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Cable Update (GBPUSD)

  • #406,601
  • Jan 12, 2015 9:08am Jan 12, 2015 9:08am
Quoting elbert3
{image}
closed buy at 151 720

bad ju ju markets

90 pips profit

no sell as yet

prefer to spend time wine making.

Spud
  • #406,602
  • Jan 12, 2015 9:16am Jan 12, 2015 9:16am
Quoting elbert3
{image}
The last red candle to touch the bottom trend line ended up getting engulfed on the 5m, and it broke out to the upside 30 pips in 10 mins. What price action on GU. The move which scalpers would not be ready for at this moment would be a move down, as over the last 4 hours the sell position has failed by being engulfed and resulting in 25 pips in the opposite direction less then 15 mins after. Elbert would do you think about taking a sell if one of the last lows are closed under?
  • #406,603
  • Jan 12, 2015 9:29am Jan 12, 2015 9:29am
The highs are getting higher, and the lows are getting higher also on GU based on the chart posted by Elbert3.

Should the last low of GU on the 5m become engulfed I will short it. Until then opening a short at this point is against price action rules.
  • #406,604
  • Jan 12, 2015 9:34am Jan 12, 2015 9:34am
Quoting elbert3
{image}
Elbert sorry for bothering you, but could you please tell me how to post a chart? I clicked the attach files:upload from computer, but nothing happens. I don't understand the reason as to why. Is it because I am a new member I don't have the ability to post chart?
  • #406,605
  • Jan 12, 2015 9:35am Jan 12, 2015 9:35am
Quoting TomFord
{quote} The last red candle to touch the bottom trend line ended up getting engulfed on the 5m, and it broke out to the upside 30 pips in 10 mins. What price action on GU. The move which scalpers would not be ready for at this moment would be a move down, as over the last 4 hours the sell position has failed by being engulfed and resulting in 25 pips in the opposite direction less then 15 mins after. Elbert would do you think about taking a sell if one of the last lows are closed under?
Attached Image (click to enlarge)
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long again? risky still counter trading
  • #406,606
  • Jan 12, 2015 9:38am Jan 12, 2015 9:38am
Quoting TomFord
{quote} Elbert sorry for bothering you, but could you please tell me how to post a chart? I clicked the attach files:upload from computer, but nothing happens. I don't understand the reason as to why. Is it because I am a new member I don't have the ability to post chart?
its ok i have not been constantly here , you right click on the chart, save as then it should go to the internet ,so that has to be open which you are, then right click as it comes on the net save as what ever then it should store on your pc .
  • #406,607
  • Jan 12, 2015 9:48am Jan 12, 2015 9:48am
it kinda feels like today's cable is being a really nice wave to surf..
i think it's because there s no news release for today..
Once you get the right wave, you can surf happily..
Even if sometimes you ll catch a wrong wave, but there still another good wave to surf..

nice monday tough..
i think 140 pips for today's trade is enough for a junior like me..

