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Cable Update (GBPUSD)

  • #276,701
  • Apr 18, 2011 2:24am Apr 18, 2011 2:24am
Quoting TauTrader
Good day to you,

Scalp only at this point. Will take any pips. We could easily drop to 1.4260 first, as longer term chart for me still favouring downside. 15min chart however shows possible short term pullback.

Longer term pullback only to be confirmed in 2 hrs from now. I will unfortunately be out so will not trade it. If it works - then target for me would be 1.4430 - 1.4460 area.

regards
ok thks
i asked coz you wrote long scalp @4358 to 4350....
90% of traders use TA, indicators and prediction
  • #276,702
  • Apr 18, 2011 2:27am Apr 18, 2011 2:27am
Quoting TauTrader
Good day to you,

Scalp only at this point. Will take any pips. We could easily drop to 1.4260 first, as longer term chart for me still favouring downside. 15min chart however shows possible short term pullback.

Longer term pullback only to be confirmed in 2 hrs from now. I will unfortunately be out so will not trade it. If it works - then target for me would be 1.4430 - 1.4460 area.

regards
Good day,

+20 banked. Leaving now.

See later

Regards
  • #276,703
  • Apr 18, 2011 2:30am Apr 18, 2011 2:30am
Quoting _BBKing_
ok thks
i asked coz you wrote long scalp @4358 to 4350....
Correct - took the long scalp. I was responding to your target and was mentioning the longer term trade that could materialize later - if all aligned. For that one, I will not be here.

A scalp for me is 10 to 20 - that's it.

All the best

Regards
  • #276,704
  • Apr 18, 2011 2:44am Apr 18, 2011 2:44am
Quoting TauTrader
Correct - took the long scalp. I was responding to your target and was mentioning the longer term trade that could materialize later - if all aligned. For that one, I will not be here.

A scalp for me is 10 to 20 - that's it.

All the best

Regards
Bears do some really hard bitch slap to all pairs. It will be quite hard for bulls to gain a stand...
  • #276,705
  • Apr 18, 2011 2:57am Apr 18, 2011 2:57am
Quoting 0rPhioZ
Bears do some really hard bitch slap to all pairs. It will be quite hard for bulls to gain a stand...
Good day to you,

It's all relative. Price is aiming for target areas and sometimes it wiggles it's way there - which is always easier - or sometimes it runs with the speed of a train.

BUT - there are always areas of quick opportunity in both directions.

I just want to make clear the following - when I suggest a possible pullback, my expectancy is 10 to 20 pips. Sometimes 30 - but that is it. I will clearly state when I think a possible reversal is likely - this is a different issue and the expectancy here, could be 100 to 200 pips.

This to all - do not leave your position based on my comments - you may be in a longer term trade and I may be referring to a quick scalp only - before longer term direction is resumed.

If, for any reason, my posts create doubt - then please tell me. I will then stop and only post my trade attempt by way of a number.

Regards to you
  • #276,706
  • Apr 18, 2011 3:06am Apr 18, 2011 3:06am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Buying here, seems good to go with 50 SL for spikes...

43300, 62600

Chart....


http://www.forexfactory.com/showthre...83#post4551483
  • #276,707
  • Apr 18, 2011 3:07am Apr 18, 2011 3:07am
Quoting TauTrader
Good day to you,

It's all relative. Price is aiming for target areas and sometimes it wiggles it's way there - which is always easier - or sometimes it runs with the speed of a train.

BUT - there are always areas of quick opportunity in both directions.

I just want to make clear the following - when I suggest a possible pullback, my expectancy is 10 to 20 pips. Sometimes 30 - but that is it. I will clearly state when I think a possible reversal is likely - this is a different issue and the expectancy here, could be 100 to 200 pips.

This...
No, your post is okay and it doesn't make me feel confused at all. I just based my analysis on the current condition which will be changed over time. I still keep my position for the reason that no matter how hard bears try to push it so far, bulls can still push it back up. This condition doesn't convince me that bears will prevail today. But of course, we don't know what will happen during US session. I will probably close my position before that time comes suppose that no further development happens.
  • #276,708
  • Apr 18, 2011 3:23am Apr 18, 2011 3:23am
Quoting ams
Buying here, seems good to go with 50 SL for spikes...

