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Cable Update (GBPUSD)

  • #443,241
  • Oct 10, 2016 5:58am Oct 10, 2016 5:58am
Quoting cliffedwards
{quote} Yeah.. hes going to announce a new simple 3 step government strategy for Brexit.. 1. Safety catch OFF 3. Aim carefully at Foot. 3. Pull Trigger. ROFL

Hahahahahhahaha......cheers had a good laugh there....

Brought back a memory of early teenage years, 4 of us were playing around with a Slug Gun(Air Rifle) and we convinced this guy who asked whether the slug would penetrate his school shoe that it would bounce harmlessly of of it....
Well he pointed it at his foot from about 4 inches away, we all thought he would give it a bit of distance, and the slug went straight through the Leather and he was hopping around the backyard in agony while we were all roaring with laughter almost to the point of wetting ourselves...
Don't Leave Money on the Table
  • #443,242
  • Oct 10, 2016 7:12am Oct 10, 2016 7:12am
Quoting 4xforfun
Hello All, it's a while I am following this forum and disccution here, I saw so many experts since I am a bit new in forex, what do you think of below status shall I keep it on hold till the price goes up or I just close them all ? Thanks {image}
you do have really good money management... or else ur account balance would have been 0 not 10k
  • #443,243
  • Oct 10, 2016 7:32am Oct 10, 2016 7:32am
Quoting Sammih
short 2403 SL 2453 TP 2313
 
Nice... my position still open from last week.
Already short from 1.2455
SL 1.25
TP 1.1850 
I put TP below last week low and based on fibo ext.
Will lock profit after close below 1.2388 on H1 chart (fibo retrace 50%)
Don't trust me. I'm still newbie
  • #443,244
  • Oct 10, 2016 7:34am Oct 10, 2016 7:34am
Quoting 4xforfun
Hello All, it's a while I am following this forum and disccution here, I saw so many experts since I am a bit new in forex, what do you think of below status shall I keep it on hold till the price goes up or I just close them all ? Thanks {image}
 
Is that demo or real money?
Quit immediately.
It's a lot money... 
Don't trust me. I'm still newbie
  • #443,245
  • Oct 10, 2016 7:38am Oct 10, 2016 7:38am
Quoting 4xforfun
Hello All, it's a while I am following this forum and disccution here, I saw so many experts since I am a bit new in forex, what do you think of below status shall I keep it on hold till the price goes up or I just close them all ? Thanks {image}
Hi 4xforfun,

how do you determine the lot size?
is there any particular reason on heavy trading on GBPUSD?

Thank you
Let Market Tell You
  • #443,246
  • Oct 10, 2016 7:41am Oct 10, 2016 7:41am
Quoting niubee
{quote} Â Is that demo or real money? Quit immediately. It's a lot money...Â
ofcourse it's Real ! if it was demo why I should have asked others ?
  • #443,247
  • Oct 10, 2016 7:44am Oct 10, 2016 7:44am
Quoting Monokl
{quote} Hi 4xforfun, how do you determine the lot size? is there any particular reason on heavy trading on GBPUSD? Thank you
well I usually trade heavy lot if I feel it's a good time for it, usually 1 lot or 1.5 I use but I was not so sure about GBPUSD, and I am not a professional I usually go with my common sence ! so far I haven't lost from my own money if you see that negative it's my profit that I am losing it like last year I lost 11000$ of my profit
  • #443,248
  • Edited 8:07am Oct 10, 2016 7:56am | Edited 8:07am
I'm holding in for the same position but from a lot lower.. Extremely risky position but I believe it "MAY" have merit. Until 1.26 that is........ 1.29 is probably pushing it, hell even 1.26 may be pushing it. Equally as new. You sound like me, blew 13k in profit so far this year, easier to let it go if you never have it physically in your hands..... .
  • #443,249
  • Oct 10, 2016 8:06am Oct 10, 2016 8:06am
Quoting Sammih
short 2403 SL 2453 TP 2313
It's like GU is lifeless,every pair associated with it is gone toast, huh! Look at pip pumper like GJ has barely made 100 pips in a day!!! Gossssh!!!
  • #443,250
  • Oct 10, 2016 8:21am Oct 10, 2016 8:21am
Quoting 4xforfun
Hello All, it's a while I am following this forum and disccution here, I saw so many experts since I am a bit new in forex, what do you think of below status shall I keep it on hold till the price goes up or I just close them all ? Thanks {image}
I'm no Pro but I'd advise that you stay away from $GBPUSD Longs for next couple of months.
  • #443,251
  • Oct 10, 2016 8:22am Oct 10, 2016 8:22am
Quoting yuddy
{quote} It's like GU is lifeless,every pair associated with it is gone toast, huh! Look at pip pumper like GJ has barely made 100 pips in a day!!! Gossssh!!!
I love a good squeeze, when it breaks......
I'm high on trading, cant you tell?
  • #443,252
  • Oct 10, 2016 8:32am Oct 10, 2016 8:32am
Quoting niubee
{quote} Nice... my position still open from last week. Already short from 1.2455 SL 1.25 TP 1.1850 I put TP below last week low and based on fibo ext. Will lock profit after close below 1.2388 on H1 chart (fibo retrace 50%)
Nice going, GL^
I'm high on trading, cant you tell?
  • #443,253
  • Oct 10, 2016 8:33am Oct 10, 2016 8:33am
Quoting conclude7
I'm holding in for the same position but from a lot lower.. Extremely risky position but I believe it "MAY" have merit. Until 1.26 that is........ 1.29 is probably pushing it, hell even 1.26 may be pushing it. Equally as new. You sound like me, blew 13k in profit so far this year, easier to let it go if you never have it physically in your hands..... .
Yes, thats true but I am planning to hold my position as much as possible my usual common sense is saying it will go up again maybe take time but will go up.


