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Cable Update (GBPUSD)

  • #423,801
  • Edited 1:23am Feb 10, 2016 12:59am | Edited 1:23am
Quoting meanvel
{quote} What I was saying was, normally I would have held that trade longer, but since it's before EU open, I took it off there.
Michael i tell you what i think i think your aiming to try and make clients out of this place, by proving your right all the time - why else would you have a LLC trading company and a www site linked to your profile page which i suspect might classify you as a commercial trader - i have notified forex factory who i think will be looking into your back ground - seems you are assoicated with many many internet domains and other stuff 20 plus on the last count . If i am wrong then accept my apologies in advance. If i am correct then it just goes to serve that most people have a modus operandi of their own agenda when touting around here. Lets let time do the telling shall we. Peace
  • #423,802
  • Edited 1:24am Feb 10, 2016 1:00am | Edited 1:24am
A good amount of traders have LLC's for trading... It's not exactly uncommon. It's a good idea in fact.
"Don't fear a bubble until it starts to burst."
  • #423,803
  • Feb 10, 2016 1:11am Feb 10, 2016 1:11am
SOLD EURO yesterday at 113 08

target 112 400

NO trade on Pound Dollar as of yet.
  • #423,804
  • Feb 10, 2016 1:16am Feb 10, 2016 1:16am
Quoting dean1star
SOLD EURO yesterday at 113 08 target 112 400 NO trade on Pound Dollar as of yet.
I would really recommend not telling others your positions or stops... It amplifies your emotions surrounding your trade and can screw you up.

It's really not recommended... Any experienced trader can tell you that. There are a few people like TD Ameritrade tutors in their chats who can handle trading publicly and don't get too stressed out by it, but most people just can't handle it.

Even if you "think" you can handle it, it's still subconsciously influencing you and others being aware and the peer pressure will most likely influence where you exit.
"Don't fear a bubble until it starts to burst."
  • #423,805
  • Feb 10, 2016 1:31am Feb 10, 2016 1:31am
Quoting dean1star
SOLD EURO yesterday at 113 08 target 112 400 NO trade on Pound Dollar as of yet.
Looks like a good trade, I would be surprised if the euro doesn't break down 100+ pips in the next couple days. Divergent wave... Market currently in regression.

Nobody take that as a recommendation to short though... Even if the euro drops, it's just a retrace, not a bear market.

Attached Image (click to enlarge)
Click to Enlarge Name: euroTechs.png Size: 16 KB
"Don't fear a bubble until it starts to burst."
  • #423,806
  • Feb 10, 2016 1:42am Feb 10, 2016 1:42am
IF pound dollar breaks the 145 400 zone then will be placing a sell.
If it doesnt then have to wait for next scalp trade.
  • #423,807
  • Feb 10, 2016 2:15am Feb 10, 2016 2:15am
Boyzzzz are you readyyy? Tonight's the night! Yellen shall give in to market tantrums and you know what happens next...
  • #423,808
  • Feb 10, 2016 2:16am Feb 10, 2016 2:16am
Gotta love megaphones! The GU seems to megaphone consistently early session lately...
"Don't fear a bubble until it starts to burst."
  • #423,809
  • Feb 10, 2016 2:23am Feb 10, 2016 2:23am
Quoting Bones
Hi L , Even tho I can't agree with you your obveously not the usual FF poster ,thats good , can take a bit of jest ,I'm happy someone criticise my charts honestly Im not sure what you mean inner tl ,maybe you can show me ,I'm happy you can find me something to learn a little any tl gotta make sense ,I often draw the odd 2 point in anticipation ,based on candles ,but then it would have to confirm some way is this an inner tl on eu ? I use these all the time , {quote} {image}
Morning Tony,

Love the jokes . The picture below is a good example of an inner trendline. The main reason i use inner trendlines is for spotting reversal and continuations in an early stage. Inner trendlines in combination with S-R, Fibonacci and Fibonacci extentions are very powerfull.

The downsite to inner trendlines it´s subjected to your imagination and sometimes making charts the way you feel they need to be. Outer trendlines normally leave less room for discussion and are well written in books etc inner trendlines aren´t documented very well (looking at some books from steve nisson, John J. Murphy etc)

keep me sharp Tony!
persistence and determination alone are omnipotent
  • #423,810
  • Feb 10, 2016 2:24am Feb 10, 2016 2:24am
Quoting ForexAuthor
Boyzzzz are you readyyy? Tonight's the night! Yellen shall give in to market tantrums and you know what happens next...
Yep, hopefully she can kick up some real action...

