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Cable Update (GBPUSD)

  • #230,341
  • Jun 7, 2010 7:54pm Jun 7, 2010 7:54pm
Quoting malcolmb14
He meant green as in newbies ,,,,

It was easier to make money 3 years ago . it was even easier only 2 months back before vix went nuts as most days the direction was set at session open for the session . London sesison gu moved about 80 pip , follow the trend on a 15 , place your trade and stop , tp of 50 pip and go to bed . You had not fear of the trade missing your tp by 1 pip and then dropping 300 pip the other way on you grabbing your 100 pip stop in the process as we are seeing these days,

Here is my story of this week.

Yesterday in...
Where do you go to look at vix?
  • #230,342
  • Jun 7, 2010 7:58pm Jun 7, 2010 7:58pm
did any body see the spike on dow dam i did miss this one was busy with es
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  • #230,343
  • Jun 7, 2010 7:59pm Jun 7, 2010 7:59pm
LOL, no I wasnt trading that pair Friday. I wasn't talking about just Non-Farm. I meant other releases too.

Jim

Quoting malcolmb14
Jim ... I guess you were not trading aj last friday on NFP .. it moved 100 pip in a few seconds
  • #230,344
  • Jun 7, 2010 8:00pm Jun 7, 2010 8:00pm
1.4463 and getting close to stoploss. No biggie if it hits. Waiting on this next 4hr Candle.

Jim

Quoting wormboy
jim what price did you enter?

was wondering that since you're already in the money, might want to keep an eye on day open price @4474 since it is still directionless, this might just drop below the dop & test the support. They are quarters btw.
But, if it clears the first resistance, think you'll make your target, tho not too sure about getting any higher than 4580 really, that pb on the h4 is a good warning.

just a thought. good luck!
  • #230,345
  • Jun 7, 2010 8:03pm Jun 7, 2010 8:03pm
Understood and Thanks, Wormy Just waiting to see if this 4 hr candle pulls back a bit, like they do sometimes when they open and a few minutes after. I agree now that I look, 1.4560 looks like a good target if we get a push.

Jim

Quoting wormboy
jim what price did you enter?

was wondering that since you're already in the money, might want to keep an eye on day open price @4474 since it is still directionless, this might just drop below the dop & test the support. They are quarters btw.
But, if it clears the first resistance, think you'll make your target, tho not too sure about getting any higher than 4580 really, that pb on the h4 is a good warning.

just a thought. good luck!
  • #230,346
  • Jun 7, 2010 8:04pm Jun 7, 2010 8:04pm
Sorry, need sleep. gonna hang for a little longer then hit the sack.

Jim

Quoting Nene
Understood and Thanks, Wormy Just waiting to see if this 4 hr candle pulls back a bit, like they do sometimes when they open and a few minutes after. I agree now that I look, 1.4560 looks like a good target if we get a push.

Jim
  • #230,347
  • Jun 7, 2010 8:06pm Jun 7, 2010 8:06pm
Quoting Nene
1.4463 and getting close to stoploss. No biggie if it hits. Waiting on this next 4hr Candle.

Jim
Quoting Nene
Shoot, I will take 20 against the trend if I can get it. Ya know, 3 years ago News releases were a lot more volatile. I can remember instant spikes within excess of 100 - 150 pips in just a few seconds.

Jim
Quoting Nene
And to me, 100 pips is scalping. And thanks to a few in here I am learning because I believe I can make even more by scalping in between my Daily positions.

Jim
And there you have it folks.

He couldn't even keep the same story for an entire thread page.

He would take 20, but is okay if s/l gets out with 0, but he scalps for 100.

This is the kinda shit that confuses people.

The stuff he should keep to his own thread. Type garbage while blowing bubbles in his spit.



Keep up the good work Jimbo.

Am guessing that maybe he added himself to his own iggy list...sure isn't reading what he writes.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,348
  • Jun 7, 2010 8:43pm Jun 7, 2010 8:43pm
Pulled 3/4 load off my long at 1.4500 +27 pips gained at 3/4. Let rest roll at B/E with sell limit at 1.4540 along with my long limit order. Long term sell still in play from 1.4730. Goodnight all.

Jim
  • #230,349
  • Jun 7, 2010 8:53pm Jun 7, 2010 8:53pm
Quoting Nene
Pulled 3/4 load off my long at 1.4500 +27 pips gained at 3/4. Let rest roll at B/E with sell limit at 1.4540 along with my long limit order. Long term sell still in play from 1.4730. Goodnight all.

Jim

Whew....

After all them fairy tales, dude finally wore himself out.

