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Cable Update (GBPUSD)

  • #350,241
  • Oct 24, 2013 6:12am Oct 24, 2013 6:12am
Here are the 2 most important things traders should remember:

- Money management can be entry to winners
- Adding to losers is a disaster to come (unless it is part of a well documented plan)
New voice message: Why are you calling me? If I need you, I'll call you!
  • #350,242
  • Oct 24, 2013 6:20am Oct 24, 2013 6:20am
Quoting KillerWhale
Here are the 2 most important things traders should remember: - Money management can be entry to winners - Adding to losers is a disaster to come (unless it is part of a well documented plan)
If they are the most important thing in fx I will eat my hat.
  • #350,243
  • Oct 24, 2013 6:24am Oct 24, 2013 6:24am
I'm short cable 1.6165, cable is due a big drop.Gbp index is going to weaken.
  • #350,244
  • Oct 24, 2013 6:25am Oct 24, 2013 6:25am
Quoting KillerWhale
I wonder why the Euro is so strong
Euro in H4 Chart...
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-24_Euro in H4 Chart.jpg Size: 213 KB
Always looking the GREAT, never left GOOD Point...
  • #350,245
  • Oct 24, 2013 6:28am Oct 24, 2013 6:28am
Quoting Tsar
{quote} You're not Right There is in TRADE... nothing OVERSOLD or OVERBOUGHT (again) And ALL Program for these has been removed by Coders. It's a Long time ago... Changes with SUPPLY and DEMAND Program
hmm monitoring oversold and overbought areas is not a bad idea, of course you wouldnt take a trade accoridngly but it's a good indication of possible retracement! for example, when RSI of a pair is between 5 - 10 and the same pair is been dumped, you know it isnt a good time to sell, rather wait for it to come a bit higher (of course it will be acompnaied with a PA retrace) and then take the short.
  • #350,246
  • Oct 24, 2013 6:29am Oct 24, 2013 6:29am
Quoting Tsar
{quote} Euro in H4 Chart... {image}
why the doji is bullish signal?
  • #350,247
  • Oct 24, 2013 6:29am Oct 24, 2013 6:29am
Quoting Tsar
{quote} Hi suthmo, May I ask you... why you take LONG for Cable ? What's your reason and can give the Chart... It's Better
No Answer...
Always looking the GREAT, never left GOOD Point...
  • #350,248
  • Oct 24, 2013 6:30am Oct 24, 2013 6:30am
Quoting fxmasterdxb
{quote} hmm monitoring oversold and overbought areas is not a bad idea, of course you wouldnt take a trade accoridngly but it's a good indication of possible retracement! for example, when RSI of a pair is between 5 - 10 and the same pair is been dumped, you know it isnt a good time to sell, rather wait for it to come a bit higher (of course it will be acompnaied with a PA retrace) and then take the short.
Good Comment
Always looking the GREAT, never left GOOD Point...
  • #350,249
  • Oct 24, 2013 6:31am Oct 24, 2013 6:31am
Quoting okanemici
I'm short cable 1.6165, cable is due a big drop.Gbp index is going to weaken.
I am holding my shorts until Mark Carney speaks in abt 5-hours time, central bankers recently had an inclination to speak bad of their own currencies to try and force some depreciation. After that, I don't think I'll have the balls to hold a short before the GDP release so I'm likely to take profit (if I still have any).
  • #350,250
  • Oct 24, 2013 6:31am Oct 24, 2013 6:31am
GU look like going down for more in my view..EU for now flatting

GL all
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when GOD brings you a challenge he also gives you the power to deal with it
  • #350,251
  • Oct 24, 2013 6:33am Oct 24, 2013 6:33am
Quoting Pumpndump
{quote} If they are the most important thing in fx I will eat my hat.
what is more impt?


only thing i would add is:- if u make a trade whatever yur risk is make sure u can at least meet the same pip reward
  • #350,252
  • Oct 24, 2013 6:33am Oct 24, 2013 6:33am
Quoting nAVIN2007
im confused CBI Industrial Order Expectations comes in at -4 and yet an news post says this is optimistic..wtf..am i missing something? any1 wanna explain this to me

  • #350,253
  • Oct 24, 2013 6:37am Oct 24, 2013 6:37am
Quoting Pumpndump
{quote} If they are the most important thing in fx I will eat my hat.
Very dumb reaction
New voice message: Why are you calling me? If I need you, I'll call you!
  • #350,254
  • Oct 24, 2013 6:38am Oct 24, 2013 6:38am
Quoting 81raffae
{quote} why the doji is bullish signal?
Take a view from the previous 2 Candles moved UP and the Candle' position after DOJI is BULL.

And the Opposite is BEAR
Always looking the GREAT, never left GOOD Point...
  • #350,255
  • Oct 24, 2013 6:38am Oct 24, 2013 6:38am
Quoting giveachance
{quote}

whats so funny?
  • #350,256
  • Oct 24, 2013 6:40am Oct 24, 2013 6:40am
Quoting nAVIN2007
{quote} what is more impt? only thing i would add is:- if u make a trade whatever yur risk is make sure u can at least meet the same pip reward
Are you taken LONG or SHORT ???
Always looking the GREAT, never left GOOD Point...
  • #350,257
  • Oct 24, 2013 6:43am Oct 24, 2013 6:43am
Quoting nAVIN2007
{quote} what is more impt? only thing i would add is:- if u make a trade whatever yur risk is make sure u can at least meet the same pip reward
Everyone can have a different opinion, but rr is my most important
  • #350,258
  • Oct 24, 2013 6:44am Oct 24, 2013 6:44am
Quoting Pumpndump
{quote} If they are the most important thing in fx I will eat my hat.
Are you keep your Promised ?

Another is PATIENCE, EMOTION and AMBITION
Always looking the GREAT, never left GOOD Point...
  • #350,259
  • Oct 24, 2013 6:45am Oct 24, 2013 6:45am
Launch sequence activated.
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Founder of Sutherland Wave Principle
  • #350,260
  • Oct 24, 2013 6:46am Oct 24, 2013 6:46am
Quoting KillerWhale
{quote} Very dumb reaction
That's what comes of drinking too much cognac. Someone made a fantastic post earlier (rr) I mean.
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