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Cable Update (GBPUSD)

  • #143,821
  • Jul 7, 2009 5:14pm Jul 7, 2009 5:14pm
im out +40 pips looking for another short later on..
  • #143,822
  • Jul 7, 2009 5:26pm Jul 7, 2009 5:26pm
Frustrated buyers are fed up of the bears and are trying to make the market look bullish hoping that the bears give up... but in the long run, the bears lead.
  • #143,823
  • Jul 7, 2009 5:28pm Jul 7, 2009 5:28pm
Quoting malcolmb14
there are three books you need in this game.

One to explain candle patterns ... something like http://www.traderslibrary.com/morein...arch%233541809

then this one .. covers ALL...

thanks alot malcolmb!

cheers..
  • #143,824
  • Jul 7, 2009 5:29pm Jul 7, 2009 5:29pm
I have a short order at 6140 .. just below the daily central pivot and the 38.2 of todays down move.
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  • #143,825
  • Jul 7, 2009 5:31pm Jul 7, 2009 5:31pm
evening guys how ya all. I had a nice cute loss of some 70 pips
Its all in the mind.
  • #143,826
  • Jul 7, 2009 5:32pm Jul 7, 2009 5:32pm
Quoting albchr
My apologies sir. When you said very new, I assumed VERY new....LOL Sorry about that....

No need for apologies sir. I am still new to this forex trade.

Lets enjoy the dive. cheers!
  • #143,827
  • Jul 7, 2009 5:38pm Jul 7, 2009 5:38pm
Quoting malcolmb14
there are three books you need in this game.

One to explain candle patterns ... something like http://www.traderslibrary.com/morein...arch%233541809

then this one .. covers ALL the basics and one of the best books i have read on technical...
before you buy these books .. why not download them as PDF?

tech analysis of the financial markets .. http://www.4shared.com/file/23299830...rkets.html?s=1

candle stick charting explained ... http://www.4shared.com/file/34418233...orris.html?s=1

master the markets ... http://www.4shared.com/file/62063434...liams.html?s=1
  • #143,828
  • Jul 7, 2009 5:46pm Jul 7, 2009 5:46pm
Quoting jack.canadia
before you buy these books .. why not download them as PDF?

tech analysis of the financial markets .. http://www.4shared.com/file/23299830...rkets.html?s=1

candle stick charting explained ... http://www.4shared.com/file/34418233...orris.html?s=1

master the markets ... http://www.4shared.com/file/62063434...liams.html?s=1

omw to the crime scene..

thx alot jack, cheers!
  • #143,829
  • Jul 7, 2009 5:47pm Jul 7, 2009 5:47pm
Quoting junto
omw to the crime scene..

thx alot jack, cheers!
hah np man .. you can find any financial book as PDF, or any book really, on www.4shared.com .. just search and download! save $$$$$
  • #143,830
  • Jul 7, 2009 5:49pm Jul 7, 2009 5:49pm
Quoting jack.canadia
before you buy these books .. why not download them as PDF?

tech analysis of the financial markets .. http://www.4shared.com/file/23299830...rkets.html?s=1

candle stick charting explained ... http://www.4shared.com/file/34418233...orris.html?s=1

master the markets ... http://www.4shared.com/file/62063434...liams.html?s=1
Thanks for these great links!

PG
  • #143,831
  • Jul 7, 2009 5:54pm Jul 7, 2009 5:54pm
Jack,
Can I ask, have you ever heard of Questrade in Toronto? Looking for broker outside US.
Thanks
  • #143,832
  • Jul 7, 2009 5:56pm Jul 7, 2009 5:56pm
Quoting fxgrnwise
Jack,
Can I ask, have you ever heard of Questrade in Toronto? Looking for broker outside US.
Thanks

Most are moving to www.fxcm.co.uk the UK based office so no restrictions as yet unlike the USA. Isn't toronto Canada ?? if so they've lost Stops and other abilitys recently so NO!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,833
  • Jul 7, 2009 5:57pm Jul 7, 2009 5:57pm
Quoting fxgrnwise
Jack,
Can I ask, have you ever heard of Questrade in Toronto? Looking for broker outside US.
Thanks
No i havent .. i am with a broker in the states actually .. fxcm

never considered a canadian broker.

Anyway, i have an updated chart including some weekly and monthly pivots.

My sell zone is 6130/50.
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  • #143,834
  • Jul 7, 2009 5:57pm Jul 7, 2009 5:57pm
hey jack could i have ur gamertag for xbox ( i know that was random sorry)
  • #143,835
  • Jul 7, 2009 5:59pm Jul 7, 2009 5:59pm
Quoting Turveyd
Most are moving to www.fxcm.co.uk the UK based office so no restrictions as yet unlike the USA. Isn't toronto Canada ?? if so they've lost Stops and other abilitys recently so NO!!
tbh, the whole idea of not stops really isnt that bad .. you can still play a stop, just as an opposing order

im starting to do it so i can get used to it .. since hedging is gone .. if i want to buy while i have a sell open, the buy cancels the sell (if its the same size) and closes the trade.
  • #143,836
  • Jul 7, 2009 6:00pm Jul 7, 2009 6:00pm
Quoting tjhimself
hey jack could i have ur gamertag for xbox ( i know that was random sorry)
i dont have one .. but! im going to a friends place for a week on thursday about 2 hrs from my place and ill be playing his xbox all day .. ill get in touch with you then and give you his tag and we'll play some cod
  • #143,837
  • Jul 7, 2009 6:02pm Jul 7, 2009 6:02pm
Quoting jack.canadia
i dont have one .. but! im going to a friends place for a week on thursday about 2 hrs from my place and ill be playing his xbox all day .. ill get in touch with you then and give you his tag and we'll play some cod
alright and i closed my short for a 40+ pip gain and now looking for a entry point around 1.6150-6200 to sell dont know if it will retract that high
  • #143,838
  • Jul 7, 2009 6:05pm Jul 7, 2009 6:05pm
Quoting jack.canadia
tbh, the whole idea of not stops really isnt that bad .. you can still play a stop, just as an opposing order

im starting to do it so i can get used to it .. since hedging is gone .. if i want to buy while i have a sell open, the buy cancels the sell (if its the same size) and closes the trade.

A opposing Limit order is a interesting take hmmmmmmmmm

As a Chop player which works most of the time it can sometimes run away from me, cause I can hedge it would give me a ability to negate some of the down move jump off the hedge and claw some back when time.

But yeah thats 1 way around it I guesss, harder to setup / slower and more confusing I can see many cocking up those orders at there cost
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,839
  • Jul 7, 2009 6:05pm Jul 7, 2009 6:05pm
Thanks for the comments, I did not know Canada had lost stops etc. I had read other comments about the FXCM Uk platform not being really good.
  • #143,840
  • Jul 7, 2009 6:06pm Jul 7, 2009 6:06pm
Quoting jack.canadia
tbh, the whole idea of not stops really isnt that bad .. you can still play a stop, just as an opposing order

im starting to do it so i can get used to it .. since hedging is gone .. if i want to buy while i have a sell open, the buy cancels the sell (if its the same size) and closes the trade.

Also, most brokers will program it in so as you won't really notice any difference in your platform or how you use it. I spoke with mine today (IBFX) and they're working on implementing it in the servers. So if I place a SL, TP or even a trailing stop, they generate another order for them that isn't "married" to the first so it complies with the new FIFO rule.

BELIEVE me I was really worried because my style depends on these.
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