i agree on TP.
better be safe in these conditions!
the 5800 previous said, can come, but can also not
if will come, will be time to get in again tomorrow/friday/next week/the other......
Cable Update (GBPUSD)
- #320,981
- Aug 8, 2012 6:30am Aug 8, 2012 6:30am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #320,982
- Aug 8, 2012 6:32am Aug 8, 2012 6:32am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
make up your mind ..so I can copy
- #320,983
- Aug 8, 2012 6:33am Aug 8, 2012 6:33am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
actually I am short @ 1.5665 TP1 1.5621 TP 2 1.5604 and TP3 1.5587
good luck
edit: btw, GREAT ENTRY! thumbs up!
90% of traders use TA, indicators and prediction
- #320,984
- Aug 8, 2012 6:34am Aug 8, 2012 6:34am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Not just scalpers. A lot of retail had their buy orders on 1.56 with most likely a stop just below. You can see this on the OANDA customers historical open orders.
http://fxtrade.oanda.ca/analysis/historical-open-orders
Click on GBPUSD and change to one day. You can see the orders were slap bang on 1.56. Once you know where the stops are then you can bet they are going to get taken out.
true
- #320,985
- Aug 8, 2012 6:36am Aug 8, 2012 6:36am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
partial cut profits @5667.
just for the satisfaction to fuck the evil by 1 pip
just for the satisfaction to fuck the evil by 1 pip
90% of traders use TA, indicators and prediction
- #320,986
- Aug 8, 2012 6:39am Aug 8, 2012 6:39am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
let me explain: the worst thing about morning's 5600 line is that once broken, i guess a lot of people went short to target lower with a stop >5600. causing double loss.
something like:
You were right on direction but I'm trying more to think what big money might do. They would never buy a big round number such as 1.56 since they would never get filled.
They need the large sell orders and stops underneath to get filled on their buy orders.
- #320,987
- Aug 8, 2012 6:41am Aug 8, 2012 6:41am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
i also will be looking to short but i want to see if clears out previous high
edit: btw, GREAT ENTRY! thumbs up!
maybe funds will realise that GBP is doomed
who cares
we trade the moment.
from my point of view we were down on GBP as in this morning and hoping that the bad news will affect it.
it did first then the zombie picked up and said all pink.
I don't get it.I must be a moron indeed so do not follow any fundie I say
- #320,988
- Aug 8, 2012 6:43am Aug 8, 2012 6:43am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
retreated quite sharp just ahead of yesterday high...30 pips....I don't like it
maybe funds will realise that GBP is doomed
who cares
we trade the moment.
from my point of view we were down on GBP as in this morning and hoping that the bad news will affect it.
it did first then the zombie picked up and said all pink.
I don't get it.I must be a moron indeed so do not follow any fundie I say
my instinct tell me we are going up..
small time frames are a mess to trade
- #320,989
- Aug 8, 2012 6:45am Aug 8, 2012 6:45am
- Joined Aug 2007 | Status: I'm a Lemurians | 1,432 Posts
- #320,991
- Aug 8, 2012 6:50am Aug 8, 2012 6:50am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #320,992
- Aug 8, 2012 6:54am Aug 8, 2012 6:54am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #320,993
- Aug 8, 2012 6:56am Aug 8, 2012 6:56am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
my instinct tell me we are going up..
small time frames are a mess to trade
- #320,994
- Aug 8, 2012 6:56am Aug 8, 2012 6:56am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
price is in uptrend on monthly..but confirmation of break of hammer is needed, right now the sum bitch is waving to the support of breakout..i love the way i appear to the only one who perhaps see this..hehe
I wonder am i seeing what i want to see
but domino begins after 5725 taken out.
the thing can go nowhere whole week. then give a slap on friday, just few hours before week close.
as usually.
let's see
90% of traders use TA, indicators and prediction
- #320,995
- Aug 8, 2012 7:00am Aug 8, 2012 7:00am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
you are right.
but domino begins after 5725 taken out.
the thing can go nowhere whole week. then give a slap on friday, just few hours before week close.
as usually.
let's see
i make 1.5750 need to get a close above and hopefully it will go much higher
right now..looking at dailly its stoped right at resistance looking to make people short..is it a good place? yes
will it work? no idea
- #320,996
- Aug 8, 2012 7:02am Aug 8, 2012 7:02am
- Joined Aug 2007 | Status: I'm a Lemurians | 1,432 Posts
- #320,997
- Aug 8, 2012 7:02am Aug 8, 2012 7:02am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #320,998
- Aug 8, 2012 7:07am Aug 8, 2012 7:07am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
i make 1.5750 need to get a close above and hopefully it will go much higher
is it a good place? yes
will it work? no idea
5725 is previous weekly close+open etc..
a great line
90% of traders use TA, indicators and prediction
- #321,000
- Aug 8, 2012 7:11am Aug 8, 2012 7:11am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
I was short from 1.5665, 1661, 1551 targetting :
TP1 5619
tp2 1.5601
tp3 1.5883
small lot only...
