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Cable Update (GBPUSD)

  • #4,181
  • Jan 1, 2007 9:47pm Jan 1, 2007 9:47pm
Okay, cable apparently reached a bid of 9648, meaning we already completed Phase I. I say apparently because my live platforms aren't showing that price.

Next should be Phase II short but I'm not comfortable because my live charts aren't changing. Since I'm not comfortable, I'm not, repeat not, trading.

Trade at your own risk.
  • #4,182
  • Jan 1, 2007 9:53pm Jan 1, 2007 9:53pm
I have no charting available, but the most current bid price I have is 1.9657. And no, I am not trading either at present. I feel as though I am blind with someone reading to me.
  • #4,183
  • Jan 1, 2007 9:54pm Jan 1, 2007 9:54pm
Quoting MoneyMa$ter
I say apparently because my live platforms aren't showing that price. .
Same dude. I went to my Oanda FXGame account. I think for the first time since I opened it 6 months or more ago.

It's working no probs.

Quick to setup too.
Bundy's status today: "Waiting..."
  • #4,184
  • Jan 1, 2007 10:13pm Jan 1, 2007 10:13pm
correct me if i am wrong, but if a couple of hundred billion, maybe a few trillion of the countries that hold dollars and change them into euros, will that not cause a huge inflationary spike in the euro, not withstanding the ecb to hike rates a full point or so as well as have them print more euros than there is paper??? all their goods will skyrocket, noone will buy cuz they can't afford it and then those countries will drop the euros as quickly as they bought them, ruining the euro economy??? or is my macro economics theory out of date??? or did i party too much last night??
  • #4,185
  • Jan 1, 2007 10:14pm Jan 1, 2007 10:14pm
hey money,

with our markets closed tomorrow and the japanese markets closed as well, will that make the market really volitile during the european session??
  • #4,186
  • Jan 1, 2007 10:41pm Jan 1, 2007 10:41pm
Quoting mtrmth
hey money,

with our markets closed tomorrow and the japanese markets closed as well, will that make the market really volitile during the european session??
Reduced volume during the overlapping hours is the effect. Consequently, thinly traded markets can potentially produce volatile and/or unpredictable market movements.
  • #4,187
  • Jan 1, 2007 10:44pm Jan 1, 2007 10:44pm
that means grab your vomit bag, for the roller coaster ride for those that get motion sickness, right??
  • #4,188
  • Jan 1, 2007 10:47pm Jan 1, 2007 10:47pm
Quoting mtrmth
that means grab your vomit bag, right???
How eloquently put.
  • #4,189
  • Jan 1, 2007 10:52pm Jan 1, 2007 10:52pm
best i could do. the tony blair eloquent speech class was full this semester!!
  • #4,190
  • Jan 1, 2007 10:57pm Jan 1, 2007 10:57pm
[quote=mtrmth]best i could do. the tony blair eloquent speech class was full this semester!![/QUOTE

What it lacked in eloquence it made up for in descriptiveness and its ability to make the reader experience the flavour of the day. Really quite to the point.
  • #4,191
  • Jan 1, 2007 11:01pm Jan 1, 2007 11:01pm
Quoting bundyraider
Same dude. I went to my Oanda FXGame account. I think for the first time since I opened it 6 months or more ago.

It's working no probs.

Quick to setup too.
Thanks for the reminder. I have an Oanda FXTrade account!! Sure looks different, but it is operating. I can see we definitely complete Phase I but I'm still not trading just yet. See what happens with London.
  • #4,192
  • Jan 1, 2007 11:09pm Jan 1, 2007 11:09pm
Quoting MoneyMa$ter
Thanks for the reminder. I have an Oanda FXTrade account!! Sure looks different, but it is operating. I can see we definitely complete Phase I but I'm still not trading just yet. See what happens with London.
I'm glad my browser remembered the password anyway. I'd have struggled otherwise!
Don't think I'll trade till next week/ Unless I see an obvious setup.

I'm watching what happens with this gap. Never traded them before! May demo trade it if I'm around.
Bundy's status today: "Waiting..."
  • #4,193
  • Jan 1, 2007 11:26pm Jan 1, 2007 11:26pm
This significantly higher open can be a delayed profit taking move for tax purposes. If so, it would certainly be a dollar bullish signal in the medium term. How that plays out is the question, will we double top, take a straight shot down, or just consolidate for some time coming. All that I do know is 1st week of junuary is historically big range week and last week was an inside bar week.
Man who scratches ass should not bite fingernails
  • #4,194
  • Jan 1, 2007 11:28pm Jan 1, 2007 11:28pm
Anyone know what's going on with InterbankFX and metatrader? I just logged on and it shows the gap up on the cable to abouts 1.9632 but it doesn't appear to be trading right now, what's up?
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #4,195
  • Jan 1, 2007 11:34pm Jan 1, 2007 11:34pm
I think something is wrong with there feed I am having the same problem



Quoting Qwiktrader
Anyone know what's going on with InterbankFX and metatrader? I just logged on and it shows the gap up on the cable to abouts 1.9632 but it doesn't appear to be trading right now, what's up?
  • #4,196
  • Jan 1, 2007 11:40pm Jan 1, 2007 11:40pm
Quoting Qwiktrader
Anyone know what's going on with InterbankFX and metatrader? I just logged on and it shows the gap up on the cable to abouts 1.9632 but it doesn't appear to be trading right now, what's up?
Yeah Q,
It's been that way for hours. I made my Phase I long call to 9650, with Phase II short to 9550, but eventually determined prices weren't changing. So I canceled my calls since it's tough to follow price action.

Oanda's working fine, cable bid at 1.96528 as I write this post.
  • #4,197
  • Jan 1, 2007 11:51pm Jan 1, 2007 11:51pm
How am I supposed to make a killing the first trading day of the year if I can't see where the price is going? LOL ! Maybe I pull something that sometimes happens in Texas Holdem poker, anyone heard of blind raise or ALL IN blind? LOL, NOT!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #4,198
  • Jan 1, 2007 11:54pm Jan 1, 2007 11:54pm
Boise takes it to town over Oklahoma!
  • #4,199
  • Jan 1, 2007 11:56pm Jan 1, 2007 11:56pm
As far as I am aware from checking the websites, my brokers both become live in about 1 hour, 0200 EST. I am not expecting my charting to go live until then. For now I have to depend on prices from tenfore who update prices weekends and holidays.
  • #4,200
  • Jan 1, 2007 11:58pm Jan 1, 2007 11:58pm
Quoting monarch
Boise takes it to town over Oklahoma!
One heckuva game!!!!! Boise State deserves a shot at Ohio....dude just proposed to is girlfriend on national TV!!!!

BTW Currenex is running, 9657 bid, 3 pip spread.
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