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Cable Update (GBPUSD)

  • #425,981
  • Mar 9, 2016 4:18am Mar 9, 2016 4:18am
Quoting dean1star
{quote} Btw ASG - where abouts in russia are you its a big place - have lots of contacts out there .. todays move might not be over just yet
I'm from Moscow boss, updated my profile. yeah you are right, now that I closed my EG shorts, this GU bimbo is on the move.
  • #425,982
  • Mar 9, 2016 4:35am Mar 9, 2016 4:35am
long EG 10 lots TP 7770 (+60). GU done. EU @ support. let's roll.
  • #425,983
  • Mar 9, 2016 4:42am Mar 9, 2016 4:42am
Quoting asgcorp
long EG 10 lots TP 7770 (+60). GU done. EU @ support. let's roll.

privet , kak vy delayete tam v rayu .. razve vy ne znali etogo
  • #425,984
  • Mar 9, 2016 4:50am Mar 9, 2016 4:50am
Quoting dean1star
{quote} privet , kak vy delayete tam v rayu .. razve vy ne znali etogo
dobriy den kollega. check out the EU selloff.
  • #425,985
  • Mar 9, 2016 7:01am Mar 9, 2016 7:01am
Attached Image


+ numbers to watch for false break
Attached Image
  • #425,986
  • Mar 9, 2016 7:41am Mar 9, 2016 7:41am
Quoting Don96
{image} + numbers to watch for false break {image}
Update: Not exact same drawing but...
Attached Image
  • #425,987
  • Mar 9, 2016 9:19am Mar 9, 2016 9:19am
Hi guys,
only one simple question on this currency.
the cable has big news nearly everyday, do i have to ignore them in H4? Because if i avoid them, i don't trade anything in that timeframe.
Thanks
  • #425,988
  • Mar 9, 2016 9:38am Mar 9, 2016 9:38am
Cable is a crazy trade, lately!

Anyone working with a tight stop strategy is likely to encounter serious whipsawing.
  • #425,989
  • Mar 9, 2016 9:45am Mar 9, 2016 9:45am
WHY is this piece of shit currency going up all of sudden in just 5 minutes??!!! What's the f***ing news?? The crude oil gaining grounds? Why does that have anything to do with GBP? GB is not an oil producer.

Cost me 79 pips, f***ing s***!!!
Make your losses in demo. Earn your profits live.
  • #425,990
  • Mar 9, 2016 9:56am Mar 9, 2016 9:56am
Quoting Forexia
WHY is this piece of shit currency going up all of sudden in just 5 minutes??!!! What's the f***ing news?? The crude oil gaining grounds? Why does that have anything to do with GBP? GB is not an oil producer. Cost me 79 pips, f***ing s***!!!
It seems GBP still on Bullish trend when i check previous moves, when prices goes down it doing slowly, and when up its doing within minutes, trap moves everywhere
Failure is not failure if you learn from it...
  • #425,991
  • Mar 9, 2016 10:25am Mar 9, 2016 10:25am
Quoting dean1star
{quote} Agreed not understanding this price action - made 2 trades short now on pound dollar from 142 300
Could u till me ur tp
  • #425,992
  • Mar 9, 2016 10:26am Mar 9, 2016 10:26am
Quoting dean1star
{quote} Agreed not understanding this price action - made 2 trades short now on pound dollar from 142 300
Nice environment for scalpers Do you use a system for scalping
Failure is not failure if you learn from it...
  • #425,993
  • Mar 9, 2016 10:27am Mar 9, 2016 10:27am
Quoting suneth2
{quote} It seems GBP still on Bullish trend when i check previous moves, when prices goes down it doing slowly, and when up its doing within minutes, trap moves everywhere
The shitty thing is we still don't know what caused it. WHY is the price going up so much?? What's the news? News coming out everyday and I don't see anything about cable except the Breixt which is not happening until June IF it happens.

The currency is becoming shittier and shittier everyday. It's so expensive to trade it, the commission takes like 20% out of the profit and the spread is horrendous. You would think a currency that is so highly traded with such large volume would have small spread but it's larger than CAD. And most of the week, it's so flat except this ONE big shitty move!!

I am switching to another currency. Not wasting my money on this shit currency.
Make your losses in demo. Earn your profits live.
  • #425,994
  • Mar 9, 2016 10:28am Mar 9, 2016 10:28am
Quoting suneth2
{quote} Nice environment for scalpers Do you use a system for scalping
I scalp and that's how I got burned by that one BIG movement up. Wiped out 70 pips of my money!
Make your losses in demo. Earn your profits live.
  • #425,995
  • Mar 9, 2016 10:38am Mar 9, 2016 10:38am
Quoting suneth2
{quote} Nice environment for scalpers Do you use a system for scalping
i scalp manually - draw trendlines and look for positions around lets say a 142 000 line say 20 pips above for a scalp down
and i also like the 500 line lets say 20 pips above then go for the sell back just watch the numbers and draw a manual trend line
thats how i scalp on the 5 mins chart- keeps you awake thats for sure
  • #425,996
  • Mar 9, 2016 10:57am Mar 9, 2016 10:57am
Quoting dean1star
{quote} i scalp manually - draw trendlines and look for positions around lets say a 142 000 line say 20 pips above for a scalp down and i also like the 500 line lets say 20 pips above then go for the sell back just watch the numbers and draw a manual trend line thats how i scalp on the 5 mins chart- keeps you awake thats for sure
on average when scalping 2 trades aday at 20 pips ago can create 800 pips a month
400 is like awesome for me so plus that is cool
one trade up
one trade down
wax on
wax off
  • #425,997
  • Mar 9, 2016 10:58am Mar 9, 2016 10:58am
Quoting dean1star
{quote} on average when scalping 2 trades aday at 20 pips ago can create 800 pips a month 400 is like awesome for me so plus that is cool one trade up one trade down wax on wax off
Great, what is the RR ratio of scalping
Failure is not failure if you learn from it...
  • #425,998
  • Mar 9, 2016 11:06am Mar 9, 2016 11:06am
Quoting suneth2
{quote} Great, what is the RR ratio of scalping
you might say almost 3 to 1 - in that 20 pips net on a 50 pip stop loss
look at a 5 mins chart and say to your self how many times do you see 3 candles grouped around a 000 line or a 500 line
50 pips stop loss - net 20 pips one move up and another down each day if you can even just 20 pips aday is workable.
  • #425,999
  • Mar 9, 2016 12:23pm Mar 9, 2016 12:23pm
Posting from the pub - so please take with a pinch of salt - but H4 and H1 showing bearish divergence. Given today's price action, I'll be looking to get in a short before close tonight.

This post was brought to you by overpriced Peroni.
  • #426,000
  • Mar 9, 2016 12:26pm Mar 9, 2016 12:26pm
Quoting Luzbay
Posting from the pub - so please take with a pinch of salt - but H4 and H1 showing bearish divergence. Given today's price action, I'll be looking to get in a short before close tonight. This post was brought to you by overpriced Peroni.
Post of the week
Certainly take a pint of Pride there with you if they had some ..
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