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Cable Update (GBPUSD)

  • #368,781
  • Mar 20, 2014 5:15am Mar 20, 2014 5:15am
move my stop loss to 1,65865
  • #368,782
  • Mar 20, 2014 5:16am Mar 20, 2014 5:16am
Quoting chazzle
{quote} those dec/mid jan highs might hold it - could buy half position now and half at 20 if it gets there - are you trading it?
I'd like to place a long for swing (months), but i dont have the assets to place a stop below 18.000 area unless I dont trade 0.1

^^
Hero calls followed by margin calls...
  • #368,783
  • Mar 20, 2014 5:17am Mar 20, 2014 5:17am
Attached Image (click to enlarge)
Click to Enlarge Name: pp.png Size: 102 KB
bit slow pp down to 6559--6537 target still 6517
  • #368,784
  • Mar 20, 2014 5:21am Mar 20, 2014 5:21am
90% off 6530
  • #368,785
  • Mar 20, 2014 5:28am Mar 20, 2014 5:28am
my pleasure, now 40 pips for the morning so 10 more then out ..
  • #368,786
  • Mar 20, 2014 5:32am Mar 20, 2014 5:32am
Quoting elbert3
{quote} fanks del ?? lol
and yes no worries hey
  • #368,787
  • Mar 20, 2014 5:35am Mar 20, 2014 5:35am
Quoting sunny0
Hi guys, just wondering whether we will see 1.66410 again tomorrow? Sunny

Hi Sunny,



A gap down like we had yesterday based on the speech and the market chasing liquidity will nearly always be filled in. The market is constantly chasing liquidity and is to efficient to leave these areas behind. Your challenge is to access when will it retest? could be today, could be in 5 days time or longer. If you look at the bullish run which started around the 11th of feb and finished on the 17th of feb this run has only just filled in now. Building a long term bearish position without a retrace then you run the risk of what is called a gap risk and the market retracing the full gap down today, enter a long and then you are guessing and taking the chance against the bearish momentum. If it builds a base and then pushes to new lows then the market is still bearish. If this pair remains bearish look for a strong level, nearly always an extreme level of supply and demand to hold and show you some reversal pattern on lower time frame then look to buy back into the gap. This is an art and where watching pattern after pattern is the only way to learn. This is where you need to think independently and not rely or look to others for opinions if you are going to be successful. Be patient.



Of course you can always try and scalp a few pips with a low risk stop.
  • #368,788
  • Mar 20, 2014 5:40am Mar 20, 2014 5:40am
Quoting elbert3
90% off 6530
scalp long 65200 sl 6500 gamble ??
  • #368,789
  • Mar 20, 2014 5:41am Mar 20, 2014 5:41am
$ is driving today's market still

$DX 1H

Attached Image (click to enlarge)
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  • #368,790
  • Mar 20, 2014 5:45am Mar 20, 2014 5:45am
Quoting elbert3
{quote} scalp long 65200 sl 6500 gamble ??
in at 529 so thats 35 pips ago chasing the 00 line to make it a nice sell .. then hope fully finish for the day ;-)
  • #368,791
  • Mar 20, 2014 5:49am Mar 20, 2014 5:49am
Quoting elbert3
sl just down now 1 pip profit first target 6517
target nearly on the nose still have 10% from 1st trade on manage now
  • #368,792
  • Mar 20, 2014 5:53am Mar 20, 2014 5:53am
Quoting elbert3
{quote} target nearly on the nose still have 10% from 1st trade on manage now
closing now on 40 pips plus change .. have a great day trading..
  • #368,793
  • Mar 20, 2014 5:54am Mar 20, 2014 5:54am
Quoting DerekTrotter
{quote} in at 529 so thats 35 pips ago chasing the 00 line to make it a nice sell .. then hope fully finish for the day ;-)
well done just seeing this trade comes off
  • #368,794
  • Mar 20, 2014 5:55am Mar 20, 2014 5:55am
Quoting DerekTrotter
{quote} closing now on 40 pips plus change .. have a great day trading..
40 pips at £100 a pip not bad lol gl, but your going to miss the party
  • #368,795
  • Mar 20, 2014 5:55am Mar 20, 2014 5:55am
Quoting elbert3
{quote} well done just seeing this trade comes off
just get that feeling it will go lower but hey 40 pips is enough ..
  • #368,796
  • Mar 20, 2014 6:01am Mar 20, 2014 6:01am
Quoting elbert3
{quote} 40 pips at £100 a pip not bad lol gl, but your going to miss the party

u are on a demo..but trading well however one thing i see as a potential problem for u is mm
nobody can predict exactly how this mofo will dance but mm will save u when u balls it completely up

I dont think on a live account u would over leverage like u are on da demo? or would u
  • #368,797
  • Mar 20, 2014 6:04am Mar 20, 2014 6:04am
which gap there s no gap


Quoting squawk
{quote} Hi Sunny, A gap down like we had yesterday based on the speech and the market chasing liquidity will nearly always be filled in. The market is constantly chasing liquidity and is to efficient to leave these areas behind. Your challenge is to access when will it retest? could be today, could be in 5 days time or longer. If you look at the bullish run which started around the 11th of feb and finished on the 17th of feb this run has only just filled in now. Building a long term bearish position without a retrace then you run the risk of what...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #368,798
  • Mar 20, 2014 6:09am Mar 20, 2014 6:09am
Quoting Bones
which gap there s no gap {quote}

tony are u seeing down m8 on this..im seeing a potential tank?
  • #368,799
  • Mar 20, 2014 6:11am Mar 20, 2014 6:11am
Quoting nAVIN2007
{quote} u are on a demo..but trading well however one thing i see as a potential problem for u is mm nobody can predict exactly how this mofo will dance but mm will save u when u balls it completely up I dont think on a live account u would over leverage like u are on da demo? or would u
hi if you have been watching my posts over the past month, i have been saying that it is a new platform i am and testing this silly indi,i have live money with capital spreads, but if you look at there platform it is crap for analysis and posting charts because their platform is nothing like this mt4 so never take notice of the indi, but i do place the same trades live as i post
  • #368,800
  • Mar 20, 2014 6:14am Mar 20, 2014 6:14am
yea ,1.6300/245

Quoting nAVIN2007
{quote} tony are u seeing down m8 on this..im seeing a potential tank?
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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