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Cable Update (GBPUSD)

  • #436,381
  • Aug 12, 2016 3:47am Aug 12, 2016 3:47am
  •  IbkA
  • | Joined Nov 2009 | Status: 'Hope' + 'Greed' = GAMBLING... | 514 Posts
Quoting HaLBot
{quote} Yeah but show us a chart.....I'm looking at weekly chart and not seeing the 'W' formation.....maybe I'm blind or total noobie or both...
Rather than repeat your request for a chart, just go and review the gentleman's (or lady's) last 10 posts or so on this forum, and compare what s/he said would happen to what really happened on your charts; and then start trading your own plan as suggested.

Good luck.
  • #436,382
  • Aug 12, 2016 3:47am Aug 12, 2016 3:47am
no where land atm.....
trading is simple but is simple is not easy.
  • #436,383
  • Aug 12, 2016 3:50am Aug 12, 2016 3:50am
Quoting Wdfx
{quote} I really try, I know I'm a naughty boy sometimes...
We all do!
Do your homework, follow the footprints of smart money
  • #436,384
  • Aug 12, 2016 3:53am Aug 12, 2016 3:53am
Here'
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 12082016 15M.JPG Size: 190 KB
s the current 15min chart ... Getting close to the pointy end.... breakout soon ? which way?
Striving for consistency
  • #436,385
  • Aug 12, 2016 3:53am Aug 12, 2016 3:53am
Quoting ZenNy
no where land atm.....

Ahhhh Mate this has to be the worst week ever trading Cable.....seriously need to start looking at trading other pairs....no volatility, no point....
Don't Leave Money on the Table
  • #436,386
  • Aug 12, 2016 3:56am Aug 12, 2016 3:56am
  •  IbkA
  • | Joined Nov 2009 | Status: 'Hope' + 'Greed' = GAMBLING... | 514 Posts
Quoting Wdfx
{quote} Could agree more. Well said. I still class myself as a rookie although I have been trading one way or another since 2010. It just in that last six months that I have managed to devote some serious time to it. Spent lots on trading courses and materials but in the end I am totally responsible for my own actions and trades, however willing to learn and listen. Not that I will always agree ...
Hi Wdfx, Thanks and we are all 'rookies' as the day one stops learning, it's over.

I'll just recite my actual experience on these forums for hopefully everyone to learn a lesson from.

I started posting in 2009 or so, and learnt a lot through exchanges with the likes of Magix, GlobalMacro, DT, Gatorinla, Fontu and others.

I posted a few charts with details of what I thought Cable, Oil, and other pairs were going to do around the time of the UK elections, i.e. to drop like a brick, but allowed myself to get into a debate with someone who just seemed to post 'calls', and nothing else - but who claimed to work for Fidelity as a trader. He claimed his peers at Fidelity 'laughed themselves off their chairs' when they saw my 'novice' charts.

So guess what? I 'bought' Cable and Oil based on this Fidelity Trader's insistence we were going up, lost two accounts - and ended up having loads of traders sending me 'thank you' messages for my tip to sell Cable and Oil!

Again, I repeat one last time - learn it for yourself, and keep learning.

i
  • #436,387
  • Aug 12, 2016 3:59am Aug 12, 2016 3:59am
Quoting Wdfx
Here'{image}s the current 15min chart ... Getting close to the pointy end.... breakout soon ? which way?
I placed an order to sell from this level 1.2943
I placed an order to sell from this level 1.2943
Attached Image (click to enlarge)
Click to Enlarge Name: 123.png Size: 40 KB
  • #436,388
  • Aug 12, 2016 4:01am Aug 12, 2016 4:01am
Quoting pointlessfor
just follow me and u will be in profit every day
you been drinking today?
Come with me if you want to live....
  • #436,389
  • Aug 12, 2016 4:01am Aug 12, 2016 4:01am
Quoting HaLBot
{quote} Ahhhh Mate this has to be the worst week ever trading Cable.....seriously need to start looking at trading other pairs....no volatility, no point....
Yes mate holiday in Europe and NA......after the week of the 15 it will start slowly again.... before I was trading mostly our session the major four and making good dough......now the movements are not existent.....been viewing all day with a few small breaks.....not trades at all.

