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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 17, 2011 20:16
@Chloe, I do believe I posted the 61.8% cluster level if you look back far enough and then I alerted today that it was trying to break through. Well it failed !!! Perfectly good short play there LOL. The cluster level was at 5926/36. Kindly withdraw your "damn u daveo". I try to help and now look what I get :-)
chloethebull
Canada
Posted Anonymously
13 years ago
Jan 17, 2011 19:13
damm u daveo &djella lol..throwing out big tp on gbpusd 1.60++ numbers prevented my short call @15950 from happening lol jk..got 2 other orders working 4me soo far:) so its all good:) gl2day:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 17, 2011 15:01
My methodology facilitates trading any timeframe. I once rolled over a gold trade for 11 months which I would class a position trade. Swing trading I tend to view as 2 day to 8 day plays. Daytrading for me can be anything from scalping boring action on the 3 min timeframe to multi hour positions rolling overnight when appropriate--- 15 min to 60 min timeframe charts. I don't see how any particuar timeframe can be deemed a loser, its a question of methodology and disciplines.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Jan 17, 2011 13:27
i don;t want to day trade but with all the day/day volitility i find it too risky to look far out an try to decide were markets will go in 6mth-yr.but when i do look further out i see a usd rally(for next 2q) therfore i rather short these majors gbp eur aud an long usdcad.but i must admitt im gettn better at putting the pairs in strength-weakness an @ the moment cad is strongest with gbp folowed by aud-eur.an with the help of the more experince tech traders im making some good moves lately:)
djellal
LAUSANNE, Switzerland
Posts: 531
13 years ago
Jan 17, 2011 13:16
i don't think day trading is a good strategie... I think is better to scalp the market (few pips seeker like all fx spot traders) or take long term positions based on fundamentals...day trading is only a retail brokers creation
chloethebull
Canada
Posted Anonymously
13 years ago
Jan 17, 2011 13:08
i look @ the recent move it makes an once it hits a strong resistance level i think its a great opper to short or long a pair.too risky trying to take a long veiw on most pairs with the volitility out there.i rather try for 50-100pip daily . last night i covered my audusd short@9870 entered 9945(75pips)now i look for somthing that offers me the same move.an 15950 is @ th highend of the recent move an once it broke 15880 resestance onto 15930 the 20pip over shoot to me was a great oppertunity to short now trading @15920:) gl today
djellal
LAUSANNE, Switzerland
Posts: 531
13 years ago
Jan 17, 2011 12:52
I really don't know why you want to short cable all the time... there is no objective reasons... take long position with low leverage and hold it long term
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 17, 2011 12:51
as ezone fairy tale tellers meet I think one must be careful with USD pairs and Obama rolls out carpets for Hu... technical short term trade only with tight sl
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 17, 2011 12:48
GBPAUD long sold @16050
GBPJPY long hit sl
GBPCHF long up and running hits trailing now @15375
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Jan 17, 2011 12:47
thanks for the input i was looking to short the gbpusd @15950 but gonna watch it more see if it gets to 160level mayb then enter a short position:) ..closed out my aususd short @9870:)have a greart day
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