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Cable Update (GBPUSD)

  • #347,501
  • Edited 1:44am Sep 26, 2013 1:12am | Edited 1:44am
Sitting idle & just watching , 6038 breaks to 6019 limit for only immediate UP 6133/63 to bresks towards 6380 and if breaks limit then 5955, even 5800, 5740 or down can have the bull option open . lets see how developing at this apparently top while 6381 remain target bull now or then!!
eu, more clearly in bull action towards 3711 , equivalent 6381 gu target, immediate limit for uo 3381 remain at much down, corrected below the last leg up & may ready go up without fear if gets favourable wind.
fontu

4 times trie to update , may be some news time !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #347,502
  • Sep 26, 2013 2:18am Sep 26, 2013 2:18am
It's really BORING...

Waiting for Cable run !
Attached Image
Always looking the GREAT, never left GOOD Point...
  • #347,503
  • Sep 26, 2013 2:21am Sep 26, 2013 2:21am
I learned to accept past chart data are unique brew of circumstances that never repeat hence we must accept the probability that market can turn around south today now or next 1000 pips.
Just because recent high was 6381 does not mean anything meaningful other then that was 2012 high.
In trading, you have to be defensive and aggressive at the same time
  • #347,504
  • Sep 26, 2013 2:30am Sep 26, 2013 2:30am
Quoting Davit
I learned to accept past chart data are unique brew of circumstances that never repeat hence we must accept the probability that market can turn around south today now or next 1000 pips. Just because recent high was 6381 does not mean anything meaningful other then that was 2012 high.

All probabilities D
All posts are my personal opinion
  • #347,505
  • Sep 26, 2013 2:40am Sep 26, 2013 2:40am
Quoting Rtm
{quote} All probabilities D

I am sure everyone has their method of trading however in my humble opinion best way to overcome anxiety of uncertainty is to trade small lots with low leverage but allow maximum distance both sl and tp.
If you have 10k account instead of trading 1lot 1 dollar a pip better to trade .50 .40 .30 size lots.This allows more distance.
In trading, you have to be defensive and aggressive at the same time
  • #347,506
  • Edited 2:54am Sep 26, 2013 2:42am | Edited 2:54am
Quoting PoundTrader
{quote} nothing like gbp/nzd and eur/nzd
EUR/AUD and GBP/AUD ; Another Pairs GOOD too

Well...
It's time to leave GBP/USD and EUR/USD Pairs
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Always looking the GREAT, never left GOOD Point...
  • #347,507
  • Sep 26, 2013 2:45am Sep 26, 2013 2:45am
Quoting Davit
{quote} I am sure everyone has their method of trading however in my humble opinion best way to overcome anxiety of uncertainty is to trade small lots with low leverage but allow maximum distance both sl and tp. If you have 10k account instead of trading 1lot 1 dollar a pip better to trade .50 .40 .30 size lots.This allows more distance.
sure you're right about this Davit, but it kills all the fun of being right
Don't be a hero. Don't have an ego. Always question yourself
  • #347,508
  • Sep 26, 2013 2:54am Sep 26, 2013 2:54am
Quoting USD-Bear
{quote} sure you're right about this Davit, but it kills all the fun of being right

i have got to the stage where getting it right doesnt matter..perhaps course i knew it could have gone the other way quite easily..trading these days is quite a challenge..
  • #347,509
  • Sep 26, 2013 2:55am Sep 26, 2013 2:55am
Quoting USD-Bear
{quote} sure you're right about this Davit, but it kills all the fun of being right

Unfortunately for me my Bear positions are nothing but pathetic far cry from being right.I am disappointed the way I traded.If anything I learned the value of proportional gain vs account size.
This bull run is teaching me painful lessons....
In trading, you have to be defensive and aggressive at the same time
  • #347,510
  • Sep 26, 2013 3:01am Sep 26, 2013 3:01am
GBPUSD starts to go up, very possible that we will reach 1.63 is what I wrote, how do you think?
  • #347,511
  • Sep 26, 2013 3:02am Sep 26, 2013 3:02am
A bullish (> 20 day atr) range daily candle yesterday almost engulfing previous 3 candle bodies on that t/f. Asian session mixec with a bounce up at end and into early London session. At time of writing 1hr in general opa uptrend, 4hr mixed, with daily/weekly in general opa uptrends. Uk data at 0930am London.

