Cable Update (GBPUSD)
- #280,742
- Jun 7, 2011 3:54am Jun 7, 2011 3:54am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #280,743
- Jun 7, 2011 3:59am Jun 7, 2011 3:59am
- Joined Sep 2006 | Status: Oh yeahhh :) | 1,409 Posts
Hello, today everything is going fine. (07:22 buy @ 1.6353) trade is already in 55 pips profit. My regular goal for a trade is 100 pips. Hope it will reach TP 1.6453.
This doesn't happen very often but I like trading days like this. Don't know. Will stay out of marker until the end of EURO session or maybe until tomorrow.
- #280,745
- Jun 7, 2011 4:10am Jun 7, 2011 4:10am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #280,746
- Jun 7, 2011 4:12am Jun 7, 2011 4:12am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
waiting to short some at orange box
Look Sharp/Trade Tight
- #280,748
- Jun 7, 2011 4:12am Jun 7, 2011 4:12am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
short 6454...tg 20 pips ~
Hero calls followed by margin calls...
- #280,750
- Jun 7, 2011 4:14am Jun 7, 2011 4:14am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
atr overexceeded, all frames overbought up to h4, + supply level.
good for 20-25 pips
Hero calls followed by margin calls...
- #280,751
- Jun 7, 2011 4:16am Jun 7, 2011 4:16am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Jammed in between support and resistance. Finished for today with 70 pips. Will wait for a daily close above upper trendline or 4 hourly close below lower trendline.
Come with me if you want to live....
- #280,752
- Jun 7, 2011 4:21am Jun 7, 2011 4:21am
good for 20-25 pips
just because im not good on the lingo could you clarify if, say, 50 pips equates to 500 points on a 6fig quote
i.e:1.63564 to 1.64064 would be 50 pips??
- #280,753
- Jun 7, 2011 4:27am Jun 7, 2011 4:27am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
Obviously PA made LL-LH. and shampoo on M30.
aiming 6310 for final TP.
reversed bought at 6358.
closed half for 82. final tp 6490.
cant post chart, on mobile.
- #280,754
- Jun 7, 2011 4:30am Jun 7, 2011 4:30am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #280,756
- Jun 7, 2011 4:33am Jun 7, 2011 4:33am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #280,757
- Jun 7, 2011 4:34am Jun 7, 2011 4:34am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
so you dont see it go more down?
1.643 will tell, that is where my R1 is
anyway win is win..... dont see it far below 6428/30
Hero calls followed by margin calls...
- #280,758
- Jun 7, 2011 4:37am Jun 7, 2011 4:37am
yep.
x pip is the difference between the 4th digit behind the comma. just dont include the last one, doesnt matter.
btw out for +12
{closed at 6427, this could run down though- if it breaks 6419 im shorting this again, just being careful on this one atm}
- #280,760
- Jun 7, 2011 5:05am Jun 7, 2011 5:05am
Hi suirad. I use the daily and weekly to give me an overall bias and longer term targets. I trade off the M15 chart and usually, if I get a profit, I like to leave some to run. Most of them get knocked out but it's still worth it - free trades.
100 pips is much too small to get to 1.7. One down day will knock that out - then it's wasted. I would leave it at BE plus 1.
However, H4 chart shows upward trend line respected, so if price breaks it, order could be closed IMO.
