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Cable Update (GBPUSD)

  • #256,281
  • Sep 27, 2010 10:13am Sep 27, 2010 10:13am
Quoting iqyu5an
keep the emotion undercontrol.......

already short ( for fun ), already got 70 pips for 2 position but hold my 3 prev long (for business) too for 1200 ++ pips since 539x and 540x

emotion is still under control but my eyes become sick with today's movements..still don't have any confirmation whether bulls or bear will win tonight...

good luck to u..happy trading mate~~
  • #256,282
  • Sep 27, 2010 10:13am Sep 27, 2010 10:13am
Quoting Precap2
May I know whether you enter a trade upon spotting HD or you wait for candlestick formation on S/R confirmation. I ask this because you're already underwriting someone's risk (whether you acknowledge it or not). And you didn't bother to ask the volume of the underwritten trade be put a just premium on the risk.

P
I have no idea what you are talking about.
  • #256,283
  • Sep 27, 2010 10:15am Sep 27, 2010 10:15am
Hi Guys
Just back from my work
Hope all doing fine.

Have a question
Suppose
U know the market future
What u will do?
  • #256,284
  • Sep 27, 2010 10:16am Sep 27, 2010 10:16am
Kiss of death as reported on BBC:-

"The International Monetary Fund says the UK economy is "on the mend" and backs government plans to cut spending"
This space intentionally left blank.
  • #256,285
  • Sep 27, 2010 10:18am Sep 27, 2010 10:18am
closed for minus 20 pips...

regard the 4H candle close I am expecting the cable will go 5770 area where I make a full long position with SL 5745, targeting 1,59, 1,6


Quoting scurt
Buy_stop@1,5840 sl5786 tp1 5880, tp2-5920, tp3 1,6

reasons:
above DP
all MA`s supporting upmove and we are in uptrend
4H candle refuse pullback

EDIT:BUY_STOP Proceeded....
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  • #256,286
  • Sep 27, 2010 10:23am Sep 27, 2010 10:23am
Quoting cloggie
USD-CAD 1.0269, a good indicator for dollar direction on equity days. NY open has so far been fairly directionless on the equity side with half the index pulling and the other half pushing. Barring any clear direction it is just scalping for now. With uCAD 0269 giving way, the scalps favour the long side for now.

Still valid, it's been messy so far, but the opportunities are there.
  • #256,287
  • Sep 27, 2010 10:25am Sep 27, 2010 10:25am
sup ladies

looks like a bull flag to me..
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  • #256,288
  • Sep 27, 2010 10:26am Sep 27, 2010 10:26am
Quoting egkid

Have a question
Suppose
U know the market future
What u will do?
All-in, not quite, but I would put up a good chunk of dough that I could afford to lose.

However it is purely rhetorical.
  • #256,289
  • Sep 27, 2010 10:27am Sep 27, 2010 10:27am
Quoting cloggie
Are you for real buddy? Ppl would be loads better of following Pipchicks calls then yours.

Enjoy talking to Iggy Pop, I have had enough of your baseless and useless ranting. Your trading must be really crappy to have a go at just about anyone here.
I come to FF to have fun. You can have fun with me or you can't. No skin off my nose. I have seen plenty of you guys around, that's why it took me years to register and after that I found there was nothing worth posting around here except to have fun.
You can use words as you please. I dunno your face, you dunno mine, so Whattafuck should I worry about.

P
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #256,290
  • Sep 27, 2010 10:28am Sep 27, 2010 10:28am
Quoting Precap2
I come to FF to have fun. You can have fun with me or you can't. No skin off my nose. I have seen plenty of you guys around, that's why it took me years to register and after that I found there was nothing worth posting around here except to have fun.
You can use words as you please. I dunno your face, you dunno mine, so Whatta@@@@ should I worry about.

P
Having a dispute over the charts is one thing...a little banter never really hurts, but lets try to keep the language to a little more civil levels. Please keep in mind, there are ladies present.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #256,291
  • Sep 27, 2010 10:29am Sep 27, 2010 10:29am
Hi Cloggie

You've mentioned that scalping £/$ today has some possibilities with the proviso of a tight stop.

In your experience if scalping this pair what would you call a tight stop ?

10 Pips/15 Pips or less

Thanks in advance

V
  • #256,292
  • Sep 27, 2010 10:30am Sep 27, 2010 10:30am
Quoting Villonius
Hi Cloggie

You've mentioned that scalping £/$ today has some possibilities with the proviso of a tight stop.

