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Cable Update (GBPUSD)

  • #344,981
  • Aug 11, 2013 11:29pm Aug 11, 2013 11:29pm
So check 5485 breaks to go for limit 5392 , limit for next up if possible .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,982
  • Edited 12:53am Aug 12, 2013 12:27am | Edited 12:53am
Quoting inpatient
{quote} Oh I see, I didn't know you changed your name. My apologies. Definitely agree with your sentiment on Cable and any further strength this week will likely see me make my first cable trade in a while to enter short if we get toward 1.57 and maybe even anything above 1.563.
@inpatient:



I was just sharing with Davit in his Confluence Forum that it was so nice to meet another trader that trades with limit orders.

I've always found the best way to trade is to find those high probability trades that meets your specifications and wait patiently for the market to come to you.

Brokers want you to day trade because from their standpoint, you the day trader, offers a high probability to them, that it will only be a matter of time before the cash in your account belongs to them.

My limit order on the USD/CHF was triggered last week and i'm long the USD/CHF targeting 0.9400.

I'm patiently waiting on the GBP/USD to come to me and trigger my limit order to short targeting 1.5350



Happy Trading
  • #344,983
  • Edited 1:21am Aug 12, 2013 12:29am | Edited 1:21am
Quoting Faller
{quote} I am still trying to figure a way to block all the B.S. here and only see the posts I would like to read..........there is a lot of shit one has to filter through each day......

i hear u..man we losts a lot of quality people who used to post unfortunately i myself is guilty of posting a lot of bullshit in here..looking to change that too
  • #344,984
  • Aug 12, 2013 1:30am Aug 12, 2013 1:30am
Quoting nAVIN2007
{quote} i hear u..man we losts a lot of quality people who used to post unfortunately i myself is guilty of posting a lot of bullshit in here..looking to change that too

I have been lurking around here nAVIN2007 - have not posted much myself.......

Gald to see you are still around and doing well -

cable is providing us with interesting price action as always.....I have been focusing on aussie latley - some euro...and starting to stalk cable.....

will do my best to keeps the posts on target here as well.....

Faller.
I don't trust any move - when you have profit...take it.
  • #344,985
  • Aug 12, 2013 1:31am Aug 12, 2013 1:31am
Quoting nAVIN2007
{quote} i hear u..man we losts a lot of quality people who used to post unfortunately i myself is guilty of posting a lot of bullshit in here..looking to change that too


ah well we'll bring it back... I think someguys maybe away on summer holiday like me.... but yea at one point my head got so heated up from the stress of trading and studying that I needed this summer break.. glad to have had it, now looking forward to come back to trading and my last year of study in london
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #344,986
  • Aug 12, 2013 1:52am Aug 12, 2013 1:52am
I Think if GBPUSD Daily not high than 1.5565 and down to 1.5355, I'll sell from that, what every one think?
because wave 5 on daly
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MQL4, Amibroker
  • #344,987
  • Aug 12, 2013 2:07am Aug 12, 2013 2:07am
Quoting fxtyrant
{quote} ah well we'll bring it back... I think someguys maybe away on summer holiday like me.... but yea at one point my head got so heated up from the stress of trading and studying that I needed this summer break.. glad to have had it, now looking forward to come back to trading and my last year of study in london
dont worry as traders we mature..im sure a year from now the market will diffuse thou traits and make u strong, u are doing very well ..with time im sure u gonna be an elite trader
  • #344,988
  • Aug 12, 2013 2:08am Aug 12, 2013 2:08am
Quoting Faller
{quote} I have been lurking around here nAVIN2007 - have not posted much myself....... Gald to see you are still around and doing well - cable is providing us with interesting price action as always.....I have been focusing on aussie latley - some euro...and starting to stalk cable..... will do my best to keeps the posts on target here as well..... Faller.
  • #344,989
  • Aug 12, 2013 2:20am Aug 12, 2013 2:20am
G/M,

A current daily lo of 5472 in early London after the bearish Asian session and continued pullback off last week's/Thursday's 5573 hi, and some demand there.

1hr shows the near-term up and downside potential obstacles

No known Uk event risks in the London morning.

