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Cable Update (GBPUSD)

  • #386,141
  • Jul 9, 2014 9:19am Jul 9, 2014 9:19am
Quoting elbert3
{quote} well done were you on the profit side may i ask Navk,, regards E
No, I closed with some loss yesterday when it hit 1.71000 level.

Then I again shorted around 1.7130 to 1.7140.

This morning again I closed all trades.
overall small loss though.
Intraday only.
  • #386,142
  • Jul 9, 2014 9:22am Jul 9, 2014 9:22am
I look for daily pivot levels, open price, and some of my indis to take trades.

But in this pair a week back, I listened to some one ( You know who is that ) here and ended up in a mess.
Intraday only.
  • #386,143
  • Jul 9, 2014 9:23am Jul 9, 2014 9:23am
I dont blame others for advising here, but one must know whether it is worth the trade as per advice.
Intraday only.
  • #386,144
  • Jul 9, 2014 9:26am Jul 9, 2014 9:26am
Quoting moneymove
{quote} SL move to BE ++ {image}
TP @ today open hit.
Now I'm really going to sit on my hands....
That which does not kill us makes us stronger
  • #386,145
  • Jul 9, 2014 9:26am Jul 9, 2014 9:26am
It is advisable to be flat now before FOMC crackers.
Intraday only.
  • #386,146
  • Jul 9, 2014 9:30am Jul 9, 2014 9:30am
I f you are a follower of some one, you may loose, you do not now what kind of trader he is...

He may be a position trader unlike you, if you are a day trader.

As a day trader, your stop loss limits are thin,, for a position trader, no stop loss, or may be huge.
Intraday only.
  • #386,147
  • Jul 9, 2014 9:31am Jul 9, 2014 9:31am
Quoting navk
I dont blame others for advising here, but one must know whether it is worth the trade as per advice.
never read them as advice ,they are traders opinions and it depends s if their opinions are the same as yours,? if you take the trade ..fx is about trading probability ,,sorry for your loss there will be other trades ,,,E
  • #386,148
  • Jul 9, 2014 9:33am Jul 9, 2014 9:33am
What the fuck happened???
  • #386,149
  • Jul 9, 2014 9:36am Jul 9, 2014 9:36am
Quoting navk
I f you are a follower of some one, you may loose, you do not now what kind of trader he is... He may be a position trader unlike you, if you are a day trader. As a day trader, your stop loss limits are thin,, for a position trader, no stop loss, or may be huge.
Believe it or not, even position traders got a decent-size S/Ls....anyone not using S/L or hiding behind
huge S/Ls is either crazy or flat-out doesn't know how to trade.

And definitely agree on your point on gurus...how could you let yourself be influenced....just curious...
Hear the music before the song is over ...
  • #386,150
  • Jul 9, 2014 9:37am Jul 9, 2014 9:37am
Quoting elbert3
{quote} never read them as advice ,they are traders opinions and it depends s if their opinions are the same as yours,? if you take the trade ..fx is about trading probability ,,sorry for your loss there will be other trades ,,,E
I have two trading accounts and trade simultaneously.

One a/c was in a mess due to this shorting of this pair. Now flat.

Other trading a/c is going nicely, my returns are good too.

In the other trading a/c, As per my trading plan, I look to achieve at least 2 % of capital per day.

I make 3 to 6 % per day based on my trading system and nicely growing as per my trading plan
Intraday only.
  • #386,151
  • Jul 9, 2014 9:39am Jul 9, 2014 9:39am
Quoting GlobalMacro
{quote} Believe it or not, even position traders got a decent-size S/Ls....anyone not using S/L or hiding behind huge S/Ls is either crazy or flat-out doesn't know how to trade. And definitely agree on your point on gurus...how could you let yourself be influenced....just curious...
I will not get influenced by anyone's advice in the future, For sure.

Lessons learnt.
Intraday only.
  • #386,152
  • Jul 9, 2014 9:39am Jul 9, 2014 9:39am
Trade confirmation
On 09-Jul-2014 at 14:36:28 (GMT)
You sold 5 GBPUSD @ 1.71414 for value date 11-Jul-2014
Front office position id: 139987261
Account:5589929

SL 52
  • #386,153
  • Jul 9, 2014 9:51am Jul 9, 2014 9:51am
Quoting elbert3
Trade confirmation On 09-Jul-2014 at 14:36:28 (GMT) You sold 5 GBPUSD @ 1.71414 for value date 11-Jul-2014 Front office position id: 139987261 Account:5589929 SL 52
running pretty much identical trade except short at 1.71425 and S/L at 1.71510
  • #386,154
  • Jul 9, 2014 9:56am Jul 9, 2014 9:56am
Quoting GlobalMacro
Yesterday closed as a hammer !!! {image}
Yesterday's hammer is in the process of getting confirmed by -- guess what -- yes that's right....another HAMMER today.
Attached Image (click to enlarge)
Click to Enlarge Name: 1DailyCable.png Size: 9 KB
Hear the music before the song is over ...
  • #386,155
  • Jul 9, 2014 10:03am Jul 9, 2014 10:03am
Quoting GlobalMacro
{quote} Yesterday's hammer is in the process of getting confirmed by -- guess what -- yes that's right....another HAMMER today. {image}
i was just going to post that...lol s what the plan boss
  • #386,156
  • Jul 9, 2014 10:03am Jul 9, 2014 10:03am
Quoting GlobalMacro
{quote} Yesterday's hammer is in the process of getting confirmed by -- guess what -- yes that's right....another HAMMER today. {image}
Yeah, looks bullish and will break recent high.

FOMC to confirm this.
Intraday only.
  • #386,157
  • Jul 9, 2014 10:10am Jul 9, 2014 10:10am
hammers hammer things down??? no
  • #386,158
  • Jul 9, 2014 10:12am Jul 9, 2014 10:12am
Quoting navk
{quote} Yeah, looks bullish and will break recent high. FOMC to confirm this.
if highs are to be taken out, that would trigger quite a few stops ...
Hear the music before the song is over ...
  • #386,159
  • Jul 9, 2014 10:15am Jul 9, 2014 10:15am
Good day,

Took a few north on the 4hr and closed. Although 4hr still showing long - took a first short on the daily again. Will start adding more as the 4hr turns bearish again - as I believe if both agree, we may see more directional purpose. At this point, they are mixed.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 57 KB
  • #386,160
  • Jul 9, 2014 10:25am Jul 9, 2014 10:25am
Quoting GlobalMacro
{quote} Yesterday's hammer is in the process of getting confirmed by -- guess what -- yes that's right....another HAMMER today. {image}
hi G
this candle is a long legged doji . we know that this is a bearish reversal pattern with high reliability .
in fact this is a confirmation for bearish hanging man (past days).
attention: a bullish Hammer is a bullish reversal pattern with low reliability and Location of a hammer on the bottom no top.
Hussin
best regards
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