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Cable Update (GBPUSD)

  • #3,961
  • Dec 29, 2006 5:08am Dec 29, 2006 5:08am
Quoting toppz
anybody has an idea how much mortgage equity withdrawal will affect GBP?
the efect was very minimal, i guess no more trades for this year i'll just pick my 20 and call it a day
  • #3,962
  • Dec 29, 2006 5:08am Dec 29, 2006 5:08am
Quoting marketwavez
Short-term look at the Pound
Thanks marketwavez,

We have many possibilities to justify 20-50 pips down or 20-50 pips up. That means: Market's only ranging, not trending...
  • #3,963
  • Dec 29, 2006 5:10am Dec 29, 2006 5:10am
Quoting toppz
the efect was very minimal, i guess no more trades for this year i'll just pick my 20 and call it a day
Keeping 20 is wise. But curiosity about USA players keeps me in
  • #3,964
  • Edited 6:29am Dec 29, 2006 5:35am | Edited 6:29am
Can you make a living from trading Forex Markets ?

//////////////////////////////////////////////////////////////////////////////////////
Quoting GFSignals
Of course you can make a living from FX. There are lots of proficient traders who make profit just from FX. They trade using their own strategies. And there are much more traders who trade using the first ones signals. Many of them make a living just from FX. Though it certainly depends on how much you need for living. LOL.
Yes , There ARE PEOPLE DOING IT !

Here is someone who is ,,,,,,,,, Go Read Here {Link Removed, see rule #2}---------------------------------------------------------------------------
SEE FOR YOURSELF
  • #3,965
  • Dec 29, 2006 6:07am Dec 29, 2006 6:07am
yesterday i find that interesting stuff...http://www.livecharts.co.uk/DayTradingMind.pdf

and i have gone long on cable at the same price i have gone short,...i have been stoped out, the other was manually closeed,...profit vs loss = 0 usd , so its posible to hedge it...
its just money
  • #3,966
  • Dec 29, 2006 6:08am Dec 29, 2006 6:08am
Then why are we trading forex? to play? or to earn good money, and if you're good enough in trading, then that's when you are doing it for a living.
  • #3,967
  • Dec 29, 2006 6:08am Dec 29, 2006 6:08am
it better break 9670 this time and stays there!!
Trade what you see, not what you think.
  • #3,968
  • Dec 29, 2006 6:12am Dec 29, 2006 6:12am
I think at 1.9650 we should see a downward trend going thru U.S. market.
  • #3,969
  • Dec 29, 2006 6:20am Dec 29, 2006 6:20am
I believe that GPB/USD will end the day at 1.9550 and will open Monday at 1.9630.


That is, if history repeats itself.
  • #3,970
  • Dec 29, 2006 6:29am Dec 29, 2006 6:29am
crazy $h1t, isn't it?
  • #3,971
  • Dec 29, 2006 6:32am Dec 29, 2006 6:32am
No history will repeat because no Dollar news for today compared last Friday.



Quoting Sleuth
I believe that GPB/USD will end the day at 1.9550 and will open Monday at 1.9630.


That is, if history repeats itself.
  • #3,972
  • Dec 29, 2006 7:06am Dec 29, 2006 7:06am
Hello Trader World,

Just caught up on my overnight reading. Hope some of you got pips from either the Phase I baby "long" to 9650. Then more pips overnight in Phase II shorting with a typical cable SL, as we move from 9650 to 9550. I placed my short in front of the move and got 20 pips while asleep only to awake and find cable awaiting my attention, ranging, before proceeding further short.

So what do we have now..... no news of any import. Price hovering around 38 fib at 1.9627, beginning a possible short pin with the candle that just opened on the 1 hour chart.

What will move cable beyond 9600 on the last trading day of the year??
Let me observe for a moment or two and get back to you.
  • #3,973
  • Dec 29, 2006 7:11am Dec 29, 2006 7:11am
whats up with the pound dollar today can anyone tell me why the pound is falling
  • #3,974
  • Dec 29, 2006 7:13am Dec 29, 2006 7:13am
Todays range has only been about 65 pips and normally this beast moves around 115 so she may just push down farther as the US markets take over!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #3,975
  • Dec 29, 2006 7:15am Dec 29, 2006 7:15am
Quoting Qwiktrader
Todays range has only been about 65 pips and normally this beast moves around 115 so she may just push down farther as the US markets take over!
why does everyone say lower? why wont it go higher in everyones oppinions
/?
Ghost Swoopen in for my pips while no one is lookin !!
  • #3,976
  • Dec 29, 2006 7:16am Dec 29, 2006 7:16am
Quoting MoneyMa$ter
beginning a possible short pin with the candle that just opened on the 1 hour chart.

A chart for the pin and possible targets, short from 1.9634 here, stop at 1.9640 now. Expecting ranging and failure however, as today is not feeling like very coordinated trading...
Attached Image
Trust price. Know yourself.
  • #3,977
  • Dec 29, 2006 7:21am Dec 29, 2006 7:21am
Morning QuikTrader,

How's the baby?? You did set the appropriate SL and cashed in on the short cable overnight right? Did you stay with swissy?

SeekingLIGHT,

Thanks for the chart. You're correct on the ranging thing so scalpers should be happy short-term (minutes, hours?) But I still think we could see a sell-off for today. Need to observe a little while longer. I've placed short orders on the other side of 9600.

That's a good looking pin...
  • #3,978
  • Dec 29, 2006 7:27am Dec 29, 2006 7:27am
Closing this candle below 9610 will be encouraging for the short....otherwise buying dips and selling tops....
  • #3,979
  • Dec 29, 2006 7:28am Dec 29, 2006 7:28am
Thanks MM, she actually just woke me up not too long ago so she must know the US was about to open, LOL! As far as the short went earlier we did very well and locked in some nice profits as I was short from 9662 and TP at 9605 with 3 contracts, and now I'm back for more before the holiday. Currently I'm short from 9630 and just watching for now.
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #3,980
  • Dec 29, 2006 7:30am Dec 29, 2006 7:30am
Quoting MoneyMa$ter
Morning QuikTrader,

How's the baby?? You did set the appropriate SL and cashed in on the short cable overnight right? Did you stay with swissy?

SeekingLIGHT,

Thanks for the chart. You're correct on the ranging thing so scalpers should be happy short-term (minutes, hours?) But I still think we could see a sell-off for today. Need to observe a little while longer. I've placed short orders on the other side of 9600.

That's a good looking pin...
yes if it breaks 9600 we should see a huge sell off from people taking profit for the year no?

Money do u think it will test 9700 before the huge sell off comes? that would keep with the small uptrend we have atm?
Ghost Swoopen in for my pips while no one is lookin !!
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