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Cable Update (GBPUSD)

  • #436,061
  • Aug 9, 2016 1:18am Aug 9, 2016 1:18am
took a long here....
trading is simple but is simple is not easy.
  • #436,062
  • Aug 9, 2016 1:49am Aug 9, 2016 1:49am
Quoting KeenPips
{quote} Well done. Stay focused on improving your trading skills, attitude and strategy.
Thank you so much, I am ready to learn always; if you have any special techniques to show me sir. I will indeed appreciate it.
  • #436,063
  • Aug 9, 2016 1:53am Aug 9, 2016 1:53am
Based on the News @ the Calendar on Forexfactory:
+1 GMT 9:30amGBP Manufacturing Production m/m
Actual > Forecast = Good for currency;

I believe we will have the Market heading towards north at the particular time, but it may not be for a longer period.
  • #436,064
  • Aug 9, 2016 2:41am Aug 9, 2016 2:41am
Quoting HaLBot
{quote} Ahhhhhhhh Zenny 'Rake' is brilliant......just cracks me up sometime, the rest of the world just doesn't know what it's missing
yes they are good..
trading is simple but is simple is not easy.
  • #436,065
  • Aug 9, 2016 2:45am Aug 9, 2016 2:45am
95 pips closed on longs - done for the day.
  • #436,066
  • Edited 3:15am Aug 9, 2016 2:46am | Edited 3:15am
Looking at TPO and support/resistence the general trend is bear.
I suppose the micro bull impulse could be until 1.3020 but after this there are very strong resistences and a low volume area.

I sell TP: 1.286X
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  • #436,067
  • Aug 9, 2016 2:46am Aug 9, 2016 2:46am
Quoting ZenNy
took a long here....
took 21 pips, markets are weird atm.......holidays I guess...
Attached Image
trading is simple but is simple is not easy.
  • #436,068
  • Aug 9, 2016 3:06am Aug 9, 2016 3:06am
Quoting Devart
Looking at TPO and support/resistence the general trend is bear. I suppose the micro bull impulse could be until 1.3020 but after this there are very strong resistences and a low volume area. I sell TP: 1.286X {image} {image} {image} {image} {image} {image}
. 3040 minimum
  • #436,069
  • Aug 9, 2016 3:08am Aug 9, 2016 3:08am
Cable struggling to get through 3000. If it breaks expecting it to get back to 3045 before retracing
Striving for consistency
  • #436,070
  • Aug 9, 2016 3:12am Aug 9, 2016 3:12am
This pair has been heading south since yesterday. Not too sure how much more it will fall. But, currently I have shifted to break even my trade with a slight profit.

Any traders here who are also currently in the short position, let us know about your position? Feel free to share with us your views. Traders who are waiting to buy into long, perhaps you can share with us where you guys are longing?

Personally, my humble opinion is that the H4 and D chart are still showing bearish sentiment. I specialize in trading the lower time frames such as H1 and M30. The lower time frame trends are showing strong bearish trend.

Attached Image (click to enlarge)
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GPBUSD Trade Entry

Attached Image (click to enlarge)
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GBPUSD Shifted Stop Loss Position

Safe trade guys!
  • #436,071
  • Aug 9, 2016 3:26am Aug 9, 2016 3:26am
Quoting dean1star
95 pips closed on longs - done for the day.
how did you manage to gain 95 pips when it only went up less then 30p? ><
  • #436,072
  • Aug 9, 2016 3:31am Aug 9, 2016 3:31am
Quoting mirex
{quote} how did you manage to gain 95 pips when it only went up less then 30p? ><
trading is simple but is simple is not easy.
  • #436,073
  • Aug 9, 2016 3:31am Aug 9, 2016 3:31am
Quoting mirex
{quote} how did you manage to gain 95 pips when it only went up less then 30p? ><
he is a magician
  • #436,074
  • Aug 9, 2016 3:37am Aug 9, 2016 3:37am
Quoting actionmoney
{quote} Thank you so much, I am ready to learn always; if you have any special techniques to show me sir. I will indeed appreciate it.
More important to master your own techniques, making them suitable to your personality and improve on them for efficient and consistent trading success. Lol

KP
Do your homework, follow the footprints of smart money
  • #436,075
  • Aug 9, 2016 3:40am Aug 9, 2016 3:40am
Quoting mirex
{quote} how did you manage to gain 95 pips when it only went up less then 30p? ><
Today i followed the approx close of Asia and opening of UK.
Multi positioned as it seemed that before the News there would be some volatility. Caught the momentum

When the profit hits on the screen you take and then your done for the day. That was my move for the day.
Come back tomorrow to see the new game play.
  • #436,076
  • Aug 9, 2016 3:40am Aug 9, 2016 3:40am
Quoting desmondho
This pair has been heading south since yesterday. Not too sure how much more it will fall. But, currently I have shifted to break even my trade with a slight profit. Any traders here who are also currently in the short position, let us know about your position? Feel free to share with us your views. Traders who are waiting to buy into long, perhaps you can share with us where you guys are longing? Personally, my humble opinion is that the H4 and D chart are still showing bearish sentiment. I specialize in trading the lower time frames such as H1...
Am Short as well waiting for 1.2910 to load more
  • #436,077
  • Aug 9, 2016 3:40am Aug 9, 2016 3:40am
Quoting desmondho
This pair has been heading south since yesterday. Not too sure how much more it will fall. But, currently I have shifted to break even my trade with a slight profit. Any traders here who are also currently in the short position, let us know about your position? Feel free to share with us your views. Traders who are waiting to buy into long, perhaps you can share with us where you guys are longing? Personally, my humble opinion is that the H4 and D chart are still showing bearish sentiment. I specialize in trading the lower time frames such as H1...
yes bearish but heavily O/S, bears want higher prices, bulls want lower prices, next substantial support at 2850 but this gently pushing down can form another before that, in the mean time best is to enter when others are taking profit in the opposite direction, here at least prices will be pushed up or down enough to swing a kitten..
trading is simple but is simple is not easy.
  • #436,078
  • Aug 9, 2016 3:41am Aug 9, 2016 3:41am
Quoting pointlessfor
{quote} he is a magician
you got it ..
  • #436,079
  • Aug 9, 2016 4:05am Aug 9, 2016 4:05am
Quoting dean1star
{quote} you got it ..
3040 soon
  • #436,080
  • Aug 9, 2016 4:06am Aug 9, 2016 4:06am
Really that was a rally????

Ahhhhh bring back the good ol days when the Old Lady had some Gonads, you could set your watch to the 100 pips rally just about every UK session pre GFC, we all didn't know how lucky we was, the markets were awash with cash....
Don't Leave Money on the Table
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