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Cable Update (GBPUSD)

  • #404,061
  • Oct 28, 2014 10:47am Oct 28, 2014 10:47am
Quoting ill_be_back
{quote} If this goes for a retest of todays HIGH without going any Lower, I will SHORT this With every thing I have Should not go lower then 1.6160
I thought you have risk management
Fix up, trade sharp ...
  • #404,062
  • Oct 28, 2014 10:49am Oct 28, 2014 10:49am
Quoting Kajos2250
{quote} GU H4 GMT+3 I think it is time to prepare for strengthening toward after bullish engulfing, buy stop .6184. 200 sma ahead. Invalidation if price could under ~6027... Good luck! {image} {image}
Very nice chart, and also nice many good position, i am just thinking how you able to hold the first long with many profit and adding some at higher price, usually i found that for averaging down, based on my experience, we tend to close profit position rather than adding the new one...

My trade enter and exit daily, not holding many like yours.....

congratulation for your trade,,,,
  • #404,063
  • Edited 11:24am Oct 28, 2014 11:11am | Edited 11:24am
Quoting Hickson
{quote} I thought you have risk management
I normally get OUT under 10 pips (10 pips is enough to tell me if I am Wrong)
A good trader follows his rules, but great trader knows when to break them
  • #404,064
  • Oct 28, 2014 11:15am Oct 28, 2014 11:15am
Quoting Xxavier
Paid the price for not waiting.. OUT for -15pips... Reversed the trade...Scaling in Short GBPUSD.. Entry 1.6023 with wide stop 1.6080 for the small size here. Will add more after the break of 1.6000 {quote}
As always loosing patience on this range bound days.... Got stopped out of GU trade and also lost some money on Gold short on today's pop.. I was nicely up for the month but now i am in red!!!!!!
  • #404,065
  • Oct 28, 2014 11:26am Oct 28, 2014 11:26am
Quoting RussJ
{quote} Which subscription service do you use for options expiry????
He was using an institutional platform which provided that junk option expiry feed as a bonus but his account has been wiped out and he has no access to the platform anymore. Hope that answers your question
  • #404,066
  • Oct 28, 2014 11:29am Oct 28, 2014 11:29am
Pending SHORT EJ 137.910
A good trader follows his rules, but great trader knows when to break them
  • #404,067
  • Oct 28, 2014 11:57am Oct 28, 2014 11:57am
Quoting Red Alert
{quote} Very nice chart, and also nice many good position, i am just thinking how you able to hold the first long with many profit and adding some at higher price, usually i found that for averaging down, based on my experience, we tend to close profit position rather than adding the new one... My trade enter and exit daily, not holding many like yours..... congratulation for your trade,,,,
Thank you very much!
It is hard to me too! I think the secret is the higher TF like D1 and above.
I had bad series on the last 2 month it is time to get back the loss
If anybody has some view of the market and knows signals and belive strategies and keeps the roules later or sooner will get sucsess.
I would prefer trend following strategies but swiching TF makes me usually confused! But i belive in fractals and i like and i have to see lower TFs because of the fractals which builds the market.
This was not easy and i had much BE trades, which was re-opened after lower TF gave some signs for up again. It is not the end! I am not sure i will not lose some at the end of this all, but my profit is very exponetial
Nowadays GU is not the best symbol for day trading by my opinion, but i closed much daily trade on other pair like GJ, XAU, EA, UCAD and AU...
I hope the extended ADR will stay for a while!
This all words could be more a little bit than sould be but..
Sorry for my bad englis

Good luck!
Anything is math!
  • #404,068
  • Edited 3:10pm Oct 28, 2014 1:06pm | Edited 3:10pm
Might get a bounce at 1.6126...........or straight to 1.6097..........
  • #404,069
  • Oct 28, 2014 2:26pm Oct 28, 2014 2:26pm
try long again 1.6127 st 20 target 6203
  • #404,070
  • Oct 28, 2014 2:54pm Oct 28, 2014 2:54pm
Hello to all i am new here but in forex business 5 years and now i am planing to be more active on this forum and this thread so be easy on me

We have a nice SHS pattern on cable H4 time frame and i am very bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 40 KB


Pattern is accumulated 300 and more pips, my first target is 1.6200
  • #404,071
  • Oct 28, 2014 2:55pm Oct 28, 2014 2:55pm
Quoting GlobalMacro
OK , 1.6072 broken. It closes above 1.6085 today , bulls can take on 1.6155-65 easily. {image}
1.6165 price objective met and even exceeded by 17 pips today.

That 1.6072 break was good for +110 pips since Friday's close.
Attached Image (click to enlarge)
Click to Enlarge Name: 1A.png Size: 9 KB
Hear the music before the song is over ...
  • #404,072
  • Oct 28, 2014 3:02pm Oct 28, 2014 3:02pm
Quoting Makavell
{quote} He was using an institutional platform which provided that junk option expiry feed as a bonus but his account has been wiped out and he has no access to the platform anymore. Hope that answers your question
how do u know this?
  • #404,073
  • Oct 28, 2014 3:20pm Oct 28, 2014 3:20pm
After the small bounce from 1.6126............may try for that from the other day :-

Quoting cspip
Probably see 1.6081 again........and 1.6060.........
...
  • #404,074
  • Oct 28, 2014 3:25pm Oct 28, 2014 3:25pm
could be a good R/R long off the retest, targettng 1.6440
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 35 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 24 KB
Come with me if you want to live....
  • #404,075
  • Oct 28, 2014 3:28pm Oct 28, 2014 3:28pm
Quoting nAVIN2007
{quote} how do u know this?
I think he's taking the piss (sort of)
Come with me if you want to live....
  • #404,076
  • Oct 28, 2014 4:03pm Oct 28, 2014 4:03pm
Another good place to short from 1.6150............
  • #404,077
  • Oct 28, 2014 4:36pm Oct 28, 2014 4:36pm
short/long ???
  • #404,078
  • Oct 28, 2014 6:08pm Oct 28, 2014 6:08pm
Quoting ill_be_back
Pending SHORT EJ 137.910
Huge bullish momentum on EJ. Good enough to break 137.84-94 resistance.
Hear the music before the song is over ...
  • #404,079
  • Oct 28, 2014 6:10pm Oct 28, 2014 6:10pm
Quoting cspip
Another good place to short from 1.6150............
agree nice fake out of the triangle formation
  • #404,080
  • Oct 28, 2014 6:26pm Oct 28, 2014 6:26pm
Quoting Kajos2250
{quote} Thank you very much! It is hard to me too! I think the secret is the higher TF like D1 and above. I had bad series on the last 2 month it is time to get back the loss If anybody has some view of the market and knows signals and belive strategies and keeps the roules later or sooner will get sucsess. I would prefer trend following strategies but swiching TF makes me usually confused! But i belive in fractals and i like and i have to see lower TFs because of the fractals which builds the market. This was not easy and i had much BE trades,...
Seems like we have the same experience, it was terrible for me, when the price down from 1.71xx to 1.600x that really hard for me, my style is counter trade...
i kept buying during the fall since 1.68xx. I found many fail position even opened reasonable trade (RSI, harmonic), during consolidation, my last month trade showing very good performance recover 85% of my losses, it has been recovered by many trade position instead of 1-2 days revenge trading where i tried so many times...
but at least it really give me good impact, I am sure it will make me better, i think I already found something...

I try change the style to : JUST FOLLOW THE TREND UNTIL YOU FIND CLEAR REVERSAL PATTERN.....
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