Sleep tight little fella!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,350
  • Jun 7, 2010 8:59pm Jun 7, 2010 8:59pm
Its time to go Long
Buying GBPUSD now at 1.4488
Stop 1.4440
Target: 1.4540
Second Target 1.4580

Dont folow me i might be wrong
well most of the time i am

GooD Luck Guys

Regards,
Muhammad
Don't compare your Trades with Others
  • #230,351
  • Jun 7, 2010 9:06pm Jun 7, 2010 9:06pm
Quoting DubaiFX
Its time to go Long
Buying GBPUSD now at 1.4488
Stop 1.4440
Target: 1.4540
Second Target 1.4580

Dont folow me i might be wrong
well most of the time i am

GooD Luck Guys

Regards,
Muhammad
I would at least think you'd wait until the other 3 caught up on the fall 200EMA 1m...but keep in mind...we just hit 200ema on m15....

Kinda touch n go on the long thang....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,352
  • Jun 7, 2010 9:32pm Jun 7, 2010 9:32pm
yer crackin me up, man !

Quoting Magix
Whew....

After all them fairy tales, dude finally wore himself out.

Sleep tight little fella!

"The real genius is knowing when to stop." - Marc Faber
  • #230,353
  • Jun 7, 2010 9:37pm Jun 7, 2010 9:37pm
Quoting hhitch
yer crackin me up, man !
I tried to caution the dude about sniffing glue and hitting his keyboard...

Gunna sit tight here until we break above chan...or below 200 on 1m.

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,354
  • Jun 7, 2010 9:45pm Jun 7, 2010 9:45pm
I'm thinkin maybe there is resistance here... possibly.

Quoting Magix
I tried to caution the dude about sniffing glue and hitting his keyboard...

Gunna sit tight here until we break above chan...or below 200 on 1m.

"The real genius is knowing when to stop." - Marc Faber
  • #230,355
  • Jun 7, 2010 9:49pm Jun 7, 2010 9:49pm
On a multi pair analysis....

EJ and EU have some unfinished business with the 200EMA on M15 charts.

The EG charts are at current holding support and looking a little bullish.

The GBP pairs could just hover for the next while waiting for Euro to complete the deal and all walk together looking for lowers...

Right now...

I have no trade in cable, so sitting...but eyes on all....watching the GBP pairs for trigger outside of the channel in previous charts.

Red circles are the 200ema on all pairs chart 1
EG chart, 5m, trendline <-yeah for illustration purposes only...support.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,356
  • Jun 7, 2010 9:52pm Jun 7, 2010 9:52pm
Quoting hhitch
I'm thinkin maybe there is resistance here... possibly.
I agree..but

I longed to the 200EMA on 15 and shorted all 4 on when GJ and GU hit the 200...

Took a few sheckles, but again, with the Euro pairs not completing the cycle...which can be typical...and with current support on the 1m 200...to easy to get trapped...

I can wait.

I done real nice this week so far.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,357
  • Jun 7, 2010 9:58pm Jun 7, 2010 9:58pm
I see the way you're thinking... I take it you entered on the emas crossing up and over. ever do anything with AUD ?

Quoting Magix
I agree..but

I longed to the 200EMA on 15 and shorted all 4 on when GJ and GU hit the 200...

Took a few sheckles, but again, with the Euro pairs not completing the cycle...which can be typical...and with current support on the 1m 200...to easy to get trapped...

I can wait.

I done real nice this week so far.
"The real genius is knowing when to stop." - Marc Faber
  • #230,358
  • Jun 7, 2010 10:00pm Jun 7, 2010 10:00pm
15 min ema on EU says 1.20...

Quoting Magix
On a multi pair analysis....

EJ and EU have some unfinished business with the 200EMA on M15 charts.

The EG charts are at current holding support and looking a little bullish.

The GBP pairs could just hover for the next while waiting for Euro to complete the deal and all walk together looking for lowers...

Right now...

I have no trade in cable, so sitting...but eyes on all....watching the GBP pairs for trigger outside of the channel in previous charts.

Red circles are the 200ema on all pairs chart 1
EG chart, 5m, trendline <-yeah for...
"The real genius is knowing when to stop." - Marc Faber
  • #230,359
  • Jun 7, 2010 10:08pm Jun 7, 2010 10:08pm
Quoting hhitch
I see the way you're thinking... I take it you entered on the emas crossing up and over. ever do anything with AUD ?
I can honestly say I have never opened an AUD pair chart....

Cripes man, I am barely smart enough to fumble threw these ones....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,360
  • Jun 7, 2010 10:09pm Jun 7, 2010 10:09pm
Quoting hhitch
15 min ema on EU says 1.20...
Yeah, and with that, who is to say that cable won't find a little more energy...


I don't need to be in every trade, but I am still holding a few Euro longs.....

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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