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Daily Cable Analysis

  • #5,301
  • Feb 2, 2007 3:36am Feb 2, 2007 3:36am
Quoting Leugimp
Why must you do this to me. I'm working bro - please do not get me thinking of caipirinhas and Brazilian women...That messes with my emotions much more than a win or loss ever could.
Now I have to go make a caipirinha, you planted the f'n seed....thanks alot
Man who scratches ass should not bite fingernails
  • #5,302
  • Feb 2, 2007 3:38am Feb 2, 2007 3:38am
Quoting Leugimp
Now I have to go make a caipirinha, you planted the f'n seed....thanks alot
Sorry buddy...

Hey, trade the NFP on booze may be a hell of an experience!!!!!!
  • #5,303
  • Feb 2, 2007 3:44am Feb 2, 2007 3:44am
Quoting cesarnc
GFT has 100:1 to 400:1
Aren't there any brokers out there allowing more leverage?
Guys, on a serious note, leverage is the number one killer in this game, so till you have mastered it, use it sparingly. If your broker offers 100:1, that does not mean you have to use it all. The longer you are able to stay in this game, the more chances you have of winning at it. And the only way to do so is by using conservative leverage till you have developed your own strategy that you have faith in.

Have fun!
  • #5,304
  • Feb 2, 2007 3:44am Feb 2, 2007 3:44am
Guys I think market will be bull still US market opens...............Wat U all feel


Shivaji...

Fear not says Vedas bcos its biggest enemy of mankind
"Trade for sake of trading & not for winning or Lossing"
  • #5,305
  • Feb 2, 2007 3:49am Feb 2, 2007 3:49am
Quoting HonaForex
Guys I think market will be bull still US market opens...............Wat U all feel


Shivaji...

Fear not says Vedas bcos its biggest enemy of mankind

US is likely to make a good move prior to the news to get into position. That's what I'd like to see...

And also, the direction of this movement use to be in line with the direction of the news... USE TO BE. Don't jump in just because I said that....
  • #5,306
  • Feb 2, 2007 3:56am Feb 2, 2007 3:56am
The [POUND]'s direction is likely to be driven by external factors given the bare UK slate today. Despite this, we remain overall bullish and would be tentative dip buyers of Cable ahead of the NFPs. A number of investment banks have been calling for a Feb or March BOE move. Strong UK data through the week (CBI, PMI), UK wage deals at 6-yr highs of 3.5% in Q4 from a revised firmer 3.05% according to the IDS and relatively hawkish comment from Gieve and Besley are more than just short-term positives, we believe. Blair's political funding scandal, meanwhile, is largely a moot point also. We would be better dip buyers into the 1.9620/30 and 1.9600 regions.
  • #5,307
  • Feb 2, 2007 3:57am Feb 2, 2007 3:57am
Quoting ashoksagar
Aren't there any brokers out there allowing more leverage?
Guys, on a serious note, leverage is the number one killer in this game, so till you have mastered it, use it sparingly. If your broker offers 100:1, that does not mean you have to use it all. The longer you are able to stay in this game, the more chances you have of winning at it. And the only way to do so is by using conservative leverage till you have developed your own strategy that you have faith in.

Have fun!
I use 1:500 with NorthFinance
  • #5,308
  • Feb 2, 2007 3:59am Feb 2, 2007 3:59am
Guys...we got 3 good news for europe next week

thuesday: the euro...interest rate statemet
wednesday: the pound --II--
thursday: pound trade balance...

any insight??

or please vote again:
3.75
5.5
-
its just money
  • #5,309
  • Feb 2, 2007 4:01am Feb 2, 2007 4:01am
Quoting henrycarol
I use 1:500 with NorthFinance
o really,...whats the lowest input...when do u get the margin call?
its just money
  • #5,310
  • Feb 2, 2007 4:04am Feb 2, 2007 4:04am
Guys i think market will go according to my chart,wat u feel......pls comment on this
Attached Image
"Trade for sake of trading & not for winning or Lossing"
  • #5,311
  • Feb 2, 2007 4:04am Feb 2, 2007 4:04am
Quoting de123
o really,...whats the lowest input...when do u get the margin call?
When the losses is more than the amount in my account
  • #5,312
  • Feb 2, 2007 4:11am Feb 2, 2007 4:11am
Quoting de123
...mine only 100:1 ?

only

Seriously though, ever wonder why brokers give you access to all of this crazy leverage and dont like you to scalp.... leverage without scalping size sl - that is just suicide.

