March 04 Forex

[Buk]

hmmm, locked in decent profit on cable, but the short frame signals still showing neutral/positive......euro is playing silly buggers, but worth persevering with the mo.....

 

[Newtron Bomb]

eur should give few nice point on the BO - target of 50 pips if it comes good.


NB

 

[Buk]

just cranked stops to a tad below the 40 ema's......happy to lock in at those levels for now....see where they run.......... :|

 

[Newtron Bomb]

Nice one Buk

Looking at short for GBP now
eur still waiting for BO

Happy Trading
NB

 

[Buk]

5 & 15 min trendlines holding euro up with neutral signals.....hope you're right for a positive crank on this one NB!!!.....doesn't much look like it wants to play at the moment!

re - jigged me stop, give it a bit of breathing space......

stop now at 2364 (on recent supp on the 1 min + below the short term trendlines)

 

[Buk]

that'll do me!!....... at least now there are "tradeable" levels for another pot shot........

 

[Newtron Bomb]

.

 

[anmolway]

NB what stop loss do you tend to use when taking an earkly short like the above, I suppose it would be much less than normal, thinking that it is slighlty more risky than the short at 1.2330 ish

 

[Newtron Bomb]

stop moved to 03 on gbp
stop moved to 73 on eur

 

[Newtron Bomb]

anmolway

i usulaly use anywhere from 15-30 pip stop depending on the chart anything tighter will get you stopped out imo only to watch it run. However when the trade started to move in my favour i tighten the stop up to something more suitable.

HTH
NB

 

[anmolway]

thx NB

 

[JonnyT]

With futures you can devise systems with a stop of 10 or less pips that are profitable. I guess using a Forex Broker you have to allow more for spread and movement.

JonnyT

 

[Newtron Bomb]

as long as were profitable eh

 

[Buk]

ooooooo....wondered what that sound was that woke me!.....steak thudding to the ground........

 

[Buk]

further emphasises the 240 trendline cap on cable, particularly as it reacted to the 38% fib/resistance headline at the 550 point.....a definite 'bear' stronghold.

 

[Buk]

there are a couple trendlines poking around 8515...onr from the lows this a.m (8420) & one from the high's......the 1 min is also homing in on that level with a line down from the morning's high's.....gonna watch this (reactive) point for a poss quickie to the 550 resistance!.....signals have crept over neutral.....we'll see

 

[Buk]

of course....the alternative play (on the quickie angle) is the bust of the 460 bottom channel targeting the morning low's at 420......

 

[Buk]

strap yourself in tight apotheus......

 

[Buk]

tick/1 min resist at 500.....bust that & it should crank!!

trendline supp at 78.

 

[Buk]

and 470 - 500 is the scalp channel.......