G/L
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ex member
  • #344,990
  • Aug 12, 2013 2:23am Aug 12, 2013 2:23am
Quoting nAVIN2007
{quote} dont worry as traders we mature..im sure a year from now the market will diffuse thou traits and make u strong, u are doing very well ..with time im sure u gonna be an elite trader
Ill do my best, last term was incredibly hectic with all the project work that I had to take up.... group works with group members who doesn't do shit so I ended up doing their parts as well....
University Life.... and parents said I should enjoy my university life.... pffft
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #344,991
  • Aug 12, 2013 2:32am Aug 12, 2013 2:32am
Hello Punters

GBP/US last week did a pending short 1550 152 TP

but it zoomed up another 70 pips

Got pissed off as everyone was saying its going 15750

its going to the moon

So went long at 15530

Give me a second while I go kick myself up the ass

for being a dumb ass.
  • #344,992
  • Aug 12, 2013 2:38am Aug 12, 2013 2:38am
Quoting eliteincome
Hello Punters GBP/US last week did a pending short 1550 152 TP but it zoomed up another 70 pips Got pissed off as everyone was saying its going 15750 its going to the moon So went long at 15530 Give me a second while I go kick myself up the ass for being a dumb ass.
lol...yep, the skill is to react with the market and not to the market...
The trend is not your friend, it's your master.
  • #344,993
  • Aug 12, 2013 2:39am Aug 12, 2013 2:39am
Quoting eliteincome
Hello Punters GBP/US last week did a pending short 1550 152 TP but it zoomed up another 70 pips Got pissed off as everyone was saying its going 15750 its going to the moon So went long at 15530 Give me a second while I go kick myself up the ass for being a dumb ass.

Trade your own plan - don't listen to ANYONE - well....listen but make sure you filter....YOU MUST FILTER

took me a long time to know how to FILTER.....

good luck ~

Faller.
I don't trust any move - when you have profit...take it.
  • #344,994
  • Aug 12, 2013 2:43am Aug 12, 2013 2:43am
Quoting Faller
{quote} Trade your own plan - don't listen to ANYONE - well....listen but make sure you filter....YOU MUST FILTER took me a long time to know how to FILTER..... good luck ~ Faller.
Great advice. I don't even look at the forums until I've assessed the market myself, and then only to see if anyone has seen something I haven't.

Happy trading
The trend is not your friend, it's your master.
  • #344,995
  • Aug 12, 2013 2:44am Aug 12, 2013 2:44am
Bad luck or to be less kind - as you know - bad judgement...truth is none of us know what will happen...it could well achieve 5750 ? or it could keep on south ? - no one knows.....so far any attempt at a rally has been met with sellers off that 5573 last week's hi...

There a lot that think they have powers of prediction lol and some even think it is necessary to know what will happen to make money.

G/L

Quoting eliteincome
Hello Punters GBP/US last week did a pending short 1550 152 TP but it zoomed up another 70 pips Got pissed off as everyone was saying its going 15750 its going to the moon So went long at 15530 Give me a second while I go kick myself up the ass for being a dumb ass.
ex member
  • #344,996
  • Aug 12, 2013 2:45am Aug 12, 2013 2:45am
great advice too....and I would add...' to fill the time between set-ups.'

G/L

Quoting Cultured
{quote} Great advice. I don't even look at the forums until I've assessed the market myself, and then only to see if anyone has seen something I haven't. Happy trading
ex member
  • #344,997
  • Aug 12, 2013 2:47am Aug 12, 2013 2:47am
Quoting fxtyrant
{quote} Ill do my best, last term was incredibly hectic with all the project work that I had to take up.... group works with group members who doesn't do shit so I ended up doing their parts as well.... University Life.... and parents said I should enjoy my university life.... pffft

i sure u looked at there work and thought " we cant hand this in"..and ended up doing it yourself
  • #344,998
  • Aug 12, 2013 2:54am Aug 12, 2013 2:54am
Quoting nAVIN2007
{quote} i sure u looked at there work and thought " we cant hand this in"..and ended up doing it yourself
Well its more like, them calling me the day before we hand the stuff in telling me they haven't done their part... why oh why are there these idiots around the world?

BTW, my short call at 1.5570 seems to be working
told ya its gona fall, too bad I didn't take GBPUSD short, rather I took EURUSD short (Monster size) and USDCHF long (Monster Size)
but well if you are well monster shorting GBPUSD last I saw in ur chart... they must be well in profit now
my look for 1.5570-1.5600 for hints to short, worked perfectly with GBPUSD peaked at 1.5574 lol.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #344,999
  • Aug 12, 2013 3:09am Aug 12, 2013 3:09am
There is sooo much place to fall down dear Cable... I'm short from 1.55500
Waiting for harvest time
  • #345,000
  • Aug 12, 2013 3:12am Aug 12, 2013 3:12am
I have updated my GBPUSD chart for those who are interested here:

http://www.forexfactory.com/showthre...13#post6886113
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