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Cable Update (GBPUSD)

  • #411,741
  • Mar 18, 2015 8:24am Mar 18, 2015 8:24am
Quoting Makavell
{quote} It means, go learn how to trade!
Ohh thank you so much for these wise words. Just when I thought that I joined this Forum, specifically to learn from the experienced guys.....
I know nothing of the stock exchange but willing to learn
  • #411,742
  • Mar 18, 2015 8:47am Mar 18, 2015 8:47am
Quoting seankoek
{quote} Does this mean sell or buy?
I have followed this thread for a few years now and there are some very good traders in here. The one main thing I have learned is to evaluate what you see first then read the thread and see if other people are seeing the same thing that you are seeing. Then you have to see what trading style they use... IE ..short term, long term, technical, news driven.. etc. Best way to learn is from the pros and there are a few here. Not going to name them, that you will learn for yourself as you become more familiar with them in their daily posts. All I can say is that they have helped me immensely in my trading.
  • #411,743
  • Mar 18, 2015 8:51am Mar 18, 2015 8:51am
Quoting seankoek
{quote} Does this mean sell or buy?
If you look at his chart you will see he is selling and 4578 is a target, he is very good at trading .there are some good traders out there and yes you might learn, something , remember there all opinions, you have to trade your own trade ,might be best to watch and read,, max is ok he is a good trader to ,, regards E
  • #411,744
  • Mar 18, 2015 8:56am Mar 18, 2015 8:56am
Quoting JeffJ53
{quote} I have followed this thread for a few years now and there are some very good traders in here. The one main thing I have learned is to evaluate what you see first then read the thread and see if other people are seeing the same thing that you are seeing. Then you have to see what trading style they use... IE ..short term, long term, technical, news driven.. etc. Best way to learn is from the pros and there are a few here. Not going to name them, that you will learn for yourself as you become more familiar with them in their daily posts. All...
Quoting elbert3
{quote} If you look at his chart you will see he is selling and 4578 is a target, he is very good at trading .there are some good traders out there and yes you might learn, something , remember there all opinions, you have to trade your own trade ,might be best to watch and read,, max is ok he is a good trader to ,, regards E
Thank you both very much for valuable input. I really do appreciate it.
I know nothing of the stock exchange but willing to learn
  • #411,745
  • Mar 18, 2015 9:04am Mar 18, 2015 9:04am
Quoting seankoek
{quote} {quote} thank you both very much for valuable input. I really do appreciate it.
we have all been there and still lose , 4710 for a big prizzzze 4697 will do ,
  • #411,746
  • Mar 18, 2015 9:19am Mar 18, 2015 9:19am
Inverse Head & Shoulders neckline broken in M5. Minimum Implied target 1.4732.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD,M5.png Size: 24 KB
Observation is the path to discovery.
  • #411,747
  • Mar 18, 2015 9:25am Mar 18, 2015 9:25am
Quoting elbert3
{quote} we have all been there and still lose , 4710 for a big prizzzze 4697 will do ,
Losing is part of trading, like I have to tell you that E.... ... just have to try and have more wins and fewer losses and keep losses as minimal as you can. The key to it all... Good Money Management
  • #411,748
  • Mar 18, 2015 9:26am Mar 18, 2015 9:26am
Quoting Alorente
Inverse Head & Shoulders neckline broken in M5. Minimum Implied target 1.4732. {image}
Nice observation!!!
  • #411,749
  • Mar 18, 2015 9:31am Mar 18, 2015 9:31am
Quoting elbert3
{quote} we have all been there and still lose , 4710 for a big prizzzze 4697 will do ,
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 65 KB
20 plus the normal ,, nice rescue
  • #411,750
  • Mar 18, 2015 9:34am Mar 18, 2015 9:34am
Quoting elbert3
{quote} right made mind up build longs, it this goes 4652 still have a short on hedge , drop as we go,, target 6400 // there ,, mind made up, do or die,, lol and i will buy my new car cash,, not that far from it now,, tea time,, Mr Scott , earl , for you too ,,lol
I more or less agree with your 1.6400 target. Mine is 1.6240, which is the 61.8% Fib retracement of the 1.7185 to 1.4640 drop.

