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Cable Update (GBPUSD)

  • #397,981
  • Sep 10, 2014 3:52pm Sep 10, 2014 3:52pm
Quoting GlobalMacro
{quote} Setting t/p @ 1.6264 --> long @ 1.6202 s/l : 1.6140 t/p : 1.6264
good luck with this long, GM.

had been busy with dow scalping and totally missed cable today. but this is the life of an discretionary trader, trying to look at 4 underlyings...

all the best
d1
fortis fortuna adiuvat
  • #397,982
  • Edited 6:02pm Sep 10, 2014 4:12pm | Edited 6:02pm
Quoting Brotyboy
{quote} For almost 40 years, Westminster has been partying on oil, and what does it have to show for it? Debt of £1.4 Trillion. Your post consists entirely of what is known as 'whataboutery'. Your first post concerned bank bailouts and the follow ups have been rambling incoherent monologues which have not addressed the realities of the situation from a knowledge or experience POV. Not one positive case for the Union and more dissing of Scotland from a self-evident political and economic ignoramus. Care to speculate on the per capita GDP of the UK...
Just need more devolution.........no need to go that far as in leave totally......theres lots of uncertainty ahead if Yes.......

And half the people in Scotland agree with me..........
  • #397,983
  • Sep 10, 2014 4:39pm Sep 10, 2014 4:39pm
Quoting elbert3
{quote} Homeboy my dear GM,?????????


Have a good one , Billy , ma main man. See you later.
Hear the music before the song is over ...
  • #397,984
  • Sep 10, 2014 4:44pm Sep 10, 2014 4:44pm
Quoting deltaone
{quote} good luck with this long, GM. had been busy with dow scalping and totally missed cable today. but this is the life of an discretionary trader, trying to look at 4 underlyings... all the best d1
oooohh , what's that ... you grown mustache overnight.

See what discretionary trading can do to you ?!! ...


Thanks Delta. Have a good one.
Hear the music before the song is over ...
  • #397,985
  • Sep 10, 2014 4:51pm Sep 10, 2014 4:51pm
Quoting GlobalMacro
{quote} Have a good one , Billy , ma main man. See you later.
lol night GM
  • #397,986
  • Sep 10, 2014 4:51pm Sep 10, 2014 4:51pm
Quoting GlobalMacro
{quote} oooohh , what's that ... you grown mustache overnight. See what discretionary trading can do to you ?!! ... Thanks Delta. Have a good one.
i´ll keep it that way, it´s the image of the greatest polish politician, i guess
fortis fortuna adiuvat
  • #397,987
  • Sep 10, 2014 9:20pm Sep 10, 2014 9:20pm
Yawn..my cell phone trade alert woke me up...shorted GU at 1.62038.

Moved my SL to lock profit...turning the cell off ...back to zzzz
  • #397,988
  • Sep 10, 2014 9:27pm Sep 10, 2014 9:27pm
Just a think on GU:

IF the gap "MUST" filled before the poll, its seem just free gift ammo for seller otherwise could be gap trap as misdirection for the real move....
While knowledge speak up, the wisdom listen down
  • #397,989
  • Sep 10, 2014 9:38pm Sep 10, 2014 9:38pm
Gaps don't "have" to fill.

I never understood that mentality.

It's just price action over the weekend that isnt shown because your broker was at home fucking his wife in the million dollar house you bought him with that outrageous spread you pay each trade instead of manning the servers for you. Filling gaps is nothing but a superstition.

The EXACT same mentality would be expecting price action to go back to exactly where it was before you left your trading desk to take a piss- for no other reason except you weren't there to witness it.
  • #397,990
  • Sep 10, 2014 9:46pm Sep 10, 2014 9:46pm
Depending on how fast price moves up, the probability of revisiting 1.65 (slow move) - 1.67 (fast move) first is higher than the probability of any new low.
Build good relationships with others.
  • #397,991
  • Sep 10, 2014 10:38pm Sep 10, 2014 10:38pm
Quoting Pharm0r
Gaps don't "have" to fill. I never understood that mentality. It's just price action over the weekend that isnt shown because your broker was at home fucking his wife in the million dollar house you bought him with that outrageous spread you pay each trade instead of manning the servers for you. Filling gaps is nothing but a superstition. The EXACT same mentality would be expecting price action to go back to exactly where it was before you left your trading desk to take a piss- for no other reason except you weren't there to witness it.
Try to search any information about the gap, yes right it is not always filled, but 70% it filled historically...just like any best technical indicator average give us 70% accuracy, the rest is depend on your mentality and Money management...
  • #397,992
  • Sep 10, 2014 10:42pm Sep 10, 2014 10:42pm
Quoting Red Alert
{quote} Try to search any information about the gap, yes right it is not always filled, but 70% it filled historically...just like any best technical indicator average give us 70% accuracy, the rest is depend on your mentality and Money management...
I have seen the "research". Now I challenge you to find research that includes every modality used to trade, and every gap ever to have happened- and see if that is still the case.

