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Cable Update (GBPUSD)

  • #377,201
  • May 11, 2014 1:29pm May 11, 2014 1:29pm
Quoting ruffryders
{quote} well 5 pips up/down does not exactly define shorting to me. please let me know when it's +-100 at least.
what about that shorting ruff posted eur over 3900 sorry ,,
  • #377,202
  • May 11, 2014 3:15pm May 11, 2014 3:15pm
Quoting Bones
he's trying to make the point I'm a bad trader,and others a better , ,come on HDA lets see your hand ,bet you don't come back
Hi Tony,

I'm unconcerned personally about the prior statements though embarrassed by the presentation of the posts as they mention you and I.

I think it needs to be made quite clear to the forum as a whole and those that read in an effort to learn that there are indeed many different trading styles:
You are a bear, this is a fact. I'm a Turtle, Position Trader I use a mixture of trading tools including candle sticks and some western technical analysis. As a turtle trader I'm positioned predominantly in equities and I execute carry trades in FX in the direction of the major trend, profiting very slowly through swaps and then the position - no fast money here, just constant small money -

I suspect you are probably a better technical trader than I am. My position sizes are probably overall smaller than yours and my trade durations are far longer so I must by the nature of my trading style hold my positions for a substantial period (anywhere from 2weeks to many months) before I can make money, whereas I see you as being able to identify your opportunities earlier and with higher accuracy than I can. You enter and collect your profits before I've even thought of taking a position. I may only execute a trade 4 or if I'm pushing maybe 5 times a month. Its seems you are comfortable to enter more frequently.

So to clarify for the forum, the positions taken and profited or lost by either of us are based on style money management and on the fact that as traders our job is not to present perfect technical analysis, it is to make money. Being right more than half the time increases the speed of profit, nothing else.

None of this counts if you lose money.

Be well

J
  • #377,203
  • May 11, 2014 3:22pm May 11, 2014 3:22pm
Hey Jimmy ,if you make money or not its not important to me ,

I see very fast acceleration in your jouney and huge effort in posts with charts thats of a high standard , I'm glad you take the time
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,204
  • May 11, 2014 3:25pm May 11, 2014 3:25pm
Quoting Bones
Hey Jimmy ,if you make money or not its not important to me , I see very fast acceleration in your jouney and huge effort in posts with charts thats of a high standard , I'm glad you take the time
Always the gentleman.

Goodnight
  • #377,205
  • May 11, 2014 3:50pm May 11, 2014 3:50pm
Quoting JimmyC
{quote} Hi Tony, I'm unconcerned personally about the prior statements though embarrassed by the presentation of the posts as they mention you and I. I think it needs to be made quite clear to the forum as a whole and those that read in an effort to learn that there are indeed many different trading styles: You are a bear, this is a fact. I'm a Turtle, Position Trader I use a mixture of trading tools including candle sticks and some western technical analysis. As a turtle trader I'm positioned predominantly in equities and I execute carry trades...
Hi, JimmyC, what is a turtle trader? I have only read that term in a book entitled "Turtle trading" or something like that.
  • #377,206
  • May 11, 2014 4:06pm May 11, 2014 4:06pm
According to the Sunday Times the Bank of England is expected to signal this week that interest rate rises are likely before the election, as it upgrades Britain’s growth prospects yet again.

Buy the rumor, Sell the news?
  • #377,207
  • May 11, 2014 8:15pm May 11, 2014 8:15pm
Good day.
Here is 4hr & daily tradeline area to view. All teh best

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GELORE
  • #377,208
  • May 11, 2014 11:46pm May 11, 2014 11:46pm
Quoting Bones
haha lets see close tonight Z ,am I the only one who thinks usdx d1 is a ace set up {quote} . I like your predict price.
[/quote]

Morning guys,

No.... , cool mate

I was laughing on his highlight phrase, not on his predict price.
He understand me i think.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #377,209
  • May 11, 2014 11:50pm May 11, 2014 11:50pm
Gidday GBP/US

We burst up would be nice

the GBP bus is tad over loaded

Not sure what EUR/US is up to

Just shows you if that drops GBP/US falls also
  • #377,210
  • May 12, 2014 12:09am May 12, 2014 12:09am
On the daily chart, the price is within a bullish channel and near 2 harmonic patterns the reversal is on-sight. Till May 13th its time will be fulfilled. If the supply pressure persists across the market, the expectation is for a drop then.
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  • #377,211
  • May 12, 2014 1:16am May 12, 2014 1:16am
GU Bulldogs meet EU Bears

Inserted Video
  • #377,212
  • May 12, 2014 1:17am May 12, 2014 1:17am
no action news today....can we continue to be held by the current level and get a bit of a retrace up....or just bust through fridays low when the euro sess is up and running
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  • #377,213
  • May 12, 2014 1:36am May 12, 2014 1:36am
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Morning i have a long,but only scalp at 50 commision paid now looking 20 pipi x4 then short off confirmed 10 ema in white or one of the other, a break through them all could go long ??
  • #377,214
  • May 12, 2014 1:36am May 12, 2014 1:36am
Quoting JimmyC
GU Bulldogs meet EU Bears http://youtu.be/XIMpSTG6FBM
It is cool to have such neighbour, but..... well...
  • #377,215
  • May 12, 2014 1:37am May 12, 2014 1:37am
Quoting elbert3
{image}Morning i have a long,but only scalp at 50 commision paid now looking 20 pipi x4 then short off confirmed 10 ema in white or one of the other, a break through them all could go long ??
o just in the nick of time thats 20 pips x 4 pp 6872 tp 69820
  • #377,216
  • May 12, 2014 1:41am May 12, 2014 1:41am
Quoting elbert3
{quote} o just in the nick of time thats 20 pips x 4 pp 6872 tp 69820
off 6875 25 pips x4 lo ,,,o what a lovely start 200 pips thank you look on 5 min chart to go short
  • #377,217
  • May 12, 2014 1:42am May 12, 2014 1:42am
Quoting elbert3
{quote} off 6875 25 pips x4 lo ,,,o what a lovely start 200 pips thank you look on 5 min chart to go short
6872 sl 678
  • #377,218
  • May 12, 2014 1:43am May 12, 2014 1:43am
Quoting elbert3
{quote} 6872 sl 678
Your target profit is 1.6982?
  • #377,219
  • May 12, 2014 1:55am May 12, 2014 1:55am
Quoting elbert3
{quote} 6872 sl 678
sl to manage looks to be going a little higher might add 6890 short lets see ,,just up good morning and doing breakfast,, hope we can get a good week in ..bbs
  • #377,220
  • May 12, 2014 1:57am May 12, 2014 1:57am
Careful short

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