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Cable Update (GBPUSD)

  • #426,681
  • Edited 2:52pm Mar 24, 2016 11:22am | Edited 2:52pm
#9 Trade Psychology

That trendline is bugging me, hoping on a fakeout!

If it breaks I can already see a head shoulders pattern forming before it continues down..?

Why I'm not letting this mess with my head:

  1. Momentum is up on the H4 (EMA 5 | Green crossed SMA 8 | Red)
  2. No Lower Low was formed
  3. Hammer pattern on the H4 followed by an inverted hammer
  4. Double bottem pattern which could possibly turn into a head and shoulder
  5. Possible hammer pattern forming on the D chart
  6. I'm trading with a lower risk (Fib 78,6% broken)
  7. I'm adjusting my S/L as quickly as possible to breakeven
  8. Sentiment is with me

-> Time to make some dinner.

Setup
http://www.forexfactory.com/showthre...23#post8833423
Entry
http://www.forexfactory.com/showthre...08#post8833808
Outlook
http://www.forexfactory.com/showthre...36#post8834236
Management #1
http://www.forexfactory.com/showthre...57#post8834357

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
Click to Enlarge Name: Screenshot2.png Size: 68 KB
What's that smell? ---- I smell money!
  • #426,682
  • Mar 24, 2016 11:26am Mar 24, 2016 11:26am
tomorrow is easter,
this could move above 1.42

but I am targeting lower

anyway tight SL

R:R
+ 1:5

risking ~%4-5 for +%20-25
  • #426,683
  • Mar 24, 2016 11:33am Mar 24, 2016 11:33am
Quoting openyoureyes
some shorts here TP: 1.408 SL: 1.4165 nice R:R %40 return today, time to risk some of that cheers {image}
keep on banging em .. nice to hear
  • #426,684
  • Mar 24, 2016 11:49am Mar 24, 2016 11:49am
Quoting openyoureyes
some shorts here TP: 1.408 SL: 1.4165 nice R:R %40 return today, time to risk some of that cheers {image}

GL with this. It will hit 1.42 today.
  • #426,685
  • Mar 24, 2016 12:04pm Mar 24, 2016 12:04pm
Quoting karolisl
{quote} GL with this. It will hit 1.42 today.
it's demo trading
  • #426,686
  • Mar 24, 2016 12:24pm Mar 24, 2016 12:24pm
hello all . i am new here. hows going, i am long gu with target 4340
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 82 KB
  • #426,687
  • Mar 24, 2016 12:32pm Mar 24, 2016 12:32pm
Quoting pointlessfor
hello all . i am new here. hows going, i am long gu with target 4340 {image}
nice but your chart is ugly.
  • #426,688
  • Mar 24, 2016 12:34pm Mar 24, 2016 12:34pm
Quoting asgcorp
{quote} nice but your chart is ugly.
hmm looks like we want go again 4150 . if i scalp i will short 4170
  • #426,689
  • Mar 24, 2016 12:34pm Mar 24, 2016 12:34pm
If daily close below trend line will SELL.
Attached Image
  • #426,690
  • Mar 24, 2016 12:39pm Mar 24, 2016 12:39pm
Quoting Jure86
If daily close below trend line will SELL. {image}
There's that trendline again...
What's that smell? ---- I smell money!
  • #426,691
  • Mar 24, 2016 12:42pm Mar 24, 2016 12:42pm
I would call that Higer High.
At 5min charts, the risk is so low, its worth a shot.
Long at 1.4112 after making higher high on 5min charts and pulling back towards 50% Fib.
Stop below recent low
Target 1.43
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 56 KB
HumbleTraders
  • #426,692
  • Mar 24, 2016 12:45pm Mar 24, 2016 12:45pm
looks like it's too early to bury GU on all that brexit hype. Inverted H&S on daily potential setup.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB
  • #426,693
  • Edited 2:49pm Mar 24, 2016 12:48pm | Edited 2:49pm
#9 Trade Report

80 Pips up! Waiting for the H4 to close so I can move up my S/L. If the open of the next candle is above 1.41609 I will break even.

Setup
http://www.forexfactory.com/showthre...23#post8833423
Entry
http://www.forexfactory.com/showthre...08#post8833808
Outlook
http://www.forexfactory.com/showthre...36#post8834236
Management #1
http://www.forexfactory.com/showthre...57#post8834357
Psychology
http://www.forexfactory.com/showthre...98#post8834498
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
What's that smell? ---- I smell money!
  • #426,694
  • Mar 24, 2016 12:52pm Mar 24, 2016 12:52pm
anyone trading a real live account in here?
  • #426,695
  • Mar 24, 2016 12:56pm Mar 24, 2016 12:56pm
made peanut butter change today but in live account that's x2 since I got 2 live ctrader accounts.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #426,696
  • Mar 24, 2016 1:11pm Mar 24, 2016 1:11pm
sold GU @ 1.4175, SL 1.4190
  • #426,697
  • Mar 24, 2016 1:11pm Mar 24, 2016 1:11pm
Quoting asgcorp
anyone trading a real live account in here?
i wish its been 7 years and still in demo - but i hope too one day soon
  • #426,698
  • Edited 3:51pm Mar 24, 2016 1:14pm | Edited 3:51pm
#9 Trade Management 2

H4 Candle opened above 1.41609, moved my S/L to breakeven (+ 3 PIPS) @ 1.41339 as in my tradeplan.

Waiting for price to hit 1.42059 as I close in MAP (20 PIPS).

Setup
http://www.forexfactory.com/showthre...23#post8833423
Entry
http://www.forexfactory.com/showthre...08#post8833808
Outlook
http://www.forexfactory.com/showthre...36#post8834236
Management 1
http://www.forexfactory.com/showthre...57#post8834357
Psychology
http://www.forexfactory.com/showthre...98#post8834498
Report 1
http://www.forexfactory.com/showthre...09#post8834709
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
What's that smell? ---- I smell money!
  • #426,699
  • Mar 24, 2016 1:16pm Mar 24, 2016 1:16pm
Quoting dean1star
{quote} i wish its been 7 years and still in demo - but i hope too one day soon
demo is a time wasting experience, live account trading completely different experience, just my 2 cents whatever it's worth.
  • #426,700
  • Mar 24, 2016 1:17pm Mar 24, 2016 1:17pm
Quoting asgcorp
anyone trading a real live account in here?
No demo account still testing my strategy.
Finally found one that I am comfortably with, it only took 1 year.
If It is profitable in the long run and I can hit a few goals in 1 year I'm going live.

How about you?
What's that smell? ---- I smell money!
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