Shorting at 5505...SL 5550
Cable Update (GBPUSD)
that's a tight order
5 pip SL is very tight bro.
anyway 1.5500 is a very tough resistance. Let's see if the current break above it is a false breakout or will the pair aim as high as 1.5625.
Staying away so far.
at 9:30 GMT...
- #133,066
- May 20, 2009 3:02am May 20, 2009 3:02am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
hi. i m new here. please advise me if i m wrong.
since 5435 and 5515 is S&R. rather than wasting time waiting for break, i scalp since morning. gain 50 ++ so far.
i think it will break long because major and medium trend shows bullish. and my reference with GJ and USDX. GJ already trap in acending triangle, signal for north and USDX trap in dcending triangle, signal for south. GU will go long untill fibo 38.2 (daily) for correction.
i m still hold long at 5435 daily pivot.
- #133,070
- May 20, 2009 3:24am May 20, 2009 3:24am
Like this, but wait till post news, 15mins to go why risk it now....
futhermore they will also follow the principle - SR, Fibo, round number, breakout and trendline.its ok i put long now as far i follow the golden rule. SL.
5 min and to go short....
so far i m not believe in news because big boys will do whatever they like. maybe i dont know how read it
its ok i put long now as far i follow the golden rule. SL.
Your right, but I use a tight stop loss and the news tends to knock me out if I am not careful.
I am waiting for the trend to reassert itself we are just in choppy waters right now no clear direction just yet, well not for me anyway.
- #133,080
- May 20, 2009 3:38am May 20, 2009 3:38am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
