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Cable Update (GBPUSD)

  • #217,101
  • Apr 14, 2010 2:01am Apr 14, 2010 2:01am
OK thoughts peeps. Made a few pips during zzzzzzzzzzzzz but have awaken to a feeling of dejavu.
R the bulls gonna try n test 547, if so need more puff than yesterday or do the bulls take us thru the trapdoor of 533 and below?
WHAT TO DO?
  • #217,102
  • Apr 14, 2010 2:02am Apr 14, 2010 2:02am
Quoting bbakker
Hit my TP this time!
  • #217,103
  • Apr 14, 2010 2:03am Apr 14, 2010 2:03am
Quoting free4440273
exit 5404
st


I must admit I admire ur style.

Hit and run; quick crisp and simple. And u rake them in in short bursts.

What principles/system are u adopting?
  • #217,104
  • Apr 14, 2010 2:04am Apr 14, 2010 2:04am
Quick read thru posts, tend to agree with OldRei..
Chat soon, school run..
  • #217,105
  • Apr 14, 2010 2:04am Apr 14, 2010 2:04am
Hey Paw

U R with fxcm right?

Just clicked to lodge an order at 1.5416 held as pending for about 30 secs and eventually booked it at 1.5401. First time it's happened to me. This happened to you before?
  • #217,106
  • Apr 14, 2010 2:09am Apr 14, 2010 2:09am
Quoting OldReigatian
Hey Paw

U R with fxcm right?

Just clicked to lodge an order at 1.5416 held as pending for about 30 secs and eventually booked it at 1.5401. First time it's happened to me. This happened to you before?
about 3 minutes ago correct?
Thank You
  • #217,107
  • Apr 14, 2010 2:09am Apr 14, 2010 2:09am
she's like a kid in a candy store
  • #217,108
  • Apr 14, 2010 2:10am Apr 14, 2010 2:10am
Long 5398
  • #217,109
  • Apr 14, 2010 2:10am Apr 14, 2010 2:10am
Phew! 40 pip range on London Open - Any comments anyone
  • #217,110
  • Apr 14, 2010 2:10am Apr 14, 2010 2:10am
Have just abandoned FXCM, because of carppy slippage on many trades for the last three months missed ab 100 PIPS because of that.
  • #217,111
  • Apr 14, 2010 2:11am Apr 14, 2010 2:11am
Quoting wormboy
about 3 minutes ago correct?
Correct
  • #217,112
  • Apr 14, 2010 2:11am Apr 14, 2010 2:11am
Quoting keithbridges
Phew! 40 pip range on London Open - Any comments anyone
Some like to trade the London breakout, good setup here for those.
  • #217,113
  • Apr 14, 2010 2:11am Apr 14, 2010 2:11am
Quoting cloggie
Long 5398
short 410
  • #217,114
  • Apr 14, 2010 2:12am Apr 14, 2010 2:12am
Quoting keithbridges
Phew! 40 pip range on London Open - Any comments anyone
well... that was almost as bad as some NFPs I've seen.... someone's trying to shake out the retail traders before the real move begins... keep fingers crossed... keep everything crossed... :nerd:
"The real genius is knowing when to stop." - Marc Faber
  • #217,115
  • Apr 14, 2010 2:13am Apr 14, 2010 2:13am
Quoting cableboy
short 410

Well at least we know who is on the other side of each other's trades...
  • #217,116
  • Apr 14, 2010 2:14am Apr 14, 2010 2:14am
Quoting cableboy
short 410
I think you are going in the wrong direction my friend! If you look at daily we are still in an uptrend and the wedge is narrowing!
  • #217,117
  • Apr 14, 2010 2:15am Apr 14, 2010 2:15am
Quoting OldReigatian
Correct
then you're not the only one
Scalped off dp earlier 4-5 minutes into the lo & tp ordered @27 pips. The lag filled me in @15.1 pips instead.
Thank You
  • #217,118
  • Apr 14, 2010 2:15am Apr 14, 2010 2:15am
Quoting cloggie
Well at least we know who is on the other side of each other's trades...
  • #217,119
  • Apr 14, 2010 2:17am Apr 14, 2010 2:17am
Currently I am short the GBP 1.5425, expecting a 300-400 point move as the GBP continues to break down against the USD. We got a shorting pattern on Monday which would imply a correction to atleast the .618 level.

Add into the trade on the decline and you could make well over a 1000 points on this move alone.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd trade 12 apr 2010.gif Size: 18 KB
  • #217,120
  • Apr 14, 2010 2:17am Apr 14, 2010 2:17am
Quoting cableboy
If you are scalping, then you are ok!
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