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Cable Update (GBPUSD)

  • #424,341
  • Feb 17, 2016 8:42am Feb 17, 2016 8:42am
80 pips up this morning turned into 12, 40 up just turned into -40, what a joke, shouldn't have added the last trade but fuck me missed my tp by the spread... again...
  • #424,342
  • Feb 17, 2016 8:44am Feb 17, 2016 8:44am
Quoting dean1star
{quote} Don i was just going to quote you had that feeling u had either fallen off your chair or passed out lol .. play the game as they say right
seriously fucked up this is, fucked my account up badly today, when it should have been way up, fucking joke, probably the worst day ive had in ages
  • #424,343
  • Feb 17, 2016 8:45am Feb 17, 2016 8:45am
Fuckkkkkkkk.... David Cameron Please increase the interest rates immediately... i am getting out of margin...
Please help me where the price is likely to move within a week ?
  • #424,344
  • Feb 17, 2016 8:46am Feb 17, 2016 8:46am
Quoting Don96
{quote} seriously fucked up this is, fucked my account up badly today, when it should have been way up, fucking joke, probably the worst day ive had in ages
Well at least your not serving up quaterpounders and asking would u like fries with your order ..


Great learning curve and a reminder
  • #424,345
  • Feb 17, 2016 8:47am Feb 17, 2016 8:47am
Quoting dean1star
{quote} Well at least your not serving up quaterpounders and asking would u like fries with your order .. Great learning curve and a reminder
The only thing to learn from today is to move your target 5 short of what you think... then id be fucking jolly and wouldn't be pissed
  • #424,346
  • Feb 17, 2016 8:47am Feb 17, 2016 8:47am
Quoting Don96
{quote} seriously fucked up this is, fucked my account up badly today, when it should have been way up, fucking joke, probably the worst day ive had in ages
same feeling here Bro.. I wasn't expecting this kind of bullshit movement for GBP . Lets pray for USD to fall after few days...
  • #424,347
  • Feb 17, 2016 8:52am Feb 17, 2016 8:52am
Quoting Don96
{quote} The only thing to learn from today is to move your target 5 short of what you think... then id be fucking jolly and wouldn't be pissed
See always an answer there trader .. anyways look on the bright side Meanvel will be along soon to educate all of us again .. he sleeps with one eye open too so the legend goes .. :nerd:
  • #424,348
  • Feb 17, 2016 8:54am Feb 17, 2016 8:54am
why why why has this happened today, should have been 100+ pips up instead ive revenge traded and all sorts, fucked up big time
  • #424,349
  • Feb 17, 2016 8:59am Feb 17, 2016 8:59am
Quoting Don96
why why why has this happened today, should have been 100+ pips up instead ive revenge traded and all sorts, fucked up big time
Use futures contract 6B for trading GBP/USD and you don't have to pay the spread.
What I like about FX is that you can increase position size gradually but what I don't like is spread.

As spread is part of FX market then I have accepted it.
I might be wrong , I have been wrong before
  • #424,350
  • Feb 17, 2016 8:59am Feb 17, 2016 8:59am
Maybe Elbert will return and teach us all his 20 pips in and 20 pips out trendline system - its days like this that make it sound like the holy grail l..
but guess he retired with the winnings already .. wots next ..
  • #424,351
  • Feb 17, 2016 9:01am Feb 17, 2016 9:01am
I wonder if this thing is going to get back down there, and maybe a E/U break below 1.11000
  • #424,352
  • Feb 17, 2016 9:03am Feb 17, 2016 9:03am
For any chance at redemption this is what I want to happen anyway lol - so in other words everyone go long on G/U and E/U and youll probably be rich in about an hour
  • #424,353
  • Feb 17, 2016 9:05am Feb 17, 2016 9:05am
Quoting Don96
For any chance at redemption this is what I want to happen anyway lol - so in other words everyone go long on G/U and E/U and youll probably be rich in about an hour
Fuck off - another tp missed by spread at 1.42478... fuck my life, someone knows I'm in this market I'm sure of it
  • #424,354
  • Feb 17, 2016 9:10am Feb 17, 2016 9:10am
shorting usdjpy on h4 risking 0,33%
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persistence and determination alone are omnipotent
  • #424,355
  • Feb 17, 2016 9:14am Feb 17, 2016 9:14am
I think cable is set up for something quite nasty.

We've got about 50 minute left for this H4 candle, we flushed 1.4243, hitting all the stops, then turned back
On top, 1.4380 is still an unfinished business there.

So at the moment, the direction is all depends on the close of the current H4, but given that FOMC is coming in 4 hours time, the pre-announcement positioning move could mess up the PA, make it harder to read.

I personally would stay out for now, and my earlier longs were stopped out at BE+5. Today's not an easy day, like all FOMC days.
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  • #424,356
  • Feb 17, 2016 9:17am Feb 17, 2016 9:17am
Quoting Don96
For any chance at redemption this is what I want to happen anyway lol - so in other words everyone go long on G/U and E/U and youll probably be rich in about an hour
u got it
hold that position .. 143 and 142 600
  • #424,357
  • Feb 17, 2016 9:57am Feb 17, 2016 9:57am
Quoting Don96
why why why has this happened today, should have been 100+ pips up instead ive revenge traded and all sorts, fucked up big time
Because of hesitation at wS2 (?) + RN50 vs clean break of wS1. I feel for you
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  • #424,358
  • Feb 17, 2016 10:03am Feb 17, 2016 10:03am
Ummmm...
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  • #424,359
  • Feb 17, 2016 10:04am Feb 17, 2016 10:04am
Holding position plus 65 pips
play for the 144 now
maybe with an overshoot
  • #424,360
  • Feb 17, 2016 10:05am Feb 17, 2016 10:05am
Quoting yelena
{quote} Because of hesitation at wS2 (?) + RN50 vs clean break of wS1. I feel for you {image}
Nice supports you have there Yelena ..
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