Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#416,461
Jun 16, 2015 1:35am Jun 16, 2015 1:35am

alexpi
| Joined Jan 2015 | Status: On Discipline Road | 933 Posts

Quoting alexpi

Disliked

Agreed, if no good movements happen in the next 2 hours gonna bail on them In this case I'm shorting because there wasn't enough momentum coming from 1.549/551 and news to bring price above 1.555. This means no one is willing to buy higher than here => bull move is losing steam

Ignored

Decided to wait and got stopped out at 1.5554. Should have listened to my own advice and been patient. Gonna hold off on trading and see how the market develops today

#416,462
Jun 16, 2015 1:43am Jun 16, 2015 1:43am

kiyo
| Joined Mar 2015 | Status: Trader | 70 Posts

UK vote on european union "will not be on 5 May'

#416,463
Jun 16, 2015 2:09am Jun 16, 2015 2:09am

Fx_Anil
Joined Jul 2013 | Status: Trader | 1,738 Posts

Though, may not be perfect, but IMHO the GBPUSD could correct to 1.5400 soon. UK CPI awaited.

Attached Image (click to enlarge)

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#416,464
Jun 16, 2015 2:37am Jun 16, 2015 2:37am

alexpi
| Joined Jan 2015 | Status: On Discipline Road | 933 Posts

Just curious - any of the scalpers/day traders here (if there are any) managing to trade the PA from the past 2 hours successfully?

#416,465
Jun 16, 2015 2:58am Jun 16, 2015 2:58am

Algorerythmn
| Additional Username | Joined Jun 2014 | 253 Posts

Quoting alexpi

Disliked

Just curious - any of the scalpers/day traders here (if there are any) managing to trade the PA from the past 2 hours successfully?

Ignored

yes - its a carry over trade from end of New York, your supposed to trade this as a Buy Trade and it is a buy trade but later on first the move now will be to sell and then wall street opening time buy back again leaving you scratching your head saying - but but i thought ....

The asia to uk move was a trap to lure buyers in - seems to have worked rather nicely again ... with a prior price higher than before.

#416,466
Jun 16, 2015 3:22am Jun 16, 2015 3:22am

alexpi
| Joined Jan 2015 | Status: On Discipline Road | 933 Posts

Quoting Algorerythmn

Disliked

{quote} yes - its a carry over trade from end of New York, your supposed to trade this as a Buy Trade and it is a buy trade but later on first the move now will be to sell and then wall street opening time buy back again leaving you scratching your head saying - but but i thought .... The asia to uk move was a trap to lure buyers in - seems to have worked rather nicely again ... with a prior price higher than before.

Ignored

Interesting, without the support of good 4H/Daily zones I can't work out these movements

#416,467
Jun 16, 2015 3:26am Jun 16, 2015 3:26am

Algorerythmn
| Additional Username | Joined Jun 2014 | 253 Posts

Quoting alexpi

Disliked

{quote} Interesting, without the support of good 4H/Daily zones I can't work out these movements

Ignored

YOur not supposed to figure them out thats the point. Trying to find a high to sell or a low to buy - why not transpose day trader to day position trader, lay down your anchor and wait for the wave to take you to the shore when they are ready - out of 10 trades i aim to loose 3 and i know the profit on the 7 will far exceed the loses its just having an edge on these guys to make your trading time more comfortable. Montlhy pips bagged - not saying my way is perfect far from it but it works for me - so as with this trade even if it goes back up i will hold the sell and wait for the next buy.

#416,468
Jun 16, 2015 3:27am Jun 16, 2015 3:27am

geektrader
| Commercial User | Joined Jul 2010 | 930 Posts

Quoting alexpi

Disliked

Just curious - any of the scalpers/day traders here (if there are any) managing to trade the PA from the past 2 hours successfully?

Ignored

Clear no, last week has been terrible, 100 pip spikes up and down, just to do nothing afterwards. Same on EU and GBPJPY...

Everyone who claims they are trading this successful, show your accounts!

I managed to BE at least as I BE´d all these bullshit moves as soon as they got into profit.

#416,469
Jun 16, 2015 3:38am Jun 16, 2015 3:38am

Algorerythmn
| Additional Username | Joined Jun 2014 | 253 Posts

Quoting geektrader

Disliked

{quote} Clear no, last week has been terrible, 100 pip spikes up and down, just to do nothing afterwards. Same on EU and GBPJPY... Everyone who claims they are trading this successful, show your accounts! I managed to BE at least as I BEd all these bullshit moves as soon as they got into profit.

Ignored

There is no need unless your issue is personal with your own trading style to offer to anyone one's personal account data- however if a trader were to post in real time his trades would this then satisfy your need to see a sucessfull trader in motion securing pips on a daily basis, that said kindly my friend perhaps we should focus more on why your are achieving any successfull trades and separate your profitable trades and then we could all together anaylse your non profit trades would this be to your Acceptance kind Sir. Please do advise.

#416,470
Jun 16, 2015 3:43am Jun 16, 2015 3:43am

ItsAtrap
| Joined May 2015 | Status: Trader | 400 Posts

Quoting ItsAtrap

Disliked

{quote} I haven't forgotten this thread! I am still in this daily long trade. Chart showing the current situation. At the moment it is a free trade that's about 150 pips in profit. Hopefully it will survive and reach 1st TP. {image}

Ignored

Aaaaand I am still in this long trade which got triggered on 9 June. Update with chart. Locked in just under 100 pips of profit and letting it run. I hope it won't die of exhaustion!

Attached Image (click to enlarge)