GBP/USD

• 23 January 2009

• #281

BentRod

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Re: GBPUSD

Watching that one too W.

Sometimes these types of patterns are good to use reverse stops with.
EG...taking a long right now with a reverse stop just outside the bottom border.

I'm already short cable so I can't do that....looking for a short on a bounce off the top border or a breakout below.

 

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• 23 January 2009

• #282

Wysiwyg

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Re: GBPUSD

Good play bent, I hope you`re leaving some of those horse snapper and kingies to breed.

 

• 23 January 2009

• #283

BentRod

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Re: GBPUSD

My was Short triggered @ 137.34....will see if it's got legs.

Euro selling off too...news out in 8 mins.

 

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• 23 January 2009

• #284

BentRod

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Re: GBPUSD

I hope you`re leaving some of those horse snapper and kingies to breed.

Click to expand...

I released the King in my other photo(we tagged and released 14 that year). I kept the mulloway above, only because it took me over 1000hours to get, I'll release all the others

 

• 23 January 2009

• #285

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Re: GBPUSD

Just taking little bites in the overall trend, a bit of Friday night cash ya know.

In short at 1.3672 out at 1.36605, +11 pips when the bar hit the 20, 2.0 bollinger band and stochastic on the 1 min chart bottomed.

EDIT:

..and again..

In at 1.36851 out at 1.36544 +30pipsish, in at top Boll band out at bottom.

 

• 23 January 2009

• #286

BentRod

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Re: GBPUSD

I'm out if it touches 136.20

If not, I'm out just before the News.

 

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• 23 January 2009

• #287

BentRod

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Re: GBPUSD

My was Short triggered @ 137.34

Click to expand...

Out @ 136.35.

 

• 23 January 2009

• #288

Wysiwyg

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Re: GBPUSD

Typing of the news, according to FF the prelim. GDP q/q has the most impact on the Pound due to being the first release of three releases.

The forecast is waayyy negative and this graph shows the sharp decline in Gross Domestic Product.

Measuring GDP is complicated (which is why we leave it to the economists), but at its most basic, the calculation can be done in one of two ways: either by adding up what everyone earned in a year (income approach), or by adding up what everyone spent (expenditure method). Logically, both measures should arrive at roughly the same total.

Click to expand...

 

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• 23 January 2009

• #289

BentRod

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Re: GBPUSD

EURGBP might make a good short if cable bounces after the news.

 

• 23 January 2009

• #290

Wysiwyg

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Re: GBPUSD

And the result is -1.5% which is worse than forecast.

 

• 23 January 2009

• #291

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Re: GBPUSD

That was an ugly number. Not that surprising though.

 

• 23 January 2009

• #292

BentRod

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Re: GBPUSD

Looks like it is selling of more after the news W.

Monthly chart below.

I don't like drawing the trendline through the bars but it's the only sense I can get out of the cable chart right now.

Looks like a support zone a touch lower than where we are now.

 

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• 24 January 2009

• #293

IFocus

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Re: GBPUSD

BentRod said:

Out @ 136.35.

Click to expand...

Nice catch no need to release those pips

 

• 16 February 2009

• #294

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Re: GBPUSD

Hi guys,

Large gap down and the strongest oversold reading on the 1h stochastic in months make this a good long opportunity today imho (at least until London open). Exit would be at or near gap fill. Let's say the 50MA (grey line)

A bit of early morning scalping for me before Hong Kong opens as I don't have time for a proper position today.

Got my +10 pips and I'm out. Literally within 5 mins of waking up! Might revisit the markets during the London session but it's beautiful and sunny here in Sydney for the first day in a few so I'm gonna go out and enjoy it thanks to the GBP!

Have a good one kiddies!

 

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• 20 February 2009

• #295

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Re: GBPUSD

Is it just me on this pair?

Long at 14228 at 5PM, been goin up and down since then.

Not looking as good as it did 5 mins ago!

 

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• 20 February 2009

• #296

CanOz

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Re: GBPUSD

Hmmm, i'm short!



CanOz

 

• 21 February 2009

• #297

fapturbo

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Re: GBPUSD

You guys should take a look at this system by a guy named Matt Sharp

I'm not trying to spam here, just thought some of you guys/girls here might be interested. All for the greater good.

It is definatley worth your time checking it out.

http://www.fivetictrading.com/forex/Fxlivetrade/Fxlivetrade.html

I'm not going to get in trouble am I?

 

• 21 February 2009

• #298

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Stormin_Norman

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Re: GBPUSD

start a new thread.

as ive said before, those who can, trade. those who cant teach; or manufacture $200 EAs.

 

• 21 February 2009

• #299

fapturbo

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Re: GBPUSD

Stormin_Norman said:

start a new thread.

as ive said before, those who can, trade. those who cant teach; or manufacture $200 EAs.

Click to expand...

Nice......

The system is designed to trade GBPUSD 15min TF.

Normally I would agree with your comment. However this is a no bull**** system and it is definately a profitable way to trade. I would not post it otherwise.

When I say system, I mean a mechanical way to trade.

 

• 21 February 2009

• #300

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Re: GBPUSD

Wow looks like I missed a craaaaazy night! Gold trying to hit 1000 without me! Thanks for waiting

Price action on this pair went way below my predictions but then proceeded to bounce up and hit my +40pip limit anyway. Looks like I could have placed it a lot higher. Regardless, nice way to earn some money while I was watching a great band from NZ called Kora (www.kora.co.nz)!

Lucky I wasn't home or I would have closed the contract when it broke 1.42. A bit silly of me to not place a stop loss before I left the house but was in quite a rush.

Thanks for posting your warning canoz, it was obviously warranted! A matter of poor timing on my part once again, still learning, will be adjusting my trading rules a bit in the coming weeks I think.