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Cable Update (GBPUSD)

  • #128,141
  • Mar 26, 2009 6:17am Mar 26, 2009 6:17am
this guy must have been stopped out by news just now already.
Quoting magnumt
I got this message today:

Buy GBPUSD @ 1.4610 TP @ 1.4710 SL @ 1.4525.

What do you think?
  • #128,142
  • Mar 26, 2009 6:19am Mar 26, 2009 6:19am
Quoting PipLand
lol i know i know, but i scalped a long from 4540 - 4570 lol

I will see how this 15min candle closes!
I know it goes against the grain but that's what I've been doing all morning as well pip. I didn't get 30 in one trade like you but I've scalped 58 in 3 long trades so far...
Ghost Rider - WWTBMD?
  • #128,143
  • Mar 26, 2009 6:20am Mar 26, 2009 6:20am
Quoting magnumt
I got this message today:

Buy GBPUSD @ 1.4610 TP @ 1.4710 SL @ 1.4525.

What do you think?
HI Magnummt. My view is with strong resistance around 4620 i cant see how 4610 is a good place to buy!?

we may break 4620 easily but i wouldnt buy at that level for now.

Sl should be below 4510 in my opinion also
  • #128,144
  • Mar 26, 2009 6:21am Mar 26, 2009 6:21am
Quoting PipLand
lol i know i know, but i scalped a long from 4540 - 4570 lol

I will see how this 15min candle closes!
What about short from 4580 area?
  • #128,145
  • Mar 26, 2009 6:23am Mar 26, 2009 6:23am
hai guys....its already past more than 30 mins...its seems more harder....do u all agree..its will go up..? i buy at 1.4548....really hope go up to 1.4730
be patient, self-belief and discipline... stay focus...
  • #128,146
  • Mar 26, 2009 6:23am Mar 26, 2009 6:23am
Quoting PipLand
lol i know i know, but i scalped a long from 4540 - 4570 lol

I will see how this 15min candle closes!
HeY Pip.

Why ,when 5min before you state you're staying out cause of the wicky pa.

Whats your stop on them scalps?

Cheers
  • #128,147
  • Mar 26, 2009 6:26am Mar 26, 2009 6:26am
Quoting albchr
I know it goes against the grain but that's what I've been doing all morning as well pip. I didn't get 30 in one trade like you but I've scalped 58 in 3 long trades so far...
Nice work

It goes against the grain of the current momentum but i woudnt advise shorting into those bullish candles on the 15min chart or going long into the bearish candles at 4600 - 4620.

Im flat and waiting, i think we will go lower but im not shorting from here now
  • #128,148
  • Mar 26, 2009 6:28am Mar 26, 2009 6:28am
for next 24hrs, 51% chance down, 49% up, haha, not jumping on

Quoting radit27
hai guys....its already past more than 30 mins...its seems more harder....do u all agree..its will go up..? i buy at 1.4548....really hope go up to 1.4730
  • #128,149
  • Mar 26, 2009 6:28am Mar 26, 2009 6:28am
Quoting FOURX
HeY Pip.

Why ,when 5min before you state you're staying out cause of the wicky pa.

Whats your stop on them scalps?

Cheers
I was staying out of SHORTS because of the PA. I was intending to stay out all together but when i saw the close of the 1hr and the prior 15min candles i waited for price to move down a little and then went long.
  • #128,150
  • Mar 26, 2009 6:30am Mar 26, 2009 6:30am
Quoting FOURX
HeY Pip.

Why ,when 5min before you state you're staying out cause of the wicky pa.

Whats your stop on them scalps?

Cheers
Forgot to say the stop is normally below the last 15min candle, once its moved in profit i lock it straight away as I view that if it turns back from that point then it is most likely to roll back down, if you plan on doing these trades i would advice to start with small lots!
  • #128,151
  • Mar 26, 2009 6:33am Mar 26, 2009 6:33am
FYI to those holding shorts - the daily low still not breached! Im long again @ 559 - SL daily low, TP 740
  • #128,152
  • Mar 26, 2009 6:49am Mar 26, 2009 6:49am
This might be interesting today.

News at 7:30 (cst)

And to top it all off we have the one person who just might make Bernake
look good, at least after yesterdays crap he spewed forth..

Treasury Sec Geithner Speaks
  • #128,153
  • Mar 26, 2009 6:50am Mar 26, 2009 6:50am
if E/U breaks upward then 51% up, 49% down, haha, anyway... U/C 1.1244 seems to be a water level for many days.

Quoting billye
for next 24hrs, 51% chance down, 49% up, haha, not jumping on
  • #128,154
  • Mar 26, 2009 7:01am Mar 26, 2009 7:01am
Quoting billye
for next 24hrs, 51% chance down, 49% up, haha, not jumping on
heee,,...sorry i try to said its not move up 100% but have do some zig zag move to up...eheee..
be patient, self-belief and discipline... stay focus...
  • #128,155
  • Mar 26, 2009 7:14am Mar 26, 2009 7:14am
Quoting Fx1618
GMT 0800

Bias - Range bound favoring the Bull

Trade - Long @ 1.4609 >>> Exit @ 1.569 -40pips

Next Update GMT 1200
26/03 - GMT 1200

Bias - Out for now
  • #128,156
  • Mar 26, 2009 7:28am Mar 26, 2009 7:28am
Quoting Fx1618
26/03 - GMT 1200

Bias - Out for now
Hi FX1618

Do you mind me asking where abouts your getting these trade calls from?
  • #128,157
  • Mar 26, 2009 7:33am Mar 26, 2009 7:33am
Quoting PipLand
Hi FX1618

Do you mind me asking where abouts your getting these trade calls from?

Hi PipLand, those are my own calls, based on my own system
  • #128,158
  • Mar 26, 2009 7:36am Mar 26, 2009 7:36am
Quoting Fx1618
Hi PipLand, those are my own calls, based on my own system
cool! would it be possible to post some charts with them as well so we can see where your coming from?

Cheers
  • #128,159
  • Mar 26, 2009 7:57am Mar 26, 2009 7:57am
OK Folks, As a complete newbie, This is my first chart post. Wondering if I could get some opinions about it.

The Red TL is what I was basing my buy scalps on this morning (+58 pips) so far. The way I see this, if it closes this hour above either the dashed Blue TL OR better yet, the Yellow S/R line, I'm thinking further up toward the upper dashed Blue TL.

Any thoughts/suggestions welcomed.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd_1.gif Size: 21 KB
Ghost Rider - WWTBMD?
  • #128,160
  • Mar 26, 2009 8:06am Mar 26, 2009 8:06am
Quoting albchr
OK Folks, As a complete newbie, This is my first chart post. Wondering if I could get some opinions about it.

The Red TL is what I was basing my buy scalps on this morning (+58 pips) so far. The way I see this, if it closes this hour above either the dashed Blue TL OR better yet, the Yellow S/R line, I'm thinking further up toward the upper dashed Blue TL.

Any thoughts/suggestions welcomed.
Hi Albchr,

Thanks for posting your chart, I think it makes a lot of sense.

Im currently sidelined as I expect it is possible to run upto the top blue line on your chart. This would make a very nice looking H&S on the 4hr chart.

I'm not playing a long from here as I see strong resistance. I will wait for the price to move up and then look for a signal to short (near the top blue trendline) in the hope the H&S plays out.

Might get an hours sleep for now, catch you later and good luck
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