This is not a home we are buying where if it goes negative equity, you can wait it out and pay the monthly pmt. This isn't really a true extension of credit, imean who gives you 100:1 or 400:1 without a creit check, assets, etc. This is just bs paper credit that buys you a bs asset.

The funny thing is that I have seen people make 200% in 2 months on 5:1 leverage(high leverage), only to give it all back in one trade on 100:1 leverage(a 1% move against you will wipe you out). How many of you have done it? Now think about it - if you drop down in gearing and manage your risk consistently, I feel this is the easiest market in the world to make a 20% return in with very small drawdown. Can you invest 10K and turn it into 13K or even more with little small drawdown over the course of one year? If you can - dont screw that up with excessive leverage - You are only some time, savings, or sales pitch away from being loaded if you arent already.
Man who scratches ass should not bite fingernails
  • #5,313
  • Edited 11:42am Feb 2, 2007 4:20am | Edited 11:42am
its going north,...see the nonsense analises...lol...
its just money
  • #5,314
  • Feb 2, 2007 4:23am Feb 2, 2007 4:23am
Quoting Leugimp
If you cheer wins then it will be more difficult to not allow losses bother you - it's human nature to want to cheer - just act like you you have been there many times before and will be there many times again regardless the outcome...

As far as letting a winner turn into a loser, be careful not to overanalyze this - if you stuck to your plan, this is ok - you did the right thing. From there you can modify plan and execute efficiently if need be. If however, your plan states to stay in and you get out in order to not let a winner turn into a loser, then you have royally f'd up even though your account will be bigger - trading against your plan will cost you big time long term as it only allows the "Trader" to go on a whim and do what he is feeling at the time. Let the analyst do the analysis, let the strategist work the strategy within the analysis - let the Trader execute as planned.
Wise words Leugimp :- I've closed positions prematurely so many times just to see my original predictions come true - but fighting the impulse now and winning better as a result. I've printed off your quote and stuck it on my desk so that I readit every time before i hit the close button!!
  • #5,315
  • Edited 5:04am Feb 2, 2007 4:25am | Edited 5:04am
hello traders,

and i think that cable is going down. the max high is in my opinion 770 level and tp for the ride down 515 level (up trend line) then 360 and finally 200 where i think the end of ride can happen

as usual - time will show, unless somebody knows Gann's work (i don't)

ps.is there anybody who trades according to Gann's theory (at any point of view)? i'm interested in his/her opinion. i would be very happy to talk with somebody as well fascinated with Gann's work as i am.
  • #5,316
  • Feb 2, 2007 4:35am Feb 2, 2007 4:35am
market ( especially EURUSD) is completely directionless, so i guess the break out will be large when the news come out, since it is friday im more USD bullish without any particular reason, only because it is friday
  • #5,317
  • Feb 2, 2007 4:35am Feb 2, 2007 4:35am
if u know its going either up or down...& not sideways...the job is done,...2 sls & tps will do the job...thats easy...but do u know?...i dont think so,...

and if 19580 is not broken we got 4 major facts besides numerous fundamentals...

1. 500 was tested 2 times
2. trendline wasnt broken 480
3. double bottom is just finishing the right shoulder
4. the resistance was broken on 4h chart on wednesday

there u go,...convince me to trade the oposite way.
its just money
  • #5,318
  • Feb 2, 2007 4:44am Feb 2, 2007 4:44am
Cable is going North to retest the recent highs
Period : 26 Months Account Balance : +264% Max DD : 14.2%
  • #5,319
  • Feb 2, 2007 4:46am Feb 2, 2007 4:46am
Quoting de123
if u know its going either up or down...& not sideways...the job is done,...2 sls & tps will do the job...thats easy...but do u know?...i dont think so,...

and if 19580 is not broken we got 4 major facts besides numerous fundamentals...

1. 500 was tested 2 times
2. trendline wasnt broken 480
3. double bottom is just finishing the right shoulder
4. the resistance was broken on 4h chart on wednesday

there u go,...convince me to trade the oposite way.
I dont think the point of this thread is convincing each other how to trade.


I already went short on cable at 75 and long at 65 not sure about stops yet but ill set them closer to the news, for now ill let this straddle alone
  • #5,320
  • Feb 2, 2007 4:48am Feb 2, 2007 4:48am
Up trend is still in place. I'm dying for a HUUUUUUGE down move on NFP to have that big fat 100%+ retracement afterwards
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