whats with the GBP rise?
Cable Update (GBPUSD)
- #277,384
- Apr 25, 2011 3:03pm Apr 25, 2011 3:03pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
WP looking magnetic - of course , a long from there is safer than a short to there , imo
i also see still possible the "buy dips" mode.
anyway i take an eye on the retrace way.... shuld at least close below 23% fibonacci (6495). Same on eur.u not yet closed below main 23%
90% of traders use TA, indicators and prediction
- #277,386
- Apr 25, 2011 3:22pm Apr 25, 2011 3:22pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Hi all,
do traders really need to babysit their trades? Must we sit in front of the computer all day long?
Open a demo account and place these pending orders for tomorrow's (26/04/2011) trade:
SE2=1.6666 SL1.1197 TP 1.6566
SE1=1.6597 SL 1.6697 TP 1.6497
BE1=1.6461 SL 1.6361 TP1.6561
BE2=1.6393 SL1.6361 TP1.6493
BE1 & BE2=BUY ENTRY 1 AND 2 RESPECTIVELY
SE1& SE2=SELL ENTRY1 & 2 RESPECTIVELY
SL=STOP LOSS
TP=TAKE PROFIT
LET "X%" = % RISK PER DAY
USE (X/2)% AT BE1 & SE1
USE "X" AT BE2 & SE2
Trade duration is 24hours.
See...
i agree on some levels.
while i prefer to wait PA in those levels before trying 100pips SL
only "my way"
90% of traders use TA, indicators and prediction
- #277,387
- Apr 25, 2011 3:47pm Apr 25, 2011 3:47pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
hi all
once i was better on long time trades
now maybe i lost some eye or some instict or i dont know...
but sincerely i see no reasons for gusd to go down now from here. the only one is a retrace which can move price once closing below 6500 to 63 area, last 6300-6280.
i will check tomorrow better my charts maybe im missing something.
anyway my plan for tomorrow london is: IF closes h1 h4 again above 6520 is first call for the 66's again.
IF closes h1 h4 below 6495 first call for more down.
thats my plan, hope to find good entries
possible price to go a bit above/below levels same as today.
patience is the key!
once i was better on long time trades
now maybe i lost some eye or some instict or i dont know...
but sincerely i see no reasons for gusd to go down now from here. the only one is a retrace which can move price once closing below 6500 to 63 area, last 6300-6280.
i will check tomorrow better my charts maybe im missing something.
anyway my plan for tomorrow london is: IF closes h1 h4 again above 6520 is first call for the 66's again.
IF closes h1 h4 below 6495 first call for more down.
thats my plan, hope to find good entries
possible price to go a bit above/below levels same as today.
patience is the key!
90% of traders use TA, indicators and prediction
Good evening
I think prices will move down until Tuesday night was the peak. Possible tonight I'll find TaucrossfinalWithout a major catastrophe today's prices will not be reached 1.6600 probably return it for Wednesday and beyond.
Best Regard
Good Morning ( 8:06 Am morning )
My suspicion was correct that the price down. But how far is that I do not know. All I know prices continue to fall until about Wednesday or Thursday. I hope Tau Trader willing to help me find the target down this trend.
And my opinion is it true?NB: I often wonder why I post here is very difficult, often have to wait long hours and even then still delay that sometimes canceled. I wish you good day, but I post new nighttime entry.
Best Regard
Good Morning ( 8:06 Am morning )
My suspicion was correct that the price down. But how far is that I do not know. All I know prices continue to fall until about Wednesday or Thursday. I hope Tau Trader willing to help me find the target down this trend.
NB: I often wonder why I post here is very difficult, often have to wait long hours and even then still delay that sometimes canceled. I wish you good day, but I post new nighttime entry.
Best Regard
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- #277,390
- Apr 25, 2011 7:12pm Apr 25, 2011 7:12pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #277,392
- Apr 25, 2011 8:02pm Apr 25, 2011 8:02pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
Good Morning ( 8:06 Am morning )
My suspicion was correct that the price down. But how far is that I do not know. All I know prices continue to fall until about Wednesday or Thursday. I hope Tau Trader willing to help me find the target down this trend.
