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Cable Update (GBPUSD)

  • #346,801
  • Sep 12, 2013 9:28am Sep 12, 2013 9:28am
Quoting Tsar
{quote} Cable too... Watch PA, it seem Down first for Up again
Conform with Candle.

Re-test Resistance again...
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-11_Cable in H1 Chart - False Breakout.jpg Size: 178 KB
Always looking the GREAT, never left GOOD Point...
  • #346,802
  • Sep 12, 2013 9:35am Sep 12, 2013 9:35am
Quoting Mr.C
Hey guys. Cable short from 1,5799 activated. Wish all a nice and profitable day!

Cable SL hit. 0,5% to charity.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #346,803
  • Sep 12, 2013 9:43am Sep 12, 2013 9:43am
Good day,

It is important to me that we get to 1.5845.. very important.

I think on this round - most currency pairs are going to extend recent trading range - we are in for a wobbly. Expect the unexpected. I'm still in shorts but have closed and reopen top position twice already. Took a few on each one on the small retrace - opened again -now wait.

Regards
  • #346,804
  • Sep 12, 2013 9:44am Sep 12, 2013 9:44am
Cable long @ current market price. Targeting 1.5750
  • #346,805
  • Sep 12, 2013 9:44am Sep 12, 2013 9:44am
Quoting _BBKing_
one of very rare times when i like if EU goes up my TP is 100% fib.ext of last swing, no matter what! {image}
Congrat, Bro

By the Way... I didn't WTF for your Chart.
Use it this Indie, will show like my Chart's...
Attached File(s)
File Type: ex4 b-clock_TRO_Modified_Version.ex4   6 KB | 197 downloads
Always looking the GREAT, never left GOOD Point...
  • #346,806
  • Sep 12, 2013 9:47am Sep 12, 2013 9:47am
Quoting Tsar
{quote} Congrat, Bro By the Way... I didn't WTF for your Chart. Use it this Indie, will show like my Chart's... {file}
not using mt4
it's dukas jforex
90% of traders use TA, indicators and prediction
  • #346,807
  • Sep 12, 2013 9:51am Sep 12, 2013 9:51am
Quoting _BBKing_
{quote} not using mt4 it's dukas jforex
Ops... sorry forgot it.

Try search MTF Clock Indie, that's Important to know the Next Candle born :nerd:
Always looking the GREAT, never left GOOD Point...
  • #346,808
  • Sep 12, 2013 10:03am Sep 12, 2013 10:03am
Quoting Tsar
{quote} Ops... sorry forgot it. Try search MTF Clock Indie, that's Important to know the Next Candle born :nerd:

i just use the platform clock
Attached Image (click to enlarge)
Click to Enlarge Name: clock.jpg Size: 30 KB
90% of traders use TA, indicators and prediction
  • #346,809
  • Sep 12, 2013 10:04am Sep 12, 2013 10:04am
Quoting _BBKing_
{quote} not using mt4 it's dukas jforex

hello bbking,

whats indi is it on jforex wich are you are using...and the settings please
  • #346,810
  • Sep 12, 2013 10:18am Sep 12, 2013 10:18am
More upside coming..

Regards
  • #346,811
  • Sep 12, 2013 10:23am Sep 12, 2013 10:23am
Quoting _BBKing_
{quote} i just use the platform clock {image}
Sorry... I mean MTF Candle Clock Indicator
Always looking the GREAT, never left GOOD Point...
  • #346,812
  • Sep 12, 2013 10:29am Sep 12, 2013 10:29am
Quoting TauTrader
More upside coming.. Regards

