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Cable Update (GBPUSD)

  • #25,321
  • Aug 16, 2007 5:21pm Aug 16, 2007 5:21pm
Can anyone confirm this? or is this my chart? Thats shit nasty move if it did happen. I check all frames, and it looks the same. WHAAT...thats 5000+ pips.
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  • #25,322
  • Aug 16, 2007 5:26pm Aug 16, 2007 5:26pm
Quoting SeekingLight
How many % did those pips move? I'm really curious

I risk verrrrrrrrrrrrrrrrrrrry little.
hmm currently i'm at 6700+ pips.

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% wise. i rather not discuss.
if you think about it a bit deeply. you will understand why.

verrrrrrry little is also relative to your account size.

blah blah.

woooooooooooooooo! baby! wooooooooooooooo!
BAM BAM BOOM! -bravado
  • #25,323
  • Aug 16, 2007 5:38pm Aug 16, 2007 5:38pm
Quoting SeekingLight
How many % did those pips move? I'm really curious

I risk verrrrrrrrrrrrrrrrrrrry little.
ok i fess up.

5000+ pips for is,

6 packs of these:

http://www.simply70s.com/otherimages/exp/52007s.jpg

and i'm about to blow it all away baby!

wooooooooooooo! baby! wooooooooooooo!
BAM BAM BOOM! -bravado
  • #25,324
  • Aug 16, 2007 5:38pm Aug 16, 2007 5:38pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting pinchapip
I apologize guys....I'm really sorry....but this is just unacceptable!!!

As if fighting the market itself was not hard enough you have to fight against your broker too!!!!

What bothers me the most is the fact that one of the Oanda's founders is a pioneering doctor in computer science..but they can't keep their servers running decently. BUCKETSHOP BROKER!!!!!!

Here a FF broker poll, might help you find the broker for you.

http://www.forexfactory.com/showthre...94#post1535194
  • #25,325
  • Aug 16, 2007 5:41pm Aug 16, 2007 5:41pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting m00jiman
Can anyone confirm this? or is this my chart? Thats shit nasty move if it did happen. I check all frames, and it looks the same. WHAAT...thats 5000+ pips.
if that really happened, someone went hunting with a tank. ouch
  • #25,326
  • Aug 16, 2007 5:56pm Aug 16, 2007 5:56pm
  •  tazmet
  • | Joined Jun 2007 | Status: Gold Member - Solid Gold Baby! | 47 Posts
I think both are equally important - not necessarily for the broker but as a trader. If you trade from charts, these must be rock solid and in synch with your broker's prices - just my opinion. I tried all of the free FXCM charts - saw the same issues of chart not matching broker platform, stalling/freezing. I actually think the FXCM chart plug-in which is actually "market scope" is pretty decent as far as applications. But it is not always in synch with the platform - a major flaw if you ask me - just my opinion. In any case - I suppose this topic is best for the broker forum and not the GU thread. I don't want the Forex police i.e. mafia to come after me.


Quoting Warper
I cant understand how can someone prefers a good chart forex company, instead of a SAFE and Fast execution company. Is the trader that makes profit. Blaming the charts is not an option.

Regarding your problem, yes, it's demo problems, i've seen it before, but they dont happen on live accounts.
My business model Get pips => Keep Pips => Repeat
  • #25,327
  • Aug 16, 2007 6:03pm Aug 16, 2007 6:03pm
  •  tazmet
  • | Joined Jun 2007 | Status: Gold Member - Solid Gold Baby! | 47 Posts
This was Oanda's message on their forum:

We are aware that a majority of clients are experiencing difficulty accessing the platform. At this time we still don't know the cause of the problems and the engineering team continue to investigate. The analysis is complicated by the fact that throughout the day many were experiencing issues, while other clients did not have any issues.

As part of the investigation out engineers have temporarily disabled the activity log on the GUI. However transaction history will work instead. This seem to have solved the major issues.


None of this is due to liquidity problems. While liquidity has been extremely tight, OANDA addresses these issues by widening the spreads.
My business model Get pips => Keep Pips => Repeat
  • #25,328
  • Aug 16, 2007 10:40pm Aug 16, 2007 10:40pm
Hi there people im new to this forum great moves yesterday what are peoples predictions for the gbpusd today?

