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Cable Update (GBPUSD)

  • #423,681
  • Feb 9, 2016 4:56am Feb 9, 2016 4:56am
Quoting dean1star
{quote} Just have a problem with traders who cant trade. And hide that fact in their opinions. When these two final trades close at 145 thats a total of 450 pips since last Thursday. Problem - i certainly dont have a problem my friend. Top that Buddy.
Good job. I only got 75 today. I only had a tiny position left on that move toward 75, so I'm not counting that.

The slowness of the move to 50 spooked me out of most of my long position there.

This is actually my best day in like a week so far... Just nailing every single entry perfectly, and no losses!
"Don't fear a bubble until it starts to burst."
  • #423,682
  • Feb 9, 2016 4:58am Feb 9, 2016 4:58am
Quoting dean1star
{quote} Just have a problem with traders who cant trade. And hide that fact in their opinions. When these two final trades close at 145 thats a total of 450 pips since last Thursday. Problem - i certainly dont have a problem my friend. Beautifull wife, adorable kids, and a lifestyle you can only dream off. BTW all trades were put up before the event for all too see and not after if you know what i mean.
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hi D i am trying to target the shade area but look left might be a res there , if we can take it great, ,this is my working chart from last week which i thought i lost,?? you can see the old posts where the target short was hit, but i was busy yesterday and did not take the long off that,pitty??? , plus other reasons regards B
  • #423,683
  • Feb 9, 2016 5:01am Feb 9, 2016 5:01am
Quoting dean1star
{quote} Just have a problem with traders who cant trade. And hide that fact in their opinions. When these two final trades close at 145 thats a total of 450 pips since last Thursday. Problem - i certainly dont have a problem my friend. Beautifull wife, adorable kids, and a lifestyle you can only dream off. BTW all trades were put up before the event for all too see and not after if you know what i mean.
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i tp on the last chart as said but i would like to see support around here re enter tight sl , or we look for short set up,
  • #423,684
  • Feb 9, 2016 5:02am Feb 9, 2016 5:02am
Quoting elbert3
{quote} {image} hi D i am trying to target the shade area but look left might be a res there , if we can take it great, ,this is my working chart from last week which i thought i lost,?? you can see the old posts where the target short was hit, but i was busy yesterday and did not take the long off that,pitty??? , plus other reasons regards B
Well as it happens E - i took a note out of your book and planning on scalping shorter trades after this week - re config on an older system with new modifications so i might actually just actually do some scalping. Would be very surprised if this did not touch 145.

Still keeping an eye on that Euro.
  • #423,685
  • Feb 9, 2016 5:04am Feb 9, 2016 5:04am
Quoting dean1star
{quote} Just have a problem with traders who cant trade. And hide that fact in their opinions. When these two final trades close at 145 thats a total of 450 pips since last Thursday. Problem - i certainly dont have a problem my friend. Beautifull wife, adorable kids, and a lifestyle you can only dream off. BTW all trades were put up before the event for all too see and not after if you know what i mean.
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get the charts in while i can ,,lol support and breakout high possible targets , i will do a short look in a min
  • #423,686
  • Feb 9, 2016 5:09am Feb 9, 2016 5:09am
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gbj long look other trade
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now hit old tl looking to break as gb or short off this area ..look for short set up ,, thats me for a bit ,,
  • #423,687
  • Feb 9, 2016 5:14am Feb 9, 2016 5:14am
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day look for me
  • #423,688
  • Feb 9, 2016 5:15am Feb 9, 2016 5:15am
Quoting Jonstaples
{quote} Maybe not yet, the price is holding at the 10-day moving average however is being compressed by the 10 and 50 day moving averages with a 166 pip range.
you were right, i got floating loss now willing to hold a bit since pound is fundamentally weaker than dollar
Letting losses run is the most serious mistake made by most investors.
  • #423,689
  • Feb 9, 2016 5:16am Feb 9, 2016 5:16am
Quoting meanvel
{quote} Good job. I only got 75 today. I only had a tiny position left on that move toward 75, so I'm not counting that. The slowness of the move to 50 spooked me out of most of my long position there. This is actually my best day in like a week so far... Just nailing every single entry perfectly, and no losses!
#

yeh rght 75 pips after the fact.

