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Cable Update (GBPUSD)

  • #115,041
  • Jan 26, 2009 8:09am Jan 26, 2009 8:09am
Quoting Komissar
3936 - Bid or Ask chart? As we know, even 1 pip can make adifference.
1 pip can make 1 pip difference and is irrelevant except while scalping where its very important

I prefer to scalp using euro as the spread right now on OANDA is:

Euro 0.9

GBP 3.8

and both correlate mostly - so why do cable while scalping ?
  • #115,042
  • Jan 26, 2009 8:10am Jan 26, 2009 8:10am
1.3950 has become a strong level.
We'll be stuck in there for a few hours
Life is a party!!! will you seat or will you dance?
  • #115,043
  • Jan 26, 2009 8:11am Jan 26, 2009 8:11am
Quoting sincronic
1.3950 has become a strong level.
We'll be stuck in there for a few hours
She won't sit here for a few hours, she's either going to break it or sink.
Just digging in the trenches like everyone else!
  • #115,044
  • Jan 26, 2009 8:13am Jan 26, 2009 8:13am
Quoting allserene
1 pip can make 1 pip difference and is irrelevant except while scalping where its very important

I prefer to scalp using euro as the spread right now on OANDA is:

Euro 0.9

GBP 3.8

and both correlate mostly - so why do cable while scalping ?
Thanks for good tip, I'll check this OANDA later. 0.9 - wow!
  • #115,045
  • Jan 26, 2009 8:17am Jan 26, 2009 8:17am
got in short again a bit premature.... took 20 out of it... think that's my day... 100+ am I'm out... was sleeping during the upmove... could have been a much better day .... oh well.. next setup please
DireXiv Make it happen, no one else is going to do it for you...
  • #115,046
  • Jan 26, 2009 8:20am Jan 26, 2009 8:20am
Quoting DireXiv
got in short again a bit premature.... took 20 out of it... think that's my day... 100+ am I'm out... was sleeping during the upmove... could have been a much better day .... oh well.. next setup please
Good job! Get some rest and prepare to battle again.
Just digging in the trenches like everyone else!
  • #115,047
  • Jan 26, 2009 8:20am Jan 26, 2009 8:20am
Quoting eohater
She won't sit here for a few hours, she's either going to break it or sink.
cool! got you!
but she doesn't want to decide where to go.
I think I'm the one who needs patience...and a lot!
Life is a party!!! will you seat or will you dance?
  • #115,048
  • Jan 26, 2009 8:22am Jan 26, 2009 8:22am
Quoting PipLand
PHP Code
the top of the wick on my previous 1 hr is 3929
Diffrent brokers have diffrent feed . May be thats Y
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #115,049
  • Jan 26, 2009 8:22am Jan 26, 2009 8:22am
I think DOW is loosing steam.
Good home sales cannot beat the massice job cuts.
Ready for short.
  • #115,050
  • Jan 26, 2009 8:25am Jan 26, 2009 8:25am
Quoting sincronic
cool! got you!
but she doesn't want to decide where to go.
I think I'm the one who needs patience...and a lot!
theres a small H&S on E/G which might play out if it does it could push cable past 3970, just my thought
  • #115,051
  • Jan 26, 2009 8:32am Jan 26, 2009 8:32am
Traded this up this when the 62ema on the 5m held @ 3800.....then closed around 3900 and reversed short... stopped out +30. Tried another short at 3920 and stopped out for +20.

Guess i am hard headed but trying another short soon!
  • #115,052
  • Jan 26, 2009 8:42am Jan 26, 2009 8:42am
tried a short here at 3961 with 15+ pip stop
  • #115,053
  • Jan 26, 2009 8:42am Jan 26, 2009 8:42am
Quoting Shilva
Traded this up this when the 62ema on the 5m held @ 3800.....then closed around 3900 and reversed short... stopped out +30. Tried another short at 3920 and stopped out for +20.

Guess i am hard headed but trying another short soon!
Nice trading!
Just digging in the trenches like everyone else!
  • #115,054
  • Edited 9:03am Jan 26, 2009 8:42am | Edited 9:03am
Quoting Komissar
I think DOW is loosing steam.
Good home sales cannot beat the massice job cuts.
Ready for short.
always a delicate balance - most company's shares go up when they announce job cuts - it's the norm. The shareholder's get the saving

However, there reaches a point where it tips - and if everyone is firing and the top line gets busted - then yes everyone loses

I really dont like the look of things out there - it seems to be accelerating

Cramer's top tip - caterpillar - just lost 9.14% !!!!!
  • #115,055
  • Jan 26, 2009 8:44am Jan 26, 2009 8:44am
Quoting eohater
I'm not saying go long here, but if someone was to go long after the close of the 15m candle, as long as we close above 3930, I would put my SL at 3910. Again though, 3970 is a hard area that needs to give way.
My last candle closed at 3920, so I didn't go long - following your method, would you be long yet, or would you be waiting for the next 15M candle to close (in 1 min) and if so, what would be your ideal entry?

Thanks for your advice...
  • #115,056
  • Jan 26, 2009 8:52am Jan 26, 2009 8:52am
Quoting Shilva
tried a short here at 3961 with 15+ pip stop
locked in at +2...most likely to early but it is late in the day.

Thanks EO
  • #115,057
  • Jan 26, 2009 8:58am Jan 26, 2009 8:58am
Quoting PipLand
theres a small H&S on E/G which might play out if it does it could push cable past 3970, just my thought
looks like its about to happen!
  • #115,058
  • Edited 9:37am Jan 26, 2009 9:00am | Edited 9:37am
hello guys...
2 days is very nice day 4 me...310 green pips without loss...i still waiting 4h tf to turn up....very close 2 turn up...but must be prepare it can be turn back also....
  • #115,059
  • Jan 26, 2009 9:06am Jan 26, 2009 9:06am
Quoting PipLand
looks like its about to happen!
Yeah! You're right!
1.4012 seems a good target.
Life is a party!!! will you seat or will you dance?
  • #115,060
  • Jan 26, 2009 9:08am Jan 26, 2009 9:08am
[quote=Shilva;2494418]locked in at +2...most likely to early but it is late in the day.

Stopped out on this +2
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