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Cable Update (GBPUSD)

  • #274,321
  • Mar 17, 2011 10:22am Mar 17, 2011 10:22am
hi traders

above the 1.6095 R will take it to 1.6340 if this one still holds
and untill now it did as the price stopped there

I did take a small short this morning from 1.6140 to 1.61
My main trades are long with first TP 1.6340 and above
  • #274,322
  • Mar 17, 2011 10:30am Mar 17, 2011 10:30am
WHOA, overslept by 2.5 hours and what has changed, NOTHING eek gads. Never thought I'd find an occasion in my life to say eek gads whatever that means... ugh.. coffee time.
  • #274,323
  • Mar 17, 2011 10:50am Mar 17, 2011 10:50am
Quoting chazzle
I got 5
http://www.youtube.com/watch?v=mX2vhSockUY
what you got on my forty
  • #274,324
  • Mar 17, 2011 11:22am Mar 17, 2011 11:22am
is there anyone still on short... am loving this... long long all the way
  • #274,325
  • Mar 17, 2011 11:27am Mar 17, 2011 11:27am
Quoting myteax
is there anyone still on short... am loving this... long long all the way
I am still on some small shorts with TP 1.6050 we just touched some R level on daily and it has to bounce back

but the general view is 1.6340
  • #274,326
  • Mar 17, 2011 11:31am Mar 17, 2011 11:31am
Quoting redbeben
I am still on some small shorts with TP 1.6050 we just touched some R level on daily and it has to bounce back

but the general view is 1.6340
I strongly feel this is a trade for longs... well lets see.. whats your SL
  • #274,327
  • Mar 17, 2011 11:47am Mar 17, 2011 11:47am
Quoting sierra
buying now sl 6090 tp 6160
target reached... thanks market!
Be a sniper not a jumper
  • #274,328
  • Mar 17, 2011 11:47am Mar 17, 2011 11:47am
Quoting myteax
I strongly feel this is a trade for longs... well lets see.. whats your SL
in the meanwhile I have 30 pips in my acc already and still going

SL 1.65
  • #274,329
  • Mar 17, 2011 12:05pm Mar 17, 2011 12:05pm
Quoting redbeben
in the meanwhile I have 30 pips in my acc already and still going

SL 1.65

how can your SL be 1.65. do you know what you are talking about.... i guess you want to leave your trades open for more than a week cos for today this guy has taken a position of long.

If your Sl is 1.65 then whats your TP?
  • #274,330
  • Mar 17, 2011 12:11pm Mar 17, 2011 12:11pm
Quoting redbeben
in the meanwhile I have 30 pips in my acc already and still going

SL 1.65
sell on GJ as well

TP 127.20
  • #274,331
  • Mar 17, 2011 12:13pm Mar 17, 2011 12:13pm
Quoting myteax
how can your SL be 1.65. do you know what you are talking about.... i guess you want to leave your trades open for more than a week cos for today this guy has taken a position of long.

If your Sl is 1.65 then whats your TP?

I already said the TP 1.6050

I use the SL acc to my equity so don't be scared of the 500 pips SL
for me it's fine
this is how I work
  • #274,332
  • Mar 17, 2011 12:22pm Mar 17, 2011 12:22pm
Quoting redbeben
sell on GJ as well

TP 127.20
moved TP to 127.45 for first TP the rest to flow
  • #274,333
  • Mar 17, 2011 12:30pm Mar 17, 2011 12:30pm
Pennant forming on m5... usually indicates a continuation pattern... but not always

I am on the sidelines... nothing is tickling my fancy right now!
  • #274,334
  • Mar 17, 2011 12:40pm Mar 17, 2011 12:40pm
Quoting bbakker
Pennant forming on m5... usually indicates a continuation pattern... but not always

I am on the sidelines... nothing is tickling my fancy right now!
GU you mean ? there will be a long move now but a short one
the downmove will continue in my opinion

and the market looks quite still now

I hate it
closed some shorts on GJ at 127.50 so far
  • #274,335
  • Mar 17, 2011 12:56pm Mar 17, 2011 12:56pm
Quoting redbeben
GU you mean ? there will be a long move now but a short one
the downmove will continue in my opinion

and the market looks quite still now

I hate it
closed some shorts on GJ at 127.50 so far
This is the GU thread, so yep... I am with you on that one. Could not take out the highs from the beginning of the week, which is a good sign for the bears.... but anything can happen!
  • #274,336
  • Mar 17, 2011 12:59pm Mar 17, 2011 12:59pm
There's nothing doing here in this session, very slow, I'm staying out for now
  • #274,337
  • Mar 17, 2011 1:02pm Mar 17, 2011 1:02pm
Quoting redbeben
GU you mean ? there will be a long move now but a short one
the downmove will continue in my opinion

and the market looks quite still now

I hate it
closed some shorts on GJ at 127.50 so far

all shorts on GJ closed now
GU still to go down some more pips now we have the ichi cross on M5 already

we will still bounce here and there but will go there till tmr I guess.if not I will close manually the shorts at midnight.plenty of pips profit so far anyway so no need to be greedy
  • #274,338
  • Edited 1:53pm Mar 17, 2011 1:14pm | Edited 1:53pm
Short 16128.Tight stop...
OK i might have got this wrong. Got in because price closed below 20 ema on 5min..
My risk is a little under 35% of todays profit. One of my tutors says you can be wrong 50% of the time and still make profit so long as you maintain your rr and win loss ratio. So thats what i do cos its more fun than watching the news.
All systems of divination, like music itself,work through patterns.
  • #274,339
  • Mar 17, 2011 1:17pm Mar 17, 2011 1:17pm
m out, but came back did some scalping..
  • #274,340
  • Mar 17, 2011 1:34pm Mar 17, 2011 1:34pm
Suddenly volume dropped..Hah! Guess I am addicted to scalping by PA and Volume.
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