Cable Update (GBPUSD)

Quoting Carlicus

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{quote} Hi, JimmyC, what is a turtle trader? I have only read that term in a book entitled "Turtle trading" or something like that.

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Quoting JimmyC

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{quote} @Carlicus "Turtle Trading" is a term of sort of endearment for long term position traders, especially in commodities. Basically we don't really trade much but wait for 80/20 position trade setups and are generally nett long and hold traders, aka fixed income traders We buy long time supports after corrections and have a preference for positions that will generate income due to swaps or interest hold and look to profit from the hold and not the position... (mind bender I know) R's J

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Quoting JimmyC

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Careful short Close-up {image} Longer view {image}

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Quoting elbert3

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{quote} morning Jim as posted i think the trend might be short hence that scalp from friday if you look at the posted chart for me now i look to trade off the emas as red has crossed white , but if we get a big move up it could spoil the ema pattern .gl regards B

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Quoting JimmyC

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{quote} Sir E, the ST trend is imo undefined as yet... Current trading conditions for me are caution, no trade i.e. less than 80% prob... no entry

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Quoting elbert3

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{quote} yes Jim but if you watch and know my trading way as i said to ruff, i call it aggressive countertrading ,trading..lol like this morning on friday the price moved away from the emas so i look at 5 min and try to x4 lot a trade that has a 20 pip gap to the emas so 20 becomes 80 at £5 per pip,,but i do get it wrong lol ,,al posted friday and yesterday i posted 5 charts that was a plan gl mate ,,,,but dont follow as i have a disclaimer

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Quoting JimmyC

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{quote} Could be the :last kiss goodbye: intraday short.... Not my cup of tea {image}

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Quoting taran.forex

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shooting star in weekly tf ,... this beast is cuming down.......

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Quoting elbert3

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{quote} {image} could add short, area marked sl above the red 20 ema but not tight as it can over run,, a clear break then long ?? a big bull run breaks the short trend on the 4 hour , for me

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Quoting taran.forex

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{quote} in 1 hr tf it is goingto touch 200 SMA and if it got rejected there i ll add a small short there.... wht u say... ..

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Quoting Carlicus

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{quote} Don't worry, it's ok That kind of coincidences are very strange, in my opinion. When I traded the stock market some years ago, in a Spanish stock market forum, many people posted that coincidences like that, and they usually meant something. So I think that in forex it may happen the same. This, together with a volume analysis, makes me think that on monday we are gonna be retesting 1.69 at least. {image}

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Quoting elbert3

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short 6892

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Quoting thevolatile

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{quote} Exactly the same, hopefully we are both correct. But this Bull seems to be really strong

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