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Cable Update (GBPUSD)

  • #395,901
  • Sep 2, 2014 8:53am Sep 2, 2014 8:53am
pro-independence Scots narrowing gap - Cable is very heavy , 6500 is an option barrier , longs just above that figure with SL @6500 are advisable .
Get Rich or Die Tryin
  • #395,902
  • Sep 2, 2014 8:59am Sep 2, 2014 8:59am
Quoting Bones
Hi H , 2k to 10k in 5 weeks ,10k to 100k in 5 weeks building as you go over 7-8 pairs ,risk reduced as you go gbp is very clear bear {quote} {image}
Sounds hard to believe, but congrats if you have done it. What was the risk % wise in the beginning? And you probably did not scalp, but managed to catch a good run with the max. position?
Fix up, trade sharp ...
  • #395,903
  • Sep 2, 2014 9:00am Sep 2, 2014 9:00am
Quoting cspip
{quote} Might be a triple bottom on the H4......could touch down to around 1.6508.....or bounce back up....... .........but it did close above 1.6533...........

lets see if it can hold
  • #395,904
  • Sep 2, 2014 9:11am Sep 2, 2014 9:11am
Hi H ,its the truth ,risk aversion was the theme ,

Quoting Hickson
{quote} Sounds hard to believe, but congrats if you have done it. What was the risk % wise in the beginning? And you probably did not scalp, but managed to catch a good run with the max. position?
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,905
  • Sep 2, 2014 9:14am Sep 2, 2014 9:14am
Quoting Bones
Hi H ,its the truth ,risk aversion was the theme , {quote} {image}
Ah, I see. So you caught the big one. Don't know how it should be done with daytrading ...
Fix up, trade sharp ...
  • #395,906
  • Sep 2, 2014 9:14am Sep 2, 2014 9:14am
Quoting YardiFX
{quote} It depends on how they see the long term value of the pound, 88.6 is a very important number in Fibonacci.... so depending on where strong buy comes in we can see what is their longer term value for the pound on retracement
thanks
  • #395,907
  • Sep 2, 2014 9:15am Sep 2, 2014 9:15am
Out! continuation short 1-1 GU. Will wait to see how price reacts at 1.65

Also took a short scalp on the EU

Nice week so far!
  • #395,908
  • Sep 2, 2014 9:15am Sep 2, 2014 9:15am
AU may be ready to fall off the cliff too!
  • #395,909
  • Sep 2, 2014 9:16am Sep 2, 2014 9:16am
not really that big ,cable swings like that all the time ,the only way to do it is to trade weekly ,monthly through h4

Quoting Hickson
{quote} Ah, I see. So you caught the big one. Don't know how it should be done with daytrading ...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,910
  • Sep 2, 2014 9:18am Sep 2, 2014 9:18am
Quoting Bones
not really that big ,cable swings like that all the time ,the only way to do it is to trade weekly ,monthly through h4 {quote}
Yeah, sounds reasonable. I was already thinking if I should not upgrade daily charts to monthly. Hardly watch anything lower than H1.
Fix up, trade sharp ...
  • #395,911
  • Sep 2, 2014 9:18am Sep 2, 2014 9:18am
cable
The Phoenix Trader....
  • #395,912
  • Sep 2, 2014 9:19am Sep 2, 2014 9:19am
im not larging it ,honestly I try to steer people this way ,
lets look at my risk as 13 pips
say 20

Quoting Bones
not really that big ,cable swings like that all the time ,the only way to do it is to trade weekly ,monthly through h4 {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 43 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,913
  • Edited 9:32am Sep 2, 2014 9:21am | Edited 9:32am
Quoting hoom
pro-independence Scots narrowing gap - Cable is very heavy , 6500 is an option barrier , longs just above that figure with SL @6500 are advisable .
6500 barrier broken , this opens the way to 6460 -march low- as our next target .
Get Rich or Die Tryin
  • #395,914
  • Sep 2, 2014 9:22am Sep 2, 2014 9:22am
Yeah reloaded at 1.6500 I remain long
Peace & Pips
  • #395,915
  • Sep 2, 2014 9:23am Sep 2, 2014 9:23am
£23 x 20 =£460
now 124 x £23=£2,852
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,916
  • Sep 2, 2014 9:25am Sep 2, 2014 9:25am
Quoting Bones
£23 x 20 =£460 now 124 x £23=£2,852
so you have my money,,???
  • #395,917
  • Sep 2, 2014 9:25am Sep 2, 2014 9:25am
Quoting pipster1
Out! continuation short 1-1 GU. Will wait to see how price reacts at 1.65 Also took a short scalp on the EU Nice week so far!
LOl...like a hot knife through butter. So much for psych levels...
  • #395,918
  • Sep 2, 2014 9:26am Sep 2, 2014 9:26am
Took the AU short
Nice price volume surge!
  • #395,919
  • Sep 2, 2014 9:27am Sep 2, 2014 9:27am
6492 is a very good long scalp.
Everyone can see the chart, but only a few can actually read it.
  • #395,920
  • Sep 2, 2014 9:27am Sep 2, 2014 9:27am
Quoting cspip
There was a rising wedge for the past few days........with a 'fake' break out to the north yesterday, which started on Friday........... ............now its going back down and passed the previous lows...........could see around 1.6496 - 87 {image}
Could that be the low for now.......
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