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Cable Update (GBPUSD)

  • #371,401
  • Apr 10, 2014 4:27am Apr 10, 2014 4:27am
Quoting samooh
wanna ask it this 1.6821 is may be a double top or not any body can answer me
http://stockcharts.com/school/doku.p...e_top_reversal

There are eight conditions. You have to see them all on the chart.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #371,402
  • Apr 10, 2014 4:27am Apr 10, 2014 4:27am
Quoting albchr
{quote} Yep... that dirty little 4 letter word.... lol Not sure but, may have to settle for 30 on this counter trade? +10 locked and DP holding thus far. {image}
hi mate, nice to see you in the same trade still

i'm, keeping that one on BE (@1.6816)...whatever it gives...
big numbers are our friends...
  • #371,403
  • Apr 10, 2014 4:32am Apr 10, 2014 4:32am
Quoting giveachance
{quote} my short at 6722 got stopped out for 50 pips and I am trading usd/cad now. this animal is too risky for my liking
I suggest you reduce your lots.
1 lot divide in 4 and you can have 4 entries with better distance.
If you entered .25 at 6722 and did not like the PA then your loss is minimal because .75 has not been invested.
If you expend your SL by placing smaller lots you cover larger "net"
Martingale has bad rap here but doing it correctly can yield great rewards.For example you could of let .25 at 6722 and entered .50 at 68
Now you only need 50% less distance to BE and become profitable.Basic idea is your best trades are at Top.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #371,404
  • Apr 10, 2014 4:34am Apr 10, 2014 4:34am
Quoting Davit
{quote} I suggest you reduce your lots. 1 lot divide in 4 and you can have 4 entries with better distance. If you entered .25 at 6722 and did not like the PA then your loss is minimal because .75 has not been invested. If you expend your SL by placing smaller lots you cover larger "net" REgards
yes I follow that practice. I did not see a 100 pip rally coming after the fed. I must admit that. yellen is paid well by the Barclays, Morgan Stanley and Fackman Sachs of the world
  • #371,405
  • Apr 10, 2014 4:40am Apr 10, 2014 4:40am
Quoting giveachance
{quote} yes I follow that practice. I did not see a 100 pip rally coming after the fed. I must admit that. yellen is paid well by the Barclays, Morgan Stanley and Fackman Sachs of the world
Feds under Yellen is unpredictable for sure.
green pips my friend
In trading, you have to be defensive and aggressive at the same time
  • #371,406
  • Apr 10, 2014 4:42am Apr 10, 2014 4:42am
Quoting deeZG
{quote} hi mate, nice to see you in the same trade still i'm, keeping that one on BE (@1.6816)...whatever it gives...
You too brother. My SL is flexible between BE and BE+ some. You're in 6 pips better than I and in this squishy low volume scene that can make a difference. For now I'll stay at +10 and like you, see what it gives.
Ghost Rider - WWTBMD?
  • #371,407
  • Apr 10, 2014 4:49am Apr 10, 2014 4:49am
Quoting giveachance
{quote} my short at 6722 got stopped out for 50 pips and I am trading usd/cad now. this animal is too risky for my liking
Lets go back and analyze why you shorted at 6722.

I am attaching a chart, the orange line is where you took your short .. I see NO reason why you shorted there. Why did you, whatever you say (please reply with it) than learn a lesson from that.

If I wanted to short GBP, I would have put a short (second chart) at the blue lines (daily highs).

If you would have put a pending short under the 2014 yearly high at 1.6821 from 2/16 you would be 35-55 pips in the green now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-h4-oanda-division1.png Size: 108 KB
Click to Enlarge Name: gbpusd-d1-oanda-division1.png Size: 186 KB
  • #371,408
  • Apr 10, 2014 4:54am Apr 10, 2014 4:54am
Easier to fall a thousand pips than to rise 300 pips from here methinks
Thank You
  • #371,409
  • Apr 10, 2014 4:59am Apr 10, 2014 4:59am
Quoting wormboy
Easier to fall a thousand pips than to rise 300 pips from here methinks
Good morning buddy. I like you're thinking....

Love the avatar too. The little guy is growing like a weed. You feeding him miracle grow?
Ghost Rider - WWTBMD?
  • #371,410
  • Apr 10, 2014 5:02am Apr 10, 2014 5:02am
Quoting godim
{quote} {image}
Yes. Difficult to entry. But let's see. I stayed out.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 121 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #371,411
  • Apr 10, 2014 5:06am Apr 10, 2014 5:06am
Quoting godim
eur/usd if the yellow line give support ... {image} {image} {image}
eur/usd
loss of support
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m15.gif Size: 51 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #371,412
  • Apr 10, 2014 5:28am Apr 10, 2014 5:28am
Quoting wormboy
Easier to fall a thousand pips than to rise 300 pips from here methinks
hi mate, long time no see...

i think better to trade with the current flow until bears prove themselves or else we gonna end up picking top..
  • #371,413
  • Apr 10, 2014 5:31am Apr 10, 2014 5:31am
Hey guys,

Anyone else long here? If it goes up from here it could be massive!!!! (Pushing against resistance in place since 2008)
  • #371,414
  • Apr 10, 2014 5:33am Apr 10, 2014 5:33am
Quoting Zircon
gonna see , gbpy also could be a good entry soon???
here you go
if the trade gone against me i did not bother posting, bad human nature .
scalp fo day trade only..
trade safe guys.
Attached Images
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #371,415
  • Apr 10, 2014 5:40am Apr 10, 2014 5:40am
after few minutes coming news on GBP ,
how much the effect you think , almost no change in numbers as we know
  • #371,416
  • Apr 10, 2014 5:41am Apr 10, 2014 5:41am
Quoting samalmoore
Hey guys, Anyone else long here? If it goes up from here it could be massive!!!! (Pushing against resistance in place since 2008)
me long @ 1.6778
  • #371,417
  • Apr 10, 2014 5:41am Apr 10, 2014 5:41am
Quoting samalmoore
Hey guys, Anyone else long here? If it goes up from here it could be massive!!!! (Pushing against resistance in place since 2008)
Morning london boy, are you like me tok all the profit in gold and waiting to get back in long ,,lol , stopped out 9 pips shorting, i could of broke even,, but you know what is like, so gone long,, with a sl 16770 because of news and fingers on the button ??
  • #371,418
  • Apr 10, 2014 5:42am Apr 10, 2014 5:42am
Quoting jimmyboy88
{quote} me long @ 1.6778
snap nearly , yes do or die on a long, sl might be tight but sooner lose small, tp on 6850 in case of spike up to sellers
  • #371,419
  • Apr 10, 2014 5:42am Apr 10, 2014 5:42am
Quoting wormboy
Easier to fall a thousand pips than to rise 300 pips from here methinks
7000-7200 to be printed first bro, than could roll down the hills.
  • #371,420
  • Apr 10, 2014 5:43am Apr 10, 2014 5:43am
Quoting jimmyboy88
{quote} me long @ 1.6778
I got in at 1.67854.. what's you SL, mine is 1.67564
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