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Cable Update (GBPUSD)

  • #424,861
  • Feb 22, 2016 3:35am Feb 22, 2016 3:35am
Surest ways to blow your account,trade gbp/jpy in these volatile times..
  • #424,862
  • Feb 22, 2016 3:47am Feb 22, 2016 3:47am
UK referendum in June. If this pound continue fall like this 1.2 will be its target before the vote
You cannot learn better without losing
  • #424,863
  • Feb 22, 2016 3:49am Feb 22, 2016 3:49am
time to buy
  • #424,864
  • Feb 22, 2016 3:50am Feb 22, 2016 3:50am
Quoting dean1star
Call this a patience trade .. 141 200 would be a good start however a play under 141 would be smarter - see how WS handle this later - patience trade.. better to miss a trade for the right reasons than hold a trade for the wrong ones if that makes any sense lol

1.4080 would form closely spaced Double Bottom on weekly
  • #424,865
  • Feb 22, 2016 3:54am Feb 22, 2016 3:54am
Quoting webstakes
time to buy

seem so but the chicken inside me still didn 't press the the buy button
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persistence and determination alone are omnipotent
  • #424,866
  • Feb 22, 2016 4:09am Feb 22, 2016 4:09am
Quoting Blackopal
{quote} 1.4080 would form closely spaced Double Bottom on weekly
Well spotted
  • #424,867
  • Feb 22, 2016 4:31am Feb 22, 2016 4:31am
Bought some at 1.4155 after that test... Held for a bit, but... I won't be convinced the bottom is in for today yet unless we convincingly break down through 40-45.
"Don't fear a bubble until it starts to burst."
  • #424,868
  • Feb 22, 2016 4:37am Feb 22, 2016 4:37am
Quoting meanvel
Bought some at 1.4155 after that test... Held for a bit, but... I won't be convinced the bottom is in for today yet unless we convincingly break down through 40-45.
NO way hey but hey Mikey hows it going bud - we still on for the big move like you said - i hope you have not changed that mind of yours again .. green pips buddy
  • #424,869
  • Feb 22, 2016 4:40am Feb 22, 2016 4:40am
Quoting Kajos2250
{quote} GU H4 GMT+2 not too strong but bears controll, invalidation remains. book some or BE at YPS1~4222... good luck! {image}
GU H4 GMT+2

under the YPS1~4222, bearish IB BO by a belt hold. conservative 50% retracement sell limit .4217, invalidation close above ~4313.
targeting ~4008...

good luck!
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Anything is math!
  • #424,870
  • Feb 22, 2016 4:44am Feb 22, 2016 4:44am
I may still establish a big long position for a two to three hour hold at some point today... But, I need the market to break this level down, and break it hard first...

May not get the setup until tomorrow.
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"Don't fear a bubble until it starts to burst."
  • #424,871
  • Feb 22, 2016 4:47am Feb 22, 2016 4:47am
Quoting meanvel
I may still establish a big long position for a two to three hour hold at some point today... But, I need the market to break this level down, and break it hard first... May not get the setup until tomorrow. {image}
Cool Mikey - great too know when you say may not .. is that in the unsure way of you dont know .. cool trade before btw what was it a 10 pip collect after the fact - listen why dont we skype will pm you my skype name - laters Bud
  • #424,872
  • Feb 22, 2016 4:49am Feb 22, 2016 4:49am
Quoting dean1star
Call this a patience trade .. 141 200 would be a good start however a play under 141 would be smarter - see how WS handle this later - patience trade.. better to miss a trade for the right reasons than hold a trade for the wrong ones if that makes any sense lol
I'm waiting for cable to drop to resistance just below 14100 on my chart for a long. I'm so impatient, that I'm fighting the urge to put a long on now! One of my pitfalls. I don't know how you guys are so strict with your trades. i'll get there hopefully! learn from the masters lol.
  • #424,873
  • Feb 22, 2016 4:51am Feb 22, 2016 4:51am
Can I just ask - if you ignore someone, can they still see your posts on this thread?
  • #424,874
  • Feb 22, 2016 4:54am Feb 22, 2016 4:54am
Quoting RadboneFX
Can I just ask - if you ignore someone, can they still see your posts on this thread?
Yep, unless they ignore you back
Come with me if you want to live....
  • #424,875
  • Feb 22, 2016 4:56am Feb 22, 2016 4:56am
Quoting RadboneFX
{quote} I'm waiting for cable to drop to resistance just below 14100 on my chart for a long. I'm so impatient, that I'm fighting the urge to put a long on now! One of my pitfalls. I don't know how you guys are so strict with your trades. i'll get there hopefully! learn from the masters lol.
Well having put the hours in if i might offer some advice the patience part arrives after the hours spent watching these moves .. for the most part that is
  • #424,876
  • Feb 22, 2016 5:10am Feb 22, 2016 5:10am
Quoting dean1star
{quote} Well having put the hours in if i might offer some advice the patience part arrives after the hours spent watching these moves .. for the most part that is
I suppose thats it, I've only been trading for a few months. I'm starting to see what happens with certain patterns.

One thing I've learnt as a newbie is don't rely on others charts/advice - always draw my own charts and then research. That's partly thanks to you as you've singled out a few people that aren't as good as they portray themselves to be!
  • #424,877
  • Feb 22, 2016 5:15am Feb 22, 2016 5:15am
Quoting RadboneFX
{quote} I suppose thats it, I've only been trading for a few months. I'm starting to see what happens with certain patterns. One thing I've learnt as a newbie is don't rely on others charts/advice - always draw my own charts and then research. That's partly thanks to you as you've singled out a few people that aren't as good as they portray themselves to be!
Well what i can say from experience is that this pair traded monthly can net anyone 400 pips - however it takes time to trade but its not impossible thats for sure.
Thing is around here for the most part a question is always answered but it seems your logical enough to see the wood from the trees ..
  • #424,878
  • Feb 22, 2016 5:27am Feb 22, 2016 5:27am
Personally feel we are now entering the buy zone so shall wait for a signal - could be within a 50 pip range from here and the 141 000
  • #424,879
  • Feb 22, 2016 5:31am Feb 22, 2016 5:31am
Quoting dean1star
{quote} Well what i can say from experience is that this pair traded monthly can net anyone 400 pips - however it takes time to trade but its not impossible thats for sure. Thing is around here for the most part a question is always answered but it seems your logical enough to see the wood from the trees ..

If you listen closely enough you can usually find the answer to your questions without asking.
  • #424,880
  • Feb 22, 2016 5:32am Feb 22, 2016 5:32am
this gap wont be filled, shorts on pullbacks is the better trade
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