i think the same ...again 5840 then 5870
  • #346,813
  • Edited 10:42am Sep 12, 2013 10:31am | Edited 10:42am
Checking the top areas gu , do ( more than 1 hr left for this H4 candle /spike up ) or die now /today or next post London open !!
watching with short at & pending above ,
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 28 KB
Click to Enlarge Name: gbpusdh4.png Size: 24 KB
Click to Enlarge Name: gbpusddaily.png Size: 31 KB
Click to Enlarge Name: gbpusdh1.png Size: 25 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #346,814
  • Sep 12, 2013 10:31am Sep 12, 2013 10:31am
Key to rip most benefit is to wait for swing change.I can easily wait a month to reach my target.I know they are lot of scalpers and day traders here and from their perspective price going 30pips against their position is huge.Not with me.I allow even 300pips against my position because I average in my orders and usually top orders are slightly larger.
I trade grid,channels and that is my style and having 20-30% DD is normal in my way of trading.If you do research one of the most successful trading group Turtles often experienced large DD's even as much as 60% but overall their equity curve was up.
I see trading in 2 ways. Spread large swat of Territory with low geared small lots or consolidate large lots in smaller targeted areas.Here is the problem with short SL scalper,day trader mode.If you get your stops hit 5x a day that would be equal of me holding 150pip DD only difference you are out with money and I am not but I carry a greater risk of turning 150pip DD into 300DD.To overcome this I trade starting from key zones therefore feel comfortable with DD.
Having drawdown scares lot of people but in my thinking its either DD or tight SL's which get hit on random basses just about every hour.
This is not new idea.I took it from a book called 'Bird Watching in Lion Country" (Kiwi Trader's favorite book)
In trading, you have to be defensive and aggressive at the same time
  • #346,815
  • Sep 12, 2013 10:34am Sep 12, 2013 10:34am
Quoting 2012fx
{quote} hello bbking, whats indi is it on jforex wich are you are using...and the settings please
Based Price Action & Fibo. He draw it manually...
Always looking the GREAT, never left GOOD Point...
  • #346,816
  • Sep 12, 2013 10:40am Sep 12, 2013 10:40am
Quoting Davit
Key to rip most benefit is to wait for swing change.I can easily wait a month to reach my target.I know they are lot of scalpers and day traders here and from their perspective price going 30pips against their position is huge.Not with me.I allow even 300pips against my position because I average in my orders and usually top orders are slightly larger. I trade grid,channels and that is my style and having 20-30% DD is normal in my way of trading.If you do research one of the most successful trading group Turtles often experienced large DD's even...
sir D,

There will not be a single trader breathing that has not experienced draw down. It is statistically impossible to get a spot on entry every single time. Draw down is part of trading, like a bad debtors book is part of business. I acknowledge that I do not know all the trading jargon floating around. I acknowledge that I am only right 60% of the time ( up from 50%)

We all should stop this bad practice of excluding possibility. Do not comment on another trader's entry - it is his/her business. Period.

Draw down is part of my life - like breathing. I'm used to it.

Trade well

Regards
  • #346,817
  • Sep 12, 2013 10:46am Sep 12, 2013 10:46am
Quoting TauTrader
{quote} sir D, There will not be a single trader breathing that has not experienced draw down. It is statistically impossible to get a spot on entry every single time. Draw down is part of trading, like a bad debtors book is part of business. I acknowledge that I do not know all the trading jargon floating around. I acknowledge that I am only right 60% of the time ( up from 50%) We all should stop this bad practice of excluding possibility. Do not comment on another trader's entry - it is his/her business. Period. Draw down is part of my...
Respect
Loosening is not an option
  • #346,818
  • Sep 12, 2013 10:49am Sep 12, 2013 10:49am
Quoting 2012fx
{quote} i think the same ...again 5840 then 5870

but iam not trust to take a long from here
  • #346,819
  • Sep 12, 2013 10:51am Sep 12, 2013 10:51am
I took a long here, why not. You want to follow the trend?
Well price has been making steady confirmations of uptrend taking place ( pretty obvious) and lots more room to go if you do you research a little. Just because price looks high on a sreen of x time frame should not be a reason to think it is overpriced.
All posts are my personal opinion
  • #346,820
  • Sep 12, 2013 10:51am Sep 12, 2013 10:51am
Quoting 2012fx
{quote} but iam not trust to take a long from here
maybe after london close we can see clearlr
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