it's my first time for me to get 100% return.. after huge draw down on my beginning of real trading.. feeling happy..
GTS V8 Return This Month: 1.2%
  • #406,608
  • Jan 12, 2015 9:48am Jan 12, 2015 9:48am
Quoting elbert3
{quote} its ok i have not been constantly here , you right click on the chart, save as then it should go to the internet ,so that has to be open which you are, then right click as it comes on the net save as what ever then it should store on your pc .
Jesus it isn't working at all... Well GU is now trying to close below the last low created 1 hour and 15 mins ago. (The candle which bounced off your trend line. If it does let us see if she continues to spike down or if it moves up a bit (Without breaking the high created to catch some buyers off guard.
  • #406,609
  • Jan 12, 2015 9:51am Jan 12, 2015 9:51am
Quoting rizkinovri
it kinda feels like today's cable is being a really nice wave to surf.. i think it's because there s no news release for today.. Once you get the right wave, you can surf happily.. Even if sometimes you ll catch a wrong wave, but there still another good wave to surf.. nice monday tough.. i think 140 pips for today's trade is enough for a junior like me.. it's my first time for me to get 100% return.. after...
It is an amazing feeling when you are able to profit in forex huh? Especially 100%. What is your money management plan for the newly acquired profit?
  • #406,610
  • Jan 12, 2015 9:55am Jan 12, 2015 9:55am
Quoting TomFord
{quote} Jesus it isn't working at all... Well GU is now trying to close below the last low created 1 hour and 15 mins ago. (The candle which bounced off your trend line. If it does let us see if she continues to spike down or if it moves up a bit (Without breaking the high created to catch some buyers off guard.
what platform are you on ,, i trade from capital spreads and i cant upload charts ,hence i use this demo one to post
  • #406,611
  • Jan 12, 2015 10:03am Jan 12, 2015 10:03am
Quoting elbert3
{quote} what platform are you on ,, i trade from capital spreads and i cant upload charts ,hence i use this demo one to post
Whats wrong with the print screen button?
  • #406,612
  • Jan 12, 2015 10:07am Jan 12, 2015 10:07am
Quoting slayeruk
{quote} Whats wrong with the print screen button?
cant upload the file , there are some other files on my pc that wont upload . too and the chart quality is crap
  • #406,613
  • Jan 12, 2015 10:09am Jan 12, 2015 10:09am
if price does not hold here then 5105,, buy order there as off to pick the wife up,,
Attached Image (click to enlarge)
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  • #406,614
  • Jan 12, 2015 10:10am Jan 12, 2015 10:10am
Quoting rizkinovri
it kinda feels like today's cable is being a really nice wave to surf.. i think it's because there s no news release for today.. Once you get the right wave, you can surf happily.. Even if sometimes you ll catch a wrong wave, but there still another good wave to surf.. nice monday tough.. i think 140 pips for today's trade is enough for a junior like me.. it's my first time for me to get 100% return.. after...
Congrtulations.
Spend some of it , at least 50% , will keep things in perspective
Hear the music before the song is over ...
  • #406,615
  • Jan 12, 2015 10:12am Jan 12, 2015 10:12am
Quoting elbert3
{quote} its ok i have not been constantly here , you right click on the chart, save as then it should go to the internet ,so that has to be open which you are, then right click as it comes on the net save as what ever then it should store on your pc .
Hi Billy , Happy New Year , man.
Hear the music before the song is over ...
  • #406,616
  • Jan 12, 2015 10:14am Jan 12, 2015 10:14am
Quoting rizkinovri
it kinda feels like today's cable is being a really nice wave to surf.. i think it's because there s no news release for today.. Once you get the right wave, you can surf happily.. Even if sometimes you ll catch a wrong wave, but there still another good wave to surf.. nice monday tough.. i think 140 pips for today's trade is enough for a junior like me.. it's my first time for me to get 100% return.. after huge draw down on my beginning of real trading.. feeling happy..
That's fantastic.......can I ask what time-frame you 'surf' ?
  • #406,617
  • Jan 12, 2015 10:53am Jan 12, 2015 10:53am
Quoting elbert3
if price does not hold here then 5105,, buy order there as off to pick the wife up,,{image}
Well we got a nice move down, and now GU has recovered that move. The chart for EU and GU on the 5m are almost 100% the same.
  • #406,618
  • Jan 12, 2015 11:21am Jan 12, 2015 11:21am
Quoting TomFord
{quote} It is an amazing feeling when you are able to profit in forex huh? Especially 100%. What is your money management plan for the newly acquired profit?
Yeahh bro.. it feels so great..
My MM ? same as like those traders in "market wizards" book..
Don't lose the money you can't afford..
And i'm allocating it by the price and by market psychology ..
But, of course, most of them doesn't exceed 10% of my equity..
And i'm always remembering to cut my loss fast, and let my profit run..

Quoting GlobalMacro
{quote} Congrtulations. Spend some of it , at least 50% , will keep things in perspective
Too fast to spend it for now bro..
but thank you for the advice..

Quoting MarkyB
{quote} That's fantastic.......can I ask what time-frame you 'surf' ?
it's the 5M charts.. (in the case of today's surfing)
but usually i play hourly vs 5M ..
GTS V8 Return This Month: 1.2%
  • #406,619
  • Jan 12, 2015 12:45pm Jan 12, 2015 12:45pm
Quoting GlobalMacro
{quote} Hi Billy , Happy New Year , man.
GM hi long time,,hope your well HNY to you to and my very best wishes and good luck for this year//Regards Billy
  • #406,620
  • Jan 12, 2015 12:51pm Jan 12, 2015 12:51pm
Quoting elbert3
{quote} {image} long again? risky still counter trading
Attached Image (click to enlarge)
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looking to book or pp now still like to see 5239 ish
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