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Cable Update (GBPUSD)

  • #423,701
  • Feb 9, 2016 6:06am Feb 9, 2016 6:06am
Ok, Giving green light to try long setups again. We retraced enough from the 75 to clear most risk.

Not sure the bottom is in yet, but most risk is cleared.
"Don't fear a bubble until it starts to burst."
  • #423,702
  • Feb 9, 2016 6:20am Feb 9, 2016 6:20am
Quoting Ll1979
{quote} Hi B, What pairs do you trade only GBPUSD or is your system suitable for other pairs?
morning L. i was on gold last year same thing won and lost, then i was on 3 pairs and started losing because as you see from my trades i use 1 5 and the higher ones to try to find s/r,, its not great i can get myself into lose trades easy because of the times i trade off ,but you have your way and it looks similar to mine, but every trader can see long and short in the same chart, at the same time if that make sense , best that traders find their own style and stick to it and work on it,,like golf to many golfers telling you how to play at the same time will fu,,,k your game up,, i know i was one so i packed it in,,lol
  • #423,703
  • Feb 9, 2016 6:26am Feb 9, 2016 6:26am
Have two scalping trades coming into view a sell on the Euro and a buy on the Pound Dollar.
Coming into view as in near but not confirmed.
No trades confirmed yet.
Fellow Scalpers

Will sort out a chart for this new system.

Gonna be fun for sure lol
Attached Image
  • #423,704
  • Feb 9, 2016 6:29am Feb 9, 2016 6:29am
Quoting Ll1979
{quote} Hi B, What pairs do you trade only GBPUSD or is your system suitable for other pairs?
Attached Image (click to enlarge)
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like this set up, how do you trade that,, 1 keep short, or on the next
Attached Image (click to enlarge)
Click to Enlarge Name: 1d.png Size: 65 KB
break out of tl hit 78% and could come back to make the 1 hour chart in play for a long hit,, if in doubt tp
  • #423,705
  • Feb 9, 2016 6:31am Feb 9, 2016 6:31am
Quoting elbert3
{quote} morning L. i was on gold last year same thing won and lost, then i was on 3 pairs and started losing because as you see from my trades i use 1 5 and the higher ones to try to find s/r,, its not great i can get myself into lose trades easy because of the times i trade off ,but you have your way and it looks similar to mine, but every trader can see long and short in the same chart, at the same time if that make sense , best that traders find their own style and stick to it and work on it,,like golf to many golfers telling you how to play...

you're right but since the trading styles are essentially the same i would like to add a scalping strategy. off to a meeting

H1 view
Attached Image (click to enlarge)
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persistence and determination alone are omnipotent
  • #423,706
  • Feb 9, 2016 6:38am Feb 9, 2016 6:38am
SELL
1.44052
Stake
Stop
([COLOR=#EC174A !important]–[/color]/[COLOR=#0076C0 !important]–[/color]) 10
Guaranteed Stop 4414
Set Trailing Stop 8
Limit
([COLOR=#EC174A !important]1.43732[/color]/[COLOR=#0076C0 !important]1.44390[/color])P/L £[COLOR=#0076C0 !important]640.00[/color]
Hedging
Margin required for trade:
700.00 GB

this trade will be 160 lose or 640 win
  • #423,707
  • Feb 9, 2016 6:41am Feb 9, 2016 6:41am
Quoting elbert3
SELL 1.44052 Stake Stop (/) 10 Guaranteed Stop 4414 Set Trailing Stop 8 Limit (1.43732/1.44390)P/L 640.00 Hedging Margin required for trade: 700.00 GB this trade will be 160 lose or 640 win
pp now 405
  • #423,708
  • Feb 9, 2016 6:44am Feb 9, 2016 6:44am
Quoting elbert3
{quote} pp now 405
out 20 los that a cray 8 pip risk
  • #423,709
  • Feb 9, 2016 6:44am Feb 9, 2016 6:44am
one of these tls are correct ,

love
trend line police

find us at

trend lines R us .COM
(click on link -bones is always right )
or
(yes find whats right for you but don't be tempted to make it up because it worked once )

