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GBP/USD

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Re: GBPUSD

yeah i plan to get out ASAP.

the bunjip is quite leveraged into its position, being on the wrong side of the late sell off on saturday morning.

im quite happy to take some losses, so that the whole EA doesnt suffer a major problem if the pound keeps tanking.
 
Re: GBPUSD

Hi again SN,

I do not know how the Bunjip works so cannot comment on what it might be telling you, but my own system indicates low probability of price action below 1.4072ish.

If anything currencies have responded strongly to quantitative easing and similar measures it seems.

That is all the comfort I can provide until open...oops, and I see we are just open with a gap up! Toldja I tidy little profit of its own, that gap!

Congrats!

I have been awake since 4pm yesterday, bedtime.
 
Re: GBPUSD

yay!

not only did it not open down, it opened up! extra profits!

hoorary! happy dance time!

have a good sleep sinner.
 
Re: GBPUSD

wow...Cable is getting wacked.

EDIT: Forgot the chart.

Hourly:
 

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Re: GBPUSD

loyds getting nationalised. 500 billion dollar govt backing.

+ central bank announcing it was running the printing press.
 
Re: GBPUSD

Stormin_Norman said:
yay!

not only did it not open down, it opened up! extra profits!

hoorary! happy dance time!

have a good sleep sinner.
Click to expand...

Hi Stormin Norman,

Thanks, I had a great sleep. Working night shift is a boon and burden at the same time.

Had some fun scalping this pair in the London pre-open price action but got smashed on my first ever fat fingers trade today! Placed a long at the very peak of strong 5min resistance (by my strategy) when I wanted a short!



All my capital for tonight wiped out in one go. Will have to just sit on the sidelines and watch disconsolately what could have been amazingly profitable night. Since my nightshifts end tomorrow night I will not be able to trade for a while anyway adding insult to injury!

As I mentioned this morning, my bet for tonights action was overall downward (contrarian indicator against strong buying and open interest) and this is indeed what we have seen.

Congrats again on the take profit for Bunjip, you must be a proud dad!
 
Re: GBPUSD

Wow nobody has posted in this thread since I last wrote something?

Is anyone else watching the downward sloping channel which has formed on the 15m chart?

Plenty of range to trade tonight.
 
Re: GBPUSD

This is a fun game.

Scalping longs off the GBPUSD on the 15m:
 

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Re: GBPUSD

Should be an interesting night I think.

Any opinions? Looking dangerously close to breaking down but obviously waiting for the news.

Also watching E/U. Lots have gone short already, I am waiting for confirmation on the 4H.
 
Re: GBPUSD

Well, that was fun:

All shorts, approx 92.8 pips in a few moments Way more than I needed for the night

That will do me fine for the night, thought I would have to trade for the whole session.

Most recent trade at the top. The AUD/USD short was left from 9amish and closed at 6pm.
 

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Re: GBPUSD

i_in said:
may by you want to post end my statement too
Click to expand...

That would be great.
I will look forward to it.

Posting charts when you do your one liners would also be great ol'son.

Cheers big ears. :thankyou:
 
Re: GBPUSD

BentRod said:
That would be great.
I will look forward to it.

Posting charts when you do your one liners would also be great ol'son.

Cheers big ears. :thankyou:
Click to expand...

you don't pay my bills to do this for you
 
Re: GBPUSD

I guess you just don't understand my point

Your one liner posts of I will blah blah blah here with a stop there and a target there are useless without a chart
 
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