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Cable Update (GBPUSD)

  • #40,141
  • Nov 20, 2007 1:50am Nov 20, 2007 1:50am
Quoting kreeper_6
30min or 4hr TF?
i prefer to tuse Interbank platform, give me more accurate.
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,142
  • Nov 20, 2007 1:54am Nov 20, 2007 1:54am
yes, I have interbankFX. i think the MT4 platform is the best.
  • #40,143
  • Nov 20, 2007 2:04am Nov 20, 2007 2:04am
I just realize on my chart...
Trade carefully... if price break the resistance then OK.. if not go short.

Think wise.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 99 KB
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,144
  • Nov 20, 2007 2:06am Nov 20, 2007 2:06am
If this is a reversal pattern I prefer price to approach 209 with care
gl



Quoting deboooo2005
Immediate resistance seen at 2.0561 & reversal Prediction @ 2.0594
  • #40,145
  • Nov 20, 2007 2:08am Nov 20, 2007 2:08am
Morning all, whassup?

Euro putting new all-time high at THIS TIME? GJ 300 pips up in the last 4h?

Thanksgiving curse kicking in?

Just woke up to put my lil soldiers in the fields. Back to bed...
  • #40,146
  • Nov 20, 2007 2:40am Nov 20, 2007 2:40am
I closed my long with 984 pips today.
I'm out now...
If any oppurtunity later on or tomorrow... i'll jump in.

Good luck everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: pipastic.jpg Size: 33 KB
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,147
  • Nov 20, 2007 2:48am Nov 20, 2007 2:48am
Quoting Qu|cksilver
I closed my long with 984 pips today.
I'm out now...
If any oppurtunity later on or tomorrow... i'll jump in.

Good luck everyone.
later bro...
  • #40,148
  • Nov 20, 2007 2:48am Nov 20, 2007 2:48am
Quoting Qu|cksilver
I closed my long with 984 pips today.
I'm out now...
If any oppurtunity later on or tomorrow... i'll jump in.

Good luck everyone.
that's massive! a great trader i suppose
  • #40,149
  • Nov 20, 2007 2:51am Nov 20, 2007 2:51am
Quoting kreeper_6
later bro...
WOW... quick drop!!
yes later on... wait for the next 4hr candle..
long or short.. see later.
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,150
  • Nov 20, 2007 3:03am Nov 20, 2007 3:03am
Quote
FX INSIGHT: RECENT CENTRAL BANK TALK MAY PROVIDE INSIGHT TO POSSIBLE INTERVENTION - DEALERS
- The recent use of the word 'brutal' by ECB members could hints that the next phase of intervention could move beyond the 'verbal phase'
- Thin market conditions with the pending holidays may provide the necessary scenario for central banks to maximize its impact on the speculators and to cement a trading range
- One fund manager noting that the price pattern in EUR/USD is similar to the USD/JPY price action during the latter 1990s. The central banks coordinated in USD/JPY above the 147.00 level in June 1998. The Euro is currently at 1.4760
- Note: Central banks tend to be creative to maximize its impact. The recent European central bank speak has been aggressive towards China and its overvalued Yuan. Thus intervention via EUR/JPY could be the vehicle to demonstate a unified central bank voice.<TLT TIP SPY EUR/USD USD/JPY USD/CAD GBP/USD USD/CHF AUD/USD NZD/USD AUD/JPY NZD/JPY EUR/JPY CAD/JPY>

I believe TTN erred. It should be "undervalued"...

So we are heading for a long US weekend. I am not sure what the above text implied. CB to interfere to bring what up/down?
to bring EURUSD down? / up?
to bring EURJPY down? / up?
to bring GBPUSD down? / up?

From what I understand, they want to bring EURUSD, GBPUSD down to support USD's excessive nosedive...
  • #40,151
  • Nov 20, 2007 3:09am Nov 20, 2007 3:09am
Quoting BurgerKing
I believe TTN erred. It should be "undervalued"...

So we are heading for a long US weekend. I am not sure what the above text implied. CB to interfere to bring what up/down?
to bring EURUSD down? / up?
to bring EURJPY down? / up?
to bring GBPUSD down? / up?

