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Cable Update (GBPUSD)

  • #437,501
  • Aug 22, 2016 10:45am Aug 22, 2016 10:45am
1.334x very much on the cards..
  • #437,502
  • Aug 22, 2016 10:49am Aug 22, 2016 10:49am
Quoting Sammih
{quote} 3123 should offer some support
31200 and 31230 are set as pending buys.

Best
D.P.
Hunting High and Low
  • #437,503
  • Edited 11:05am Aug 22, 2016 10:49am | Edited 11:05am
Quoting yuddy
{quote} real talk broh, good spot up dere, pound destination is the abyss, but i guess its goin up to carry some late comers , hop on the train pals, south is the way
My overnight set up. Whats your stop?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1 over.png Size: 46 KB
Click to Enlarge Name: GBPUSDH1 picture perfect.png Size: 43 KB
I'm high on trading, cant you tell?
  • #437,504
  • Aug 22, 2016 10:51am Aug 22, 2016 10:51am
Quoting Dr.Phoenix
{quote} 31200 and 31230 are set as pending buys. Best D.P.
hear, hear
I'm high on trading, cant you tell?
  • #437,505
  • Aug 22, 2016 11:26am Aug 22, 2016 11:26am
Quoting actionmoney
{quote} instaforex could do it fine.
waoo instaforex really i real a lot lot and more a lot Bad reviews i even had a friend back in 2009 who lost 25K when tried ot withdraw the funds i still remember crying for 3 months,
i had the account details and i checked myself,

thank you but no thanks,
i have tried OANDA very Good but US broker so FIFO rule, No hedging, and 50:1 leverage not bad traded there for 3 years but i for cross pairs and Exptic pairs like GBPSEK, GBPNOK, USDSEK, USDNOK, EURNOK, EURSEK, is huge spreads,
i trade them sometimes just for fun to see how many pips i can make max trading Exotic pairs, and i do that in seperate account small one like 2k,
anyways i tried FXCM they are Very Good but something strange happened to my friend he traded with high leverage few years back and got -6K when account wiped out, i saw it myself i can even post screen capture, anyways
now Pepperstone Mt4 really sucks when it comes to news, and i hate to loose a trade just because MT4 was not working for 5 minutes or some times even more,

any REAL BROKERS buys not instaforex type please.
  • #437,506
  • Aug 22, 2016 11:29am Aug 22, 2016 11:29am
Quoting Rescue.Forex
{quote} waoo instaforex really i real a lot lot and more a lot Bad reviews i even had a friend back in 2009 who lost 25K when tried ot withdraw the funds i still remember crying for 3 months, i had the account details and i checked myself, thank you but no thanks, i have tried OANDA very Good but US broker so FIFO rule, No hedging, and 50:1 leverage not bad traded there for 3 years but i for cross pairs and Exptic pairs like GBPSEK, GBPNOK, USDSEK, USDNOK, EURNOK, EURSEK, is huge spreads, i trade them sometimes just for fun to see how many pips...
FXCM is one of the worst brokers out there imo... OANDA you can hedge... you need to go onto the manage funds part of their website and then select hedging when you set an account up
  • #437,507
  • Aug 22, 2016 11:33am Aug 22, 2016 11:33am
Quoting HaLBot
{quote} Hey M8, I suggest putting a complaint to the forexpeacearmy.com if your having ongoing problems with pepperstone and notifying pepperstone about the issues and how they are getting a bad name in FX
really forexpeacearmy.com are you sure,
anyways i am thinking about it, but the withdrawals were fast in fact really fast, i like that,
what i do is i first put decent amount say 5k or 10k in live account with new brokers i check them for few weeks an then i withdraw everything, let the account be zero and see what happens, if every thing goes well i know broker is good enough for the money second part comes the execution, were my trades executed in real market or like many many brokers do is they hold you position for a while and when market is against you 3-5 pips they forward your trade into real makret that way other then spreads they get 5 pips what ever happend with the trade you win or loose they got 5 pips for free, this is how brokers actually makes money they got Analysts and they pay them hell lot of money, i know that for fact.
anyways i will check with pepperstone again let's see what they say,
Thanks M8
  • #437,508
  • Aug 22, 2016 11:34am Aug 22, 2016 11:34am
Quoting Sammih
{quote} My overnight set up. Whats your stop? {image} {image}
if pounds cant get to 32xx, buys are just short pips mileage,the true way for pounds is southward
  • #437,509
  • Aug 22, 2016 11:38am Aug 22, 2016 11:38am
Quoting Makavell
{quote} That is not a good reason for wanting to leave a broker of pepperstone quality. You guys need to understand how the markets works. When there's a highly volatile news event, liquidity providers (banks, hedge funds) withdraw from the markets until the dust of the news settles before quotes are routed back. it could be 30 seconds a minute or 2. During this brief period where on earth do you expect the broker to get quotes to offer you??? they have no other option but to freeze their platform or re quote. I hear someone up there suggest instaforex...
yes funny ENOUGH INSTAFOREX wall and the person said dont have live account with them, i am going to ask him if he have as he said them i will like to see in his TRADE EXPLORER,
they are big time scam for what i heard for more then 3 years and after that i never heard of them at all
anyways i know man how the market works, but DUKASCOPY i never had any problem with them believe their execution was fastest i have ever seen with any broker or my fellow traders brokers too, they are huge, i contacted them and i may go to dukascopy. and yes they are BANK now waoo huge step forward.
you are right i know that i am trading from long time man but that was 5 minutes and i saw other Mt4 working fine even after 30 sec, i can accept 30 seconds i know how market actually works man i am not new but 5 minute is a long time to re quote
thank man. appreciated.

