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Cable Update (GBPUSD)

  • #25,441
  • Aug 17, 2007 8:36am Aug 17, 2007 8:36am
Quoting pino2
..I didn't mean to trade behind your back, if I was sure of what I will do today I would have traded live
ohhhhh lighten up pino2. i'm just playing with you.
BAM BAM BOOM! -bravado
  • #25,442
  • Aug 17, 2007 8:41am Aug 17, 2007 8:41am
LONG CABLE LONG...SINCE 9776......and keeping a trailing s/l....
  • #25,443
  • Aug 17, 2007 8:44am Aug 17, 2007 8:44am
Quoting patience07
Hi - can anyone explain why cable shot up 250+pips - especially sine we've had no real data today? what happened at 1230gmt?
check this

http://www.marketwatch.com/
Johann Channels and cycles are everything
  • #25,444
  • Aug 17, 2007 8:46am Aug 17, 2007 8:46am
CNBC

(Aug 17) - After FED cuT, Cramer receives nomination to FOMC!
To laugh, to learn, and to teach!
  • #25,445
  • Aug 17, 2007 8:51am Aug 17, 2007 8:51am
will we go to 2 after the next data news release ?
  • #25,446
  • Aug 17, 2007 8:51am Aug 17, 2007 8:51am
Quoting Tragapips
check this

http://www.marketwatch.com/
thanks - need all the help i can get!
  • #25,447
  • Aug 17, 2007 8:53am Aug 17, 2007 8:53am
LOL

Asian market is probably going "Dooooohhhhh"
  • #25,448
  • Aug 17, 2007 8:53am Aug 17, 2007 8:53am
Hm.

Looking over some things....

Party over?

I'd ask for opinions, but...
Trust price. Know yourself.
  • #25,449
  • Aug 17, 2007 8:56am Aug 17, 2007 8:56am
NEW YORK (CNNMoney.com) -- The Federal Reserve, reacting to concerns about the subprime lending crisis and the volatility in the financial markets that have resulted from it, announced Friday that it is cutting its so-called discount rate temporarily by a half percentage point, to 5.75 percent.
The discount rate is the rate the Federal Reserve banks across the country charge qualified lenders - mainly banks - for temporary loans. It is largely symbolic.

The central bank did not change its more closely watched federal funds rate, which affects rates that consumers pay on various types of loans. That rate remains at 5.25 percent.
BAM BAM BOOM! -bravado
  • #25,450
  • Aug 17, 2007 8:57am Aug 17, 2007 8:57am
K, nevermind. Leaving this sinking ship, closing out carry longs for only 60-80 pips. Not the game I like to play for long, anti-directional retrace scalping.
Trust price. Know yourself.
  • #25,451
  • Aug 17, 2007 8:58am Aug 17, 2007 8:58am
Quoting bravado
ohhhhh lighten up pino2. i'm just playing with you.

Prices went back to 1.9870 , luckily I'm on demo
  • #25,452
  • Aug 17, 2007 9:00am Aug 17, 2007 9:00am
Quoting bravado
The central bank did not change its more closely watched federal funds rate, which affects rates that consumers pay on various types of loans. That rate remains at 5.25 percent.

Well no sh...they're not going to change fed policy because of a bit of shaking ;p


Inflation > recession.

Funny. Before I left the house to get bread EJ was at 154.80 and I was thinking "Hm. Usually this would go back to 153 before getting another push. But nahhh, that seems too low".......we'll see it in a second now..
Trust price. Know yourself.
  • #25,453
  • Aug 17, 2007 9:02am Aug 17, 2007 9:02am
nice that you didn't went long Bravado, can't you see the drop in prices now
  • #25,454
  • Aug 17, 2007 9:06am Aug 17, 2007 9:06am
Quoting SeekingLight
K, nevermind. Leaving this sinking ship, closing out carry longs for only 60-80 pips. Not the game I like to play for long, anti-directional retrace scalping.
are you panicking?
BAM BAM BOOM! -bravado
  • #25,455
  • Aug 17, 2007 9:06am Aug 17, 2007 9:06am
Quoting pino2
nice that you didn't went long Bravado, can't you see the drop in prices now
market is panicking right now.
BAM BAM BOOM! -bravado
  • #25,456
  • Aug 17, 2007 9:08am Aug 17, 2007 9:08am
Quoting Warper
I just don't know how can be possible to be in any broker if not FXCM.

I've never seen FXCM widening spreads on mega volatibility periods.

When ppl talk about 20 pip spreads on Oanda, i just go and then i , i confess...

Lightning execution and lots of capital... so, no danger to get robbed.

They even have "one click" execution if we want. And they never disconnect.

The only thing we might talk about, is them widening the spread about 1 pip, during low volatibility moments like between the end of US session and the opening of the Asian session. I don't really care... i'm not a scalper.

GBP/JPY spread is about 7 pips during London/New York sessions. It rises to 11 pips in that low activity period.

But Eur/Jpy is always 3-4 pips.
I agree Warper, I've been with live with FXCM since 2003 and generally they've been very good. Back when I started live you could even trade during the NFP release and get filled first time, not anymore though...

Going back a few months I was getting disconnected about 5 mins before any big announcement (lucky I'm not a news trader), I made a complaint and it has since been sorted, happy days!
  • #25,457
  • Aug 17, 2007 9:09am Aug 17, 2007 9:09am
so they cut the rate,what if the market continues down and the carries unwind ,what are gonna do then?
  • #25,458
  • Aug 17, 2007 9:12am Aug 17, 2007 9:12am
Quoting 59fender
so they cut the rate,what if the market continues down and the carries unwind ,what are gonna do then?
it's not the federal fund rate they cut.
BAM BAM BOOM! -bravado
  • #25,459
  • Aug 17, 2007 9:15am Aug 17, 2007 9:15am
Cesar,,
If You please..
what is your DJIA spot feed. and is it live?
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #25,460
  • Aug 17, 2007 9:20am Aug 17, 2007 9:20am
...I need to stop posting here, it's ruining my personality
Trust price. Know yourself.
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