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Cable Update (GBPUSD)

  • #148,781
  • Jul 21, 2009 4:24pm Jul 21, 2009 4:24pm
Quoting LizardGizzard
Which way will the triangle break? Methinks to the south and if the 4HR TL is taken out below 6360. yeeikes. Looks poised acaross the board for a dollar rally. Closing above 6500 would be your upward break.
Yeah, I'm sitting here with a 2 lot pending short at 6460 and it hasn't moved a pip since I placed it...LOL
Ghost Rider - WWTBMD?
  • #148,782
  • Jul 21, 2009 4:30pm Jul 21, 2009 4:30pm
Quoting albchr
Yeah, I'm sitting here with a 2 lot pending short at 6460 and it hasn't moved a pip since I placed it...LOL
short around where price is right now seems okay to me. but what do i know
Catch ya london session. later bro
Thank You
  • #148,783
  • Jul 21, 2009 4:35pm Jul 21, 2009 4:35pm
Pending how, buy or sell? If sell nice catch then.
"Hate the sin, love the sinner." - Gandhi
  • #148,784
  • Jul 21, 2009 4:35pm Jul 21, 2009 4:35pm
Quoting wormboy
short around where price is right now seems okay to me. but what do i know
Catch ya london session. later bro
Yeah watching her slip away here. remember buddy...big positions...LOL

Don't like to get too far away from those S/R's
Ghost Rider - WWTBMD?
  • #148,785
  • Jul 21, 2009 4:38pm Jul 21, 2009 4:38pm
At the moment I'm scalping using the 5M and 1M with reference to 15M

Scalped one earlier: Short @ 1.6457 for a quick £10 (I have a spreadbet account). Just closed another scalp Short @ 1.6450, TP @ 1.6443.

Longer Term, I'm Long but I'm waiting on the 4H and 1H timeframes to give me better signal. Maybe someone can give a VSA comment on the 4H chart?
A pip is only worth it if you know how much you risked to earn it
  • #148,786
  • Jul 21, 2009 4:42pm Jul 21, 2009 4:42pm
Quoting albchr
Yeah, I'm sitting here with a 2 lot pending short at 6460 and it hasn't moved a pip since I placed it...LOL
I think the direction is down, but I shall wait for the London opening. This is still a range bound market and I would like to see the responce of the Asian equity to the US closing. There is still a possibibility of a one spike high before cable retracement to 1.58 region accomplished by the end of this month.
Make sure losses are small and profits are bigger!
  • #148,787
  • Jul 21, 2009 4:43pm Jul 21, 2009 4:43pm
Quoting 2be
I think the direction is down, but I shall wait for the London opening. This is still a range bound market and I would like to see the responce of the Asian equity to the US closing. There is still a possibibility of a one spike high before cable retracement to 1.58 region accomplished by the end of this month.
Just took the 2 lot short at 6456. Commited now...LOL
Ghost Rider - WWTBMD?
  • #148,788
  • Jul 21, 2009 4:48pm Jul 21, 2009 4:48pm
Double bottom, cough.
  • #148,789
  • Jul 21, 2009 4:57pm Jul 21, 2009 4:57pm
Quoting vlady1974
At the moment I'm scalping using the 5M and 1M with reference to 15M

Scalped one earlier: Short @ 1.6457 for a quick £10 (I have a spreadbet account). Just closed another scalp Short @ 1.6450, TP @ 1.6443.

Longer Term, I'm Long but I'm waiting on the 4H and 1H timeframes to give me better signal. Maybe someone can give a VSA comment on the 4H chart?
Hi vlady,
I shall be long (multientry mid temr trading) after cable established the more significant low in the 1.58 region. Till then I shall be scalping both ways using momentum.
I find VSA analysis more usable at the hights of activity at the London and US session, and I use them in addition to the PA in relation to some MA. H4 VSA points to a failed retest of the low, but the price is not at any significant level atm, and the market is usually slow, until the Tokyo open. I am flat, though I have taken a few fast scalps (shorting). For time being my sentiment is to short when I spot a good trade.
Make sure losses are small and profits are bigger!
  • #148,790
  • Jul 21, 2009 4:59pm Jul 21, 2009 4:59pm
Quoting KillPhil08
Double bottom, cough.
LOL...depends on how you look at it Phil. Could be a double top off 6460 too...

