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Cable Update (GBPUSD)

  • #426,561
  • Mar 23, 2016 3:11am Mar 23, 2016 3:11am
GBPUSD
Looking like a F16
Maybe take a Big Jump to........
One Day U Will Miss me!
  • #426,562
  • Mar 23, 2016 3:17am Mar 23, 2016 3:17am
Quoting aliqazi
GBPUSD Looking like a F16 Maybe take a Big Jump to........
might be worth seeing the directon wall st takes it in a few hours - maybe they give it some momentum
  • #426,563
  • Mar 23, 2016 3:18am Mar 23, 2016 3:18am
Anyone caught that beast ?http://www.forexfactory.com/showthre...55#post8826055 Looking for a reversal for same and EG, Trigger will be cci 31 crossing above -50 for GU and bellow 50 for EG.
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Precise Execution!
  • #426,564
  • Mar 23, 2016 3:27am Mar 23, 2016 3:27am
Attached Image (click to enlarge)
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break the possible ext in play 61 ND 161% bounce then 4800 to stay in upper trend channel 428 to watch then 4515 was the big fail as posted to Anil last week , gl E
  • #426,565
  • Mar 23, 2016 3:48am Mar 23, 2016 3:48am
Quoting elbert3
{image} break the possible ext in play 61 ND 161% bounce then 4800 to stay in upper trend channel 428 to watch then 4515 was the big fail as posted to Anil last week , gl E
nice to see you around B
persistence and determination alone are omnipotent
  • #426,566
  • Mar 23, 2016 3:51am Mar 23, 2016 3:51am
Quoting dean1star
{quote} Wondering why with grid trading you feel the need to use a repainting TMA band set at 61 - plus numerous other standard indicators - i know grid traders who are successfull - but 2,200 pips hmmmm ... have to think about that one - 500 yeh - 600 red lining the range of the day on a strong day - plus spread costs - if your not licensed then you would need what a 0.2 spread are retailers lucky to get that level of spread - looking at yesterdays range - well .. sorry but not convinced when your chart shows standard free indicators and the...
I get where you are getting.
The account had %50-60 DD before going into profit...
(~%40 margin left)

That said I blew many accounts, but I also created many more from %100-%200 daily returns.
The hard thing is managing my psychology; I try not to revenge trade.

DD was expected as GBP crosses/pairs have huge spread, and my entries/lot sizing were not perfect.
I don't really use indicators nor MA because they are all price dependent.

I try to play high probability setups: breakouts / false breakouts etc.
The best thing I do is trading "wicks and whipsaws".

SL/TP Slippage normally doesn't occur on a non-news day, I try to trade those days.

(I just pick some shiny templates from here, and I use them.)
  • #426,567
  • Mar 23, 2016 3:52am Mar 23, 2016 3:52am
Anyone currently long? I'm pretty stupid still holding floating loss but sometimes u just want to risk your money if u already have profit from last week
Letting losses run is the most serious mistake made by most investors.
  • #426,568
  • Mar 23, 2016 3:54am Mar 23, 2016 3:54am
Quoting openyoureyes
{quote} I get where you are getting. The account had %50-60 DD before going into profit... (~%40 margin left) That said I blew many accounts, but I also created many more from %100-%200 daily returns. The hard thing is managing my psychology; I try not to revenge trade. DD was expected as GBP crosses/pairs have huge spread, and my entries/lot sizing were not perfect. I don't really use indicators nor MA because they are all price dependent. I try to play high probability setups: breakouts / false breakouts etc. The best thing I do is trading "wicks...
​
looks interesting, I have little knowledge about grid trading will study about it soon
Letting losses run is the most serious mistake made by most investors.
  • #426,569
  • Mar 23, 2016 4:00am Mar 23, 2016 4:00am
#GBPUSD got stopped out on my last trade, looks like this trade will have momo behind it..... long @ 1.4163 / SL 1.4104 / C 1.4435
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #426,570
  • Mar 23, 2016 4:06am Mar 23, 2016 4:06am
double bottom on h1 chart
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #426,571
  • Mar 23, 2016 4:07am Mar 23, 2016 4:07am
Quoting aliqazi
I Think Gold Still go Down! and want to touch again low What about the Gold? .. and now Look GBPUSD Amaizing!
I don't trade it myself but gold maybe breaking up after channel break.
Longer term target 50 fib/pattern retest confluence

