GBP/USD trading

[DannyBly1]

Despite my previous comment on fundamentals..I just got long for a short term trade - the 5 period EMA crossed over the 10 period EMA on the 15 minute chart and there is bullish confirmation from the oscillators...

 

[cashmoney69]

i've been short from 9:30am, and it hasnt moved. short from 9732... watch this be a bullish reversal and once again i get f--ed.

 

[cashmoney69]

nik, still short?..

 

[nik1033]

Quote from cashmoney69:

nik, still short?..

Yep Mate, still holdng short...there is good resistance at 1.9780...seems it will be down-flying point to the cable...

good luck

 

[nik1033]

Quote from cashmoney69:

looking at the 4hr, seems we can get another down move. Think ill short with u. how many lots do you usually trade?

now 3..

 

[nik1033]

closed short +100, cable can reverse today and catch 1.9730...be carefull

GL

 

[cashmoney69]

out with 102 pips from

9732 to 9630

made about 98.50 after trade costs. Kinda wish I made more considering how long I had to hold this position, but it was only 1 mini lot so I guess thats not to bad.

I made about 2.35 an hr..haha

cm

 

[nik1033]

seems pound will run down till 1.9500 today...

GL

 

[nik1033]

Quote from nik1033:

seems pound will run down till 1.9500 today...

GL

here we are

 

[cashmoney69]

Nice trade nic.. I got out too soon. I cant believe cable went straight down for 6hrs without a single pullback...very rare?

heres a 4hr chart of strong support around 9300