Cable Update (GBPUSD)

still may get to 2875 or so , will see ,,,,, probably close at 1st tgt if before London ,,,,,,, nice little short in the eur from the highs so playing with house money already lol

wrong windows la masta...hehe

UK bank holiday today ... Any chance to move GBPUSD ?

Hello... Gapped up and gap closed but with many pockets around I see.... I think I will hands off at the moment

GBPUSD was fill GAP )
and UK bank holiday today

Yeah, I'm thinking 1.4 now

well done bud

1.2 if monthly bar closes strongly bearish

looking more bullish intraday

could retest 1.2960 area

I think that 1.2960 is a good level to go short because there we have 38.2 Fibo and resistance. Also this week is third round of negotiations which in my opinion will bring some level of disconfort.

closed my longs

on the sidelines atm

OK there is a price spike on TradersWay at 00:48 which is 2:48 pm pacific time 5:48 pm eastern US standard time. Cable has spiked over 1.300000 Eur/USD has spiked down to 1.1945 and Eur GBP is at .91853. Is this price only showing up on Tradersway? anybody else see these prices? Please Respond!

I'm running a demo with tradersway. No, it didn't shoot up to 1.30000. Not even close. But it did drop from 1.197 to 1.194 in 15 minutes. Which is a pretty big drop during an off-time in the markets. I don't think I'm going live with these guys. Thank goodness my account is only a demo.

edit: My bad. I was looking at the eur/usd chart at the time. You're right. It was a sudden spike up to 1.3 on the gbp/usd. Every site I've checked online so far has not shown that. Like I said, I don't think I'm going live with this broker.

OK if you say your Eur?USD changed that much, then what about Eur/GBP pair? That had to change then too right? if you are telling me that your cable on Tradersway Demo did not change but your Eur/USD did change down to 1.194 then it means by mathematical certainty that Eur/GBP had to also change significantly upwards! What did the Eur/GBP change to on your demo?

I didn't check the eur/gbp. I'm just saying, every site I've checked so far on the internet did not show those spikes on the gbp/usd and the eur/usd.

OK I have emailed TraderWay and attempted several chats still no answer. How could one broker have prices that no other broker is showing. Not even close, all three currency pairs GBP/USD, EUR/USD, EUR/GBP?. What conceivably could occur besides a scam? is it time to go back to the CFTC? or NFA? How could this happen outside of a scam? Not on OANDA or anyone else,( and I have 5 brokers), did I find this price.

That's why I don't have a live account with them. Someone recommended them, so I signed up for a demo account. Then I checked their website, and there is no physical address for their office. That is a big warning sign. Plus, too much gapping happening on the smaller timeframes (1m and 5m). I'd recommend an established broker like Dukascopy (they've been around for almost 20 years), or IC Markets. I'm probably signing up with IC, since my account is going to be pretty small, and they offer 500:1 max leverage. Dukascopy has 200:1 max leverage, but their commission structure is awesome for bigger traders. The only downside is they don't have native MT4 support, but I hear they now have a bridge to MT4 program/app/whatever. I've heard nothing but good reviews from those brokers, aside from the sore losers over at forex peace army. You know, the kind of traders that just do nothing but news trading.

I have had a live account with them for about a year. Everything has been fine thus far. they have done all withdrawals. and have even gone through the trouble of restore money on my account on mistakes that I made! I have gotten refunded twice on complaints I made to the company. So far so good. But when I see price spikes, I have enough experience, to know that price spikes are scam broker behavior. This broker Tradersway has been PERFECT THUS FAR. So I am hesitant to jump to that conclusion.

Here is the Response I got on chat just now.


Mary
Dear Lamar Barnes, thank you for contacting us! How may I help you?
05:18 PM
Lamar Barnes
is there any way to explain the price spikes on GBP/USD and Eur/USD and Eur/GBP? at 00:48 mt4 platform time?
05:19 PM
I can find these prices on no other brokers and have not spoken to any other traders who can find these prices.
05:20 PM
Mary
Yes, our IT department is already checking on the issue, also we are verifying the prices with our liquidity providers and if there was any issue on their end we will be happy to take a look.
05:20 PM
Lamar Barnes
OK I have sent an email to the customer support department. Thanks for the response!
05:22 PM
Mary
You're welcome!
05:22 PM
We will check on this and give a response as soon as he have answers.
05:22 PM
Lamar Barnes
Have a good one!
05:22 PM
Mary
Have a nice day, goodbye.
05:22 PM
Operator Mary has left the chat.
The chat is ended. (20:23:05)