But I'm at BE+ 1 anyway.....
Ghost Rider - WWTBMD?
  • #148,791
  • Jul 21, 2009 5:01pm Jul 21, 2009 5:01pm
Quoting albchr
Just took the 2 lot short at 6456. Commited now...LOL
Trendline seems to be holding. Where did you place your Stop Loss?
On a journey to consistency.
  • #148,792
  • Jul 21, 2009 5:03pm Jul 21, 2009 5:03pm
had a killer day, everythings played out very well today. just fixed my strat (rangebound tradin) ..

a insight..

good night guys.
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  • #148,793
  • Jul 21, 2009 5:04pm Jul 21, 2009 5:04pm
Quoting albchr
LOL...depends on how you look at it Phil. Could be a double top off 6460 too...

But I'm at BE+ 1 anyway.....
That is smart, to bring it at BE at this time.
Make sure losses are small and profits are bigger!
  • #148,794
  • Jul 21, 2009 5:05pm Jul 21, 2009 5:05pm
Board seems to be 50split. If you really want to get in a direction, play this inside bar perhaps.

4th time I've said this:

Asia first, London follows. USA retrace. Works a charm last 3 weeks.

Not sure about tonight as Asia doesn't start at an extreme though, more in he middle of tpdays range.

Good night and good trading.

Won't be on here much.
  • #148,795
  • Jul 21, 2009 5:06pm Jul 21, 2009 5:06pm
Quoting 2be
That is smart, to bring it at BE at this time.

I take no chances with large lots on a small account when it's bread & Butter money...LOL

If it takes me out, I can re-evaluate & get back in. if it runs, I pay the mortgage.
Ghost Rider - WWTBMD?
  • #148,796
  • Jul 21, 2009 5:08pm Jul 21, 2009 5:08pm
Quoting KillPhil08
Board seems to be 50split. If you really want to get in a direction, play this inside bar perhaps.

4th time I've said this:

Asia first, London follows. USA retrace. Works a charm last 3 weeks.

Not sure about tonight as Asia doesn't start at an extreme though, more in he middle of tpdays range.

Good night and good trading.

Won't be on here much.
Yesterday it was a good short entry, I agree, but I am not that commited this time around, shall wait till the morning
Make sure losses are small and profits are bigger!
  • #148,797
  • Jul 21, 2009 5:09pm Jul 21, 2009 5:09pm
Quoting slykyn
had a killer day, everythings played out very well today. just fixed my strat (rangebound tradin) ..

a insight..

good night guys.
Ghost Rider - WWTBMD?
  • #148,798
  • Jul 21, 2009 5:10pm Jul 21, 2009 5:10pm
Quoting albchr
I take no chances with large lots on a small account when it's bread & Butter money...LOL

If it takes me out, I can re-evaluate & get back in. if it runs, I pay the mortgage.
Good for you, and I wish you many good trades!!!
Make sure losses are small and profits are bigger!
  • #148,799
  • Jul 21, 2009 5:15pm Jul 21, 2009 5:15pm
Quoting 2be
Good for you, and I wish you many good trades!!!
Thank you....
Ghost Rider - WWTBMD?
  • #148,800
  • Jul 21, 2009 5:26pm Jul 21, 2009 5:26pm
Quoting albchr
LOL...depends on how you look at it Phil. Could be a double top off 6460 too...

But I'm at BE+ 1 anyway.....
I've been getting back my losses from a series of bad trades last week and a bit. 56 more pips and I'm BE. We'll just have to see what the Asian market does tonite...
A pip is only worth it if you know how much you risked to earn it
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