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Cable Update (GBPUSD)

  • #425,761
  • Mar 4, 2016 2:53am Mar 4, 2016 2:53am
Quoting dean1star
{quote} Interesting call there Slk - i am out of position on the sells but working on a new system to get one trade a day on the range - Usually i make 400 pips net monthly so 100 pips a week plus change is cool and i know end of the month i will get that .. we play the waiting game - How are you doing .. Its tricky but not impossible right ..
Yeah, thats one hard lesson I learnt in my trading days. Averaging to me at least was my biggest downfall but I have come out of it now. Its just waiting game like you said now, aka "patience".

I am long now, have a target of 142.5
  • #425,762
  • Mar 4, 2016 2:55am Mar 4, 2016 2:55am
4250 or so looks like the common fib area to look for reasons to sell off local and long term resistance
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Come with me if you want to live....
  • #425,763
  • Mar 4, 2016 2:57am Mar 4, 2016 2:57am
Quoting openyoureyes
I wouldn't recommend trading G crosses before todays data release unless you already have a position / good strategy and/or good money management after data release / monday open seems good, remember next week there is Draghi on Thu.
Great advice I will try to get in on Monday.
  • #425,764
  • Mar 4, 2016 3:44am Mar 4, 2016 3:44am
looking for a break on either the upside or the downside
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persistence and determination alone are omnipotent
  • #425,765
  • Mar 4, 2016 3:52am Mar 4, 2016 3:52am
thinking about putting buy limit order, any recommendation what level I should put it?​
Letting losses run is the most serious mistake made by most investors.
  • #425,766
  • Mar 4, 2016 4:01am Mar 4, 2016 4:01am
aiming 1.407 short term
  • #425,767
  • Mar 4, 2016 4:56am Mar 4, 2016 4:56am
Quoting USDollar
{quote} Thanks the master said Time is the most important factor...... so I take it to heart
GBP struggling against U, EU rising slightly, looks like we could be headed south quickly on GU maybe even before NFP... I think you nailed it mate
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  • #425,768
  • Mar 4, 2016 5:50am Mar 4, 2016 5:50am
Quoting amonshi
thinking about putting buy limit order, any recommendation what level I should put it?​
change my mind, NFP data might be good and strengthen the dollar, not good for longs​
Letting losses run is the most serious mistake made by most investors.
  • #425,769
  • Mar 4, 2016 5:59am Mar 4, 2016 5:59am
on par with expectations to slightly under expectations - bias north - if it was south those sneaky tricky barsartds would be in now early selling off and they are not obviously .. and seeing the recent moves north in your mind might - might be thinking sell but then thats just way too easy for this pair right ..
  • #425,770
  • Mar 4, 2016 6:03am Mar 4, 2016 6:03am
Quoting dean1star
on par with expectations to slightly under expectations - bias north - if it was south those sneaky tricky barsartds would be in now early selling off and they are not obviously .. and seeing the recent moves north in your mind might - might be thinking sell but then thats just way too easy for this pair right ..
and these days NFP is way overated for what it actually stands for .. jobs in the non farm pay roll sector - how outdated does that sound lol
  • #425,771
  • Mar 4, 2016 6:53am Mar 4, 2016 6:53am
Quoting dean1star
{quote} and these days NFP is way overated for what it actually stands for .. jobs in the non farm pay roll sector - how outdated does that sound lol
Dude, NFP is still NFP, NFP still rocks the market
  • #425,772
  • Mar 4, 2016 6:54am Mar 4, 2016 6:54am
next target for gbpusd....
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joine me mql5.........
  • #425,773
  • Mar 4, 2016 7:00am Mar 4, 2016 7:00am
Quoting Darkforce
{quote} Dude, NFP is still NFP, NFP still rocks the market
But really does it - remember a few years back 200 pip moves - plus even - just cant remember the last time when it really moved.
OK might be wrong here but it seems to just drop and then buy back as if price is meaningless but 30 pip plus moves up and down now they are the important ones ..
but hey lets see how it plays .
  • #425,774
  • Mar 4, 2016 7:16am Mar 4, 2016 7:16am
I could be wrong but I am the news to negatively miss the expected and thus bulls win the day. My analysis is based on the recently released economic/job news which have not been great. Let's see.
Learn something new everyday.
  • #425,775
  • Mar 4, 2016 7:20am Mar 4, 2016 7:20am
Quoting Elinagw
I could be wrong but I am the news to negatively miss the expected and thus bulls win the day. My analysis is based on the recently released economic/job news which have not been great. Let's see.
yep with you on that - they need to finish the move up - 142 500 for sure
  • #425,776
  • Mar 4, 2016 7:34am Mar 4, 2016 7:34am
NFP really high number, might down 200 pips
Letting losses run is the most serious mistake made by most investors.
  • #425,777
  • Mar 4, 2016 7:40am Mar 4, 2016 7:40am
Quoting amonshi
NFP really high number, might down 200 pips
Maybe a bounce of the 141 back up to the high of the day - or at least the open price then range on 30 pip buy and sell to the weeks close ..

NFP exceeds expectations a surge in jobs for the usa market and what it dropped 40 pips lol ..
  • #425,778
  • Mar 4, 2016 8:06am Mar 4, 2016 8:06am
Quoting dean1star
{quote} Maybe a bounce of the 141 back up to the high of the day - or at least the open price then range on 30 pip buy and sell to the weeks close .. NFP exceeds expectations a surge in jobs for the usa market and what it dropped 40 pips lol ..
didn't expect that I got -20 sl lol
Letting losses run is the most serious mistake made by most investors.
  • #425,779
  • Mar 4, 2016 8:08am Mar 4, 2016 8:08am
whats going on!
Investing is SIMPLE but NOT EASY
  • #425,780
  • Mar 4, 2016 8:10am Mar 4, 2016 8:10am
Quoting amonshi
{quote} didn't expect that I got -20 sl lol
thats the whole point sadly your not supposed to get it your now looking at the chart and you cant call if it going up or down - the movers have control of the the 30 pips range and thats what they want - your money your account and a pat on the back to your broker for letting u in teh game and giving em a share of your spread when u enter .. its evolution sadly a few years back this was a 150 pips drop but its changing - and sorry but u cant lay this on the low average earnings rate either ..
sign of the times sadly they cream it and we get taken on the wrong bus outta town ..
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