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08-31-2012, 03:12 AM #1111
Exciting here, I still have my longs open with SL 1575, target 1.589...
Close them on a correction if they hold, or wait, don't know what to do 
I still believe above 1.575 we ride the bull, but that can change within any hours.
Money does make you happy, only sad that you can't buy health.
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08-31-2012, 03:31 AM #1112
if price pull back from 5755 and 5707 and close above EMA50, target we can expect till 16000, otherwise we look for bearish outlook for this pair.
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08-31-2012, 03:38 AM #1113  Originally Posted by Bart3s  Exciting here, I still have my longs open with SL 1575, target 1.589...
Close them on a correction if they hold, or wait, don't know what to do
I still believe above 1.575 we ride the bull, but that can change within any hours. Yes tricky today Patience and Discipline
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08-31-2012, 04:04 AM #1114 Originally Posted by root-minus
picture hosting
update .
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08-31-2012, 04:33 AM #1115 GBP/USD August 31 2012
GBP/USD found support as we reached 1.5755 which is tusdays's low and as long as we trade above this level the trend will remain bullish and we need to expect price to reach 1.5850. A breakout above the 1.5850 level which is also today's R1 level till probably take price to 1.59 which is the august 23 high. Only a breakout below 1.5755 would shift the trend from bullish to bearish - if this happens we need to expected a drop to 1.57.
What's your take on GBP/USD today? Join the forum now and share your view.
GBP/USD 1 hour time frame
Market Strategist | DailyFX London
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08-31-2012, 04:35 AM #1116
booked most near 1.58000 round number
sold EG 0.79270 for scalp
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08-31-2012, 04:50 AM #1117
added at 1.578 , look to shift stops if we see a decent upward spike but both positions secured. Looking to see what happens at 1.5806 retrace level....
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08-31-2012, 05:29 AM #1118 Originally Posted by root-minus booked most near 1.58000 round number
sold EG 0.79270 for scalp
cable blows tg
got nothing from EG, bailled minus a few
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08-31-2012, 05:37 AM #1119 Originally Posted by citytrader46 I don't know about Greg but I have a trendline at 15783 and I am adding to my long from 15803 stop 15743 target 15833 initially However you may be advised to wait a little longer as the hourly RSI is not oversold yet..... This is just how I trade Closed out at 15823 no need to be greedy in this market will take my 60 pips profit and await developments later when Big Ben speaks GL all Patience and Discipline
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08-31-2012, 05:47 AM #1120
GU 8 hrs - 5720ish imp supp
A quick on 8 hrs GU chart..
Pretty much self explained and prefer long sides against the 5720ish hold for a 5980-90 move...
Best would have been a long entry rt off to the main supp at 5725-30...
GL....
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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08-31-2012, 05:48 AM #1121
stops shiftted to 1.5805 , let it run , banked some anyway. Get the feeling this is getting moved more by euro so my plan for EG will have to wait Originally Posted by markie6 added at 1.578 , look to shift stops if we see a decent upward spike but both positions secured. Looking to see what happens at 1.5806 retrace level....
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08-31-2012, 06:11 AM #1122
CD Wave Theory - Keeping it Simple With One ? Only. Which Step is Market Doing?
[QUOTE=Alejandro Zambrano;1308774]GBP/USD August 31 2012
GBP/USD found support as we reached 1.5755 which is tusdays's low and as long as we trade above this level the trend will remain bullish and we need to expect price to reach 1.5850. A breakout above the 1.5850 level which is also today's R1 level till probably take price to 1.59 which is the august 23 high. Only a breakout below 1.5755 would shift the trend from bullish to bearish - if this happens we need to expected a drop to 1.57.
What's your take on GBP/USD today? Join the forum now and share your view.
GBP/USD 1 hour time frame
My take on GU and EU still remains bearish. GU will not see 1.5900 today price will be charging down and I am expecting sub 1.5700 today. If the decline reaches 1.5600 it would not surprise me. Speaking of surprise many who have their hopes pinned on QE3 might be surprised when they realized hours from now that it is not going to happen. The charts have been clearly saying that another round of QE will not happen this month or in September 2012 but some just can't see or hear what the charts which know all things in advance are saying. Go ahead and pile on the shorts on GU and EU. keep stop at the 1.5891 level for Gu and just above the 1.26 level for EU. if you like going long have a look at USDCAD and USDCHF. Those two will be lifting north with force. SL of 9491 for $CHF and 9821 for $Cad will suffice. No need to put limit just take your profits whenever you like, even next year if you don't mind because those two will not be coming back any time soon.
Last edited by Nature Boy; 08-31-2012 at 06:16 AM.
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08-31-2012, 07:06 AM #1123
more over - its always AFTER THE EVENT HAS OCCURED - not current, anyone can do this
my cat can do AFTER THE EVENT HAS OCCURED
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08-31-2012, 07:30 AM #1124
I am all out ... happy with that run. Luckilly I didn't jump in and try and catch the knife falling hard yesterday. Patience is improving...
If it moon shoots from here, so be it..
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08-31-2012, 07:37 AM #1125 Originally Posted by markie6 I am all out ... happy with that run. Luckilly I didn't jump in and try and catch the knife falling hard yesterday. Patience is improving...
If it moon shoots from here, so be it..
you did well - that takes alot of heart to do that, well done
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