https://www.dailyfx.com/forex/educat...e_Trading.html

Quoting Ll1979
{quote} you're right but since the trading styles are essentially the same i would like to add a scalping strategy. off to a meeting H1 view {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 01 USD (DFB).png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,710
  • Feb 9, 2016 6:45am Feb 9, 2016 6:45am
Quoting elbert3
SELL 1.44052 Stake Stop (/) 10 Guaranteed Stop 4414 Set Trailing Stop 8 Limit (1.43732/1.44390)P/L 640.00 Hedging Margin required for trade: 700.00 GB this trade will be 160 lose or 640 win
Let see if it works or not!
keen to see that
  • #423,711
  • Feb 9, 2016 6:47am Feb 9, 2016 6:47am
looks like a test of the low yesterday
  • #423,712
  • Feb 9, 2016 6:51am Feb 9, 2016 6:51am
Stopped out for tiny loss there, market still has an Ask. Sitting on the sidelines until new daily lows.
"Don't fear a bubble until it starts to burst."
  • #423,713
  • Feb 9, 2016 6:55am Feb 9, 2016 6:55am
lol come on ,,it wants to go ,,,
  • #423,714
  • Feb 9, 2016 6:58am Feb 9, 2016 6:58am
I agree Dean its very bold to say pivots don't work or tls etc ,they work on any kind of chart
I guess thats M's experience ,he prefers his dynamic system which is cool
I would say if you know how to use something as it was intended ,(what every one else is doing)
understand it fully (its limitations espiecally) it will probably work
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,715
  • Feb 9, 2016 7:04am Feb 9, 2016 7:04am
Quoting Bones
I agree Dean its very bold to say pivots don't work or tls etc ,they work on any kind of chart I guess thats M's experience ,he prefers his dynamic system which is cool I would say if you know how to use something as it was intended ,(what every one else is doing) understand it fully (its limitations espiecally) it will probably work
Well Tony i just hope that from time to time these situations help the newer traders. Far from it do i know all and for sure i take losses as we all do but its always cool to learn and for sure we have all Been there.
I am sure that with your opinion and Elberts then these negative situations actually become positive, its just worrying when traders say stuff like i am giving you the green light for longs and i hope new traders dont fall for those trades or if they do then i guess they learn pretty fast lol.

Saying that i shall be scalping as of the next few trades so the plan is to understand for real how trend lines do work, match with pivot points and support and resistance.

Always cool to exchange thoughts
  • #423,716
  • Feb 9, 2016 7:08am Feb 9, 2016 7:08am
really, why don't start (UP)
  • #423,717
  • Feb 9, 2016 7:10am Feb 9, 2016 7:10am
Quoting elbert3
lol come on ,,it wants to go ,,,
You see E thats the thing with scalping i guess maybe its bouncing of 144 and ignoring yesterdays low .. small lol here.
Have a sell zone confirmed on the EURO for a scalp gonna wait for the signal to confirm with the zone.
Nothing on Pound dollars as yet but lets see - maybe a scalpers destinty is also to become a spammer too lol

Even though i am still holding two pound dollar buys lol
  • #423,718
  • Edited 7:47am Feb 9, 2016 7:12am | Edited 7:47am
Quoting dean1star
{quote} Well Tony i just hope that from time to time these situations help the newer traders. Far from it do i know all and for sure i take losses as we all do but its always cool to learn and for sure we have all Been there. I am sure that with your opinion and Elberts then these negative situations actually become positive, its just worrying when traders say stuff like i am giving you the green light for longs and i hope new traders dont fall for those trades or if they do then i guess they learn pretty fast lol. Saying that i shall be scalping...
as i say i am just a youtube trader,, i have not watched this it was the first one that came up,, but as youtube the question and there are lots of trading examples, so any newbies dont waste money on buying indicators , robots etc, learn yourself ,as D SAID AND MOST GOOD TRADERS SAY ,,,PLAY YOUR OWN TRADE,, YES LOOK AT OPINIONS BECAUSE THAT IS WHAT THIS THREAD IS FOR,, but use them in conjunction with all other means that you have,,, ps and dont play crazzzzy trades,, unless you me,,lol
  • #423,719
  • Feb 9, 2016 7:17am Feb 9, 2016 7:17am
Quoting elbert3
{quote} https://www.youtube.com/watch?v=v7Jxv-Wh0pg as i say i am just a youtube trader,, i have not watched this it was the first one that came up,, but as youtube the question and there are lots of trading examples, so any newbies dont waste money on buying indicators , robots etc, learn yourself ,as D SAID AND MOST GOOD TRADERS SAY ,,,PLAY YOUR OWN TRADE,, YES LOOK AT OPINIONS BECAUSE THAT IS WHAT THIS THREAD IS FOR,, but use them in conjunction with all other means that you have,,, ps and dont play crazzzzy trades,, unless you me,,lol...
Thats true
1 simple mistake makes you become 1000x better.
  • #423,720
  • Feb 9, 2016 7:32am Feb 9, 2016 7:32am
Quoting oswell
{quote} Thats true
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