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GBPUSD

  • #841
  • Sep 26, 2006 7:47am Sep 26, 2006 7:47am
Quoting arthurlord
I suppose it will reach the 1st aim within 3 days from now on.If you have shorted GBPUSD, hold it.

Now, I think you can also consider to add more Short position around 1.8975. Set Stop Loss at 1.90 if it go up it. If you open position in a small size, you can also ignore Stop Loss, and hold it to the 1st aim.
I got about 8 lots opened up at 9016 so I am in good profit right now...I set my TP to about 8927...are you saying i should set it lower....Maybe I will open another 2-4 lots and let it ride lower. If you believe it is really going to go that low by friday, poppa will have a new car by monday
Nothing is hard, some things just take more time and discipline.
  • #842
  • Sep 26, 2006 8:49am Sep 26, 2006 8:49am
Quoting NipthePips
I got about 8 lots opened up at 9016 so I am in good profit right now...I set my TP to about 8927...are you saying i should set it lower....Maybe I will open another 2-4 lots and let it ride lower. If you believe it is really going to go that low by friday, poppa will have a new car by monday
This is what I see near term.
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  • #843
  • Sep 26, 2006 8:52am Sep 26, 2006 8:52am
Summit,
What did you apply the 21 RSI to? Open, Close First Ind Dats, Previous, etc...? I don't have that steep of lines on mine.
Thanks for your help.
  • #844
  • Sep 26, 2006 10:03am Sep 26, 2006 10:03am
I like your TL's very much (in green.) But could not a case be made for a descent to the blue rectangle.

US consumer confidence might be enough to adjust the $$ higher against GBP and EUR?? Just asking for your opinion.

Regards, Kevin

http://picnac.com/images/7781gbp-usd-4hr-26sep06.gif
  • #845
  • Edited 11:24am Sep 26, 2006 10:07am | Edited 11:24am
Blue area should hold the slide, imho
bias long, trend is up.
Quoting Kev-K
I like your TL's very much (in green.) But could not a case be made for a descent to the blue rectangle.

US consumer confidence might be enough to adjust the $$ higher against GBP and EUR?? Just asking for your opinion.

Regards, Kevin
  • #846
  • Sep 26, 2006 10:41am Sep 26, 2006 10:41am
Probably nothing that has not been looked at before (many, many times.) But, it was interesting for me (a newbie.)

The pale blue TL on RSI8/21 broke much earlier than did Price (and MACD.)

Regards, Kev-K

http://picnac.com/images/2222gbp-usd-1hr-26sep06-tl.gif
  • #847
  • Sep 26, 2006 3:03pm Sep 26, 2006 3:03pm
So, finally, who is long and who is short the pair???

Personally, I am short since it broke the 1.8950 today...


Thanks,

Nader
  • #848
  • Sep 26, 2006 3:46pm Sep 26, 2006 3:46pm
i'm short from 1.8974 should be fine to 1.8900
GOD IS NOT SHORT OF CASH
  • #849
  • Sep 26, 2006 5:34pm Sep 26, 2006 5:34pm
short from 1.9037
  • #850
  • Sep 26, 2006 6:33pm Sep 26, 2006 6:33pm
  •  Carlos
  • | Joined Sep 2005 | Status: Commitment, planning and discipline | 65 Posts
Yup i also would have shorted from just below 1.9020.... But i got another entry from my breakout system at 1.8971... fingers crossed fellas.. lets hope the data tomorrow helps our trades on the way............

Happy trading!!
  • #851
  • Sep 27, 2006 6:01am Sep 27, 2006 6:01am
Beautiful
A walk through your set up would be an honour.
One Land One king

Swami S

Quoting arthurlord
My Opened Position Price was at 1.9062.

You can also see my tracing Stop Loss Setting at 1.8939, and Take Profit Setting at 1.8872 for the 1st AIM there.
GOD IS NOT SHORT OF CASH
  • #852
  • Sep 27, 2006 9:07am Sep 27, 2006 9:07am
The US New Home Sales is better-than-expected. Today's trend is clearly Bearish for GBP/USD... Hurry up and caught up with the trend guys...Have a nice trading...
Hello World
  • #853
  • Sep 27, 2006 9:43am Sep 27, 2006 9:43am
My current take on the GBP-USD pair . . . and it's TL (for it may be worth . . . or not worth.) Of course, I could be wrong . . . I am still learning

Short at 1.90'ish.

Regards to all! Kev-K


Note: the pale magenta line is taken form the daily chart.


http://picnac.com/images/7596gbp-usd...7sep06-tl2.gif
  • #854
  • Sep 27, 2006 10:47am Sep 27, 2006 10:47am
Quoting Kev-K
My current take on the GBP-USD pair . . . and it's TL (for it may be worth . . . or not worth.) Of course, I could be wrong . . . I am still learning

Short at 1.90'ish.

Regards to all! Kev-K


Note: the pale magenta line is taken form the daily chart.


http://picnac.com/images/7596gbp-usd...7sep06-tl2.gif
If your makin' money, It ain't wrong
Profit is where readiness meets Opportunity
  • #855
  • Sep 29, 2006 3:45am Sep 29, 2006 3:45am
I suppose it is time prepare Taking Profit.

Close all Short position of GBPUSD!

Go to weekends, to relax, with your family, lover, and friends.

Resting, Waiting are the BEST instrument.

Let's call it a good week.

Cheer !!!
  • #856
  • Sep 29, 2006 4:06am Sep 29, 2006 4:06am
Quoting arthurlord
I suppose it is time prepare Taking Profit.

Close all Short position of GBPUSD!

Go to weekends, to relax, with your family, lover, and friends.

Resting, Waiting are the BEST instrument.

Let's call it a good week.

Cheer !!!
got 62 pips awesome !!
BECAUSE I CAN !
  • #857
  • Sep 29, 2006 10:38am Sep 29, 2006 10:38am
Quoting YasirYar
got 62 pips awesome !!
Not too bad.

I had indicated this pairs trend with explicit aimed price since this Monday. If you followed my advice from this Monday, you may earn at least 400 pips.

Anyway, you had earned money. It is a good news.

Link Removed

Happy trading.
  • #858
  • Sep 29, 2006 10:49am Sep 29, 2006 10:49am
Short EUR/USD at 1.2715 with target 1.2640.

Support = 1.2608,1.2570,1.2494


Enjoy your trading ...

Happy go lucky!
  • #859
  • Sep 29, 2006 12:44pm Sep 29, 2006 12:44pm
Quoting arthurlord
I suppose it is time prepare Taking Profit.

Close all Short position of GBPUSD!

Go to weekends, to relax, with your family, lover, and friends.

Resting, Waiting are the BEST instrument.

Let's call it a good week.

Cheer !!!
...nice...got 250 pips this week!
  • #860
  • Edited 3:05pm Sep 29, 2006 2:19pm | Edited 3:05pm
Isn't the following pic of a double doji today a sign that the drop will continue ? This is from today's 1H carts at fxsol. Seems like a pretty good indication to me since the high/low/open/close was exactly the same for the 2 hours. OR Then again maybe its signalling a larger move back up.....but I'm prone to say its a pause in the up before a larger fall to the downside....we'll see.
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