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Cable Update (GBPUSD)

  • #431,481
  • May 27, 2016 4:24am May 27, 2016 4:24am
Quoting chazzle
GU H4 good chance we've just seen low of the session/day imo {image}
I'd like a chance at 1.4593 myself bro...
Look Sharp/Trade Tight
  • #431,482
  • May 27, 2016 4:29am May 27, 2016 4:29am
Quoting PayTheLimit
{quote} I'd like a chance at 1.4593 myself bro...
Eye on 1.4550 which can open the free fall to 1.4240:nerd:
  • #431,483
  • May 27, 2016 4:34am May 27, 2016 4:34am
long is easy to trade than short has a momentum trader any idea in the house
  • #431,484
  • May 27, 2016 4:43am May 27, 2016 4:43am
Quoting PayTheLimit
{quote} I'd like a chance at 1.4593 myself bro...
hey man long time - hope all's well ... stopped on prior long got back in 1.4628 - let's see
  • #431,485
  • May 27, 2016 4:44am May 27, 2016 4:44am
Quoting adetola99
long is easy to trade than short has a momentum trader any idea in the house
I check the 5min 15 min 30 min 1 hr 4hr and daily but will use the 1 minute chart to take a 'buy' position when momentum trading, I find it the best for entries
Just look at what happened when price hit 1.4620, price leapt of there and with 1 minute you get more accurate with your entry but as far as 'selling' I find it difficult, I'm not a bear player but slowly learning to do so...
Don't Leave Money on the Table
  • #431,486
  • May 27, 2016 5:01am May 27, 2016 5:01am
Quoting HaLBot
{quote} I check the 5min 15 min 30 min 1 hr 4hr and daily but will use the 1 minute chart to take a 'buy' position when momentum trading, I find it the best for entries Just look at what happened when price hit 1.4620, price leapt of there and with 1 minute you get more accurate with your entry but as far as 'selling' I find it difficult, I'm not a bear player but slowly learning to do so...
I check my trade and most time I made profit was always on long position and when I lose it was always on short position if I should just take long position and move to the correlation of the pair if it goes short EG once gbpusd is in short I just go and buy eurgbp
  • #431,487
  • May 27, 2016 5:02am May 27, 2016 5:02am
Quoting adetola99
{quote} I check my trade and most time I made profit was always on long position and when I lose it was always on short position if I should just take long position and move to the correlation of the pair if it goes short EG once gbpusd is in short I just go and buy eurgbp
How do you find buying eur/gbp, I've never traded it?
Don't Leave Money on the Table
  • #431,488
  • May 27, 2016 5:13am May 27, 2016 5:13am
[quote=HaLBot;8949195]{quote} How do you find buying eur/gbp, I've never traded it?[/q

it just buying the Gbp/usd too, eg since i do not make much on short position for GBP/usd i just move to eurgbp to buy and still make little pips until i can figure out how to sell in gbp/usd
once gbpusd is down eurgbp is up or i check for pairs that are -1 correlated to the pair
  • #431,489
  • Edited 5:31am May 27, 2016 5:16am | Edited 5:31am
finer details cable monthly is bulls have to take res we are at in next days ,and change the body for immediate up,price currently sits just under 668 range top from feb
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 gbp month USD (DFB).png Size: 17 KB
Click to Enlarge Name: h1 USD (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431,490
  • May 27, 2016 5:18am May 27, 2016 5:18am
[quote=adetola99;8949207]
Quoting HaLBot
{quote} How do you find buying eur/gbp, I've never traded it?[/q it just buying the Gbp/usd too, eg since i do not make much on short position for GBP/usd i just move to eurgbp to buy and still make little pips until i can figure out how to sell in gbp/usd once gbpusd is down eurgbp is up or i check for pairs that are -1 correlated to the pair
how do you use your M1 to enter and exit
  • #431,491
  • May 27, 2016 5:20am May 27, 2016 5:20am
[quote=adetola99;8949220]
Quoting adetola99
{quote} how do you use your M1 to enter and exit

http://thinkforex.ctrader.com/images/screens/BnGbn.png
Don't Leave Money on the Table
  • #431,492
  • May 27, 2016 5:22am May 27, 2016 5:22am
[quote=adetola99;8949220]
Quoting adetola99
{quote} how do you use your M1 to enter and exit

So you see I use stochastic as well....it's fairly accurate because it's on such a small time frame, but takes practise and focus, start wondering in your mind and you screw up....but that applies to everything in life
Don't Leave Money on the Table
  • #431,493
  • May 27, 2016 5:23am May 27, 2016 5:23am
Cable printed lower high this time around...maybe bulls had their fill for the week ???
Don't Leave Money on the Table
  • #431,494
  • May 27, 2016 5:30am May 27, 2016 5:30am
[quote=HaLBot;8949224]
Quoting adetola99
{quote} {image}

Also on my chart you'll see the 5(purple), 20(Blue) and 50(Yelllow) ema and if price grows away from EMAs at some point it has to come back like it's on a rubber band...
Don't Leave Money on the Table
  • #431,495
  • May 27, 2016 5:32am May 27, 2016 5:32am
[quote=HaLBot;8949237]
Quoting HaLBot
{quote} Also on my chart you'll see the 5(purple), 20(Blue) and 50(Yelllow) ema and if price grows away from EMAs at some point it has to come back like it's on a rubber band...
ok
  • #431,496
  • May 27, 2016 5:37am May 27, 2016 5:37am
[quote=adetola99;8949246]
Quoting HaLBot
{quote} ok
So now you have all my momentum trading 'Secrets'....but as I said it takes practice and you'll still screw up but since my turn around mid April I'm up 377 percent so I must be doing something right...

I broke up with my partner earlier this year(not cause of trading) so can spend all my time after work trading to master this and get some financial freedom and travel the world
Don't Leave Money on the Table
  • #431,497
  • May 27, 2016 5:44am May 27, 2016 5:44am
Quoting chazzle
{quote} hey man long time - hope all's well ... stopped on prior long got back in 1.4628 - let's see
long time indeed chaz man, hope you've been well....
Look Sharp/Trade Tight
  • #431,498
  • May 27, 2016 5:50am May 27, 2016 5:50am
[quote=HaLBot;8949255]
Quoting adetola99
{quote} So now you have all my momentum trading 'Secrets'....but as I said it takes practice and you'll still screw up but since my turn around mid April I'm up 377 percent so I must be doing something right... I broke up with my partner earlier this year(not cause of trading) so can spend all my time after work trading to master this and get some financial freedom and travel the world
thanks, when do you enter the market ?eg rules to enter and exit
  • #431,499
  • May 27, 2016 5:51am May 27, 2016 5:51am
[quote=adetola99;8949274]
Quoting HaLBot
{quote} thanks, when do you enter the market ?eg rules to enter and exit
I have a direct line to Carney
Don't Leave Money on the Table
  • #431,500
  • May 27, 2016 5:59am May 27, 2016 5:59am
[quote=HaLBot;8949276]
Quoting adetola99
{quote} I have a direct line to Carney
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