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Cable Update (GBPUSD)

  • #439,921
  • Sep 13, 2016 5:32am Sep 13, 2016 5:32am
Are y'all making money yet? Just came to read successful traders stories today 'cos the markets are choppin'.
  • #439,922
  • Sep 13, 2016 5:33am Sep 13, 2016 5:33am
!North Entry 3260 TP @3330
SL low Yesterday
  • #439,923
  • Sep 13, 2016 5:33am Sep 13, 2016 5:33am
Two and a half weeks ago my brokers mucked up some trades because they no longer were using cTrader so I had to go back to MT4.
75% of my account was in drawdown and because they made the mistake they credited my account in full. I was seriously blown away by that kind gesture but I'm also a high volume client for them but still they could have left the account in drawdown.

So with that boost I made sure not to put myself in that position again and in 12 trading days have increased my account by 53% and today(tonight for me) I'm gonna have the rest of the night of and look forward to the next few days of trading..
Don't Leave Money on the Table
  • #439,924
  • Sep 13, 2016 5:37am Sep 13, 2016 5:37am
Short Positions still open and running from last week ..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-ifcmarkets-corp.png Size: 156 KB
  • #439,925
  • Sep 13, 2016 5:39am Sep 13, 2016 5:39am
first target 1.3242/35, second target 1.3207, third target,1.3170

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 4H 130916.JPG Size: 187 KB
Striving for consistency
  • #439,926
  • Sep 13, 2016 5:40am Sep 13, 2016 5:40am
Quoting Sammih
short entry 3274 Tp 3163 sl 3324
You must have noticed that the 50p drop from mid BB/H4 as discussed yesterday has now played out. Arguably, what delayed it to this time was that yesterday's dovish comment by Brainard, the FOMC member that hurt the dollar.
But I must also say that your set-ups are also well thought out.
GU still remains what it is: erratic
  • #439,927
  • Sep 13, 2016 5:40am Sep 13, 2016 5:40am
Quoting HaLBot
by 53% and today(tonight for me) I'm gonna have the rest of the night of and look forward to the next few days of trading..
Wow man..Thats great
Be the change that you want to change
  • #439,928
  • Sep 13, 2016 5:41am Sep 13, 2016 5:41am
The rally yesterday and poor CPI figures have given Cable downward momentum
Lower than expected inflation (CPI) means that the BOE has more scope to cut interest rates
Next up (on Thursday) we have Retail Sales - if these are a miss this could put a strong bias on the BOE regarding further easing
The estimates for retail sales are quite low- but it could still be a miss
Also recent BOE agent reports and CBI reports are not great
So leading up to BOE statement I would expect more bearish sentiment- and will probably short the market again on Thursday morning
My only slight fly in the ointment is Haledine's interview - where he said that most BOE members were considering a range of measures and not just interest rates
It is very unlikely that there will be a further cut on Thursday
I would still expect Carney to issue a dovish statement purely based on recent reports and prints.
This will move the market down further

Really looking forward to Thursday
  • #439,929
  • Sep 13, 2016 5:47am Sep 13, 2016 5:47am
Quoting el_duende
{quote} A different trend line on the 4 hour. Another view to ponder. {image}
Thank you for your view to share
  • #439,930
  • Sep 13, 2016 5:48am Sep 13, 2016 5:48am
An other poor low made by H G periods. There is not so much to say with a market like this.

Eventually H period stopped once the one timeframing lower going above G period.
Ubi maior minor cessat
  • #439,931
  • Sep 13, 2016 5:49am Sep 13, 2016 5:49am
Quoting HaLBot
{quote} No what I mean is as price comes down to 3300 Bids are placed there, so even if momentum is heading downwards because of those bids price jumped... So these bids at 3300(round number, pychological area) could run into very large number and only 20-30 pips can amount to a large profit, and had UK news come out positive even more profit..
So true
  • #439,932
  • Sep 13, 2016 5:55am Sep 13, 2016 5:55am
Quoting mubinirl
{quote} Wow man..Thats great
Thanks M8...yes I want to be one of those 1% and it's going to take a lot of dedication
Don't Leave Money on the Table
  • #439,933
  • Sep 13, 2016 5:56am Sep 13, 2016 5:56am
#GBPUSD short pound @ 1.3325 strong hold.... dont know if it will continue or just chop in this inside bar so I'm trailing my stop for a scalp....
but if it continues could be the sell off I was talking about on dates 9-13-14 lets see how it pans out..

Gann Analysis
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #439,934
  • Sep 13, 2016 5:56am Sep 13, 2016 5:56am
Quoting el_duende
{quote} A different trend line on the 4 hour. Another view to ponder. {image}
  • #439,935
  • Sep 13, 2016 5:59am Sep 13, 2016 5:59am
I think it is still HS form from last week
  • #439,936
  • Sep 13, 2016 5:59am Sep 13, 2016 5:59am
Quoting pointlessfor
{quote} why do you change direction?. i think this week up man.
Still bullish until we break low of 3066, but I have a short set up, that's why I'm in short for now
I'm high on trading, cant you tell?
  • #439,937
  • Sep 13, 2016 6:01am Sep 13, 2016 6:01am
Quoting Bydyke
{quote} You must have noticed that the 50p drop from mid BB/H4 as discussed yesterday has now played out. Arguably, what delayed it to this time was that yesterday's dovish comment by Brainard, the FOMC member that hurt the dollar. But I must also say that your set-ups are also well thought out. GU still remains what it is: erratic
I'm high on trading, cant you tell?
  • #439,938
  • Sep 13, 2016 6:04am Sep 13, 2016 6:04am
Quoting HaLBot
Two and a half weeks ago my brokers mucked up some trades because they no longer were using cTrader so I had to go back to MT4. 75% of my account was in drawdown and because they made the mistake they credited my account in full. I was seriously blown away by that kind gesture but I'm also a high volume client for them but still they could have left the account in drawdown. So with that boost I made sure not to put myself in that position again and in 12 trading days have increased my account by 53% and today(tonight for me) I'm gonna have the rest...
Well done M8 have a great evening....
Striving for consistency
  • #439,939
  • Sep 13, 2016 6:06am Sep 13, 2016 6:06am
Quoting Wdfx
{quote} Well done M8 have a great evening....

Yeah cheers....

My biggest improvement lately has been shorting a pair, it's always been difficult for me but lately a lot easier....
Don't Leave Money on the Table
  • #439,940
  • Sep 13, 2016 6:08am Sep 13, 2016 6:08am
Quoting bithedz
!North Entry 3260 TP @3330 SL low Yesterday


I am about to panic as soon as price goes lower 32350, not earlier.

Best
D.P.
Hunting High and Low
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