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Cable Update (GBPUSD)

  • #345,701
  • Aug 22, 2013 5:37am Aug 22, 2013 5:37am
Quoting Ill-b-back
{quote} We have triggered Barklays 5580 buy limit so I'm thinking we go down and retest the broken weekly TL tripping their 5490 SL on the way then zoom back up and trip Morgan & Stanley's 5750 SL. bwwwaaahhhaaaaa lol...
Oke, in other words, barklays publish the trading call just to make traders will be slaughtered ......mostly like this, full of trap... I am agree, better to believe our own trading plan rather than published rubbish trading call ....
  • #345,702
  • Aug 22, 2013 5:57am Aug 22, 2013 5:57am
Quoting salman14
GBP/USD Hourly Chart : {image}
Good one , am still in the trade , giving 133 green.
  • #345,703
  • Aug 22, 2013 6:13am Aug 22, 2013 6:13am
Quoting salman14
{quote} Good one , am still in the trade , giving 133 green.
What is the trade?

I don't see it on the chart and you mention no numbers; are you just patting yourself on the back here for all the and we don't not even know why?

IDK
It takes a lot for me to IGNORE you, but you can try.
  • #345,704
  • Aug 22, 2013 6:19am Aug 22, 2013 6:19am
Quoting TauTrader
{quote} Shorter term though, I'm positioning for 1.5576 over coming weeks.
Good day,

Arrived quite quickly. Watching the above mentioned level. Next key area down will be 1.54860. But 1.5576 may call it back - even hold it in the end.

To the upside - 1.5683 again.

Trade well
  • #345,705
  • Aug 22, 2013 6:20am Aug 22, 2013 6:20am
Quoting Red Alert
{quote} Oke, in other words, barklays publish the trading call just to make traders will be slaughtered ......mostly like this, full of trap... I am agree, better to believe our own trading plan rather than published rubbish trading call ....
Based on historical BS data, there is actually a high probability of the plan unfolding.

Never seen a FF published bank trade call hit profit target and I doubt I ever will...

Lots of SL's though
Come with me if you want to live....
  • #345,706
  • Aug 22, 2013 6:27am Aug 22, 2013 6:27am
looks like we all pretty much nailed that one huh? market is still trading even and light around the 5550 region ... building 120% additional long retail side ... this generally is the case for support and resistance breaks .. I expect to go further down... but who doesnt right
  • #345,707
  • Aug 22, 2013 6:56am Aug 22, 2013 6:56am
Quoting domino
looks like we all pretty much nailed that one huh? market is still trading even and light around the 5550 region ... building 120% additional long retail side ... this generally is the case for support and resistance breaks .. I expect to go further down... but who doesnt right
Mr.D -

I'm not so sure... I'm not very bright.. so I'm trying to figure out where we are. I am in no GU trade at present, as I only allow myself to short for now - but we are too low for my liking..

Will have to see..
  • #345,708
  • Aug 22, 2013 7:10am Aug 22, 2013 7:10am
Quoting TauTrader
{quote} Mr.D - I'm not so sure... I'm not very bright.. so I'm trying to figure out where we are. I am in no GU trade at present, as I only allow myself to short for now - but we are too low for my liking.. Will have to see..

Mr T taugames is live account or demo?
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  • #345,709
  • Aug 22, 2013 7:29am Aug 22, 2013 7:29am
Quoting nAVIN2007
{quote} Mr T taugames is live account or demo? {image}
Good day to you, Nav

It is an important demo account. I do have a small live that I trade. I have posted this a few times. It is my holiday money. I attempt to make enough through the year to pay for 10 days vacation every year. Free of charge - so to speak.

The demo account can be/will be frowned upon by many saying - yes, but what about slippage, fill, emotions etc - it's only a demo. I am saying this is the next big step for me. I trade this demo conservatively with very small risk at a time - like I would do with a live account. I'm not racing. The reason for the demo is to make me comfortable with a larger pot. Make me comfortable to see the amounts in red and green as well as make me comfortable with the lot sizes and the risk. This will, in my mind, prepare me better for a larger live account. As that is the ultimate plan.

I know myself - and for me, this is the right way to take the next step.

Regards
  • #345,710
  • Aug 22, 2013 7:36am Aug 22, 2013 7:36am
Quoting TauTrader
{quote} Mr.D - I'm not so sure... I'm not very bright.. so I'm trying to figure out where we are. I am in no GU trade at present, as I only allow myself to short for now - but we are too low for my liking.. Will have to see..
Tau trader when playing these long term break/trend reversals I like to build multiple positions through the move .. and when we get to that low hitting support with liquidity and volume increasing I strip the lower part of my positions as I can trade FILO still due to accounting from my broker and protect the upper with stop losses at break even for each position. That way as I expect another leg to occur but think we are currently over sold I can resell into the coming strength enhancing my profits and not letting any positions fluctuate at a loss.

