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Cable Update (GBPUSD)

  • #402,421
  • Oct 9, 2014 7:22am Oct 9, 2014 7:22am
Quoting chazzle
{quote} ha - to the pip - out of it - and done for today, see you later
Me out @ 86.95 for +35 ticks.
Have a good one.
Hear the music before the song is over ...
  • #402,422
  • Oct 9, 2014 7:36am Oct 9, 2014 7:36am
Long triggered @ 1.6180 - I'm taking up praying - wonder if it will work for me?
  • #402,423
  • Oct 9, 2014 7:42am Oct 9, 2014 7:42am
Quoting Dr.Blue
Long triggered @ 1.6180 - I'm taking up praying - wonder if it will work for me?
You best pray harder as I've only closed half my short. Letting my other run a little but not 100% confident
Enter Signature
  • #402,424
  • Oct 9, 2014 7:42am Oct 9, 2014 7:42am
Quoting Xxavier
{quote} Should have more patience... Its getting the move up i was looking for... Taking a small size long here... @1.6102
Out of my small long for +80 pips.... Going short, full size @ 1.6185.....SL 1.6229
  • #402,425
  • Oct 9, 2014 7:44am Oct 9, 2014 7:44am
Quoting GlobalMacro
{quote} Me out @ 86.95 for +35 ticks. Have a good one.
How is your week going so far? big profit? Mine is ok... little bit in the red, ...
  • #402,426
  • Oct 9, 2014 7:54am Oct 9, 2014 7:54am
Quoting darrenware
{quote} You best pray harder as I've only closed half my short. Letting my other run a little but not 100% confident
Looks like I might be praying it's a good bounce from 1.6160
  • #402,427
  • Oct 9, 2014 7:58am Oct 9, 2014 7:58am
Quoting Xxavier
{quote} How is your week going so far? big profit? Mine is ok... little bit in the red, ...
Pretty good so far , got a little greedy y/d n didn't bank +70 pips cable trade.
You done a good job on your longs , did you use sl?
Hear the music before the song is over ...
  • #402,428
  • Oct 9, 2014 8:02am Oct 9, 2014 8:02am
Horizontal support of 1.6160, closely followed by 1.6130 (descending resistance turned support line with 40-EMA on H4 likely to limit the pair's downside.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 39 KB
  • #402,429
  • Oct 9, 2014 8:08am Oct 9, 2014 8:08am
Quoting GlobalMacro
{quote} Pretty good so far , got a little greedy y/d n didn't bank +70 pips cable trade. You done a good job on your longs , did you use sl?
No i did not use SL... Thats some thing i am working on.. When i play small lots i don't use stop loss but I use them with normal lots...
  • #402,430
  • Oct 9, 2014 8:14am Oct 9, 2014 8:14am
Quoting Fx_Anil
Horizontal support of 1.6160, closely followed by 1.6130 (descending resistance turned support line with 40-EMA on H4 likely to limit the pair's downside. {image}
i think the market will range between the bottom and 1.62..till end of month..forming a bear formation
keep an eye on the monthly..there pressure to the downside because we are below the descending trendline, dangerous to buy..i guess 1.63 is out reach because this would break the previous weekly high..

market is likely to consolidate if u ask me or break lower
confluence between the fib and resistance is the hurdle
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 60 KB
Click to Enlarge Name: MT4cable1.png Size: 61 KB
  • #402,431
  • Oct 9, 2014 8:16am Oct 9, 2014 8:16am
Quoting nAVIN2007
{quote} i think the market will range between the bottom and 1.62..till end of month..forming a bear formation keep an eye on the monthly..there pressure to the downside because we are below the descending trendline {image}
Let's hope for that
  • #402,432
  • Oct 9, 2014 8:21am Oct 9, 2014 8:21am
Quoting Fx_Anil
{quote} Let's hope for that
yes
  • #402,433
  • Oct 9, 2014 8:27am Oct 9, 2014 8:27am
Quoting Xxavier
{quote} No i did not use SL... Thats some thing i am working on.. When i play small lots i don't use stop loss but I use them with normal lots...
OK but try to use it all the time as soon as you figure out nuts n bolts of it. B/C it's the Return on Risk (RR) that keeps us in the game. Profits alone are meaningless.
Hear the music before the song is over ...
  • #402,434
  • Oct 9, 2014 9:07am Oct 9, 2014 9:07am
long @ 1.6180 , sl & rev. : 1.6165 , tp: 1.6228
Hear the music before the song is over ...
  • #402,435
  • Oct 9, 2014 9:30am Oct 9, 2014 9:30am
Quoting GlobalMacro
long @ 1.6180 , sl & rev. : 1.6165 , tp: 1.6228
  • #402,436
  • Oct 9, 2014 9:36am Oct 9, 2014 9:36am
wow fuck my life work's been tough... got home at 9 PM....
just finished dinner.... and its 10:30... about to head to bed and call it a day.. wake up at 6am....
life of a trader...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #402,437
  • Oct 9, 2014 9:54am Oct 9, 2014 9:54am
Quoting fxtyrant
wow fuck my life work's been tough... got home at 9 PM.... just finished dinner.... and its 10:30... about to head to bed and call it a day.. wake up at 6am.... life of a trader...

bitch

  • #402,438
  • Oct 9, 2014 10:02am Oct 9, 2014 10:02am
Quoting GlobalMacro
long @ 1.6180 , sl & rev. : 1.6165 , tp: 1.6228
Out @ 1.6165 for -15 pips.
Position was up +19 pips during the trade but came short of T/P.

& short @ 1.6165

sl: 1.6200

tp: 1.6123
Hear the music before the song is over ...
  • #402,439
  • Edited 10:17am Oct 9, 2014 10:05am | Edited 10:17am
trying a long from 1.6156..........

edit...and out......trying again from 1.6130......
  • #402,440
  • Oct 9, 2014 10:08am Oct 9, 2014 10:08am
Quoting navk
{quote} Some more ++ pips
You have any thing on GA
A good trader follows his rules, but great trader knows when to break them
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