Hi guys.I wasshort from 1.8100.Near that resistance line at 1.8123.I as thinking small risk with 15 pips SL.Closed at 1.7990.I think for as i see we will have range in this 2 area.Break on any side could bring some movement.If it comes arround 1.8120 again i will short again.if i dont see energy to break it.
Cable Update (GBPUSD)
- #87,842
- Edited 2:35am Sep 15, 2008 2:34am | Edited 2:35am
- | Joined Apr 2008 | Status: Trader | 1,171 Posts
Jesus Christ is my only Lord !
- #87,845
- Sep 15, 2008 2:39am Sep 15, 2008 2:39am
I plan to trade today as it was the south trend
I see the range between 8100 and 8000
I think in time we can see the falling triangle
I can also see smthg like H&S on e/u 15 min chart
So I will try to sell close to 8100 and close @ 8000
with SL above 8120
please DON'T copy my trades I am still learning
- #87,849
- Sep 15, 2008 2:57am Sep 15, 2008 2:57am
- | Commercial User | Joined May 2008 | 1,300 Posts
hey all,
i think it is going up...been scalping on the M5 for the past 2 hours or so(+150 pips) and I watch the M5 quite closely usually and I have noticed that this pair likes to breakout on a tripple bottom/top. I think who makes the tripple first, it will breakout in that direction, and I am favouring up...
what do you think?
Will watchh for that.Man is always in learning proces.But i think we need a retrace first.and MACD on 15 is going down for some time and price was going up so...
By the way i am short again from 1.8051 with SL1.8075.Target 1 1,7965 target 2 1,7850 and 1.7785 would be nice today.
So go down please.This is just my thinking.It might be wrong.
- #87,850
- Sep 15, 2008 3:06am Sep 15, 2008 3:06am
I was short this morning as i said and i was+110 pips without scalping.So i think it is not a good way to say it will go up just because on sculp on long way someone take money.On this fall on GU i know i guy who was always trying to go long on some bottoms.So the trend was down and he was going long and he make money.Maybe he was thinking as long i am long and i make money it will go up.Some day...And it will.But untill then i was short on every top and i was makeing money too.Only much more then him.As for the tripple bottom/top breakout i don't know.Good thinking.
Man is always in learning proces.But i think we need a retrace first.and MACD on 15 is going down for some time and price was going up so...
By the way i am short again from 1.8051 with SL1.8075.Target 1 1,7965 target 2 1,7850 and 1.7785 would be nice today.
This is just my thinking.It might be wrong.
i wasn't saying it will go up based on my scalping, i mentioned that because it is the reason i am watching a 5 minute chart...but anyway the trend is up, well that's what my system is telling me and that is why I am going long...
- #87,851
- Sep 15, 2008 3:10am Sep 15, 2008 3:10am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I was short this morning as i said and i was+110 pips without scalping.So i think it is not a good way to say it will go up just because on sculp on long way someone take money.On this fall on GU i know i guy who was always trying to go long on some bottoms.So the trend was down and he was going long and he make money.Maybe he was thinking as long i am long and i make money it will go up.Some day...And it will.But untill then i was short on every top and i was makeing money too.Only much more then him.As for the tripple bottom/top breakout i don't know.Good thinking.
Man is always in learning proces.But i think we need a retrace first.and MACD on 15 is going down for some time and price was going up so...
By the way i am short again from 1.8051 with SL1.8075.Target 1 1,7965 target 2 1,7850 and 1.7785 would be nice today.
This is just my thinking.It might be wrong.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #87,852
- Sep 15, 2008 3:20am Sep 15, 2008 3:20am
- | Commercial User | Joined May 2008 | 1,300 Posts
but anyway the trend is up, well that's what my system is telling me and that is why I am going long...
If i watch 1hr ,4 hr chart then we are in uptrend.And that up move needs retrace too.That is why i am short.Then i will go up too.But this is forex and move is possible without retrace.
Oh i have strong argument for short.Listen to this.It is always to go down then up.Gravity
.This is a joke.
Now for real.I think we need to see some down move before up if it comes to that at all.Maybe my targets are to much optimistic but...Dont forget GB has bad fundamentals as well
It is nice to talk with you PIP ME.Good to hear other side as well.
I move my SL to BE+1 just in case you are write,but if i don't see big energy on 1.8125 area will go short agin from theare.
- #87,853
- Sep 15, 2008 3:24am Sep 15, 2008 3:24am
Ok i look daily and i see down trend.This could be just a retrace.That big fall need retrace from time to time.Everybody knows that.Daily momentum is at 0.It need break to confirm, but then gin it could be false break.
If i watch 1hr ,4 hr chart then we are in uptrend.And that up move needs retrace too.That is why i am short.Then i will go up too.But this is forex and move is possible without retrace.
Oh i have strong argument for short.Listen to this.It is always to go down then up.Gravity
This is a joke.
Now for real.I think we need to see some down move before up if it comes to that at all.Maybe my targets are to much optimistic but...Dont forget GB has bad fundamentals as well
It is nice to talk with you PIP ME.Good to hear other side as well.
I move my SL to BE+1 just in case you are write,but if i don't see big energy on 1.8125 area will go short agin from theare.
- #87,856
- Sep 15, 2008 3:30am Sep 15, 2008 3:30am
- | Commercial User | Joined May 2008 | 1,300 Posts
It is holding for now.
- #87,859
- Sep 15, 2008 3:39am Sep 15, 2008 3:39am
- | Commercial User | Joined May 2008 | 1,300 Posts
Maybe i should take this 60 pips of mine.That would be almost 200 from tokio in total.And then come back in NY session.
- #87,860
- Sep 15, 2008 3:40am Sep 15, 2008 3:40am
- | Joined Apr 2008 | Status: Trader | 1,171 Posts
Jesus Christ is my only Lord !