Ill save you the time- there is no such research.
  • #397,993
  • Sep 10, 2014 11:02pm Sep 10, 2014 11:02pm
Gidday GBP/US

Hard case, we must be taking the long way to hell

Bit confused to say the least

Got shorts under water now

Bit pissed off after ditching my longs

an this pile shit starts to crawl back up again
  • #397,994
  • Sep 10, 2014 11:27pm Sep 10, 2014 11:27pm
Poll of the day:

Since the price close to the gap area. What do you think about the gap?

1. Price will fill it and move higher.
2. Price will fill it and move down heavily.
3. Price never touch gap area until next week.
4. Price will move the way he like and don’t care about gap exist or not.
Attached Image (click to enlarge)
Click to Enlarge Name: gu01.png Size: 31 KB
While knowledge speak up, the wisdom listen down
  • #397,995
  • Sep 10, 2014 11:43pm Sep 10, 2014 11:43pm
Quoting eliteincome
Gidday GBP/US Hard case, we must be taking the long way to hell Bit confused to say the least Got shorts under water now Bit pissed off after ditching my longs an this pile shit starts to crawl back up again
"this pile of shit" I like the way you comment
Peace & Pips
  • #397,996
  • Sep 11, 2014 12:01am Sep 11, 2014 12:01am
Quoting Pharm0r
{quote} I have seen the "research". Now I challenge you to find research that includes every modality used to trade, and every gap ever to have happened- and see if that is still the case. Ill save you the time- there is no such research.
Hello, it is not based on trade historical but simply the chart it self, just check historically in any TF on your chart and try to find when it filled, some of them filled soon and the others should wait longer.
I 've watched fxstreet web binar discussing how to trade the gap, but it is not always accurate, no 100% chance in wild bussiness like this.

Regards
  • #397,997
  • Sep 11, 2014 12:11am Sep 11, 2014 12:11am
Quoting eliteincome
Gidday GBP/US Hard case, we must be taking the long way to hell Bit confused to say the least Got shorts under water now Bit pissed off after ditching my longs an this pile shit starts to crawl back up again
hello Brother,

Seems like cable doesn't like you, .... take it easy.....if you feel not comfort just close your position and find better one...

Regards
  • #397,998
  • Sep 11, 2014 12:30am Sep 11, 2014 12:30am
Hello red alert

No problems

still picking up a few wins

Keeping the trade size down

As the Scot thing might flare up an it

does take a fast dive below 1.60.

Just want to be on the right bus
  • #397,999
  • Sep 11, 2014 12:31am Sep 11, 2014 12:31am
Quoting eliteincome
Gidday GBP/US Hard case, we must be taking the long way to hell Bit confused to say the least Got shorts under water now Bit pissed off after ditching my longs an this pile shit starts to crawl back up again
Hi Eliteincome, I hear you.. hopefully this pile of elephant shit drops hard with this trend again a few hundred pips..
waiting, anticipating, pacing..

up and now consolidating way too long.. if not today I can see a probable drop within the week..
  • #398,000
  • Sep 11, 2014 12:50am Sep 11, 2014 12:50am
Quoting eliteincome
Hello red alert No problems still picking up a few wins Keeping the trade size down As the Scot thing might flare up an it does take a fast dive below 1.60. Just want to be on the right bus
Scott issue make cable become too sensitive with any rumor...
The direction also unpredictable, sharp and wild

More like a gambling game to me right now

My feeling says north offering better chance....., except scott issue will make it deeply down...
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