Cable slammed down through the fix

Quoting seaman2

Disliked

nobody makes profit with GBP. it is mirror& smoke currency.

only ones that vclaim to do are paid bloggers.

no substance.

Ignored

Cable is a wonderful pair to trade. It has pretty defined ranges for swings and by a little prudence with hedging cable can be very profitable - can't really figure out why you deny it - it rather deny the EUR/USD than cable.

michaelpelly

Feb 23, 2014 11:57am

Quoting Alexeii

Disliked

w0w I tend not to agree with you my friend. I did some nice profit on cable... I can actually say it is the best pair for trading. Opportunities are not there for those who can't see them.

Ignored

You're not trolling?! Unbelievable! :-)))))))))))))

Exodus

Feb 23, 2014 4:09pm

Quoting seaman2

Disliked

here you go my gbp story - why am I gbp bitter:

long time ago when I was beginner, traded GBP futures and bought couple of contracts with a stop for a swing trade.

one of UK front men said something what caused gbp to stop me out and jump over my stop 57 pips and came back straight away.

After detailed investigation, figured out that only my couple of contracts was executed during this spike.

Concluded that this official said what he said as he was instructed from MM so he gets excuse to stop me out.

this changed perception of...

Ignored

Weeeell...... you could always try trading without a stop...

< ...pause whilst howls of derision subside... >

...and that means lower trade leverage, ...longer time frame, close trade when you think it is best and not because of some number that you telegraphed to your broker or the market.

Or maybe just take off stops, or widen by 100 pips, at news times and when Carney, Draghi or Yellen speak.

giveachance

Feb 22, 2014 1:39am

Quoting frx_trader

Disliked

Rule No. 1: The market is always right. Instead of blaming the market, we should be more concern with our trading skills.

Ignored

market is rite. damm true but retailers are fucked everyday. that is also true. this is pure fixing of the cable price orchestrated by vodafone.

Feb 23, 2014 1:04am

Quoting Spreadbetter

Disliked

Hahahahahahaha <pause for breath> hahahahahaha Nice one, I've noticed before that you've got a very dry sense of humour, thanks for that

Ignored

well, no better cure for my mood after day started with left foot than bashing gbp.

well, it is crap.

Feb 23, 2014 2:40am

Quoting michaelpelly

Disliked

Cable is a wonderful pair to trade. It has pretty defined ranges for swings and by a little prudence with hedging cable can be very profitable - can't really figure out why you deny it - it rather deny the EUR/USD than cable.

Ignored

yes, and I am king henry the second

Feb 23, 2014 3:45am

here you go my gbp story - why am I gbp bitter:

long time ago when I was beginner, traded GBP futures and bought couple of contracts with a stop for a swing trade.

one of UK front men said something what caused gbp to stop me out and jump over my stop 57 pips and came back straight away.

After detailed investigation, figured out that only my couple of contracts was executed during this spike.

Concluded that this official said what he said as he was instructed from MM so he gets excuse to stop me out.

this changed perception of how little these guys will bang for. If this loop was used to get 1000 - 2k gbp from a newbie then one must be really careful ... and assume not gbp specific though.

hope someone learns from this....

Feb 23, 2014 3:00pm

Quoting Spreadbetter

Disliked

Paid trollers to big up cable? Fukc me that's out there with Pluto in terms of conspiracy theories...

Look, the majors have the best spreads because they're the most liquid, most traded and are the best to scalp and swing, it really is that simple, so put aside all your paranoia and trade it ffs.

Ignored

gl this week. I have some major position on so I need a bit of luck.

not in a bad mood anymore thanks to trashing gbp. Until next time

Feb 24, 2014 1:14am

Quoting Exodus

Disliked

Weeeell...... you could always try trading without a stop...

< ...pause whilst howls of derision subside... >

...and that means lower trade leverage, ...longer time frame, close trade when you think it is best and not because of some number that you telegraphed to your broker or the market.

