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Cable Update (GBPUSD)

  • #397,441
  • Sep 8, 2014 10:22am Sep 8, 2014 10:22am
Quoting nAVIN2007
{quote} after gap ..im still short..yearly is bearish just looking for gap
trading gap in extreme market conditions , you better play with fire , it's safer . hope guests and members don't follow you just coz you have some kind of
Attached Image
next to your nick .
Get Rich or Die Tryin
  • #397,442
  • Sep 8, 2014 10:25am Sep 8, 2014 10:25am
Quoting nAVIN2007
{quote} i can assure im on it bring ittttttttttttt!
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 57 KB
??
  • #397,443
  • Edited 11:18am Sep 8, 2014 10:48am | Edited 11:18am
Quoting traderjai_inhi
{quote} Good read here, if you havent seen it recently. What do ya'll think, what step are you on? {quote}
Hey Jai, I read that, the Author has just complicated it. He tried to put too many things in Trader's mind and I could read, you took it as it is. He scared Traders and not advice at all.

Follow simple rules as I said. Simplicity pays more.

Try to find out a system or take a trade which will give you 10 pips a day constantly with out loss.

You will have in your pocket 200 k after week 50.
Intraday only.
  • #397,444
  • Sep 8, 2014 10:48am Sep 8, 2014 10:48am
Quoting elbert3
{quote} {image} ??

lot of goOd trades on daily and weekly setup,,,relax and do other thing while you wait for daily or weekly closing..the risk is high but the reward is also high lower tf is shit
MY OPINION NOT FINANCIAL ADVISE
  • #397,445
  • Sep 8, 2014 10:50am Sep 8, 2014 10:50am
Quoting navk
{quote} These are technical levels, FIB plays important role in FX But keep watching 1.6230 too. That level also may offer resistance. Then the gap needs to be closed too technically.

Yes well looks like I win this one. :-)
If you fall, I shall be there. - The floor
  • #397,446
  • Sep 8, 2014 10:53am Sep 8, 2014 10:53am
Quoting samaralala
{quote} Yes well looks like I win this one. :-)
If I were you, I shall open long trades when it dips now until it reaches 6250.

But do not follow me, do your own analysis, good for you in the long run.
Intraday only.
  • #397,447
  • Sep 8, 2014 10:56am Sep 8, 2014 10:56am
Quoting samaralala
{quote} Yes well looks like I win this one. :-)
The PA retraces slowly normally especially when it retraces.

First step will be 38 % of today's drop then 38 % of next high, then 38 % of next high... so on.

See the attached chart why and how it retraced.

why ? 200 EMA in 5 min chart. !

How ? 68 % retracement. !
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 39 KB
Intraday only.
  • #397,448
  • Sep 8, 2014 10:58am Sep 8, 2014 10:58am
[quote=navk;7724375]{quote} If I were you, I shall open long trades when it dips now until it reaches 6250. But do not follow me, do your own analysis, good for you in the long run.[/quot


I am sorry I am only shorting GBP until referendum. Those of you willing to risk off you go Long I wait then i sell high. :-)
If you fall, I shall be there. - The floor
  • #397,449
  • Sep 8, 2014 10:59am Sep 8, 2014 10:59am
Quoting donfriday
{quote} lot of goOd trades on daily and weekly setup,,,relax and do other thing while you wait for daily or weekly closing..the risk is high but the reward is also high lower tf is shit
Thanks Don ,,just scalping on the 5 min for now ,but thanks E
  • #397,450
  • Edited 11:23am Sep 8, 2014 11:04am | Edited 11:23am
Hi HDA ,
ok ,lets not discuss the 500 pip drawdown ,
please answer question as put last week ,you say
"i have an institutional account "
why ?
isn't it just to flummox readers ,
that an institutional account is for institutions ,not a single person ,
which your not ?
and any group with a small amount of money can open one ?

warm regards
Bones
bonesfx.co.uk.ok.righto


Definition - What does Institutional Account mean?
Institutional Account is an account in the name of an institution, operated for the benefit of others, i.e. banks and mutual funds. There is no minimum size for an institutional account.

https://www.barclaysstockbrokers.co....titutions.aspx

Quoting HDA
{quote} Warm Regards, HDA
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #397,451
  • Sep 8, 2014 11:05am Sep 8, 2014 11:05am
[quote=samaralala;7724381]
Quoting navk
{quote} If I were you, I shall open long trades when it dips now until it reaches 6250. But do not follow me, do your own analysis, good for you in the long run.[/quot I am sorry I am only shorting GBP until referendum. Those of you willing to risk off you go Long I wait then i sell high. :-)
I do not deny selling it. But not at this level.

