Go Back   DailyFX Forex Forum | FX Forum > Currency Pairs > GBP/USD

Reply
 
Thread Tools Rating: Thread Rating: 231 votes, 4.43 average.
  #3706 (permalink)  
Old 06-25-2008, 01:34 AM
Senior Member
 
Join Date: Jun 2008
Posts: 596
BH-Eurofighter is an unknown quantity at this point
Quote:
Originally Posted by BH-Eurofighter View Post
Today some (maybe bigger) bounce is possible.
But later I expect drop on our trading range.
(maybe someone wants to hedging this or go out of
trade now (without loss) and jump into trade on higher position).
I will make bigger sell order in such position.


In this moment I suggest small buy order to hedhed our first
little trade short position.

Hedging buy order at 1.9701 to protect our first sell order

So we have only a few pips inside hedging position (almost nothing)
Close Buy (hedging position) at 1.9685

Last edited by BH-Eurofighter; 06-25-2008 at 01:40 AM..
Reply With Quote
  #3707 (permalink)  
Old 06-25-2008, 01:51 AM
Senior Member
 
Join Date: Jun 2008
Posts: 596
BH-Eurofighter is an unknown quantity at this point
Another little Sell for target2 at 1.9676

- First order - Target 1 at 1.9655
- Second order- Target 2 at 1.960

Last edited by BH-Eurofighter; 06-25-2008 at 01:53 AM..
Reply With Quote
  #3708 (permalink)  
Old 06-25-2008, 02:27 AM
Senior Member
 
Join Date: Jun 2008
Posts: 596
BH-Eurofighter is an unknown quantity at this point
Move both stop losses on 1.9685

Last edited by BH-Eurofighter; 06-25-2008 at 02:29 AM..
Reply With Quote
  #3709 (permalink)  
Old 06-25-2008, 02:38 AM
Senior Member
 
Join Date: Jun 2008
Posts: 596
BH-Eurofighter is an unknown quantity at this point
Now both stop losses on 1.9676
Now we are safe.

We have sit and wait what will happen
Reply With Quote
  #3710 (permalink)  
Old 06-25-2008, 02:58 AM
Senior Member
 
Join Date: Jun 2008
Posts: 596
BH-Eurofighter is an unknown quantity at this point
Stop losses HIT (trades without loss)

Now we have to sit and wait for the top of possible bounce
(Trichet influence on gbp)

Last edited by BH-Eurofighter; 06-25-2008 at 03:03 AM..
Reply With Quote
  #3711 (permalink)  
Old 06-25-2008, 03:27 AM
Member
 
Join Date: Feb 2008
Posts: 130
St_Fx is an unknown quantity at this point
Quote:
Originally Posted by BH-Eurofighter View Post
Stop losses HIT (trades without loss)

Now we have to sit and wait for the top of possible bounce
(Trichet influence on gbp)
Hi everyone ,
today gbp and looking for bounce to with few some pips high. overall treder sentiments and trade direction bearish ( not for today day trade)
Reply With Quote
  #3712 (permalink)  
Old 06-25-2008, 04:10 AM
Senior Member
 
Join Date: Jun 2008
Posts: 596
BH-Eurofighter is an unknown quantity at this point
Quote:
Originally Posted by John Kicklighter View Post

Anyone else shaping their GBPUSD trades around the threat of event risk tomorrow?
It seems that Federal Open Market Committee will leave the benchmark interest rate at 2 percent today.
gbpusd sentiment is down (short) so I think nothing Big will happened at FED report. Maybe some volatility. We will see a few hours after report if this have influence on gbpusd.


1.9689 small short order.
Reply With Quote
  #3713 (permalink)  
Old 06-25-2008, 04:22 AM
Member
 
Join Date: Jun 2008
Posts: 15
wiz6 is an unknown quantity at this point
Went short at 1.9686
Reply With Quote
  #3714 (permalink)  
Old 06-25-2008, 04:42 AM
Member
 
Join Date: Apr 2008
Posts: 66
tabimansour is an unknown quantity at this point
a little too early there i guess ... i'm going short at around 1.9730 - 40 for a TP: 1.9640-30
Reply With Quote
  #3715 (permalink)  
Old 06-25-2008, 04:52 AM
arodriguez's Avatar
Member
 
Join Date: May 2007
Posts: 447
arodriguez is an unknown quantity at this point
Send a message via MSN to arodriguez Send a message via Skype™ to arodriguez
Quote:
Originally Posted by BH-Eurofighter;162897...
[COLOR="RoyalBlue"
1.9689 small short order. [/color]
Mr. BH,

I just want to better understand you. when you say "small order" what do you mean? do you use SL? you never talk about it. Instead to see you posting trades, I would like to see your analysis... why down, why up?

thanks,

A.
Reply With Quote
  #3716 (permalink)  
Old 06-25-2008, 05:48 AM
Member
 
Join Date: Feb 2008
Posts: 130
St_Fx is an unknown quantity at this point
Quote:
Originally Posted by BH-Eurofighter View Post
It seems that Federal Open Market Committee will leave the benchmark interest rate at 2 percent today.
gbpusd sentiment is down (short) so I think nothing Big will happened at FED report. Maybe some volatility. We will see a few hours after report if this have influence on gbpusd.


1.9689 small short order.
yes its more likely too we see wipsaws on befor and aftre 1 or 2 hours of decision

Last edited by St_Fx; 06-25-2008 at 07:19 AM..
Reply With Quote
  #3717 (permalink)  
Old 06-25-2008, 05:53 AM
SKS SKS is offline
Member
 
Join Date: Jun 2008
Posts: 154
SKS is an unknown quantity at this point
Talking Short GBP/USD

Quote:
Originally Posted by St_Fx View Post
yes its more likely too we see wipsaw
Mr. BH
I too have gone short at 1.9690 and will go short again at 1.9739 with an target of 1.9644. So lets see what happens next if the technicals are correct or market rumours win? Good Luck to all fellow traders in this pair.
Reply With Quote
  #3718 (permalink)  
Old 06-25-2008, 06:45 AM
lovelyforex's Avatar
Member
 
Join Date: Feb 2008
Posts: 414
lovelyforex is an unknown quantity at this point
Talking hmm

ahahahahahahahha celever clever...must wear cool fever
Reply With Quote
  #3719 (permalink)  
Old 06-25-2008, 07:11 AM
Member
 
Join Date: Jun 2008
Posts: 15
wiz6 is an unknown quantity at this point
Quote:
Originally Posted by wiz6 View Post
Went short at 1.9686
Hedge at 1.9735
Reply With Quote
  #3720 (permalink)  
Old 06-25-2008, 07:25 AM
SKS SKS is offline
Member
 
Join Date: Jun 2008
Posts: 154
SKS is an unknown quantity at this point
Thumbs down Short GBP

Went short 1.9739 covered at 1.9719

Again short at 1.9724 to cover at 1.9718
Reply With Quote
Reply

Tags
boe, british, gbp, pound, sterling

Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 05:04 PM.
Copyright ©2009 Daily FX. All Rights Reserved.