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Cable Update (GBPUSD)

  • #31,381
  • Sep 18, 2007 2:02pm Sep 18, 2007 2:02pm
Quoting SunTrader
Short gold, huh??
I dont see gold going to $800 yet

By the way, I did not short gold, I said I will wait for it to drop to $500 before buying.
  • #31,382
  • Sep 18, 2007 2:02pm Sep 18, 2007 2:02pm
Talk of more rate cuts in the future....this sets up nicely for tomorrow's news...

Could be raining more pips....in either direction.....I will just follow the big money.
  • #31,383
  • Sep 18, 2007 2:09pm Sep 18, 2007 2:09pm
this is the coolest fukin pair to trade dude.....this morning i said i wasnt gonna trade this day....but guess what i just couldnt handle myself and now im up 250+ .........
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #31,384
  • Sep 18, 2007 2:10pm Sep 18, 2007 2:10pm
got to have more than one broker. interbank wouldnt let me close my order i was in such a rush i opened a order with 115 lots by mistake i tried to hurry up and close it but kept getting the famous waiting to close order screen i decided to let it run went all the way up to 1.3869 then when i tried to close it on the way down still couldn't close the order. My fxsol account didn't have any issues. always is better to have at least 2 different brokers to trade with.
  • #31,385
  • Sep 18, 2007 2:13pm Sep 18, 2007 2:13pm
Euro is where the fight is at, Bears defending Bulls 18 pips path to 1.4000, cool to watch.
  • #31,386
  • Sep 18, 2007 2:14pm Sep 18, 2007 2:14pm
Quoting Luffy
I dont see gold going to $800 yet

By the way, I did not short gold, I said I will wait for it to drop to $500 before buying.
Well I don't know whether $80 or $800 is next. I just follow the trend and the trend right now is in the direction of $800.

What divergences are all over the markets. Because you think some markets that are going up which "should" be going down and vice versa? Please explain what you mean by divergences.
  • #31,387
  • Sep 18, 2007 2:15pm Sep 18, 2007 2:15pm
Quoting prentwo
got to have more than one broker. interbank wouldnt let me close my order i was in such a rush i opened a order with 115 lots by mistake i tried to hurry up and close it but kept getting the famous waiting to close order screen i decided to let it run went all the way up to 1.3869 then when i tried to close it on the way down still couldn't close the order. My fxsol account didn't have any issues. always is better to have at least 2 different brokers to trade with.
I have FXsol also, only small problem was when the news hit, it wouldn't execute the trade....but after that, my trade was process with no problem and my spread is always fixed. I love that the most.
  • #31,388
  • Sep 18, 2007 2:19pm Sep 18, 2007 2:19pm
okiez, took the crumbs, closed my longs

not bad
Hello World!
  • #31,389
  • Sep 18, 2007 2:19pm Sep 18, 2007 2:19pm
Quoting SunTrader
Well I don't know whether $80 or $800 is next. I just follow the trend and the trend right now is in the direction of $800.

What divergences are all over the markets. Because you think some markets that are going up which "should" be going down and vice versa? Please explain what you mean by divergences.
As I said, the risks is too much compared to the reward for going long on gold. Maybe it's enough for you but currently it's only $10 gain for now, if I believed that this upmove can gain $100 I would go long, but my beliefs/technicals tell me that the potential for the down move is bigger so the risk/reward is not worth it for me. I did not deny that Gold is still in upmove, but I believed that this upmove is rather limited from here, that was why I did not want to go long.
  • #31,390
  • Sep 18, 2007 2:24pm Sep 18, 2007 2:24pm
Quoting prentwo
got to have more than one broker. interbank wouldnt let me close my order i was in such a rush i opened a order with 115 lots by mistake i tried to hurry up and close it but kept getting the famous waiting to close order screen i decided to let it run went all the way up to 1.3869 then when i tried to close it on the way down still couldn't close the order. My fxsol account didn't have any issues. always is better to have at least 2 different brokers to trade with.
I learned that IBFX is one IMPORTANT factor to consider when taking a trade, of course specially during volatile times...

Most of the times it is better give away some pips on higher than usual spreads as to get the order filled. And jumping on pullbacks are the right time when the volatility dims a little, although difficult task, provides the best trades...

Gotta keep the blood at 0ºC to trade this broker during those times. But besides this fact, I have no complaints about them
  • #31,391
  • Sep 18, 2007 2:28pm Sep 18, 2007 2:28pm
my Sep losses are now down to ~6%

not sure where I'm headed, lets see

Hello World!
  • #31,392
  • Sep 18, 2007 2:28pm Sep 18, 2007 2:28pm
just shorted gold at 726.50 gambling abit on the rejection of the record high from a year ago
  • #31,393
  • Sep 18, 2007 2:29pm Sep 18, 2007 2:29pm
ceasarnc, how long have you been trading with IFBX? Overall, what would you say?
  • #31,394
  • Sep 18, 2007 2:34pm Sep 18, 2007 2:34pm
Quoting maverick
ceasarnc, how long have you been trading with IFBX? Overall, what would you say?
In spite of the large spreads during important news (this is a rule of the game, so we cannot complain about it), zero problems.

- system operational fulltime (few minutes during the day it goes out, like 7:20 to 7:25pm EST sharp)
- very nice online help
- orders get filled easily. Problems only with GJ when it's moving too fast. It's hard to get the price
- Limits and Stops are aways filled.

Their news suck, though.
  • #31,395
  • Sep 18, 2007 2:38pm Sep 18, 2007 2:38pm
Quoting cesarnc
In spite of the large spreads during important news (this is a rule of the game, so we cannot complain about it), zero problems.

- system operational fulltime (few minutes during the day it goes out, like 7:20 to 7:25pm EST sharp)
- very nice online help
- orders get filled easily. Problems only with GJ when it's moving too fast. It's hard to get the price
- Limits and Stops are aways filled.

Their news suck, though.
You don't mind the 9 pip spread on the GBP/JPY pair. By the way, how high did the spreads go on it or the GBP/USD pair during the US interest statement news?

---Thanks.
  • #31,396
  • Sep 18, 2007 2:40pm Sep 18, 2007 2:40pm
Quoting maverick
You don't mind the 9 pip spread on the GBP/JPY pair. By the way, how high did the spreads go on it or the GBP/USD pair during the US interest statement news?

---Thanks.
I was watching euro by that time. It went to 15. Guess cable's went to 20 or something.
  • #31,397
  • Sep 18, 2007 2:41pm Sep 18, 2007 2:41pm
Quoting lexazver
just shorted gold at 726.50 gambling abit on the rejection of the record high from a year ago
You mustn't be taiking about NY gold (Comex) it hit $735.30 today.
  • #31,398
  • Sep 18, 2007 2:43pm Sep 18, 2007 2:43pm
woaah go yen )) tempted to close my longs from 113.80 but i think ill let it run for longer to see what happens in the next few days
  • #31,399
  • Sep 18, 2007 2:45pm Sep 18, 2007 2:45pm
Quoting SunTrader
You mustn't be taiking about NY gold (Comex) it hit $735.30 today.

im talking about spot, the one on oanda
  • #31,400
  • Sep 18, 2007 2:46pm Sep 18, 2007 2:46pm
Anyone want to speculate as to what will happen to this US interest rate for the rest of the year? I hear a further cut, but don't know when or by how much.
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