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:: Cable (GBPUSD) Trend Trading ::

  • #561
  • May 21, 2007 8:20am May 21, 2007 8:20am
Quoting smsfx
why oh why. how about gbp/usd now...please help me..
Nice first post, not. Do nothing.
Do not focus on making money; focus on protecting what you have.
  • #562
  • May 21, 2007 8:31am May 21, 2007 8:31am
A better day tomorrow. 500 pip loss closed today and another just from death's door. See you all in about 14 hours.
Do not focus on making money; focus on protecting what you have.
  • #563
  • May 21, 2007 8:40am May 21, 2007 8:40am
Quoting Why Oh Why
A better day tomorrow. 500 pip loss closed today and another just from death's door. See you all in about 14 hours.
A better day for all hopefully, but thanks for sharing the downs as well as the ups.
  • #564
  • May 21, 2007 9:05am May 21, 2007 9:05am
Quoting proctorforex
A better day for all hopefully, but thanks for sharing the downs as well as the ups.
It is tougher than I anticipated PF. But at least everyone knows here the figures are accurate. But let's see if I can make a profit. See you tomorrow.
Do not focus on making money; focus on protecting what you have.
  • #565
  • May 21, 2007 9:14am May 21, 2007 9:14am
Quoting Why Oh Why
A better day tomorrow. 500 pip loss closed today and another just from death's door. See you all in about 14 hours.
A tough day for you, but as I write, it is above the 700 level again, so lets hope it stays that way and doesn´t decide to visit the support in the 9660 area!

I´ve only got 1/4 of my normal position open so far, waiting for confirmation that it is heading up - time for a sundowner!
Trading Levels with WRBs
  • #566
  • May 21, 2007 9:16am May 21, 2007 9:16am
Quoting Islander
A tough day for you, but as I write, it is above the 700 level again, so lets hope it stays that way and doesn´t decide to visit the support in the 9660 area! I´ve only got 1/4 of my normal position open so far, waiting for confirmation that it is heading up - time for a sundowner!
Yeah mate. Agreed. See you in the morning. TTFN.
Do not focus on making money; focus on protecting what you have.
  • #567
  • May 21, 2007 10:07pm May 21, 2007 10:07pm
Quoting Why Oh Why
1.9755 Buy Limit #12 still open. Last 1.9705.
And an open loss currently of 43 pips on each of 5 long. Last 1.9713.
Do not focus on making money; focus on protecting what you have.
  • #568
  • May 21, 2007 10:42pm May 21, 2007 10:42pm
Up near them again with today's range so far being 16 pips.
Do not focus on making money; focus on protecting what you have.
  • #569
  • Edited 10:53pm May 21, 2007 10:43pm | Edited 10:53pm
Had a look at a COT site that showed commercial traders were still long the dollar index and short both GBP and EUR. If there is more downside to come 50% fib from move up early Mar and 100 day ema comes in at .9660.

On the 4hr chart I don't see anything that suggests a break of the recent lower highs lower lows.

Islander did mention that .9660 area also.
  • #570
  • May 21, 2007 10:47pm May 21, 2007 10:47pm
Quoting Vantage
Had a look at a COT site that showed commercial traders were still long the dollar index and short both GBP and EUR. If there is more downside to come 50% fib from move up early Mar and 100 day ema comes in at .9660.
More shortly.
Do not focus on making money; focus on protecting what you have.
  • #571
  • May 21, 2007 10:56pm May 21, 2007 10:56pm
Good morning WOW,

Creeping up so far today. My SL is below the stop hunting 85/15 performance that sometimes happens and at 1.9671.

Been studying and very interested in the stochastic threads. Charts and indicators all tanked up and and raring to go!!

Good luck to all
  • #572
  • May 21, 2007 11:00pm May 21, 2007 11:00pm
Sentiment remains mixed but the USD does seem to be gaining a few more friends recently. The factored in August hike is out there so any inkling that this is in doubt will probably see a cleaning out in a market which is significantly long GBP against the USD, JPY and CHF. I may go long below market after breakfast with a Sell Stop to meet it. Still looking. Last 1.9714.
Do not focus on making money; focus on protecting what you have.
  • #573
  • May 21, 2007 11:03pm May 21, 2007 11:03pm
Quoting Navigator
Good morning WOW. Creeping up so far today. My SL is below the stop hunting 85/15 performance that sometimes happens and at 1.9671. Good luck to all
Mine is at 1.9655. And good morning to you too Sir.
Do not focus on making money; focus on protecting what you have.
  • #574
  • May 21, 2007 11:13pm May 21, 2007 11:13pm
Quoting Why Oh Why
Sentiment remains mixed but the USD does seem to be gaining a few more friends recently. The factored in August hike is out there so any inkling that this is in doubt will probably see a cleaning out in a market which is significantly long GBP against the USD, JPY and CHF. I may go long below market after breakfast with a Sell Stop to meet it. Still looking. Last 1.9714.
Sorry for the nerves of the already long if it comes down but I need a pullback from .9720 before buying. If it just carries on up (we'll see) but I may have missed the boat this morning.
  • #575
  • May 21, 2007 11:21pm May 21, 2007 11:21pm
1.9747 SL 1.9847 TP 1.9647 Last 1.9719. The 30-min RSI & the pair are capped by declining trend lines. And I'll put the Buy Limit in later around 1.966. I will scale out and to save my long we need my TP here to fall short. Breakfast now. Catch you later. Have a great day.

http://www.tradingcentral.com/chart/...0522075555.GIF

Do not focus on making money; focus on protecting what you have.
  • #576
  • May 21, 2007 11:23pm May 21, 2007 11:23pm
Quoting Vantage
Sorry for the nerves of the already long if it comes down but I need a pullback from .9720 before buying. If it just carries on up (we'll see) but I may have missed the boat this morning.
Good luck. See you later. Last 1.9719.
Do not focus on making money; focus on protecting what you have.
  • #577
  • May 21, 2007 11:40pm May 21, 2007 11:40pm
I wasn't expecting that sell order from you this morning. There is also a pivot level at .9744 and a 1.62 fib extension at .9743.
  • #578
  • May 21, 2007 11:45pm May 21, 2007 11:45pm
Good morning all - I´m an early clucker and have just closed my longs for + 35 as its stalled here at 723/25 for more than 30 mins, with 2 dojis on my 5 min and a falling (from very overbought) stochastic. Also, euro´s stalled and swissy´s turned up.

I´m waiting now to see the action at the LO, but with no real data due I guess we´ll get another narrow range day - only 75 pips yesterday http://www.forexfactory.com/images/icons/icon9.gif
Trading Levels with WRBs
  • #579
  • May 21, 2007 11:52pm May 21, 2007 11:52pm
It's struggling just now at the Daliy Camarilla H3 resistance at 1.9725 (on my chart). Quite a bit of volume. Also cautious about the Big Ben effect!!?? London opening in 10 mins. IF it gets through then the next resistance would be around 1.9745 at the Camarilla H4. Breaking that would be a strong probability of a run up.
  • #580
  • May 22, 2007 1:10am May 22, 2007 1:10am
Next push just a little bit harder?
Do not focus on making money; focus on protecting what you have.
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