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Cable Update (GBPUSD)

  • #60,421
  • Apr 4, 2008 6:20am Apr 4, 2008 6:20am
Looks like she doesn't have enough power to move up more than 2.0034. Let see next !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #60,422
  • Apr 4, 2008 6:32am Apr 4, 2008 6:32am
Hi all,

I am new to this forum but not new to forex trading (I've blown a couple of real accounts before hehe) I saw lots of Abu Awads on this forum, looking forward to try this method and discuss things with you.

By the way, why do you call the GBP/USD a she? Isn't the cable supposed to be masculine??

See you later
When life gives you lemons, make lemonade
  • #60,423
  • Apr 4, 2008 6:49am Apr 4, 2008 6:49am
Merrill Lynch going with -75k for NFP main #, and a rise to 4.9% un-emp rate.

I shall be logging into the very entertaining 23rd edition of the live nfp trading webinar hosted by Wayne mcDonnell of fxbootcamp, hosted over at fxstreet.com
ex member
  • #60,424
  • Apr 4, 2008 7:10am Apr 4, 2008 7:10am
Quoting bbmac
Merrill Lynch going with -75k for NFP main #, and a rise to 4.9% un-emp rate.

I shall be logging into the very entertaining 23rd edition of the live nfp trading webinar hosted by Wayne mcDonnell of fxbootcamp, hosted over at fxstreet.com

is there any way we can watch the announcement of NFP and unemployment live.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,425
  • Apr 4, 2008 7:18am Apr 4, 2008 7:18am
Quoting salah k.
is there any way we can watch the announcement of NFP and unemployment live.
http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV#
  • #60,426
  • Apr 4, 2008 7:20am Apr 4, 2008 7:20am
Meanwhile as we speak, and as we hear the news announcement... I will be watching my live account getting blown :S
When life gives you lemons, make lemonade
  • #60,427
  • Apr 4, 2008 7:23am Apr 4, 2008 7:23am
Quoting micho
Meanwhile as we speak, and as we hear the news announcement... I will be watching my live account getting blown :S
Why!! what is your position Short/Long from where and how many margin you have
  • #60,428
  • Apr 4, 2008 7:41am Apr 4, 2008 7:41am
WOOHOO!! down we go baby!!! DOwnnnnnn!!!!!!!!!!

sorry, i know thats completely unnecessary, i just couldn't help myself..
Trade the reaction, not the news!
  • #60,429
  • Apr 4, 2008 7:42am Apr 4, 2008 7:42am
what a move 113 pip the imapct of Nonfarm Employment Change & Unemployment Rate
  • #60,430
  • Apr 4, 2008 7:42am Apr 4, 2008 7:42am
damnit i got stoped out ...right direction just sp to flipping close ..
but shouldnt cable be going up with these figures released?
  • #60,431
  • Apr 4, 2008 7:46am Apr 4, 2008 7:46am
Quoting nAVIN2007
damnit i got stoped out ...right direction just sp to flipping close ..
but shouldnt cable be going up with these figures released?

up and down like crazy??

ne1 one can explain?
  • #60,432
  • Apr 4, 2008 7:47am Apr 4, 2008 7:47am
crazy price action, glad i stayed out, negative numbers make dollar stronger??!
Trading is 80% Emotional, 20% Technical
  • #60,433
  • Apr 4, 2008 7:48am Apr 4, 2008 7:48am
Quoting Abuawad
Why!! what is your position Short/Long from where and how many margin you have
Well...

My position is very f**** up, the account was managed by a friend of mine but lately I took over since there is around $200 left from $2600

I had one short at 1.9570 with 0.5 Lots ( Done by my friend...)
I had one long at 2.170 with 0.5 Lots ( Hedged the first one, also by my friend...)
I had one short at 1.9892 with 0.1 Lots ( Done by me last night...)


So I've set stop loss for the first and third orders at 2.0041 and a take profit for the second at 2.0063...

Equity was $50 at 2.0000

The bouncing during news time got it to blow... It was f**** up from the beginning anyway...
When life gives you lemons, make lemonade
  • #60,434
  • Apr 4, 2008 7:49am Apr 4, 2008 7:49am
i remeber the days when non farm was easy 100-130+ pips in 5mins!! long gone now... figures seem to opposite now thou, suppose everyone was expecting bad figures
Trading is 80% Emotional, 20% Technical
  • #60,435
  • Apr 4, 2008 7:52am Apr 4, 2008 7:52am
Quoting micho
Well...

My position is very f**** up, the account was managed by a friend of mine but lately I took over since there is around $200 left from $2600

I had one short at 1.9570 with 0.5 Lots ( Done by my friend...)
I had one long at 2.170 with 0.5 Lots ( Hedged the first one, also by my friend...)
I had one short at 1.9892 with 0.1 Lots ( Done by me last night...)


So I've set stop loss for the first and third orders at 2.0041 and a take profit for the second at 2.0063...

Equity was $50 at 2.0000

The bouncing during news time got it to blow... It was f**** up from the beginning anyway...
man sometimes i wonder why i started to trade cause right now ..i went short i took a gamble...it hit my stop loss....lost money and then went in the direction i thought it supposed to go assuming number were in favour for down instead numbers favour up yet? yet we went down....its crazy...i might as well go play roulett
  • #60,436
  • Apr 4, 2008 7:56am Apr 4, 2008 7:56am
Well,

After blowing another live account, I will rely on the Expert Advisor... I am opening an account with CROWN FOREX. Anybody has any experience with them regarding the speed of execution of automated trades at slow markets???

I really had bad luck in all the positions I took the last couple of days, the prices immediately jumped in the opposite direction once I open a trade or set a SL/TP. INCREDIBLE...
When life gives you lemons, make lemonade
  • #60,437
  • Apr 4, 2008 7:56am Apr 4, 2008 7:56am
Navin2007- i strongly suggest u read "Trading in the Zone" by Mark Douglas, and Trading Althete by Shane Murphy, most traders have been where u are at moment, i certantialy have anyway,
Trading is 80% Emotional, 20% Technical
  • #60,438
  • Apr 4, 2008 7:57am Apr 4, 2008 7:57am
Hello Abuawad,

shall we see the cable going down if 4h candle close below the 1.9938?

did you make change of your forecast for today?

best regards

FXP
  • #60,439
  • Apr 4, 2008 7:58am Apr 4, 2008 7:58am
Quoting fx local
crazy price action, glad i stayed out, negative numbers make dollar stronger??!
thats wats killing me

i thought cable would be at 2.01
WTF dollar is gaining sterngth against all the market and commodities

wat the hell does that mean
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,440
  • Apr 4, 2008 7:58am Apr 4, 2008 7:58am
Quoting fx local
crazy price action, glad i stayed out, negative numbers make dollar stronger??!
Well i'm not an expert in Economic analysis but i think this negative number will coze a rate cut... someone correct me if i'm wrong pls
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