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Cable Update (GBPUSD)

  • #400,901
  • Oct 1, 2014 2:14am Oct 1, 2014 2:14am
It's been a clear regular 3-3-5 flat correction developing since 10 September, now still in wave (b), with probable setup for wave (c) advance when (b) terminates.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30 13.png Size: 59 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #400,902
  • Oct 1, 2014 2:54am Oct 1, 2014 2:54am
right in work now ,,no charts i can post on the phone ,,shhhh,, looks like it trying to take out 6212 res from yesterday ,,ok that me off if it fails ,if it does break to 6250/70 ,
  • #400,903
  • Oct 1, 2014 3:00am Oct 1, 2014 3:00am
looks like eur news bringing it down again flat till uk pmi
  • #400,904
  • Oct 1, 2014 3:02am Oct 1, 2014 3:02am
short @ 1.6201 , sl & rev. : 1.6215 , tp: 1.6162
Hear the music before the song is over ...
  • #400,905
  • Oct 1, 2014 3:06am Oct 1, 2014 3:06am
Quoting GlobalMacro
short @ 1.6201 , sl & rev. : 1.6215 , tp: 1.6162
morning ,,,good night , jumped in 6197 sl 215 target open be asap before the pmi ,,on my i phone so no charts ..gl only have app ,,and its shi....??? lol ,,,hangover ????
  • #400,906
  • Oct 1, 2014 3:11am Oct 1, 2014 3:11am
Quoting GlobalMacro
short @ 1.6201 , sl & rev. : 1.6215 , tp: 1.6162
going to pull it over 200 mistake before the new ,, fools rush in comes to mind
  • #400,907
  • Oct 1, 2014 3:11am Oct 1, 2014 3:11am
Quoting chazzle
GU M15 Bearish pressure <240s/50s with 130 in sight imo
so....looking to short a pop on data
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.PNG Size: 48 KB
  • #400,908
  • Oct 1, 2014 3:18am Oct 1, 2014 3:18am
Quoting elbert3
{quote} morning ,,,good night , jumped in 6197 sl 215 target open be asap before the pmi ,,on my i phone so no charts ..gl only have app ,,and its shi....??? lol ,,,hangover ????
Morning Billy, I'm doing my best to keep a level head I'd rather not be in front of the screen today. But hey, we gotta make money right....
Hear the music before the song is over ...
  • #400,909
  • Oct 1, 2014 3:18am Oct 1, 2014 3:18am
Hi Everyone, just a question,- on average, how many pips do you take in per trade.
(Average trade you would close for profit- either manually or preplanned target)

Just assessing my trading as a swing trader as well as a shortterm trader.
Thx, rgds, M

PM if you want to keep it off the main thread..
  • #400,910
  • Oct 1, 2014 3:20am Oct 1, 2014 3:20am
Quoting chazzle
{quote} so....looking to short a pop on data {image}
morning chaz i think i am going to get yoyoed out here if pmi comes in strong green
  • #400,911
  • Oct 1, 2014 3:20am Oct 1, 2014 3:20am
Quoting elbert3
{quote} morning ,,,good night , jumped in 6197 sl 215 target open be asap before the pmi ,,on my i phone so no charts ..gl only have app ,,and its shi....??? lol ,,,hangover ????
interesting.... now ur reversing to become bearish? gosh.... if you change wives like you change ur views.... im afraid you're gona die a loner buddy....

perhaps you'd be better off trading H4, Daily and Weekly charts...

