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Cable Update (GBPUSD)

  • #360,661
  • Jan 24, 2014 2:14pm Jan 24, 2014 2:14pm
lol cool mucho respect Jimmy


Quoting JimmyC
{quote} I'm not trading it... I had a 2000 pip profit on Cable (long) ... So I'm probably jaded right now (feel free to ignore me I've done too well here) I'm now focussed on EM Markets short JSE T40 I was long Rand to 11 and am looking for a long Gold SA40 Index chart for reference target is 36000 I'm short 42080 Time to sleep... G/L mate {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #360,662
  • Jan 24, 2014 2:14pm Jan 24, 2014 2:14pm
Quoting elbert3
{quote} well done that man i will watch for a long setup,good luck
thanks and good luck to you, too!
have a nice we
skol!
fortis fortuna adiuvat
  • #360,663
  • Jan 24, 2014 2:15pm Jan 24, 2014 2:15pm
Quoting GlobalMacro
{quote} Hi Tony, We are now 200 pips higher than the last "broken" trendline even despite the fall today, my friend. Not to mention the multi-year high reached today @ 1.6669 .
hi did you see my chart i posted about 4 o clock hit all the targets up and down 360 pips 2 days sorry but i just have to tell someone i hope you were in the same short, one of the traders question my short at 6610 but i stuck with it.
  • #360,664
  • Jan 24, 2014 2:15pm Jan 24, 2014 2:15pm
Quoting JimmyC
{quote} I'm not trading it... I had a 2000 pip profit on Cable (long) ... So I'm probably jaded right now (feel free to ignore me I've done too well here) I'm now focussed on EM Markets short JSE T40 I was long Rand to 11 and am looking for a long Gold SA40 Index chart for reference target is 36000 I'm short 42080 Time to sleep... G/L mate {image}

Not picking on you put you had less then 300pip profit.You are counting 5digits which is meaningless.If I count the way you count I made over 20k pips this month shorting cable
If I recall you went long 6350'sh and took profit 6650's more or less.How is this 2k pips
In trading, you have to be defensive and aggressive at the same time
  • #360,665
  • Jan 24, 2014 2:16pm Jan 24, 2014 2:16pm
Quoting Ken A
{quote} Worry not. They will show up when PA drops -50 -100 pips with "I told you so"
Here we go...You're a genious man
Hear the music before the song is over ...
  • #360,666
  • Jan 24, 2014 2:20pm Jan 24, 2014 2:20pm
Hi G ,I don't actually trust tl ,I must admit , a break is not good enough as there unreliable ,

Im just looking at location now ,consolidation zone ,where price can move like a ping pong ball ,200pis higher but within box ,nothing changed
top of range another w1 wick to north


Quoting GlobalMacro
{quote} Hi Tony, We are now 200 pips higher than the last "broken" trendline even despite the fall today, my friend. Not to mention the multi-year high reached today @ 1.6669 .
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #360,667
  • Jan 24, 2014 2:20pm Jan 24, 2014 2:20pm
Quoting JimmyC
{quote} I'm not trading it... I had a 2000 pip profit on Cable (long) ... So I'm probably jaded right now (feel free to ignore me I've done too well here) I'm now focussed on EM Markets short JSE T40 I was long Rand to 11 and am looking for a long Gold SA40 Index chart for reference target is 36000 I'm short 42080 Time to sleep... G/L mate {image}
congratutations to 2000 (!) pips! never done that, i´m a scalper and daytrader. i´m happy that the market has plenty of chances to any style of trading, no matter which direction.
cheers
fortis fortuna adiuvat
  • #360,668
  • Jan 24, 2014 2:22pm Jan 24, 2014 2:22pm
Quoting elbert3
{quote} hi did you see my chart i posted about 4 o clock hit all the targets up and down 360 pips 2 days sorry but i just have to tell someone i hope you were in the same short, one of the traders question my short at 6610 but i stuck with it.
I didn't take any shorts but I exited my long position yesterday.

Billy, don't worry about what others say, most of them don't even put up their trades beforehand....just hot air anyway.

Well done man.
Hear the music before the song is over ...
  • #360,669
  • Jan 24, 2014 2:26pm Jan 24, 2014 2:26pm
Quoting deltaone
{quote} congratutations to 2000 (!) pips! never done that, i´m a scalper and daytrader. i´m happy that the market has plenty of chances to any style of trading, no matter which direction. cheers

his actual post you do the math!245 actual pips
It does sound huge when counting meaningless last digit.
Quoting JimmyC
{quote} 1.63982 -> 1.66438 pips actual = 2456 pips going to do something else big wins are very bad for your trading. WOW... I'm a bit speechless will try be of use Monday sorry that's unprofessional sheesh career best, sorry
In trading, you have to be defensive and aggressive at the same time
  • #360,670
  • Jan 24, 2014 2:28pm Jan 24, 2014 2:28pm
Quoting GlobalMacro
{quote} I didn't take any short but I exited my long position yesterday. Billy, don't worry about what others say, most of them don't even put up their trades beforehand....just hot air anyway. Well done man.
cheers i put all my levels in went out to do my jobs from yesterday and came in and when i first looked i thought i was stopped out untill i saw all that black writing in myaccount ,just watching a fakey at this moment
  • #360,671
  • Jan 24, 2014 2:33pm Jan 24, 2014 2:33pm
Quoting GlobalMacro
{quote} I didn't take any shorts but I exited my long position yesterday. Billy, don't worry about what others say, most of them don't even put up their trades beforehand....just hot air anyway. Well done man.
i´m in a peacefull mood...
i think we had a bad start.
we should start anew i think
peace to you from wacko the twisted
fortis fortuna adiuvat
  • #360,672
  • Jan 24, 2014 2:33pm Jan 24, 2014 2:33pm
I might also present weekly gbp index
after hang man btw
Attached Image (click to enlarge)
Click to Enlarge Name: GBPLFXWeekly 24-01-13.png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #360,673
  • Jan 24, 2014 2:33pm Jan 24, 2014 2:33pm
Quoting Davit
{quote} Not picking on you put you had less then 300pip profit.You are counting 5digits which is meaningless.If I count the way you count I made over 20k pips this month shorting cable If I recall you went long 6350'sh and took profit 6650's more or less.How is this 2k pips

I'm trading DMA (direct Market Access) so 1 Pip = 5 pounds and it counts right down to the smallest pip I'm an L2 dealer (trading broker) a.k.a. I squeeze the hell out of every trade. I don't broke I just took the option so I could participate in the auctions and get option exposure. I've taken up trading full time dumped everything else and trade FX as a hobby. I realised that stock traders have a much easier life so yup. Its wasn't 2000 pips on 1 naked trade I leveraged in using about 5 trades in a ladder, would have to check my trading log for exact details but yes you're right.

I try to only post the high prob trades but I also take fundament trades off Reuters news etc etc...

Good man for calling me out...

Still like your style and enjoy you charts

But Tony is still the candle stick Boss go Bones

Cheers m8T's I'm tired now ( and that 15 minutes call of mine looks like a steaming turd, ignore it)



G/L
  • #360,674
  • Jan 24, 2014 2:36pm Jan 24, 2014 2:36pm
this little red candle ,its not gonna take $ down
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFXWeekly 24-01.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #360,675
  • Jan 24, 2014 2:40pm Jan 24, 2014 2:40pm
Quoting Bones
Hi G ,I don't actually trust tl ,I must admit , a break is not good enough as there unreliable , Im just looking at location now ,consolidation zone ,where price can move like a ping pong ball ,200pis higher but within box ,nothing changed top of range another w1 wick to north {quote}
OK. At least we agree on one thing here. Good first step.

Also those wicks you were adamant about......also gone.

so now let's talk about consolidation a bit....

Have we been making new multi-year highs in the last weeks or new multi-year lows?

You can expand the range up to 2.0000 and it's still consolidation, but for practical trading
Hear the music before the song is over ...
  • #360,676
  • Jan 24, 2014 2:53pm Jan 24, 2014 2:53pm
Quoting deltaone
{quote} i´m in a peacefull mood... i think we had a bad start. we should start anew i think peace to you from wacko the twisted
uuhhhh... yeah.... Alright..............let's start again:

Hi,
I am GM, and your are?
Hear the music before the song is over ...
  • #360,677
  • Jan 24, 2014 2:54pm Jan 24, 2014 2:54pm
Quoting PipTrapper
First projected area: Orange is a weak sell zone Red is a strong sell zone After Orange/Red zone is tested, next is: Yellow is a weak buy zone Green is a strong Buy zone After that it's a bull stampede to heaven G/U M15 {image}
6380 is what I have for bullish continuation if it dives past 470's
69
  • #360,678
  • Jan 24, 2014 3:02pm Jan 24, 2014 3:02pm
no there not gone there reinforced
they are warning it could go up again the wicks tell me it will fail that level without further fall imo
from 1.5800 it could take I guess
I see gbp lfx at 2.8532 and usd lfx 1.7800
2.8532 /1.7800 =1.6029
in coming weeks ,months


longer term I do not see a trend in cable ,might be up





Quoting GlobalMacro
{quote} OK. At least we agree on one thing here. Good first step. Also those wicks you were adamant about......also gone. so now let's talk about consolidation a bit.... Have we been making new multi-year highs in the last weeks or new multi-year lows? You can expand the range up to 2.0000 and it's still consolidation, but for practical trading
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #360,679
  • Jan 24, 2014 3:05pm Jan 24, 2014 3:05pm
Quoting GlobalMacro
{quote} uuhhhh... yeah.... Alright..............let's start again: Hi, I am GM, and your are?
hi, i´m deltaone

nice weekend to you!

see you on monday, GM...
fortis fortuna adiuvat
  • #360,680
  • Jan 24, 2014 3:11pm Jan 24, 2014 3:11pm
Quoting Bones
no there not gone there reinforced they are warning it could go up again the wicks tell me it will fail that level without further fall imo from 1.5800 it could take I guess I see gbp lfx at 2.8532 and usd lfx 1.7800 2.8532 /1.7800 =1.6029 in coming weeks ,months longer term I do not see a trend in cable ,might be up {quote}
Months ???

Is that the TF we're contending about all this time?

How do you handle drawdowns?
Hear the music before the song is over ...
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Marbas