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Thread: GBP.USD

  1. #346
    action-reaction arco's Avatar
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    60 pips taken. Happy with that .............could be more but I can sleep easy

    I'll look for a reversal pattern to form below the Kumo.

    Last edited by arco; 16-09-2009 at 08:20 PM.
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  2. #347
    action-reaction arco's Avatar
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    Yesterdays action visited the Kumo as expected(yellow spot) giving a roller coaster ride for hangers on and only a few extra pips.

    The current PA is bogged down under the Kumo, and with a DT line not far above and a potential flag, longs should be cautious IMO

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  3. #348
    action-reaction arco's Avatar
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    Result - trade still open. I entered shortly after the bearish engulf (1.6536) with SL just above that arrowed candle


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  4. #349
    Guru peat's Avatar
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    yep - originial position still open, added some more last night and closed that out this morning for about a hundred pips.
    For clarity, nothing I say is advice....

  5. #350
    action-reaction arco's Avatar
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    You still in Peat?

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  6. #351
    Guru peat's Avatar
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    yup +300 ....
    For clarity, nothing I say is advice....

  7. #352
    Guru peat's Avatar
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    couldnt help myself - closed +387
    I would need to close it in the next couple of days anyway due to being o'seas and offline so now seems like a good time. still have the Eur/Gbp long
    Last edited by peat; 21-09-2009 at 05:19 PM.
    For clarity, nothing I say is advice....

  8. #353
    action-reaction arco's Avatar
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    Always good to take a profit

    Also closed 50% off at exactly +300

    Have a good trip

    arco
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  9. #354
    Guru peat's Avatar
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    yep its climbed 200 pips now back to the 61% retracement of the fall so could be toppy again here or slightly higher.....
    For clarity, nothing I say is advice....

  10. #355
    action-reaction arco's Avatar
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    Hi Peat

    I got out of the balance as well with a nice profit.

    Looking for re-entry.
    Present PA looks interesting and it could reverse soon falling
    through that thin Kumo below

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  11. #356
    action-reaction arco's Avatar
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    Could be looking interesting for a short around 6390-6400
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  12. #357
    action-reaction arco's Avatar
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    Quote Originally Posted by arco View Post
    Could be looking interesting for a short around 6390-6400
    High was 6388. Gee I gotta sharpen up a bit

    Currently +31


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  13. #358
    Always learning
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    Nice work arco, I see the GBP is tanking against all pairs tonight

  14. #359
    action-reaction arco's Avatar
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    Quote Originally Posted by outspoken View Post
    Nice work arco, I see the GBP is tanking against all pairs tonight
    Yes, it might have a long way to go. The green line is the potential H&S I mentioned a while back
    .

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  15. #360
    action-reaction arco's Avatar
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    Update

    I've taken the profit, hoping for a retrace.

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