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Cable Update (GBPUSD)

  • #61,221
  • Apr 10, 2008 6:08am Apr 10, 2008 6:08am
And there she goes///////
  • #61,222
  • Edited 6:28am Apr 10, 2008 6:09am | Edited 6:28am
I am doubtfull to wait more up. I close my long at 1.9835 from 1.9770. 65 pips enough for today plus 40 pips scalp when the cable went up and down in the uknown area.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #61,223
  • Apr 10, 2008 6:10am Apr 10, 2008 6:10am
we will see 96xx area today
  • #61,224
  • Apr 10, 2008 6:10am Apr 10, 2008 6:10am
short 9815 tp 9725
  • #61,225
  • Apr 10, 2008 6:11am Apr 10, 2008 6:11am
Quoting Toleot
And the cable is going south now?
look at your charts and what dio THEY tell you?
Don't chase the market, Let the market come to you
  • #61,226
  • Apr 10, 2008 6:12am Apr 10, 2008 6:12am
what was the BOE statement?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,227
  • Apr 10, 2008 6:13am Apr 10, 2008 6:13am
Quoting manize
I am doubtfull to wait more up. I close my long at 1.9935. 65 pips enough for today plus 40 pips scalp when the cable went up and down in the uknown area.
1.9935 ??
  • #61,228
  • Apr 10, 2008 6:13am Apr 10, 2008 6:13am
Business groups welcomed the decision and called for further cuts to shore up growth.


"It is vitally important to ensure that problems in the financial sector and in the housing market do not damage wealth-creating businesses," said David Kern, economic adviser to the British Chambers of Commerce.


"Undue delay in acting threatens to reduce the effectiveness of interest rate cuts that the MPC itself has anticipated already."

http://news.bbc.co.uk/1/hi/business/7340142.stm
  • #61,229
  • Apr 10, 2008 6:14am Apr 10, 2008 6:14am
It did point the way this time. Smacked the 89 SMA and M3 pivot on the 5 min chart. Now we wait. should push on thru.

Jim


Quoting hard1head1
Yes, but 80 % of the time the news will move early in the direction of the news. This is especially true with the CAD
  • #61,230
  • Apr 10, 2008 6:14am Apr 10, 2008 6:14am
im not sure that trendline is strong and theres a bounce of it
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  • #61,231
  • Apr 10, 2008 6:14am Apr 10, 2008 6:14am
Edit: Sorry double post.
  • #61,232
  • Edited 6:31am Apr 10, 2008 6:15am | Edited 6:31am
Quoting nAVIN2007
just 4 weeks ...actually i havent blown the account i have blown..18.3% blown in 3 weeks actually ..which is madness..so i best go back to demo and find a solution for entries ..
Hi Navin, three weeeks, by my previous standart is rather a long time to be amused or entertained for £500 only. I have been able to blow it and substantially more in less then a day when I started trading long time ago. It helped me to treat this as learning fees, who tells you that education is free?
Education is expensive, but one can cut cost substantially by being a prudent student of some threads, even on this forum, like Jmes16 and investing in some good books, and in time commited to studying them, not just a speed read them. If you find trading demo too boring and you find it too easy to pull the trigger, not being commited to it like to a live account, you can use the minimum lot size and there are some platforms that would allow it e.g. alpari UK, I thinkt the minimum lot is 0.01, which is $0.1 per pip around 5pence per pip, so it is managable. Without further improvement and studies, one might have a lot of fun, adrenalin and excitement, which will be overshaddowed by the account statement. It is a true saying that everybody gets from the market not only what they deserve but what they want, some get profits, others get bags of excitement. To trade without further improvements, one makes a choice to grab a lot of excitement from the willingly providing market, a mini Las vegas in your front room, with no air and hotel fees. I do not mean to do you any harm, Just share with you some of my past experiences, which pushed me even further into being commited to be as proffesional and disciplined trader as I can be. By no means I am all knowing and perfect trader, I will never be, but I am contiunig studying my reaction to the market, market itself and the price action.
You are in good company of people who are commited to make these improvements, and do not be too hard on yourself about incurred losses, that is history. Do all you can not to have substantial losses in the future,remebering that it is impossible to trade without getting stopped with a small loss.
Best wishes, and happy studies.
2be
Make sure losses are small and profits are bigger!
  • #61,233
  • Apr 10, 2008 6:16am Apr 10, 2008 6:16am
usually when interest rate is being cut what will happpen? Long right? CMIIW
  • #61,234
  • Apr 10, 2008 6:16am Apr 10, 2008 6:16am
Basically that the MPC now recognises that the threat to growth is more worrying than inflation. The choice between inflation or stagflation, at last they are seeing some reality.

