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Cable Update (GBPUSD)

  • #364,041
  • Feb 17, 2014 2:50am Feb 17, 2014 2:50am
Not really. 1H and 4H haven't give enough momentum to push the whole pair down. So a try with 80 pips to enter with small lots a bit risky actually. But relief when I saw your chart actually, but I really intend to SELL this pair but not according to 1H.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,042
  • Feb 17, 2014 2:59am Feb 17, 2014 2:59am
Quoting 45Condor
As Jean Jacques Rousseau is quoted as stating: “Patience is bitter, but its fruits are sweet.” Finally, I can stop harping on about this trade, and also take the time to state that in addition to this trade reaching its TP, I managed to come first in my show jumping discipline yesterday. Yeah…! Okay, you’re never going to see this old man competing on the international circuit, but a victory nonetheless it was – and against a field of 31 that included a majority who were far younger, and more hungry for success, but whom, seemingly, lacked the composure...
sounds like a little bit too much effort for 213 pips, but congrats, you are one of the most patient traders I have ever seen
  • #364,043
  • Feb 17, 2014 2:59am Feb 17, 2014 2:59am
Quoting GDR3k
sell limit 1.6809 :nerd: {image}
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  • #364,044
  • Feb 17, 2014 3:03am Feb 17, 2014 3:03am
looking for something scalpable round here

GU M15
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  • #364,045
  • Feb 17, 2014 3:05am Feb 17, 2014 3:05am
Quoting GDR3k
{quote} {image}
Good, I am SELL limit at 1.6805 and TP at 1.6685.
Good Luck mate.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,046
  • Feb 17, 2014 3:07am Feb 17, 2014 3:07am
Quoting chazzle
looking for something scalpable round here GU M15 {image}
took a quick 10
Attached Image (click to enlarge)
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  • #364,047
  • Feb 17, 2014 3:10am Feb 17, 2014 3:10am
Quoting Danny Maina
{quote} sounds like a little bit too much effort for 213 pips, but congrats, you are one of the most patient traders I have ever seen

Well, the point behind the trade – which forms part of a private discussion that I am having with a FF member – is that trading can be completely effortless.


Although I will not divulge any details upon the private discussion, the point behind this trade was to show that as opposed to blowing one’s account with large lot, small stop trades – and which frequently render traders called upon their margin – it is possible to drop your lot, widen your stop, and enjoy other things in life.

I’m hoping that the trade serves to show that an account can be revived from depletion, if given a little time.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #364,048
  • Feb 17, 2014 3:13am Feb 17, 2014 3:13am
eyes on 747 - weekly number
  • #364,049
  • Feb 17, 2014 3:16am Feb 17, 2014 3:16am
this retracement is gonna be massive from the way the bull been charging in past week
  • #364,050
  • Feb 17, 2014 3:17am Feb 17, 2014 3:17am
Quoting GlobalMacro
Cable now 1.6636 = BUY STOP ENTRY ORDER FILLED @ 1.6635. LONG @ 1.6635 S / L : 1.6567 T / P : OPEN

Raising profit protection stop to 1.6729 and continuing to carry the position.

LONG @ 1.6635

Profit Protection Stop : 1.6729

T / P : OPEN

Cable now 1.6760 Today's High: 1.6823
Open P&L : + 125 pips
Hear the music before the song is over ...
  • #364,051
  • Feb 17, 2014 3:23am Feb 17, 2014 3:23am
Quoting Suffo
buy 770 sl 735
out 748
With a good book and quality paper you can fine wipe your ass.
  • #364,052
  • Feb 17, 2014 3:24am Feb 17, 2014 3:24am
sell 747 sl 775
With a good book and quality paper you can fine wipe your ass.
  • #364,053
  • Feb 17, 2014 3:30am Feb 17, 2014 3:30am
Quoting chazzle
eyes on 747 - weekly number
GU W1

a move below re-opens 668 imo
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  • #364,054
  • Feb 17, 2014 3:33am Feb 17, 2014 3:33am
Quoting Suffo
sell 747 sl 775
you have very good and decisive habit here as a trader
  • #364,055
  • Feb 17, 2014 3:38am Feb 17, 2014 3:38am
Give me 1.644x/8x this week to make me happy

Break of it and heading to 1.62xx.
COT: The precious data ignored
  • #364,056
  • Feb 17, 2014 3:43am Feb 17, 2014 3:43am
1.66500 would be a nice "take a break" area I would think.
  • #364,057
  • Feb 17, 2014 3:43am Feb 17, 2014 3:43am
Hello thread readers

I encountered -2% on my 1st long term short from 6708 placed Friday as SL at 6800 was hit ....turns out it wasn't that long term at all - lol.....In this moment it is U.s Presidents day Bank Holiday....6823 the present high for today and downhill from there so far with some nice scalps short so far this London morning as dark cloud cover appeared on 4hr ?. 23.6% of 6250-6823 is at 6688....this is 1st ' meaningful ' fib ? although on the 1hr and even 4hr there are so many places you might plot them from but on daily it realy is 6250 and below.

The former weekly/monthly hi zone leading to 6877 is where the present high of today is

Best Wishes.
Attached Image (click to enlarge)
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it's all gone a bit........
  • #364,058
  • Feb 17, 2014 3:49am Feb 17, 2014 3:49am
I keep expecting buyers to come roaring back in at any moment and send this baby to new highs.

Then again, Veer2010 has been correct the last three times he posted something like this.

Quote
Okay, I'm back with some info again.. London desk is gonna sell GBP/USD today and they are targeting 1.63 area.. I am going short at the current price now..

Although I think his target numbers haven't been accurate.
  • #364,059
  • Feb 17, 2014 3:52am Feb 17, 2014 3:52am
Quoting GlobalMacro
Cable now 1.6636 = BUY STOP ENTRY ORDER FILLED @ 1.6635. LONG @ 1.6635 S / L : 1.6567 T / P : OPEN
Quoting GlobalMacro
{quote} Raising profit protection stop to 1.6729 and continuing to carry the position. LONG @ 1.6635 Profit Protection Stop : 1.6729 T / P : OPEN Cable now 1.6760 Today's High: 1.6823 Open P&L : + 125 pips
Cable now 1.6727 = FILLED @ 1.6729

+94 pips profit booked.

All positions FLAT now.
Hear the music before the song is over ...
  • #364,060
  • Feb 17, 2014 3:53am Feb 17, 2014 3:53am
So sick. I though I could see Double Top in 1H, and it fell all the way directly.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
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