GBP/USD trading

Discussion in 'Forex' started by nik1033, Dec 4, 2006.

  1. either u short small amount for swing target 1.92
    procted it with small call...
    or u pip ride with shorts
    what ever you do... do not long it for a couple of months at least
    GL
     
    #401     Apr 23, 2007
  2. nik1033, use the Complain button, that's what it's there for.

    If you must reply to the spammer, don't quote their post in your reply. Doing that 1) helps the spammer and 2) creates extra work for the moderator.
     
    #402     Apr 23, 2007
  3. nope, no luck...stopped out @ 1.9977.

    i'll consider getting in back long if stabilizes anywhere at or above roughly the 1.9750 area.
     
    #403     Apr 23, 2007
  4. nik1033

    nik1033

    Thanks late, will do that next time. :D
     
    #404     Apr 23, 2007
  5. nik1033

    nik1033

    Just closed out Monday short. The entry point to buy cable is not clear at the moment will update later today.

    GL & GT
     
    #405     Apr 23, 2007
  6. nik1033

    nik1033

    If close of this hour would be over 2.0010 then buy signal achieved.

    GL
     
    #406     Apr 24, 2007
  7. As long as it doesn't make it past 2.0060, I'm gonna remain bearish although am stil waiting for a good time to enter...
     
    #407     Apr 25, 2007
  8. nik1033

    nik1033

    Buy signal again achieved today.

    GL & GT
     
    #408     Apr 30, 2007
  9. nik1033

    nik1033

    :(closed out...
     
    #409     Apr 30, 2007
  10. The market pushed down to our long entry level on Friday and then rocketed up around 170 points in a volatile session. We did get a close 5 ticks below 9873, so you may have exited your longs. I hope you were able to re-enter if this occurred.

    Price closed just above the River level of 9897 so short trades continue to be aggressive.



    Long Strategy

    If you are long, stay long ahead of River at 9897.Traders can look to set new longs on a push into River at 9897 also. Risk would be an hourly close below 9873. Take partial profits at 9972, then look for 2.0052/70 and exit completely here



    Short Strategy (Higher Risk)

    Traders can look to set shorts on an hourly close below 9873. Setup on a push back to this level. Risk would be an hourly close above 9897. Take partial profits at 9781, then look for 9700 and exit completely here.



    [​IMG]
     
    #410     Apr 30, 2007