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Cable Update (GBPUSD)

  • #443,121
  • Oct 7, 2016 5:52am Oct 7, 2016 5:52am
Quoting webizone
{quote} I know it's easy to doubt. But u need to go through the process I have gone. I was crushed for years without end. It was a mini hell. BTW, do u know that sports betting is a financial market these days?
Hi, M8! Many good traders go through hell, that I know. Never doubted you only that it was easier to make those remarks after what happened earlier today rather than staying humble. Many good traders here suffered a bunch of losses and I really felt sorry for them; I wasn't smarter with a good profit I made only just on the right side at that time and I don't believe any of us was smarter than others. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #443,122
  • Oct 7, 2016 6:02am Oct 7, 2016 6:02am
Quoting KeenPips
{quote} Hi, M8! Many good traders go through hell, that I know. Never doubted you only that it was easier to make those remarks after what happened earlier today rather than staying humble. Many good traders here suffered a bunch of losses and I really felt sorry for them; I wasn't smarter with a good profit I made only just on the right side at that time and I don't believe any of us was smarter than others. Trade safe. KP
I guess u r right. I don't usually show myself because I believe knowledge is infinite and one can only keep growing. I just liked tradingdude so much that I was willing to teach him enough to help him out of his mistakes.
  • #443,123
  • Oct 7, 2016 6:13am Oct 7, 2016 6:13am
Quoting 4xxxx4
It should go down on NFP. What do you all say?
Don't be surprised if they show fantastical NFP and still let GBP raise up to tease all shorters. They do opposite to human mentality but it will give a chance to sell GBP high thats all
Scoobi doobi doo
  • #443,124
  • Oct 7, 2016 6:15am Oct 7, 2016 6:15am
WTF just looked at the charts!

ATC Brokers UK low 1.1494 ish
persistence and determination alone are omnipotent
  • #443,125
  • Oct 7, 2016 6:18am Oct 7, 2016 6:18am
Quoting Sammih
{quote} 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.
As a contraindicator I think it would be profitable.

As soon as longs tip over 50%, start to build shorts

Once shorts tip over 50%, close shorts and start to build longs.

With conservative money management to account for the occasional time when the crowd is right, I think it would be a winning strategy over the longer term.
Come with me if you want to live....
  • #443,126
  • Oct 7, 2016 6:28am Oct 7, 2016 6:28am
by FXCM
Attached Image (click to enlarge)
Click to Enlarge Name: delete1.png Size: 158 KB
  • #443,127
  • Oct 7, 2016 6:39am Oct 7, 2016 6:39am
Am the the only one who is a bit afraid well nervous to trade?

If possible could I find out your input on USD/CAD?
  • #443,128
  • Oct 7, 2016 6:44am Oct 7, 2016 6:44am
Quoting USD-charts
Am the the only one who is a bit afraid well nervous to trade? If possible could I find out your input on USD/CAD?
Shooting to sky
  • #443,129
  • Oct 7, 2016 6:45am Oct 7, 2016 6:45am
Quoting USD-charts
Am the the only one who is a bit afraid well nervous to trade? If possible could I find out your input on USD/CAD?
Don't trade today. Money saved now is money earned in this case. Trust me. Make a mental picture of what u may have traded and check back at the end of the day to see if u would be correct, and learn why.
  • #443,130
  • Oct 7, 2016 6:48am Oct 7, 2016 6:48am
Quoting webizone
{quote} Don't trade today. Money saved now is money earned in this case. Trust me. Make a mental picture of what u may have traded and check back at the end of the day to see if u would be correct, and learn why.
Good point. Stepping aside for market to settle, say after NFP, will be a wise strategy.

KP
Do your homework, follow the footprints of smart money
  • #443,131
  • Oct 7, 2016 6:52am Oct 7, 2016 6:52am
Quoting USD-charts
Am the the only one who is a bit afraid well nervous to trade? If possible could I find out your input on USD/CAD?
seems to be approaching resistance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADWeekly.png Size: 22 KB
Click to Enlarge Name: USDCADWeekly1.png Size: 30 KB
Come with me if you want to live....
  • #443,132
  • Oct 7, 2016 6:53am Oct 7, 2016 6:53am
Quoting KeenPips
{quote} Good point. Stepping aside for market to settle, say after NFP, will be a wise strategy. KP
Thanks for the advice guys, The whole GBP thing has me walking on eggshells due to serious lack of trust
  • #443,133
  • Oct 7, 2016 6:53am Oct 7, 2016 6:53am
I have decided to wait out the Non-farm Payrolls as well. Or I might wait out the whole day altogether and continue on Monday.
  • #443,134
  • Oct 7, 2016 6:54am Oct 7, 2016 6:54am
Quoting Ll1979
WTF just looked at the charts! ATC Brokers UK low 1.1494 ish
What's new
Market maker, widen spread do 1000. Get all stops. Fill pockets. :-0
Surprised?
Â
Read around, Alpari, next one... 1300 pips spread was the record.
So act accordingly
Â
Let me post something i said a month ago
Quoting Not-KPMG
If anyone is following Bloomberg 's advices, buys pound, rents London housing and other shenanigans that big banks advertise.... - why don't you just hand over the money now The banks can use some. Poor banks
That's why they give "free" advice. Makes them free money
PS: if anyone wants to invest as above, please calculate your affordable loss, don't trade, but send me half of the money We all win
Â
I'm waiting
Beware of robber banks (RB), bad advisors.
  • #443,135
  • Oct 7, 2016 6:55am Oct 7, 2016 6:55am
if u can't feel it, don't trade it
Come with me if you want to live....
  • #443,136
  • Oct 7, 2016 7:27am Oct 7, 2016 7:27am
Thinking of shorting GBPCAD-
Will have to stand aside on NFP
  • #443,137
  • Oct 7, 2016 7:38am Oct 7, 2016 7:38am
Quoting Fader123
Thinking of shorting GBPCAD- Will have to stand aside on NFP
Nice...
  • #443,138
  • Oct 7, 2016 7:49am Oct 7, 2016 7:49am
Quoting Fader123
Thinking of shorting GBPCAD- Will have to stand aside on NFP
Very nice print on Canadian jobs, will make Justin Trudeau even more popular if that's possible....LOL
Don't Leave Money on the Table
  • #443,139
  • Oct 7, 2016 8:00am Oct 7, 2016 8:00am
Long gone .. well every other muther shorted so why not swim against the tide for a while

123 600
  • #443,140
  • Oct 7, 2016 8:01am Oct 7, 2016 8:01am
Quoting KeenPips
{quote} Good point. Stepping aside for market to settle, say after NFP, will be a wise strategy. KP
Running a demo account is a good idea if you aren't comfortable taking the trade live put it on demo and see what happens.  
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