Great job
  • #25,329
  • Aug 16, 2007 10:46pm Aug 16, 2007 10:46pm
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting forexking2
Hi there people im new to this forum great moves yesterday what are peoples predictions for the gbpusd today? Great job
This is a major reversal. From my observation, cable could come down to 1.94XX this month, after which I think it would probably rise again.
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #25,330
  • Aug 16, 2007 11:17pm Aug 16, 2007 11:17pm
I think we are just in a shock period. Real estate is a huge business in the U.S. and the sub prime issue caught everyone off guard, about the effect on the rest of the world. Over all the $ is still week and once the shock wears off we will be marching back the other way. Question is when. as a short term trader like I think most of us are, everyday we think can it really go any lower, is this the bottom. Well I think you keep selling until you have that loss going the other way. We all should have made some money so one loss won't matter. I think once this thing start back up it will go up like a rubber band that was stretch out. I Figure if bad news keeps playing out in the Financial areana we will see the $ rally until the next FOMC. Watch the head lines because the only reason for the reversal today was the rumor of a emergency meeting, well it didn't happen and it can back. For the short term the head lines have made all my decisions. Right now there is nothing coming out that will change the current situation so I'm still sell and with crazy profits on all $ pairs. How do you not buy $'s. This is a crazy ride.
  • #25,331
  • Aug 16, 2007 11:38pm Aug 16, 2007 11:38pm
Quoting tazmet
This was Oanda's message on their forum:

We are aware that a majority of clients are experiencing difficulty accessing the platform. At this time we still don't know the cause of the problems and the engineering team continue to investigate. The analysis is complicated by the fact that throughout the day many were experiencing issues, while other clients did not have any issues.

As part of the investigation out engineers have temporarily disabled the activity log on the GUI. However transaction history will work instead. This seem to have solved the major issues.


None of this is due to liquidity problems. While liquidity has been extremely tight, OANDA addresses these issues by widening the spreads.
This is sweet... Do you think this is acceptable??? Nope... I am switching brokers.
.
  • #25,332
  • Aug 17, 2007 12:09am Aug 17, 2007 12:09am
Quoting CWH
This is a major reversal. From my observation, cable could come down to 1.94XX this month, after which I think it would probably rise again.
Thankyou will wait for the reversal for big buys
  • #25,333
  • Aug 17, 2007 1:59am Aug 17, 2007 1:59am
Quoting bravado
ok i fess up.

5000+ pips for is,

6 packs of these:



and i'm about to blow it all away baby!

wooooooooooooo! baby! wooooooooooooo!
I've made since last week +2742 pips
I didn't enter any trades since yesterday
  • #25,334
  • Aug 17, 2007 2:10am Aug 17, 2007 2:10am
hi does anyone think a reversal is imminent or is cable going to carry on south?
  • #25,335
  • Aug 17, 2007 2:27am Aug 17, 2007 2:27am
STRAP YOUR SEAT BELT IS DOWNSOUTH FOR NOW BUDDY .....AND BY THE WAY WE RIPPED THE 1H TUNNEL....

DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #25,336
  • Aug 17, 2007 2:28am Aug 17, 2007 2:28am
Quoting patience07
hi does anyone think a reversal is imminent or is cable going to carry on south?
yesterday i miss big boat usd/jpy now try long cable at 1.9698(a bit high)
drop over 50 pip just after long.and worry to take another long.
  • #25,337
  • Aug 17, 2007 2:36am Aug 17, 2007 2:36am
Quoting emptmata
yesterday i miss big boat usd/jpy now try long cable at 1.9698(a bit high)
drop over 50 pip just after long.and worry to take another long.
Dont. Worry about risk. If you add more lot, and the price still go against you...your problem will go twise as big. Besides, the trend is a HUGE down. Adding another long would not be a good idea IMHO.

Thanks

TNT
I Love Forex Factory!
  • #25,338
  • Aug 17, 2007 2:37am Aug 17, 2007 2:37am
Quoting emptmata
yesterday i miss big boat usd/jpy now try long cable at 1.9698(a bit high)
drop over 50 pip just after long.and worry to take another long.
I am going to try a small long bet multiplied by a big move = good earnings.

With huge whips like this it has to be small so i can expect big losses before i see bigger profits

with the dow whipping 300 points in an hour there is a risk of total wipe out if its a big bet

stop losses are going to get whacked very easily in this hurricane and will not help

so 'big wave riding' with small bets is the only way i reckon

i will put a small long on cable soon and hope to see 270 points times my bet by the time i get back from scotland next tuesday

day trading is for the brave right now so i am topping up my margin account and fastening my seat belt and riding some big losses and profits between now and next week - hopefully 1.9870 or so by tuesday - we will see


I will put a s/l around 1.92 and hope it doesnt bump that
  • #25,339
  • Aug 17, 2007 2:39am Aug 17, 2007 2:39am
Have a good trading to ALL.. Have huge unprecedented, terribly large amount of pips to ALL... I have decided to leave this forum, news, etc etc... And in fact any forum and any news... For my own benefit.. Will concentrate on models and other stuff.. Thanks for the advice from whom I received advice....

Regards
Bullrock
.
  • #25,340
  • Aug 17, 2007 2:43am Aug 17, 2007 2:43am
the euro is holding "almost" 2 days at 1.340...that means something to me...to me...and there was 2 signs yesterday on cnn
first go like this

112,XY usd/jpy...

the other goes like this

We are in the middle of the crisis....bla,bla
its just money
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