GBP/USD trading
- Thread starter nik1033
- Start date
went short at 9799..anyone with me again? 
Yea, I shorted at 9749. Target 9666. stop 9830Quote from cashmoney69:
went short at 9799..anyone with me again?
maybe this is a stupid question sinse i already saw one of your charts, but do you use a stochastics?
No, I use Delta cycles.
Only .7 pip away from being stopped on the short gbpusd overnight. Now it is dropping.
What happenned the gbp this morning (05/28) . Had a nice downtrend in the euro session (100pips ) then a good ex trans durable goods #came out at 8:30 and it reversed 100 pip against the $US without any resistance .
And dont say that cons good # was already priced in . Only the experts can say that.
And dont say that cons good # was already priced in . Only the experts can say that.
[Dollar Advances as Durable Goods Measure Unexpectedly Rises
May 28 (Bloomberg) -- The dollar reached a two-week high against the yen as a measure of U.S. durable goods orders unexpectedly increased, signaling the outlook for the world's biggest economy may improve.
May 28 (Bloomberg) -- The dollar reached a two-week high against the yen as a measure of U.S. durable goods orders unexpectedly increased, signaling the outlook for the world's biggest economy may improve.
I'm in for a small short @ 1.9783, playing the downward trend channel on the hourly. The channel is shown below...
<a href="http://s24.photobucket.com/albums/c26/sammybiker/?action=view¤t=gbpusd-3.jpg" target="_blank"><img src="http://i24.photobucket.com/albums/c26/sammybiker/gbpusd-3.jpg" border="0" alt="Photobucket"></a>
I played it last night for a cool 60 pips and am looking to do the same. Risk is above 1.98, about 20 pips, reward is above 1.972 for about 60 pips.
Easy play, either the channel holds and I make 60 pips or it doesn't and I lose 20.
<a href="http://s24.photobucket.com/albums/c26/sammybiker/?action=view¤t=gbpusd-3.jpg" target="_blank"><img src="http://i24.photobucket.com/albums/c26/sammybiker/gbpusd-3.jpg" border="0" alt="Photobucket"></a>
I played it last night for a cool 60 pips and am looking to do the same. Risk is above 1.98, about 20 pips, reward is above 1.972 for about 60 pips.
Easy play, either the channel holds and I make 60 pips or it doesn't and I lose 20.