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Cable Update (GBPUSD)

  • #85,901
  • Sep 4, 2008 12:38pm Sep 4, 2008 12:38pm
Quoting eohater
I don't use fibs to determine my trades, sorry! But it is approx 61% of the retrace. I'm currently studying them and plan to be able to incorporate them into my arsenal someday.
SO then if i may ask, how did you determine that rate?
Keep It Simple Stupid
  • #85,902
  • Sep 4, 2008 12:45pm Sep 4, 2008 12:45pm
Quoting deny_org
hello guys, this is my first post here..

been followed this threads 4 a while, for me as newbie found quite interesting argument how people trade with each others style..

anyway, this week Cable seems short-way huh ? how's everyone who play d opposite ?

trade well guys..



I have done fine trading it to the longside this week. The critics will come out and pound me for this, but I dont really care. I know what I have done, and said at beggening of week i would be doing it.
  • #85,903
  • Sep 4, 2008 12:48pm Sep 4, 2008 12:48pm
Quoting eohater
It rocks!
Patience + Discipline - Greed = Success
  • #85,904
  • Sep 4, 2008 12:52pm Sep 4, 2008 12:52pm
Quoting steelhead
I have done fine trading it to the longside this week. The critics will come out and pound me for this, but I dont really care. I know what I have done, and said at beggening of week i would be doing it.


well u didnt go long or did u?

any thought on the nonfarm tomorrow ....what will happen with USD..the forecast suggest up no?
  • #85,905
  • Sep 4, 2008 12:55pm Sep 4, 2008 12:55pm
Quoting fx local
its silly (mod) because who takes over the presidency has a direct effect on the dollar, for instance, if Obama takes charge then economy will prob strengthen and dollar will get even stronger (revelant to the thread and this site!), if McCain gets in then its the same old stuff as Bush ie big current account, big debts and ultimate weakness in dollar......

therefore who u support is highly revelant to impact on US and global economy and US dollar ie Cable, so your signature is APPROPRIATE!!
damn good points bro!!!
  • #85,906
  • Sep 4, 2008 12:57pm Sep 4, 2008 12:57pm
My last set of fibs drawn off the last recent high and recent low have got this bouncing on the 0.0 level at 1.7704
  • #85,907
  • Sep 4, 2008 12:58pm Sep 4, 2008 12:58pm
Quoting Chris_35
Have not been on this thread for some days now as I've been reading and reading and reading forex. So many threads and so much info and also so much to be gained by listening to you guys. with regards to nAVIN 2007 I understand what you are saying eohater Though I do wish him well as he has so much to contribute. Good luck nAV
thanks bro....kind words man
  • #85,908
  • Sep 4, 2008 12:58pm Sep 4, 2008 12:58pm
Quoting Alastair
SO then if i may ask, how did you determine that rate?
My monkey tells me! I might not get an entry! We'll see how it develops.
Just digging in the trenches like everyone else!
  • #85,909
  • Sep 4, 2008 12:59pm Sep 4, 2008 12:59pm
Quoting Chris_35
My last set of fibs drawn off the last recent high and recent low have got this bouncing on the 0.0 level at 1.7704
Alastair and myself were looking at the daily high and low.
Just digging in the trenches like everyone else!
  • #85,910
  • Sep 4, 2008 1:03pm Sep 4, 2008 1:03pm
Hello nAVIN, nice to read you on the thread again. Have been away from the thread a few days myself so lost track a little. I hope all bodes well for you.
  • #85,911
  • Sep 4, 2008 1:09pm Sep 4, 2008 1:09pm
Climb baby climb. I want some of my pips back before I trade you in
  • #85,912
  • Sep 4, 2008 1:13pm Sep 4, 2008 1:13pm
Quoting nAVIN2007
well u didnt go long or did u?

any thought on the nonfarm tomorrow ....what will happen with USD..the forecast suggest up no?