I tell u this much - stocks and shares you failed at.
S and P was a disaster for you.
As a gamer you are so lightweight.

You tell everyone Pivots dont work. Targets dont work. Trendlines dont work - everything in that small world which you failed in does not work.
TRADERS HERE use pivots and they work proven. Trendlines and they work Proven so i would kindly suggest either put up or shut up - if i get flamed for this then fine but i hope newby traders here can learn from these situations.

This discussion is now closed.

And that www site of yours could be a flag as a commercial trader who comes here to find new clients??

Let us let Twee sort that one out shall we.
  • #423,690
  • Feb 9, 2016 5:19am Feb 9, 2016 5:19am
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small scalping position now 2nd support 4434 ish stay in the channel line for any new long trade need to stay over that 50 ema yellow
  • #423,691
  • Feb 9, 2016 5:27am Feb 9, 2016 5:27am
Quoting dean1star
{quote}# yeh rght 75 pips after the fact. I tell u this much - stocks and shares you failed at. S and P was a disaster for you. As a gamer you are so lightweight. You tell everyone Pivots dont work. Targets dont work. Trendlines dont work - everything in that small world which you failed in does not work. TRADERS HERE use pivots and they work proven. Trendlines and they work Proven so i would kindly suggest either put up or shut up - if i get flamed for this then fine but i hope newby traders here can learn from these situations. This discussion...
Speaking of pivots.
Do we go again ?

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I might be wrong , I have been wrong before
  • #423,692
  • Feb 9, 2016 5:28am Feb 9, 2016 5:28am
Quoting dean1star
{quote} Well as it happens E - i took a note out of your book and planning on scalping shorter trades after this week - re config on an older system with new modifications so i might actually just actually do some scalping. Would be very surprised if this did not touch 145. Still keeping an eye on that Euro.
i find it good, any rise in a trend that for me wont be fully commuted into thinking long untill 10 and 20 ema cross on day chart , i tp on any res line as per last post and look for my 1st fail up on the next candles and use that as my guide, like last week chase the bottom 4 trades to find it 5th trade totaled 105 and 43 pips in 2 trades ,, so explore every possibility,
  • #423,693
  • Feb 9, 2016 5:34am Feb 9, 2016 5:34am
Quoting elbert3
{quote} i find it good, any rise in a trend that for me wont be fully commuted into thinking long untill 10 and 20 ema cross on day chart , i tp on any res line as per last post and look for my 1st fail up on the next candles and use that as my guide, like last week chase the bottom 4 trades to find it 5th trade totaled 105 and 43 pips in 2 trades ,, so explore every possibility,
Looking forward to it the plan is one or two trades each day on pound dollar and euro.

Looking at it these past few months i see no reason why 80 - 100 pips daily is totally achievable.

You seem to have your system that works best for you - and sure we all take loosing trades but i see 100 pips aday between these two pairs.

Gonna be fun. Holding trades are fine but it gets a bit boring so shall be working out those trend lines too with no carry over trades
  • #423,694
  • Feb 9, 2016 5:39am Feb 9, 2016 5:39am
Quoting dean1star
{quote} Looking forward to it the plan is one or two trades each day on pound dollar and euro.
look like that was a good call on the res line , old tl break now take the profit and wait see if ti hold or fold
  • #423,695
  • Feb 9, 2016 5:42am Feb 9, 2016 5:42am
Quoting Mandariin
{quote} Speaking of pivots. Do we go again ? {image}
I prefer to make it to a pivot line and then out of trade more than a bounce off. So it would depend on your overall stratergy.
  • #423,696
  • Feb 9, 2016 5:47am Feb 9, 2016 5:47am
Quoting dean1star
{quote} Looking forward to it the plan is one or two trades each day on pound dollar and euro. Looking at it these past few months i see no reason why 80 - 100 pips daily is totally achievable. You seem to have your system that works best for you - and sure we all take loosing trades but i see 100 pips aday between these two pairs. Gonna be fun. Holding trades are fine but it gets a bit boring so shall be working out those trend lines too with no carry over trades
as above 20 pounds a pip .. lines are good for me some people think there dont work,, lol,,sorry they do i prove it, ill, be back,, is using the same type of lines in his trades , been working this way for over 16 months now i never change it now ,, trend line attraction, lol and if i find i use fib ext, if it does not hit a line first you have a good chance of catching a bottom or a top, in daily trades ,, sorry if i went on a bit there ,, dont want the spam can,,lol
  • #423,697
  • Feb 9, 2016 5:49am Feb 9, 2016 5:49am
Quoting dean1star
{quote}# yeh rght 75 pips after the fact. I tell u this much - stocks and shares you failed at. S and P was a disaster for you. As a gamer you are so lightweight. You tell everyone Pivots dont work. Targets dont work. Trendlines dont work - everything in that small world which you failed in does not work. TRADERS HERE use pivots and they work proven. Trendlines and they work Proven so i would kindly suggest either put up or shut up - if i get flamed for this then fine but i hope newby traders here can learn from these situations. This discussion...
LoL, in a bad mood much? Someone lost a lot trading today!
"Don't fear a bubble until it starts to burst."
  • #423,698
  • Feb 9, 2016 5:57am Feb 9, 2016 5:57am
Quoting elbert3
{quote} as above 20 pounds a pip .. lines are good for me some people think there dont work,, lol,,sorry they do i prove it, ill, be back,, is using the same type of lines in his trades , been working this way for over 16 months now i never change it now ,, trend line attraction, lol and if i find i use fib ext, if it does not hit a line first you have a good chance of catching a bottom or a top, in daily trades ,, sorry if i went on a bit there ,, dont want the spam can,,lol
U know E when i see dangerous traders its like a flag - they never learn and usually never make it past 40 in life. And if the do its out of desperation. Book closed on that one. But monday shall be looking to start trading this way. Its new to me and i really dont understand it but heres what i have seen these past few days.

Euro 20 pip down
Euro 50 pip u
Euro 55 pip down

GBUSD 60 pip down
50 pip down
55 pip up

thats from the 5th feb till today. These trades i have seen so maybe the law of averages is on ones side.

I seem to be the spammer today lol .. heres my reward
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  • #423,699
  • Feb 9, 2016 6:03am Feb 9, 2016 6:03am
Quoting elbert3
{quote} as above 20 pounds a pip .. lines are good for me some people think there dont work,, lol,,sorry they do i prove it, ill, be back,, is using the same type of lines in his trades , been working this way for over 16 months now i never change it now ,, trend line attraction, lol and if i find i use fib ext, if it does not hit a line first you have a good chance of catching a bottom or a top, in daily trades ,, sorry if i went on a bit there ,, dont want the spam can,,lol
Hi B,

What pairs do you trade only GBPUSD or is your system suitable for other pairs?
persistence and determination alone are omnipotent
  • #423,700
  • Feb 9, 2016 6:05am Feb 9, 2016 6:05am
Quoting dean1star
{quote}# yeh rght 75 pips after the fact. I tell u this much - stocks and shares you failed at. S and P was a disaster for you. As a gamer you are so lightweight. You tell everyone Pivots dont work. Targets dont work. Trendlines dont work - everything in that small world which you failed in does not work. TRADERS HERE use pivots and they work proven. Trendlines and they work Proven so i would kindly suggest either put up or shut up - if i get flamed for this then fine but i hope newby traders here can learn from these situations. This discussion...
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i think that he makes it up,, this tl as he said dont work, res hit trade back to the tl and now we use as a bounce sup line .. could as him to put up a copy of his trade ticket ??
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