Also short @1.5607
Cable Update (GBPUSD)
- #342,542
- Jun 11, 2013 1:05pm Jun 11, 2013 1:05pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #342,545
- Jun 11, 2013 5:55pm Jun 11, 2013 5:55pm
- Joined Jan 2011 | Status: dump and pump | 4,055 Posts
All posts are my personal opinion
- #342,546
- Jun 11, 2013 9:38pm Jun 11, 2013 9:38pm
{quote} No one bothers to respond to your solicitation. It seems that everybody is occupied with his/her own worries and hopes right nowIf you are really a novice, I don't think this thread is a good place to start. As you has probably already noticed, there are many kind of traders with their very own style here, vary from the timeframe, the tools, or any other aspects, you name it. But I don't think, that you are really that new. You are talking about MACD, RLW, and chasing 200 pips .. wow .. Many new traders that I know of, don't have the...
Thanks for your response. Your right, i do need to look into being more precise on my indicator setting, thanks for the heads up I am now going to look into this. I have just been using out of the box factory settings thus far. I take it the best method is trail and error? i.e just go through the settings one by one on the currency pair i am trading and see what fits my thinking best
.You made me laugh questioning my novice status, as you are on the ball. I have been interested in this subject for many years, picking it up for a couple months then forgetting it for a while and on and on. The truth is i have never been successful so far or made any consistent money, and this is whats it about in the end. So I still class myself as a novice/newbie.
However lately I decided i need a hobby, so I am trying to pick this up again .lol. I think in the past I have been my own worst enemy and looked at to many strategies and methods that i have confused the hell out of myself.
I guess that was what my last post was about. Using a simple strategy and seeing what people thought! even though different people may be long or short at the same time, no one said the strategy couldn't work, so i sort of taken it as a positive.
Also I am trying to get rid of this 'do or die' thinking in my head. As I am long on gbp/usd at the moment, I have just moved my stop loss up to 15580 securing 40 points. Well of my 150-200 point target, however in the past i would rather risk my whole stop loss 170 points than take 40 for example, and i have been caught out by this more times than i care to think (so stupid i know
). So I guess i am a bit pleased about that at the moment, now just gonna watch what happens to the news due shortly.Anyways many thanks and hope your trades go well.
Safety First
- #342,547
- Jun 11, 2013 9:40pm Jun 11, 2013 9:40pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #342,548
- Jun 11, 2013 9:50pm Jun 11, 2013 9:50pm
- | Joined Dec 2011 | Status: Rags to riches | 1,316 Posts
Money never sleeps...
- #342,549
- Jun 11, 2013 10:37pm Jun 11, 2013 10:37pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #342,550
- Jun 11, 2013 10:46pm Jun 11, 2013 10:46pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Trying Long @ 1.5645 Stop @ 1.5580 TP : Open
Momentum still strong isn't it and we are still headbutting that broken weekly TL.
I am watching 5565 area for a possible bounce up (following PA of course)
If we get another hit of crap Pound news, we may get back down there.
Come with me if you want to live....
- #342,551
- Jun 11, 2013 10:51pm Jun 11, 2013 10:51pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
{quote} Hi Sir Mindset,
Yes,still strong and we have a daily close above resistance yesterday after consolidate for a 3 days and 4H also bounce from the R,seem the upmove would resuming again,if everything going good then 1.5751 above might be the next target
hopes everything is fine there sir
stay health and happy always
If there was easy money lying around,no one would be forcing it into your
- #342,552
- Jun 11, 2013 10:59pm Jun 11, 2013 10:59pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
{quote} Hi Sir IIback, Yes,still strong and we have a daily close above resistance yesterday after consolidate for a 3 days and 4H also bounce from the R,seem the upmove would resuming again,if everything going good then 1.5751 above might be the next target hopes everything is fine there sir stay health and happy always
Just published my post as I saw your SL was just above an area of my interest at 5565.
Just another view.
Take care mate.
Come with me if you want to live....
- #342,553
- Jun 11, 2013 11:24pm Jun 11, 2013 11:24pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #342,554
- Jun 12, 2013 12:00am Jun 12, 2013 12:00am
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
Having a late night snack before I hit the sheets ..
- #342,555
- Jun 12, 2013 1:07am Jun 12, 2013 1:07am
{quote} Hey Ri Dwe, Thanks for your response. Your right, i do need to look into being more precise on my indicator setting, thanks for the heads up I am now going to look into this. I have just been using out of the box factory settings thus far. I take it the best method is trail and error? i.e just go through the settings one by one on the currency pair i am trading and see what fits my thinking best
Make it simple, but not simpler - Einstein
- #342,556
- Jun 12, 2013 1:14am Jun 12, 2013 1:14am
Daily candle has closed above monthly R2 (1.563), and this pair is in a range since the open and appears to be squaring off for a rally to 1.574/6 or even higher to 1.582 (daily R3), which I'll see as a false breakout to weekly R2, or TL if you prefer. But then it will be the top, about 600 pips away from the bottom, my average monthly strike. Like previous month, the driving power behind the trend will be exhausted after 600 pips (1.56-1.50 in previous case) and will take a rest.
In that case we have to adjust the pullback target, as the 50% Fibo would be shifted to 1.541. Still in range of my target (1.542-1.538) though.
All posters are bullish except Fontu. But he's talking about gold, so he doesn't count .. not good actually, as opposite view, however annoying it is, make us aware of possible change.
In that case we have to adjust the pullback target, as the 50% Fibo would be shifted to 1.541. Still in range of my target (1.542-1.538) though.
All posters are bullish except Fontu. But he's talking about gold, so he doesn't count
.. not good actually, as opposite view, however annoying it is, make us aware of possible change.
Make it simple, but not simpler - Einstein
-Here we can see (daily chart) the up going trendline resisting the price, after braking it and now its coming back for testing!!
-Here I'm using the Andrew's Pitchfork, the price got back to the "median line" and broke it north.
-Here using fibonacci numbers, price already broke the downer trendline at 38.2 fibo, and now the price its above last high (1.5602) at 50% fibonacci!
I bought it when it was 1.5547 i think it will go up strongly with some downer waves..
Success is getting up everytime you fall, faliure is refusing to get up! -F
- #342,560
- Jun 12, 2013 3:31am Jun 12, 2013 3:31am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Good day, Just popping in to see how you are all doing? Still some familiar faces. We are approaching a turning point to the downside, in my opinion. A top - so to speak. I've placed my short @ 1.5603 with follow ups if need be. Will speak soon. Regards
Ghost Rider - WWTBMD?