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Cable Update (GBPUSD)

  • #396,381
  • Sep 4, 2014 8:41am Sep 4, 2014 8:41am
Quoting Bones
I saw it and I thought well done for closing with profit ,,if you took a short at exactly the same time how many times more profit would you have , now you suggest buying eur aud, thats 195 pips down today ? {quote} {image}
Maybe for a bounce then short. More below.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDWeekly94.jpg Size: 157 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #396,382
  • Sep 4, 2014 8:43am Sep 4, 2014 8:43am
its telling you something but your not listening

Quoting navk
{quote} The ADR is as follows : ERUAUD : 240 AGAINST 90. GBPAUD : 145 against 115 EURNZD : 237 against 82.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,383
  • Sep 4, 2014 8:45am Sep 4, 2014 8:45am
I already helped you with h1 ,




Quoting Bones
yes RN ,I like numbers ,personally at this point that H1 is not something id worry about being short ,if I'm honest id rarely look down that low unless I was trading a higher tf {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp AUD h1 2 (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,384
  • Sep 4, 2014 8:47am Sep 4, 2014 8:47am
1.6405 gap is closed and it went down more in stoploss run. took a contrarian trade in gbp/cad against the trend. long 1.7811. what will happen time will tell but until 1.64 is not broken again I remain long
  • #396,385
  • Sep 4, 2014 8:51am Sep 4, 2014 8:51am
sell any pullback ,

Quoting giveachance
1.6405 gap is closed and it went down more in stoploss run. took a contrarian trade in gbp/cad against the trend. long 1.7811. what will happen time will tell but until 1.64 is not broken again I remain long
Attached Image (click to enlarge)
Click to Enlarge Name: gbp CAD w1 4 (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,386
  • Sep 4, 2014 8:52am Sep 4, 2014 8:52am
Quoting Bones
I already helped you with h1 , {quote} {image}
Trend line will be retested.
Intraday only.
  • #396,387
  • Sep 4, 2014 8:54am Sep 4, 2014 8:54am
Quoting Bones
sell any pullback , {quote} {image}
I agree but to some extend. I think pullback can be a big one. 1.64 to 1.68 area can be traversed if 6360 holds. If it gives away then may sell. I watched the charts today and it never broke 6405 until draghi started speaking so it was draghi effect. another problem I see is 6800 was tough to break and when broken it never recovered. Similar issue I see with 1.64
  • #396,388
  • Sep 4, 2014 8:58am Sep 4, 2014 8:58am
usd/cad never touched 1.0800 today in bullish aussie run. so it may be done as well.
  • #396,389
  • Sep 4, 2014 9:04am Sep 4, 2014 9:04am
Quoting johnsmith78
GU testings the USA lows to break more stoplosses for new lows at the moment..
  • #396,390
  • Edited 9:45am Sep 4, 2014 9:04am | Edited 9:45am
insane ...
  • #396,391
  • Edited 9:45am Sep 4, 2014 9:05am | Edited 9:45am
insane ...
  • #396,392
  • Sep 4, 2014 9:09am Sep 4, 2014 9:09am
cad is bullish G

Quoting giveachance
usd/cad never touched 1.0800 today in bullish aussie run. so it may be done as well.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,393
  • Sep 4, 2014 9:12am Sep 4, 2014 9:12am
Quoting Bones
cad is bullish G {quote}
yes for long term. no for medium term and short term. its overrun itself on the downside
  • #396,394
  • Sep 4, 2014 9:18am Sep 4, 2014 9:18am
Quoting navk
{quote} Did you see my GA trade closure ( long ) yesterday with nice profit ? I posted few pages b4.
lol, you mean the one where you took 15 pip profit and the 30 pip stop? You surely cant think this is a viable long term strategy, can you? Imagine if you traded with the trend....
  • #396,395
  • Edited 9:44am Sep 4, 2014 9:20am | Edited 9:44am
Is GU bull or bear?
  • #396,396
  • Sep 4, 2014 9:21am Sep 4, 2014 9:21am
Quoting traderjai_inhi
{quote} lol, you mean the one where you took 15 pip profit and the 30 pip stop? You surely cant think this is a viable long term strategy, can you? Imagine if you traded with the trend....
Seems you have viable strategy. Nice.
Intraday only.
  • #396,397
  • Sep 4, 2014 9:40am Sep 4, 2014 9:40am
Quoting GlobalMacro
{quote} Absolutely and that is a total piece of nonsense of a rationale for anybody to hold on to a losing position .
As much as not using stop loss is a very bad idea....

The guy DID call his trades beforehand and that outta count for something...
Calling trades after the fact is even worse than not using stop loss !
Hear the music before the song is over ...
  • #396,398
  • Sep 4, 2014 9:40am Sep 4, 2014 9:40am
Quoting cspip
EURUSD down to around 1.2988
A good trader follows his rules, but great trader knows when to break them
  • #396,399
  • Sep 4, 2014 9:43am Sep 4, 2014 9:43am
It is certainly better than that!
  • #396,400
  • Sep 4, 2014 9:44am Sep 4, 2014 9:44am
Good for you
Intraday only.
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