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Cable Update (GBPUSD)

  • #431,661
  • May 31, 2016 10:59am May 31, 2016 10:59am
Jeez down 1% today against USD
TE started 6/4/19
  • #431,662
  • May 31, 2016 11:07am May 31, 2016 11:07am
CABLE will more likely do this....
i am trying out a very aggressive trading method on a live account. Just banked almost 1,200 pips today. Will see how that pans out over time with that account.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 38 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #431,663
  • May 31, 2016 1:06pm May 31, 2016 1:06pm
Quoting iamawaited
CABLE will more likely do this.... i am trying out a very aggressive trading method on a live account. Just banked almost 1,200 pips today. Will see how that pans out over time with that account. {image}
How do you count pips?

My count is:
1 lot * 1 pip = 1 pip and $1.00
2 lots * 1 pip = 1 pip and $2.00
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #431,664
  • May 31, 2016 1:46pm May 31, 2016 1:46pm
when is the next brexit poll
money ain't shit,i'm the shit..
  • #431,665
  • May 31, 2016 1:50pm May 31, 2016 1:50pm
Quoting aarontan
+50 Got out earlier :/ Fib, 50 to 0. {image}
never get out before price get rids of boiling lower upper bands..

get out when you are sure 3rd hourly candle goes away from limits (or if 3rd 15min candle if you are excited)
money ain't shit,i'm the shit..
  • #431,666
  • May 31, 2016 1:52pm May 31, 2016 1:52pm
Quoting NotMe
{quote} thanks, that explained it, how can we avoid (or use ) these type of news? which is not on the economic calendar ?
you should consider updating your stop loss limits more often
money ain't shit,i'm the shit..
  • #431,667
  • May 31, 2016 2:39pm May 31, 2016 2:39pm
now you can see actual monthly ,also what the trend should look like to go way up ,whist it could be building for up its not actually,


Quoting Bones
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 {image} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 NZD (DFB).png Size: 19 KB
Click to Enlarge Name: 1 gbp month USD (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431,668
  • May 31, 2016 2:55pm May 31, 2016 2:55pm
looks bearish off tl,pivotal zone


Quoting Bones
its is 100 pip could be you can see gbp jpy resistance {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp JPY 2 (DFB).png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431,669
  • May 31, 2016 5:05pm May 31, 2016 5:05pm
Quoting roadtogo
{quote} never get out before price get rids of boiling lower upper bands.. get out when you are sure 3rd hourly candle goes away from limits (or if 3rd 15min candle if you are excited)
Yea might have been premature exit however I do not want to hold my trade over the night when I am sleeping:/ should probably move my stop and close in some profit and let it do the work
The only true wisdom is in knowing you know nothing.
  • #431,670
  • May 31, 2016 8:31pm May 31, 2016 8:31pm
Quoting TooSlow
{quote} How do you count pips? My count is: 1 lot * 1 pip = 1 pip and $1.00 2 lots * 1 pip = 1 pip and $2.00
see my trade explorer.
Trading Eternal...... Shiny & Chrome!!!!
  • #431,671
  • May 31, 2016 11:59pm May 31, 2016 11:59pm
Quoting wizlon32
{quote} The time of the charts that you were refering to there align with NY close, which according to Nial Fuller is what you want. http://www.learntotradethemarket.com...k-close-charts
Cheers Wizlon....good to know, maybe my broker is aware of this also
Don't Leave Money on the Table
  • #431,672
  • Jun 1, 2016 1:07am Jun 1, 2016 1:07am
Everyone a little shell shocked after yesterdays 'crazy' trading.....well it seemed crazy to me and closer to brexit the worse it's going to get..

After rallying over a hundred pips it then fell to 4570 area pulled back to 4650 then plummeted to 4464.....sheeeeeeez

Seems like now all you need to do is be ready to trade either way on latest poll and I guess that's whats happening, wish I had thought of it earlier....
Don't Leave Money on the Table
  • #431,673
  • Jun 1, 2016 1:08am Jun 1, 2016 1:08am
Looking for a superb martingale sell signal around that hard daily resistance 1.4735 betting my neighbor's house on it to break that daily support 1.4358. For now will let my EU trade run 70 pips up.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 53 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #431,674
  • Jun 1, 2016 1:14am Jun 1, 2016 1:14am
Quoting HaLBot
{quote} Cheers Wizlon....good to know, maybe my broker is aware of this also
I see little buy pressure can you please confirm this
  • #431,675
  • Jun 1, 2016 1:20am Jun 1, 2016 1:20am
Quoting adetola99
{quote} I see little buy pressure can you please confirm this
Well price hit resistance at 4508 right where the 20ema is on hourly chart...coincidence? So for me anything above 4508 would be go for a buy but remember we have UK news in 10 minutes...
I'm long atm from 4473 but will close before news.

Had to close before it hit BE for 4 pips but made 25 pips on GBP/JPY on same upsurge, gbp/jpy entry 159.19, close 159.44 and gbp/usd entry 4473 and close 4477. I should have closed at 4508 but didn't check hourly to see where resistance is......when will I ever learn...LOL
Don't Leave Money on the Table
  • #431,676
  • Jun 1, 2016 1:35am Jun 1, 2016 1:35am
manufacturing PMI came in at 50.1, big number as anything above 50 is expansion and good for UK economy...shame consumer credit didn't come in higher but better for consumers because they are not going into more debt.

Right on support at 4450 just now...
Don't Leave Money on the Table
  • #431,677
  • Jun 1, 2016 1:53am Jun 1, 2016 1:53am
Quoting HaLBot
{quote} Well price hit resistance at 4508 right where the 20ema is on hourly chart...coincidence? So for me anything above 4508 would be go for a buy but remember we have UK news in 10 minutes... I'm long atm from 4473 but will close before news. Had to close before it hit BE for 4 pips but made 25 pips on GBP/JPY on same upsurge, gbp/jpy entry 159.19, close 159.44 and gbp/usd entry 4473 and close 4477. I should have closed at 4508 but didn't check hourly to see where resistance is......when will I ever learn...LOL
  • #431,678
  • Jun 1, 2016 2:20am Jun 1, 2016 2:20am
Swinging hard~
Strong support at 1.4430.
Might even test 1.4400
The only true wisdom is in knowing you know nothing.
  • #431,679
  • Jun 1, 2016 2:23am Jun 1, 2016 2:23am
most will never put a full fundamental picture of any use together ,nor is there any reason to do so
Attached Image (click to enlarge)
Click to Enlarge Name: 1 w1 USD (DFB).png Size: 24 KB
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  • #431,680
  • Jun 1, 2016 2:41am Jun 1, 2016 2:41am
I'm saving you years of frustration

Quoting HaLBot
manufacturing PMI came in at 50.1, big number as anything above 50 is expansion and good for UK economy...shame consumer credit didn't come in higher but better for consumers because they are not going into more debt. Right on support at 4450 just now...
On-site guru & also FF member's' psychiatrist, when not drinking tea
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