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Cable Update (GBPUSD)

  • #362,261
  • Feb 5, 2014 1:07pm Feb 5, 2014 1:07pm
just another day for a buy the dip scheme. wondered at s1 to buy (not in a scalp manner) but as always, i was a coward. now i sit here with a fine merlot, thinking...
fortis fortuna adiuvat
  • #362,262
  • Feb 5, 2014 1:07pm Feb 5, 2014 1:07pm
Quoting TauTrader
Good day, I have an idea.. Let us start a thread with at least 10 traders contributing. we can do it all on demo accounts. We all start with 100 000 at the leverage of your choice. We run it for 365 days. I want a list of competitors.. Who is willing? Come on - put yourself forward.. I'm in. Who's the next trader? Regards
Sign me up Boss!
  • #362,263
  • Feb 5, 2014 2:14pm Feb 5, 2014 2:14pm
Long PA
Attached Image (click to enlarge)
Click to Enlarge Name: Pound.png Size: 15 KB
  • #362,264
  • Feb 5, 2014 2:14pm Feb 5, 2014 2:14pm
Quoting TauTrader
{quote} Sir, K Yip - we all start with a 100 000 balance - but profits/losses to be zero when you link on Friday. Not allowed to trade the demo - only on the 17th can you start. Does not matter if you cannot trade in December. Just have to do 10 trades minimum prior. Off to bed. Regards
Sign me up too. This looks to be really cool.
  • #362,265
  • Feb 5, 2014 2:35pm Feb 5, 2014 2:35pm
and there I longed gbp/usd at 1.63099
  • #362,266
  • Feb 5, 2014 3:00pm Feb 5, 2014 3:00pm
Quoting snipereye
and there I longed gbp/usd at 1.63099
This pair is going to fly. Hold onto this one, sniper.
  • #362,267
  • Feb 5, 2014 3:05pm Feb 5, 2014 3:05pm
not until it breaks

Quoting DailyChart
Long PA {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,268
  • Feb 5, 2014 3:16pm Feb 5, 2014 3:16pm
Quoting DailyChart
Long PA {image}
So far we have 2 bullish hammers on the daily. Price was clearly rejected to break lower several times. I do not believe that it will ride down all the way. I also read that a higher pound would be ok for GB's export just now.
Fix up, trade sharp ...
  • #362,269
  • Feb 5, 2014 4:01pm Feb 5, 2014 4:01pm
Quoting Zappa
{quote} This pair is going to fly. Hold onto this one, sniper.

Will do my friend!

How u running this week?
  • #362,270
  • Edited 4:20pm Feb 5, 2014 4:10pm | Edited 4:20pm
Quoting DailyChart
Long PA {image}
Odds favor break upside atm.
Hear the music before the song is over ...
  • #362,271
  • Feb 5, 2014 4:18pm Feb 5, 2014 4:18pm
Quoting GlobalMacro
{quote} Odds favor break upside.
i agree. still long? i know you are not placing tp when entering a position, perhabs because of your buy the dip scheme, but donīt you think you can save more green pips by doing so?
fortis fortuna adiuvat
  • #362,272
  • Feb 5, 2014 4:24pm Feb 5, 2014 4:24pm
H1 indicating that we are moving up now, and H4 seems to be at bottom. So we will wait and see,
  • #362,273
  • Feb 5, 2014 4:31pm Feb 5, 2014 4:31pm
Quoting DailyChart
Long PA {image}
I have my own method
Attached Image (click to enlarge)
Click to Enlarge Name: Pound.png Size: 15 KB
  • #362,274
  • Feb 5, 2014 4:32pm Feb 5, 2014 4:32pm
Quoting GlobalMacro
{quote} Cable now 1.6311 = BUY STOP ORDER FILLED @ 1.6308: LONG @ 1.6308 S / L : 1.6248 T / P : OPEN
Looks a lot better now.
Carrying longs unchanged:

LONG @ 1.6308
S / L : 1.6248
T / P : OPEN

Cable now 1.6308 Daily High: 1.6333 Daily Low: 1.6252
Open P&L : +/- 0 pips
Hear the music before the song is over ...
  • #362,275
  • Feb 5, 2014 4:36pm Feb 5, 2014 4:36pm
Fresh bearish trend is on the daily after monday short marobozu, we have got new LH by two hammer. Strange for me.

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicrodaily.png Size: 44 KB
Anything is math!
  • #362,276
  • Feb 5, 2014 4:36pm Feb 5, 2014 4:36pm
Quoting deltaone
{quote} i agree. still long? i know you are not placing tp when entering a position, perhabs because of your buy the dip scheme, but donīt you think you can save more green pips by doing so?
Not at all....This way It works better for me to let the market do the job....
Hear the music before the song is over ...
  • #362,277
  • Feb 5, 2014 4:40pm Feb 5, 2014 4:40pm
Quoting DailyChart
{quote} I have my own method {image}
Ok. I see.
The support.You're going to wait for a retrace to support before buying then.
First one or the second one?
Hear the music before the song is over ...
  • #362,278
  • Feb 5, 2014 4:41pm Feb 5, 2014 4:41pm
Quoting DailyChart
{quote} I have my own method {image}
There could be less room to the left for a good long entry! Demand is a little bit lower, i think i will wait a bit...
Anything is math!
  • #362,279
  • Feb 5, 2014 4:44pm Feb 5, 2014 4:44pm
Quoting GlobalMacro
{quote} Not at all....This way It works better for me to let the market do the job....
if it works better for you, you should not change.
well, itīs late, iīll go to bed. before, iīm listening to this (my wife got me to do so ):

Inserted Video
fortis fortuna adiuvat
  • #362,280
  • Feb 5, 2014 4:46pm Feb 5, 2014 4:46pm
Quoting GlobalMacro
{quote} Ok. I see. The support.You're going to wait for a retrace to support before buying then. First one or the second one?
already buy
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