GBP/USD Trading

Quote from joemiami:

On a 10-15 min time frame with 3-5 min time frame for entry along with use of fibs/pivot points, you would give yourself the opportunity to ride the market for a longer period of time, hence the more pips you make :)
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Agreed.
Psych levels will come into play on the longer time frames, also.
You must be willing to have the pair move against you, or eat into your profits for a short time, without bailing on the trade.
I say this, as it is MY greatest issue. :)
 
Quote from davidmaria1:

Agreed.
Psych levels will come into play on the longer time frames, also.
You must be willing to have the pair move against you, or eat into your profits for a short time, without bailing on the trade.
I say this, as it is MY greatest issue. :)
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well said sir...I really want to get into one of those 100 to 200 pip trades per one trade...hey, how is your EUR/AUD trading going?
 
Profitable, but draining mentally. As I've stated many times, and you should research yourself, that pair can range 400 pips, and oftentimes does much more. Cable scalps it, but that is more art than science (just an opinion.) Scalping becomes art after the science is determined. Just came up with that!
 
Quote from increasenow:

this morning was the first time ever I traded the GBP/USD...I live in the USA...

I made +22 pips on a one minute GBP/USD "short/sell" trade this morning...very thankful!

anyone else trading the GBP/USD?
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I trade the GBP/USD as well, though not as much as I trade the EUR/USD.

I really like the GDP/USD because it trends well and regularly gives nice 30-60 pip swings to trade.
 
Quote from lemeeeplay:

I trade the GBP/USD as well, though not as much as I trade the EUR/USD.

I really like the GDP/USD because it trends well and regularly gives nice 30-60 pip swings to trade.
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how many EUR/USD trades per day do you average?
 
3-5 avg trades here as well, done mostly during the late London to early NY session

I find that EUR/USD tends to do a big 100 pips move in 10 min and then stay in a tight range for 1-2 hours and consolidate. So there are very few tradable moves generated per session, and if I miss the move, I usually wait an hour or two and try to ride the next one.
 
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