Cable Update (GBPUSD) | Page 21955 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #439,081
  • Sep 6, 2016 3:28am Sep 6, 2016 3:28am
Quoting Wdfx
{quote} It hasn't got through the 3352 level and now approaching the daily pivot. Considering going short.
Nope, back in long with a very tight stop
Striving for consistency
  • #439,082
  • Sep 6, 2016 3:29am Sep 6, 2016 3:29am
i am unable to control my fears of loss, was long from 3302 since morning and target was 3350 but closed this winner at 3324waited for more than 3 hours but a 15 minute more could have given me double the pips
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #439,083
  • Sep 6, 2016 3:34am Sep 6, 2016 3:34am
Quoting Tpak
i am unable to control my fears of loss, was long from 3302 since morning and target was 3350 but closed this winner at 3324waited for more than 3 hours but a 15 minute more could have given me double the pips
Do not beat yourself up, small wins are good. If I knew I had net three 20 pip winners a day I would be very happy.
Striving for consistency
  • #439,084
  • Sep 6, 2016 3:36am Sep 6, 2016 3:36am
Quoting Wdfx
{quote} Nope, back in long with a very tight stop
Back out at BE (;>). is it worth the effort??
Striving for consistency
  • #439,085
  • Sep 6, 2016 3:39am Sep 6, 2016 3:39am
Quoting Wdfx
{quote} Do not beat yourself up, small wins are good. If I knew I had net three 20 pip winners a day I would be very happy.
but the problem with me is that i carry my losers too far and my winners too short so at the end of week stand on losing end although i have developed a little bit of understanding of the market
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #439,086
  • Sep 6, 2016 3:42am Sep 6, 2016 3:42am
Quoting pointlessfor
{quote} target 3290
ofc it wants 3350 now. ok i am out 3333. long 3333. target 3346
  • #439,087
  • Sep 6, 2016 3:43am Sep 6, 2016 3:43am
Seems the US data coming will be strong.

Staying long till 10:20 AM WAT.
  • #439,088
  • Sep 6, 2016 4:06am Sep 6, 2016 4:06am
Hello Guys, I try to be as clear as possible because there are so many info here ...

First, I am definitely bearish on this pattern. For now I am waiting to close a bull position at 1.3350, maybe the cross can move until 1.3370 but I thing it is difficult.
Beyond 1.3370 it is full full of big resistences and it is full of harmonic patterns that indicated a down movement.

