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  • #6,501
  • Nov 28, 2008 8:06am Nov 28, 2008 8:06am
Nice zones to scalp from on GBP/USD (For EXPERIENCED aggressive scalpers)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPscalping.jpg Size: 357 KB
  • #6,502
  • Nov 28, 2008 2:38pm Nov 28, 2008 2:38pm
I am currently long the GBPUSD and can't decide whether to get out with a small loss now or 'gamble' on staying in over the weekend ... anyone got any reasons to go for either option ?

Thanks.
  • #6,503
  • Nov 28, 2008 2:51pm Nov 28, 2008 2:51pm
Don't hold over the weekend unless you are position trading. Why would you want to risk it? A 20 pip loss could easily turn into a 120 pip loss.

You are essentially betting that the market will open up, which isn't trading.
  • #6,504
  • Nov 28, 2008 3:25pm Nov 28, 2008 3:25pm
In case anyone has noticed, in the past week we've started to see deviations from the EURUSD to equities correlation. Equities have been up, but the $ has strengthened, the opposite reaction we'd expect.
  • #6,505
  • Nov 28, 2008 5:49pm Nov 28, 2008 5:49pm
Hi guys, just sharing my EUR/GBP chart. Levels I am looking forward to trading. Have a great weekend
Attached Image (click to enlarge)
Click to Enlarge Name: EGLevels.jpg Size: 948 KB
  • #6,506
  • Nov 30, 2008 11:55pm Nov 30, 2008 11:55pm
Hi everyone. Was away on the other side of the country for a week so missed all the action. Already back into it even after having been up all night on a plane. So here goes. Posting eurusd chart. buy was 615. I noticed diagonal cross horizontal at about 609. I am looking to go to 789 first up as my pink line is about the strongest area for resistance. If it goes above there will look at 1.2959. Wouldnt I enjoy that.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 20 KB
  • #6,507
  • Dec 1, 2008 12:44am Dec 1, 2008 12:44am
Hi Tori.

I was working off a downward TL intersecting at 615. Triple confirmation. Shame I was out when it happened....
  • #6,508
  • Dec 1, 2008 12:54am Dec 1, 2008 12:54am
Quoting jokoko
Hi Tori.

I was working off a downward TL intersecting at 615. Triple confirmation. Shame I was out when it happened....
I wouldnt think you have missed too much yet. Moving so slowly. May even come down for another go at about 640 and the line I have at 680 might end up being good support if next hourly candle opens up blue because it still has 100 pips to the topside before any resistance. These charts have certainly been slow of late. I can see a couple more trades but because of the movement will just watch for a while
  • #6,509
  • Dec 1, 2008 12:56am Dec 1, 2008 12:56am
Quoting Tori
Hi everyone. Was away on the other side of the country for a week so missed all the action. Already back into it even after having been up all night on a plane. So here goes. Posting eurusd chart. buy was 615. I noticed diagonal cross horizontal at about 609. I am looking to go to 789 first up as my pink line is about the strongest area for resistance. If it goes above there will look at 1.2959. Wouldnt I enjoy that.
Attachment
Hi Tori, good to have you back. was quite here without you.
I have one more line for you 1.2741.

Have great pips week
  • #6,510
  • Dec 1, 2008 1:00am Dec 1, 2008 1:00am
Things on the EUR and AUD will be pretty flat until the rate announcements come. I am expecting some sideways action for hours/days.
  • #6,511
  • Dec 1, 2008 1:02am Dec 1, 2008 1:02am
Hi Ady27 Spot on. Thanks for that. When I get some sleep I am sure I will find lots of lines to put in huh.
  • #6,512
  • Dec 1, 2008 2:06am Dec 1, 2008 2:06am
Quoting ady27
Hi Tori, good to have you back. was quite here without you.
I have one more line for you 1.2741.

