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Cable Update (GBPUSD)

  • #105,381
  • Dec 9, 2008 5:21am Dec 9, 2008 5:21am
Quoting Shermenator
I have now placed a buy stop in the gbpusd

Buy stop is 1.4834....tight scalp...

Attachment
ace
do u u think gu will retrace from this point as it is heading down
  • #105,382
  • Dec 9, 2008 5:24am Dec 9, 2008 5:24am
Quoting determined
ace
do u u think gu will retrace from this point as it is heading down

Dont know ...as long as price does not go to 1.4737 my buy stop stays....if it hits that I will remove it...
  • #105,383
  • Dec 9, 2008 5:31am Dec 9, 2008 5:31am
long @ 1.4750
TP 1.4825
  • #105,384
  • Dec 9, 2008 5:37am Dec 9, 2008 5:37am
long @ 1.4752
TP @ 1.810

  • #105,385
  • Dec 9, 2008 5:41am Dec 9, 2008 5:41am
Quoting biax
long @ 1.4752
TP @ 1.810

that would be a nice run...
  • #105,386
  • Dec 9, 2008 5:42am Dec 9, 2008 5:42am
buy stop @ 1.4740 with tight 10 pip
target 1.4810

update looks like I was out by 5 pips on my buy order
  • #105,387
  • Dec 9, 2008 5:50am Dec 9, 2008 5:50am
Quoting Chris_35
buy stop @ 1.4740 with tight 10 pip
target 1.4810

update looks like I was out by 5 pips on my buy order
wonder why u buy in??
was such a bearish engulfing candle??

Sonic
Attached Image (click to enlarge)
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  • #105,388
  • Dec 9, 2008 5:51am Dec 9, 2008 5:51am
Bro, market is up & down in 15m chart. Do you guys staying away in this kind of market? I'm still learning about ema & sma. Please be kind. I want to master this technique as soon possible.
  • #105,389
  • Dec 9, 2008 5:53am Dec 9, 2008 5:53am
Quoting sonicdeejay
wonder why u buy in??
was such a bearish engulfing candle??

Sonic
Because thats simply a 15 min chart....and carries more noise then other larger timeframes
  • #105,390
  • Dec 9, 2008 5:56am Dec 9, 2008 5:56am
Quoting Shermenator
Because thats simply a 15 min chart....and carries more noise then other larger timeframes
larger TF..doesn't look lik a long to me ..too...

Sonic
  • #105,391
  • Dec 9, 2008 5:57am Dec 9, 2008 5:57am
Hey guys, hows it going? hope your all doing well today, i managed to grab 60 pips on a short today but I am flat for now. I dont want to be long in this market and def dont want to short from here, will have to wait and see
  • #105,392
  • Dec 9, 2008 6:04am Dec 9, 2008 6:04am
Quoting sonicdeejay
larger TF..doesn't look lik a long to me ..too...

Sonic

It depends how large you go and what your looking from price,....go to a monthly far enough and its bullish....if you look for serious of highs and lows in the market then its bullish in the 4 hour...it all depends on the way you look at the market.
  • #105,393
  • Dec 9, 2008 6:15am Dec 9, 2008 6:15am
Quoting Chris_35
buy stop @ 1.4740 with tight 10 pip
target 1.4810

update looks like I was out by 5 pips on my buy order
Is that a buy stop or buy limit ?
  • #105,394
  • Dec 9, 2008 6:17am Dec 9, 2008 6:17am
... is a disease and it's spreading in this forum!!!

I'm out!

Good "luck"
  • #105,395
  • Dec 9, 2008 6:21am Dec 9, 2008 6:21am
Good morning, everybody.
I am still trying to learn
Since Monday morning GU looks like descending triangle. Also, they are going to bailout carmakers today. So I am expecting dollar to go up.
Am I right?
  • #105,396
  • Dec 9, 2008 6:23am Dec 9, 2008 6:23am
Quoting sonicdeejay
wonder why u buy in??
was such a bearish engulfing candle??

Sonic
Thank you Sonic. My order not yet taken up and my s/l is very tight 10 pip.
Also yesterday was a very bearish engulfing candle at 2:00 pm gmt but the 3m went up by about 80 pips and never returned to the 2:0pm low, but continued to 61.8 of yesterdays high. But I do take on board what you are saying hence my 10 pip s/l
  • #105,397
  • Dec 9, 2008 6:24am Dec 9, 2008 6:24am
so far no trades for me tonight...currently have 2 orders in the market but seems to be a day I might simply have no trades...
  • #105,398
  • Dec 9, 2008 6:28am Dec 9, 2008 6:28am
Its definitely better not to make any trade than to make a lousy one.
  • #105,399
  • Dec 9, 2008 6:29am Dec 9, 2008 6:29am
the freaky thing about this down pressure on pound is equities and crude are up.. yet $ remains stronger.
USD Est Non Mortuus
  • #105,400
  • Dec 9, 2008 6:32am Dec 9, 2008 6:32am
Quoting Chris_35
Thank you Sonic. My order not yet taken up and my s/l is very tight 10 pip.
Also yesterday was a very bearish engulfing candle at 2:00 pm gmt but the 3m went up by about 80 pips and never returned to the 2:0pm low, but continued to 61.8 of yesterdays high. But I do take on board what you are saying hence my 10 pip s/l
nice xplaination buddy,,,all t best..am staying out for now...
had a trade for today in EJ abt 5 hrs earlier...


Sonic
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