none the less im still bearish GBPUSD shorted since 1.6233 initial target at 1.6088, SL if daily close above 1.6388
Will close half my position when i hit my intial target of 1.6088 and move SL to BE for the remaining position.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #400,912
  • Oct 1, 2014 3:21am Oct 1, 2014 3:21am
Quoting elbert3
{quote} morning chaz i think i am going to get yoyoed out here if pmi comes in strong green
Is going to be RED
A good trader follows his rules, but great trader knows when to break them
  • #400,913
  • Oct 1, 2014 3:22am Oct 1, 2014 3:22am
Quoting GlobalMacro
{quote} Morning Billy, I'm doing my best to keep a level head I'd rather not be in front of the screen today. But hey, we gotta make money right....
no pain no gain,,,or in your sake pleasure then pain,, i know i was the same monday,,if you make any quick money go to bed ,,fruit juice was it ,,lol gl
  • #400,914
  • Oct 1, 2014 3:23am Oct 1, 2014 3:23am
Quoting elbert3
{quote} morning chaz i think i am going to get yoyoed out here if pmi comes in strong green
You would only get "yoyoed" in and out if you trade anything lower than a Daily chart... Look at the bigger picture... PMI data and news and data release are already PART of the daily and weekly chart Price action....

rather than looking at M30 and playing intraday markets where data release creates noise... why dont you just trade larger time frame and filter out the noise...

you'll turn crazy with heart problems if you keep monitoring the market on charts less than Daily.... for me....
i just look at the Daily chart once a day to determine entry and exits on candle closes.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #400,915
  • Oct 1, 2014 3:24am Oct 1, 2014 3:24am
Quoting fxtyrant
{quote} interesting.... now ur reversing to become bearish? gosh.... if you change wives like you change ur views.... im afraid you're gona die a loner buddy.... perhaps you'd be better off trading H4, Daily and Weekly charts... none the less im still bearish GBPUSD shorted since 1.6233 initial target at 1.6088, SL if daily close above 1.6388 Will close half my position when i hit my intial target of 1.6088 and move SL to BE for the remaining position.
lol posted last week fx prostitute ,,take the money any where ,, its called diversity ,lol gl E
  • #400,916
  • Oct 1, 2014 3:24am Oct 1, 2014 3:24am
Quoting ill_be_back
{quote} Is going to be RED
i wouldnt bet on anything before the truth comes out... besides we have seen time and time again that Data could be interpreted differently
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #400,917
  • Oct 1, 2014 3:27am Oct 1, 2014 3:27am
Quoting fxtyrant
{quote} you would only get "yoyoed" in and out if you trade anything lower than a daily chart... Look at the bigger picture... Pmi data and news and data release are already part of the daily and weekly chart price action.... Rather than looking at m30 and playing intraday markets where data release creates noise... Why dont you just trade larger time frame and filter out the noise... You'll turn crazy with heart problems if you keep monitoring the market on charts less than daily.... For me.... I just look at the daily chart once a day to determine...
i tried that but i like the scalping part of fx ,and also posted that this is not good for your health ,,so i do agree with all that you say, regards
  • #400,918
  • Oct 1, 2014 3:27am Oct 1, 2014 3:27am
Quoting elbert3
{quote} morning chaz i think i am going to get yoyoed out here if pmi comes in strong green
gl mate - for me, if the pa looks good and we have a set-up I don't mind entering before the data release, it's just a catalyst for price - right now she's at an awkward place, as I see it - so waiting for a better place, I may well miss the boat, but had a good eu trade this am already, so feel like i can afford to be picky
  • #400,919
  • Oct 1, 2014 3:30am Oct 1, 2014 3:30am
Quoting fxtyrant
{quote} you would only get "yoyoed" in and out if you trade anything lower than a daily chart... Look at the bigger picture... Pmi data and news and data release are already part of the daily and weekly chart price action.... Rather than looking at m30 and playing intraday markets where data release creates noise... Why dont you just trade larger time frame and filter out the noise... You'll turn crazy with heart problems if you keep monitoring the market on charts less than daily.... For me.... I just look at the daily chart once a day to determine...
i see that you have been in the fx a while ,i was going to pack it in about 1 month ago,i like the challange part of it ,i dont like to lose like the rest of us, now back in work and being pressured to come out of my retirement??
  • #400,920
  • Oct 1, 2014 3:31am Oct 1, 2014 3:31am
Quoting OnlineAddict
GU is setting up for a drop...not safe to long.
And 1 hour later we are 45 pips lower...nobody ever listens to me.
Everyone can see the chart, but only a few can actually read it.
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