Or maybe just take off stops, or widen by 100 pips, at news times and when Carney, Draghi or Yellen speak.

Ignored

yup, my stops are now rather wide. In last 50 trades original stop was never touched. I always exited for other reasons.

shadow of above experience on my mind, which is a good thing.

iwjw

Feb 21, 2014 11:22am

The whole day was orchestrated
Traders were lured into shorts before the news and killed right afterwards
Then the bo-Trader got their breakout on the long and were killed right afterwards
My guess is a big deal at LDN fix had to be transacted

Feb 21, 2014 3:08pm

Pedigree Chum

Feb 23, 2014 2:22am

Quoting seaman2

Disliked

well, no better cure for my mood after day started with left foot than bashing gbp.

well, it is crap.

Ignored

There's always another week. Good luck!

Feb 21, 2014 11:32pm

London Fix???

Feb 22, 2014 4:28pm

Really interesting comments!

frx_trader

Feb 21, 2014 11:59am

Rule No. 1: The market is always right. Instead of blaming the market, we should be more concern with our trading skills.

Feb 22, 2014 4:08pm

nobody makes profit with GBP. it is mirror& smoke currency.

only ones that vclaim to do are paid bloggers.

no substance.

Feb 23, 2014 2:46am

Quoting michaelpelly

Disliked

There's always another week. Good luck!

Ignored

thks. bit of luck wouldn't hurt.

Feb 23, 2014 1:25pm

gl to you all and lots of gbp profits. i pray you talking truth and are not paid trollers.

I do not trade gbp however, waiting for my revenge when gbp on left foot. it will come.

Huntpips

Feb 21, 2014 10:36am

It was over priced then it has to go down.

Squeeze

Feb 21, 2014 12:18pm

Spot on.

Quoting frx_trader

Disliked

Rule No. 1: The market is always right. Instead of blaming the market, we should be more concern with our trading skills.

Ignored

skidrow

Feb 21, 2014 10:14am

This is our demand for last few days.

Forex-Queen

Feb 21, 2014 11:06am

Quoting Guest

Disliked

rest in pips

Ignored

Hope you rest in pips too.....

Feb 21, 2014 3:18pm

Google for the FX cheat sheet and you'll find only 3 days are worked out of five (at best).

Quoting Exodus

Disliked

....hey, it is Friday. The only day of the week where US banks can jerk the market around because most of the rest of the world has gone for a beer or three.

Ignored

Feb 22, 2014 3:40am

IMHO its a misnomer suggesting a 4 pm London time fix on cable as a closing price when certain markets close but as we know FX doesn't close (in the same manner as equities or PMs) and I don't regard 4pm or 11 as a 'fix' for a major pair.

http://www.forexstreet.net/m/blogpost?id=3252082%3ABlogPost%3A531156

The only real fix in London as a London Fix IMO is this

http://en.m.wikipedia.org/wiki/Gold_fixing
http://www.bullionvault.com/guide/gold/Gold-fix

Quoting Dr.Zain

Disliked

London Fix???

Ignored

Mike Haran

Feb 22, 2014 11:00am

GBPJPY was easy to trade on Friday. It reacted right out of supply almost to the pip. As we are trending down on H4, a sell trade would have been my choice. The markets are easy to trade when you have about 12,000 hours of screen time under your belt.

This is not an easy business, 90% of people will lose their accounts, even very smart people. However trading is about chart reading, understanding what is going on, and why the market is turning where it does.

Forget stocs, RSI, MACD, ellot waves pivot points, patterns ( I was once a fan of these).

Price and trend is all you need. I now trade with a completely bare chart. Sadly most people would rather give their account to the broker, then learn how to trade correctly-

Mike Haran

Feb 22, 2014 11:26am

I know SB will slag me off for this but do I care? I had three dates for a reversal in the GPBJPY, I posted the chart on my blog 12th Feb. The dates were 15th
21st or 24~25th Feb.

