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Cable Update (GBPUSD)

  • #436,741
  • Aug 16, 2016 12:54am Aug 16, 2016 12:54am
Quoting alonghuman
Added another sell order at 1.2919 target 1.2852.
2882 target should be ok
  • #436,742
  • Aug 16, 2016 12:54am Aug 16, 2016 12:54am
Quoting dean1star
{quote} Hey Willie, Focus on a simple 15 mins chart to scalp - sometimes you gotta earn those pips, like yesterday - rip tide effect u get taken further out each time. I have been looking at the Euro GBP but thats a tricky one if you want an opposite pair on a lower time frame so just focusing now on pound dollar, its easier and less complicated. Believe it or not support and pivot lines seem cool on this pair. NO special indicators only trendlines and common sense with a channel thrown in.. but hey cool to see your grabbing some pips also .. ...
Thanks Dean1star.. I tend to understand where its going and I keep it simple but I still jump in and give back more than I should .. If I could consistently pickup 200 pips per week I would be happy . Also you are right about sticking with Cable. I tend to wander on to other charts when nothing seems to be happening much. This is also a weakness as I don't fully understand the sentiment attached to the other pairs or spend enough time researching hence its bigger risk....
Striving for consistency
  • #436,743
  • Aug 16, 2016 1:03am Aug 16, 2016 1:03am
Quoting Davit
{quote} Hi Rhari I'll try to explain about liquidity which lot of things are related. In orders for big players to get their orders filled there must be lot of activity because that's the time when fee for placing a large order is less. This is extremely important 1/5 billion order placed paying few dollars less is huge and compound that by the end of the year ends up in millions paid in fees so when there is no activity prices are high and that's why market most often does not move much. Greatest liquidity is NY London overlap.That's when things...

Mr.Davit,

Thanks a lot for your time to explain. Really appreciate it. it will be useful to other amateur traders as well.
this line "trigger stops which creates more liquidity" not clear on the meaning. From my perspective, retail traders believe the fake breakout to real and jump in BUY order with stop loss which is again the trend. How it will create more liquidity ? Sorry for my silly question if it sounds like that.
  • #436,744
  • Aug 16, 2016 1:10am Aug 16, 2016 1:10am
Quoting pointlessfor
{quote} 2882 target should be ok
Actually i am not sure now but price will tell.
We can not learn without pain.
  • #436,745
  • Aug 16, 2016 1:20am Aug 16, 2016 1:20am
Quoting rhari139
{quote} Mr.Davit, Thanks a lot for your time to explain. Really appreciate it. it will be useful to other amateur traders as well. this line "trigger stops which creates more liquidity" not clear on the meaning. From my perspective, retail traders believe the fake breakout to real and jump in BUY order with stop loss which is again the trend. How it will create more liquidity ? Sorry for my silly question if it sounds like that.
Trigger stops mean both stop loss orders and limit orders placed.In reality lot of retail traders place their SL orders in obvious places (round numbers popular MA's etc)hence creates incentive to drill towards it.
When orders are hit they either sell or buy thus more money flows in the market creating liquidity which makes placing large orders cheaper by large investors.
More liquidity =cheaper execution.
You need to demo trade at least 6 months to get a feel what is going on.You will understand it but profiting is different ball game.
In trading, you have to be defensive and aggressive at the same time
  • #436,746
  • Aug 16, 2016 1:23am Aug 16, 2016 1:23am
129 200 short position lets see if they try and re take it
  • #436,747
  • Edited 1:43am Aug 16, 2016 1:27am | Edited 1:43am
cable update!! happy pippin
cable is begging for 1.286X or lower.. lets see if nature agrees!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4bn.png Size: 22 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #436,748
  • Aug 16, 2016 1:33am Aug 16, 2016 1:33am
Quoting dean1star
129 200 short position lets see if they try and re take it
Went for a bit of toast and missed the 20pip fall... The trading gods are against me... need to go out for a few hours will be signing off in 10 mins. Now in short for a few hours (hopefully). short 1.2898 sl 1.2930 TP 1.2808
Striving for consistency
  • #436,749
  • Aug 16, 2016 1:37am Aug 16, 2016 1:37am
Long 1.2924
TP 1.3033
I'm high on trading, cant you tell?
  • #436,750
  • Aug 16, 2016 1:46am Aug 16, 2016 1:46am
Hi people possible to 1.31?
  • #436,751
  • Aug 16, 2016 1:56am Aug 16, 2016 1:56am
Added to short at 1.291 in preparation for data release
  • #436,752
  • Aug 16, 2016 2:05am Aug 16, 2016 2:05am
don't usually follow the 1hr but that last candle looks bearish
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 29 KB
Come with me if you want to live....
  • #436,753
  • Aug 16, 2016 2:18am Aug 16, 2016 2:18am
Quoting Davit
{quote} Trigger stops mean both stop loss orders and limit orders placed.In reality lot of retail traders place their SL orders in obvious places (round numbers popular MA's etc)hence creates incentive to drill towards it. When orders are hit they either sell or buy thus more money flows in the market creating liquidity which makes placing large orders cheaper by large investors. More liquidity =cheaper execution. You need to demo trade at least 6 months to get a feel what is going on.You will understand it but profiting is different ball game.
Yes, agreed. I will save your comments. Thanks again.....
  • #436,754
  • Aug 16, 2016 2:40am Aug 16, 2016 2:40am
Quoting kuma666
Added to short at 1.291 in preparation for data release
Closed out all shorts with profit and went long after much thinking, expecting upward cost of imports due to Brexit. This will weigh on data release. Hopefully we'll see .6% and rise back up before another move down. Good luck everyone!
  • #436,755
  • Aug 16, 2016 2:47am Aug 16, 2016 2:47am
Quoting Mayly-May
Hi people possible to 1.31?
I'm looking at 3058. 3116 also possible in next 48 hrs
I'm high on trading, cant you tell?
  • #436,756
  • Aug 16, 2016 2:50am Aug 16, 2016 2:50am
There are strong buyers' activity at the London open.
It is interesting to see what is going next.

Best
D.P.
Hunting High and Low
  • #436,757
  • Aug 16, 2016 2:51am Aug 16, 2016 2:51am
Quoting Sammih
{quote} I'm looking at 3058. 3116 also possible in next 48 hrs

I am aiming at 3055.

Best
D.P.
Hunting High and Low
  • #436,758
  • Aug 16, 2016 2:55am Aug 16, 2016 2:55am
Quoting Sammih
{quote} I'm looking at 3058. 3116 also possible in next 48 hrs
yes same. but 2881 could hit before up ..
  • #436,759
  • Aug 16, 2016 2:56am Aug 16, 2016 2:56am
Geez, glad I closed out early and went long...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 816.PNG Size: 62 KB
  • #436,760
  • Aug 16, 2016 2:58am Aug 16, 2016 2:58am
Attached Image (click to enlarge)
Click to Enlarge Name: 16_aug.png Size: 47 KB



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