I'm tempted to hold my short.. Im in at 1.45796 .. I may just close around the price at 330 EST and then re-evaluate Sunday. Pretty solid week though. Took my micro from $30 to $74 with an equity of about $95 right now.
Cable Update (GBPUSD)
- #120,421
- Feb 13, 2009 1:09pm Feb 13, 2009 1:09pm
- Joined Dec 2008 | Status: Conservative | 2,112 Posts
I'm tempted to hold my short.. Im in at 1.45796 .. I may just close around the price at 330 EST and then re-evaluate Sunday. Pretty solid week though. Took my micro from $30 to $74 with an equity of about $95 right now.
- #120,423
- Feb 13, 2009 1:13pm Feb 13, 2009 1:13pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #120,425
- Feb 13, 2009 1:21pm Feb 13, 2009 1:21pm
- Joined Dec 2008 | Status: Conservative | 2,112 Posts
- #120,426
- Feb 13, 2009 1:32pm Feb 13, 2009 1:32pm
- | Commercial User | Joined Feb 2008 | 1,440 Posts
Viva Canada - yesterday been good for cad! 
I'm frome Canada! - Québec
------
I liked GU more then EU also....
I'm frome Canada! - Québec
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I liked GU more then EU also....
- #120,427
- Feb 13, 2009 1:34pm Feb 13, 2009 1:34pm
- Joined Dec 2008 | Status: Conservative | 2,112 Posts
- #120,428
- Feb 13, 2009 1:34pm Feb 13, 2009 1:34pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #120,429
- Feb 13, 2009 1:40pm Feb 13, 2009 1:40pm
- | Commercial User | Joined Feb 2008 | 1,440 Posts
Haha I stay away from USD/CAD .. I caught one large move and left it at that.
I am from Southwestern Ontario.
----- Hope everything's going ok on your side! -----------
Come on Gu, break 55 line!!!!
- #120,430
- Feb 13, 2009 2:17pm Feb 13, 2009 2:17pm
- Joined Dec 2008 | Status: Conservative | 2,112 Posts
- #120,433
- Feb 14, 2009 11:32am Feb 14, 2009 11:32am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #120,434
- Edited 3:48pm Feb 14, 2009 3:02pm | Edited 3:48pm
assuming the continuation of the bearish scenario, and possible H&S pattern in 4H chart, we could get a big pattern confirmation in 4h and daily charts. and is still bearish: 3 lower highs, and 3 lower lows but not following a channel.
this formation is called the three falling peaks, and if it confirme, the lowest low of the GU (around 1.0450) could be almost touch.
The confirmation is closing below the lower low (more safe) or the intermediate low (more aggressive) (is 1.4346 ODL mt4) (yesterday close 1.4347
)
the target for this formation are
- more safe: 33% of the movement between the 1º peak and the last low so, 5720-3500= 2220 pips*33%=730 pips for the first target (historic 76% win)
- aggressive target is the 100% of the movement (historic 69% win)
Who Knows.... it could be great for my shorts!!!
this formation is called the three falling peaks, and if it confirme, the lowest low of the GU (around 1.0450) could be almost touch.
The confirmation is closing below the lower low (more safe) or the intermediate low (more aggressive) (is 1.4346 ODL mt4) (yesterday close 1.4347
)the target for this formation are
- more safe: 33% of the movement between the 1º peak and the last low so, 5720-3500= 2220 pips*33%=730 pips for the first target (historic 76% win)
- aggressive target is the 100% of the movement (historic 69% win)
Who Knows.... it could be great for my shorts!!!
- #120,435
- Feb 14, 2009 9:36pm Feb 14, 2009 9:36pm
Over-leveraged indeed .. I was strictly taking 1k trades and at stronger opportunities I would add a second and close it around +25 and then carry the other to the target. The largest stop I used this week was 30pips, and the largest stop I had hig was 25.
I used to trade the Euro and it does not move like GU. This pair is a technicians dreaam! haha
Anyone here canadian?
I have both charts open, with audio alerts. The cable is definetly more rewarding, the euro has its 'times'... Uhm, the GPB/JPY is a monster, but the spread mama mia
lowest draw down possible please.
- #120,436
- Feb 14, 2009 10:00pm Feb 14, 2009 10:00pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Fellow Canadian here
I have both charts open, with audio alerts. The cable is definetly more rewarding, the euro has its 'times'... Uhm, the GPB/JPY is a monster, but the spread mama mia
Just digging in the trenches like everyone else!
- #120,439
- Feb 15, 2009 9:34am Feb 15, 2009 9:34am
assuming the continuation of the bearish scenario, and possible H&S pattern in 4H chart, we could get a big pattern confirmation in 4h and daily charts. and is still bearish: 3 lower highs, and 3 lower lows but not following a channel.
this formation is called the three falling peaks, and if it confirme, the lowest low of the GU (around 1.0450) could be almost touch.
The confirmation is closing below the lower low (more safe) or the intermediate low (more aggressive) (is 1.4346 ODL mt4) (yesterday close 1.4347
the target for this formation...
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