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Cable Update (GBPUSD)

  • #431,761
  • Jun 3, 2016 2:38am Jun 3, 2016 2:38am
Quoting HaLBot
{quote} Thanks for your accurate words...theres only two types of traders who haven't experienced that, 1. The Trader who hasn't done enough trading to have experienced what your talking about and 2. There are Traders who for what ever reason just get it of the bat and trade successfully from day 1, a very rare type indeed and I know of one trader like that and it's as hard for him to trade FX as breathing....
wise words for a new guy who has little trading experience - whats the time in aus right now
Hal .. infectous laugh of yours and your admiration for lol's your a brit for sure and have you in the UK .. how many newbies use the word Cable in reference - did say i always get there buddy green pips now

144 600 lets see the play for today shall we
  • #431,762
  • Jun 3, 2016 2:40am Jun 3, 2016 2:40am
Quoting iamawaited
{quote} i think 179 which i closed with is vivid enough on my trade explorer. Pls... Browse before you comment. Meanwhile i am waiting for AU and EU to go lower so i can buy again. cheers.
Okay as said EU and AU dipped a little low so i jumped in so far the AUD trades going better while i am still waiting to sell GU from 1.473x.. Patience! lets see..
Trading Eternal...... Shiny & Chrome!!!!
  • #431,763
  • Jun 3, 2016 2:44am Jun 3, 2016 2:44am
Quoting dean1star
{quote} wise words for a new guy who has little trading experience - whats the time in aus right now Hal .. infectous laugh of yours and your admiration for lol's your a brit for sure and have you in the UK .. how many newbies use the word Cable in reference - did say i always get there buddy green pips now 144 600 lets see the play for today shall we
Yo Dean1Star....its 5.40 pm here, so we are 10 hours ahead of you guys...

yeah Mum and Dad were always watching British comedy shows when I was growing up here so I guess that's where I get it from, Australia is a great country but British comedy best in the world I reckon...that British wit is brilliant
Don't Leave Money on the Table
  • #431,764
  • Jun 3, 2016 2:49am Jun 3, 2016 2:49am
slammed up against a brickwall at 4446....hate when it does that....
Don't Leave Money on the Table
  • #431,765
  • Jun 3, 2016 2:50am Jun 3, 2016 2:50am
Quoting HaLBot
{quote} Thanks for your accurate words...theres only two types of traders who haven't experienced that, 1. The Trader who hasn't done enough trading to have experienced what your talking about and 2. There are Traders who for what ever reason just get it of the bat and trade successfully from day 1, a very rare type indeed and I know of one trader like that and it's as hard for him to trade FX as breathing....
Welcome HaLBoT,
what i found was nothing magical its just your way of seeing things you can see Glass as Half EMPTY or Half Full,
what i found very very Intersting and Worked most of the time was simple if i am looking to sell POUND i look for atleast 5 Pairs for EG:
GBPUSD
GBPJPY
GBPAUD
GBPCAD
GBPNZD and most of the Time i get a good idea which pair is good for see to sell against because one CURRENCy is never enough
for example
for all we know Pound will drop today Just for the kicks ok
so if i sold Pound against USD and USD also Dropped so what good is GBPUSD is both currencies Dropped so we might see 30-40 Pips in GBPUSD
but GBPCAD or GBPJPY
will give me more then 100 pips, so you have to check both Currencies before you open the trade,
i found that very very profitable, because last time i went with GBPAUD and AUD became weak and Pound was doing good and we saw 800 pips in 3 days very very good that trade was..
anyway i was pointing out the fact that there is not only GBPUSD there are other pairs to trade for, what matters is how confident you are about you complete analysis Fundamental or Techincal or what ever reason you have to BUY or SELL

Add one more thing and it might PROVE TO BE IMPORTANT OR AT LEAST WILL HELP YOUR TRADING ( i hope) Just look at these 5 pairs i mentioned before and look at 4H and Daily Chart and you will get good idea where Pound might be heading because if you see that Pound is looking Good in 4 pairs that is very likely that pound will not get Weak during the session or that day, believe me it worked for me very well over the years,
hope it will HELP.
  • #431,766
  • Jun 3, 2016 2:59am Jun 3, 2016 2:59am
Adetola99 where do you have your buy zone, I guess with pound hitting resistance at 4446 it's just above there?

