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Cable Update (GBPUSD)

  • #188,621
  • Dec 21, 2009 6:44am Dec 21, 2009 6:44am
Quoting Jemmy
with 47 pips target..how many pips your SL?
Quoting Baby-Trader
Good Question.
16 , +35 now SL TO BE, my TP is 3 times SL
"Hate the sin, love the sinner." - Gandhi
  • #188,622
  • Dec 21, 2009 6:47am Dec 21, 2009 6:47am
Quoting Baby-Trader
Trade Enterd: GBPUSD
Sell 1.6135 SL 1.6165 TP 1.6050
So far so good,
UTL & 24SMA on H1 still holds properly.
price now 1.6079 +53 pip
  • #188,623
  • Dec 21, 2009 6:48am Dec 21, 2009 6:48am
Quoting Jemmy
thanks baby-trader..that is a bad MM, R:R = 1:1..

move TP=5950 ; SL=6170..now R:R ~ 2:1..what do U think?

if my target only small pips like 30 pips, if R:R=2:1, the SL only 15 pips i think to small for cable..please give me some advices..thanks..
6080...floating +20pips, 130pips to go...(Entry=6100 SL=6170 TP=5950)..
Patience + Discipline =
  • #188,624
  • Dec 21, 2009 6:50am Dec 21, 2009 6:50am
SL moved to BE
  • #188,625
  • Dec 21, 2009 7:16am Dec 21, 2009 7:16am
Quoting Jemmy
6080...floating +20pips, 130pips to go...(Entry=6100 SL=6170 TP=5950)..
Nice, but your entry based on what?
  • #188,626
  • Dec 21, 2009 7:22am Dec 21, 2009 7:22am
Quoting Baby-Trader
Nice, but your entry based on what?
just simple MACD crossing..
Patience + Discipline =
  • #188,627
  • Dec 21, 2009 7:40am Dec 21, 2009 7:40am
Quoting Jemmy
just simple MACD crossing..

Which timeframe?
  • #188,628
  • Dec 21, 2009 8:00am Dec 21, 2009 8:00am
Quoting Jemmy
just simple MACD crossing..
Hi Jemmy,

What timeframe are you using for MACD crossover.Also, do you use the standard settings of 12, 26, 9. Thank you.
  • #188,629
  • Dec 21, 2009 8:02am Dec 21, 2009 8:02am
Quoting fxpilot
Hi Jemmy,

What timeframe are you using for MACD crossover.Also, do you use the standard settings of 12, 26, 9. Thank you.
Hi fxpilot,

I am using 1Hr MACD (12,26,9).
Patience + Discipline =
  • #188,630
  • Dec 21, 2009 8:07am Dec 21, 2009 8:07am
Quoting TheGabriel
16 , +35 now SL TO BE, my TP is 3 times SL
TP missed by 5 pips and SL to 0 was hit ...waiting to sell GBPCHF
"Hate the sin, love the sinner." - Gandhi
  • #188,631
  • Dec 21, 2009 8:18am Dec 21, 2009 8:18am
Just a quick note on gu ... major weakness has appeared ...just based on simple price action.

eu lovely 100 pip waves overnight thru Lodnon

Gu could not even move up 50 pip off a major support level.

either it is being accumulated here for move to 1.6220 to 6300 later this week or this is showing major weakness . I am favouring major weakness as daily is still down , seems the buyers power and interest may be running out , this could also be due to the lower volume week leading into Xmas.

I am selling all rallies only till 1.6400 breaks to upside.
Blogging daily now at www.volume.zone
  • #188,632
  • Dec 21, 2009 8:20am Dec 21, 2009 8:20am
Nice post, Malc.....In other words, stay with long term trend....LOL, now thats a strategy I have learned to comply with, the hard way...

Thanks for confim.

Jim

Quoting malcolmb14
Just a quick note on gu ... major weakness has appeared ...just based on simple price action.

eu lovely 100 pip waves overnight thru Lodnon

Gu could not even move up 50 pip off a major support level.

either it is being accumulated here for move to 1.6220 to 6300 later this week or this is showing major weakness . I am favouring major weakness as daily is still down , seems the buyers power and interest may be running out , this could also be due to the lower volume week leading into Xmas.

I am selling all rallies only till 1.6400 breaks...
  • #188,633
  • Dec 21, 2009 8:22am Dec 21, 2009 8:22am
Just FYI, the E/J just broke a major triple ought level plus a Daily DTL. Just for those who dabble.

Jim
  • #188,634
  • Dec 21, 2009 8:26am Dec 21, 2009 8:26am
Quoting Nene
Nice post, Malc.....In other words, stay with long term trend....LOL, now thats a strategy I have learned to comply with, the hard way...

Thanks for confim.

Jim
Jim picking bottoms is ok ..and there does seem to be buying volume 6080 , as long as stops are tight.
Blogging daily now at www.volume.zone
  • #188,635
  • Dec 21, 2009 8:30am Dec 21, 2009 8:30am
im sell at 1.6110...TP kabomming...
  • #188,636
  • Dec 21, 2009 8:37am Dec 21, 2009 8:37am
Quoting yinbyungheon
im sell at 1.6110...TP kabomming...
Good lock with the kaboom

I'm glad i folded my sell...it's up now
"Hate the sin, love the sinner." - Gandhi
  • #188,637
  • Dec 21, 2009 8:39am Dec 21, 2009 8:39am
Trade Closed @BE+2
  • #188,638
  • Dec 21, 2009 8:40am Dec 21, 2009 8:40am
Quoting Baby-Trader
Trade Closed @BE+2
BE for me too, better this way then a loss. Missed the bloody tp by 5 pips hehe...but my fault as I saw fast volume come in and tought they were buying the downmove move but I didn't close it with a bit of profit.
"Hate the sin, love the sinner." - Gandhi
  • #188,639
  • Dec 21, 2009 8:47am Dec 21, 2009 8:47am
Quoting Jemmy
6080...floating +20pips, 130pips to go...(Entry=6100 SL=6170 TP=5950)..
6110..floating -10pips (Entry=6100 SL=6170 TP=5950)..
Patience + Discipline =
  • #188,640
  • Dec 21, 2009 8:49am Dec 21, 2009 8:49am
Seems like a good move down... the trendline is strong... ive been in short all day but not much movement... closed one position with 30 pips plus and now in a trade with +10 pips...

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