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Cable Update (GBPUSD)

  • #363,981
  • Feb 16, 2014 9:28pm Feb 16, 2014 9:28pm
After that fxcm closed everything - I opened again 5.55 lot but I closed it quickly
  • #363,982
  • Feb 16, 2014 9:29pm Feb 16, 2014 9:29pm
Quoting eurusd_trade
So many gamblers on this forum...
Isn't that the truth. Even though its always the brokers fault (sigh) there is a reason for the 100s of times that (Don't trade with money you cant afford to lose ) is mentioned several different ways when signing up for and opening an account.
  • #363,983
  • Feb 16, 2014 9:30pm Feb 16, 2014 9:30pm
Going to play chess now for some mental activity
chess.com
user rubo64
In trading, you have to be defensive and aggressive at the same time
  • #363,984
  • Feb 16, 2014 9:37pm Feb 16, 2014 9:37pm
Quoting yosi408
fxcm closed transactions alone - it was without a stop loss even the most expensive robot in the world will not be able to do in plus what I did on minus now what? I will return to 0.01? $1 for a day's work 10 + + hours? I am ready to do everything to get it all back this loss , but I have to live - I do not even have Phone
Hey Yosi

Yeah way to easy to blow your account

man if you go by half the shit we post

you will even lose more
Attached Image
  • #363,985
  • Feb 16, 2014 9:40pm Feb 16, 2014 9:40pm
anyone has a target for part of their shorts to 1.58/1.59 in a few month? I will keep part shorts to that target for up to 6 months. Rinse and repeat rest of the shorts.
Call me crazy or whatever you want.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #363,986
  • Feb 16, 2014 9:45pm Feb 16, 2014 9:45pm
Quoting Capelli
{quote} Welcome in the boat. Please dont use too much leverage...
Thanks, No worries I'm not overleveraged
  • #363,987
  • Feb 16, 2014 9:50pm Feb 16, 2014 9:50pm
Quoting Davit
Going to play chess now for some mental activity chess.com user rubo64
You seems so calm you're exactly the kind of trader i want to become (:
  • #363,988
  • Feb 16, 2014 9:50pm Feb 16, 2014 9:50pm
As far as fundamentals are concerned, the news I'm seeing tells me USD is looking weak and GBP is looking strong.

The thing that I don't understand though. Whenever the stock market goes up, GBP tends to go up with it. Whenever USD goes down, GBP tends to go down with it. This isn't always true, but seems pretty close lately.

If the US Economy is looking weak, it seems the market will go down. Shouldn't then the dollar go down as well?

It doesn't compute in my mind that a weak economy and a weak market would mean a stronger dollar.
  • #363,989
  • Feb 16, 2014 9:58pm Feb 16, 2014 9:58pm
Howzit GU

Um... Bears...

GU 4H - With note to the advancing block noted in my previous 4H chart...

That's not looking too good... (failed pattern)

1.67080 - Now support. - Caution with Bearish positions.. SL tight / position size small / strong money management bulls will be looking to re-enter @support wise bears will wait for it to break...



Trade safe
Attached Image (click to enlarge)
Click to Enlarge Name: GU4H.png Size: 33 KB
  • #363,990
  • Feb 16, 2014 10:02pm Feb 16, 2014 10:02pm
Quoting JimmyC
{quote} Both probabilities exist (Its trading of course they do) The symmetrical broadening top is a bullish continuation pattern. The pattern is formed by two symmetrical horizontal lines that are divergent. So it is a inverted symmetrical triangle or an open triangle. The oscillations between the two bands of the triangle are therefore becoming more and more sizable. Each line must be touched at least twice for validation. The symmetrical broadening top shows the growing nervousness of investors but also their indecisiveness. If the pattern is...
Depending on which version of the symmetrical broadening top you bought into..

GU Daily - consider long entry
target @ 30% of breakout
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 32 KB
  • #363,991
  • Feb 16, 2014 10:06pm Feb 16, 2014 10:06pm
as new trader i always hold + position short time,,,
and hold - position long time,,
my bad habbit,,,
  • #363,992
  • Feb 16, 2014 10:08pm Feb 16, 2014 10:08pm
Hope I can gain more pips on this month when GU go down
Attached Image
  • #363,993
  • Feb 16, 2014 10:15pm Feb 16, 2014 10:15pm
Quoting JimmyC
{quote} Depending on which version of the symmetrical broadening top you bought into.. GU Daily - consider long entry target @ 30% of breakout {image}

I see two possibilities here.

One, we have a new support level (The red daily candle is only a 2 hour candle, I think, right?) at around the 675X area, or we close down today below that 1.6750 area and that's a very strong reversal pattern.

If the 1.6750 becomes support, might be a good idea for a bull to wait a couple of days for a correction to bounce off new support and then buy the dip.
  • #363,994
  • Feb 16, 2014 10:23pm Feb 16, 2014 10:23pm
Quoting eurusd_trade
{quote} For now, not looking for anything more than 1.675x which is a bit of a reach. Maybe have to settle for less. So similar to what you're saying. Reevaluate if we do get back down there to see what's next. Yes I know this doesn't put any of the remaining 1.6650 and 1.6700 shorts into the money but keep dreaming or take advantage of a dip to stop out like a man and live to fight another day instead of getting tortured on any possible further oscillation above your entry point Been there, done that before... it is not a good use of your margin...
I was putting my TP on 1.67600 actually as I expect this pullback will take us somewhere around 1.67530. Probably it will be longer than usual for this 70 pips pullback IF it want to make it nice on both 1H and 4H chart. Pretty hard for me to add more if it can't create a nice pullback candle pattern on 4H, but I still believe Cable will be rallied for 9 days consecutive. It is reasonable that this pullback will take 12 hours to reach on target. Just my view currently.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #363,995
  • Feb 16, 2014 10:40pm Feb 16, 2014 10:40pm
Quoting Baggi
{quote} I see two possibilities here. One, we have a new support level (The red daily candle is only a 2 hour candle, I think, right?) at around the 675X area, or we close down today below that 1.6750 area and that's a very strong reversal pattern. If the 1.6750 becomes support, might be a good idea for a bull to wait a couple of days for a correction to bounce off new support and then buy the dip.
Apply a 3 day rule after new high's before trading a security again... Especially after a surprise news event.

  • #363,996
  • Feb 16, 2014 10:43pm Feb 16, 2014 10:43pm
Quoting JimmyC
{quote} Apply a 3 day rule after new high's before trading a security again... Especially after a surprise news event.

Has there been a surprise news event, or are you just speaking in general terms?
  • #363,997
  • Feb 16, 2014 10:48pm Feb 16, 2014 10:48pm
Quoting Baggi
{quote} Has there been a surprise news event, or are you just speaking in general terms?
Sir B

Yes in the US & Yes in general terms

Data suddenly underperforming look at last Thursday
  • #363,998
  • Feb 16, 2014 10:49pm Feb 16, 2014 10:49pm
Quoting Davit
Going to play chess now for some mental activity chess.com user rubo64
I played all night - my preferred site: chesscube.com. Username: weddingbells.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #363,999
  • Feb 16, 2014 10:55pm Feb 16, 2014 10:55pm
Quoting surgeon
{quote} I played all night - my preferred site: chesscube.com. Username: weddingbells.
will check it out
In trading, you have to be defensive and aggressive at the same time
  • #364,000
  • Feb 16, 2014 11:05pm Feb 16, 2014 11:05pm
What just happened? Was there a major news release or something? Frankfurt came online and they demolished the pound like it was 1942.
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