From what I understand, they want to bring EURUSD, GBPUSD down to support USD's excessive nosedive...
That's what my chart attached above telling me. Now, im not sure where is the direction from now on. For the last hour cable reach the resistance and quickly drop.

Yes, you might be right they want to bring gbp/usd down....
From my point of view, i need to see how this market behave until US market open.
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,152
  • Nov 20, 2007 3:26am Nov 20, 2007 3:26am
"European shares rose on Tuesday in a broad rally, as speculation that the U.S. Federal Reserve could cut rates again helped the market bounce back from last session's three-month low."
CNBC.

Special attention to the Minutes today. Important will be understanding what was Fed's focus to cut rate.

This Minutes will also bring Fed's general outlook on the economy. It's Fed's new policy of transparency.

Expect bumpy ride later on.
  • #40,153
  • Nov 20, 2007 3:29am Nov 20, 2007 3:29am
Hi all,
I think those are the movments of the big dogs they want us to believ that is the trand is down so we short then bang they eat our s/l
  • #40,154
  • Nov 20, 2007 3:37am Nov 20, 2007 3:37am
Quoting tsidki
Hi all,
I think those are the movments of the big dogs they want us to believ that is the trand is down so we short then bang they eat our s/l
LOL.
They want to trick us..
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,155
  • Nov 20, 2007 3:43am Nov 20, 2007 3:43am
Quoting Qu|cksilver
I closed my long with 984 pips today.
I'm out now...
If any oppurtunity later on or tomorrow... i'll jump in.

Good luck everyone.
Hi quicksilver, i have a question. I noticed that you placed 6 separate orders at the same price with the same t/p. Why did you do this instead of placing one order?

I am new to trading so i maybe missing something obvious here, so apologies if i am asking something that there is an obvisous answer to.
  • #40,156
  • Nov 20, 2007 3:45am Nov 20, 2007 3:45am
yes they want too whach the movements )
  • #40,157
  • Nov 20, 2007 3:50am Nov 20, 2007 3:50am
Quoting sooperthug
Hi quicksilver, i have a question. I noticed that you placed 6 separate orders at the same price with the same t/p. Why did you do this instead of placing one order?

I am new to trading so i maybe missing something obvious here, so apologies if i am asking something that there is an obvisous answer to.
i PM u..
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,158
  • Nov 20, 2007 4:19am Nov 20, 2007 4:19am
Quoting sooperthug
Hi quicksilver, i have a question. I noticed that you placed 6 separate orders at the same price with the same t/p. Why did you do this instead of placing one order?

I am new to trading so i maybe missing something obvious here, so apologies if i am asking something that there is an obvisous answer to.

Also, most people calculate their risk, say 2% or 5% or whatever, and work out their position. So if 2% = $2000, and your stop loss is 100 pips, then you place 2 lots @ $20 per pip for your 2%.

If you make 164pips you make 164 pips.

If however you are trading 2 lots x 6, = 12%, this is getting risky.

One could say, instead of placing 1 trade of 2 lots, you could place 20 trades of 1 mini each, giving you 20x164=3280pips; but the result is still equal to 2 lots.
  • #40,159
  • Nov 20, 2007 4:52am Nov 20, 2007 4:52am
Quoting dimmi
Also, most people calculate their risk, say 2% or 5% or whatever, and work out their position. So if 2% = $2000, and your stop loss is 100 pips, then you place 2 lots @ $20 per pip for your 2%.

If you make 164pips you make 164 pips.

If however you are trading 2 lots x 6, = 12%, this is getting risky.

One could say, instead of placing 1 trade of 2 lots, you could place 20 trades of 1 mini each, giving you 20x164=3280pips; but the result is still equal to 2 lots.
What about this? i don't think this will equal to 2 lots
I always use my brain when it comes to money management.
Attached Image (click to enlarge)
Click to Enlarge Name: ppp.jpg Size: 31 KB
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,160
  • Nov 20, 2007 5:04am Nov 20, 2007 5:04am
close my long

Time to........ sh GU sh.........
I Deeply Love My Virtual Life In Virtual World , RLC
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