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GBPJPY scalpers

  • #1,641
  • Mar 31, 2008 5:19pm Mar 31, 2008 5:19pm
The EURUSD has been going south all afternoon! I'm short EURGBP and the GBPUSD.

Every time I short the EU it bites me. I only go long the EU!
Trade what you see - Not what you think
  • #1,642
  • Mar 31, 2008 5:19pm Mar 31, 2008 5:19pm
I am short at 198.12

Good grief what am I doing?

LOL
  • #1,643
  • Mar 31, 2008 5:22pm Mar 31, 2008 5:22pm
GJ 5 M. Range is narrowing. A poss breakout soon.
IMO too many mixed signals to find a definate entry.
Quick scalps only at this point.
Be patient...
Damo.
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where thought goes energy flows
  • #1,644
  • Mar 31, 2008 5:23pm Mar 31, 2008 5:23pm
I like the 198.15 holding and if you consider the UJ capping out at 100 and the GBP weak it may work in your favor. I'm nervous for you!

Quoting dk143wvc
I am short at 198.12

Good grief what am I doing?

LOL
Trade what you see - Not what you think
  • #1,645
  • Mar 31, 2008 5:24pm Mar 31, 2008 5:24pm
Don't be nervous~
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Trade what you see - Not what you think
  • #1,646
  • Mar 31, 2008 6:01pm Mar 31, 2008 6:01pm
Quoting summitfx
The EURUSD has been going south all afternoon! I'm short EURGBP and the GBPUSD.

Every time I short the EU it bites me. I only go long the EU!
I bailed on the EUR/GBP with a pip or two loss.
  • #1,647
  • Mar 31, 2008 6:04pm Mar 31, 2008 6:04pm
I came out good on that trade~Net of 14 pips with a double payout it was A-OK! The Tankan report should get things moving with JPY pairs.

Quoting rrram2
I bailed on the EUR/GBP with a pip or two loss.
Trade what you see - Not what you think
  • #1,648
  • Mar 31, 2008 6:06pm Mar 31, 2008 6:06pm
EU bounced off S1 4x and moved higher! Missed it~

Quoting rrram2
I bailed on the EUR/GBP with a pip or two loss.
Trade what you see - Not what you think
  • #1,649
  • Mar 31, 2008 6:32pm Mar 31, 2008 6:32pm
eur/gbp is heading towards 80 an maybe 81 by end of this week
  • #1,650
  • Mar 31, 2008 6:44pm Mar 31, 2008 6:44pm
Who told you that?

Quoting sharon_gpl
eur/gbp is heading towards 80 an maybe 81 by end of this week
Trade what you see - Not what you think
  • #1,651
  • Mar 31, 2008 6:52pm Mar 31, 2008 6:52pm
Econ release: Tankan Large Manufactuers Index 1Q 11 vs 13 exp 19 prior, Takan Large Manufacturing Outlook 1Q 7 vs 9 exp 15 prior , Tankan Non-Manufacturing 1Q 12 vs 12 exp 16 prior, Tankan Non-Manufacturing Outlook 1Q 13 vs 10 exp 15 prior, Tankan Large All Indexst capex 1Q -1.6% vs 0.1% exp 10.5% prior
  • #1,652
  • Mar 31, 2008 6:54pm Mar 31, 2008 6:54pm
Who told me that???? My own analysis.
  • #1,653
  • Mar 31, 2008 7:39pm Mar 31, 2008 7:39pm
Does anyone see a valid double top on the 4 hour chart?
All that is left in FF is just plain garbage. "Cloggie"
  • #1,654
  • Mar 31, 2008 7:45pm Mar 31, 2008 7:45pm
Despite the inicial north spike, I really believe the bad news to Japan wont be sufficient to make GBP go up.I still can see it going south.
  • #1,655
  • Mar 31, 2008 7:46pm Mar 31, 2008 7:46pm
There is a double top , however the last 4 hour candle was an inside bar.

After a down trend ( even a few candles) this is a bullish sign .

I have been trying to scalp this bad boy off a 2 min , but keep setting entry targets to high or low and missing the moves.

MACD 12.26.9 and rsi 14 works well for scalping 2 min
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  • #1,656
  • Mar 31, 2008 7:47pm Mar 31, 2008 7:47pm
I see money with a break out of the triangle.......
  • #1,657
  • Mar 31, 2008 7:53pm Mar 31, 2008 7:53pm
Quoting malcolmb14
There is a double top , however the last 4 hour candle was an inside bar.

After a down trend ( even a few candles) this is a bullish sign .

I have been trying to scalp this bad boy off a 2 min , but keep setting entry targets to high or low and missing the moves.

MACD 12.26.9 and rsi 14 works well for scalping 2 min
Hi Malcolm,

What are the rules for entry/exit? Are you using e-signal with rapid RSI?

Alex
  • #1,658
  • Mar 31, 2008 7:55pm Mar 31, 2008 7:55pm
I stink at trying to post my charts...but on the four hour I have a 38.2 line at 198.48 from the high of the 12th and the low of the 17th.

Am I seeing that right? I drew a support line going up from the low of the 17th....

I am just waiting for a break out either way...am I seeing this right or has the bad chili gotten to me?
  • #1,659
  • Mar 31, 2008 8:00pm Mar 31, 2008 8:00pm
Quoting A108
Hi Malcolm,

What are the rules for entry/exit? Are you using e-signal with rapid RSI?

Alex

Alex .... 2 min charts

as soon as you see red rsi .... try to get short close to the HIGH or resistance level over a couple of candles. Stop 20 pips

as soon as you see green try to get buy at LOW or support level over a couple of candles.

I will post a chart later

Right now range seem to be 197.7 to 198.15
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  • #1,660
  • Mar 31, 2008 8:05pm Mar 31, 2008 8:05pm
the idea is to wait for the macd to cross before entry

1) rsi trigger
2) macd cross

This is not rapid rsi , but you will get the jist

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