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Cable Update (GBPUSD)

  • #94,661
  • Oct 29, 2008 11:05am Oct 29, 2008 11:05am
negativ momentum and price is going up slowly.No way this go down before news i think.Oh man this is just gonna be super day.
  • #94,662
  • Oct 29, 2008 11:08am Oct 29, 2008 11:08am
Quoting fx local
yep, but dont fancy buying here if that happens!! 100+ pip whipsaw

rate cut days nearly always produce big upmoves prior to the announcement during the days trade. therefore this move has been predictable and easy to trade, same for stocks,

50 baked into the cake for sure, 75 - how higher will it go? risk reward not great now

cut 25 is the best for us, will be easy to trade, sell.
  • #94,663
  • Oct 29, 2008 11:08am Oct 29, 2008 11:08am
Quoting eohater
Here's a war story for you. This was years back but right now reminds of the time. There was an interest rate statement due out and I was trading the AUD/USD, I was holding one position (can't remember long or short) and right when the announcement came out, she fell over 150 pips in less than 1m and then rose 250 pips the following minute (I can't remember the exact amount, but it was insane). I had my ass wiped and handed to me that day. For some reason, today reminds me of this.

Good luck to whoever is holding a position or going to enter a postion upon the announcement! I think I'll be sitting on my thumbs just looking for nice entries. Remember, you don't have to trade everyday to make money, you just have to take good trades when you do.
Thats right bro! I missed most of these moves today because I was on the road but I did'nt plan to trade until after the day closed anyway... Good luck to all and I hope everyone who traded blew up their accounts..... in a positive way that is...
Patience + Discipline - Greed = Success
  • #94,664
  • Oct 29, 2008 11:11am Oct 29, 2008 11:11am
any1 here using Alpari.co.uk
im thinking of opening a account with them, only the women i spoke to scared te hell out of me..." the said to me that if i open an account for 1K and the market conditions change and position goes against me..i could lose 1K and end up paying a debit on my account...

I said to her no f*ckin way! ....yur kidding right

scared the hell out of me, i thought u cant lose more than u have in yur account...am i wrong?
  • #94,665
  • Oct 29, 2008 11:12am Oct 29, 2008 11:12am
Quoting Infinity
Thats right bro! I missed most of these moves today because I was on the road but I did'nt plan to trade until after the day closed anyway... Good luck to all and I hope everyone who traded blew up their accounts..... in a positive way that is...
Welcome back from the road!
Just digging in the trenches like everyone else!
  • #94,666
  • Oct 29, 2008 11:12am Oct 29, 2008 11:12am
Quoting Big Wave Rider
That means I have (had) 400 pips profit in UCAD. Now at 300 and some change.
cool bananas
then drinks on you today
When life gives you lemons, make lemonade
  • #94,667
  • Oct 29, 2008 11:13am Oct 29, 2008 11:13am
She is moving a bit volatile !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #94,668
  • Oct 29, 2008 11:14am Oct 29, 2008 11:14am
Quoting nAVIN2007
...
scared the hell out of me, i thought u cant lose more than u have in yur account...am i wrong?
Every broker is different bro! Shop them, I'm still shopping for a main broker and I've been on this quest for about a month now. I hold two accounts, one with FXDD and my main with MB Trading. FXDD gives me fixed spreads and MB Trading is variable.
Just digging in the trenches like everyone else!
  • #94,669
  • Oct 29, 2008 11:14am Oct 29, 2008 11:14am
30 seconds....
  • #94,670
  • Oct 29, 2008 11:14am Oct 29, 2008 11:14am
Quoting nAVIN2007
any1 here using Alpari.co.uk
im thinking of opening a account with them, only the women i spoke to scared te hell out of me...\" the said to me that if i open an account for 1K and the market conditions change and position goes against me..i could lose 1K and end up paying a debit on my account...

I said to her no f*ckin way! ....yur kidding right

scared the hell out of me, i thought u cant lose more than u have in yur account...am i wrong?
So, No margin calls? Strange! You could run margin use 100%, then some more? haha! F**K that.
  • #94,671
  • Oct 29, 2008 11:16am Oct 29, 2008 11:16am
Damn my indicator gave 30 pips spread !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #94,672
  • Oct 29, 2008 11:17am Oct 29, 2008 11:17am
Quoting m00jiman
So, No margin calls? Strange! You could run margin use 100%, then some more? haha! F**K that.
thats what i thought..
I mean what happens to somebody who trades 50 lots and losses all his money in the account and cant bring himself to close the position...not only is he broke but he can actually be ruined

thats super dodgeball if u ask me
  • #94,673
  • Oct 29, 2008 11:19am Oct 29, 2008 11:19am
rate anyone?
When life gives you lemons, make lemonade
  • #94,674
  • Oct 29, 2008 11:19am Oct 29, 2008 11:19am
hi

different spread in many brokers .... any news about us rate
  • #94,675
  • Oct 29, 2008 11:20am Oct 29, 2008 11:20am
Quoting spintrader
30 seconds....
1.0, cut 50bps.
  • #94,676
  • Oct 29, 2008 11:20am Oct 29, 2008 11:20am
rate cut to 1.00%
  • #94,677
  • Oct 29, 2008 11:21am Oct 29, 2008 11:21am
boring arent they
Trading is 80% Emotional, 20% Technical
  • #94,678
  • Oct 29, 2008 11:21am Oct 29, 2008 11:21am
Quoting nAVIN2007
any1 here using Alpari.co.uk
im thinking of opening a account with them, only the women i spoke to scared te hell out of me...\" the said to me that if i open an account for 1K and the market conditions change and position goes against me..i could lose 1K and end up paying a debit on my account...

I said to her no f*ckin way! ....yur kidding right

scared the hell out of me, i thought u cant lose more than u have in yur account...am i wrong?
na she not right,alpari uk is very ok(good) i recommed it,i trade with them
  • #94,679
  • Oct 29, 2008 11:22am Oct 29, 2008 11:22am
Quoting fx local
boring arent they
it was not an interesting cut
  • #94,680
  • Oct 29, 2008 11:23am Oct 29, 2008 11:23am
Quoting eohater
Every broker is different bro! Shop them, I'm still shopping for a main broker and I've been on this quest for about a month now. I hold two accounts, one with FXDD and my main with MB Trading. FXDD gives me fixed spreads and MB Trading is variable.
the thing is after i phoned my broker and i asked them as well ....and they told me all brokers would do this because if a position is placed over the weekend and gap..our positions cant be monitored causee the brokers are closed.....i will never leave a position over weekend again...i never realised i was playing with fire
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