My H4 analysis... Trend is up, but the market is kinda just plodding along choppily. Price action feels like not much participation at the moment. The market needs to stick to the highs and stay near them if it's going to get a real move on.

Attached Image
"Don't fear a bubble until it starts to burst."
  • #423,811
  • Feb 10, 2016 2:38am Feb 10, 2016 2:38am
Quoting meanvel
{quote} I would really recommend not telling others your positions or stops... It amplifies your emotions surrounding your trade and can screw you up. It's really not recommended... Any experienced trader can tell you that. There are a few people like TD Ameritrade tutors in their chats who can handle trading publicly and don't get too stressed out by it, but most people just can't handle it. Even if you "think" you can handle it, it's still subconsciously influencing you and others being aware and the peer pressure will most...
morning all , not bad blind entry last night at 4460 lol as above to me that proves your trading position ,never bothers me i even copy my trade ticket , its called trade your own trade, as i said last week trade with confidence, waste of time putting the lottery on and thinking your not going to win,,
  • #423,812
  • Feb 10, 2016 2:40am Feb 10, 2016 2:40am
see if it gets support 4484 ish to go long again 4514 would be 4 candle s inside the bigger bull candle break high might see 4589/4600 top that ??? worse case bear 4220
  • #423,813
  • Feb 10, 2016 2:43am Feb 10, 2016 2:43am
Quoting elbert3
see if it gets support 4484 ish to go long again
waiting to scalp pound dollar above 145 400 for lower

Euro touched 50 pips in play waiting for target to close.

Scalping hey - good fun lol
  • #423,814
  • Feb 10, 2016 2:48am Feb 10, 2016 2:48am
Quoting elbert3
{quote} morning all , not bad blind entry last night at 4460 lol as above to me that proves your trading position ,never bothers me i even copy my trade ticket , its called trade your own trade, as i said last week trade with confidence, waste of time putting the lottery on and thinking your not going to win,,
I don't position trade. I would have a heart attack if I had to hold a position more than six hours... I would have to have absolute confidence in a situation to hold for that long.
"Don't fear a bubble until it starts to burst."
  • #423,815
  • Feb 10, 2016 2:56am Feb 10, 2016 2:56am
Quoting elbert3
see if it gets support 4484 ish to go long again 4514 would be 4 candle s inside the bigger bull candle break high might see 4589/4600 top that ??? worse case bear 4220
Looking at the current level now at 1.4505-15 then 1.4544 ish and above that 1.4590/1.46, see how these levels play out
  • #423,816
  • Feb 10, 2016 3:05am Feb 10, 2016 3:05am
Btw, news hits in 25 minutes, manufacturing production.
"Don't fear a bubble until it starts to burst."
  • #423,817
  • Feb 10, 2016 3:06am Feb 10, 2016 3:06am
[quote=Don96;8744250]{quote} Looking at the current level now at 1.4505-15 then 1.4544 ish and above that 1.4590/1.46, see how these levels play out[/quo

1.4505-15 tested once...
  • #423,818
  • Feb 10, 2016 3:08am Feb 10, 2016 3:08am
Quoting meanvel
{quote} I don't position trade. I would have a heart attack if I had to hold a position more than six hours... I would have to have absolute confidence in a situation to hold for that long.
Good to hear I'm not the only one suffering from that! !
  • #423,819
  • Feb 10, 2016 3:10am Feb 10, 2016 3:10am
Contrary to you two, I stand for position trading. I currently have a position since 2 nights ago...
  • #423,820
  • Feb 10, 2016 3:13am Feb 10, 2016 3:13am
Quoting ForexAuthor
Contrary to you two, I stand for position trading. I currently have a position since 2 nights ago...
You know, there is a saying... "Nobody who loves the markets or holding a position ever makes any money in the markets."

The people that enjoy the emotion swings are just here for the ride, not to make money... Generally. They love the thrill and the rush of gambling and are not here to trade.
"Don't fear a bubble until it starts to burst."
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