Can anyone calculate for me if I keep my position and if GBPUSD goes to 1.14 how much money I would need in my account just thinking if depositing 10k help ?
  • #443,254
  • Oct 10, 2016 8:40am Oct 10, 2016 8:40am
Quoting 4xforfun
{quote} Yes, thats true but I am planning to hold my position as much as possible my usual common sense is saying it will go up again maybe take time but will go up. Can anyone calculate for me if I keep my position and if GBPUSD goes to 1.14 how much money I would need in my account just thinking if depositing 10k help ?
With current account size and open positions, excluding gold, you cant persevere that kind of move. You would need $14,600, I see you have $10,000

PS: That is a 1000 pip move. Is it worth it to hold on to a 1600 pip loss, what would be your target even if the market recovered to your opening prices. (1.29). Would you target 2000 pips up,(1.5)? How long do you think it will take with the current scenario in the UK to take prices that high? An $8,000 loss is better than a $25,000. in my humble opinion.
I'm high on trading, cant you tell?
  • #443,255
  • Oct 10, 2016 8:43am Oct 10, 2016 8:43am
Quoting Sammih
{quote} With current account size and open positions, excluding gold, you cant persevere that kind of move. You would need $14,600, I see you have $10,000

Yes but if I add another 10k will that help total balance would be 29K can I save if it goes to 1.14 I may close my gold.

I really don't need this money I am just playing for fun I am not active all the time but of course I don't want to lose money
  • #443,256
  • Oct 10, 2016 8:45am Oct 10, 2016 8:45am
Quoting 4xforfun
{quote} Yes, thats true but I am planning to hold my position as much as possible my usual common sense is saying it will go up again maybe take time but will go up. Can anyone calculate for me if I keep my position and if GBPUSD goes to 1.14 how much money I would need in my account just thinking if depositing 10k help ?
Use the attached Calculator

Video Tutorial: http://forexknights.com/contents/mon...ement-formula/
Attached File(s)
File Type: xls ForexCalculator.xls   29 KB | 22,256 downloads
  • #443,257
  • Oct 10, 2016 8:51am Oct 10, 2016 8:51am
Quoting Sandile
{quote} Use the attached Calculator Video Tutorial: http://forexknights.com/contents/mon...ement-formula/ {file}
Thanks man I think this is what i need, right now I am on mobile I will look at it later . Thanks
  • #443,258
  • Oct 10, 2016 8:58am Oct 10, 2016 8:58am
Quoting Sammih
short 2403 SL 2453 TP 2313
hi mate. nice trade. still want lower to short
  • #443,259
  • Oct 10, 2016 9:16am Oct 10, 2016 9:16am
"The pound is the joint-142nd weakest currency for the year to date, according to a note from Deutsche Bank written on Monday morning, beaten only by Angola, Sierra Leone, Nigeria, Venezuela, Mozambique and Suriname"
Everything will be okay in the end. If it's not okay, it's not the end.
  • #443,260
  • Oct 10, 2016 9:37am Oct 10, 2016 9:37am
Quoting Sammih
{quote} Nice going, GL^
Good luck to you too.
I have locked profit 40 pips, let it moves wherever it goes, I'm gonna sleep
Don't trust me. I'm still newbie
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