Cable Update (GBPUSD) | Page 21576 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #431,501
  • May 27, 2016 6:04am May 27, 2016 6:04am
[quote=adetola99;8949274]
Quoting HaLBot
{quote} thanks, when do you enter the market ?eg rules to enter and exit

Actually I look for S/R lines, I get on forums like FF to see what other traders are doing and FX websites, I keep an eye on Oil price, Nikkei and Dow and I look at what E/G, E/U U/J and G/J are doing....
I'm always trying to learn from other traders on this forum, you get to know who the real deal are, if your not sure checkout their members page.

I think getting a feel for the markets is important, like the other day I just knew there was going to be a rally and it happened, the daily was indecision and then the bremain camp had a boost and sent the pound up just as Dow and Nikkei were rallying, a perfect storm but before it all happened I got that feeling a rally was in the wings...
Don't Leave Money on the Table
  • #431,502
  • May 27, 2016 6:06am May 27, 2016 6:06am
[quote=adetola99;8949289]
Quoting HaLBot
{quote}
Mark Joseph Carney, OC is an Irish-Canadian economist who currently serves as Governor of the Bank of England and Chairman of the G20's Financial Stability Board. Wikipedia
Don't Leave Money on the Table
  • #431,503
  • May 27, 2016 6:09am May 27, 2016 6:09am
See I have a resistance line at 4670 and it's just stopped right before it, so now it may go higher and I'll buy or now might pull back...
Don't Leave Money on the Table
  • #431,504
  • May 27, 2016 6:12am May 27, 2016 6:12am
[quote=HaLBot;8949299]
Quoting adetola99
{quote} Mark Joseph Carney, OC is an Irish-Canadian economist who currently serves as Governor of the Bank of England and Chairman of the G20's Financial Stability Board. Wikipedia
ok
  • #431,505
  • May 27, 2016 6:24am May 27, 2016 6:24am
[quote=adetola99;8949307]
Quoting HaLBot
{quote} ok
As far as exiting a trade I like to make a minimum of 30 pips per trade but if theres a a lot of momentum I'll leave it open but always happy with 30 pips, so I'll set TP at 30 but if falls short close it out, hate seeing it trade up 20 pips then lose momentum and fall back below your entry...
Don't Leave Money on the Table
  • #431,506
  • May 27, 2016 6:28am May 27, 2016 6:28am
[quote=HaLBot;8949318]
Quoting adetola99
{quote} As far as exiting a trade I like to make a minimum of 30 pips per trade but if theres a a lot of momentum I'll leave it open but always happy with 30 pips, so I'll set TP at 30 but if falls short close it out, hate seeing it trade up 20 pips then lose momentum and fall back below your entry...
what about using parabolic indicator can it help too
you are more successful with long trade than the short right because that like my shortfall in trading now so looking for a way round it but any other idea on this
  • #431,507
  • May 27, 2016 6:37am May 27, 2016 6:37am
[quote=adetola99;8949325]
Quoting HaLBot
{quote} what about using parabolic indicator can it help too
I don't use it but there are traders who use it and get good results...

One of the brokers at ThinkForex, Adam showed me the way price moves away from EMAs and at some point must return, and he says he is only successful 50% of the time but makes a good living, so basically he's wrong 50% of the time and where else would an employer still let you keep your job?
Don't Leave Money on the Table
  • #431,508
  • May 27, 2016 6:46am May 27, 2016 6:46am
[quote=adetola99;8949220]
Quoting adetola99
{quote} how do you use your M1 to enter and exit
Trading is as simple as ABCD thread is worth a look if your interested in using the M1 TF for entries.

http://www.forexfactory.com/showthread.php?t=486543
Indentify > Plan > Accept > Execute
  • #431,509
  • May 27, 2016 6:49am May 27, 2016 6:49am
[quote=adetola99;8949325]
Quoting HaLBot
{quote} what about using parabolic indicator can it help too you are more successful with long trade than the short right because that like my shortfall in trading now so looking for a way round it but any other idea on this
I would not class a 30 pip trade as a long term trade, I might be in the market with that trade for 5 minutes!!! All hail the pound for it's volatility

The one thing above all else is not to get emotional about trading, a bad trader blames everything else but him/herself, a good trader says "that trade failed what can I do next time to make it better?"

SO DON'T GET EMOTIONAL ABOUT TRADING!!!!!!

I often hear traders in this and other forums upset about a failed trade, watch the Top professional sportsman when they lose they hardly show it, already moving on to the next game in their minds.
Don't Leave Money on the Table
  • #431,510
  • May 27, 2016 6:50am May 27, 2016 6:50am
[quote=wizlon32;8949357]
Quoting adetola99
{quote} Trading is as simple as ABCD thread is worth a look if your interested in using the M1 TF for entries. http://www.forexfactory.com/showthread.php?t=486543
Cheers Wizlon, I'll check it out
Don't Leave Money on the Table
  • #431,511
  • May 27, 2016 6:59am May 27, 2016 6:59am
Watchout for US news in 30minutes
Don't Leave Money on the Table
  • #431,512
  • May 27, 2016 7:42am May 27, 2016 7:42am
USD: The good news is the higher revision which should make up for the expectation miss. ​
  • #431,513
  • May 27, 2016 8:06am May 27, 2016 8:06am
weekly is hard up against it
I got to short
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 30 KB
Come with me if you want to live....
  • #431,514
  • May 27, 2016 10:30am May 27, 2016 10:30am
OK, here we go.

C.U Next week Cable!

Attached Image (click to enlarge)
Click to Enlarge Name: sellnforget.png Size: 133 KB
  • #431,515
  • May 27, 2016 10:57am May 27, 2016 10:57am
[quote=HaLBot;8949337]
Quoting adetola99
{quote} I don't use it but there are traders who use it and get good results... One of the brokers at ThinkForex, Adam showed me the way price moves away from EMAs and at some point must return, and he says he is only successful 50% of the time but makes a good living, so basically he's wrong 50% of the time and where else would an employer still let you keep your job?
ok thank but just want to be sure do you make pips with your short position
  • #431,516
  • May 27, 2016 10:57am May 27, 2016 10:57am
[quote=HaLBot;8949364]
Quoting wizlon32
{quote} Cheers Wizlon, I'll check it out
thanks
  • #431,517
  • May 27, 2016 10:58am May 27, 2016 10:58am
[quote=adetola99;8949887]
Quoting HaLBot
{quote} ok thank but just want to be sure do you make pips with your short position
i want to confirm if short position are bad for momentum traders
  • #431,518
  • May 27, 2016 12:47pm May 27, 2016 12:47pm
Good couple of days 160 pips in two days- just on position trading alone and not one loss this week

Have a good weekend guys
  • #431,519
  • May 27, 2016 6:46pm May 27, 2016 6:46pm
Cable having real issues with that final fib in the cycle with another weekly close below it

and my magic(x) wedge
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 26 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 24 KB
Come with me if you want to live....
  • #431,520
  • May 28, 2016 7:16am May 28, 2016 7:16am
#GBPUSD got stopped out @ the 45D = 1.4660 / pound having a tough time trying to stay above 45D for a few days..... not worth the risk if it cant....
covered all my long position now flat..... will look at my charts to see what could be possible for next week... in the mean time Kudos to those that were long for some nice pips
Attached Image
"W. D. Gann said that time is the most important factor among all things."
520 traders viewing now, 1 is registered: