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Cable Update (GBPUSD)

  • #16,961
  • Jul 3, 2007 4:03pm Jul 3, 2007 4:03pm
Whats the consensus of direction?
"Millionaires don't use astrology, billionaires do"
  • #16,962
  • Jul 3, 2007 4:06pm Jul 3, 2007 4:06pm
Quoting Turtle
Classic....

2 questions cesarnc,

1. where are you from???

2. When trading how many lots do you start out with?

I notice that you always close 3/4 once profit is made and then you leave 1/4 open. Just curious if you don't mind revealing....

Thanks in advance
1. São Paulo - Brazil.

2. I trade microlots, which allow me to trade several prices + several pairs simultaneously. But how many lots I use per trade is not fixed.

By "microlots" does not mean I trade only $0.01 / pip. Overall I usually have like a total of 2 to 3 minis (10K lots) on the run. Taking profit here and there, adding lots here and there.

I just care to have trades that make sense. I'm never long GU and short EU for instance.

I usually trade GU, UJ, GJ, EU and EJ simultaneously. AUD, NZD and CAD just for scalping lately.
  • #16,963
  • Jul 3, 2007 4:13pm Jul 3, 2007 4:13pm
if i may cesar....
Attached Images
its just money
  • #16,964
  • Jul 3, 2007 4:19pm Jul 3, 2007 4:19pm
I think cable begins its breakdown tonight right through the holiday tomorrow, and drops out of sight. then finds selling exhaustion on NFP for retrace. Or maybe this is just prefered outcome
"Millionaires don't use astrology, billionaires do"
  • #16,965
  • Jul 3, 2007 4:24pm Jul 3, 2007 4:24pm
Another top caller.

One of these days I will be proven wrong, but the wreckage of all the others who've blown out their accounts will stack up well against that one who calls it at the right point.
  • #16,966
  • Jul 3, 2007 4:27pm Jul 3, 2007 4:27pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting OrionsWay
I think cable begins its breakdown tonight right through the holiday tomorrow
New to this, trying SMA on Weekly, Daily, 1hr, 30min and 15min all point up.

I appreciate the 'what goes up must come down theory' but could do with some indicators to back this up.

I have worked with the USD for years (not trading) and know that it prfers to sit lower on the exchange, but still cannot find any support for the change of direction.

any help would be appreciated
  • #16,967
  • Jul 3, 2007 4:30pm Jul 3, 2007 4:30pm
Quoting de123
if i may cesar....
  • #16,968
  • Edited 4:44pm Jul 3, 2007 4:32pm | Edited 4:44pm
Quoting SunTrader
Another top caller.

One of these days I will be proven wrong, but the wreckage of all the others who've blown out their accounts will stack up well against that one who calls it at the right point.
Sun trend is far from finished but futures is selling open intrest is dropping volumes drying up there seems to be no more buyers left so order flow should change and go offer. how deep how long not sure but i will exit when i feel its right. and if she plows through the top it wont be going far. I think there is more money to be made by the makers Killing the late or weak longs. But anything is possible


The last quater of that channel is the buy zone
Attached Image (click to enlarge)
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"Millionaires don't use astrology, billionaires do"
  • #16,969
  • Jul 3, 2007 4:56pm Jul 3, 2007 4:56pm
Patience
Trade what you see, not what you think.
  • #16,970
  • Jul 3, 2007 5:06pm Jul 3, 2007 5:06pm
There ya go!!!!! Mister Cesarnc is a Brazilian guy....just like Mr pinchapip here. I don't know why but I was under the impression that you were an African-American from North Carolina !!!!!

Nice meeting you brother....lots of Brazilians trading on forex, huh ???

Brazil had sooooo many currencies over its history that we are sort of hardwired for it...right ????
For he that would be deceived, let him.
  • #16,971
  • Jul 3, 2007 5:12pm Jul 3, 2007 5:12pm
Quoting cesarnc
1. São Paulo - Brazil.

2. I trade microlots, which allow me to trade several prices + several pairs simultaneously. But how many lots I use per trade is not fixed.

By "microlots" does not mean I trade only $0.01 / pip. Overall I usually have like a total of 2 to 3 minis (10K lots) on the run. Taking profit here and there, adding lots here and there.

I just care to have trades that make sense. I'm never long GU and short EU for instance.

I usually trade GU, UJ, GJ, EU and EJ simultaneously. AUD, NZD and CAD just for scalping lately.
Thanks for the info, I have a aunt and uncle who travel from Brazil to NJ a couple of times a year...please don't ask where in Brazil.

I trade super mini account and I'm starting to learn more about other currencies, which will allow me to trade small lots.

I'm finally learn how to follow trends and buy on the dips, which has given me one of my best weeks so far, in relation to pip count.