I thought a rise above 4422 was the buy zone and maybe it was but with NFPs out later maybe traders are hedging their bets
Don't Leave Money on the Table
  • #431,767
  • Jun 3, 2016 3:02am Jun 3, 2016 3:02am
Quoting Rescue.Forex
{quote} Welcome HaLBoT, what i found was nothing magical its just your way of seeing things you can see Glass as Half EMPTY or Half Full, what i found very very Intersting and Worked most of the time was simple if i am looking to sell POUND i look for atleast 5 Pairs for EG: GBPUSD GBPJPY GBPAUD GBPCAD GBPNZD and most of the Time i get a good idea which pair is good for see to sell against because one CURRENCy is never enough for example for all we know Pound will drop today Just for the kicks ok so if i sold Pound against USD and USD also Dropped...
Cheers M8, will save this maybe some day I'll make 800 pips in 3 days, great trading
Don't Leave Money on the Table
  • #431,768
  • Jun 3, 2016 3:15am Jun 3, 2016 3:15am
Quoting HaLBot
{quote} Yo Dean1Star....its 5.40 pm here, so we are 10 hours ahead of you guys... yeah Mum and Dad were always watching British comedy shows when I was growing up here so I guess that's where I get it from, Australia is a great country but British comedy best in the world I reckon...that British wit is brilliant
good sense of humour u got there Hal ..
  • #431,769
  • Jun 3, 2016 3:16am Jun 3, 2016 3:16am
Quoting dean1star
{quote} good sense of humour u got there Hal ..
Hey M8 where abouts in the UK you from???
Don't Leave Money on the Table
  • #431,770
  • Jun 3, 2016 3:21am Jun 3, 2016 3:21am
That bearish double top pattern on the Daily chart would be weighing on the minds of a lot of traders.....a negative PMI figure due out in 10 minutes might mean it breaks 4400 but saying that as I said in earlier post I think traders are cautious before NFP..
Don't Leave Money on the Table
  • #431,771
  • Edited 4:50am Jun 3, 2016 3:27am | Edited 4:50am
Quoting HaLBot
Adetola99 where do you have your buy zone, I guess with pound hitting resistance at 4446 it's just above there? I thought a rise above 4422 was the buy zone and maybe it was but with NFPs out later maybe traders are hedging their bets
4450, for the first time I have a healthy loss of -19pips this week I hope today bring me back to positive win
  • #431,772
  • Jun 3, 2016 3:33am Jun 3, 2016 3:33am
Quoting adetola99
{quote} 4450, for the first time I have a healthy loss of -15pips this week I hope today bring me back to positive win
With services PMI coming in above expectations I think you'll recover those -15 pips.....but sometimes on good news it goes backwards, the type of event that can send a trader crazy... LOL

No NFPs and I'm sure this would have jumped 30 pips
Don't Leave Money on the Table
  • #431,773
  • Jun 3, 2016 3:40am Jun 3, 2016 3:40am
Quoting HaLBot
{quote} With services PMI coming in above expectations I think you'll recover those -15 pips.....but sometimes on good news it goes backwards, the type of event that can send a trader crazy... LOL No NFPs and I'm sure this would have jumped 30 pips
I hope so
  • #431,774
  • Jun 3, 2016 3:47am Jun 3, 2016 3:47am
Quoting adetola99
{quote} I hope so
Hey M8 checkout rescue.forex's post on page 21588, you need to eliminate 'hope' from your mind to be a better trader.....it'll screw you up so bad 'hoping' for a certain outcome in forex....
Don't Leave Money on the Table
  • #431,775
  • Jun 3, 2016 3:53am Jun 3, 2016 3:53am
Quoting HaLBot
{quote} Hey M8 checkout rescue.forex's post on page 21588, you need to eliminate 'hope' from your mind to be a better trader.....it'll screw you up so bad 'hoping' for a certain outcome in forex....
yes I read about it but my taught is this on his forum you see people coming to play your strategy down instead of helping each other to get better I like your kind of person always looking to get better at what he does.
  • #431,776
  • Jun 3, 2016 3:55am Jun 3, 2016 3:55am
Quoting adetola99
{quote} yes I read about it but my taught is this on his forum you see people coming to play your strategy down instead of helping each other to get better I like your kind of person always looking to get better at what he does.
Take the wisdom out of his post....it really is good and don't be offended by anything else there M8, he's trying to help and I tell you it's good stuff.
Don't Leave Money on the Table
  • #431,777
  • Jun 3, 2016 4:01am Jun 3, 2016 4:01am
Quoting HaLBot
{quote} Take the wisdom out of his post....it really is good and don't be offended by anything else there M8, he's trying to help and I tell you it's good stuff.
No, i am not talking about him , I am of the general opinion of what I read traders do in this forum.

A lot of wisdom in the write-up

all I do take the positive and let them continue with the negative
  • #431,778
  • Jun 3, 2016 4:11am Jun 3, 2016 4:11am
Quoting adetola99
{quote} No, i am not talking about him , I am of the general opinion of what I read traders do in this forum. A lot of wisdom in the write-up all I do take the positive and let them continue with the negative
Yep got it, I misunderstood...

My intention here is to be positive all the time and not get into fights or bickering with anyone, I want to post my trades as I enter them and learn as much as I can from all here in this thread and other threads and to help other traders where I can....

Oh and achieve world peace
Don't Leave Money on the Table
  • #431,779
  • Jun 3, 2016 4:15am Jun 3, 2016 4:15am
Quoting adetola99
{quote} No, i am not talking about him , I am of the general opinion of what I read traders do in this forum. A lot of wisdom in the write-up all I do take the positive and let them continue with the negative
you are a nigerian...are you in nigeria??goodluck with the trading (eventhough luck has got nothing to do with trading)..
  • #431,780
  • Jun 3, 2016 4:22am Jun 3, 2016 4:22am
I see short term resistance at 4435 the close of the last hourly candle, above that 4450....
Don't Leave Money on the Table
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