Quoting salah k.
what was the BOE statement?
  • #61,235
  • Apr 10, 2008 6:20am Apr 10, 2008 6:20am
Quoting jimo
1.9935 ??
Sorry I mean 1.9835.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #61,236
  • Apr 10, 2008 6:20am Apr 10, 2008 6:20am
1.9770 and 1.9733 and after that there isnt to much as long as we get good momentum.
  • #61,237
  • Apr 10, 2008 6:20am Apr 10, 2008 6:20am
Quoting strada
Basically that the MPC now recognises that the threat to growth is more worrying than inflation. The choice between inflation or stagflation, at last they are seeing some reality.
thats good for cable bears
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,238
  • Apr 10, 2008 6:21am Apr 10, 2008 6:21am
Quoting 2be
Hi Navin, three weeeks, by my previous standart is rather a long time to be amused or entertained for £500 only. I have been able to blow it and substantially more in less then a day when I started trading long time ago. It helped me to treat this as learning fees, who tells you that education is free?
Education is expensive, but one can cut cost substantially by being a prudent student of some threads, even on this forum, like Jmes16 and investing in some good books, and in time commited to studying them, not just a speed read them. If you find trading demo too boring and you find it too easy to pull the trigger, not being commited to it like to a live account, you can use the minimum lot size and there are some platforms that would allow it e.g. alpari UK, I thinkt the minimum lot is 0.01, which is $0.1 per pip around 5pence per pip, so it is managable. Without further improvement and studies, one might have a lot of fun, adrenalin and excitement, which will be overshaddowed by the account statement. It is a true saying that everybody gets from the market not only what they deserve but what they want, some get profits, others get bags of excitement. To trade without further improvements, one makes a choice to grab a lot of excitement from the willingly providing market, a mini Las vegas in your front room, with no air and hotel fees. I do not mean to do you any harm, Just share with you some of my past experiences, which pushed me even further into being commited to be a proffesional and disciplined trader as I can be. By no means I am all knowing and perfect trader, I will never be, but I am contiunig studying my reation to the market, market itself and the price action.
You are in good company of people who are commited to this improvements, and do not be too hard on yourself about incurred losses, that is history. Do all you can not to have substantial losses in the future,remebering that it is impossible to trade without getting stopped with a small loss.
Best wishes, and happy studies.
2be
actually i will do that i will find a company i can place small lot sizesthis will be better than demo...at least i get that emotionall rush still demo is borring and actually once u go live its really almost a watse of time as there no feeling behind it at all...thx for yur support and sharing of experience
  • #61,239
  • Apr 10, 2008 6:21am Apr 10, 2008 6:21am
Quoting salah k.
what was the BOE statement?
See post #61226
and ... http://www.tradethenews.com/story_details.asp?id=376173
- Inflation Rate To Rise In Coming Months
- Surveys Show Econ Growth To Slow Further
- Credit Conditions For Consumers, Businesses Tightening
- Spare Capacity Should Help Keep CPI In Check
  • #61,240
  • Apr 10, 2008 6:22am Apr 10, 2008 6:22am
Quoting mavewei
You must use Interbank in-order to match master Abuawad Strategy. There got big diff between two off them.
Thanks for info. May you give me the link ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
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