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Cable Update (GBPUSD)

  • #440,821
  • Sep 19, 2016 9:17am Sep 19, 2016 9:17am
Quoting Sammih
{quote} sell limit hit sl 3130
  • #440,822
  • Sep 19, 2016 9:36am Sep 19, 2016 9:36am
Gbpusd h1 ... Sell tp 2863

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  • #440,823
  • Sep 19, 2016 9:41am Sep 19, 2016 9:41am
stuck till next 2 hours! TF H4 locked.

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  • #440,824
  • Sep 19, 2016 9:44am Sep 19, 2016 9:44am
Quoting mrhb30jr
Gbpusd h1 ... Sell tp 2863 {image}
Going to see if 60 ish will bounce as that's about the next 5 min tl watch it for any breakout
  • #440,825
  • Sep 19, 2016 9:53am Sep 19, 2016 9:53am
Quoting elbert3
{quote} Going to see if 60 ish will bounce as that's about the next 5 min tl watch it for any breakout

I would wait for it to test 3100.. but that is just me..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #440,826
  • Sep 19, 2016 9:59am Sep 19, 2016 9:59am
Quoting Sammih
{quote} sell limit hit sl 3130
i dont trust this sell move,even though its so juicy
  • #440,827
  • Sep 19, 2016 9:59am Sep 19, 2016 9:59am
Quoting Sammih
{quote} sell limit hit sl 3130
Hi, how did you know while placing sell limit 3080. how do you analyze tp and sl? can u share your experience plz?
on this forum only you are the one and only who is always providing latest figures SL TP Positions and these are mostly going according to your analysis... If you share it can help a lot for the people like me... Thanks
  • #440,828
  • Sep 19, 2016 10:03am Sep 19, 2016 10:03am
Quoting Wdfx
short at 3090, SL 3140, TP 1290,
Stop loss now moved beyond BE to 3085. lets see where it goes?
Striving for consistency
  • #440,829
  • Sep 19, 2016 10:05am Sep 19, 2016 10:05am
Quoting Daaimali1512
{quote} Hi, how did you know while placing sell limit 3080. how do you analyze tp and sl? can u share your experience plz? on this forum only you are the one and only who is always providing latest figures SL TP Positions and these are mostly going according to your analysis... If you share it can help a lot for the people like me... Thanks
I can contribute to the official answer by Sammih by saying that you should look into wave analysis using Fibonacci and Elliot wave theories..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #440,830
  • Sep 19, 2016 10:06am Sep 19, 2016 10:06am
Quoting yuddy
{quote} i dont trust this sell move,even though its so juicy

You should see how it looks like on your Euro chart.. Extra cheese..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #440,831
  • Sep 19, 2016 10:10am Sep 19, 2016 10:10am
Quoting Daaimali1512
{quote} Hi, how did you know while placing sell limit 3080. how do you analyze tp and sl? can u share your experience plz? on this forum only you are the one and only who is always providing latest figures SL TP Positions and these are mostly going according to your analysis... If you share it can help a lot for the people like me... Thanks
3080 is also D-PP
A good trader follows his rules, but great trader knows when to break them
  • #440,832
  • Sep 19, 2016 10:14am Sep 19, 2016 10:14am
Quoting baherhosni
{quote} You should see how it looks like on your Euro chart.. Extra cheese..
not yet a strong move to go with,perhaps when data are out tommorrw the real direction gonna show,right its just up and down.scalping on point
  • #440,833
  • Sep 19, 2016 10:14am Sep 19, 2016 10:14am
Quoting Wdfx
{quote} I should have followed you up
Trading aside here is an opinion, this support from the last low on friday might be not so easy to break, test, bounce even sure - all eyes on the fed this week but with elections so near out here - will there be a hike - i doubt this more similar in fashion to a ... we see a hike coming soon .. least shall we forget not that this game is always out stretched and how many times has the fed moved the goal posts - so staying long for a few days. Other peoples opinions are the same as mine in that they are but their own opinions too lol ..
  • #440,834
  • Sep 19, 2016 10:21am Sep 19, 2016 10:21am
Quoting Daaimali1512
{quote} Hi, how did you know while placing sell limit 3080. how do you analyze tp and sl? can u share your experience plz? on this forum only you are the one and only who is always providing latest figures SL TP Positions and these are mostly going according to your analysis... If you share it can help a lot for the people like me... Thanks
Hi, like ill_be_back says, I put limit there because it is the Daily Pivot Point(PP). I have pointed out quite severally about an observation I've consistently made; the 4hr candle respects daily pivot points. If a 4hr candle crosses and closes above/below PP, its a strong sign (for me).