In your experience if scalping this pair what would you call a tight stop ?

10 Pips/15 Pips or less

Thanks in advance

V

Each and every trade warrants a different stop, there is no set SL for trading. I tend to keep my stops (which I rarely use, they are just mental stops) below the point at which I would entertain a trade in the opposite direction.
  • #256,293
  • Sep 27, 2010 10:32am Sep 27, 2010 10:32am


Quoting Precap2
I come to FF to have fun. You can have fun with me or you can't. No skin off my nose. I have seen plenty of you guys around, that's why it took me years to register and after that I found there was nothing worth posting around here except to have fun.
You can use words as you please. I dunno your face, you dunno mine, so Whattafuck should I worry about.

P
not euphoria follower
  • #256,294
  • Sep 27, 2010 10:32am Sep 27, 2010 10:32am
Quoting PipChick
I have no idea what you are talking about.
Someone said he made a call based on what you posted and that you're indemnifying the deal (I know he was joking), I said you should find out about the size of the deal to charge a good premium (insurance premium for the risk you indemnify, I was joking too). And then bad words started filtering in again.

I was only having fun on the guy's joke. Whatever anyone cares about, that's what I come to FF to do rather than join contest for Lord and king here.

Most of the clowns around know next to nothing and they make the most posts, what do I say if they're accepted? Good luck to them all
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #256,295
  • Sep 27, 2010 10:34am Sep 27, 2010 10:34am
Quoting scurt
closed for minus 20 pips...

regard the 4H candle close I am expecting the cable will go 5770 area where I make a full long position with SL 5745, targeting 1,59, 1,6

Scurt....why did you Buy_stop@1,5840 with a sl5786 but then close just 20 pips down?

I'm new so trying to understand the logic of setting a stop loss at a level your not willing to risk?

Thanks
Enter Signature
  • #256,296
  • Sep 27, 2010 10:38am Sep 27, 2010 10:38am
Quoting Precap2
Someone said he made a call based on what you posted and that you're indemnifying the deal (I know he was joking), I said you should find out about the size of the deal to charge a good premium (insurance premium for the risk you indemnify, I was joking too). And then bad words started filtering in again.

I was only having fun on the guy's joke. Whatever anyone cares about, that's what I come to FF to do rather than join contest for Lord and king here.

Most of the clowns around know next to nothing and they make the most posts, what do I say...
ohhhhhhh ok
  • #256,297
  • Sep 27, 2010 10:39am Sep 27, 2010 10:39am
Thanks Cloggie

That kind of implies that the idea of a tight stop doesnt really exist if a stop loss is based on the idea that if it were to get hit it would have invalidated the reason for the original trade (which is what I think you are saying).

Possibly for a short TF scalping type trade you might identify that point and have no leeway whereas for an intermediate TF (looking for maybe 40-80 pip target) you might allow a bit more leeway at the stop point to allow for market noise ?

Thanks again


V
  • #256,298
  • Sep 27, 2010 10:40am Sep 27, 2010 10:40am
Quoting Magix
Having a dispute over the charts is one thing...a little banter never really hurts, but lets try to keep the language to a little more civil levels. Please keep in mind, there are ladies present.
Thanks for your kind advice. I have made a duty of explaining myself since morning without bad word. When it comes time to trade rotten words, this thread would not bear it.
I'd rather if anyone lose patience with another's post, he should say it civilly or be gone. Here's a place to share ideas and be corrected, not a Cottonera Front for Chrissake.
I wonder how patient some can be with people they live with all day if they can't tolerate those they don't see.
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #256,299
  • Sep 27, 2010 10:41am Sep 27, 2010 10:41am
Quoting PipChick
M15 formed an ABC pattern with bull HD off the 61.8
If anyone took this little m15 trade, it may be a good idea to tp soon.
Its almost noon est and I see some bearish hidden divergence on the m5 which may just cause the pair to pull back a little and range in a 20 pip range.
  • #256,300
  • Sep 27, 2010 10:49am Sep 27, 2010 10:49am
Quoting cloggie
Are you for real buddy? Ppl would be loads better of following Pipchicks calls then yours...
pipchick“s calls (unfortunately very rare) are precious,
i can confirm this because i already made good money on it,
many thx for this pipchick, i enjoy reading your posts/charts a lot,
they making perfect sense, i only could advise all newbies (me included)
to take note of these posts, it“s real value
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