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Cable Update (GBPUSD)

  • #345,661
  • Aug 21, 2013 3:25pm Aug 21, 2013 3:25pm
Quoting JeremyWS
looking very bearish now - has turned around quite substantially, a break and we could see 1.55 before too long {image}

need to morrow to be down and stay down..we need a reversal candle or something
  • #345,662
  • Aug 21, 2013 3:26pm Aug 21, 2013 3:26pm
Quoting Ill-b-back
{quote} I haven't taken a short trade for 3 weeks and that one went FUBAR...
great..at least u making money
  • #345,663
  • Aug 21, 2013 3:27pm Aug 21, 2013 3:27pm
Quoting nAVIN2007
{quote} bro f**&k erm to many people whine..u are different..i like that!! variety is he spice of life.. i wish much luck..lets make some money...also f&**k the butcher lets buy some goats stay blessed bro!!

my thoughts exactly......

well said...

Faller.
I don't trust any move - when you have profit...take it.
  • #345,664
  • Aug 21, 2013 3:29pm Aug 21, 2013 3:29pm
Quoting Faller
{quote} my thoughts exactly...... well said... Faller.

  • #345,665
  • Aug 21, 2013 3:36pm Aug 21, 2013 3:36pm
Quoting nAVIN2007
{quote} need to morrow to be down and stay down..we need a reversal candle or something
Whose "we" ma man?
YOU need a reversal candle
he he...
Come with me if you want to live....
  • #345,666
  • Aug 21, 2013 3:37pm Aug 21, 2013 3:37pm
Quoting nAVIN2007
{quote} great..at least u making money
Ahhh just kidding nAV, stay cool...
Come with me if you want to live....
  • #345,667
  • Aug 21, 2013 3:39pm Aug 21, 2013 3:39pm
Quoting JeremyWS
looking very bearish now - has turned around quite substantially, a break and we could see 1.55 before too long {image}
Gartley agrees...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 60 KB
  • #345,668
  • Aug 21, 2013 3:41pm Aug 21, 2013 3:41pm
Quoting Ill-b-back
{quote} Ahhh just kidding nAV, stay cool...

u swine
  • #345,669
  • Aug 21, 2013 5:28pm Aug 21, 2013 5:28pm
I don't like picking tops but:

shorties:

GBP/USD
GBP/CAD
GBP/NZD
GBP/HKD
GBP/DKK
(small stacking lots, will add if more than 8-10 lot hold on each)

-
longs:
GBP/AUD
GBP/NOK
GBP/ZAR
EUR/GBP (gbp buy)
  • #345,670
  • Aug 21, 2013 5:38pm Aug 21, 2013 5:38pm
Quoting openyoureyes
I don't like picking tops but: shorties: GBP/USD GBP/CAD GBP/NZD GBP/HKD GBP/DKK (small stacking lots, will add if more than 8-10 lot hold on each) - longs: GBP/AUD GBP/NOK GBP/ZAR EUR/GBP (gbp buy)
You know those GBPs are just cancelling out right? Your just expensively trading for no reason.
  • #345,671
  • Aug 21, 2013 5:42pm Aug 21, 2013 5:42pm
GU should visit 1.5600 for another time and maybe break that level for a deeper drop, who knows ...
Get Rich or Die Tryin
  • #345,672
  • Aug 21, 2013 5:47pm Aug 21, 2013 5:47pm
Quoting JeremyWS
{quote} You know those GBPs are just cancelling out right? Your just expensively trading for no reason.
holding,
they won't cancel don't worry 1:500 lev.
0.05 lots for start

will stack as soon as each level holds,
positioning for:

friday
Second Estimate GDP q/q

should be negative / not good enough.

anyway these are not blind entries,
I was long since 2 aug.

edit:
first target G/U 1.55666
  • #345,673
  • Aug 21, 2013 5:52pm Aug 21, 2013 5:52pm
@openyoureyes, if your position sizes are the same all the GBP exposure is cancelled out. Regardless of leverage
  • #345,674
  • Aug 21, 2013 5:55pm Aug 21, 2013 5:55pm
Quoting JeremyWS
@openyoureyes, if your position sizes are the same all the GBP exposure is cancelled out. Regardless of leverage
could you please explain this?

each 0.05 trade uses 1:2,5 leverage
as they go into green they are lowered and eventually they use 1:1 leverage each.

they are floating and my margin stop out level is 40% / margin call 100%

how do I get stopped out if half of my trades are green?

I just stacked my 3rd G/U
  • #345,675
  • Aug 21, 2013 5:58pm Aug 21, 2013 5:58pm
my position sizes are same but I stack:
I add more trades if they are + 8/10 pip

if they are -, I either wait for SL / or manual close...
  • #345,676
  • Aug 21, 2013 6:03pm Aug 21, 2013 6:03pm
Quoting openyoureyes
{quote} could you please explain this? each 0.05 trade uses 1:2,5 leverage as they go into green they are lowered and eventually they use 1:1 leverage each. they are floating and my margin stop out level is 40% / margin call 100% how do I get stopped out if half of my trades are green? I just stacked my 3rd G/U
Say I have a 100,000 long in GBPCAD the a 100000 short in GBPAUD then my total exposure is long AUD and short CAD.
So all that has been done is a long AUDCAD trade but paying much more in spread
This is all you have done here, most of the GBPs have cancelled out.
  • #345,677
  • Aug 21, 2013 6:04pm Aug 21, 2013 6:04pm
Hm ok understood...
than I shouldn't include crosses in basket?
  • #345,678
  • Aug 21, 2013 6:56pm Aug 21, 2013 6:56pm
Quoting openyoureyes
I don't like picking tops but: shorties: GBP/USD GBP/CAD GBP/NZD GBP/HKD GBP/DKK (small stacking lots, will add if more than 8-10 lot hold on each) - longs: GBP/AUD GBP/NOK GBP/ZAR EUR/GBP (gbp buy)
short:
GBP/USD
GBP/HKD
GBP/CAD
GBP/JPY
GBP/DKK
GBP/CHF
=
~10-20 pips
green

stacking more...

edit:
out of trade + closed + did not enter trade shorts: GBP/ZAR - GBP/HUF - GBP/PLN - GBP/NZD - GBP/AUD
  • #345,679
  • Aug 21, 2013 8:03pm Aug 21, 2013 8:03pm
This slow motion - falling stuff is too much. But...as long as the green piperoonies keep on a cummin'...... take all the time in the world baby..... ALL THE TIME IN THE WORLD.
  • #345,680
  • Aug 21, 2013 8:24pm Aug 21, 2013 8:24pm
I went short 15 minutes ago..

On D1/H4 basis..


Will see was it the right decision tomorrow..

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