Secondly, I like to trade with the trend, so I put my money at the pivot point in the direction of the trend, where only a small move against me will tell me I'm wrong.

I always put my SL at 50 pips or less based on previous swings or Fibonacci levels

Finally, My TP is the lower trendline on the chart.
Attached Image (click to enlarge)
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I'm high on trading, cant you tell?
  • #440,835
  • Sep 19, 2016 10:29am Sep 19, 2016 10:29am
Quoting Sammih
{quote} Hi, like ill_be_back says, I put limit there because it is the Daily Pivot Point(PP). I have pointed out quite severally about an observation I've consistently made; the 4hr candle respects daily pivot points. If a 4hr candle crosses and closes above/below PP, its a strong sign (for me). Secondly, I like to trade with the trend, so I put my money at the pivot point in the direction of the trend, where only a small move against me will tell me I'm wrong. I always put my SL at 50 pips or less based on previous swings or Fibonacci levels Finally,...
Very good. Also the weekly pivot point.

KP
Do your homework, follow the footprints of smart money
  • #440,836
  • Sep 19, 2016 10:38am Sep 19, 2016 10:38am
Quoting Sammih
{quote} Hi, like ill_be_back says, I put limit there because it is the Daily Pivot Point(PP). I have pointed out quite severally about an observation I've consistently made; the 4hr candle respects daily pivot points. If a 4hr candle crosses and closes above/below PP, its a strong sign (for me). Secondly, I like to trade with the trend, so I put my money at the pivot point in the direction of the trend, where only a small move against me will tell me I'm wrong. I always put my SL at 50 pips or less based on previous swings or Fibonacci levels Finally,...
oh really very well done, understood, and thank you very much. now i only want to ask that when do check 4hrs candle above or below the PP because there are 6 candles in in a day so if you can explain some? and also formula to get PP? Thanks
  • #440,837
  • Sep 19, 2016 10:46am Sep 19, 2016 10:46am
3049 one more short. target 3005 .
  • #440,838
  • Sep 19, 2016 10:51am Sep 19, 2016 10:51am
Quoting dean1star
{quote} Trading aside here is an opinion, this support from the last low on friday might be not so easy to break, test, bounce even sure - all eyes on the fed this week but with elections so near out here - will there be a hike - i doubt this more similar in fashion to a ... we see a hike coming soon .. least shall we forget not that this game is always out stretched and how many times has the fed moved the goal posts - so staying long for a few days. Other peoples opinions are the same as mine in that they are but their own opinions too lol ..
I don't disagree but in this market my motives are more short term. I'm looking to pick up 50 pips a day, some days I get a lot more then I'll give it all back the day after. For instance today at present , I am approx. 40 pips up on Cable, 5 pips up on the Euro, 10 pips down on the Aussie (short on all three). Hopefully be the end of the day I'll make the 50 pips. Tomorrow I'll start again. I prefer not to leave my positions overnight although sometimes I do. I'll just try and follow the trend as I see it, interpret the news at the time and I may change my mind half way through the day.
Striving for consistency
  • #440,839
  • Sep 19, 2016 10:54am Sep 19, 2016 10:54am
Quoting Don96
I expect dovisish fed dovish RBNZ hawkish mario
im dreaming... dovish fed will mean stronger NZD... NZD wont cut and draghi probs wont be hawk...EN sink through the floor and well fml
  • #440,840
  • Sep 19, 2016 10:55am Sep 19, 2016 10:55am
Quoting Davit
Continuing with previous post Here is my chart with pivots.. So many ways to trade this but I want you guys to see where price reverses.You see a pattern? I clearly see several.Lets say simple one price hitting 100R/S has tremendous probability to reverse.That's a great EDGE now if you take 50 trades at 100R/S I can almost say for certain you will have 70% winning trades. Cheers {image}
That was helpfull .The video as well
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