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Cable Update (GBPUSD)

  • #443,081
  • Oct 7, 2016 4:33am Oct 7, 2016 4:33am
Quoting webizone
{quote} Ha ha ha thanks m8. (Just kidding, am not a broker).
haha even if your not , i would be glad if you got richer m8.
If my losses are going to someone , Id be happy to know that he has a sense of humor
  • #443,082
  • Oct 7, 2016 4:34am Oct 7, 2016 4:34am
Quoting Sammih
{quote} any strategy. One that respects the trend. We are a strong bear market. A good strategy would be to short. look at the statistics, the shorts have been making money all along. But most retail traders for one reason or another just couldn't believe the market was going down. I have written here on this thread that we should trade what we see, not what we expect. This move has been very profitable to some. If I could just ask anyone who was long why they were, Id be interested to hear the answer. {quote} I doubt the daily candle will have...
Your trade better.
I'm still not profit until now.
I'll try your advise for SL.
Don't trust me. I'm still newbie
  • #443,083
  • Oct 7, 2016 4:34am Oct 7, 2016 4:34am
just got in for a taste.
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I'm high on trading, cant you tell?
  • #443,084
  • Oct 7, 2016 4:34am Oct 7, 2016 4:34am
Quoting Sammih
{quote} I hope you are not implying that trading against the trend is a sound strategy
Of course not. I am with you on this. I just wanted to know if on the day the CHF pairs moved the way they did, if the trend was being followed.
  • #443,085
  • Oct 7, 2016 4:34am Oct 7, 2016 4:34am
Quoting 2012mysterio
{quote} Big balls indeed..something i learned about a few years now...
Really?
  • #443,086
  • Oct 7, 2016 4:39am Oct 7, 2016 4:39am
Quoting webizone
{quote} Of course not. I am with you on this. I just wanted to know if on the day the CHF pairs moved the way they did, if the trend was being followed.
There are times when there is nothing one can do. Asking a broker if they have guaranteed stops could help, I think
I'm high on trading, cant you tell?
  • #443,087
  • Oct 7, 2016 4:40am Oct 7, 2016 4:40am
Quoting Tradingdude
{quote} haha even if your not , i would be glad if you got richer m8. If my losses are going to someone , Id be happy to know that he has a sense of humor
Cool to know u understood. Glad to know u also have sense of humour even at a loss. You will live long.
  • #443,088
  • Oct 7, 2016 4:41am Oct 7, 2016 4:41am
Quoting Sammih
just got in for a taste. {image}
u crazy man . i dont trade gu this week.
  • #443,089
  • Oct 7, 2016 4:43am Oct 7, 2016 4:43am
Quoting Ill-b-back
{quote} I am constantly amazed by these statistics
I thought they could be exploited to make trading decisions. But after serious study, i am sorry to say I found no edge in using them.
I'm high on trading, cant you tell?
  • #443,090
  • Oct 7, 2016 4:44am Oct 7, 2016 4:44am
Quoting pointlessfor
{quote} u crazy man . i dont trade gu this week.
I just want 100 pips, nothing more

but seriously, I think the daily candle will have a smaller shadow so I'm going for it, plus I expect a move to 1.13 soon. You will forgive me but as you already know Im a Technical Junkie so, I think its a risk worth it
I'm high on trading, cant you tell?
  • #443,091
  • Oct 7, 2016 4:49am Oct 7, 2016 4:49am
The H4 chart has a hammer. Hence, GU may revisit 1.20 or even lower today. I sold it at 1.2381.
  • #443,092
  • Oct 7, 2016 4:50am Oct 7, 2016 4:50am
Well, guys as a rule of thumb:
This is October, sell everything used to transfer money like gold, silver, aud, GBP and high beta stocks.
Then buy them back around December and January.
  • #443,093
  • Oct 7, 2016 4:50am Oct 7, 2016 4:50am
Quoting Sammih
{quote} I just want 100 pips, nothing more but seriously, I think the daily candle will have a smaller shadow so I'm going for it, plus I expect a move to 1.13 soon. You will forgive me but as you already know Im a Technical Junkie so, I think its a risk worth it
good luck mate . i am done for the week. we trade next week
  • #443,094
  • Oct 7, 2016 4:51am Oct 7, 2016 4:51am
Quoting Sammih
just got in for a taste. {image}
Same chart as mine.
I already lock my profit, but still not got back my lost
Don't trust me. I'm still newbie
  • #443,095
  • Oct 7, 2016 4:52am Oct 7, 2016 4:52am
Quoting ahwee321
{quote} GU Low from my charts TM - 1.14231 FXCM - 1.19949 XM - 1.20266 HF - 1.16244 Forex4you - 1.20262 PPstone - 1.19164
fbs broker low at 1.20181
  • #443,096
  • Oct 7, 2016 4:52am Oct 7, 2016 4:52am
Quoting pointlessfor
{quote} good luck mate . i am done for the week. we trade next week
thanks m8.
I'm high on trading, cant you tell?
  • #443,097
  • Oct 7, 2016 4:56am Oct 7, 2016 4:56am
Quoting niubee
{quote} Same chart as mine. I already lock my profit, but still not got back my lost
There is something funny about Trailing Stops(TS). On cable I use a 60 pip TS and I put it on when im something like 75 pips to the good. I do this because I like to buy /sell at support and resistance levels. So if I sell at a resistance, I dont want my SL to be at that level(for breakeven result) because I believe that level to be a selling zone not a buying one, and closing a sell order is buying, exactly the opposite of what I should be doing.
I'm high on trading, cant you tell?
  • #443,098
  • Oct 7, 2016 4:57am Oct 7, 2016 4:57am
Quoting webizone
{quote} Cool to know u understood. Glad to know u also have sense of humour even at a loss. You will live long.
well my friend there is nothing to be done but accept the fact that this market is volatile and each move could be your last.
If u grieve on your losses , you are not a realist
good luck on your trading. btw did you short the cable ??
  • #443,099
  • Oct 7, 2016 4:59am Oct 7, 2016 4:59am
Quoting Tradingdude
{quote} well my friend there is nothing to be done but accept the fact that this market is volatile and each move could be your last. If u grieve on your losses , you are not a realist good luck on your trading. btw did you short the cable ??
Yeah.
  • #443,100
  • Oct 7, 2016 5:00am Oct 7, 2016 5:00am
Price moves to the point of 1.23023. And currently it has no plans to move up. However, I expect that the price will move up to the point of 1.25242. And return to the channel.
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