In trading, you have to be defensive and aggressive at the same time
Cable Update (GBPUSD)
- #369,902
- Apr 1, 2014 7:25am Apr 1, 2014 7:25am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Good day to you all, I'm looking at the longer term and I believe the daily chart to indicate short - rather than long. This however does not exclude a move higher first. I personally would however rather build short, as opposed to longs. So - as a long term strategy - my trade is short on GU on the daily chart. Regards {image}
we are on same thinking wave.
In trading, you have to be defensive and aggressive at the same time
- #369,904
- Apr 1, 2014 7:29am Apr 1, 2014 7:29am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #369,905
- Apr 1, 2014 7:32am Apr 1, 2014 7:32am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Don't short the next imo. This down move was a small pullback to .83 on E/G, not gonna stay there for long, maybe E/U short is better at this time.
limit shorts on 3805 3825 4x
Regards bro
In trading, you have to be defensive and aggressive at the same time
- #369,906
- Apr 1, 2014 7:33am Apr 1, 2014 7:33am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
{quote}
Nice scalps.. well done.
I can only trade what my charts tell me.. I am more comfortable looking for short entries at this moment. Just how it is.. I remain an indicator junkie and have to follow the signals.
I wish you all the best and a positive outcome
Trade well!
- #369,908
- Apr 1, 2014 7:39am Apr 1, 2014 7:39am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
{quote} PA may never get to your ideal short zone at least next 6months or more Carney wants IR hike mid 2015 and Feds may raise before that. Regards
This is how I see structure.
Hitting stops +pending stops causes fast rapid move. Nearest stops and pending stops are on the upside = easiest way to go. I see strenght to go through next barrier atleast.
I'm also waiting to get short again, but for now I'm watching and waiting...
I know the secret...
- #369,909
- Apr 1, 2014 7:41am Apr 1, 2014 7:41am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Good day to you, Davit Nice scalps.. well done. I can only trade what my charts tell me.. I am more comfortable looking for short entries at this moment. Just how it is.. I remain an indicator junkie and have to follow the signals. I wish you all the best and a positive outcome Trade well!
Your chart looks like modern art.I mean it in a good way.
Makes me want to paint it.
In trading, you have to be defensive and aggressive at the same time
- #369,910
- Apr 1, 2014 7:46am Apr 1, 2014 7:46am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Maby, maby not. This is how I see structure. Hitting stops +pending stops causes fast rapid move. Nearest stops and pending stops are on the upside = easiest way to go. I see strenght to go through next barrier atleast. I'm also waiting to get short again, but for now I'm watching and waiting...
I am more fundamental trader with Harmonic bias.Latest numbers on UK are not coming up green so market is reflecting that.
You have your game plan and that's what is important.Everyone sees the markets differently.
Regards green pips
In trading, you have to be defensive and aggressive at the same time
- #369,913
- Apr 1, 2014 8:02am Apr 1, 2014 8:02am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #369,914
- Apr 1, 2014 8:17am Apr 1, 2014 8:17am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
{quote} TT Your chart looks like modern art.I mean it in a good way.
Haha - it does - but it's NICE..I'm quite proud of my work on this one..
EU same scenario on 4hr..feeling better shorting.. just have to time the entries. Expecting a positive nett result at the end of the trade.
See chart ( please no painting allowed)
- #369,915
- Apr 1, 2014 8:27am Apr 1, 2014 8:27am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
Did say gonna ride the wave on this one.. staying in long still
- #369,917
- Apr 1, 2014 8:34am Apr 1, 2014 8:34am
- Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts
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