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Cable Update (GBPUSD)

  • #34,021
  • Oct 4, 2007 4:50am Oct 4, 2007 4:50am
Quoting de123
not that it has any effect on cable,..still good news is coming from asia today,...ofcourse not from burma...
http://www.bloomberg.com/apps/news?p...aR0&refer=home


It's a sad day when we have an interest rate release on a major currency and we are so bored that we are reading stories about the end of the korean cold war.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #34,022
  • Oct 4, 2007 4:54am Oct 4, 2007 4:54am
Quoting ClockTrader
I can feel ya man, english is a foreign language for me too

I have to think 10 times before writing every word, and yet I might actually sound different from what I wana opine, it can be real crazy, I know !!!
LOL.. That's true..
"Invest With The Insiders, Not The Masses" George Muzea
  • #34,023
  • Oct 4, 2007 5:16am Oct 4, 2007 5:16am
Quoting cesarnc
LOL... Then it is likely it will close at 0345... Happens all the time LOL....
Actually now hovering at 2.0341, after BOTH interest releases.
Hows that for irony.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #34,024
  • Oct 4, 2007 5:25am Oct 4, 2007 5:25am
hmm..cable close below 340.. im short with tight SL
"Invest With The Insiders, Not The Masses" George Muzea
  • #34,025
  • Oct 4, 2007 5:29am Oct 4, 2007 5:29am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
This could be the most boring interest rate day in history..

Yawnnn...

"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #34,026
  • Oct 4, 2007 5:30am Oct 4, 2007 5:30am
Quoting Plutonite
Actually now hovering at 2.0341, after BOTH interest releases.
Hows that for irony.
Disgusting, isn't it?

Actually all dollar pairs are at levels where you can't even think about jumping into positions....

pre- NFP's effect, for sure. But cable sub-100 at the rate statement, is awful....

I'm going out now. Wife discovered that in a city nearby there is one street packed up with leather clothing stores... Can you imagine that? Don't wait for me awake :
  • #34,027
  • Oct 4, 2007 5:47am Oct 4, 2007 5:47am
The chaos in milliseconds reduced my account like even my wife unable to do that, wiped me out twice with large sums (my fault, shouldn't bet 5% positions)... Now the reason is not my inability or miscalculation of the stuff but the fact that the greedy oanda extended the spread to 20 or 30 pips... and I had SL/reversal range of 50 pips... Well that was definitely a killer and it is my mistake as I should have known that. It happened 2000 times.
Like with women.

I have two choices:
1. Change broker. Unfortunately in short term this is not a solution
2. Change strategy (Plunge into the domain of being a system whore.)
This is not gonna happen too because I know that in normal circumstances I have a sound model.
3. Change timeframe and larger stuff. This is the way to go. So from now on I make my decisions every week on a weekly chart and time the entry on the daily. Have fin

Oh PL -35%

so here it comes WTF WTF MF MF.

Have a nice day

I thought I am gonna share my thoughts here....
.
  • #34,028
  • Oct 4, 2007 5:49am Oct 4, 2007 5:49am
Quoting cesarnc
Disgusting, isn't it?

Actually all dollar pairs are at levels where you can't even think about jumping into positions....

pre- NFP's effect, for sure. But cable sub-100 at the rate statement, is awful....

I'm going out now. Wife discovered that in a city nearby there is one street packed up with leather clothing stores... Can you imagine that? Don't wait for me awake :
You know, every time we get disgusted at the market, it moves. Euro taking a dive. I think EURGBP is being traded a little, cable is sure to follow though.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #34,029
  • Oct 4, 2007 5:52am Oct 4, 2007 5:52am
Quoting bullrock
The chaos in milliseconds reduced my account like even my wife unable to do that, wiped me out twice with large sums (my fault, shouldn't bet 5% positions)... Now the reason is not my inability or miscalculation of the stuff but the fact that the greedy oanda extended the spread to 20 or 30 pips... and I had SL/reversal range of 50 pips... Well that was definitely a killer and it is my mistake as I should have known that. It happened 2000 times.
Like with women.

I have two choices:
1. Change broker. Unfortunately in short term this is not a solution
2. Change strategy (Plunge into the domain of being a system whore.)
This is not gonna happen too because I know that in normal circumstances I have a sound model.
3. Change timeframe and larger stuff. This is the way to go. So from now on I make my decisions every week on a weekly chart and time the entry on the daily. Have fin

Oh PL -35%

so here it comes WTF WTF MF MF.

Have a nice day

I thought I am gonna share my thoughts here....
Sorry for your loss. My advice is never to close trades during the news, even if you open them near the news. Spreads will eat you alive.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #34,030
  • Oct 4, 2007 5:54am Oct 4, 2007 5:54am
EUR and EUR/GBP are taking plunges the reason why GBP i sholding
.
  • #34,031
  • Oct 4, 2007 5:55am Oct 4, 2007 5:55am
Quoting Plutonite
Sorry for your loss. My advice is never to close trades during the news, even if you open them near the news. Spreads will eat you alive.
Thanks Plutonite. It just I was a moron today. I thought I am unbeatble and received a slap from the market... Check my signature. I forgot to check it myself.
I know this advice, happened to me 2000 times. A typical screwup.
.
  • #34,032
  • Oct 4, 2007 5:59am Oct 4, 2007 5:59am
I switch to weekly/daily charts and use 100-200 pip sls Lesson learned.
.
  • #34,033
  • Oct 4, 2007 6:01am Oct 4, 2007 6:01am
Morning guys !!!
For he that would be deceived, let him.
  • #34,034
  • Oct 4, 2007 6:04am Oct 4, 2007 6:04am
Quoting pinchapip
Morning guys !!!
Check your avatar.. I can see a red x...
.
  • #34,035
  • Oct 4, 2007 6:13am Oct 4, 2007 6:13am
GU has taken u turn trading above 2.0350. looks good to scalp upside
These too shall pass away.
  • #34,036
  • Oct 4, 2007 6:14am Oct 4, 2007 6:14am
When I was grown to be a man (grown to be a man),
and the devil would call my name (grown to be a man),
I’d say “now who do (who), who do you think you’re fooling?” (grown to be a man),
I’m a consummated man (grown to be a man), I can snatch a little purity,
my mama loves me, she loves me.
She gets down on her knees and hugs me, oh, she loves me like a rock.
She rocks me like the rock of ages and loves me, she loves me, loves me, loves me, loves me.
.
  • #34,037
  • Oct 4, 2007 6:20am Oct 4, 2007 6:20am
Quoting fspirani
GU has taken u turn trading above 2.0350. looks good to scalp upside
Made nice 20 pips profit taking buy scalp 1pip=100$
These too shall pass away.
  • #34,038
  • Oct 4, 2007 6:20am Oct 4, 2007 6:20am
Quoting bullrock
Check your avatar.. I can see a red x...
Patience !!!!!!
For he that would be deceived, let him.
  • #34,039
  • Oct 4, 2007 6:25am Oct 4, 2007 6:25am
Quoting Qu|cksilver
25min to go... if cable close below 2.0340, 70% cable will go short. If above 2.0350, cable will go long.
Thanks Qulcksilver. I owe you party. As you know I am your friend from Canada.
These too shall pass away.
  • #34,040
  • Oct 4, 2007 6:26am Oct 4, 2007 6:26am
Quoting erdogac
Most probably it will test 2.0405 which is a daily resistance and trend line of channel. If it will be broken it will test 2.05 soon.

I am long from 2.0322. See attached chart
Very close to first target..Expect it to break 2.0405.Still long.
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