That's a big gap to close lol..., my broker has lost some data I think
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Come with me if you want to live....
  • #426,572
  • Mar 23, 2016 4:10am Mar 23, 2016 4:10am
#GBPUSD love seeing some divergence
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"W. D. Gann said that time is the most important factor among all things."
  • #426,573
  • Mar 23, 2016 4:11am Mar 23, 2016 4:11am
Quoting amonshi
Anyone currently long? I'm pretty stupid still holding floating loss but sometimes u just want to risk your money if u already have profit from last week
Could be a good area to look for a bounce as price approach the trend line. The long term trend still looks bearish though especially on the weekly chart.
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  • #426,574
  • Mar 23, 2016 4:20am Mar 23, 2016 4:20am
If Cable is bullish, it should reverse at the current levels.
Reasons:
50% Fib level
WS1 Pivot
Stochs look like there could be some room for short term reversal?
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HumbleTraders
  • #426,575
  • Mar 23, 2016 4:25am Mar 23, 2016 4:25am
Quoting TraderMonty
{quote} We are moving around some short-term S/R levels. I agree that 4250 area is a spot to watch. Also there is the D1 support at 1.4150. However, time frames analysis is pretty mixed now. {image}

I think that ascending 4hr TL is going to go this week.
4235/67(ish) is my rebound area to go down again but I already have a couple of longer term shorts in play so will go to bed and wait and see if we break the TL before adding in
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #426,576
  • Mar 23, 2016 4:25am Mar 23, 2016 4:25am
hello fellow traders,

been busy today with my work! currently i have two long positions in GU one @ 1.4170 and one @ 1.4185 targeting 1.4235

SL @ 1.4145
  • #426,577
  • Mar 23, 2016 4:31am Mar 23, 2016 4:31am
Quoting openyoureyes
{quote} I get where you are getting. The account had %50-60 DD before going into profit... (~%40 margin left) That said I blew many accounts, but I also created many more from %100-%200 daily returns. The hard thing is managing my psychology; I try not to revenge trade. DD was expected as GBP crosses/pairs have huge spread, and my entries/lot sizing were not perfect. I don't really use indicators nor MA because they are all price dependent. I try to play high probability setups: breakouts / false breakouts etc. The best thing I do is trading "wicks...
Kind of you to reply - thanks - u know sometimes around here people get the wrong end of the stick as such - but hey great info to consider - its great too see when other traders create and make their own systems - totally understand where you have been and are heading - nice one and good luck - great to see how you know your stuff and have figured it out by following that journey - btw i use the TMA bands - you caught my attention with that one -- thanks again
  • #426,578
  • Mar 23, 2016 5:22am Mar 23, 2016 5:22am
Quoting fxmasterdxb
hello fellow traders, been busy today with my work! currently i have two long positions in GU one @ 1.4170 and one @ 1.4185 targeting 1.4235 SL @ 1.4145
closed both @ 1.4184, PA is weak and does not indicate bullish movement
  • #426,579
  • Mar 23, 2016 5:42am Mar 23, 2016 5:42am
Quoting fxmasterdxb
{quote} closed both @ 1.4184, PA is weak and does not indicate bullish movement

I think you have a point...... seeing weakness in AU too. Out of my longs there.
  • #426,580
  • Mar 23, 2016 6:15am Mar 23, 2016 6:15am
buy GU
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persistence and determination alone are omnipotent
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