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Cable Update (GBPUSD)

  • #444,501
  • Oct 26, 2016 5:17am Oct 26, 2016 5:17am
Quoting FXClarity
Pretty much how I'm seeing it - we are right of the downtrend resistance line here {image}

You mean that it will be downward? To where?
  • #444,502
  • Oct 26, 2016 5:19am Oct 26, 2016 5:19am
Quoting Rag2RichesFX
1.2450 at minimum swing account {image}
Rag, is that a micro account? Nice positioning!
  • #444,503
  • Oct 26, 2016 5:30am Oct 26, 2016 5:30am
hi guys
I am new here. GBP made me lost 6K and now I am trying to recover.
I have a 2 short position at 1.2192 and 1.2087 with SL 1.2270. any chances of seeing 1.2000 today or at least 1.2050 before reaching 1.2270

Thanks very much
  • #444,504
  • Oct 26, 2016 5:33am Oct 26, 2016 5:33am
Quoting koreapas
{quote} You mean that it will be downward? To where?
I see it as consolidation pre breakup but then I'm trading it from the long side and taking entries accordingly.

For me, the 240 min chart has triggered a 'Buy' and I'm feathering in Longs. - If it drops below 1.2155 I will add in to Longs

For example, if my entries were where RagstoRiches has placed his (excellent execution there) - I would probably cover here as there are sellers residing here but that is just my method as I scale in and out and lever up and down. I'm not an 'all in or all out trader' - its okay to 'build a position' over time.

I look for a swing and attempt to time entries in and out to scalp and position the direction I favour.

For example "Ill-b-back" has / is trading it short when I last looked - I'm sure he (?) is doing much the same as me in the opposite direction.

I'm not sure that answers your question because for me trading is mapping the territory through several timeframes and usually 240minute for swings and down to 30 minute for scalps
  • #444,505
  • Edited 6:22am Oct 26, 2016 5:51am | Edited 6:22am
Quoting Hero35
hi guys I am new here. GBP made me lost 6K and now I am trying to recover. I have a 2 short position at 1.2192 and 1.2087 with SL 1.2270. any chances of seeing 1.2000 today or at least 1.2050 before reaching 1.2270 Thanks very much
Personally my preference is to stay long at least to 123 250 but these days
opinions pretty much mean jack nada
especially on this pair.

2 trades at 122 and
1 trade at 121 010

Long positions.
  • #444,506
  • Oct 26, 2016 6:22am Oct 26, 2016 6:22am
It still below D1 trendline.
Wait if it can break and close above 1.2250.
Don't trust me. I'm still newbie
  • #444,507
  • Oct 26, 2016 6:51am Oct 26, 2016 6:51am
Quoting FXClarity
{quote} I see it as consolidation pre breakup but then I'm trading it from the long side and taking entries accordingly. For me, the 240 min chart has triggered a 'Buy' and I'm feathering in Longs. - If it drops below 1.2155 I will add in to Longs For example, if my entries were where RagstoRiches has placed his (excellent execution there) - I would probably cover here as there are sellers residing here but that is just my method as I scale in and out and lever up and down. I'm not an 'all in or all out trader' - its okay to 'build a position' over...


Thanks for your answer. I already have a short position to 21500.

Good luck friend!
  • #444,508
  • Oct 26, 2016 7:18am Oct 26, 2016 7:18am
Quoting koreapas
{quote} Thanks for your answer. I already have a short position to 21500. Good luck friend!
If you've shorted off 1.2210, you are in the major supply zone at trendline resistance so you'll have plenty of company.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 70 KB
  • #444,509
  • Oct 26, 2016 7:21am Oct 26, 2016 7:21am
Quoting FXClarity
Pretty much how I'm seeing it - we are right of the downtrend resistance line here {image}
A resumption of bearish drive is setting up
  • #444,510
  • Oct 26, 2016 7:32am Oct 26, 2016 7:32am
Quoting yuddy
{quote} A resumption of bearish drive is setting up
That would be good, I'd like to add in to Longs
  • #444,511
  • Oct 26, 2016 8:03am Oct 26, 2016 8:03am
Watch this video below. How can it help you trade better? Note, I have no commercial relationship with the presenter or his group.

KP

Inserted Video
Do your homework, follow the footprints of smart money
  • #444,512
  • Oct 26, 2016 9:21am Oct 26, 2016 9:21am
Quoting dean1star
{quote} Sorry to hear that BG ..
Thanks. Was just my ego no worries. Just demo. Still. You think you know... you think you know... then bamm...
Welcome to reality.
Demo only
  • #444,513
  • Edited 10:55am Oct 26, 2016 10:15am | Edited 10:55am
what we got is super side situ jpy easiest to see

going forward monthly tf's an inflation problem that will continue to halt IR lowering/ QE rising , also anti QE- PM
political V number drivers

Carney sends pound rebounding as he says markets 'mistaken' to be so gloomy on Article 50
http://www.telegraph.co.uk/business/...3-as-mark-car/
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 JPY (DFB).png Size: 28 KB
Click to Enlarge Name: 1 close JPY (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #444,514
  • Oct 26, 2016 12:20pm Oct 26, 2016 12:20pm
GU Long 1.2230 Target 1.2270
Just 20 pips a day to riches
  • #444,515
  • Oct 26, 2016 12:43pm Oct 26, 2016 12:43pm
sell gbpusd
  • #444,516
  • Oct 26, 2016 1:07pm Oct 26, 2016 1:07pm
Quoting FastPipn
GU Long 1.2230 Target 1.2270
GU Long at 1.2225 & 1.2228 TP around 1.2268
  • #444,517
  • Oct 26, 2016 1:15pm Oct 26, 2016 1:15pm
Opened sell @1.2235-38 SL at 1.2254 TP 1.2185
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #444,518
  • Oct 26, 2016 1:20pm Oct 26, 2016 1:20pm
122 500 target to close longs for 240 pips maybe push it to 122 750 take 300 pips plus some change .. 3 longs open see how asia play it.
  • #444,519
  • Edited 4:02pm Oct 26, 2016 3:52pm | Edited 4:02pm
It does not matter if you want a short or Long.

Its simply about: Dont get caught !!

Just do it.. !!

Attached Image (click to enlarge)
Click to Enlarge Name: gbp1.jpg Size: 58 KB
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  • #444,520
  • Edited 4:21pm Oct 26, 2016 4:08pm | Edited 4:21pm
Quoting thewindow
{quote} I trade technical, but for now lets go fundamental. What amount of people? Everyone is short. The herd is short. I am long from 1.20 zone+, so quite happy here at 1.23 zone anyway. Even if we hit 1.10 I'll be buying xxx I am holding long. I traded the last crash in 08/09, and heard this same shit before. If I'm wrong, then it's my money gets added to yours, if right, I take your money and enjoy (thanks Goldman Sachs (just like when Oil was 40 and you said 20 lol), but your're wrong this time against Bank of America, JP Morgan , Morgan Stanley... Some things you forget from history:
1st F**k the Germans
2nd F**k the French
3rd F**k the Euro

Where are you ? Lamethard ?? Are you still long ??

First learn to behave in a Forum, then learn to trade and then please post a chart that backs your opinion

ps. Btw. Be careful. The Russians are nearby. Go and climb onto the highest tree (a LONG one) that you can
find and stay there. Please.

Greets.
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