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Cable Update (GBPUSD)

  • #448,521
  • Jan 31, 2017 12:42am Jan 31, 2017 12:42am
Inserted Video
  • #448,522
  • Jan 31, 2017 12:52am Jan 31, 2017 12:52am
I cant help but notice that 1.2340/45 looks like a sneaky support, and its far away now, I like that....I think I will go on it for a scalp if we reach...
Look Sharp/Trade Tight
  • #448,523
  • Jan 31, 2017 12:58am Jan 31, 2017 12:58am
lol, look how thin it is...
Look Sharp/Trade Tight
  • #448,524
  • Jan 31, 2017 12:59am Jan 31, 2017 12:59am
German retail sales numbers are currently causing some disturbances.
Easy boy, easy...
  • #448,525
  • Jan 31, 2017 1:11am Jan 31, 2017 1:11am
Quoting PayTheLimit
....I think I will go on it for a scalp if we reach...
Scalping, really?

I thought you were a swing trader
  • #448,526
  • Jan 31, 2017 1:13am Jan 31, 2017 1:13am
Quoting Mr Breakout
{quote} Scalping, really? I thought you were a swing trader
not lately I'm not...
Look Sharp/Trade Tight
  • #448,527
  • Jan 31, 2017 1:19am Jan 31, 2017 1:19am
17/01/31 TUESDAY 08:11+1GMT
EARLY MORNING REPORT
Ubi maior minor cessat
  • #448,528
  • Jan 31, 2017 1:19am Jan 31, 2017 1:19am
Quoting PayTheLimit
{quote} not lately I'm not...
Oh I see.

It's better to eat an egg now, for sure, than a chicken tomorrow, maybe, like they say...

Waiting for the 1.2517 pullback to go short.
  • #448,529
  • Jan 31, 2017 1:22am Jan 31, 2017 1:22am
Quoting Mr Breakout
{quote} Oh I see. It's better to eat an egg now, for sure, than a chicken tomorrow, maybe.
lol..bored sitting in trades for ever lately...I mix it up..just like my levels...I mix them up too
Look Sharp/Trade Tight
  • #448,530
  • Jan 31, 2017 1:28am Jan 31, 2017 1:28am
Quoting PayTheLimit
{quote} lol..bored sitting in trades for ever lately...I mix it up..just like my levels...I mix them up too
Again you have no reason to be bored, there are 28 currency pairs to choose from, don't limit yourself to the cable only, search for your trading setup on the other 27 pairs too, something is always up somewhere...
  • #448,531
  • Jan 31, 2017 1:30am Jan 31, 2017 1:30am
Quoting Mr Breakout
{quote} Again you have no reason to be bored, there are 28 currency pairs to choose from, don't limit yourself to the cable only, search for your trading setup on the other 27 pairs too, something is always up somewhere...
did we not go over this yesterday, I'm not following 27/28 pairs, and I want to trade less..I follow six mostly...but only three today...
Look Sharp/Trade Tight
  • #448,532
  • Jan 31, 2017 1:35am Jan 31, 2017 1:35am
Quoting PayTheLimit
.I follow six mostly...
No wonder you get bored then.

Anyway, every trader has his own trading style, if following just 6 pairs suits you then so be it, the most important thing is to make money at the end of the month, the rest is just conversation.
  • #448,533
  • Jan 31, 2017 1:37am Jan 31, 2017 1:37am
Quoting Mr Breakout
{quote} No wonder you get bored then. Anyway, every trader has his own trading style, if following just 6 pairs suits you then so be it, the most important thing is to make money at the end of the month, the rest is just conversation.
Exactamoundo
Look Sharp/Trade Tight
  • #448,534
  • Jan 31, 2017 1:39am Jan 31, 2017 1:39am
I'm of the opinion that there are only a few good trades a week. I don't know why. Its just something that I have grown to believe lately.
Look Sharp/Trade Tight
  • #448,535
  • Jan 31, 2017 1:46am Jan 31, 2017 1:46am
not sure what data right ideally for bulls it slows ,weekly open is a slight concern
datas been good BOE on thur

Quoting EASport
Maybe a test of the last trendline breakout is possible and then again up to higher channel line, see example in my picture link https://www.mql5.com/en/charts/65028...tional-limited
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-d1-alpari-international-limited.png Size: 146 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,536
  • Jan 31, 2017 1:47am Jan 31, 2017 1:47am
Quoting PayTheLimit
I'm of the opinion that there are only a few good trades a week.
As a day trader I can assure you there are good trading opportunities every single day.

I will start my own Trading Journal soon, just to illustrate this point.
  • #448,537
  • Jan 31, 2017 1:47am Jan 31, 2017 1:47am
BOE isnt all that independent tow the line ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,538
  • Jan 31, 2017 1:50am Jan 31, 2017 1:50am
Quoting Mr Breakout
{quote} As a day trader I can assure you there are good trading opportunities every single day.
sure, opportunities yes...but there are only a few good levels, a few good trendlines, or a few good patterns....the ones with the killer R/R, the ones with little or no drawdown...the premium trades....
Look Sharp/Trade Tight
  • #448,539
  • Jan 31, 2017 1:51am Jan 31, 2017 1:51am
Quoting Mr Breakout
{quote} Not quite yet I am afraid, the cable is probably going to test 1.2520 for the last time before dropping like a stone (hopefully). This is just my opinion folks, don't try this at home like they say on TV
still holding, an attempt to break 2465 will show if the bears are in the market
  • #448,540
  • Jan 31, 2017 1:58am Jan 31, 2017 1:58am
Quoting PayTheLimit
{quote} sure, opportunities yes...but there are only a few good levels, a few good trendlines, or a few good patterns....the ones with the killer R/R, the ones with little or no drawdown...the premium trades....
Absolutely.

Each day-trading day is like a day at the racetrack, you have 28 horses (currency pairs) per race and your challenge is to find the winning horse for each race!
Not only that but you have to determine which race (horse) will pay you more so that you can concentrate and bet heavily on that one big winner.
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