Regards,
RF
  • #437,510
  • Aug 22, 2016 12:02pm Aug 22, 2016 12:02pm
Quoting Rescue.Forex
{quote} yes funny ENOUGH INSTAFOREX wall and the person said dont have live account with them, i am going to ask him if he have as he said them i will like to see in his TRADE EXPLORER, they are big time scam for what i heard for more then 3 years and after that i never heard of them at all anyways i know man how the market works, but DUKASCOPY i never had any problem with them believe their execution was fastest i have ever seen with any broker or my fellow traders brokers too, they are huge, i contacted them and i may go to dukascopy. and yes...
5 minute disconnection is not at all acceptable by any standard but I have never experienced such with them so far. Probably the connection problem might be from your end. but all said and done that shouldnt be a problem unless you are a scalper
  • #437,511
  • Aug 22, 2016 12:45pm Aug 22, 2016 12:45pm
Quoting yuddy
{quote} real talk broh, good spot up dere, pound destination is the abyss, but i guess its goin up to carry some late comers , hop on the train pals, south is the way
A lotta people will not like what i am seeing.. here it is!!!
i am waiting to buy around that LOW!! Patience!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 36 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #437,512
  • Aug 22, 2016 12:54pm Aug 22, 2016 12:54pm
Hello Guys if i were you i will wait for the 1.30 level again and GBPJPY i willwait for 130.40 then i will start buying
same goes for GBPNZD and GBPAUD
i will wait i dont want to sell GBPUSD or GBPJPY so better to stick with my PLAN
and i will
and it will see 4H chart we have good resistence line there MACD is not helping also so i am not convinced about buying POund right now
maybe in few days i will not today
i need 1.300 level to buy and i will wait
  • #437,513
  • Aug 22, 2016 12:56pm Aug 22, 2016 12:56pm
#GBPUSD pound looking good but it has 3 inside bars... not to good either... sideways range or as gann would say lost motion..... still sticking with the game plan.... but will look for a possible plan B....
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #437,514
  • Aug 22, 2016 2:46pm Aug 22, 2016 2:46pm
Quoting Rescue.Forex
{quote} waoo instaforex really i real a lot lot and more a lot Bad reviews i even had a friend back in 2009 who lost 25K when tried ot withdraw the funds i still remember crying for 3 months, i had the account details and i checked myself, thank you but no thanks, i have tried OANDA very Good but US broker so FIFO rule, No hedging, and 50:1 leverage not bad traded there for 3 years but i for cross pairs and Exptic pairs like GBPSEK, GBPNOK, USDSEK, USDNOK, EURNOK, EURSEK, is huge spreads, i trade them sometimes just for fun to see how many pips...
No argument. I am here and responsible for any action+decision made based on the information I am exposed to and will not and/or never hold anyone responsible for trades executed decisions.

Learning and taking risks is more fun.

Regards to all trader.
  • #437,515
  • Aug 22, 2016 3:58pm Aug 22, 2016 3:58pm
Quoting bithedz
trying to understand BB 48 and SMA 48 in M30, using H&L yesterday. {image} let me know, when I'm wrong.
Ur a Magnificent Trader!.... Kudos.. i love the martingale too, it reminds me of a god trader here on FF.. Gurangax!
Trading Eternal...... Shiny & Chrome!!!!
  • #437,516
  • Aug 22, 2016 11:48pm Aug 22, 2016 11:48pm
Good ideas to put into practice, very good info and useful.
  • #437,517
  • Edited 5:58am Aug 23, 2016 12:18am | Edited 5:58am
Quoting USDollar
#GBPUSD pound looking good but it has 3 inside bars... not to good either... sideways range or as gann would say lost motion..... still sticking with the game plan.... but will look for a possible plan B.... {image}
Yeah, Today / Tomorrow will show.

The upper boundary (the Friday's high of 1,3163) of intitial balance of the last week needs to be expanded upper. However we have the upper spike of 3172-3184, additionally we have the hidden gap of 3184-3254 upper than the spike. These are all resistance areas to be broken out in order for us to see new highs.

As you can see such a bunch of resistances might not be overcome by the price.... Or we need an impulse up to go through them in one breath.

Best
D.P.
Hunting High and Low
  • #437,518
  • Aug 23, 2016 12:33am Aug 23, 2016 12:33am
Quoting Dr.Phoenix
{quote} Yeah, Today / Tomorrow will show. The upper boundary (the Friday's high of 1,3163) of intitial balance of the last week needs to be expanded upper. However we have the upper spike of 3172-3184, additionally we have the hidden gap of 3184-3254 upper than the spike. These are all resistance areas to be broken out in order for us to see new highs. As you can see such a bounch of resistances might not be overcame by the price.... Or we need an impulse up to go through them in one breath. Best D.P.

Yeh agree with the Doctor, Just touched 1.3163 and now back at 1.3155. It seems to have broken the overnight range of 1.3127 / 50 now looking for a push higher. 1st target 1.3170 /80 then through1.3200 to 1.3225
Striving for consistency
  • #437,519
  • Aug 23, 2016 1:04am Aug 23, 2016 1:04am
Quoting Sammih
{quote} My overnight set up. Whats your stop? {image} {image}
today more longs comming i think. will see. no trades yet
  • #437,520
  • Aug 23, 2016 1:08am Aug 23, 2016 1:08am
Double tops forming on H4 - might expect a move down south
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