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Cable Update (GBPUSD)

  • #440,501
  • Sep 16, 2016 3:56am Sep 16, 2016 3:56am
Quoting Wdfx
Its sitting around that old chestnut 1.3200. it touched 1.3190, didn't get quite as far as yesterdays low od 1.3179. I think we need to see a break of 1.3179 for a continuation down.... waiting time again for an entry...
Bears ain't gonna run all morning, today's show is for both bears and bulls, after the us data comes up, the game gets a jolt, trade safe pals.
  • #440,502
  • Edited 4:56am Sep 16, 2016 3:59am | Edited 4:56am
im holding my long way to 1.3300 ...

let the market decide...
  • #440,503
  • Sep 16, 2016 4:02am Sep 16, 2016 4:02am
Quoting lolik79
im holding my long way to 1.3300 ... let the market decide... {image}
what broker are you with for sb account?
  • #440,504
  • Sep 16, 2016 4:09am Sep 16, 2016 4:09am
Quoting lolik79
im holding my long way to 1.3300 ... let the market decide... {image}
i see that target too. today maybe
  • #440,505
  • Sep 16, 2016 4:10am Sep 16, 2016 4:10am
Quoting Don96
{quote} what broker are you with for sb account?
its demo account sir.... hahhahahaa...

here we call it demo account if we has 100% in return..but still.. we trade carefuly...
  • #440,506
  • Sep 16, 2016 4:13am Sep 16, 2016 4:13am
Quoting lolik79
im holding my long way to 1.3300 ... let the market decide... {image}
You should best calm down and picture things out properly. Take your profit and do not let the market make the decision for you.

Use your demo to get better and do not just take this for a play- My advise.
  • #440,507
  • Sep 16, 2016 4:15am Sep 16, 2016 4:15am
Quoting Don96
{quote} what broker are you with for sb account?
I'm not seeing 1.33** now, not even foreseen next week.
Decision making is the trading in FX but market analysis is the main game that only the wise/pro plays.
  • #440,508
  • Sep 16, 2016 4:16am Sep 16, 2016 4:16am
Quoting lolik79
{quote} its demo account sir.... hahhahahaa... here we call it demo account if we has 100% in return..but still.. we trade carefuly...
yes but what broker are you with?
  • #440,509
  • Sep 16, 2016 4:16am Sep 16, 2016 4:16am
Quoting actionmoney
{quote} You should best calm down and picture things out properly. Take your profit and do not let the market make the decision for you. Use your demo to get better and do not just take this for a play- My advise.

ok, thanks m8
  • #440,510
  • Sep 16, 2016 4:21am Sep 16, 2016 4:21am
Quoting Don96
{quote} yes but what broker are you with?
instaforex
  • #440,511
  • Sep 16, 2016 4:25am Sep 16, 2016 4:25am
Quoting lolik79
im holding my long way to 1.3300 ... let the market decide... {image}
Are you still buying?

Give me good reason why, maybe someone will follow up your decision.
  • #440,512
  • Sep 16, 2016 4:30am Sep 16, 2016 4:30am
Quoting lolik79
im holding my long way to 1.3300 ... let the market decide... {image}
With Wednesday daily hammer like candle, then up to the next main cycle fib
Come with me if you want to live....
  • #440,513
  • Sep 16, 2016 4:33am Sep 16, 2016 4:33am
Quoting actionmoney
{quote} Are you still buying? Give me good reason why, maybe someone will follow up your decision.
Watch carefully pals bfor you hit dat button, the US data gat some force and you don't wanna be caught on the opposite direction. A ten cents advice.
  • #440,514
  • Sep 16, 2016 4:33am Sep 16, 2016 4:33am
The price pierced the support line. And move along it. I consider this a false breakout. And the price will reach the point of 1.31813. And it moves back into the channel to the point of 1.32098.
Attached Image (click to enlarge)
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  • #440,515
  • Sep 16, 2016 4:35am Sep 16, 2016 4:35am
Attached Image (click to enlarge)
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  • #440,516
  • Sep 16, 2016 4:48am Sep 16, 2016 4:48am
Quoting elbert3
{quote} Well done
Thank you but I bailed out with my GU short at BE, if I did I would have made a great trade.....

Fear is an issue with myself, I need to work on it and a lot.....
trading is simple but is simple is not easy.
  • #440,517
  • Sep 16, 2016 4:49am Sep 16, 2016 4:49am
I have tp around 3151
I'm high on trading, cant you tell?
  • #440,518
  • Sep 16, 2016 4:59am Sep 16, 2016 4:59am
Quoting ZenNy
{quote} Thank you but I bailed out with my GU short at BE, if I did I would have made a great trade..... Fear is an issue with myself, I need to work on it and a lot.....
When you grow your acc in this stage of the price range you will find if your in the right trade you can hedge while leaving your bigger lot trades open with a bigger sl and hope to take advantage it trading both ways but it ain't easy don't do this on a small acc you will blow it . But gl E
  • #440,519
  • Sep 16, 2016 5:02am Sep 16, 2016 5:02am
Quoting actionmoney
{quote} I'm not seeing 1.33** now, not even foreseen next week. Decision making is the trading in FX but market analysis is the main game that only the wise/pro plays.
im seeing 1.33... especially when there is no interest rate hikes... i would like 1.3102 first... perfect for 1.363
  • #440,520
  • Sep 16, 2016 5:06am Sep 16, 2016 5:06am
Quoting elbert3
{quote} When you grow your acc in this stage of the price range you will find if your in the right trade you can hedge while leaving your bigger lot trades open with a bigger sl and hope to take advantage it trading both ways but it ain't easy don't do this on a small acc you will blow it . But gl E
Thank you for you comment, but I think I need to trust my decision and gain patience, my reading was right but the move took time got to support, stalled and I bailed out....wrong.

Support and resistance levels are only personal perceptions unless prices react to them, prices did not react, my trade was in the direction of the least resistance but my mind got the better out of me and did the wrong thing.

It's ok, I am learning from it.
trading is simple but is simple is not easy.
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