How did you arrive at 1.6400?
Observation is the path to discovery.
  • #411,751
  • Mar 18, 2015 9:37am Mar 18, 2015 9:37am
Quoting JeffJ53
{quote} Losing is part of trading, like I have to tell you that E.... ... just have to try and have more wins and fewer losses and keep losses as minimal as you can. The key to it all... Good Money Management
yes thats the one and knowing when to get out of a loser, unfortunately i pulled the plug, and then went long again,,thats mad but it paid off , see if that break out holds now 4677 might load up again , the 1 hour does not favor it thou , a good break might see 4750 ?? regards E
  • #411,752
  • Mar 18, 2015 9:43am Mar 18, 2015 9:43am
Quoting Alorente
{quote} I more or less agree with your 1.6400 target. Mine is 1.6240, which is the 61.8% Fib retracement of the 1.7185 to 1.4640 drop. How did you arrive at 1.6400?
When HDA was trading here i asked him to keep a post , it is my picture in the front of page ,there is a large spike there
Attached Image (click to enlarge)
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regards E
  • #411,753
  • Mar 18, 2015 9:46am Mar 18, 2015 9:46am
Quoting Alorente
{quote} I more or less agree with your 1.6400 target. Mine is 1.6240, which is the 61.8% Fib retracement of the 1.7185 to 1.4640 drop. How did you arrive at 1.6400?
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 67 KB
4725 would be good your number better break that tl wonderful,
  • #411,754
  • Mar 18, 2015 9:47am Mar 18, 2015 9:47am
Quoting elbert3
{quote} When HDA was trading here i asked him to keep a post , it is my picture in the front of page ,there is a large spike there {image} regards E
Never noticed, the old Scotland spike?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #411,755
  • Mar 18, 2015 9:50am Mar 18, 2015 9:50am
Quoting Mr. Scott
{quote} Never noticed, the old Scotland spike?
lol were in the money were in the money ,, international rescue , in that load zone,, FAB,, LOL
  • #411,756
  • Mar 18, 2015 9:54am Mar 18, 2015 9:54am
scaled out 1/3 @4715 filled @4711 for some 70pips

Attached Image (click to enlarge)
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will let it run free for a while maybe till end of this week. depending on what happens during next days of course.

meanwhile: there is an important bounce up in brent price

Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #411,757
  • Mar 18, 2015 9:56am Mar 18, 2015 9:56am
Quoting elbert3
{quote} When HDA was trading here i asked him to keep a post , it is my picture in the front of page ,there is a large spike there {image} regards E
OK, thanks.

Here is another way to arrive at a 1.6400 target:

The potential inverse Head & Shoulders forming on the weekly gives an implied target of 1.6400.

Of course, it is not yet formed, but it is a good possibility to be aware of...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD,Weekly.png Size: 30 KB
Observation is the path to discovery.
  • #411,758
  • Mar 18, 2015 9:59am Mar 18, 2015 9:59am
Quoting Alorente
{quote} OK, thanks. Here is another way to arrive at a 1.6400 target: The potential inverse Head & Shoulders forming on the weekly gives an implied target of 1.6400. Of course, it is not yet formed, but it is a good possibility to be aware of... {image}
ok thats good where on the same page then, i will watch your posts with interest, regards E ps i will try to look for the h/s
  • #411,759
  • Mar 18, 2015 10:03am Mar 18, 2015 10:03am
Attached Image (click to enlarge)
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eur 078 have to run ,, bye ,,or buy ,,??/
  • #411,760
  • Mar 18, 2015 10:10am Mar 18, 2015 10:10am
Quoting Alorente
{quote} OK, thanks. Here is another way to arrive at a 1.6400 target: The potential inverse Head & Shoulders forming on the weekly gives an implied target of 1.6400. Of course, it is not yet formed, but it is a good possibility to be aware of... {image}

possible scenario.
there are important levels to be reviseted far higher near 1.62 and 1.63.

but...

first step is to conquer back >1.50 with some sound reasons. otherwise anywhere in that area is just a short opp!
90% of traders use TA, indicators and prediction
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