Price levels I gave 171.23, 173.61,177.75

Friday 21th the GBPJPY touched 171.76, not to the pip in terms of price but 50 pips out, not bad for a forecast made 5 days in advance. What I am saying is that the informaton is there in the charts for you to use. Learn to look at the charts and also look at cycles, although not exact, you can identify zones weeks in advance.

Feb 22, 2014 1:07pm

Lol good points well made.

Quoting Mike Haran

Disliked

. The markets are easy to trade when you have about 12,000 hours of screen time under your belt.

This is not an easy business, 90% of people will lose their accounts, even very smart people. However trading is about chart reading, understanding what is going on, and why the market is turning where it does.

Forget stocs, RSI, MACD, ellot waves pivot points, patterns ( I was once a fan of these).

Price and trend is all you need. I now trade with a completely bare chart. Sadly most people would rather give their account to the broker, then...

Ignored

Feb 22, 2014 4:25pm

Hahahahahahaha <pause for breath> hahahahahaha Nice one, I've noticed before that you've got a very dry sense of humour, thanks for that

Quoting seaman2

Disliked

nobody makes profit with GBP. it is mirror& smoke currency.

only ones that vclaim to do are paid bloggers.

no substance.

Ignored

Feb 23, 2014 6:57am

I'm kinda open mouthed wrt this and your other post and how spectacularly wrong you are on so many levels. Nothing more to add.

Quoting seaman2

Disliked

here you go my gbp story - why am I gbp bitter:

long time ago when I was beginner, traded GBP futures and bought couple of contracts with a stop for a swing trade.

one of UK front men said something what caused gbp to stop me out and jump over my stop 57 pips and came back straight away.

After detailed investigation, figured out that only my couple of contracts was executed during this spike.

Concluded that this official said what he said as he was instructed from MM so he gets excuse to stop me out.

this changed perception of...

Ignored

Alexeii

Feb 23, 2014 9:59am

Quoting seaman2

Disliked

nobody makes profit with GBP. it is mirror& smoke currency.

only ones that vclaim to do are paid bloggers.

no substance.

Ignored

w0w I tend not to agree with you my friend. I did some nice profit on cable... I can actually say it is the best pair for trading. Opportunities are not there for those who can't see them.

Feb 23, 2014 2:54pm

Paid trollers to big up cable? Fukc me that's out there with Pluto in terms of conspiracy theories...

Look, the majors have the best spreads because they're the most liquid, most traded and are the best to scalp and swing, it really is that simple, so put aside all your paranoia and trade it ffs.

Quoting seaman2

Disliked

gl to you all and lots of gbp profits. i pray you talking truth and are not paid trollers.

I do not trade gbp however, waiting for my revenge when gbp on left foot. it will come.

Ignored

usman ashraf

Feb 21, 2014 10:19am

gbp will go up again atleast at 1.67

Feb 21, 2014 10:27am

watch out S2

Feb 21, 2014 10:19am

it hitted supply zone at 1.67xx...so it fell down.

illupo91

Feb 21, 2014 10:20am

Quoting usman ashraf

Disliked

gbp will go up again atleast at 1.67

Ignored

probably yes..

Usman.

Feb 21, 2014 10:41am

Yes... GBP will Go Up Again 1.6730 or it may also ammnd it's high 1.6822 Within Comming Month.

60minuteman

Feb 21, 2014 6:15pm

analysts are so boring and unnecessary...

meh it was a supply zone, meh it was them bankers...

Alexeii

Feb 23, 2014 12:55pm

Quoting michaelpelly

Disliked

You're not trolling?! Unbelievable! :-)))))))))))))

Ignored

I feel good today

Trader#AD65

Feb 21, 2014 10:22am

The trend line seems to be slower than it was moving. Seems it will go up again.

Trader#C7CD

Feb 21, 2014 10:44am

nope it was just trending, so naturally, who did not take profit, at resistance took a profit wipeout like myself..., damn banks, damn friday... rest in pips

Trader#F41E

Feb 21, 2014 12:29pm