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  • #181
  • Edited 3:25am Jul 2, 2012 2:59am | Edited 3:25am
GBPUSD long @ 1.56528, price went down and bounced off the daily pivot which is just below a half number, TP is 1.5698. R:R a little under 1:2

Closed @ 1.56735. +20

Well would you look at that, the minute I close is exactly when the price breaks through, still, better to be safe than sorry.
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  • #182
  • Jul 2, 2012 5:17am Jul 2, 2012 5:17am
Thanx for the indi's. Got them downloaded and up and running. Is there any tweaks or variation to the standard set up that needs to be taken into account?

keep on pippin'
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #183
  • Jul 2, 2012 5:19am Jul 2, 2012 5:19am
Quoting scarlet pipe
Thanx for the indi's. Got them downloaded and up and running. Is there any tweaks or variation to the standard set up that needs to be taken into account?

keep on pippin'
On the 'Pivots' indy, I have the Pivots and Mid pivots set to true and the Camarilla set to false, thats about it really.
  • #184
  • Edited 7:32am Jul 2, 2012 7:08am | Edited 7:32am
GBPUSD short from resistance @ 1.56724. SL @ 1.5693. TP 1.5626

Closed at break even, expected a bigger drop.

May look to get in short if it rejects the 1.57 area again.
  • #185
  • Jul 2, 2012 9:45am Jul 2, 2012 9:45am
gbpusd long @ 1.56796. SL 1.5659. TP 1.5719

SL is now at break even.
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  • #186
  • Jul 2, 2012 9:51am Jul 2, 2012 9:51am
Quoting GDR3k
gbpusd long @ 1.56796. SL 1.5659. TP 1.5719

SL is now at break even.
Closed @ 1.5697. +18

I'm loving GBPUSD as of late, the moves are quick and its range of pips is very high compared to audusd or eurusd, usually double, its suiting my trading style down to a T, happy days.
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  • #187
  • Jul 2, 2012 4:39pm Jul 2, 2012 4:39pm
Sorry all... I have been away...

Manage to book some profit today and will look to be more active tomorrow and going forward... :-)
  • #188
  • Jul 2, 2012 4:48pm Jul 2, 2012 4:48pm
Quoting Nexas
Sorry all... I have been away...

Manage to book some profit today and will look to be more active tomorrow and going forward... :-)
Had a good time? I was starting to feel like billy no mates in here..
  • #189
  • Jul 2, 2012 5:35pm Jul 2, 2012 5:35pm
No where nice :-) Just took a few days out as the EU summit was on and I didn't fancy trading during that time...

as it happens there were some big moves which I missed... grrrr....

Don't worry you are not billy no mates... not with me around :-)
  • #190
  • Jul 2, 2012 5:52pm Jul 2, 2012 5:52pm
Yeah I caught a few of the moves, I expected a few nasty spikes but there wasn't any thankfully, well I'm going to bed, hard life this FX malarky... lol

Back to the grind in the morning, till then...
  • #191
  • Jul 3, 2012 12:56am Jul 3, 2012 12:56am
morning to you all.

I trade for a living and often post in the EURUSD thread and have stumbled upon this one.

Today very focused on EU and the Dax.

I am long on the EU looking for +1.283x see separate posting on analysis
  • #192
  • Jul 3, 2012 12:57am Jul 3, 2012 12:57am
Outlook for today

Daily:
In correction of 1.328x to 1.228x move down.
On wave C of simple ABC correction giving probable target zone 1.283x to 1.290x.
Wave C confirmed when price exceeds 1.2747, invalid below 1.2406.
Coreection valid until 1.328x or 1.228x gives andbecomes unlikely outcome if 1.3070 gives.

Hourly:
The probable wave C has retraced over 80% of the wave B indicating that a continuation to the upside is more likely.
Possible that it may dip slight towards 1.251x first watch for rejection around 1.255x to 1.256x.
See targets in daily with intermediate target of 1.274x on the hourly also.
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  • #193
  • Jul 3, 2012 2:34am Jul 3, 2012 2:34am
Good morning, nice to have you with us, eurusd has bounce off what looked like what would be most likely resistance at the 1.2613 area, gbpusd looks like a coiled spring ready to explode as the price is currently in a massive supply area, so naturally my bias is to look for shorts, however its best to only trade what you see - not what you expect, lesson learned many times...
  • #194
  • Jul 3, 2012 2:53am Jul 3, 2012 2:53am
Quoting GDR3k
Good morning, nice to have you with us, eurusd has bounce off what looked like what would be most likely resistance at the 1.2613 area, gbpusd looks like a coiled spring ready to explode as the price is currently in a massive supply area, so naturally my bias is to look for shorts, however its best to only trade what you see - not what you expect, lesson learned many times...
that's for sure, leave the bias view to the bar
  • #195
  • Jul 3, 2012 3:37am Jul 3, 2012 3:37am
I am short on the Dax from 6540

dynamic target which is currenty 6511 but that will stretch or shrink as PA proceeds
  • #196
  • Jul 3, 2012 3:43am Jul 3, 2012 3:43am
Quoting MaxDoom
I am short on the Dax from 6540

dynamic target which is currenty 6511 but that will stretch or shrink as PA proceeds

set to BE
  • #197
  • Jul 3, 2012 3:48am Jul 3, 2012 3:48am
Quoting MaxDoom
set to BE
which broker allows you to trade dax?
  • #198
  • Edited 4:32am Jul 3, 2012 3:48am | Edited 4:32am
Morning


Took aussie long @1.0254
TP 1.028
SL @BE+

EDIT: Knocked Out @ BE+
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  • #199
  • Jul 3, 2012 3:51am Jul 3, 2012 3:51am
Quoting Nachiket
which broker allows you to trade dax?

I have about six brokers they all do.

You may have it listed as Ger30
  • #200
  • Edited 5:22am Jul 3, 2012 4:12am | Edited 5:22am
I've just entered short EURUSD @ 1.25968, hoping to catch a bounce off the whole number, SL is tight @ 1.2620, TP is 1.2553.

R:R is about 1:2.

It can't seem to make its mind up.

*************

Edit, price is now at 1.2580 and the SL has been moved to break even @ 11.21am UTC.
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