... you bulls are fucked... H4 also confirmed a close below the Upwards channel... Bulls getting slaughered and im the fucking matador.... meet your doom!...
oh TP , so you are no so sure ? where is you fuel now?
Attached Image
  • #340,536
  • May 10, 2013 12:31pm May 10, 2013 12:31pm
Quoting scorbetFX
{quote} Thanks for the charts. I see what you mean now - I chose to negate the hammer after PA took out the low of the hammer wick.
After these patterns ,to loss please draw h4 , weelyly look now
What would real trader do ?
What next ,
How tight do you want stop over this h4 candle
Not god ,not at all knowledge , don't be blind and say
I'm not god xx
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,537
  • May 10, 2013 12:36pm May 10, 2013 12:36pm
Quoting -sonny-
{quote} oh TP , so you are no so sure ? where is you fuel now? {image}
buddy... it is not about me being uncertain as i move my SL lower and lower... my trade style is to move SL further and further into positions in the green... so as to Protect my profits.... its all trading 101 for me...
i literally have nothing ot lose now given the fact that if it comes back to hit my SL... i still walk away with 300 pip profit... on 2 trades...
so tell me... do i look like im not sure what im talking about? i mean havent i proved enough over the last 2 days that im not someone to be triffled with?

for me its pretty much the end of the week... gona call up my friends and head down to Soho and pop some champagnes for tonight....
thats pretty much says how this week is over for me... been a great week... next week will be even more interesting. because of the fact of how we broken and are now trading below this upwards channel which bull traders here were so hopeful about.....
where are they now??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,538
  • May 10, 2013 12:59pm May 10, 2013 12:59pm
Quoting fxtyrant
This post of mine should kill any bulls left in this thread... for people who were betting that this Upwards Channel that people were expecting this channel to hold as support... you bulls are shit out of luck... and as ive explained before... this channel up is only a retracement channel of the drop from 1.63 down to 1.48... the fact we retraced and find resistance at the 50% fibo of 1.56... you bulls are fucked... H4 also confirmed a close below the Upwards channel... Bulls getting slaughered and im the fucking matador.... meet your doom!...
I think the technicals are spot on. Almost identical to my chart earlier Lets hope so, be nice to makes some $$$
  • #340,539
  • May 10, 2013 1:44pm May 10, 2013 1:44pm
Right im done for the week so see you all next week folks...
gona head down to Soho now....plenty champagnes to pop tonight
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,540
  • May 10, 2013 2:15pm May 10, 2013 2:15pm
Perfect weekly action & reach gu specially , levels of interests , close so far , correct some before further fall continues .Just breaking the top maintained for some time in vain & so continuation very likely than anything else & strong !!
so can have enough time retake again . probable correction goes to gu 5426/46 limit , eu 3113, gold 1456/60 OK .
happy weekend to all .
fontu
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