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Cable Update (GBPUSD)

  • #98,561
  • Nov 16, 2008 4:06pm Nov 16, 2008 4:06pm
any gap traders out there??? high percentage do tend to close....
Trading is 80% Emotional, 20% Technical
  • #98,562
  • Nov 16, 2008 4:10pm Nov 16, 2008 4:10pm
we seem to be in this range..
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  • #98,563
  • Nov 16, 2008 4:10pm Nov 16, 2008 4:10pm
Quoting nAVIN2007
spin trader welldone buddy 2k pips..is fantastic keep up the great trading..
thanks man! I've given up trading small moves and scalping, and I'm going to keep trying to replicate the method that got me the 2k pips; identifying the overall trend, and then waiting for a good entry and slowly building up my position.
Hope this week brings you plenty of good pips my friend!
  • #98,564
  • Nov 16, 2008 4:11pm Nov 16, 2008 4:11pm
Looks like it's gonna close the GAP early
  • #98,565
  • Nov 16, 2008 4:16pm Nov 16, 2008 4:16pm
Quoting spintrader
thanks man! I've given up trading small moves and scalping, and I'm going to keep trying to replicate the method that got me the 2k pips; identifying the overall trend, and then waiting for a good entry and slowly building up my position.
Hope this week brings you plenty of good pips my friend!
thx bro yes it best to go with the trend especially when currency moves as hectic as this..
  • #98,566
  • Nov 16, 2008 4:28pm Nov 16, 2008 4:28pm
Nice start.Long to 4745-4753.if come to theare will move Sl up and maybe i go for 4800 area from theare.
  • #98,567
  • Nov 16, 2008 4:33pm Nov 16, 2008 4:33pm
yap.On friday was short from 4920.My broker close litlle before rest brokers.
.then closed on opening.Now long.will see later.
  • #98,568
  • Nov 16, 2008 4:35pm Nov 16, 2008 4:35pm
price very likely to touch 1.4418 before penetrating 1.525x
best place to sell above 1.49 when you see the right candle pattern, with stop loss at 1.525x and target 1.4418... RR 1.5

this is not a recommendation, just an opinion
When life gives you lemons, make lemonade
  • #98,569
  • Nov 16, 2008 4:36pm Nov 16, 2008 4:36pm
Sl hit.+30 more.Now i will stay away from this until market cool down.See ya all later in asia or i think more in london opening
  • #98,570
  • Nov 16, 2008 4:38pm Nov 16, 2008 4:38pm
Quoting micho
price very likely to touch 1.4418 before penetrating 1.525x
best place to sell above 1.49 when you see the right candle pattern, with stop loss at 1.525x and target 1.4418... RR 1.5

this is not a recommendation, just an opinion
yep im with u there buddy.....im gonna sell this mofo without reasoning so long as i get a good signal to short once i see a descent high ..
  • #98,571
  • Nov 16, 2008 4:52pm Nov 16, 2008 4:52pm
well not the largest gap down in history.. but a gap down non the less lol .. g20 fofinny
USD Est Non Mortuus
  • #98,572
  • Nov 16, 2008 4:57pm Nov 16, 2008 4:57pm
check this out
now price was below 23% fibo so we set the sl to be
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When life gives you lemons, make lemonade
  • #98,573
  • Nov 16, 2008 4:58pm Nov 16, 2008 4:58pm
Quoting LuckyLurker
well not the largest gap down in history.. but a gap down non the less lol .. g20 fofinny

yep the g20 didnt do sh*t....apart from scare the hell out of me
  • #98,574
  • Nov 16, 2008 5:04pm Nov 16, 2008 5:04pm
Quoting nAVIN2007
yep the g20 didnt do sh*t....apart from scare the hell out of me
It be long a bit for second try
GELORE
  • #98,575
  • Nov 16, 2008 5:15pm Nov 16, 2008 5:15pm
Quoting nAVIN2007
yep the g20 didnt do sh*t....apart from scare the hell out of me
yea they seem to do that for most investors lol
USD Est Non Mortuus
  • #98,576
  • Nov 16, 2008 5:35pm Nov 16, 2008 5:35pm
if gu breaks 4650 then no gap filled this hour.
USD Est Non Mortuus
  • #98,577
  • Nov 16, 2008 5:45pm Nov 16, 2008 5:45pm
Is short a good entry now ?
  • #98,578
  • Nov 16, 2008 6:01pm Nov 16, 2008 6:01pm
Quoting gagakrimba
Is short a good entry now ?
Hi,

here's the 5' chart

wait.......
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  • #98,579
  • Nov 16, 2008 6:46pm Nov 16, 2008 6:46pm
Men..., it can long for another 1hr
GELORE
  • #98,580
  • Nov 16, 2008 7:20pm Nov 16, 2008 7:20pm
nice little stop hunt to buy gu on there 15 minutes ago.. price might run hard north now. My stops are BE at spread of that last spike down low.. im long for a few.
USD Est Non Mortuus
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