NB: I often wonder why I post here is very difficult, often have to wait long hours and even then still delay that sometimes canceled. I wish you good day, but I post new nighttime entry.
Best Regard
Happy that you are starting to get a feel for things. That is good. Just be very careful with the cross indicator. It does recalculate and can move and also cancel itself - so not to be traded on it's own.
We are still in an uptrend scenario on GU and this has not changed for me. Although weak. I did expect a slightly higher run up yesterday than the 1.6542.
I expect another pullback up to come. Can be in the area we are now or slightly lower. Not sure. I am looking to sell - but not from here. Currently looking @ 1.6540-1.6550 region. I may attempt a long from 1.6430 - 1.6420 if all alligned still.
All the best
- #277,393
- Apr 25, 2011 8:15pm Apr 25, 2011 8:15pm
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
- #277,395
- Apr 25, 2011 8:31pm Apr 25, 2011 8:31pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
You and I are on the same wavelength...Ive had a pending long sitting at 6430 for about 4 days now...
A bounce there and a run would be the "perfect" setup to short again at the top, in my humble opinion. That is how my chart is setting up, anyway.
Wish you all success!
Good day to you,
Happy that you are starting to get a feel for things. That is good. Just be very careful with the cross indicator. It does recalculate and can move and also cancel itself - so not to be traded on it's own.
We are still in an uptrend scenario on GU and this has not changed for me. Although weak. I did expect a slightly higher run up yesterday than the 1.6542.
I expect another pullback up to come. Can be in the area we are now or slightly lower. Not sure. I am looking to sell - but not from here. Currently looking @ 1.6540-1.6550...
Thanks for the response from my question. Yes I understand the trend down is just a rebound just overall trend is still up visits from D1, whether this is so basic you say there is still the trend up? I think this day the price was still down until tonight at 11 pm ( my local time +7 ). To then go back up until the target you are saying. I still was studying to get buy-dip but still needs a lot of your guidance. Do you think there is a possibility the price down until 1.63xx before bouncing back up?
Thank you
Best Regard
San
- #277,397
- Apr 25, 2011 8:43pm Apr 25, 2011 8:43pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
good afternoon to you
Thanks for the response from my question. Yes I understand the trend down is just a rebound just overall trend is still up visits from D1, whether this is so basic you say there is still the trend up? I think this day the price was still down until tonight at 11 pm ( my local time +7 ). To then go back up until the target you are saying. I still was studying to get buy-dip but still needs a lot of your guidance. Do you think there is a possibility the price down until 1.63xx before bouncing back up?
Thank you...
1.6330 is , at this point, my low extreme on my longer term setup. I do however not think we will go there directly. If this number comes into play - I think it's a couple of days away.
Regards
- #277,398
- Apr 25, 2011 8:46pm Apr 25, 2011 8:46pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
Then I shall follow
Hi,
1.6330 is , at this point, my low extreme on my longer term setup. I do however not think we will go there directly. If this number comes into play - I think it's a couple of days away.
Regards
Good afternoon
Hi ... hi ... hi ....
Thank you for your opinion. And I had a pending buy these rates may be picked up 1.6330 to then taken flight. Let's wait patiently .....
Best Regard
San
- #277,400
- Apr 25, 2011 10:27pm Apr 25, 2011 10:27pm
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
Good day to you,
A bounce there and a run would be the "perfect" setup to short again at the top, in my humble opinion. That is how my chart is setting up, anyway.
Wish you all success!
That is more or less exactly how I trade.. the new channel the GU is trying to make thus far is going from 6426 to 6596 area
in a perfect world I would be able to watch price action when the 6426 is tested and play the bounce in real time. But its not guaranteed ill be around when this happens so I must use a little larger SL than I would typically
Fundamentally both Britain and the US are in dire straits but the USD is facing the very real threat of losing its status as a reserve currency as well as the possibility of a default on soverign debt and/or bankruptcy. I highly doubt these will happen anytime soon but the threat does weigh heavily on the USD in the Short and Mid term and we may have to wait awhile before the Gu begins its journey back down to the 1.4000 level.