Thanks to you and others for providing knowledge on this forum, it is helping me more and more each day....
  • #16,972
  • Jul 3, 2007 5:12pm Jul 3, 2007 5:12pm
Quoting pinchapip
There ya go!!!!! Mister Cesarnc is a Brazilian guy....just like Mr pinchapip here. I don't know why but I was under the impression that you were an African-American from North Carolina !!!!!

Nice meeting you brother....lots of Brazilians trading on forex, huh ???

Brazil had sooooo many currencies over its history that we are sort of hardwired for it...right ????
Thought you've noticed I'm a brazuca, too...

Not much Brazilians trading, well, not that I'm aware of. Used to chat with some, but they blew up their account and vanished

Where you from?
  • #16,973
  • Jul 3, 2007 5:15pm Jul 3, 2007 5:15pm
Quoting pinchapip
There ya go!!!!! Mister Cesarnc is a Brazilian guy....just like Mr pinchapip here. I don't know why but I was under the impression that you were an African-American from North Carolina !!!!!
The brother from NC would be me that you are talking about....
  • #16,974
  • Jul 3, 2007 5:20pm Jul 3, 2007 5:20pm
Now that there is no market to trade, let's laugh a little:

Hilton Hotels Agrees to Be Bought by Blackstone for $26 Billion (bloomberg.com)

So freaking Paris Hilton leaves jail and finds a buch of BILLION with her name on it. I'd spend a whole year in Guantanamo for much less, for crying out loud.

  • #16,975
  • Jul 3, 2007 5:26pm Jul 3, 2007 5:26pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
Now that there is no market to trade, let's laugh a little:

Hilton Hotels Agrees to Be Bought by Blackstone for $26 Billion (bloomberg.com)

So freaking Paris Hilton leaves jail and finds a buch of BILLION with her name on it. I'd spend a whole year in Guantanamo for much less, for crying out loud.

Maybe they will use the spare cash to fund some alternative accomadation for paris, comes complete with vertical window dressing and a new best buddy. everyone could do with a place to hold up in after a night out with there mates
  • #16,976
  • Jul 3, 2007 5:35pm Jul 3, 2007 5:35pm
hehehheheh...brazuca!!!!!

I was born in the land of..."Zeze di Camargo"...hehhehe.. but grew up in Sao Paulo. I consider myself more a "caipira" than anything else.

I trade on Oanda..and there are plenty of Brazilians over there...they tend to disappear from time to time, maybe due to the reasons you pointed out..hehhehe!!!

Well...we are still standing...right !!!! Again nice to meeting you !!!!
For he that would be deceived, let him.
  • #16,977
  • Jul 3, 2007 5:36pm Jul 3, 2007 5:36pm
Quoting pinchapip
hehehheheh...brazuca!!!!!

I was born in the land of..."Zeze di Camargo"...hehhehe.. but grew up in Sao Paulo. I consider myself more a "caipira" than anything else.

I trade on Oanda..and there are plenty of Brazilians over there...they tend to disappear from time to time, maybe due to the reasons you pointed out..hehhehe!!!

Well...we are still standing...right !!!! Again nice to meeting you !!!!
You live in São Paulo?
  • #16,978
  • Jul 3, 2007 5:46pm Jul 3, 2007 5:46pm
No man !!!! I've been living abroad for a while now !!!!

Do you remember when Mr Fernando Collor de Mello declared the bank holiday and started the process of sequestering peoples money???

Well I was lucky enough to have taken all my money from my bank account the Friday before it happened.

Since than I have lived in Switzerland....and most recently in Florida.
For he that would be deceived, let him.
  • #16,979
  • Jul 3, 2007 5:48pm Jul 3, 2007 5:48pm
Quoting pinchapip
No man !!!! I've been living abroad for a while now !!!!

Do you remember when Mr Fernando Collor de Mello declared the bank holiday and started the process of sequestering peoples money???

Well I was lucky enough to have taken all my money from my bank account the Friday before it happened.

Since than I have lived in Switzerland....and most recently in Florida.
Wow, you are a luck man. A number of people lost a great deal of money in this event.

But I guess that you know that Collor is back as senator. Freaking people, when will they ever learn...
  • #16,980
  • Jul 3, 2007 5:51pm Jul 3, 2007 5:51pm
Quoting cesarnc
Now that there is no market to trade, let's laugh a little:

Hilton Hotels Agrees to Be Bought by Blackstone for $26 Billion (bloomberg.com)

So freaking Paris Hilton leaves jail and finds a buch of BILLION with her name on it. I'd spend a whole year in Guantanamo for much less, for crying out loud.

i just checked the news as well, but wasn't it blackstone group who had stock slump on first few days of IPO? 26 billion? damn, thats a lot of money.


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