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Cable Update (GBPUSD)

  • #447,921
  • Jan 25, 2017 4:53pm Jan 25, 2017 4:53pm
Quoting Mr Breakout
{quote} Thanks. I learned a long time ago (and the hard way of course), that arguing with the market is totally insane. If a trader have a bullish view but the market is clearly going down then he/she needs to quickly react to that new reality or he is history. Fortunes have been lost because traders refused to accept reality, simple as that.
I like this - great post!
  • #447,922
  • Jan 25, 2017 5:05pm Jan 25, 2017 5:05pm
Quoting Mr Breakout
{quote} Yes I know, I was talking in general.
Never hold onto a loser . Even if you have . Let's say 5 goes at a tl or Sr or where one thinks price is moving if you keep at it with strict stops you will be in a trade that should make up the losers ! Some times you get it right 1st time and with balls you can make a big win ££££ E out
  • #447,923
  • Jan 25, 2017 5:07pm Jan 25, 2017 5:07pm
Quoting Bones
most people look at this way but apparently there's no right way to do things its ok to do 10,000 hours screen time and have your own way against the 100s of years of known information {image}
What like the Earth being flat?
  • #447,924
  • Jan 25, 2017 5:07pm Jan 25, 2017 5:07pm
Quoting elbert3
{quote} Never hold onto a loser . Even if you have . Let's say 5 goes at a tl or Sr or where one thinks price is moving if you keep at it with strict stops you will be in a trade that should make up the losers ! Some times you get it right 1st time and with balls you can make a big win E out
strange set up on 5 min again at a red line ? Might have to stay up a bit longer ?????
  • #447,925
  • Jan 25, 2017 5:42pm Jan 25, 2017 5:42pm
shhh don't say that most people in this thread think its round ...
what it is
they starting walking for just under 8 thousand miles north
then ended up at the same location
they don't realise their campus was faulty
they walked in a big circle


Quoting Nala66
{quote} What like the Earth being flat?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,926
  • Jan 25, 2017 5:56pm Jan 25, 2017 5:56pm
#GBPUSD so far pound is the strongest USD pair I'm trading.....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 1-26-17.png Size: 113 KB
"W. D. Gann said that time is the most important factor among all things."
  • #447,927
  • Jan 25, 2017 6:07pm Jan 25, 2017 6:07pm
the great trade off
Nala's textual system 'goes here'
V
'Bonesometer 'software

Quoting Bones
I could remove all my notes my wild lines add a few cryptic notes and boxes,chuck in a few ticks like its done it not say anything then im mystic {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1 USD (DFB).png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,928
  • Jan 25, 2017 6:16pm Jan 25, 2017 6:16pm
Quoting Mr Breakout
Short GBP/NZD at 1.7300, 35 pip stop.
Closed position at same price, GBP/NZD in consolidation mode at the moment.
  • #447,929
  • Jan 25, 2017 6:18pm Jan 25, 2017 6:18pm
1.267x before NY open.
  • #447,930
  • Jan 25, 2017 6:27pm Jan 25, 2017 6:27pm
Long GBP/NZD 1.7310, 35 pip stop.
Scary counter-trend move...
  • #447,931
  • Jan 25, 2017 6:42pm Jan 25, 2017 6:42pm
Plenty of action for tomorrow Thursday Jan. 26:
UK GDP (4:30 AM EST), US Trade Balance (8:30 AM), Japanese CPI (6:30 PM) plus other financial reports of medium importance.

That's good for us day traders, because that means bigger intraday range.
  • #447,932
  • Jan 25, 2017 6:56pm Jan 25, 2017 6:56pm
Quoting USDollar
#GBPUSD so far pound is the strongest USD pair I'm trading..... {image}
No so far the winning horse is the GBP/CAD, almost 1000 pips in 10 days, with no weird reversals along the way, just well behaved and short lived pullbacks..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.png Size: 176 KB
  • #447,933
  • Jan 25, 2017 7:00pm Jan 25, 2017 7:00pm
Quoting Mr Breakout
{quote} No so far the winning horse is the GBP/CAD, almost 1000 pips in 10 days, with no weird reversals along the way.
Wow that's a home run Mr Breakout! Congrats on an awesome trade!
"W. D. Gann said that time is the most important factor among all things."
  • #447,934
  • Jan 25, 2017 7:04pm Jan 25, 2017 7:04pm
Quoting USDollar
{quote} Wow that's a home run Mr Breakout! Congrats on an awesome trade!
No no I am just saying, I did not trade the GBP/CAD (too busy watching GBP/USD).
  • #447,935
  • Jan 25, 2017 7:05pm Jan 25, 2017 7:05pm
Quoting Mr Breakout
Long GBP/NZD 1.7310, 35 pip stop. Scary counter-trend move...
Looks like GBP/NZD is trying to close the gap.
  • #447,936
  • Jan 25, 2017 7:13pm Jan 25, 2017 7:13pm
Anyway I am out at 1.7350 (+40 pips), that leaves me with a 20 pip profit total on that GBP/NZD position (-50 + 30 + 40).
Oh well, it's definitely better than slipping on a banana peel.
  • #447,937
  • Jan 25, 2017 7:30pm Jan 25, 2017 7:30pm
Best performance for Pound, hit 6 weeks high. Once 1.2650 windows open, next target will be 1.2700/50 zone.
  • #447,938
  • Jan 25, 2017 8:16pm Jan 25, 2017 8:16pm
Quoting csc2009
Best performance for Pound, hit 6 weeks high. Once 1.2650 windows open, next target will be 1.2700/50 zone.
Yes, but the upside potential is seriously limited, look at all that heavy resistance ahead, around 1.2700.

Breaking through that zone is going to be worse than breaking through a Gestapo checkpoint, to say the least...
Attached Image (click to enlarge)
Click to Enlarge Name: pound_res.png Size: 230 KB
  • #447,939
  • Edited 9:34pm Jan 25, 2017 9:22pm | Edited 9:34pm
Quoting Fader123
If you are looking at trading news releases there is https://www.fasteconomicnews.com/ bit pricey though
I've heard that FX brokers can close your account (and keep your winnings) if you use that type of software to outsmart them.
Remember, legally you are not allowed to use any kind of software to cheat on your broker.
Also, keep in mind that brokers have all kind of software that automatically detect suspicious activities, especially if you suddenly start winning "too often" around news events...
  • #447,940
  • Jan 25, 2017 9:41pm Jan 25, 2017 9:41pm
looks like the whole UK saga is settling...
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