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Cable Update (GBPUSD)

  • #357,501
  • Jan 7, 2014 6:47am Jan 7, 2014 6:47am
Quoting namitak007
okay! shorted @1.6425 tp 1.6375

Why?

WATCH OUT for NY to bring some whipsaw
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@pawpaw1000 on Twitter
  • #357,502
  • Jan 7, 2014 6:55am Jan 7, 2014 6:55am
Just about to go long here GBPCAD amazing uptrend anyone?
All posts are my personal opinion
  • #357,503
  • Jan 7, 2014 6:55am Jan 7, 2014 6:55am
Quoting pawpaw1000
{quote} Why? WATCH OUT for NY to bring some whipsaw {image}

saw the opportunity, got my signal, opened the position! just 0.1 lots! nothing to worry for me!
  • #357,504
  • Jan 7, 2014 6:58am Jan 7, 2014 6:58am
Quoting namitak007
{quote} saw the opportunity, got my signal, opened the position! just 0.1 lots! nothing to worry for me!


Would be nice of you to share some of your train of thought here seeing as this is a place for people to SHARE and LEARN, hence my question ;-)

BTW, Looks like we might go down some more short term looking at the formation on M5

EDIT: 6402 will be the man here
@pawpaw1000 on Twitter
  • #357,505
  • Jan 7, 2014 7:01am Jan 7, 2014 7:01am
Quoting pawpaw1000
Would be nice of you to share some of your train of thought here seeing as this is a place for people to SHARE and LEARN
Learn this : 4 pip SL bang on LO is a bad idea.
  • #357,506
  • Jan 7, 2014 7:02am Jan 7, 2014 7:02am
Quoting pawpaw1000
{quote} Would be nice of you to share some of your train of thought here seeing as this is a place for people to SHARE and LEARN, hence my question ;-) BTW, Looks like we might go down some more short term looking at the formation on M5

well as you can see my previous posts, I shared lot of my set ups with charts with people here. But didn't got any response so stopped doing that! Why to take screenshots, put efforts to add your opinion on the charts and post them while no one cares? lol! so stopped doing that!

anyways will be looking for 1.639x 1st if stands good the target for me will be 1.6375
  • #357,507
  • Jan 7, 2014 7:04am Jan 7, 2014 7:04am
Quoting chazzle
{quote} Learn this : 4 pip SL bang on LO is a bad idea.


I do it quite often through the day btw... LO included.

Things are only impossible if you think they are ;-)

Was an old man here once who taught me that :-)

EDIT: BTW, if I had put it lower, lets say 80, I would have got stopped anyways. I had to leave and so took the smallest stop to still be right. Like I explained, If I'm wrong, I take the loss and re-enter lower. WHY TAKE 15 PIP STOP WHEN YOU CAN HAVE 4?
@pawpaw1000 on Twitter
  • #357,508
  • Jan 7, 2014 7:05am Jan 7, 2014 7:05am
Quoting namitak007
{quote} well as you can see my previous posts, I shared lot of my set ups with charts with people here. But didn't got any response so stopped doing that! Why to take screenshots, put efforts to add your opinion on the charts and post them while no one cares? lol! so stopped doing that! anyways will be looking for 1.639x 1st if stands good the target for me will be 1.6375
Great, I got 6391 as DP and 6402 as important support.

Thanks for sharing
@pawpaw1000 on Twitter
  • #357,509
  • Jan 7, 2014 7:10am Jan 7, 2014 7:10am
Quoting pawpaw1000
WHY TAKE 15 PIP STOP WHEN YOU CAN HAVE 4?
at London Open? I'm not even going to answer that ...
  • #357,510
  • Jan 7, 2014 7:11am Jan 7, 2014 7:11am
Quoting pawpaw1000
{quote} I do it quite often through the day btw... LO included. Things are only impossible if you think they are ;-) Was an old man here once who taught me that :-) EDIT: BTW, if I had put it lower, lets say 80, I would have got stopped anyways. I had to leave and so took the smallest stop to still be right. Like I explained, If I'm wrong, I take the loss and re-enter lower. WHY TAKE 15 PIP STOP WHEN YOU CAN HAVE 4?
well I do respect every one's strategy but imo 4 pip SL is too tight. and the way cable doing these few weeks, i would say it's just can turn into burning money instead of earning!

Anyways I am glad you did great on it
  • #357,511
  • Jan 7, 2014 7:11am Jan 7, 2014 7:11am
Quoting chazzle
{quote} at London Open? I'm not even going to answer that ...

agreed!
  • #357,512
  • Jan 7, 2014 7:11am Jan 7, 2014 7:11am
Quoting chazzle
{quote} at London Open? I'm not even going to answer that ...



Ok, how about trading news with a 4 pip stop?
@pawpaw1000 on Twitter
  • #357,513
  • Jan 7, 2014 7:14am Jan 7, 2014 7:14am
Anybody notice a flat bottom triangle forming ?
  • #357,514
  • Jan 7, 2014 7:18am Jan 7, 2014 7:18am
Quoting cloggie
{quote} You got it, fake 'n shake, let it settle and get in, you can have stops as tight as 3 pips doing that, just imagine the r:r ratios on those trades, the best fun you can have with your clothes on legally. Wonder how our nedge boy is doing, puckering comes to mind. {image}
I learnt from someone who actually knew what he was doing ;-)
@pawpaw1000 on Twitter
  • #357,515
  • Jan 7, 2014 7:18am Jan 7, 2014 7:18am
Quoting pawpaw1000
{quote} Ok, how about trading news with a 4 pip stop?
what are we talking PawPaw? FOMC ? BRC Shop Price Index?
  • #357,516
  • Jan 7, 2014 7:20am Jan 7, 2014 7:20am
Quoting chazzle
{quote} what are we talking PawPaw? FOMC ? BRC Shop Price Index?


Any and all... Not going to get into it. Sorry for starting sh!t...

Let's just get back to the asylum here :-)
@pawpaw1000 on Twitter
  • #357,517
  • Jan 7, 2014 7:22am Jan 7, 2014 7:22am
Quoting pawpaw1000
{quote} I learnt from someone who actually knew what he was doing ;-)
then it might pay you to apply it in the correct context

Quoting cloggie
You got it, fake 'n shake, let it settle and get in, you can have stops as tight as 3 pips doing that
  • #357,518
  • Jan 7, 2014 7:23am Jan 7, 2014 7:23am
anyways anyone hunting NU along with cable? I am short @0.83 with tp around 40 pips
  • #357,519
  • Jan 7, 2014 7:23am Jan 7, 2014 7:23am
Quoting chazzle
{quote} then it might pay you to apply it in the correct context {quote}

No worries... Back to the mine...
@pawpaw1000 on Twitter
  • #357,520
  • Jan 7, 2014 7:29am Jan 7, 2014 7:29am
Quoting namitak007
anyways anyone hunting NU along with cable? I am short @0.83 with tp around 40 pips
I like that pair on the dailys...but right now looking at Euro/Jpy on the Hrly
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