I am thinking to take a break as well and trade only the 60 minutes chart......
trading is simple but is simple is not easy.
  • #436,390
  • Aug 12, 2016 4:04am Aug 12, 2016 4:04am
Quoting IbkA
{quote} Hi Wdfx, Thanks and we are all 'rookies' as the day one stops learning, it's over. I'll just recite my actual experience on these forums for hopefully everyone to learn a lesson from. I started posting in 2009 or so, and learnt a lot through exchanges with the likes of Magix, GlobalMacro, DT, Gatorinla, Fontu and others. I posted a few charts with details of what I thought Cable, Oil, and other pairs were going to do around the time of the UK elections, i.e. to drop like a brick, but allowed myself to get into a debate with someone who just...
"learn it for yourself and keep learning," you really can't repeat it enough. So true. The moment you trade based on the advice of others is the moment you become blind. Hearing people out is important, but at the end of the day you have to think for yourself. With that being said, I'm still short and will be for a while. If it breaks 1.32 I'll get a little worried but I'll hold my shorts until 1.35. Still targeting TP1 at 1.27 and TP2 at 1.25. Best of luck to everyone!
  • #436,391
  • Aug 12, 2016 4:07am Aug 12, 2016 4:07am
Quoting pointlessfor
just follow me and u will be in profit every day

If I had a nickel for every time I've heard this on FF I would be retired by now
  • #436,392
  • Aug 12, 2016 4:08am Aug 12, 2016 4:08am
Quoting Ill-b-back
{quote} you been drinking today?

Apparently
  • #436,393
  • Aug 12, 2016 4:12am Aug 12, 2016 4:12am
Quoting IbkA
{quote} I repeat one last time - learn it for yourself, and keep learning. i
Thanks for the advice Ibka - I seek my own council, I am long in the tooth and have been around the block a bit. You can generally spot the troll's and the B**sh**ers. You got to have a sense of humour though. Cheers to HalBot , Ill-b-back and others for putting a smile on my face this morning. Life's good
Striving for consistency
  • #436,394
  • Aug 12, 2016 4:16am Aug 12, 2016 4:16am
Order kicked in at 1.2940 short SL 1.2975 TP 1.2870 let see where it now goes
Striving for consistency
  • #436,395
  • Aug 12, 2016 4:17am Aug 12, 2016 4:17am
she is going to test yesterday low, I am not sure I want be evolved yet...
trading is simple but is simple is not easy.
  • #436,396
  • Aug 12, 2016 4:21am Aug 12, 2016 4:21am
Quoting Wdfx
Here'{image}s the current 15min chart ... Getting close to the pointy end.... breakout soon ? which way?
if i were you i would analise like this by your chart....
Attached Image (click to enlarge)
Click to Enlarge Name: gu repaint.jpg Size: 139 KB
Anything is math!
  • #436,397
  • Aug 12, 2016 4:25am Aug 12, 2016 4:25am
Quoting Wdfx
Order kicked in at 1.2940 short SL 1.2975 TP 1.2870 let see where it now goes
wrong
  • #436,398
  • Aug 12, 2016 4:26am Aug 12, 2016 4:26am
Quoting Kajos2250
{quote} if i were you i would analise like this by your chart.... {image}
like that


http://prntscr.com/c4rebv
  • #436,399
  • Aug 12, 2016 4:28am Aug 12, 2016 4:28am
Quoting Kajos2250
{quote} if i were you i would analise like this by your chart.... {image}
Do your homework, follow the footprints of smart money
  • #436,400
  • Aug 12, 2016 4:32am Aug 12, 2016 4:32am
2943 long . sl 2938
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