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Cable Update (GBPUSD)

  • #434,421
  • Jul 13, 2016 2:25pm Jul 13, 2016 2:25pm
Quoting shanebailey6
Hey all, hope we are all making green pips. Sorry to bother all of you but would you advise GBP/USD to be suitable for a noob? UK Account trading from Canada with 400 opening balance. Trading 212 Thanks in advanced for any advice.
NO and yes if you use less leverage i.e 1:30 to 1:50 it is ok to trade GBP/USD now a days any thing above that ratio is too dangers. So main point is your MM.
don't predict direction, but dance with flow of water
  • #434,422
  • Edited 2:45pm Jul 13, 2016 2:33pm | Edited 2:45pm
Buying 1minute TP 100EMA
Edit: Adding 1 more for 5minute TP100EMA
2nd Edit: Same TP targets 2 more positions entered.
FREEDOM IS SECURITY.
  • #434,423
  • Jul 13, 2016 2:47pm Jul 13, 2016 2:47pm
Hey everyone I just wanted to give a little advice to the day traders n the newbies on here. Taking advice from anyone on here is okay but you must be cautious and understand what it means to trade and what it means to invest. I'm a swing trader, so I see many pairs including the GBP and USD retracing on the monthly and weekly time frames. I'd say the retracements are coming to a close, and note that before Brexit the GBP pairs were in a downtrend. They are still in a downtrend, and fundamentals and technicals have synced up quite good to this reality. Day traders please use caution, as the longer time frames will tell u what's really going on. If u start with the lower time frames you will always be confused. Then again it seems like most people on this site have little capital and are scalpers or day traders. Take it from me, I've been there and experienced it all with trading. The trend is your friend! Most trading systems will flourish within a trend but fail in a sideways market. Food for thought......happy trading!
  • #434,424
  • Jul 13, 2016 2:50pm Jul 13, 2016 2:50pm
Boris is back who doubts Brexit, bye bye George Osbourne,guess this could weigh on GBP


Boris Johnson made foreign secretary by Theresa May
new Prime Minister Theresa May has made Boris Johnson, the former London mayor who led the Brexit campaign, foreign secretary in her new government.
He replaces Philip Hammond, who becomes chancellor. Ex-Energy Secretary Amber Rudd is home secretary and Eurosceptic David Davis is the Brexit minister.
No 10 said ex-Chancellor George Osborne had resigned from the government.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #434,425
  • Jul 13, 2016 2:56pm Jul 13, 2016 2:56pm
Quoting Bones
Boris is back who doubts Brexit, bye bye George Osbourne,guess this could weigh on GBP Boris Johnson made foreign secretary by Theresa May new Prime Minister Theresa May has made Boris Johnson, the former London mayor who led the Brexit campaign, foreign secretary in her new government. He replaces Philip Hammond, who becomes chancellor. Ex-Energy Secretary Amber Rudd is home secretary and Eurosceptic David Davis is the Brexit minister. No 10 said ex-Chancellor George Osborne had resigned from the government.
Boris comes bouncing back again.I like him.
FREEDOM IS SECURITY.
  • #434,426
  • Jul 13, 2016 3:02pm Jul 13, 2016 3:02pm
Quoting hippiedog
Buying 1minute TP 100EMA Edit: Adding 1 more for 5minute TP100EMA 2nd Edit: Same TP targets 2 more positions entered.
2nd signal. Samea TP targets 3rd position entered.
FREEDOM IS SECURITY.
  • #434,427
  • Jul 13, 2016 3:13pm Jul 13, 2016 3:13pm
Quoting TaoTrader
Hey everyone I just wanted to give a little advice to the day traders n the newbies on here. Taking advice from anyone on here is okay but you must be cautious and understand what it means to trade and what it means to invest...Day traders please use caution, as the longer time frames will tell u what's really going on. If u start with the lower time frames you will always be confused. Then again it seems like most people on this site have little capital and are scalpers or day traders. Take it from me, I've been there and experienced it all with...
Agreed, TT
Do your homework, follow the footprints of smart money
  • #434,428
  • Jul 13, 2016 3:26pm Jul 13, 2016 3:26pm
yea I do ,guess its right he's not PM ,obviously no confidence for that


Quoting hippiedog
{quote} Boris comes bouncing back again.I like him.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 h12 gbp USD (DFB).png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #434,429
  • Edited 9:32pm Jul 13, 2016 3:28pm | Edited 9:32pm
Quoting iamawaited
{quote} so the moves i predicted have come off. next FORECAST is attached. {image}
Okay so far the forecasts are going 100 percent according to plan... Here we go. next forecast.