There are few, who takes oversold situation into account before shorting.
Intraday only.
  • #397,452
  • Sep 8, 2014 11:08am Sep 8, 2014 11:08am
LMAO

Entertaining ..........
  • #397,453
  • Sep 8, 2014 11:27am Sep 8, 2014 11:27am
au forming bearish continuation
nu netural a break below 8271 trigger a bearish continuation..
eu at key support
here is usd idx chart showing bullish continuation to key resistance..so why are are you buy eu and gu just yet for small profit
Attached Image (click to enlarge)
Click to Enlarge Name: USDIDXWeekly.png Size: 72 KB
MY OPINION NOT FINANCIAL ADVISE
  • #397,454
  • Sep 8, 2014 11:27am Sep 8, 2014 11:27am
[quote=navk;7724388]
Quoting samaralala
{quote} I do not deny selling it. But not at this level. There are few, who takes oversold situation into account before shorting.
I say GBP is only to be shorted, if you like to win, else well, do as you wish. If you are a LONG bias then maybe go long on USACAD - at least there is plenty of room there...up to 1.33

:-)
If you fall, I shall be there. - The floor
  • #397,455
  • Sep 8, 2014 11:28am Sep 8, 2014 11:28am
Quoting nAVIN2007
{quote} YES..at least till this gap closes
If this don't make a new LOW today, GAP could possibly be filled tomorrow
A good trader follows his rules, but great trader knows when to break them
  • #397,456
  • Sep 8, 2014 11:32am Sep 8, 2014 11:32am
Quoting ill_be_back
{quote} If this don't make a new LOW today, GAP could possibly be filled tomorrow
Yes it will but you might be one year older as well. :-)
If you fall, I shall be there. - The floor
  • #397,457
  • Sep 8, 2014 11:33am Sep 8, 2014 11:33am
Quoting samaralala
{quote} Yes it will but you might be one year older as well. :-)
Good One
A good trader follows his rules, but great trader knows when to break them
  • #397,458
  • Sep 8, 2014 11:37am Sep 8, 2014 11:37am
Quoting navk
{quote} Hey Jai, I read that the Author has just complicated it. Follow simple rules as I said. Try to find out a system or take a trade which will give you 10 pips a day constantly with out loss. You will have in your pocket 200 k after week 50.
How consistently can you take only 10 pips with no loss? What do you feel is an acceptable loss in the event you have one?

It sounds nice and easy, and excel sheets make it look simple but the reality Im afraid is much different.

If it were really that easy then everyone would be doing it and sadly, they arent.

I usually pull out the 5 steps for a little reality check (for myself). It was a good read then and still can be. Most weeks I believe I am between step 4 and 5, sometimes when markets change i step back to step 3.

For anyone that cares, not that any of you do, but this is where I got my start. It has morphed over the years but is still a nice little plan.
Attached File(s)
File Type: pdf article_new_small.pdf   485 KB | 442 downloads
  • #397,459
  • Sep 8, 2014 11:37am Sep 8, 2014 11:37am
Quoting Bones
Hi HDA , ok ,lets not discuss the 500 pip drawdown , please answer question as put last week ,you say "i have an institutional account " why ? isn't it just to flummox readers , that an institutional account is for institutions ,not a single person , which your not ? and any group with a small amount of money can open one ? warm regards Bones bonesfx.co.uk.ok.righto Definition - What does Institutional Account mean? Institutional Account is an account in the name of an institution, operated for the benefit of others, i.e. banks and mutual funds....

when you are hidding inside your computer you can claim to be the president of your country...
MY OPINION NOT FINANCIAL ADVISE
  • #397,460
  • Sep 8, 2014 11:38am Sep 8, 2014 11:38am
Quoting ill_be_back
{quote} Good One

this forum full of experts and all definitely know where it is heading..but few appear to follow news....Charting all the WAY! chart chart chart la la la la

I love it :-)
If you fall, I shall be there. - The floor
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