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Cable Update (GBPUSD)

  • #85,541
  • Sep 2, 2008 4:37pm Sep 2, 2008 4:37pm
Quoting nAVIN2007
im hedged....im looking for a swing low and then retracement..
how are you hedging ?

do you enter an opposite trade with same pair or another currency pair

hedging just saves the spread which is only 4 pips max

hedging just freezes your position basically to save you coming out

with the interest rate differentials it will cost

I first started trading to hedge gbp cash in the bank so i could fix the exchange rate into usds as i knew i was coming to live here..I only shorted gbp

any other kind of hedging doesnt work unless you are scalping short term in a range trading market - its just to save spread-peanuts really
  • #85,542
  • Sep 2, 2008 4:58pm Sep 2, 2008 4:58pm
Gbp/Usd
........ Going , Going , ...... Gone !........!

-------------------------------------------------------------------------
http://i37.tinypic.com/26471q9.gif
http://i35.tinypic.com/33yruxc.gif
  • #85,543
  • Sep 2, 2008 5:06pm Sep 2, 2008 5:06pm
Quoting marketwavez
Gbp/Usd
........ Going , Going , ...... Gone !...... !

-------------------------------------------------------------------------
http://i37.tinypic.com/26471q9.gif
http://i35.tinypic.com/33yruxc.gif
GONE WHERE?
  • #85,544
  • Edited 5:47pm Sep 2, 2008 5:36pm | Edited 5:47pm
Quoting kropfx
GONE WHERE?
Price has Gone Down !...... Very Quickly to say the least ......

http://i38.tinypic.com/15ixx2.jpg
  • #85,545
  • Sep 2, 2008 5:46pm Sep 2, 2008 5:46pm
Quoting kropfx
GONE WHERE?
going anywhere she likes...
  • #85,546
  • Sep 2, 2008 5:48pm Sep 2, 2008 5:48pm
Quoting marketwavez
Price has Gone Down !...... Very Quickly to say the least ......

http://i38.tinypic.com/15ixx2.jpg
  • #85,547
  • Sep 2, 2008 6:23pm Sep 2, 2008 6:23pm
Hi pals,

does any one know where we are headed?

North pole or south pole? buy or sell? long or short?
  • #85,548
  • Sep 2, 2008 6:24pm Sep 2, 2008 6:24pm
short at 7836
  • #85,549
  • Sep 2, 2008 6:30pm Sep 2, 2008 6:30pm
Quoting mr.leahy
short at 7836
Thanks for sharing your opinion pal,

What's youur TP?
  • #85,550
  • Sep 2, 2008 6:52pm Sep 2, 2008 6:52pm
Am currently short @ 1.7833 TP 1.7807

After which i will be going long for a short while

Do you think or see contrary?
  • #85,551
  • Sep 2, 2008 7:04pm Sep 2, 2008 7:04pm
Quoting peulthai
Am currently short @ 1.7833 TP 1.7807

After which i will be going long for a short while

Do you think or see contrary?
Well you hit your TP normal trading rules would suggest a bounce but it's all gone NUTS and outta whack these days.


I'm staying out, until these huge, your on the wrong side your account is gone moves stop happening, ie GBP finds it's range kinda.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #85,552
  • Edited 7:13pm Sep 2, 2008 7:05pm | Edited 7:13pm
closed one short at 7798 +34 holding another short I think it will continue down and will buy under no circumstances if i see a long I will wait for the position for short to develop
  • #85,553
  • Sep 2, 2008 7:05pm Sep 2, 2008 7:05pm
Quoting peulthai
Am currently short @ 1.7833 TP 1.7807

After which i will be going long for a short while

Do you think or see contrary?
Great call, what's next?
Please ask questions and share your experiences with us all!
  • #85,554
  • Sep 2, 2008 7:21pm Sep 2, 2008 7:21pm
Quoting mr.leahy
closed one short at 7798 +34 holding another short I think it will continue down and will buy under no circumstances if i see a long I will wait for the position for short to develop

I went long at 1.7805... think i will keep it till 1.7837/42

Though i see the likeliness of a short but i wont to get all i can get out of the trade cos i lost so much yesterday
  • #85,555
  • Sep 2, 2008 7:26pm Sep 2, 2008 7:26pm
not knowing your trading system/style i cant comment on the wisdom of your position, but I can say that buying in this market is risky so be prepared to click that close button
  • #85,556
  • Sep 2, 2008 7:31pm Sep 2, 2008 7:31pm
Quoting peulthai
I went long at 1.7805... think i will keep it till 1.7837/42

Though i see the likeliness of a short but i wont to get all i can get out of the trade cos i lost so much yesterday
you lost much yesterday but there're alot of trades to come, that pair is more likely to keep breaking its support levels as the British economic is entering a recession, my opinion is that dont trade against the trend .. not this week.
I recommend you read something else as this sentence is now concluded.
  • #85,557
  • Sep 2, 2008 7:35pm Sep 2, 2008 7:35pm
Quoting Obaidah
you lost much yesterday but there're alot of trades to come, that pair is more likely to keep breaking its support levels as the British economic is entering a recession, my opinion is that dont trade against the trend .. not this week.
or any week imo...trend=friend
  • #85,558
  • Sep 2, 2008 7:37pm Sep 2, 2008 7:37pm
Quoting mr.leahy
not knowing your trading system/style i cant comment on the wisdom of your position, but I can say that buying in this market is risky so be prepared to click that close button
yeah buddy, like i said am playing rough now to make up for my loses. It is all RISKY... going short, going long or sitting at a place. I think what is best in life is making a move forward at all times with your stop losses buttons intact. Not taking a risk is risky in itself.

But with the way it is going i think i am correct eh?

Am going for a coffee. will be back
  • #85,559
  • Sep 2, 2008 7:43pm Sep 2, 2008 7:43pm
Quoting mr.leahy
or any week imo...trend=friend
yea well i dont set s/l points when trading in the direction of the trend
I recommend you read something else as this sentence is now concluded.
  • #85,560
  • Sep 2, 2008 8:28pm Sep 2, 2008 8:28pm
short anyone?
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