EDIT>>> I MEANT SELLING NOT BUYING in the GU PIX
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 43 KB
Click to Enlarge Name: GBPUSDH1.png Size: 48 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #434,430
  • Jul 13, 2016 3:32pm Jul 13, 2016 3:32pm
Quoting Bones
yea I do ,guess its right he's not PM ,obviously no confidence for that {quote} {image}
Yep. My daily are collecting now so will be holding them as previously quoted for TP upper BB 20/1.
FREEDOM IS SECURITY.
  • #434,431
  • Edited 3:45pm Jul 13, 2016 3:34pm | Edited 3:45pm
Quoting hippiedog
{quote} 2nd signal. Samea TP targets 3rd position entered.
1minute TP targets hit. More positions earnt.
2nd signal on 5minute confirmed.
FREEDOM IS SECURITY.
  • #434,432
  • Jul 13, 2016 3:44pm Jul 13, 2016 3:44pm
Quoting KeenPips
{quote} Agreed, TT
Thanx just trying to help!
  • #434,433
  • Jul 13, 2016 5:20pm Jul 13, 2016 5:20pm
could punch up a bit more for weekly retest
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 32 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 23 KB
Click to Enlarge Name: GBPUSDWeekly1.png Size: 31 KB
Come with me if you want to live....
  • #434,434
  • Jul 13, 2016 7:42pm Jul 13, 2016 7:42pm
Boris...why everybody's laughing at him?
Attached Image
  • #434,435
  • Jul 13, 2016 7:57pm Jul 13, 2016 7:57pm
Im getting the up channel trendline, but where do you get that down one? Cheers.


Quoting iamawaited
{quote} Okay so far the forecasts are going 100 percent according to plan... Here we go. next forecast. {image} {image}
  • #434,436
  • Jul 13, 2016 8:53pm Jul 13, 2016 8:53pm
watching confluence area above for signs of rejection and $ strength
Attached Image (click to enlarge)
Click to Enlarge Name: US30Monthly.png Size: 28 KB
Come with me if you want to live....
  • #434,437
  • Jul 13, 2016 9:27pm Jul 13, 2016 9:27pm
well could be thats where your wrong ,maybe thats why he's likeable ,
who's ?? laughing now ??


Quoting nairate
Boris...why everybody's laughing at him? {image}
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #434,438
  • Jul 13, 2016 9:34pm Jul 13, 2016 9:34pm
I'm looking at that open ,if it can hold up,w1 shows bullish ,most likely will be bullish in form ,with open gap higher
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2 h12 gbp USD (DFB).png Size: 26 KB
Click to Enlarge Name: 2 w1 USD (DFB).png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #434,439
  • Jul 13, 2016 9:42pm Jul 13, 2016 9:42pm
Quoting spcjames
Im getting the up channel trendline, but where do you get that down one? Cheers. {quote}
i am showing market next very high potential directions not drawing trend lines. Oh GU is also on a sweet martingale buy spot. GL.
Trading Eternal...... Shiny & Chrome!!!!
  • #434,440
  • Jul 13, 2016 9:47pm Jul 13, 2016 9:47pm
Quoting iamawaited
{quote} i am showing market next very high potential directions not drawing trend lines.
Hahahahah! All day everyone these pairs have been correcting off and on. I'm calling it a night to sit n watch the market. Just thought I'd help out a little.. The 1 hour time frame is correcting up looking towards 38.2%. It'll soon go down. No matter how long you look at the market, or what prediction you have, those who understand what is happening on the longer time frame will be better equipped to handle ANY price movement. And its the longer time frames that are going down. If everyone TRULY understood that on this website, we would all be rich! Cheers everyone!!! Happy trading :-)
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 14 KB
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