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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 21, 2011 0:38
ok working on the gbp$..to me it looks weak on the hourly charts as it traded today constantly bouncing along the bottom trendline&breachn it over&over..telling me that if it wasnt for the weak $ im sure gbp would prob collapse lol..when i move to a daily it tells a different story..total strength with 2 huge green sticks but i noticed that the chanel from the houly chart was inplay and the top chanal being tested @respect so 164 should b good resistance and prob a good entry for shorts..still sitting out:(..gl/gt:)
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 20, 2011 13:33
cable looks to b testing top chanel.. past 2x it was respected ...but with the momo flowing upside is more likely..gl still watchn lol:)
jacek
Australia
Posted Anonymously
13 years ago
Apr 20, 2011 12:17
sh.. stoped out in cable with that spike down:-( anyway still a nice profit of 62 lows yesterday..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 20, 2011 11:28
@jacek, no not on EBS. Forex is still a sideline for me. I use a number of forex and spreadbet brokers inc your GoMarkets in Aus. If I were a scalper I should have to access deeper pools of liquidity but right now my typical forex trades are 3 units of one full lot/unit so comparitively small size. In longer term positions I take off and load up as mkt develops. The question of ultra tight spreads is not really an issue for me.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 19, 2011 17:29
cable trending up so leaving it with 30pip (volatility based) trailing stop for 1.64 target..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 19, 2011 15:57
are you on EBS Dave?
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 19, 2011 15:56
I guess Ye crystal ball uses Ye feed to tell Ye future.. Ye shall sheep not!.. :-)
DaveO
UK
Posted Anonymously
13 years ago
Apr 19, 2011 15:37
@jacek My data feeds show 6229 low after your entry. Sun shineth on da righteous :-)
jacek
Australia
Posted Anonymously
13 years ago
Apr 19, 2011 14:48
and very close to stop again 1.6257 @8.44.. so it seems I might need to loosen these stops/targets a bit for everyone's sake..
jacek
Australia
Posted Anonymously
13 years ago
Apr 19, 2011 14:31
Sir checked my feed and it only got to 1.6237 @ 3.02.. it was for a quickie and not a swing so it wouldn't have been big disapointment not getting it:-)
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