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Cable Update (GBPUSD)

  • #63,941
  • May 2, 2008 8:09am May 2, 2008 8:09am
Understood Lucky, but safest entry would have been the break and close below the low created by the release.

Quoting LuckyLurker
was a classic pullback to the 5m 10ema.. thats where i would of entered had I not already held a position. And now of set stop at BE.
  • #63,942
  • May 2, 2008 8:10am May 2, 2008 8:10am
yep agree with you there, first profitabe non farm for me in almost 4months!!

high one sided risk reward
Trading is 80% Emotional, 20% Technical
  • #63,943
  • May 2, 2008 8:11am May 2, 2008 8:11am
Quoting hard1head1
Understood Lucky, but safest entry would have been the break and close below the low created by the release.
right on
USD Est Non Mortuus
  • #63,944
  • May 2, 2008 8:13am May 2, 2008 8:13am
I am just trying to help the newbys get into a safe trade for NFP, cause I remember when I was with Premier Trade and nobody helped me.

Jim

Quoting LuckyLurker
right on
  • #63,945
  • May 2, 2008 8:14am May 2, 2008 8:14am
Quoting hard1head1
And we'll SEEEEEEEEEEEEYA!!!! Im short at 9768
Good luck! Where is your TP level?
Expected the unexpected
  • #63,946
  • May 2, 2008 8:15am May 2, 2008 8:15am
Quoting hard1head1
Best NF release in a long time
yep free easy pips
Trading is 80% Emotional, 20% Technical
  • #63,947
  • May 2, 2008 8:16am May 2, 2008 8:16am
Here is the pullback Lucky was refering too, Notice how on my 5 Min chart it smacked my 89 Smoothy right on the button. This 89 comes in handy a lot.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 43 KB
  • #63,948
  • May 2, 2008 8:16am May 2, 2008 8:16am
Quoting hard1head1
I am just trying to help the newbys get into a safe trade for NFP, cause I remember when I was with Premier Trade and nobody helped me.

Jim
A safe trade for the NFP is not to trade during the NFP
  • #63,949
  • May 2, 2008 8:17am May 2, 2008 8:17am
Id love to see a test of 9722 right now.. possible slight pull back to 9780, then test of the low.
USD Est Non Mortuus
  • #63,950
  • May 2, 2008 8:19am May 2, 2008 8:19am
Well I missed this...enjoy it folks....I hate going to work during these periods..
  • #63,951
  • May 2, 2008 8:21am May 2, 2008 8:21am
there was the test of 9780.. another good entry point.. moving my stops to 9805 to lock in some pips.
USD Est Non Mortuus
  • #63,952
  • May 2, 2008 8:21am May 2, 2008 8:21am
Quoting LuckyLurker
Id love to see a test of 9722 right now.. possible slight pull back to 9780, then test of the low.
You are so right - it did go back to 80. But it was touch-and-go. Back to 60s again.
Expected the unexpected
  • #63,953
  • May 2, 2008 8:22am May 2, 2008 8:22am
Quoting samiehFX
YOu Can refer you video on youtube and post the link here ....
Thanks
  • #63,954
  • May 2, 2008 8:23am May 2, 2008 8:23am
1.9723... good tp?..where should we get out.. in my opinion till the end of the session we are safe to ride it..
  • #63,955
  • May 2, 2008 8:23am May 2, 2008 8:23am
Quoting LuckyLurker
there was the test of 9780.. another good entry point
Jus gettng my bearings I wudnt have been ready...When I posted I just brought up everything...I had set an order to sell but it I got stopped out so I lost 20 pips...
  • #63,956
  • May 2, 2008 8:23am May 2, 2008 8:23am
Yep almost always will it go back and test that low it had just broken. And it held. We may have a run down here.
  • #63,957
  • May 2, 2008 8:26am May 2, 2008 8:26am
Quoting eye4spot
1.9723... good tp?..where should we get out.. in my opinion till the end of the session we are safe to ride it..

agreed, safe to ride till the end


  • #63,958
  • May 2, 2008 8:26am May 2, 2008 8:26am
Thanks Hardhead and Lucky.

Your explanations are most helpful. So, unless you were in before the trade, we're trading the reaction right now?

Thanks again.
  • #63,959
  • May 2, 2008 8:28am May 2, 2008 8:28am
Quoting eye4spot
1.9723... good tp?..where should we get out.. in my opinion till the end of the session we are safe to ride it..
ive locked in some nice pips so I'll let it test 9722, two times.. on the second fail ill take profit depending on the time.. if it breaks 9722 ill set a trail of 30 pips
USD Est Non Mortuus
  • #63,960
  • May 2, 2008 8:32am May 2, 2008 8:32am
I love it when a plan comes together
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