Cable Update (GBPUSD)
- #207,582
- Mar 18, 2010 11:38am Mar 18, 2010 11:38am
guess it depends on your experience level and reasons for thinking this. But why would you want to be bull now with all the potential downside and 5420 propably being the top if we havent reached the top yet?
I think it was bakker who said, why get on the train just to go to the last stop when its close enough to walk and get on the much further train back down???
- #207,583
- Mar 18, 2010 11:39am Mar 18, 2010 11:39am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
Then put a line on your chart and see where it goes from here...
will wait for it to go higher... You're right about 56 though, it seems very stubborn and was touched a couple of time before today...
EDIT! its interesting to see the 56 is half way down from the sudden drop we had?
@pawpaw1000 on Twitter
- #207,585
- Mar 18, 2010 11:39am Mar 18, 2010 11:39am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Short @ 5244, s/l @ 5304, t/p @ 5154
Trade parameters based purely on quantitative model, which, in this instance, is trying to exploit the pick up in intraday momentum.
Good luck
Thank You 
- #207,586
- Mar 18, 2010 11:41am Mar 18, 2010 11:41am
- Joined Jun 2008 | Status: Trader | 1,739 Posts
welcome to the vengabears club paul
I've not been on here much recently. Let me have a look on your thread to see what you're up to, my friend.
Cheers
- #207,587
- Mar 18, 2010 11:41am Mar 18, 2010 11:41am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,588
- Mar 18, 2010 11:44am Mar 18, 2010 11:44am
yeah but these guys are risking 60 pips for 100... I'm not into that type of thing...
will wait for it to go higher... You're right about 56 though, it seems very stubborn and was touched a couple of time before today...
EDIT! its interesting to see the 56 is half way down from the sudden drop we had?
- #207,590
- Mar 18, 2010 11:44am Mar 18, 2010 11:44am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,591
- Mar 18, 2010 11:45am Mar 18, 2010 11:45am
I reckon you could get 50 pips, just that there is alot of downside risk. But if you have s/l at break even, WHY NOT! let the good times roll brother...
- #207,592
- Mar 18, 2010 11:46am Mar 18, 2010 11:46am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,594
- Mar 18, 2010 11:52am Mar 18, 2010 11:52am
normally I scalp the 1min but in the market we have had I was looking at 15min and 5min... Today the 1min worked well except I was offline for 150min during the day with internet problems. Still made about 70 pips today!
Cable still hovering 5250 ,,,,,,,,,,,,, Did everyone in NY gone to sleep or they just cant be bother?????
- #207,595
- Mar 18, 2010 11:57am Mar 18, 2010 11:57am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,596
- Mar 18, 2010 11:58am Mar 18, 2010 11:58am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,598
- Mar 18, 2010 12:04pm Mar 18, 2010 12:04pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,599
- Mar 18, 2010 12:05pm Mar 18, 2010 12:05pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
well I'm watching 1min charts and looks like its ranging nicely so I'm gonna scalp a quick 10 pips. Short from 5253, tp 5243...
just as I enter it breaks range and runs off!!!
AIAIAIAI!
@pawpaw1000 on Twitter
- #207,600
- Mar 18, 2010 12:06pm Mar 18, 2010 12:06pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter