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Cable Update (GBPUSD)

  • #198,561
  • Feb 8, 2010 9:25am Feb 8, 2010 9:25am
Quoting jp09
been scalping a bit today, but not very well to be honest. lost a few trades so looking to wait for further confirmation by using 5m signals as well as 1m signals now.

took a short just now @ 15615. looking for 15590 TP. SL just above the upper trendline.
With support on the 5m chart, as of current, I would think you should be looking at the scalps to the north side...but I guess this all depends on what or how many you are trying to take....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,562
  • Feb 8, 2010 9:28am Feb 8, 2010 9:28am
Hi all,

I want to ask, is there any special behavior from currency market before Chinese new year?
Patience + Discipline =
  • #198,563
  • Feb 8, 2010 9:32am Feb 8, 2010 9:32am
Inserted Video
  • #198,564
  • Feb 8, 2010 9:33am Feb 8, 2010 9:33am
Quoting jp09
been scalping a bit today, but not very well to be honest. lost a few trades so looking to wait for further confirmation by using 5m signals as well as 1m signals now.

took a short just now @ 15615. looking for 15590 TP. SL just above the upper trendline.
jp magix beat me to it lol, your averages look similar to mine on the 5 minute chart, this is the 1st time we have held above your green average , I have a few longs from the bottom , added a few at your green average on the bounce down to it on the right side of chart , not saying its right or wrong but the short side could be tough sledding for a bit , Havent gained a whole lot of traction on either side tho
  • #198,565
  • Feb 8, 2010 9:36am Feb 8, 2010 9:36am
Yes, Dragon shakes her booty!!!

Quoting Jemmy
Hi all,

I want to ask, is there any special behavior from currency market before Chinese new year?
Ride the Bulls bearback!
  • #198,566
  • Feb 8, 2010 9:38am Feb 8, 2010 9:38am
Next immediate resistance chart wise that I see to the topside, and of course this is under assumption that we continue support for the longside, is @ about 1.5673.

Just what my charts are currently saying, feel free to play as you normally would.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,567
  • Feb 8, 2010 9:39am Feb 8, 2010 9:39am
yep i scaled in quite a lot initially but cut back straight away when the market didnt bounce as id hoped so im only in with 1 lot short. if it breaks upward ive got a SL to cover me and i will wait for the loss.
  • #198,568
  • Feb 8, 2010 9:40am Feb 8, 2010 9:40am
and just as i was typing we've tested the upper line!

eyes on the line, if a solid break im out and ill wait for long opportunity if it arises in enxt couple of hours
thanks guys
  • #198,569
  • Feb 8, 2010 9:41am Feb 8, 2010 9:41am
Quoting Jemmy
Hi all,

I want to ask, is there any special behavior from currency market before Chinese new year?
This make me think, during the CNY period, this means absent of players from HK, Tokyo, Singapore, Taiwan, ..... (basically East). What are the opportunity for the West?

Drive J sky high easily???
Face both Win and Lose bravely
  • #198,570
  • Feb 8, 2010 9:42am Feb 8, 2010 9:42am
http://www.forexfactory.com/attachme...1&d=1265643630
Attached Image (click to enlarge)
Click to Enlarge Name: mando.JPG Size: 68 KB
If you count on hope in any trade ……. Get out of it
  • #198,571
  • Feb 8, 2010 9:44am Feb 8, 2010 9:44am
Quoting jp09
and just as i was typing we've tested the upper line!

eyes on the line, if a solid break im out and ill wait for long opportunity if it arises in enxt couple of hours
thanks guys
we are at the weekly close atm , holding it up slightly weekly open just above 1.5658 beyond that as magix says
  • #198,572
  • Feb 8, 2010 9:46am Feb 8, 2010 9:46am
1.5658 R2
1.5697 R3
  • #198,573
  • Feb 8, 2010 9:48am Feb 8, 2010 9:48am
Quoting Jemmy
Hi all,

I want to ask, is there any special behavior from currency market before Chinese new year?
i don't think that Chinese New Year will give an impact to market currency..
  • #198,574
  • Feb 8, 2010 9:51am Feb 8, 2010 9:51am
hai...
if anyone short from 1.5630?....
Revesal Trader
  • #198,575
  • Feb 8, 2010 9:52am Feb 8, 2010 9:52am
Quoting mygoldenpips
hai...
if anyone short from 1.5630?....
Long to 1.5658
  • #198,576
  • Feb 8, 2010 9:53am Feb 8, 2010 9:53am
Quoting mygoldenpips
hai...
if anyone short from 1.5630?....
I closed out 3 of my longs, holding 1 still, will look to add long again on retrace if support holds, but as for going short, and as typical, I might be a little late to the party, I see no confirmation.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,577
  • Feb 8, 2010 9:58am Feb 8, 2010 9:58am
Quoting Magix
I closed out 3 of my longs, holding 1 still, will look to add long again on retrace if support holds, but as for going short, and as typical, I might be a little late to the party, I see no confirmation.
tq
Revesal Trader
  • #198,578
  • Feb 8, 2010 9:58am Feb 8, 2010 9:58am
yep magix, im out. broke through my TL so will wait for a long opportunity.
  • #198,579
  • Feb 8, 2010 10:00am Feb 8, 2010 10:00am
Quoting forexlion
http://www.youtube.com/watch?v=9ANqAZvT3uc&NR=1
One question for you, why dont the moose just run away to save his life?
Face both Win and Lose bravely
  • #198,580
  • Feb 8, 2010 10:02am Feb 8, 2010 10:02am
Enter another long to 1.5697
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