havent gone long today Navin. My focus has been on the e/j and nzd/usd
  • #85,913
  • Sep 4, 2008 1:19pm Sep 4, 2008 1:19pm
I have done fine trading it to the longside this week. The critics will come out and pound me for this, but I dont really care. I know what I have done, and said at beggening of week i would be doing it. Sep 05, 2008 12:38am (33 min ago)

no problem steelhead, it's your own money anyway..

yesterday I took long also @7730 tp 7800 ts 21pips, got out with my ts @7756, got green huh ?

but then took d short way @7725 hit my tp @7635

trade well steelhead
-= opto ergo sum =-
  • #85,914
  • Sep 4, 2008 1:20pm Sep 4, 2008 1:20pm
yippee this is just too easy !

just short it every time it goes up substantially !

what is a doji anyway - is it a japanese hooker ?

dont need it
  • #85,915
  • Sep 4, 2008 1:21pm Sep 4, 2008 1:21pm
Didn't get my entry! There's always another one around the corner though.
Just digging in the trenches like everyone else!
  • #85,916
  • Sep 4, 2008 1:36pm Sep 4, 2008 1:36pm
The DJIA is getting it's teeth kicked in today and oil is down.
Just digging in the trenches like everyone else!
  • #85,917
  • Sep 4, 2008 1:51pm Sep 4, 2008 1:51pm
Can anyone tell me the name of the ID who was saying about join Trading School, I have some questions about the training- like how much money involve in all three levels of training and I understand that this is like a professional training where you need to take the exams and get the certification up on the completion of your training. I totally forgot about that person's ID who discussed about his School experience.

Thanks,

Alqaz Syed.
  • #85,918
  • Sep 4, 2008 1:57pm Sep 4, 2008 1:57pm
Quoting allserene
yippee this is just too easy !

just short it every time it goes up substantially !

what is a doji anyway - is it a japanese hooker ?

dont need it
Mr. AllSerence don't be too excited, I can give you my example, whenever I was so excited I never get the best Short entry of G/U. I think it is still not easy to get the best Short entry, for example 1 hour ago G/U was at 1.7730 and someone said including my thought that best entry would be around 1.7760 or so and in 30 minutes it just dropped to 1.7715 then dropped 35 pips in a flash..............

I think the best strategy to handle cable short is and you also mentioned and in my opinion is when it is 80-120 pips high from its lows then do not think just GET IN. Because for this example, I thought for a minute and I missed that.

Any way I tested the random entry for Short after completed 2 short entry overnight in live account, In my demo I entered Short with 1.7715 and in 2 minutes I closed my Short entry with $31 pips in just a flash.......
  • #85,919
  • Sep 4, 2008 2:04pm Sep 4, 2008 2:04pm
Quoting asyed4
Can anyone tell me the name of the ID who was saying about join Trading School, I have some questions about the training- like how much money involve in all three levels of training and I understand that this is like a professional training where you need to take the exams and get the certification up on the completion of your training. I totally forgot about that person's ID who discussed about his School experience.

Thanks,

Alqaz Syed.
If it's the same one I read, I believe it was Master Pips.
Le singe est dans l'arbre
  • #85,920
  • Sep 4, 2008 2:10pm Sep 4, 2008 2:10pm
Quoting steelhead
havent gone long today Navin. My focus has been on the e/j and nzd/usd
Dear steelhead, thanks - nzd/usd makes sense!

MNI - 9/4/2008 2:36:42 PM - EURO-DOLLAR

EURO-DOLLAR: Technical analysts at CIBC World Markets say "If the market can register a daily close below long-term trend support at $1.4465 (close Weds at $1.4498) which looks increasingly likely then it becomes official - the 3-year major bull trend for euro-dollar is FINISHED CAPUT GONZO aka stick a fork in it!" Euro-dollar posted a new 2008 low of $1.4325 earlier and holds at $1.4345 currently.
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