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Cable Update (GBPUSD)

  • #240,841
  • Jul 26, 2010 6:22am Jul 26, 2010 6:22am
Quoting steroidman
Cloggie, good insight I believe.

The big boys are fighting over 1.55, I am just waiting to see who is going to win this one before committing to a longer term trade, just buying the dips all morning TP'ing at 1.55. As soon as one of them gives up the fight we should have a nice little runner on our hands. EG is still holding at support and Eu is showing a little sign of life now. Closed my EJ and UJ shorts for now.
  • #240,842
  • Jul 26, 2010 6:22am Jul 26, 2010 6:22am
What a nice trades you had there... How I envy you...

If it is longer term you are suggesting, I'd consider it, since there is too much panic I had trading shorter term like now...

Quoting ndsouz
294153182010.07.26 11:37buy0.30gbpusd1.546521.546900.000002010.07.26 13:061.549660.000.000.00 94.20
294171362010.07.26 12:19buy0.10gbpusd1.547861.546901.550002010.07.26 13:061.549660.000.000.00 18.00
294171552010.07.26 12:20buy0.10gbpusd1.547601.546901.550002010.07.26 13:061.549580.000.000.00 19.80
294171562010.07.26 12:20buy0.10gbpusd1.547601.546901.550002010.07.26 13:061.549580.000.000.00 19.80
294171602010.07.26 12:20buy0.10gbpusd1.547691.546901.550002010.07.26 13:061.549520.000.000.00 18.30
  • #240,843
  • Jul 26, 2010 6:24am Jul 26, 2010 6:24am
iv got a hunch its a good place to short , with a sl of 50 and tp 100 , thats what iv done.

time will tell
  • #240,844
  • Jul 26, 2010 6:27am Jul 26, 2010 6:27am
Quoting cloggie
Except for the scalpers, the smart money is on the break me thinks.
but when there's no break, one can always adapt
Thank You
  • #240,845
  • Jul 26, 2010 6:27am Jul 26, 2010 6:27am
Sitting on my hands as far as GBP/USD is concerned. Remain flat, after closing my EUR/JPY trade with minor gains...We will see how the things will develop in NY Session.

I am not seeing much activity for the moment...we will see.
  • #240,846
  • Jul 26, 2010 6:28am Jul 26, 2010 6:28am
Quoting grashid
still virgin bro..little bit hard n need take sometime tho...
i like virgin ..... trades
Thank You
  • #240,847
  • Jul 26, 2010 6:28am Jul 26, 2010 6:28am
Quoting wormboy
but when there's no break, one can always adapt

I have tried that scalping mallarkey on the M1/5 and always end up paying more in commission at the end of the day then I make in profits, so gave up on that endeavour. Plenty of other good opportunities on Yen crosses today to make up for the lack of longer term direction on cable other then buying the dips.
  • #240,848
  • Jul 26, 2010 6:29am Jul 26, 2010 6:29am
Two thumbs up...

But sometimes I find that it is difficult to alter my own "comfort" trading zone, what has become habit is difficult to change

Quoting wormboy
but when there's no break, one can always adapt
  • #240,849
  • Jul 26, 2010 6:29am Jul 26, 2010 6:29am
Quoting wormboy
i like virgin ..... trades
..M15=H1=almost H4.....
  • #240,850
  • Jul 26, 2010 6:31am Jul 26, 2010 6:31am
Quoting digger1
lol, been putting in higher highs and higher lows since the mkt opened bro , look at your 15 minute it will give you a little better range
nah bro, been selling off 5500 from the m1. gained some 30 now for the effort. now I'll wait to see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: m1.png Size: 41 KB
Thank You
  • #240,851
  • Jul 26, 2010 6:32am Jul 26, 2010 6:32am
Quoting Dutch_trader
iv got a hunch its a good place to short , with a sl of 50 and tp 100 , thats what iv done.

time will tell

i should mention that when its 1/2 way to the tp i place the trade on BE +1

just incase any ones following ....
  • #240,852
  • Jul 26, 2010 6:33am Jul 26, 2010 6:33am
Quoting wormboy
nah bro, been selling off 5500 from the m1. gained some 30 now for the effort. now I'll wait to see what happens.

That's funny, I kept buying of the support from 5472 and once 5481 formed, been buying of there. PA is still showing greater momentum on the upmoves and the 30 is still showing higher lows.
  • #240,853
  • Jul 26, 2010 6:41am Jul 26, 2010 6:41am
Quoting cloggie
That's funny, I kept buying of the support from 5472 and once 5481 formed, been buying of there. PA is still showing greater momentum on the upmoves and the 30 is still showing higher lows.
ooo...u keep buying...mmm...
  • #240,854
  • Jul 26, 2010 6:44am Jul 26, 2010 6:44am
Quoting grashid
ooo...u keep buying...mmm...

They are only short term trades, me and Wormy are swapping positions constantly, he is shorting 55 and I am buying 81; nothing to write home about, just enough for beer money really. But yeah, I still don't see any shorts yet.
  • #240,855
  • Jul 26, 2010 6:46am Jul 26, 2010 6:46am
Quoting wormboy
nah bro, been selling off 5500 from the m1. gained some 30 now for the effort. now I'll wait to see what happens.
lol, been the other way , bought shortly after the open and every dip into my average band , took some nice profit up here at the highs and stps are in the money on the remaining so the day can play out however now lol
Attached Image (click to enlarge)
Click to Enlarge Name: 15 min.jpg Size: 197 KB
  • #240,856
  • Jul 26, 2010 6:54am Jul 26, 2010 6:54am
This is funny, we got digger and I buying the dips and Grashid and Wormy selling the tops. And guess what, all four of us are making money. Two of us are bout to get caught out by the break, and my money is still on the longs.
  • #240,857
  • Jul 26, 2010 6:54am Jul 26, 2010 6:54am
Any thoughts? Supported by WR1 DR2 and Fib
Attached Image (click to enlarge)
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  • #240,858
  • Jul 26, 2010 6:55am Jul 26, 2010 6:55am
Quoting cloggie
This is funny, we got digger and I buying the dips and Grashid and Wormy selling the tops.
ha ha , at least we got the transactions made lol
  • #240,859
  • Jul 26, 2010 6:57am Jul 26, 2010 6:57am
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Attached Image (click to enlarge)
Click to Enlarge Name: GBP.USD.jpg Size: 226 KB
R & S , That Is All !...
  • #240,860
  • Jul 26, 2010 6:57am Jul 26, 2010 6:57am
Quoting HowieTrader
Two thumbs up...

But sometimes I find that it is difficult to alter my own "comfort" trading zone, what has become habit is difficult to change
I had the same problem too before. Everybody does
Thank You
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