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Cable Update (GBPUSD)

  • #425,041
  • Feb 23, 2016 8:15am Feb 23, 2016 8:15am
shorted GU
persistence and determination alone are omnipotent
  • #425,042
  • Feb 23, 2016 8:23am Feb 23, 2016 8:23am
Quoting Ll1979
shorted GU
ans s/l with a locked profit
persistence and determination alone are omnipotent
  • #425,043
  • Feb 23, 2016 8:24am Feb 23, 2016 8:24am
Not sure what are the chances but there is always a possibility that people may pull out of UK stocks because of BREXIT fears and BUY GOLD
  • #425,044
  • Feb 23, 2016 8:30am Feb 23, 2016 8:30am
wachting for a retest on 1.4090 for a possible short
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persistence and determination alone are omnipotent
  • #425,045
  • Feb 23, 2016 8:40am Feb 23, 2016 8:40am
It needs to fill that gap in the blue box.
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  • #425,046
  • Feb 23, 2016 8:48am Feb 23, 2016 8:48am
[quote=Techanalyst;8771594]It needs to fill that gap in the blue box. {image}[/quote
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  • #425,047
  • Feb 23, 2016 8:51am Feb 23, 2016 8:51am
Quoting Ll1979
{quote} if those sl you mentioned got hit it could go fast {image}
thats the thing its moments like this when u say i wished i had stayed in that trade - or as u say u get pancaked and it drops fast -..
not looking like any buyers are in the market ..
  • #425,048
  • Feb 23, 2016 8:53am Feb 23, 2016 8:53am
Quoting RadboneFX
{quote} I've got a sell position @14108 with a tight stop - figured it was worth a punt!
Nice punt ..
  • #425,049
  • Feb 23, 2016 8:57am Feb 23, 2016 8:57am
This thread has made interesting reading over the last few days. How 90% of people have been advocating longs in an ultra bearish market is crazy.
  • #425,050
  • Feb 23, 2016 9:01am Feb 23, 2016 9:01am
Quoting Qu|cksilver
Thanks for your reply. My strategy when the market open above 1.8950 i will set long because the market open above the resistance.
The question of whether it goes up is not one of if...

Its when!

And how long and how far in the red the investor/speculator can hang in the red.

Bearing in mind a loss is rare when you follow the 2/3% trading rule

Clearly for those who can!
  • #425,051
  • Feb 23, 2016 9:08am Feb 23, 2016 9:08am
[quote=Squiggles;8771615]
Quoting Techanalyst
It needs to fill that gap in the blue box. {image}[/quote{image}
persistence and determination alone are omnipotent
  • #425,052
  • Feb 23, 2016 9:12am Feb 23, 2016 9:12am
Quoting dean1star
{quote} thats the thing its moments like this when u say i wished i had stayed in that trade - or as u say u get pancaked and it drops fast -.. not looking like any buyers are in the market ..
it 's frustrating still covering my losses from this week
persistence and determination alone are omnipotent
  • #425,053
  • Feb 23, 2016 9:17am Feb 23, 2016 9:17am
Quoting ZizoFX
{quote} Aha, Good day Sir Chonchy Sorry I've been away too
....No problem Sir. I'll be in my corner until you guys decide to pick me up from the bar you guys left me alone, drinking by myself.....
The Chonchy
  • #425,054
  • Feb 23, 2016 9:29am Feb 23, 2016 9:29am
[quote=Ll1979;8771672]
Quoting Squiggles
{quote}
What is so funny?
  • #425,055
  • Feb 23, 2016 9:30am Feb 23, 2016 9:30am
Quoting dean1star
{quote} Nice punt ..

cheers dude. going to hang onto the position for a bit. I've locked in profit with a SL incase price goes north.
  • #425,056
  • Feb 23, 2016 9:43am Feb 23, 2016 9:43am
Quoting DonFF
{quote} The question of whether it goes up is not one of if... Its when! And how long and how far in the red the investor/speculator can hang in the red. Bearing in mind a loss is rare when you follow the 2/3% trading rule Clearly for those who can!
Its usually 2 choices whether to persist with a strategy which is a subset to the overall goal of taking profit out of the market...

To persist with the goal of taking profit simply shift your profit timeframe 1day 1wk or 1mth....The profit is always there if the trade was done fundamentally correct. Unless you want to correct course by taking small loss!

Bottom line its always a choice
  • #425,057
  • Feb 23, 2016 9:43am Feb 23, 2016 9:43am
[quote=Techanalyst;8771726]
Quoting Ll1979
{quote} What is so funny?
No it does not need to fill the gap...but you can go long of course.
  • #425,058
  • Feb 23, 2016 9:53am Feb 23, 2016 9:53am
[quote=dcavar;8771764]
Quoting Techanalyst
{quote} No it does not need to fill the gap...but you can go long of course.
Eventually sooner or later it will fill the gap.
  • #425,059
  • Feb 23, 2016 10:05am Feb 23, 2016 10:05am
[quote=Techanalyst;8771798]
Quoting dcavar
{quote} Eventually sooner or later it will fill the gap.
  • #425,060
  • Feb 23, 2016 10:14am Feb 23, 2016 10:14am
[quote=el_duende;8771823]
Quoting Techanalyst
{quote}
Ok.
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