I have right now positioned a sell limit order --> you do not see it in my pictures
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled 10.jpg Size: 70 KB
Click to Enlarge Name: Untitled 11.jpg Size: 66 KB
Click to Enlarge Name: Untitled 12.jpg Size: 418 KB
Click to Enlarge Name: Untitled 13.jpg Size: 236 KB
Click to Enlarge Name: Untitled 14.jpg Size: 652 KB
Click to Enlarge Name: Untitled 15.jpg Size: 606 KB
Click to Enlarge Name: Untitled 16.jpg Size: 310 KB
  • #439,089
  • Sep 6, 2016 4:08am Sep 6, 2016 4:08am
Quoting dean1star
{quote} IF you send me a pm (private message) i will send you over a simple system to improve your trading skills. Just to help you gain the courage a new trader needs
Hi dean1star! Thanks much for your time and efforts to collect and provide me with info re that system. Appreciate your willingness to help to such neophytes like me
  • #439,090
  • Edited 4:40am Sep 6, 2016 4:13am | Edited 4:40am
Quoting Tpak
{quote} but the problem with me is that i carry my losers too far and my winners too short so at the end of week stand on losing end although i have developed a little bit of understanding of the market
I have the same problem and it is due to impatience. I know that at times I should wait a little longer for my entry point hence being able to place my stop just below or above support / resistance levels. I have a big sign above my desk saying "don't jump in". All the advice I have read emphasises two things being money management and controlling emotions. The best beginners book I have read is by a Cory Mitchell. It was brilliant, very comprehensive and relatively cheap. I have spent fortunes on rubbish. This one was good. Checkout his website there are lots of free stuff. His book is called "Forex Strategies Guide for Day and Swing Traders".
https://vantagepointtrading.com/fore...strategy-guide. PS I do not make anything off this recommendation. Hopefully I am not breaking any rules here. If I am apologies and ignore.
Striving for consistency
  • #439,091
  • Sep 6, 2016 4:32am Sep 6, 2016 4:32am
Quoting Tpak
{quote} but the problem with me is that i carry my losers too far and my winners too short so at the end of week stand on losing end although i have developed a little bit of understanding of the market
Its very curious how we all, at some point do this; hold on to losers for too long hoping it will come back and close out profits too fast afraid it will retrace while we should cut loses short in fear of a run away loser and hold winners in hope of a run away winner.
I'm high on trading, cant you tell?
  • #439,092
  • Sep 6, 2016 4:38am Sep 6, 2016 4:38am
closed all positions now
  • #439,093
  • Sep 6, 2016 4:38am Sep 6, 2016 4:38am
3330 short
  • #439,094
  • Sep 6, 2016 4:40am Sep 6, 2016 4:40am
Quoting Sammih
{quote} Its very curious how we all, at some point do this; hold on to losers for too long hoping it will come back and close out profits too fast afraid it will retrace while we should cut loses short in fear of a run away loser and hold winners in hope of a run away winner.
I read somewhere that it is due to the pain / pleasure principal. Most people are more motivated by avoiding pain rather than gaining pleasure. Hence loosing is painful and we will stretch our risk and hope for the turn to avoid it. We are quite happy to take a little bit less pleasure by closing our profits early even although our analysis may show otherwise.
Striving for consistency
  • #439,095
  • Sep 6, 2016 4:40am Sep 6, 2016 4:40am
Quoting pointlessfor
3330 short
how many trades have you made today?
I'm high on trading, cant you tell?
  • #439,096
  • Sep 6, 2016 4:45am Sep 6, 2016 4:45am
Quoting Wdfx
{quote} I read somewhere that it is due to the pain / pleasure principal. Most people are more motivated by avoiding pain rather than gaining pleasure. Hence loosing is painful and we will stretch our risk and hope for the turn to avoid it. We are quite happy to take a little bit less pleasure by closing our profits early even although our analysis may show otherwise.
yes, like the pain of losing $xx is more than the pleasure of gaining $xx
I'm high on trading, cant you tell?
  • #439,097
  • Sep 6, 2016 4:58am Sep 6, 2016 4:58am
The average daily range for cable is around 130 pips. So, here is an idea, current days range, just over 50. If price breaks out of that range, enter with Tp at about 70 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1idea.png Size: 47 KB
I'm high on trading, cant you tell?
  • #439,098
  • Sep 6, 2016 5:12am Sep 6, 2016 5:12am
3291 was resistance. It has just proven itself support now. Entry long at Market. SL at 3292, TP at 1.35. Possible re entry at Daily Pivot Point 3321. I do this in full awareness of the resitance in the area. However, I am also conscious that if price should close the day above 1.335 (Daily Candle), we should have an extended move move north to 1.38. I am placing myself in the market in readiness for this move.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 96 KB
I'm high on trading, cant you tell?
  • #439,099
  • Sep 6, 2016 5:22am Sep 6, 2016 5:22am
Quoting Sammih
{quote} yes, like the pain of losing $xx is more than the pleasure of gaining $xx
yes excatly
Striving for consistency
  • #439,100
  • Sep 6, 2016 5:25am Sep 6, 2016 5:25am
Quoting Sammih
3291 was resistance. It has just proven itself support now. Entry long at Market. SL at 3292, TP at 1.35. Possible re entry at Daily Pivot Point 3321. I do this in full awareness of the resitance in the area. However, I am also conscious that if price should close the day above 1.335 (Daily Candle), we should have an extended move move north to 1.38. I am placing myself in the market in readiness for this move. {image}
Long risk.... hoping to hear how this goes @3:00 pm WAT.

Today's market is pregnant with surprise, which will be delivered @ 03:00 PM WAT
2,215 traders viewing now, 2 are registered:
,
AlphaGM