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Cable Update (GBPUSD)

  • #150,141
  • Jul 23, 2009 10:22am Jul 23, 2009 10:22am
Yep it broke



Quoting Bones
Hey Np Azim ,I think may be the Uk 100 will break up ,looks bullish
Attached Image (click to enlarge)
Click to Enlarge Name: 50) uk 100 h4 22 july 09 no 2.gif Size: 14 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #150,142
  • Jul 23, 2009 10:22am Jul 23, 2009 10:22am
Quoting 2be
I am long, reversed sentiment, as the 1.6556 has been taken, I scalp with reasonable amount to make it worthwhile, but not as much as a position trade with multiple entires
Out with a few pips profit, have to do some thinking on Delta count.
That is for me for the day, (probably)
ATR is only 136 pips so there is likely more to come, probably to the upside.
Make sure losses are small and profits are bigger!
  • #150,143
  • Jul 23, 2009 10:23am Jul 23, 2009 10:23am
close long @1.6560 .... phewwwwwwwwwww

Quoting ranhat007
hope can reach 1.6600 by today ...phewwwwwww
  • #150,144
  • Jul 23, 2009 10:23am Jul 23, 2009 10:23am
Quoting roreki
Good one buddy , wt's ur TP anyway

reach SL... i'll enter another position


Sell @ 1.6600 TP 1.6500
  • #150,145
  • Jul 23, 2009 10:25am Jul 23, 2009 10:25am
short at 16611 or 16600
  • #150,146
  • Jul 23, 2009 10:26am Jul 23, 2009 10:26am
Long 6564 SL 6544 TP open
Ghost Rider - WWTBMD?
  • #150,147
  • Jul 23, 2009 10:27am Jul 23, 2009 10:27am
Quoting Andre88
reach SL... i'll enter another position


Sell @ 1.6600 TP 1.6500
Good one too , hope u get luck this time
  • #150,148
  • Jul 23, 2009 10:28am Jul 23, 2009 10:28am
Man its very contrarian in here
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #150,149
  • Jul 23, 2009 10:28am Jul 23, 2009 10:28am
Closed position with 100pips from support 460

_________________________

when to use MA
  • #150,150
  • Jul 23, 2009 10:28am Jul 23, 2009 10:28am
Quoting Andre88
reach SL... i'll enter another position


Sell @ 1.6600 TP 1.6500
Could never understand why ppl try to call the top - the trend is up - just go with the flow - buy the dips.
  • #150,151
  • Jul 23, 2009 10:29am Jul 23, 2009 10:29am
Quoting Bones
Man its very contrarian in here
Talk about...
  • #150,152
  • Jul 23, 2009 10:29am Jul 23, 2009 10:29am
Hey maybe wishes do come true - looks like 66 is reachable - lol
  • #150,153
  • Jul 23, 2009 10:30am Jul 23, 2009 10:30am
Quoting KillPhil08
short at 16611 or 16600
b4 shorting I want to see ATR around 200, so far 153, so shorting a from above 1.6600 could be a reasonable thing to consider
Make sure losses are small and profits are bigger!
  • #150,154
  • Jul 23, 2009 10:30am Jul 23, 2009 10:30am
Quoting KillPhil08
short at 16611 or 16600
Why arbitrarily short at 6600 without having Price action confirm your suspicions? Just curious as to people's motives. I see a snorting bull with plenty of thrust since this morning. I'd certainly need to see something serious to reverse.
There's always money in the banana stand.
  • #150,155
  • Jul 23, 2009 10:30am Jul 23, 2009 10:30am
Quoting stewrigh
Could never understand why ppl try to call the top - the trend is up - just go with the flow - buy the dips.

are you expecting a range up to 1.6600???? i think we need a retrace...
  • #150,156
  • Jul 23, 2009 10:30am Jul 23, 2009 10:30am
Quoting albchr
OK, here's a newbie question for you scalpers. When you scalp, do you use your normal position size or cut down on it?

I can see where if I was good at it, I could have made a decent amount over the last 10 or so hours.
But I thought you were scalpingChris??
  • #150,157
  • Jul 23, 2009 10:31am Jul 23, 2009 10:31am
Attached Image (click to enlarge)
Click to Enlarge Name: forex2.GIF Size: 13 KB


here is my support line,

________________

when to use MA

.
  • #150,158
  • Jul 23, 2009 10:32am Jul 23, 2009 10:32am
Quoting Andre88
are you expecting a range up to 1.6600???? i think we need a retrace...
See my posts from this morning and yesterday - 66 is the top of range.
  • #150,159
  • Jul 23, 2009 10:35am Jul 23, 2009 10:35am
Quoting stewrigh
But I thought you were scalpingChris??
No man, never really learned how to properly. I took one or two trades that I made a few from but that's it. And with this choppy PA, they were small positions.
Ghost Rider - WWTBMD?
  • #150,160
  • Jul 23, 2009 10:36am Jul 23, 2009 10:36am
Round numbers. Just look at GJ reaction to 15700 15650 15700 15700topside.

I'm just looking at the top of a 4hour channel.
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