I can hear Asia whisper at me.. LOL
I assume Duke of Dents was joking, and isn't holding GBP/USD long actually anti american and sadly Pro British ??
The problem with that logic is, they both suck sadly, UK's just the 53rd state after all
Held Short pretty much all day for 9pips 24hour and 12hour uptrends still, breaks below 1.8960 and climbing area, then it'll tank and I'll short.
Takes out 1.9000 then I'll jump in long
blinked and missed that Blip
EUR failed to break over 24hour SMA and heading down again, while these 2 differ the moves are generally limited.
I am short for this week.
I believe that GU wont be able to get above 1.9 before testing atleast 1.87xx
Thats what my charts seem to say. I am holding a short started at 1.8967.
I am going to be looking to sell all major bull moves.
No i don't think so. GU will go up and will reverse tommorow or on wednesday.
Ok, what ever it is, we will see.. and goodluck.
Trying to predict long term to me is gambling, no way to predict just react to what is happening live.
Atleast the moment, wish I could make money from a sideways position
Still slight uptrend here, well over 24hour SMA vaguely so means hold Long to me, Eur starting to follow suite.
I think this week is very slow moving for gbp/usd because of US public holiday.. but i still go long until the price hit my TP @ 1.9030
Stupidly slow isn't it, keeps bouncing off the 24hour SMA. Eur still Downtrending so no ones got a clue direction wise yet.
Ohhh well next rich next week
Tempted to go Long here, reason being Eur in a uptrend price area, could create GPB buying.
Took eerrrrr 1 pip from that trade, looked possibly for abit, but no it's just dead this week.
Whats the deal?! Cable is just stalling out, I entered a Long trade last night thinking it would go up at least a little, but nothing. Anyone know what exactly Cable is waiting on?
liquidity is think right now due to the holidays coming up next fundamental data is coming out tommorrow morning, this is gonna be choppy range bound trading unless and until something big happens most large players and hedge funds are not activley taking on positions right now... not to say that we cant get some movement but the probabilites are low... holiday time is usually low volume the market usually takes off after the holiday, where are u long cable from?
Lack of volatility, holiday markets reinforce tight ranges in the week ahead. So I bet everyone is just out of the market and seeking a directional movement. It's directionless until now so far. Nobody wants to lose in this Zig-Zag..
1 pip is better than a loss, i missed my limits on my demo trade, so i may be tempted by one pip, just to keep my trading record
if it goes back down, target eur/usd 1.2810, gbp/usd 1.8970 for one pip
though they both went well into profit 10 pips each i would call that a success for a newbie in this market, thanks, thanksgiving! bored!
This is easy to trade
It is easy to trade GBP this way...
15 minute chart... just trade between the bollinger bands...
made lots of pips the last couple of days just doing that !!
What parameters do u use on bollinger bands?
my live trading plan for this week is not to trade live, the week and the charts didnt fit my trading strategy. So i decided to demo trade and practice trading during low volumes and quiet times, just getting a few pips here and there, very short term trades
i placed a short for the eur/usd @ 1.2820 and gbp/usd @ 1.2980
they both went into profit, but decided there was a good chance they would continue and would close when the eur/usd was close to 1.2800, obviously i misread the signals, can you guys give me some guidance on my mistake or what signal i missed in the charts please.
U didnt do anthing wrong its just the current price action thats not good, u did the right thing in not trading live this week, this would have saved me as well, the euro is range bound a good place to short it is near resistance up at 2840 to 2850 after that 2880 with stops above 2900, they key is u want price to really work its ass off to prove u wrong, for example anyone with a stop within the range is pretty much dead unless they take quick profit im more of a swing trader and i thrive on 300 or 400 point moves i havent developed a model yet to trade ranges and insane choppy volitility..
Guess I shoulda been buying bounces off the 5min 288SMA ( 24hour ) line, but 15 - 20 pips after spread really isn't what I'm after, mainly a keep holding too long waiting for something big to develop.
When is Thanksgiving Day exactly ??
GBP and EUR both in very mild uptrend, but not taking a position over night here.
© Forex Factory