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Cable Update (GBPUSD)

  • #417,541
  • Jul 24, 2015 2:12am Jul 24, 2015 2:12am
Regret closing short so soon and buying!!!! Getting slaughtered here more than EURUSD.

Arinforex - still holding on to hopes of longing?
  • #417,542
  • Jul 24, 2015 2:19am Jul 24, 2015 2:19am
averaging buy positions... s>m, crsm up ;]
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forex... like it, trade it and manage it... get your profit...!!!
  • #417,543
  • Jul 24, 2015 2:20am Jul 24, 2015 2:20am
Let's see how the German PMI will impact this pair maybe further drop?
  • #417,544
  • Jul 24, 2015 2:21am Jul 24, 2015 2:21am
Quoting Crazy_Guy_Fx
averaging buy positions... s>m, crsm up ;] {image}
oh lala so seems like you will be learning the hard lesson eventually
  • #417,545
  • Jul 24, 2015 2:24am Jul 24, 2015 2:24am
Algorery and E, you guys nailed it.

I saw the thread E, you are spot on with short GBPJPY. How did you guys do it before the news come out?
  • #417,546
  • Jul 24, 2015 2:29am Jul 24, 2015 2:29am
Quoting giveachance
{quote} oh lala so seems like you will be learning the hard lesson eventually
qqqqqqqqqqqqqqqqq... let's just see what will happen next ... ;]
forex... like it, trade it and manage it... get your profit...!!!
  • #417,547
  • Jul 24, 2015 2:32am Jul 24, 2015 2:32am
Quoting Crazy_Guy_Fx
{quote} qqqqqqqqqqqqqqqqq... let's just see what will happen next ... ;]
averaging never is profitable.
  • #417,548
  • Jul 24, 2015 2:36am Jul 24, 2015 2:36am
Quoting Dano12
look at 161 175 fib
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  • #417,549
  • Jul 24, 2015 2:47am Jul 24, 2015 2:47am
Quoting kingofmicro
{quote} LiteForex Mt4. All major indexes available. {image}
thank you my boss
  • #417,550
  • Jul 24, 2015 2:52am Jul 24, 2015 2:52am
Quoting Crazy_Guy_Fx
{quote} qqqqqqqqqqqqqqqqq... let's just see what will happen next ... ;]
Hi crazy, i hope you take this as help,and i think other ,well i know traders will think your crazy, i no you are learning and using demo, but your not being honest about your mm, i see that you dont have sl on any trade, lets say one night you go to bed and something happens in the world that will affect the fx, you will have a big hole or nothing in your acc, we have ll been there when i started like you i was on demo i had 3 times taken my acc over 100k , i went live and in 2 weeks lost 6k real money , so i stopped trading and left it alone and spent a few months going over what i did to lose the money , by the way i was not demoing fx at all just thinking about the mind set i would have to be in to trade. yes i seen that you won some pips the other day but you should only flip trades on a s/r line, i would say , i do it sometimes, dont hold a losing trade, there are plenty more. i hope you dont mind the post Regards E
  • #417,551
  • Jul 24, 2015 2:53am Jul 24, 2015 2:53am
Quoting Dano12
{quote} {image}
still holding here , gl B
  • #417,552
  • Jul 24, 2015 2:58am Jul 24, 2015 2:58am
Quoting elbert3
{quote} Hi crazy, i hope you take this as help,and i think other ,well i know traders will think your crazy, i no you are learning and using demo, but your not being honest about your mm, i see that you dont have sl on any trade, lets say one night you go to bed and something happens in the world that will affect the fx, you will have a big hole or nothing in your acc, we have ll been there when i started like you i was on demo i had 3 times taken my acc over 100k , i went live and in 2 weeks lost 6k real money , so i stopped trading and left it...
yeah, this thing we repeat so many times, trade with no sl and don't know what the trader is doing is dangerous
  • #417,553
  • Jul 24, 2015 3:19am Jul 24, 2015 3:19am
don't see any reason for gbp to hold this area but it has already fallen 200 pips since yesterday's high. taking a breather now
  • #417,554
  • Edited 3:34am Jul 24, 2015 3:19am | Edited 3:34am
61.8% of main 5328-5674 just below the present low after another leg down from yesterday's low...just entered the daily part of the former 4hr/daily swing low that goes down to 5449. Daily rising t/line joining that swing lo with 5328 at or around the low. Bids to 5450 reported, Daily S1 at 5451. Weekly S1 @ 5475 has been breeched.

best wishes
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it's all gone a bit........
  • #417,555
  • Jul 24, 2015 3:29am Jul 24, 2015 3:29am
Quoting elbert3
{quote} Hi crazy, i hope you take this as help,and i think other ,well i know traders will think your crazy, i no you are learning and using demo, but your not being honest about your mm, i see that you dont have sl on any trade, lets say one night you go to bed and something happens in the world that will affect the fx, you will have a big hole or nothing in your acc, we have ll been there when i started like you i was on demo i had 3 times taken my acc over 100k , i went live and in 2 weeks lost 6k real money , so i stopped trading and left it...
oops wrong one

here we go

now thats better
  • #417,556
  • Jul 24, 2015 3:33am Jul 24, 2015 3:33am
great advice and freely given, I hope the trader can learn from it.

best wishes.

Quoting elbert3
{quote} Hi crazy, i hope you take this as help,and i think other ,well i know traders will think your crazy, i no you are learning and using demo, but your not being honest about your mm, i see that you dont have sl on any trade, lets say one night you go to bed and something happens in the world that will affect the fx, you will have a big hole or nothing in your acc, we have ll been there when i started like you i was on demo i had 3 times taken my acc over 100k , i went live and in 2 weeks lost 6k real money , so i stopped trading and left it...
it's all gone a bit........
  • #417,557
  • Jul 24, 2015 3:38am Jul 24, 2015 3:38am
1hr shows the possible barriers to more recovery as I see it...offers reported leading into 5520.

best wishes.
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it's all gone a bit........
  • #417,558
  • Jul 24, 2015 3:38am Jul 24, 2015 3:38am
Quoting Algorerythmn
{quote} oops wrong one here we go now thats better
your out of your shell now ?? lol break 5460 then 5415 /08, could see 5388 ?? watch the s/r 5534 area or any big buying candle it will want to go back to 5650, mortgage news was up am out at 47 short order left there and one at 5458,
  • #417,559
  • Jul 24, 2015 3:42am Jul 24, 2015 3:42am
Quoting elbert3
{quote} your out of your shell now ?? lol break 5460 then 5415 /08, could see 5388 ?? watch the s/r 5534 area or any big buying candle it will want to go back to 5650, mortgage news was up am out at 47 short order left there and one at 5458,
Holding ths buy till next sell for sure.
Reverse factoring of the old saying buy on a monday sell on a Friday.
The rozzers are on my tail lol ;-) outta here hombre catch up in a few weeks
  • #417,560
  • Jul 24, 2015 3:43am Jul 24, 2015 3:43am
Quoting petetong
great advice and freely given, I hope the trader can learn from it. best wishes. {quote}
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in 2 minds , it made my 61% but i like the day tl 5415 for some reason , for a spike and might be a buy 5408,,???sell on the bottom
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