I suspect we will find momentary support here until next week... and will trigger the weekly pinbar formation from resistance creating massive downside movements correlated with downside movement in stocks as well..but what do I know most people would call me a crackpot lol

Its important to watch these waves of buy orders come into the market at 5550 because they will be the main movement and extension lower as long as they don't get too big ... they are perfectly balanced right now for move stop running
  • #345,711
  • Aug 22, 2013 7:42am Aug 22, 2013 7:42am
Quoting domino
{quote} Tau trader when playing these long term break/trend reversals I like to build multiple positions through the move .. and when we get to that low hitting support with liquidity and volume increasing I strip the lower part of my positions as I can trade FILO still due to accounting from my broker and protect the upper with stop losses at break even for each position. That way as I expect another leg to occur but think we are currently over sold I can resell into the coming strength enhancing my profits and not letting any positions fluctuate...
Mr.D,

I trade in similar fashion. Davit I know trades the same. I assume you place equal sized entries as you build these multiples? Or do you increase position size at a predetermined and planned ratio?

Regards
  • #345,712
  • Aug 22, 2013 7:45am Aug 22, 2013 7:45am
Quoting Ill-b-back
{quote} Based on historical BS data, there is actually a high probability of the plan unfolding. Never seen a FF published bank trade call hit profit target and I doubt I ever will... Lots of SL's though
Hi Mate, yes you right......., so this is perfect call but play the opposite , .......i remember my friend told me the easiest way to make profit constantly is just find the trader with constantly lost every month, and play the opposite, so you will clearly make profit .......


Regards
RA
  • #345,713
  • Aug 22, 2013 7:48am Aug 22, 2013 7:48am
Quoting Red Alert
{quote} Hi Mate, yes you right......., so this is perfect call but play the opposite , .......i remember my friend told me the easiest way to make profit constantly is just find the trader with constantly lost every month, and play the opposite, so you will clearly make profit ....... Regards RA
good day to you, Red Alert..

OK - now I understand why you take the opposite of what I post. Hmmm..

Regards
  • #345,714
  • Aug 22, 2013 7:55am Aug 22, 2013 7:55am
Quoting TauTrader
{quote} good day to you, Red Alert.. OK - now I understand why you take the opposite of what I post. Hmmm.. Regards
Dear Mr. Tau Trader

Good day to you sir,

No...No....I really didn't mean like that,
but that is so funny..............

I know you are a good trader with high quality analysis....
Seems like it will side ways, giving the chance for buyers and sellers to make money....good luck
Best regards
RA
  • #345,715
  • Aug 22, 2013 8:01am Aug 22, 2013 8:01am
Quoting TauTrader
{quote} Mr.D, I trade in similar fashion. Davit I know trades the same. I assume you place equal sized entries as you build these multiples? Or do you increase position size at a predetermined and planned ratio? Regards
It doesnt matter honestly statistically theyll all balance out in the end, but I do it for my clients who hate to see - floating pnl ... try trading 120 accounts with full transparency .. every tick in negative floating positions I get a thousand calls lol.. the equity millipede style .. increasing snowball style .. and etc generally all balance out over infinite amount of trades( there is no actual benefit from doing this ) I do it only for my clients minds.
  • #345,716
  • Aug 22, 2013 8:05am Aug 22, 2013 8:05am
Quoting domino
{quote} It doesnt matter honestly statistically theyll all balance out in the end, but I do it for my clients who hate to see - floating pnl ... try trading 120 accounts with full transparency .. every tick in negative floating positions I get a thousand calls lol.. the equity millipede style .. increasing snowball style .. and etc generally all balance out over infinite amount of trades( there is no actual benefit from doing this ) I do it only for my clients minds.
Good day to you, D

Got it. Thank you for entertaining my question. Appreciated.

May you prosper

regards
  • #345,717
  • Aug 22, 2013 8:11am Aug 22, 2013 8:11am
Quoting Red Alert
{quote} Dear Mr. Tau Trader Good day to you sir, No...No....I really didn't mean like that, but that is so funny.............. I know you are a good trader with high quality analysis.... Seems like it will side ways, giving the chance for buyers and sellers to make money....good luck Best regards RA
Sir RA,

I know what you meant.. (f*ck - I hope I know)..

We need to have fun too.

regards
  • #345,718
  • Aug 22, 2013 9:44am Aug 22, 2013 9:44am
gravitation forces pushing toward low 1.55, a fierce force might take it just below 1.539s as i said before.
but still trend s up D1
  • #345,719
  • Aug 22, 2013 9:45am Aug 22, 2013 9:45am
Quoting Fx-gtg
gravitation forces pushing toward low 1.55, a fierce force might take it just below 1.539s as i said before. but still trend s up D1
zoom out ... long term trend is down.. mid term trend is down.. and near term trend just changed to down...
  • #345,720
  • Aug 22, 2013 9:47am Aug 22, 2013 9:47am
Quoting domino
{quote} zoom out ... long term trend is down.. mid term trend is down.. and near term trend just changed to down...
I do agree .

Having checked both cable and fiber, the pairs are strongly bearish.
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