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Cable Update (GBPUSD)

  • #2,681
  • Dec 20, 2006 3:07am Dec 20, 2006 3:07am
Quoting yulvme
Is it just me or anyone else having trouble understanding this?
What I mean is I dont set target to take profit my long cable if the market goes favorable to my position BUT if the market adverse I will cut loss @ 1.9669 and initiate a short pos targeting 1.9600.
  • #2,682
  • Dec 20, 2006 3:08am Dec 20, 2006 3:08am
Quoting fxkenny
I understand what he is doing, just don't know for sure why.
Possible he wants to test the water and see if it hits his stop then he reverse, but why would you want to do that? OK maybe his logic is the answer to all our trading tech. Throw in 50 pips and see what happens.. get stopped and go the other way.. Hmm interesting trading tactic.
  • #2,683
  • Dec 20, 2006 3:08am Dec 20, 2006 3:08am
He is longing at 1.9720 and SL 1.9669, then short from there.
Quoting yulvme
Is it just me or anyone else having trouble understanding this?
  • #2,684
  • Dec 20, 2006 3:08am Dec 20, 2006 3:08am
I know what he is doing. Why he is doing? Only he knows his system.
Show me the PIPS!
  • #2,685
  • Dec 20, 2006 3:13am Dec 20, 2006 3:13am
I think he is leaving room for the UK news.
Quoting tathlynq
I know what he is doing. Why he is doing? Only he knows his system.
  • #2,686
  • Dec 20, 2006 3:18am Dec 20, 2006 3:18am
Is this how most traders trade?
Get a position in if it gets stopped out reverse and go the other way? and during whipsaws call it the day? or Riding on luck and hope the entry was a correct one? If that's the case and you're making profit then perhaps i should do the same.. No wonder i'm losing money!!
  • #2,687
  • Dec 20, 2006 3:25am Dec 20, 2006 3:25am
hi, now we will be have BOE Meeting Minutes.

any waiting down moment ?
  • #2,688
  • Dec 20, 2006 3:27am Dec 20, 2006 3:27am
Hello everybody... I'm still having a bad, bad hangover after yesterday's crazy session...

Hope reason and sanity to be restablished today... upward Channel formed, looks like cable has all that it takes to climb now... Very nice breakout from the downward channel ocurring last week...

César
  • #2,689
  • Dec 20, 2006 3:28am Dec 20, 2006 3:28am
Haven't figured that one still working on the wedge
Quoting yulvme
Is it just me or anyone else having trouble understanding this?
  • #2,690
  • Dec 20, 2006 3:34am Dec 20, 2006 3:34am
is it just me or there really is no news coming out yet?, looks like big boys in holiday, the house is playing with us.
Right teaching produces right believing leads to right living. - J.P
  • #2,691
  • Dec 20, 2006 3:36am Dec 20, 2006 3:36am
So it's 9-0 favoring the no interest rate add on, what now? go long all the way up to 1.98?
  • #2,692
  • Dec 20, 2006 3:38am Dec 20, 2006 3:38am
Something strange just happened.

MT4 chart just showed a drop of 10 pips, my brokers plateform did not, I made a Short and just caught 10 pips, like a future indicator showed me to short before the price kicked in, anyone else had the same happen?
  • #2,693
  • Dec 20, 2006 3:39am Dec 20, 2006 3:39am
Quoting fxpinoy
So it's 9-0 favoring the no interest rate add on, what now? go long all the way up to 1.98?
that's the forecast, actual not out right?
Right teaching produces right believing leads to right living. - J.P
  • #2,694
  • Dec 20, 2006 3:40am Dec 20, 2006 3:40am
I wonder if we can get a broker that's really slow with their feed, that way our chart would show the price before the broker's price kicks in and catch some pips.. any comments on where to find a lagging broker?
  • #2,695
  • Dec 20, 2006 3:44am Dec 20, 2006 3:44am
Quoting yulvme
I wonder if we can get a broker that's really slow with their feed, that way our chart would show the price before the broker's price kicks in and catch some pips.. any comments on where to find a lagging broker?
Yup FXCM but after the smoke they will adjust your statement to 0 profit because their alibi is that their system freeze...
  • #2,696
  • Dec 20, 2006 3:44am Dec 20, 2006 3:44am
Quoting yulvme
I wonder if we can get a broker that's really slow with their feed, that way our chart would show the price before the broker's price kicks in and catch some pips.. any comments on where to find a lagging broker?
I did that for a while by running two price feeds. They caught on. Doesn't work anymore.
  • #2,697
  • Dec 20, 2006 3:45am Dec 20, 2006 3:45am
Quoting 4x_Trader
Yup FXCM but after the smoke they will adjust your statement to 0 profit because their alibi is that their system freeze...
I use fxcm, hmm maybe that's why the feed was slow.. so far that 10 pips is staying in my balance.. they haven't take it out yet!
  • #2,698
  • Dec 20, 2006 3:47am Dec 20, 2006 3:47am
9-0
  • #2,699
  • Dec 20, 2006 3:47am Dec 20, 2006 3:47am
Quoting yulvme
I use fxcm, hmm maybe that's why the feed was slow.. so far that 10 pips is staying in my balance.. they haven't take it out yet!
oops, forget i said that, no one saw that.. it didn't happen.. and i hope fxcm doesn't come to this site to check.. lol just kidding
  • #2,700
  • Dec 20, 2006 3:48am Dec 20, 2006 3:48am
Quoting fxpinoy
So it's 9-0 favoring the no interest rate add on, what now? go long all the way up to 1.98?
How come the cable will appreciate if the result is 9-0? You said already that no hike in the future. If the vote is 8-1 or 7-2 instead, that means a rate hike in the future meetings is more likely that would trigger the cable to go up!
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