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Cable Update (GBPUSD)

  • #132,481
  • May 15, 2009 6:37am May 15, 2009 6:37am
Quoting PipLand
I would be carefull with your stops and position sizes on that kind of thinking. Your right we havent seen huge moves like in the past months recently, but that is because sentiment has been stabalising and the volatility index has been improving. However the index has started to worsen once again and therefore puts us at risk of bigger moves again.
i usually only open maximum 4 transaction . in not a big ammount, and the worse is leaving 2 hanging . but yes of course i will think about stop loss.

today when im out for business . i put 5170 as stop transaction...if it hit 5170 then all is done (with small profit), but when i come home it didnt hit...so i just adjust again my transaction.
- Always pray on your trading - God know the best for everyone
  • #132,482
  • May 15, 2009 6:37am May 15, 2009 6:37am
Quoting kingindian
i dont know about ema and dont understand about it
to 5300 is still a maybe for me (to happen today), next week maybe we will at 5300 again..if there is no fundamental problem.
Noted with thanks..
See u next week..http://www.forexfactory.com/images/icons/icon6.gif
  • #132,483
  • May 15, 2009 6:44am May 15, 2009 6:44am
Quoting kingindian
i usually only open maximum 4 transaction . in not a big ammount, and the worse is leaving 2 hanging . but yes of course i will think about stop loss.

today when im out for business . i put 5170 as stop transaction...if it hit 5170 then all is done (with small profit), but when i come home it didnt hit...so i just adjust again my transaction.

Hey King great to see you thought about the advise i gave you.

The pro's use SL's so best if we do . The trick is to get them right, each trade needs to be planned differently, some dont need much risk so tight sl is good. Others need more room to breathe.
  • #132,484
  • May 15, 2009 6:46am May 15, 2009 6:46am
another free 30 pips from history level

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History Level GBPUSD

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  • #132,485
  • May 15, 2009 6:47am May 15, 2009 6:47am
Quoting riggster
Hey King great to see you thought about the advise i gave you.

The pro's use SL's so best if we do . The trick is to get them right, each trade needs to be planned differently, some dont need much risk so tight sl is good. Others need more room to breathe.
well yes. thanks for your advice, i wont risk my account when im not with it.
- Always pray on your trading - God know the best for everyone
  • #132,486
  • May 15, 2009 6:47am May 15, 2009 6:47am
Quoting riggster
Pip, He doesnt use stops so he wont have to worry about them!
NO stops! thats a ticking time bomb, in most recent times makes me think about the SNB's Intervention of CHF!
  • #132,487
  • May 15, 2009 6:51am May 15, 2009 6:51am
anyone going long her? Not sure where this is headed with CIP data coming out
  • #132,488
  • May 15, 2009 6:53am May 15, 2009 6:53am
Quoting PipLand
NO stops! thats a ticking time bomb, in most recent times makes me think about the SNB's Intervention of CHF!
Yeh. 'fx intervention is the strongest instrument to easy monitary difficulties'
  • #132,489
  • May 15, 2009 6:54am May 15, 2009 6:54am
Quoting kingindian
well yes. thanks for your advice, i wont risk my account when im not with it.
Even when your with it with no SL you gotta have a pretty fast trigger finger!

check out this 5min time frame 12 March 09

Nearly a 400 pip move!
Attached Image (click to enlarge)
Click to Enlarge Name: 5min.gif Size: 51 KB
  • #132,490
  • May 15, 2009 6:55am May 15, 2009 6:55am
Quoting PipLand
NO stops! thats a ticking time bomb, in most recent times makes me think about the SNB's Intervention of CHF!
what happened at that time?
- Always pray on your trading - God know the best for everyone
  • #132,491
  • May 15, 2009 6:56am May 15, 2009 6:56am
Quoting PipLand
Even when your with it with no SL you gotta have a pretty fast trigger finger!

check out this 5min time frame 12 March 09

Nearly a 400 pip move!

Remember the day well ! Was on the sidelines at the time .
  • #132,492
  • May 15, 2009 6:58am May 15, 2009 6:58am
Quoting kingindian
what happened at that time?
SNB announced they would intervene to stop the swiss frank appreciating
  • #132,493
  • May 15, 2009 6:58am May 15, 2009 6:58am
Quoting riggster
Remember the day well ! Was on the sidelines at the time .
me too
  • #132,494
  • May 15, 2009 7:01am May 15, 2009 7:01am
See how GU respect history level

Attached Image (click to enlarge)
Click to Enlarge Name: forex.GIF Size: 13 KB


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History Levels GBPUSD

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  • #132,495
  • May 15, 2009 7:02am May 15, 2009 7:02am
expect this to make a major move today...........check USD/CHF maybe SNB started promised intervention , getting ready for next week maybe already making nice bulish candle in USD/CHF(weekly candle) I will short big time GBP/$ at close of session hope to add shorts around 1.52

King man you will be in trouble with longs have your SL
BANDA333
  • #132,496
  • May 15, 2009 7:04am May 15, 2009 7:04am
Quoting BANDA
expect this to make a major move today...........check USD/CHF maybe SNB started promised intervention , getting ready for next week maybe already making nice bulish candle in USD/CHF(weekly candle) I will short big time GBP/$ at close of session hope to add shorts around 1.52

King man you will be in trouble with longs have your SL
Hey Banda, I was just about to say it looks like the SNB is delivering their promises lol!
  • #132,497
  • May 15, 2009 7:05am May 15, 2009 7:05am
Quoting BANDA
expect this to make a major move today...........check USD/CHF maybe SNB started promised intervention , getting ready for next week maybe already making nice bulish candle in USD/CHF(weekly candle) I will short big time GBP/$ at close of session hope to add shorts around 1.52

King man you will be in trouble with longs have your SL
Banda, what are your thoughts for weekend stop?
  • #132,498
  • May 15, 2009 7:06am May 15, 2009 7:06am
Quoting errich fx
See how GU respect history level

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History Levels GBPUSD

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Dude
  • #132,499
  • May 15, 2009 7:08am May 15, 2009 7:08am
look the way this move only up I would say SL around 1.54area ? I trade small so that would be SL
BANDA333
  • #132,500
  • May 15, 2009 7:10am May 15, 2009 7:10am
Quoting BANDA
look the way this move only up I would say SL around 1.54area ? I trade small so that would be SL
Cool, did you add at 152 ??
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