43300, 62600

Chart....


http://www.forexfactory.com/showthre...83#post4551483

Good day -

All the best with your trades. Also looking for longs - but did not have the Kahunas to pull the trigger again. Was waiting for 1.4260 on EU and 1.6140 on GU.

Wish you a positive result!

all the best
  • #276,709
  • Apr 18, 2011 3:28am Apr 18, 2011 3:28am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Cheers TT, I am also doing scalp 30-50 pips trades but vary of dodgy spikes
Bullish on GU.


ta
ams


Quoting TauTrader
Good day -

All the best with your trades. Also looking for longs - but did not have the Kahunas to pull the trigger again. Was waiting for 1.4260 on EU and 1.6140 on GU.

Wish you a positive result!

all the best
  • #276,710
  • Apr 18, 2011 3:38am Apr 18, 2011 3:38am
Quoting ams
Cheers TT, I am also doing scalp 30-50 pips trades but vary of dodgy spikes
Bullish on GU.


ta
ams
OK.

I am slightly more confident in the EU trade at present - indis just better aligned. So joining long @ 1.4349 with a buy limit @ 1.4330 and @ 1.4320. If we hold this region for the next 30 minutes - it should be good to go.

Regards
  • #276,711
  • Apr 18, 2011 3:38am Apr 18, 2011 3:38am
very slow session
some mixed data on charts
no news
i think today only scalps are good.

90% of traders use TA, indicators and prediction
  • #276,712
  • Apr 18, 2011 3:52am Apr 18, 2011 3:52am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
scalps are always good!!
I build positions (1 week - 3 months) and do the sclaps too on the same pairs...


ta
ams

Quoting _BBKing_
very slow session
some mixed data on charts
no news
i think today only scalps are good.

  • #276,713
  • Apr 18, 2011 3:59am Apr 18, 2011 3:59am
Hello.

Second trade of the week: long 1.6255

Also has a long position on EURUSD

Josef
  • #276,714
  • Apr 18, 2011 4:05am Apr 18, 2011 4:05am
Quoting ams
scalps are always good!!
I build positions (1 week - 3 months) and do the sclaps too on the same pairs...


ta
ams
you are right.
i was meaning today not good to pick med term positions.
90% of traders use TA, indicators and prediction
  • #276,715
  • Apr 18, 2011 4:07am Apr 18, 2011 4:07am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Oh yeah, long term trade.... i reckon next month to be fanstatic for bears!!


Quoting _BBKing_
you are right.
i was meaning today not good to pick med term positions.
  • #276,716
  • Apr 18, 2011 4:50am Apr 18, 2011 4:50am
It seems that bears fail to make major changes for the moment, since they haven't break past 6327 but I doubt that bulls are strong enough to pull higher too. So today will probably be sideways.
  • #276,717
  • Apr 18, 2011 4:53am Apr 18, 2011 4:53am
Quoting 0rPhioZ
It seems that bears fail to make major changes for the moment, since they haven't break past 6327 but I doubt that bulls are strong enough to pull higher too. So today will probably be sideways.
i would agree, although right now we could have a nice bull movement, lets wait for the H1 candle to close.

edit: and at least there's a bit vola in here

edit2: and on the H4 candle....a very tiny hammer?!
  • #276,718
  • Apr 18, 2011 5:06am Apr 18, 2011 5:06am
thinkin on a ranging trend...
i bought 6260 (ask)
im targetin here half position
the other half stop loss @BE tgt 6306
90% of traders use TA, indicators and prediction
  • #276,719
  • Apr 18, 2011 5:10am Apr 18, 2011 5:10am
Quoting _BBKing_
thinkin on a ranging trend...
i bought 6260 (ask)
im targetin here half position
the other half stop loss @BE tgt 6306
I scalp LONG 6270 targeting my BE 6303, after BE I will plan another position depends on the condition.
  • #276,720
  • Apr 18, 2011 5:12am Apr 18, 2011 5:12am
Quoting josef
Hello.

Second trade of the week: long 1.6255

Also has a long position on EURUSD

Josef
Closed with 30 pips profit
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