Thread: Discuss GBP/USD - H2 2012

I traded a very quick short just now when it hit 16127 stop level at 15 limiting at 16115

Originally Posted by citytrader46

You can always look at that bad boy oil lol It's just broken though the daily pivot

Thanks for the heads up! I wish I had the CFD access

morning folks! 30 mins till announcement from BoE not trading till after might be a slight dip before any increase i think

Originally Posted by citytrader46

I do have a minor resistance at 16130
Attachment 155375

Set a limit order of 30 pips which was triggered and closed the trade. Await BOE minutes this morning now. However as you guys have been stating while still bullish short term it looks like upside maybe limited to 16177/80
GL out there

Attachment 155516

Maybe even 16140/55

damn school run cost me the 930 announcement trade! oh well got a long which for some reason started at 16160 (IG INDEX starting all trade 2.5 pips more than current rate) to finish at 16180

Originally Posted by sratansi

damn school run cost me the 930 announcement trade! oh well got a long which for some reason started at 16160 (IG INDEX starting all trade 2.5 pips more than current rate) to finish at 16180

The spread is variable it widens at certain times and news announcements you need to be careful of it

Originally Posted by citytrader46

The spread is variable it widens at certain times and news announcements you need to be careful of it

i know am so gutted i missed the announcement. i might pull this trade on a loss as there is a lot of resistance in the 16140-16155 area currently

Originally Posted by sratansi

i know am so gutted i missed the announcement. i might pull this trade on a loss as there is a lot of resistance in the 16140-16155 area currently

I am adding to my short here as gold slides.....

if it hits 16180ish i will go short for about 30 - 40 pips

Originally Posted by sratansi

i know am so gutted i missed the announcement. i might pull this trade on a loss as there is a lot of resistance in the 16140-16155 area currently

I'm long and looking at 16177/80 as a target

Originally Posted by citytrader46

I'm long and looking at 16177/80 as a target

will you go short after that? theres a lot of resistance in the ranges 16150-16170 currently

by the way i have used your advise for changing my stop limits which is brilliant with that i had a great day yesterday

Originally Posted by sratansi

will you go short after that? theres a lot of resistance in the ranges 16150-16170 currently

by the way i have used your advise for changing my stop limits which is brilliant with that i had a great day yesterday

Great Pleased it worked for you! Depends on the momentum what I do when it gets there if it gets there. If it breaks through this resistance at 16155 I may look to leave it open and target 16270 before looking to go short. However the 4hrs is looking overbought so I will be looking to scalp short from 16177/82. It just depends on what timescales you are looking at and what sort of trader you are .. but I'm long the GBP the FTSE Wall ST and wish I had been long the AUD the EUR the last few days but c'est la vie. I also want to short oil I have been scalping it the last few days but am looking for a longer sustained break downward but it's not happening as yet

Originally Posted by citytrader46

Great Pleased it worked for you! Depends on the momentum what I do when it gets there if it gets there. If it breaks through this resistance at 16155 I may look to leave it open and target 16270 before looking to go short. However the 4hrs is looking overbought so I will be looking to scalp short from 16177/82. It just depends on what timescales you are looking at and what sort of trader you are .. but I'm long the GBP the FTSE Wall ST and wish I had been long the AUD the EUR the last few days but c'est la vie. I also want to short oil I have been scalping it the last few days but am looking for a longer sustained break downward but it's not happening as yet

im more of a short term trader as i dont have the resources to go long term, i did see he aud and EUR too but as i have not dabbled there i didnt want to jump straight in and would rather wait now till i have some extra money. it is tempting to go for the huge long of 16200+ but am not sure it will go that high for some reason, and if it does i think it will short rapidly from there too

Bulls vs. Bears: The Spread Betting Morning Update October 17 - 2012


Main presentation
http://blip.tv/dailyfxbullsvsbears/b...7-2012-6402607

QA session
http://www.livestream.com/dailyfx/vi...edium=ui-thumb



EURGBP

Originally Posted by sratansi

im more of a short term trader as i dont have the resources to go long term, i did see he aud and EUR too but as i have not dabbled there i didnt want to jump straight in and would rather wait now till i have some extra money. it is tempting to go for the huge long of 16200+ but am not sure it will go that high for some reason, and if it does i think it will short rapidly from there too

Its only a 100 pips away now and while there may be some pullback and I certainy don't think we would get there today momentum is strong and bullish. I certainly would not looking to be going short for any period of time until it hits those levels