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Cable Update (GBPUSD)

  • #29,661
  • Sep 9, 2007 4:22pm Sep 9, 2007 4:22pm
Quoting pino2
The drop of GBP/JPY is trying to pull down cable as well, I hope that cable don't listen to what GBP/JPY wants, cable you are grown enough and you must be independent
PIno2
Need Help. How about GBP/USD. Because i was short 2.0245.
  • #29,662
  • Sep 9, 2007 4:23pm Sep 9, 2007 4:23pm
Quoting pino2
FXCM is still closed!!
Not here
To laugh, to learn, and to teach!
  • #29,663
  • Sep 9, 2007 4:27pm Sep 9, 2007 4:27pm
you mean it's open there?
How come, I guess you are on demo
But I'm talking about FXCM live account
  • #29,664
  • Sep 9, 2007 4:30pm Sep 9, 2007 4:30pm
Quoting MPP
you can read, but you can't post. see you here.

Was just checking out the rules to being a 1k member. So does someone want to vouch for me? I mean come on I was making pips on vacation, Not out of stupidity either I had stop loss locked into profit before I left and came back two weeks later to see my trades in even more profit. Now thats confidence.
Just Trade It
  • #29,665
  • Sep 9, 2007 4:30pm Sep 9, 2007 4:30pm
Quoting pino2
you mean it's open there?
How come, I guess you are on demo
But I'm talking about FXCM live account
It's live and open but don't know which server
NY I think (mini account)
To laugh, to learn, and to teach!
  • #29,666
  • Sep 9, 2007 4:33pm Sep 9, 2007 4:33pm
Unbelievable, I'll start to get mad, how come here it is still closed
  • #29,667
  • Sep 9, 2007 4:34pm Sep 9, 2007 4:34pm
Finally it's open now
  • #29,668
  • Sep 9, 2007 4:35pm Sep 9, 2007 4:35pm
Quoting pino2
Unbelievable, I'll start to get mad, how come here it is still closed
It don't seem to be actin' right
Prices showing in 5 decimal places
w/ten pip spread on the GBP
To laugh, to learn, and to teach!
  • #29,669
  • Sep 9, 2007 4:40pm Sep 9, 2007 4:40pm
The unwanted actions of GBP/JPY makes me uncomfortable
  • #29,670
  • Sep 9, 2007 4:48pm Sep 9, 2007 4:48pm
Quoting myles
It don't seem to be actin' right
Prices showing in 5 decimal places
w/ten pip spread on the GBP
yes 5 digits is new in live account, it was applied on demo since 2 weeks
8 pips spreads in GBP during this time is normal in FXCM, but now it is 6, will go down to normal by asian market open
  • #29,671
  • Sep 9, 2007 4:57pm Sep 9, 2007 4:57pm
anyone long GJ???
  • #29,672
  • Sep 9, 2007 5:07pm Sep 9, 2007 5:07pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Was just checking out the rules to being a 1k member. So does someone want to vouch for me? I mean come on I was making pips on vacation, Not out of stupidity either I had stop loss locked into profit before I left and came back two weeks later to see my trades in even more profit. Now thats confidence.

Don't leave us alone here in the dark, please please please. LOL
  • #29,673
  • Sep 9, 2007 5:10pm Sep 9, 2007 5:10pm
I don't like the presence of GBP/JPY today, I wish it disappear, to open the way for cable to go up, and I wish as well that cable can bear this pressure made by GBP/JPY and don't fall as well
  • #29,674
  • Sep 9, 2007 5:23pm Sep 9, 2007 5:23pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting pino2
I don't like the presence of GBP/JPY today, I wish it disappear, to open the way for cable to go up, and I wish as well that cable can bear this pressure made by GBP/JPY and don't fall as well

i'm with you on that, GJ is due a good size retracement though and Cable is proped by some good fibs, may see a low around 2.0230 if it drops in the next Hour.

lets hope GJ turns soon and cable goes long.
  • #29,675
  • Sep 9, 2007 5:33pm Sep 9, 2007 5:33pm
im eyeing 2.02 for tomorrow from where it may bounce up again. But due to oandas spread im not risking to take any positions at the moment.
  • #29,676
  • Sep 9, 2007 5:44pm Sep 9, 2007 5:44pm
Quoting pino2
I don't like the presence of GBP/JPY today, I wish it disappear, to open the way for cable to go up, and I wish as well that cable can bear this pressure made by GBP/JPY and don't fall as well
We will have to chew some more of the carry trades since Asia still have to trade the lousy NFP outcome. Good thing, however, is that cable is no longer getting hammered by the carries unwinding.

Let's see if the Fed cut sentiment hit the market this week or not. Stocks were dumped severely, but as soon as people reassess the market and (if) the cut sentiment kicks in, we might have some nice bullrun in cable and euro.

That's what I'm looking for, that's what I'm going to trade and if the week kicks in in crazy fashion again, I'm going to stay out for the week. I'm tired of that stressful seesaws, false breakouts, gossips and confusing headlines...
  • #29,677
  • Sep 9, 2007 5:54pm Sep 9, 2007 5:54pm
I'm keeping my longs open as I dont see any technical reason why they should reverse plus I have gained enough pips to absorb any small retracements. Hey ceaser how are you doing? Can you please breif me on the fundys as I have been away from the computer and the t.v the last two weeks, I heard from some guy at a bar in Croatia that the dow was whipsawing but other than that I have no Idea. Thanks
Just Trade It
  • #29,678
  • Sep 9, 2007 6:14pm Sep 9, 2007 6:14pm
Quoting Big Wave Rider
I'm keeping my longs open as I dont see any technical reason why they should reverse plus I have gained enough pips to absorb any small retracements. Hey ceaser how are you doing? Can you please breif me on the fundys as I have been away from the computer and the t.v the last two weeks, I heard from some guy at a bar in Croatia that the dow was whipsawing but other than that I have no Idea. Thanks
Messy fundis, messy headlines, huge seesaws, very confusing piece of business these days. Week was crowned with a NEGATIVE NFP, so you can figure out how messy things are lately...

On my side, I know what scenario I want to trade (my previous post) and plan to avoid other than that.
  • #29,679
  • Sep 9, 2007 6:16pm Sep 9, 2007 6:16pm
I'm seeing lots of little wedges on the hourly in differnt pairs but since these were formed on a friday afternoon it has little meaning and I definitaly wouldn't trade the breakout until London sesion has confirmed direction.
Just Trade It
  • #29,680
  • Sep 9, 2007 6:20pm Sep 9, 2007 6:20pm
Quoting cesarnc
Messy fundis, messy headlines, huge seesaws, very confusing piece of business these days. Week was crowned with a NEGATIVE NFP, so you can figure out how messy things are lately...

On my side, I know what scenario I want to trade (my previous post) and plan to avoid other than that.

Thanks, I picked a good time for vacation then. Now that I am back the markets should stabelize and continue in the direction of

UP CABLE UP
Just Trade It
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