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Cable Update (GBPUSD)

  • #44,101
  • Dec 11, 2007 11:28am Dec 11, 2007 11:28am
Quoting FXdaily
2.0250
i see... did you calculate the loss will occur out of 10 lots with about 130 pips loss per lot? Do you trade mini or standard lot?

In trading you must be ready to take losses as well... and this should not be more than 5% of your account size, so if you are ready to lose $1300 your account size should be about $30,000 if you trade mini lots.. otherwise it is not a good money management and you may blow your account soon.

I have blew up 3 accounts in the past and I know that greedy will kill the trader.
  • #44,102
  • Dec 11, 2007 11:33am Dec 11, 2007 11:33am
Quoting forexguru
i see... did you calculate the loss will occur out of 10 lots with about 130 pips loss per lot? Do you trade mini or standard lot?

In trading you must be ready to take losses as well... and this should not be more than 5% of your account size, so if you are ready to lose $1300 your account size should be about $30,000 if you trade mini lots.. otherwise it is not a good money management and you may blow your account soon.

I have blew up 3 accounts in the past and I know that greedy will kill the trader.
Yes , but i know where price going i can use TP ~2.1 too it is ~800 pipses but its gets just more time
  • #44,103
  • Dec 11, 2007 11:36am Dec 11, 2007 11:36am
Quoting FXdaily
Yes , but i know where price going i can use TP ~2.1 too it is ~800 pipses but its gets just more time
good luck

I am out myself... before news time is not the time to trade for me, wait when things get clear
  • #44,104
  • Dec 11, 2007 11:39am Dec 11, 2007 11:39am
Quoting forexguru
good luck

I am out myself... before news time is not the time to trade for me, wait when things get clear
NEWs time Cable shoots up ~40....more pipses
  • #44,105
  • Dec 11, 2007 11:42am Dec 11, 2007 11:42am
Quoting FXdaily
NEWs time Cable shoots up ~40....more pipses
hope you are right. have my long @ 388
  • #44,106
  • Dec 11, 2007 11:45am Dec 11, 2007 11:45am
Looks like Confidence to me .... also hope you are right. IMO

Quoting FXdaily
NEWs time Cable shoots up ~40....more pipses
  • #44,107
  • Dec 11, 2007 11:47am Dec 11, 2007 11:47am
Im 4 lot out +3 points here is ratrace time i open again ~2.038
  • #44,108
  • Dec 11, 2007 11:51am Dec 11, 2007 11:51am
short 0406....cable is goin to fall below 0340 today!
  • #44,109
  • Dec 11, 2007 11:55am Dec 11, 2007 11:55am
Quoting 30pips
short 0406....cable is goin to fall below 0340 today!

how do you know, did you talk with bernanke?
  • #44,110
  • Dec 11, 2007 12:09pm Dec 11, 2007 12:09pm
Quoting acidguy
how do you know, did you talk with bernanke?
...my charts!
  • #44,111
  • Dec 11, 2007 12:09pm Dec 11, 2007 12:09pm
Quoting acidguy
how do you know, did you talk with bernanke?
no - the voices told him
  • #44,112
  • Dec 11, 2007 12:12pm Dec 11, 2007 12:12pm
Quoting allserene
no - the voices told him
...i hope ur not buying!
  • #44,113
  • Dec 11, 2007 12:13pm Dec 11, 2007 12:13pm
sorry my friend. i am still net long i cant see how an usa rate cut can weaken pound.

but if bernanke dont cut rates after all. my nerves can go up.
  • #44,114
  • Dec 11, 2007 12:14pm Dec 11, 2007 12:14pm
Quoting allserene
no - the voices told him
If voices then he must be crazy.
  • #44,115
  • Dec 11, 2007 12:18pm Dec 11, 2007 12:18pm
Well, I am kind of disappointed because even though I closed my long position with a profit of 100 pips, it is nothing compared to the fact that I did not sleep too much (I live in Miami) during London's session to check on the status of my open trade, AND at one point I was +ve 175 pips.

I really did not expect such a big drop like the one we had a few hours ago. I was convinced it was going to keep those levels until the FED's decision.


Oh well, like my girlfirend said, be greatful of the 100 pips you made and stop crying over something that can't be changed....

I love how she always puts everything into prespective

But boy, I am soo sleepy here at work Can't wait to go home....
"Lunch ? Lunch Is For Wimps !"
  • #44,116
  • Dec 11, 2007 12:19pm Dec 11, 2007 12:19pm
Quoting FXdaily
If voices then he must be crazy.
...call me crazy but cable is goin to fall hard today!
  • #44,117
  • Dec 11, 2007 12:20pm Dec 11, 2007 12:20pm
SUMMARY:
* Report: US Interests Rate Statement
* Sell on GBP/USD if they keep it unchanged
* Buy on GBP/USD if they cut the rates to 4.00%
* NO TRADE if they cut to 4.25%
* If the trigger is hit, expect 70 to 100 pips or more.
  • #44,118
  • Dec 11, 2007 12:21pm Dec 11, 2007 12:21pm
Quoting acidguy
sorry my friend. i am still net long i cant see how an usa rate cut can weaken pound.

but if bernanke dont cut rates after all. my nerves can go up.
...good for you!
  • #44,119
  • Dec 11, 2007 12:23pm Dec 11, 2007 12:23pm
Quoting MrFuture
Well, I am kind of disappointed because even though I closed my long position with a profit of 100 pips, it is nothing compared to the fact that I did not sleep too much (I live in Miami) during London's session to check on the status of my open trade, AND at one point I was +ve 175 pips.

I really did not expect such a big drop like the one we had a few hours ago. I was convinced it was going to keep those levels until the FED's decision.


Oh well, like my girlfirend said, be greatful of the 100 pips you made and stop crying over something that can't be changed....

I love how she always puts everything into prespective

But boy, I am soo sleepy here at work Can't wait to go home....
well be prepared for hot action today. i am still thinking to open my weapons over gbp/jpy, to counter attack if ben does not cut rates and pound start to fall like crazy.
so there still be plenty of opporunities, today rate cut is very very important, time more than last ones cause we are starting holidays and other reason is probably bull and bears are holding to launch a big attacks.

we are seeing ranges starting from oil prices, stocks and currencies.
  • #44,120
  • Dec 11, 2007 12:29pm Dec 11, 2007 12:29pm
SUMMARY:
* Report: US Interests Rate Statement
* Sell on GBP/USD if they keep it unchanged
* Buy on GBP/USD if they cut the rates to 4.00%
* NO TRADE if they cut to 4.25%
* If the trigger is hit, expect 70 to 100 pips or more.
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