Have great pips week
Yes, welcome back Tori .... your enthusiasm was missed last week on here !!
  • #6,513
  • Dec 1, 2008 2:13am Dec 1, 2008 2:13am
Hi Willowgal. Thanks for that. Somehow I dont think there was much to be enthusiatic about though. It looks as if everything was pretty quiet, as it is again right now. I thought that dreadful terrorist attack might make things happen but it was quiet through that also. Do you have any take on the end of yr. flow. Does it get busy because of readjustments or remain realy quiet till new year.
  • #6,514
  • Dec 1, 2008 2:31am Dec 1, 2008 2:31am
Quoting Tori
Hi Willowgal. Thanks for that. Somehow I dont think there was much to be enthusiatic about though. It looks as if everything was pretty quiet, as it is again right now. I thought that dreadful terrorist attack might make things happen but it was quiet through that also. Do you have any take on the end of yr. flow. Does it get busy because of readjustments or remain realy quiet till new year.
I can't answer that question I'm afraid as this is my first year trading, although I'm sure some of our more experienced friends on here can give you some clues :-)
  • #6,515
  • Dec 1, 2008 2:48am Dec 1, 2008 2:48am
Hi everyone,
Just wanted to let you know that I'm back from a well overdue time off and will be updating materials as soon as I can. I've gotten a few messages wondering about my whereabouts but despite the rumors of my passing I'm alive and well . Hope everyone here in the US had a good holiday weekend and everyone else elsewhere has been having a good past couple of weeks in the neverending volatility out there.

In my time off here I've been working on some new developments some of you might take a particular interest in. I've been devising some new approaches to handle this market over the short and longer term, that have been working very well. There's still the endless issue of when to be a contrarian trader (fade the market) versus popular trend following systems out there, and my time off has definitiely proved to provide me with some clarity in this regard. Will be updating materials rather soon, and again hope everyone has been trading well in the interim. Keep you posted and thanks for keeping everything alive and kicking here!
  • #6,516
  • Dec 1, 2008 3:02am Dec 1, 2008 3:02am
Hey guys. That eurusd trade I took earlier came down and touched the diagonal again. Did anyone go in on the second bite of the cherry. Even though it isnt moving quickly I am happy the lines worked so well.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
  • #6,517
  • Dec 1, 2008 3:02am Dec 1, 2008 3:02am
Welcome back BRV.

I can't wait to see the updated material. Many thanks for all you do for us.

M
  • #6,518
  • Dec 1, 2008 3:09am Dec 1, 2008 3:09am
Quoting Tori
Hi everyone. Was away on the other side of the country for a week so missed all the action. Already back into it even after having been up all night on a plane. So here goes. Posting eurusd chart. buy was 615. I noticed diagonal cross horizontal at about 609. I am looking to go to 789 first up as my pink line is about the strongest area for resistance. If it goes above there will look at 1.2959. Wouldnt I enjoy that.
Attachment
I took the second bounce of the trendline, almost at least..Went long on 1,620..and happy with the payoff right now..
kojak
  • #6,519
  • Dec 1, 2008 3:11am Dec 1, 2008 3:11am
Quoting Tori
Hi everyone. Was away on the other side of the country for a week so missed all the action. Already back into it even after having been up all night on a plane. So here goes. Posting eurusd chart. buy was 615. I noticed diagonal cross horizontal at about 609. I am looking to go to 789 first up as my pink line is about the strongest area for resistance. If it goes above there will look at 1.2959. Wouldnt I enjoy that.
Attachment
Hi Tori

I've got pretty much the same s/r except 1.3157, what timeframe is that in?

The attached chart also shows a potential pennant (wedge) and the fact that the Eur is oversold on the RSI. Coupled with the shortlived strength in USD 30 mins ago means the next move could well be north.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2011208.jpg Size: 252 KB
  • #6,520
  • Dec 1, 2008 3:12am Dec 1, 2008 3:12am
Quoting Tori
Hey guys. That eurusd trade I took earlier came down and touched the diagonal again. Did anyone go in on the second bite of the cherry. Even though it isnt moving quickly I am happy the lines worked so well.
Attachment
Yep, i sure did
tx for your chart..
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