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Cable Update (GBPUSD)

  • #19,841
  • Jul 19, 2007 12:17am Jul 19, 2007 12:17am
Quoting Holypendant
U r rite Krishna. bad day yest for me... rite nw i had a order to long at 2.0557 SL 2.0517 TP 2.0637. Hopefully i hit my TP and regain my stupid loss yest...

let me help u to regain ur losses,

short at 2.0530 stop 2.0570 take prft at 2.0435
double long at 2.0435 tp at 2.0485,

just try small quantity n see is it going to work,
as yesterday i told u that if trade doesn;t comes i will change my name,
same i can say today but only if cable doesn;t breaks high,

regards
lord of fx"
LIVE LOVE LAUGH KRISHNA
  • #19,842
  • Jul 19, 2007 12:19am Jul 19, 2007 12:19am
Quoting Danish
i dont say this system is good..
but this is the result:

Position A:
Enter Buy at 1.9660
Closed at 2.0134
Profit : 174pip

Position B
Enter Sell at 2.0134
Closed at 2.0159
Profit : - 25 pip

Position C
Enter Buy at 2.0122
Closed at : Still in position
Profit Float : 546pip
(I will closed it when the next arrow appear)
How do u determine entry and exit points. And how long have u been using this system? Have u used it in both trending and ranging markets?
  • #19,843
  • Jul 19, 2007 12:23am Jul 19, 2007 12:23am
Quoting krishna
let me help u to regain ur losses,

short at 2.0530 stop 2.0570 take prft at 2.0435
double long at 2.0435 tp at 2.0485,

just try small quantity n see is it going to work,
as yesterday i told u that if trade doesn;t comes i will change my name,
same i can say today but only if cable doesn;t breaks high,

regards
lord of fx"
But tot the news later coming is expected to be gd? if it's gd, hw can cable go dwn?
  • #19,844
  • Jul 19, 2007 12:30am Jul 19, 2007 12:30am
Quoting Holypendant
But tot the news later coming is expected to be gd? if it's gd, hw can cable go dwn?

forget news,don;t see at all,

i never see data what ever release i don;t care at all,
becasue this market is only built on technicals n graphs,

data n news r made after looking to technicals,

for example mostly it happen if news is good even though market is in negative or reverse trend,
why?
becasue technical r most important,monday good news for usd but did usd moved a 20 pips positive - noooooooooooooooooooo,

that;s y i say don;t see news column,be on technical put ur stops n enjoyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy.

rgds
lord of fx"
LIVE LOVE LAUGH KRISHNA
  • #19,845
  • Jul 19, 2007 12:32am Jul 19, 2007 12:32am
Quoting wwwin
How do u determine entry and exit points. And how long have u been using this system? Have u used it in both trending and ranging markets?
i did mentioned in my thread just now..i will enter the position if the signal appear..*example..arrow up appear i will enter buy ant put my stop lost behind the arrow..please see the pic properly..i use other indicator to spot the ranging market for me to keep away from trade during the ranging..
  • #19,846
  • Jul 19, 2007 12:35am Jul 19, 2007 12:35am
the price action r moving so slow nw.... so boring...
  • #19,847
  • Jul 19, 2007 12:45am Jul 19, 2007 12:45am
Krishna, so today we are going down?
  • #19,848
  • Jul 19, 2007 12:48am Jul 19, 2007 12:48am
krishna said if gu doesn't break 0550 then we will go down

we might fly above 0600 or drown below 0500
Trade what you see, not what you think.
  • #19,849
  • Jul 19, 2007 12:54am Jul 19, 2007 12:54am
I'm goin out wit my frenz n hope i come back, cable fly sky rocket up to heaven... haha... cya guys later.... gd luck to every1 either shorting of longing cable...
  • #19,850
  • Jul 19, 2007 12:59am Jul 19, 2007 12:59am
n the cable is down....
  • #19,851
  • Jul 19, 2007 1:01am Jul 19, 2007 1:01am
Quoting questtrader
n the cable is down....
cable is not going anywhere until news
Trade what you see, not what you think.
  • #19,852
  • Jul 19, 2007 1:05am Jul 19, 2007 1:05am
Quoting karmostaji
cable is not going anywhere until news
that's rite... between GBP and USD... both migh have bad news data but since USD is in the weakest state... cable would still be bullish....
  • #19,853
  • Jul 19, 2007 1:23am Jul 19, 2007 1:23am
At this minute, and at this price, traders are scared to buy. So, from now until the news we may see about 30-40 pips declining
  • #19,854
  • Jul 19, 2007 1:23am Jul 19, 2007 1:23am
trapped in a channel..would look good for a long fill if we face an upward breakout...else...i'll just chill.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 37 KB
  • #19,855
  • Jul 19, 2007 1:24am Jul 19, 2007 1:24am
Quoting soros_junior
that's rite... between GBP and USD... both migh have bad news data but since USD is in the weakest state... cable would still be bullish....
so is the any consiquences that GU might drop till 2.0435 and climb again till 2.0485?
  • #19,856
  • Jul 19, 2007 1:29am Jul 19, 2007 1:29am
Quoting venci
Krishna, so today we are going down?

definately if cable doesn;t breaks high till 12.00 gmt,
all currencies r on high resistance levels,which r not possible to break,
n supports r coming at 2.0435 for today,

if generaly u see cable moves almost 10o pips,
today;s openig price is 2.0530,
so while calculating downtrend its touching its important support at 2.0435

now i m watching current price is 2.0528 its very best rate to go short,

rgds

lord f fx"
LIVE LOVE LAUGH KRISHNA
  • #19,857
  • Jul 19, 2007 1:34am Jul 19, 2007 1:34am
I see the moon
Trade what you see, not what you think.
  • #19,858
  • Jul 19, 2007 1:42am Jul 19, 2007 1:42am
Quoting questtrader
so is the any consiquences that GU might drop till 2.0435 and climb again till 2.0485?
This looks like a question for Inspector Clouseau.......price at 0525, yesterdays High 0547and Low 0458, so the consiquences of making new lows....mais oui its falling.....ask Krishna!
Trading Levels with WRBs
  • #19,859
  • Jul 19, 2007 1:44am Jul 19, 2007 1:44am
Quoting krishna
let me help u to regain ur losses,

short at 2.0530 stop 2.0570
Well it seems we have our daily target now ;p

Stop hunters, to arms!

*highly curious as to whether we'll see 2.0575*
Trust price. Know yourself.
  • #19,860
  • Jul 19, 2007 1:53am Jul 19, 2007 1:53am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting bravado
has more to do with "no dealing desk". you can open an account with as little as $400.

some require min of $5000.

there are others where min is $100,000. i've been looking at these trying to find out what the advantages are.
Hi Bravado, thanks for the info. I'm trading using FXCM - No Dealing desk, spreads are quite consitant, hedge allowed and can open with as little as $300.

anyone know if FXCM is classed as ECN account.

kind regards
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