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Cable Update (GBPUSD)

  • #269,961
  • Jan 25, 2011 9:39am Jan 25, 2011 9:39am
Quoting HWolff
Any ideas why USD is falling throughout all major pairs after such good US news?
how much daily average range for GU ? how much daily range for today ?
not euphoria follower
  • #269,962
  • Jan 25, 2011 9:41am Jan 25, 2011 9:41am
Quoting iqyu5an
how much daily average range for GU ? how much daily range for today ?
USD overbought?
  • #269,963
  • Jan 25, 2011 9:45am Jan 25, 2011 9:45am
Quoting callmegood
USD overbought?
well i would say the usd is highly oversold in recent weeks. look at the usd index which indicates the usd strength towards other major currencies...

well let's see how long it takes for the usd to gain stength again.
  • #269,964
  • Jan 25, 2011 9:45am Jan 25, 2011 9:45am
Quoting iqyu5an
r u really sure buddy ? hehehehehehehe
1.5827 is key. Not a bad place to go short, but I missed it as I am short on EU. I only daytrade one pair at a time.
  • #269,965
  • Jan 25, 2011 9:46am Jan 25, 2011 9:46am
Quoting callmegood
USD overbought?
she looks tired and need some sleep hahahhaha to close daily candle, imho.

let see tomorrow how daily candle close today. hey...... how many days left for january ?
not euphoria follower
  • #269,966
  • Jan 25, 2011 9:50am Jan 25, 2011 9:50am
Quoting bbakker
1.5827 is key. Not a bad place to go short, but I missed it as I am short on EU. I only daytrade one pair at a time.
let see how daily close today

daily range for gu today : +/- 25x pip. what about daily average for gu ?

she looks tired for today
not euphoria follower
  • #269,967
  • Jan 25, 2011 9:54am Jan 25, 2011 9:54am
Quoting iqyu5an
let see how daily close today

daily range for gu today : +/- 25x pip. what about daily average for gu ?

she looks tired for today
Got stopped for a couple of pips on EU. Probably looking to make new highs! GU could follow!
  • #269,968
  • Jan 25, 2011 10:08am Jan 25, 2011 10:08am
Quoting bbakker
Got stopped for a couple of pips on EU. Probably looking to make new highs! GU could follow!
Couldn't take out the high... yet! Daily supply is just up there! I am getting distracted at work. I must obey my rules... if I am busy at work... NO TRADING!
  • #269,969
  • Jan 25, 2011 10:11am Jan 25, 2011 10:11am
I gotta go. The sheeet is hitting the fan at work!

I am GU bearish now and I will be shorting it if we get back to 1.59 on the higher timeframe... see what the MoM report is like tomorrow!

Wish you all success with your trading!
  • #269,970
  • Jan 25, 2011 10:28am Jan 25, 2011 10:28am
Attempting another long scalp on GU. 15 min chart. Entry @ 1.5777

Will keep SL relatively tight.

Regards
  • #269,971
  • Jan 25, 2011 10:35am Jan 25, 2011 10:35am
just buy..don't know base on what, target 59xx

see you tomorrow...
I will be the number one Manager.
  • #269,972
  • Edited 10:41am Jan 25, 2011 10:36am | Edited 10:41am
It wasn't a good trading today...12hours from now the market, 20-30pips near bollinger...that time i was assisting a fren to open an forex acc, wasted my time then later hang around shopping mall n shop 4 Chinese New year. Till 20mins b4 British announcement, i start to switch on my Notebook, during that drastic fall, i lost 90(4transactions) pips. biggest lost since i laid my hand on Forex.

then i got stunned, and dun feel like eating, 1hour, mind twisted like hell. i just walked off, came back in 1 n half hours, because according to my analysis trend ended 1- 1.5 hour.
on my notebook again, Read chart4 another 30mins..

open position Buy5771 close within5hours SL 5745 TP5820
open position Buy5881 close within7hours SL 5745 TP5820
open position Buy5888 close within7hours SL 5745 TP5820

Eyes, body were tired due to that lost of 90pips.
i set alert in my MT4 when it hit specific pips "Metalica will singsong 2 alert me, when it strike 5755";
while waiting i watched 7episodes of "Legend of the Seeker", luckily it diverted attention.
Metalica was sing song on that 5750 and 5755 double bottom(15m), really stunned me! Luckily nothing happened.

After release of CANADA CPI, it falled another 30pips from 5793-5768,
Fantastisch!
i feel fed up with NEWS! thanks god it reverted back n follow the flow goes up to 5820.

this 2.5months with FOREX, teaches me alot of thing.
Be Patient, discliple, n not emotion.
Today i lost my patiency, emotion, and disclipine.

Total earned today= <100USD
Total 8 transactions . i enter partially.
FIBO 23.8 SAVED ME.
AIR is now fresher.
It is 12.30midnight here, time to sleep...
Green PIPS every1.
  • #269,973
  • Jan 25, 2011 10:37am Jan 25, 2011 10:37am
Quoting bbakker
1.5827 is key. Not a bad place to go short, but I missed it as I am short on EU. I only daytrade one pair at a time.
It's soooooooo.... argh. I placed a sell order at 5827, and my broker only touched 5826 before it plunged back down recently. Lol.
  • #269,974
  • Jan 25, 2011 10:40am Jan 25, 2011 10:40am
sorry, change target, 1.587x, for today only.. 1.59 maybe tomorrow (if not go down)

see you..
I will be the number one Manager.
  • #269,975
  • Jan 25, 2011 11:10am Jan 25, 2011 11:10am
Quoting TauTrader
Attempting another long scalp on GU. 15 min chart. Entry @ 1.5777

Will keep SL relatively tight.

Regards
Closing here.

Regards
  • #269,976
  • Jan 25, 2011 11:23am Jan 25, 2011 11:23am
Interested to see what asian guys do on gdp report. I'm wondering pretty pullback here for another entry.
Manage your risk accordingly and you're half done your home work.
  • #269,977
  • Jan 25, 2011 11:26am Jan 25, 2011 11:26am
Quoting WengOn
It wasn't a good trading today...12hours from now the market, 20-30pips near bollinger...that time i was assisting a fren to open an forex acc, wasted my time then later hang around shopping mall n shop 4 Chinese New year. Till 20mins b4 British announcement, i start to switch on my Notebook, during that drastic fall, i lost 90(4transactions) pips. biggest lost since i laid my hand on Forex....
Lol seems you're distracted too much. I dont hear metallica while I'm trading. Quiet or some instrumental will be fine. What is your plan? what is your plan? what is your plan?
Manage your risk accordingly and you're half done your home work.
  • #269,978
  • Jan 25, 2011 11:34am Jan 25, 2011 11:34am
Quoting FXFundi
1.5700 before 1.5800? - I'm short and sticking with it. Target is 1.5700 (The daily .50 Fib)
Gotta love Forex - step away fro a few hours and she goes the other way. Still short and holding ..... for now.. - this is when you have to be patient!
May the forex be with you |
  • #269,979
  • Jan 25, 2011 11:42am Jan 25, 2011 11:42am
  • #269,980
  • Jan 25, 2011 12:30pm Jan 25, 2011 12:30pm
Quoting fourxtrader
All due respect...

Forget MAs and lower tfs, then we may see something?

To forget about MMA's is to forget about dynamic s/r's, visual
triggers / tps and maximal pipage even on lower tfs and all from
one simple set of indicators that might even be [color=blue][i]considered leading....
ur candlestick itself = the only leading indicator. That it !

p/s: i use lower TF for my entry as well as monitor the PA movement. while higher TF for my direction...simple.

g
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