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Cable Update (GBPUSD)

  • #444,381
  • Oct 25, 2016 8:28am Oct 25, 2016 8:28am
lets see what happens when Carney opens his mouth....
Striving for consistency
  • #444,382
  • Oct 25, 2016 8:30am Oct 25, 2016 8:30am
Quoting FXClarity
{quote} Well, I guess you've had a ton of buy limits just trigger so I hope it launches up for you.
No effect.
He using demo
Don't trust me. I'm still newbie
  • #444,383
  • Oct 25, 2016 8:30am Oct 25, 2016 8:30am
Quoting kk300
i am out... {image}
Smart move. I closed same area. Carney is speaking in an hour. Even if it goes a little lower it doesn't matter.
2117 is a strong order area. Keeping profits is all that's important.
  • #444,384
  • Oct 25, 2016 8:30am Oct 25, 2016 8:30am
Where are all the cable bulls? Just an hour ago there were here, feeling confident.

It's funny how trading makes you do the same mistakes over and over again.
  • #444,385
  • Oct 25, 2016 8:34am Oct 25, 2016 8:34am
Quoting niubee
{quote} No effect. He using demo
Exactly. It still went terribly wrong lol
Demo only
  • #444,386
  • Oct 25, 2016 8:36am Oct 25, 2016 8:36am
Quoting mades
Where are all the cable bulls? Just an hour ago there were here, feeling confident. It's funny how trading makes you do the same mistakes over and over again.
Yeah very right , you would have better knowledge of it since you are in fro 2007.
  • #444,387
  • Oct 25, 2016 8:37am Oct 25, 2016 8:37am
4 tops & down , nice for the bottom & perhaps new lows .take care . fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #444,388
  • Oct 25, 2016 8:39am Oct 25, 2016 8:39am
Quoting TradeWTUC
{quote} Yeah very right , you would have better knowledge of it since you are in fro 2007.
Actually my first big loss came from catching the falling knife back in 07 when the crisis started. After that i did that mistake many times over until I learned. I also learned, that averaging down positions is ultimately WRONG (despite some top traders using it). You add to winners, not to losers.

But you can't learn trading demo only.
  • #444,389
  • Oct 25, 2016 8:40am Oct 25, 2016 8:40am
Quoting niubee
{quote} No effect. He using demo
Oh..
  • #444,390
  • Oct 25, 2016 8:41am Oct 25, 2016 8:41am
I'm so gonna milk this. I need all of your money now!

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  • #444,391
  • Oct 25, 2016 8:41am Oct 25, 2016 8:41am
pending buy order 1 at 1.2096 and another one is at 1.2075 sl 1.2047
  • #444,392
  • Oct 25, 2016 8:42am Oct 25, 2016 8:42am
It's going up now ! It just went down to close all open long and now will go up to close all short positions ! Theory
  • #444,393
  • Oct 25, 2016 8:42am Oct 25, 2016 8:42am
GBPUSD

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  • #444,394
  • Oct 25, 2016 8:43am Oct 25, 2016 8:43am
Quoting mades
Where are all the cable bulls? Just an hour ago there were here, feeling confident. It's funny how trading makes you do the same mistakes over and over again.
They will be back in a few days with new bull strategy try to convince everybody that they are right.
It was clear that this up move is so fake and without power to go really up. It was like E/U before that big drop. Spike up then down then another spike up...
But who knows where it is going now.
This is only my opinion.
  • #444,395
  • Oct 25, 2016 8:43am Oct 25, 2016 8:43am
Quoting Sohailshah
pending buy order 1 at 1.2096 and another one is at 1.2075 sl 1.2047
very good.
  • #444,396
  • Oct 25, 2016 8:45am Oct 25, 2016 8:45am
Quoting mades
Where are all the cable bulls? Just an hour ago there were here, feeling confident. It's funny how trading makes you do the same mistakes over and over again.
I'm feathering in Longs.

That said I'm not a bull but merely trading a retrace swing off longer timeframes in GBP's demise over the past few weeks and months and my time horizon isn't 5 or 15 mins.
  • #444,397
  • Oct 25, 2016 8:46am Oct 25, 2016 8:46am
Quoting mades
{quote} Actually my first big loss came from catching the falling knife back in 07 when the crisis started. After that i did that mistake many times over until I learned. I also learned, that averaging down positions is ultimately WRONG (despite some top traders using it). You add to winners, not to losers. But you can't learn trading demo only.
All truth i believe that.
  • #444,398
  • Oct 25, 2016 8:53am Oct 25, 2016 8:53am
Quoting bg_sunny
{quote} Exactly. It still went terribly wrong lol
It's okay, I also use demo at first time.
In real trading, I have MC 30 times
Don't trust me. I'm still newbie
  • #444,399
  • Oct 25, 2016 8:54am Oct 25, 2016 8:54am
Quoting Sohailshah
pending buy order 1 at 1.2096 and another one is at 1.2075 sl 1.2047
First order touched
  • #444,400
  • Oct 25, 2016 8:54am Oct 25, 2016 8:54am
Quoting Wdfx
lets see what happens when Carney opens his mouth....
If Carney voice concern about the deteriorating relationship with the government, then this would be the worst outcome for the pound in my view, as the last thing as already Brexit-frazzled forex market needs now is discord between the UK authorities. it could also make it more likely that Carney will quit his post in 2018, right in the middle of the UK's Brexit negotiations.
Its not about the money, its about the game, the game between people.
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