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  • #5,481
  • Aug 27, 2008 10:55am Aug 27, 2008 10:55am
Quoting kc8flq
Why thank ya, up 95 pips and counting, I have a 2 pip spread on my broker,
right now it's hit my trigger for a 55 pip trailing stop so I locked in some profit so I might let it trail and see where it stops me out at or close it when the momentum slows.

KC
2pip spread on GU that's nice, mine's 4pips so I usually trade the EU do to the lower spread...
  • #5,482
  • Aug 27, 2008 11:12am Aug 27, 2008 11:12am
Moved my stop down to 8335, a few pips above the recent swing on the 1 min chart, if it decides to retrace back to it, then I'll be out with a happy 80+ pip profit.

I have a spread as low as 1/10th pip on Eu at times. Haven't seen the GU down less than 1 pip spread yet.


Quoting Aad
2pip spread on GU that's nice, mine's 4pips so I usually trade the EU do to the lower spread...
  • #5,483
  • Aug 27, 2008 11:23am Aug 27, 2008 11:23am
Quoting kc8flq
Moved my stop down to 8335, a few pips above the recent swing on the 1 min chart, if it decides to retrace back to it, then I'll be out with a happy 80+ pip profit.

I have a spread as low as 1/10th pip on Eu at times. Haven't seen the GU down less than 1 pip spread yet.
What broker are you using (FxPro/NF)?...
  • #5,484
  • Aug 27, 2008 11:39am Aug 27, 2008 11:39am
MB Trading

Quoting Aad
What broker are you using (FxPro/NF)?...
  • #5,485
  • Aug 27, 2008 11:46am Aug 27, 2008 11:46am
I enter 1.8415 after 13:00 GMT candle close below intraday short. 50% close with + 25pips, 50% run with 30 pip trailing stop, total 25+105/2=77.5 pips.

Keep learning,
Attached Image (click to enlarge)
Click to Enlarge Name: 05-gu sell stop break intraday low wen_27aug08.gif Size: 45 KB
  • #5,486
  • Aug 27, 2008 1:26pm Aug 27, 2008 1:26pm
Quoting katarche
Check this GU fib drawn from Low of June 2001 to High of Nov 2007.
It offered good support for the first half of this year @ about 1.9400.
Next support level may be 1.8300.
I am still leaning short currently but will reassess that if we get to 1.8300.
This is what i was talking about
Best regards
WP
  • #5,487
  • Aug 27, 2008 8:37pm Aug 27, 2008 8:37pm
We have a bearish intraday ....keep in mind our intraday levels are holding nicely ....Its still to early to take a trade in any direction yet. Also keep in mind yesterdays intraday targets did not get hit but as long as we dont retrace past the pivot its showing us that the downward trend still has momentum taking place.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 28 KB
  • #5,488
  • Aug 27, 2008 9:22pm Aug 27, 2008 9:22pm
Quoting WizardPip
This is what i was talking about
Best regards
WP
Yep, saw your post - just wanted to confirm with chart.
Let's see if support holds here... or not...

Sherm - sentiment is a fickle thing - there may be large players with wider perspectives, longer memories, and different agendas...

Let price action be our guide...
Meantime watch this level for now.

cheers,
k
  • #5,489
  • Aug 28, 2008 12:05am Aug 28, 2008 12:05am
i went in short at the intraday pivot...anyone else going short also??
  • #5,490
  • Aug 28, 2008 12:14am Aug 28, 2008 12:14am
Quoting xscamx
i went in short at the intraday pivot...anyone else going short also??

I have a sell stop sitting at 8356

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 29 KB
  • #5,491
  • Aug 28, 2008 1:01am Aug 28, 2008 1:01am
I am short in trade....
My sell stop at 8356 has been hit

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 29 KB
  • #5,492
  • Aug 28, 2008 1:02am Aug 28, 2008 1:02am
Quoting Shermenator
I am short in trade....
My sell stop at 8356 has been hit

Attachment
where would your tp and sl be
  • #5,493
  • Aug 28, 2008 1:09am Aug 28, 2008 1:09am
Quoting xscamx
where would your tp and sl be

I have no stop defined ...I will let the market show me when its the right time to look for an exit...you whant to see how price reacts to the swing support levels....you simply whant to look at price action as it heads down to support levels...I have t1 as my goal...but before that many things have to happen, such as braking the swing levels and braking the intradaylow...I will watch price as it heads down...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 29 KB
  • #5,494
  • Aug 28, 2008 1:53am Aug 28, 2008 1:53am
Sherm,
I hope cable will not move the way it did yesterday,i think we should just hope.
  • #5,495
  • Edited 3:30am Aug 28, 2008 2:37am | Edited 3:30am
Quoting hiswords
Sherm,
I hope cable will not move the way it did yesterday,i think we should just hope.

We are getting railroda tracks...momentum has shifted back to the sellers..

Attachment
  • #5,496
  • Aug 28, 2008 3:03am Aug 28, 2008 3:03am
Can we still call what has been formed a railroad track?
  • #5,497
  • Aug 28, 2008 4:32am Aug 28, 2008 4:32am
hey shermenator, you still holding in there
  • #5,498
  • Aug 28, 2008 4:38am Aug 28, 2008 4:38am
Quoting xscamx
hey shermenator, you still holding in there

Yep my friend still holding

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 29 KB
  • #5,499
  • Aug 28, 2008 5:09am Aug 28, 2008 5:09am
Are short is looking great guys...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 31 KB
  • #5,500
  • Aug 28, 2008 5:24am Aug 28, 2008 5:24am
Are short is looking great guys...

Hey guys,i believe we will smile our short looking good lol
Reward for patient.
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