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Cable Update (GBPUSD)

  • #438,481
  • Aug 31, 2016 9:34am Aug 31, 2016 9:34am
Ladies and gentlemen:
game .. set .. match

targets for the day/week/month were met
I had 21 trading days this month .. 3 losing days 2 of them major losses due to over leveraged accounts and using compounding technique ..

lessons learned from this month --> small is good .. big is bad

1- The cumulative effect of small wins is essential for maintaining a winner's psyche
2- Keep your focus on equity not on your bias
3- Money management is a skill we should all master (ratio of traded positions to fx account value to accessible funding to total net worth)


GL for you all
  • #438,482
  • Aug 31, 2016 9:37am Aug 31, 2016 9:37am
Quoting aymansalah
Ladies and gentlemen: game .. set .. match targets for the day/week/month were met I had 21 trading days this month .. 3 losing days 2 of them major losses due to over leveraged accounts and using compounding technique .. lessons learned from this month --> small is good .. big is bad 1- The cumulative effect of small wins is essential for maintaining a winner's psyche 2- Keep your focus on equity not on your bias 3- Money management is a skill we should all master (ratio of traded positions to fx account value to accessible funding to total...
Good advice. Sure road to ruin and blown up accounts is using compounding/martingale techniques on your losses.
  • #438,483
  • Aug 31, 2016 9:46am Aug 31, 2016 9:46am
Quoting el_duende
1.3025 to me looks like a good target.
sell - http://www.forexfactory.com/showthre...93#post9112093
email me : pipspro88@gmail
  • #438,484
  • Aug 31, 2016 9:57am Aug 31, 2016 9:57am
Quoting Afarensis
Buying in the zone (noise) only for scalp...Need broke neckline for bullish setup for swing trade.. {image}
Good point!
Do your homework, follow the footprints of smart money
  • #438,485
  • Aug 31, 2016 10:02am Aug 31, 2016 10:02am
Quoting aymansalah
Ladies and gentlemen:... I had 21 trading days this month...The cumulative effect of small wins is essential for maintaining a winner's psyche 2- Keep your focus on equity not on your bias 3- Money management is a skill we should all master...
Thanks for sharing.

KP
Do your homework, follow the footprints of smart money
  • #438,486
  • Aug 31, 2016 10:04am Aug 31, 2016 10:04am
Quoting aymansalah
Ladies and gentlemen: game .. set .. match targets for the day/week/month were met I had 21 trading days this month .. 3 losing days 2 of them major losses due to over leveraged accounts and using compounding technique .. lessons learned from this month --> small is good .. big is bad 1- The cumulative effect of small wins is essential for maintaining a winner's psyche 2- Keep your focus on equity not on your bias 3- Money management is a skill we should all master (ratio of traded positions to fx account value to accessible funding to total...
Well done
Striving for consistency
  • #438,487
  • Aug 31, 2016 10:29am Aug 31, 2016 10:29am
scalp...scalp...scalp before this pair goes long...
  • #438,488
  • Aug 31, 2016 10:36am Aug 31, 2016 10:36am
Any beginner can take time to study and understand the Economic Calendar; it seems to have detailed information about trading decisions.

Wish I could proceed to the next level this weekend, starting to learn some more techniques of trading.


Good luck everyone and do not be greedy.
  • #438,489
  • Aug 31, 2016 10:52am Aug 31, 2016 10:52am
its started . now wait for more up. 3200 could be good target first
  • #438,490
  • Aug 31, 2016 11:01am Aug 31, 2016 11:01am
Quoting fontu
{quote} can do anything but looking for BO signal & hold confirmation to target 1st or around. My gold 1st target not hit last move & waiting it do next time at 1300. fontu {image}
yes
  • #438,491
  • Aug 31, 2016 11:14am Aug 31, 2016 11:14am
Quoting salmani-one
{quote} ...wait an hour, or half an hour...
...here is the result...
  • #438,492
  • Aug 31, 2016 11:15am Aug 31, 2016 11:15am
Still long and staying long now untill after this weeks NFP ..
  • #438,493
  • Aug 31, 2016 11:37am Aug 31, 2016 11:37am
Last 4 hrs. Showing
GU and traders both are confused .
No 2900 hit no 3200 hit
  • #438,494
  • Aug 31, 2016 11:42am Aug 31, 2016 11:42am
looking for sign to short between 3155 to 3175 with tight SL.
  • #438,495
  • Aug 31, 2016 12:01pm Aug 31, 2016 12:01pm
Looking for 3220 area if it holds then 3270 that might be the one to safe guard any sort selling
  • #438,496
  • Aug 31, 2016 12:28pm Aug 31, 2016 12:28pm
UK PM May reportedly said no need to seek parliamentary vote on Brexit, but GBP is still going strong!
It shows the Brexit fear has subsided and the currency will be in a range bound for sometime.

Not sure if I would want to short it till NFP!
  • #438,497
  • Edited 12:53pm Aug 31, 2016 12:43pm | Edited 12:53pm
Quoting elbert3
Looking for 3220 area if it holds then 3270 that might be the one to safe guard any sort selling
Hello, Elbert3.

So, we seem to have the current month close is lower (though the day is still on) than the low of the previous month of 32150.
I am awaiting for price to be at this level to close all my longs and to arrange the new month's setups.

Best
D.P.

Additionally I must say that the current week Initial Balance has been expanded to the low direction only. Price has not testet the upper boundary and thus the upcoming week might be lower as well.
Hunting High and Low
  • #438,498
  • Aug 31, 2016 1:43pm Aug 31, 2016 1:43pm
good afternoon
for this week in dollar will remain strong ,,
waiting for the publication of the unemployment rate ..
for this moment
short EURUSD 1.11360
short GBPUSD 1.31060
  • #438,499
  • Aug 31, 2016 3:46pm Aug 31, 2016 3:46pm
Quoting Wdfx
{quote} Picked up some nice pips twice short GU. Also good pips long on EURGBP. I this one is about to turn short.
Got stung moving stops to oo early on uj, got me again breakeven, not ideal but I entered again at 103.46, target couple hundred, not at charts now so can't see other levels, I posted somewhere, I'll see how gu looks tomorrow
  • #438,500
  • Aug 31, 2016 3:49pm Aug 31, 2016 3:49pm
Quoting Dr.Phoenix
{quote} Hello, Elbert3. So, we seem to have the current month close is lower (though the day is still on) than the low of the previous month of 32150. I am awaiting for price to be at this level to close all my longs and to arrange the new month's setups. Best D.P. Additionally I must say that the current week Initial Balance has been expanded to the low direction only. Price has not testet the upper boundary and thus the upcoming week might be lower as well.
hi Dr we have yet to see and take it as it comes . Regards E
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