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Cable Update (GBPUSD)

  • #139,901
  • Jun 24, 2009 1:07pm Jun 24, 2009 1:07pm
Quoting alex1976
Malcomb, when going for the big move at London open, is it best using a stop of at least say 100pips?


Also do you ever take trades against the trend or do you stick with trades in direction of trend, as you always say you don't like to swim up river?
my stops are 40 pip gu and 50 gj . If I get 30 pip draw down on scalps i know my entry set up was not right and may get out of trade right away.

I do take trades against the trend if i see reason to 9some kind of topping or basing pattern on a 15 min chart). Often price action will tell. Yesterday on that wicked up move it was buy all the way. The intention was clear. Today at top of market in that 100 pip channel was both way trades. ( but i was only taking longs).
Blogging daily now at www.volume.zone
  • #139,902
  • Jun 24, 2009 1:20pm Jun 24, 2009 1:20pm
6420 long ? that last 5 min down no vol .... shake out..waiting
Blogging daily now at www.volume.zone
  • #139,903
  • Jun 24, 2009 1:25pm Jun 24, 2009 1:25pm
first move after news is the false one

going long and using the winnings to buy a barrett 50 caliber sniping rifle

some big snipe round here
  • #139,904
  • Jun 24, 2009 1:35pm Jun 24, 2009 1:35pm
exactly the same last cut rate, when the rate hold the dollar gets strong.


Angelina.
  • #139,905
  • Jun 24, 2009 1:38pm Jun 24, 2009 1:38pm
let's see if 6330 holds ... I need my breakout!
Thank You
  • #139,906
  • Jun 24, 2009 1:44pm Jun 24, 2009 1:44pm
Selling Retracements now.....................
Let Price determine your future!
  • #139,907
  • Jun 24, 2009 1:45pm Jun 24, 2009 1:45pm
6385 is very strong resistance there if it hold we 'll see 66 or at least 6485 area again if not need testing 6330 for the downside.

long 6375 tp 6430
Angelina.
  • #139,908
  • Jun 24, 2009 1:45pm Jun 24, 2009 1:45pm
This 400 pip range has lasted quite a while!

I wonder whats going to lead us to a breakout?
  • #139,909
  • Jun 24, 2009 1:49pm Jun 24, 2009 1:49pm
Quoting alex1976
This 400 pip range has lasted quite a while!

I wonder whats going to lead us to a breakout?
A prayer.
Thank You
  • #139,910
  • Jun 24, 2009 1:49pm Jun 24, 2009 1:49pm
Quoting alex1976
This 400 pip range has lasted quite a while!

I wonder whats going to lead us to a breakout?
Thats more like it why get invloved....The wormboy theory...wait for the actual break out you are never gonna miss pips

Good Luck
Let Price determine your future!
  • #139,911
  • Jun 24, 2009 1:50pm Jun 24, 2009 1:50pm
low vol test 5 min
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  • #139,912
  • Jun 24, 2009 1:58pm Jun 24, 2009 1:58pm
no1 long with me?? or waiting for retracement ang sell?

Hopefuly she dont hit my BE

GoodLuck all.



Angelina.
  • #139,913
  • Jun 24, 2009 2:06pm Jun 24, 2009 2:06pm
Quoting Angelina
no1 long with me?? or waiting for retracement ang sell?

Hopefuly she dont hit my BE

GoodLuck all.



Angelina.
Just got out of a meeting-- my last long at 1.6384 ( had a limit order there) opened.
  • #139,914
  • Jun 24, 2009 2:07pm Jun 24, 2009 2:07pm
Quoting Angelina
no1 long with me?? or waiting for retracement ang sell?

Hopefuly she dont hit my BE

GoodLuck all.



Angelina.
waiting for asia....unless i see ES start moving up .
Blogging daily now at www.volume.zone
  • #139,915
  • Jun 24, 2009 2:08pm Jun 24, 2009 2:08pm
yes i am long - nothing happened so why should euro gbp drop ? because no rate hike means the world economy is going down so the dollar is the reserve currency so buy it ?

What a load of twaddle - they will all get their knickers in a twist throwing wild contrarian arguments around and then get back to business as usual

I am off to buy a gun so I can defend my home against wild eyed christians who might think I am an abortion doctor
  • #139,916
  • Jun 24, 2009 2:10pm Jun 24, 2009 2:10pm
Quoting LuckyRoost
Just got out of a meeting-- my last long at 1.6384 ( had a limit order there) opened.
If it breaks here I'll wait for 6245-70 long again
4 more pips hit my tp but down back my BE .
Testing 6385 again. I long again 6377.

Angelina.
  • #139,917
  • Jun 24, 2009 2:12pm Jun 24, 2009 2:12pm
Quoting allserene
yes i am long - nothing happened so why should euro gbp drop ? because no rate hike means the world economy is going down so the dollar is the reserve currency so buy it ?

What a load of twaddle - they will all get their knickers in a twist throwing wild contrarian arguments around and then get back to business as usual

I am off to buy a gun so I can defend my home against wild eyed christians who might think I am an abortion doctor
Thank You
  • #139,918
  • Jun 24, 2009 2:14pm Jun 24, 2009 2:14pm
I'm watching Eur/GBP--it will go up first, with E/U and then G/U

USD/CHF made excessive upward move upward ( I shorted once for 30 pips off the top). it needs to fall to bring the pairs back-- (and e/u w/ e/g will rise)

So goes my stupid theory anyway...
  • #139,919
  • Jun 24, 2009 2:21pm Jun 24, 2009 2:21pm
I was trading Gj at the time, it fluxed like hell.
Well I guess everything is selling.
Ulasvalas
Good luck Guys
  • #139,920
  • Jun 24, 2009 2:22pm Jun 24, 2009 2:22pm
Quoting LuckyRoost
I'm watching Eur/GBP--it will go up first, with E/U and then G/U

USD/CHF made excessive upward move upward ( I shorted once for 30 pips off the top). it needs to fall to bring the pairs back-- (and e/u w/ e/g will rise)

So goes my stupid theory anyway...

i do not think we will see any upward reaction to downmove till London if those pros are still interested in buying . We may even see a low volume into 6300 or 6250 ... that seems the price they want to buy at .
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