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Cable Update (GBPUSD)

  • #376,021
  • May 6, 2014 7:49am May 6, 2014 7:49am
Quoting yaphets
"Successis a lousy teacher. It seduces smart people into thinking they can't lose."
Funny, I always thought successful folks have already won.
Ghost Rider - WWTBMD?
  • #376,022
  • May 6, 2014 7:51am May 6, 2014 7:51am
Quoting albchr
{quote} Funny, I always thought successful folks have already won.
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  • #376,023
  • May 6, 2014 7:52am May 6, 2014 7:52am
Quoting PoundTrader
{quote}lets have a moment of silence
Lol, you're a funny fella PT
Come with me if you want to live....
  • #376,024
  • May 6, 2014 7:52am May 6, 2014 7:52am
Quoting albchr
{quote} Oh I'd MUCH rather position trade. I have a much better result on my longer term views. But it's a bit tough with a couple hundred in a standard account. Gotta build it up first so it's down in the trenches for me until I do.
I consider myself a swing trader however i have switched to scalping recently - smaller but quicker profits BANKED. I got tired with the lack of sustained direction atm meaning that banking proper profit could take forever as price continuously reverses on itself.
It'll be alright on the night
  • #376,025
  • May 6, 2014 7:56am May 6, 2014 7:56am
Standby 1.7000

HDA OUT
  • #376,026
  • May 6, 2014 7:57am May 6, 2014 7:57am
Quoting Fxtein
{quote} {image}
Lol that 'TP' looks like a stickman that fell off a building...
  • #376,027
  • May 6, 2014 7:58am May 6, 2014 7:58am
Attached Image
  • #376,028
  • May 6, 2014 7:59am May 6, 2014 7:59am
Quoting HDA
Standby 1.7000 HDA OUT
drum roll
Attached Image
  • #376,029
  • May 6, 2014 8:01am May 6, 2014 8:01am
It looks GBPUSD would not stop at 1.7000 but rather 1.7040 .
  • #376,030
  • Edited 8:03am May 6, 2014 8:02am | Edited 8:03am
I do believe that once 1.7000 is hit, the short stops will get hit propelling this pair yet higher. The question is, where to take this puppy SOUTH?
  • #376,031
  • May 6, 2014 8:03am May 6, 2014 8:03am
Quoting Gaviscon3
{quote} I consider myself a swing trader however i have switched to scalping recently - smaller but quicker profits BANKED. I got tired with the lack of sustained direction atm meaning that banking proper profit could take forever as price continuously reverses on itself.
I hear ya. I consider myself pretty much all of the above type trader (position only in my long term view until an account size says otherwise) but, I want to trade to live not live to trade. There's much to be said for making a pile, over a longer time while hanging at the beach or riding the Harley. Only stopping at the charts to "check" on price.

But there are many ways to pull cash from the market. My hat's off to anyone, regardless of approach, who does so on a consistent basis.

I think knowing how to do all of it is a great way of understanding the market and how it moves at all levels.
Ghost Rider - WWTBMD?
  • #376,032
  • May 6, 2014 8:04am May 6, 2014 8:04am
Wow, I guess this PA means Ukraine must be at nuclear war by now huh....

or not...

Come with me if you want to live....
  • #376,033
  • May 6, 2014 8:05am May 6, 2014 8:05am
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I wish I could time travel, I'd be "very" rich
  • #376,034
  • May 6, 2014 8:08am May 6, 2014 8:08am
adding past 982
  • #376,035
  • May 6, 2014 8:10am May 6, 2014 8:10am

Attached Image

?

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  • #376,036
  • May 6, 2014 8:11am May 6, 2014 8:11am
Quoting Ryan3645
{image}
I think you'll find the serious traders here a tough crowd at times.

Quoting Ryan3645
{quote} I know well, to be honest 1.700 is what I'll be looking at selling to be honest, but I already have over 40 lots open but will plan to open from 1.7000 to 1.7800 an additional 150 lots, lets see first
It's a cute picture by the way but, I don't see the 40 lots already open?
Ghost Rider - WWTBMD?
  • #376,037
  • May 6, 2014 8:12am May 6, 2014 8:12am
Quoting JimmyC
{image} ? {image}

Seems like we could see some retracement for another pull
I wish I could time travel, I'd be "very" rich
  • #376,038
  • May 6, 2014 8:13am May 6, 2014 8:13am
Quoting Ill-b-back
{quote} Lol, you're a funny fella PT
the sad thing is im not trading still on vacation
  • #376,039
  • May 6, 2014 8:14am May 6, 2014 8:14am
Quoting albchr
{quote} I think you'll find the serious traders here a tough crowd at times. {quote} It's a cute picture by the way but, I don't see the 40 lots already open?

yeah that one is in a biiiiiig loss at the moment hahaha as you can guess, the pic just showed orders not opened yet . Do you think we could see 1.700 today or maybe on thursday when they make the announcement?
I wish I could time travel, I'd be "very" rich
  • #376,040
  • May 6, 2014 8:17am May 6, 2014 8:17am
Quoting PoundTrader
{quote}the sad thing is im not trading still on vacation
Well, just make sure you're back for next Quarter, I think it could be a doozy...
Come with me if you want to live....
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