G/L
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ex member
  • #347,512
  • Sep 26, 2013 3:03am Sep 26, 2013 3:03am
Quoting nAVIN2007
{quote} i have got to the stage where getting it right doesnt matter..perhaps course i knew it could have gone the other way quite easily..trading these days is quite a challenge..
well nAV that's an unexplored territory for my, still have my emotions on the right and wrong ones, sure it never will be easy
Don't be a hero. Don't have an ego. Always question yourself
  • #347,513
  • Sep 26, 2013 3:07am Sep 26, 2013 3:07am
Final Uk Q2 Gdp # due 0930am London, and any improvement on the 0.7% figure could see more upside for this pairing whilst a downgrade on the final # could see the opposite, on the knee-jerk (+?) react. Uk current a/c data released at same time (0920 London) Then Final U.s Gdp later and the most likely opposite reaction on the knee-jerk (+?) given the scenarios outlined.

G/L
ex member
  • #347,514
  • Sep 26, 2013 3:08am Sep 26, 2013 3:08am
Quoting nAVIN2007
{quote} i have got to the stage where getting it right doesnt matter..perhaps course i knew it could have gone the other way quite easily..trading these days is quite a challenge..

For me its not even about being or being right at all, I dont care about anything but making money from the market. I think the best way to do this is to put all energy and focus into only a couple trades a month and be done.


I need to find a broker here in CAN that will allow me to deposit a decent captial stake to earn a living. Strange rules here only let you deposit so much based on a perceived risk tolerance. Leverage is 50:1 max but I dont care about leverage.
All posts are my personal opinion
  • #347,515
  • Sep 26, 2013 3:20am Sep 26, 2013 3:20am
Quoting Davit
{quote} Unfortunately for me my Bear positions are nothing but pathetic far cry from being right.I am disappointed the way I traded.If anything I learned the value of proportional gain vs account size. This bull run is teaching me painful lessons....
If you can afford it, just sit it out. Patience will finally reward you. I'm in the same boat with you. I have 2 positions running against me (edit: that makes 8% DD atm).
  • #347,516
  • Sep 26, 2013 3:27am Sep 26, 2013 3:27am
RTM - perhaps I am being stupid, but could you deposit $X with your broker and use leverage of 50:1 officially, and deposit $kX at any bank, ready to top up your broker as needed, so that putting the two together you are trading nearer the level you want at leverage of 50:k+1?
  • #347,517
  • Sep 26, 2013 3:31am Sep 26, 2013 3:31am
Quoting Davit
{quote} Unfortunately for me my Bear positions are nothing but pathetic far cry from being right.I am disappointed the way I traded.If anything I learned the value of proportional gain vs account size. This bull run is teaching me painful lessons....
traders sentiment as a contra-indicator often works for me getting a general idea, currently 75% short GU.
As a matter of fact I find psychology elements more and more important in my trades
And indeed what Rtm said, being more selective and trading a few ideas a month, is more then enough.
Don't be a hero. Don't have an ego. Always question yourself
  • #347,518
  • Sep 26, 2013 3:32am Sep 26, 2013 3:32am
looks like leak or earlier news again.
  • #347,519
  • Sep 26, 2013 3:33am Sep 26, 2013 3:33am
Hmmm. Interesting. Dips before news released. UK must had the news at least 5 minutes earlier.
  • #347,520
  • Sep 26, 2013 3:36am Sep 26, 2013 3:36am
Quoting adicerain
RTM - perhaps I am being stupid, but could you deposit $X with your broker and use leverage of 50:1 officially, and deposit $kX at any bank, ready to top up your broker as needed, so that putting the two together you are trading nearer the level you want at leverage of 50:k+1?

Not stupid at all my friend, the problem is they only let me deposit like $X and thats it, once I realize the gains/losses I am done. I have opened an account with a broker in asia will see how it goes to bypass this. My other option is I am going to phone them and try by this because I have been a very active client since 2010, no biggie though.
All posts are my personal opinion
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