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Cable Update (GBPUSD)

  • #395,561
  • Aug 31, 2014 10:59am Aug 31, 2014 10:59am
In spite of the vagaries of the Forex market, I have some good news. I've closed all positions and have made a profit of 22.5% of my balance at the start of this week. So one can certainly make money in Forex though it can be a painful learning experience. Qualities such as discipline, humility, cunning, courage, patience, numeracy, planning, composure have to be brought to the arena. If these are not innate, they can be acquired if one perseveres.

I intend to supplement my income with Forex trading and I know once one has experience, this is a legitimate lucrative business that has the capability of enabling the skilled trader to make substantial profit, though it is difficult.

I have resolved to climb this hill of learning because I know when I reach the top I will enjoy the crests and peaks of success. Have a happy weekend one and all.
  • #395,562
  • Edited 3:41pm Aug 31, 2014 1:11pm | Edited 3:41pm
Quoting Steve J
In spite of the vagaries of the Forex market, I have some good news. I've closed all positions and have made a profit of 22.5% of my balance at the start of this week. So one can certainly make money in Forex though it can be a painful learning experience. Qualities such as discipline, humility, cunning, courage, patience, numeracy, planning, composure have to be brought to the arena. If these are not innate, they can be acquired if one perseveres. I intend to supplement my income with Forex trading and I know once one has experience, this is a...
Well done! Never blindly follow anyone and keep an open mind. Both will serve you well on your path.
Ghost Rider - WWTBMD?
  • #395,563
  • Aug 31, 2014 2:09pm Aug 31, 2014 2:09pm
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one can see the ranges,will it go into a new range in blue ???
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the tecs /emas for me is up buy chance on the red line ,
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if we can get higher the 20 and 100 showing strength if price can break that we will be out of the tl and then up,??
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again if up then 20 ema is the target 668 area a fail and take out the bottom we will look to 6350 6250 ,that it good luck E
  • #395,564
  • Aug 31, 2014 4:06pm Aug 31, 2014 4:06pm
aaahh haaa

A 4 pip gap down, lookout guys boooga booooga booooga

Come with me if you want to live....
  • #395,565
  • Aug 31, 2014 4:36pm Aug 31, 2014 4:36pm
Quoting Ill-b-back
aaahh haaa A 4 pip gap down, lookout guys boooga booooga booooga
i got o gap,,? sorry i forgot IB .are you in a trade ,,regards E
  • #395,566
  • Aug 31, 2014 4:42pm Aug 31, 2014 4:42pm
Quoting Ill-b-back
aaahh haaa A 4 pip gap down, lookout guys boooga booooga booooga
I'm only showing 1 pip. Should I worry? ...
Ghost Rider - WWTBMD?
  • #395,567
  • Aug 31, 2014 5:07pm Aug 31, 2014 5:07pm
Quoting albchr
{quote} I'm only showing 1 pip. Should I worry? ...
So you see, IBB had a 4 pip gap down. Billy had O and I had on my demo that opened an hour ago 1 pip. On my live account that just opened now a 12 pip on the "time based" charts. None of which are "real" gaps.

My live account 233 tick chart shows the truth. No gap at all. All data present and accounted for.
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Ghost Rider - WWTBMD?
  • #395,568
  • Aug 31, 2014 5:15pm Aug 31, 2014 5:15pm
Quoting elbert3
{quote} Lol the ruskies could change this some big problems over the weekend Chris,soooooooon know buddy gl with all this week healing to your mum B
Well anything is possible Billy and we can't do much about it. So for now, all I can do is go by my charts.
Ghost Rider - WWTBMD?
  • #395,569
  • Aug 31, 2014 5:22pm Aug 31, 2014 5:22pm
Quoting albchr
{quote} Well anything is possible Billy and we can't do much about it. So for now, all I can do is go by my charts.
i got pp out so flat ,,i cant stay awake but i dont want to miss the trade 6586 might be the number long so i am putting order on and going to bed 6596 ,night night
  • #395,570
  • Aug 31, 2014 5:29pm Aug 31, 2014 5:29pm
Quoting elbert3
{quote}i got pp out so flat ,,i cant stay awake but i dont want to miss the trade 6586 might be the number long so i am putting order on and going to bed 6596 ,night night
Have a good rest buddy.
Ghost Rider - WWTBMD?
  • #395,571
  • Aug 31, 2014 6:12pm Aug 31, 2014 6:12pm
Quoting cspip
{quote} EU short to 1.3125
Got to it during the open.........lets try a long from it..........


And GU long from 1.6575
  • #395,572
  • Aug 31, 2014 9:31pm Aug 31, 2014 9:31pm
Quoting elbert3
{quote} i got o gap,,? sorry i forgot IB .are you in a trade ,,regards E
I'm in 6 trades, 3 buys, 3 sells

I'm going to make money both ways if I'm lucky lol
Come with me if you want to live....
  • #395,573
  • Aug 31, 2014 9:31pm Aug 31, 2014 9:31pm
Quoting albchr
{quote} I'm only showing 1 pip. Should I worry? ...
Yeah man, I'm coming to get you
Come with me if you want to live....
  • #395,574
  • Sep 1, 2014 12:08am Sep 1, 2014 12:08am
h1 h4 daily lined up so scalp dips but this is a weak trend

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  • #395,575
  • Sep 1, 2014 12:35am Sep 1, 2014 12:35am
Now, i can admit that 1.6630 is about to break and 1.6730-40 resistance zone is nearer than i thought. Bulls coming back but the important events scheduled during the week alarms investors not to take BIG decision.
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  • #395,576
  • Sep 1, 2014 12:54am Sep 1, 2014 12:54am
thanks srt, i'll look into it, at work now, thanks for the help ; )

Quoting srt
{quote} I know your question was for HDA so I'll let him answer it but I'll just throw out my guess (probably wrong :-))as to what he was trying to say. This was HDA's fib description: "If you used fibs like I'm observing most traders have been doing - if you know where to draw the fibs correctly, we are between the .786 and .86 retrace and the D extension for a .786 and .86 is 1.27 " ***Please see HDA's post for a much more in-depth analysis of the recent activity (http://www.forexfactory.com/showthread.php?p=7704513#post7704513)...
  • #395,577
  • Sep 1, 2014 1:14am Sep 1, 2014 1:14am
Quoting Fx_Anil
Now, i can admit that 1.6630 is about to break and 1.6730-40 resistance zone is nearer than i thought. Bulls coming back but the important events scheduled during the week alarms investors not to take BIG decision. {image}
This is a correction just about to be retraced, isn't it?
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #395,578
  • Sep 1, 2014 1:15am Sep 1, 2014 1:15am
Quoting skyhok
{quote} This is a correction just about to be retraced, isn't it? {image}
Probably Yes.....
  • #395,579
  • Sep 1, 2014 1:16am Sep 1, 2014 1:16am
Quoting Kajos2250
{quote} WPP touched again, reached yesterday high failed, closed, maybe next run, next buy limit .6581, H4 looking good at the moment... {image}
Hoping next H4 can close above last week high, until long scalping continues, next buy limit .6592...

Good luck!
Attached Image(s) (click to enlarge)
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Anything is math!
  • #395,580
  • Sep 1, 2014 1:29am Sep 1, 2014 1:29am
Looks like cable is building up for shitty news and better shorts.
Everyone can see the chart, but only a few can actually read it.
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