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Cable Update (GBPUSD)

  • #97,781
  • Nov 12, 2008 5:16pm Nov 12, 2008 5:16pm
Quoting "expert"
Imagine guys that you live in GB and 1 morning you have 1,53 and and when you wake up next one it is 1,43.That is to much i think.No one will sell for that rate so the rate will go up.I notice that if fall is fast it goes up almost 100%.But this go for london sesson.We are in assia now.

On the other hand, all indicators are below 0 on all TF so no signs for longs.I still remeber that night when cable was falling all night long.

Don't know why i just want to go long and then short from DP maybe.i was trading Asia session just ones so...
trade what u see.....and trust me right now...just gotta be carefull cause it broke the monthly low and is sitting on a support it might go down anaother 500 pips....its just crazy...
  • #97,782
  • Nov 12, 2008 5:30pm Nov 12, 2008 5:30pm
Quoting nAVIN2007
trade what u see.....and trust me right now...just gotta be carefull cause it broke the monthly low and is sitting on a support it might go down anaother 500 pips....its just crazy...
I know.Too late.I am long.SL will do the job if wrong.I will make that 30pips tommorow in us for sure on sculp.If we come to 4950 alram will break my beaty sleep and then will see will close or just move SL more up.
Attached Image (click to enlarge)
Click to Enlarge Name: cable 1hr.gif Size: 17 KB
  • #97,783
  • Nov 12, 2008 5:35pm Nov 12, 2008 5:35pm
made 70 pips already.Moving Sl and going to sleep see ya
  • #97,784
  • Nov 12, 2008 8:26pm Nov 12, 2008 8:26pm
my this week FIST STRIKE trade,,,
http://i36.tinypic.com/v8hi1d.png


Sonic
  • #97,785
  • Nov 12, 2008 8:30pm Nov 12, 2008 8:30pm
hello cable fanatics

anybody looking for shorts besides me at this point?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #97,786
  • Nov 12, 2008 8:30pm Nov 12, 2008 8:30pm
Question : Is a 10 pip spread for this pair reasonable ?
  • #97,787
  • Nov 12, 2008 8:51pm Nov 12, 2008 8:51pm
Quoting eohater
This is too freaking wierd! I wish I knew how to take screen prints with my new laptop (I just haven't taken the time to learn yet). But check this out. My bid price was just 1.4750 and ask was 1.4980. Holy Shit!

HAHAHAHAHA i thought FXCM spreads were bad. i hope you didn't take that trade..HAHAH
  • #97,788
  • Nov 12, 2008 8:56pm Nov 12, 2008 8:56pm
Quoting salah k.
hello cable fanatics

anybody looking for shorts besides me at this point?
I did !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #97,789
  • Nov 12, 2008 9:08pm Nov 12, 2008 9:08pm
Quoting manize
I did !

nice
but it seems that this day will be a slow one
probably including a retracement to 1.50
but hang in there we are bound to fall to new lows
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #97,790
  • Nov 12, 2008 9:16pm Nov 12, 2008 9:16pm
Quoting salah k.
nice
but it seems that this day will be a slow one
probably including a retracement to 1.50
but hang in there we are bound to fall to new lows
Thank you sal, I put big SL , because I am sure she will huge fall due to lower low monthly chart has been broken yesterday !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #97,791
  • Nov 12, 2008 9:17pm Nov 12, 2008 9:17pm
Quoting sonicdeejay
my this week FIST STRIKE trade,,,
http://i36.tinypic.com/v8hi1d.png


Sonic
Nice to see you around Sonic.
Nice catch there!
  • #97,792
  • Nov 12, 2008 9:29pm Nov 12, 2008 9:29pm
Quoting therainmaker
Question : Is a 10 pip spread for this pair reasonable ?

I do not trade any pair which spread is more than 3 pips...

Sonic
  • #97,793
  • Nov 12, 2008 10:18pm Nov 12, 2008 10:18pm
10 pips spread is a rape
  • #97,794
  • Nov 12, 2008 10:40pm Nov 12, 2008 10:40pm
Mee: why is the spread for GBPUSD so wide?
Mark: As you are likely aware, current volatility in global financial markets is also impacting the currency market. While we strive to offer you the lowest bid/ask spreads at all times, due to significant price action over the last few days as well as a change in market liquidity, we may temporarily adjust spreads to reflect available market liquidity.
Mee: but 10 pips?
Mark: Also keep in mind we are in between trading sessions; the GBP zone is not open, neither are US financial centers.
Mee: but its only asian hours now
Mee: us market is not open
Mark: Correct.
Mee: so why there a wide spread considering low volatility at this time?
Mark: There is high global volatility.
Mee: at 3am US?
Mark: 3:00 am EST is when the London session begins.
Mee: o ok
  • #97,795
  • Nov 12, 2008 11:19pm Nov 12, 2008 11:19pm
Quoting dakrusha
HAHAHAHAHA i thought FXCM spreads were bad. i hope you didn't take that trade..HAHAH
I was already in a trade bro! I forgot about MB's resetting of price from 4:58pm-5:03pm. I call them and said WTF. They promptly reminded me of their turn of day pricing. No orders are filled during this time period. I would have been pissed if it f*cked with my trade!
Just digging in the trenches like everyone else!
  • #97,796
  • Nov 12, 2008 11:22pm Nov 12, 2008 11:22pm
Quoting sonicdeejay
my this week FIST STRIKE trade,,,
http://i36.tinypic.com/v8hi1d.png


Sonic
Nice trade you've go going there!
Just digging in the trenches like everyone else!
  • #97,797
  • Nov 13, 2008 12:14am Nov 13, 2008 12:14am
i think now it's time for the retracement (I think about >100 pips). Looking for the long setups in the next few hours. I think it'll retrace to 1,5030 at least. I wont be surprised if it will reach 1,51 by the end the day.
  • #97,798
  • Nov 13, 2008 1:46am Nov 13, 2008 1:46am
once again i miss the trade... but nothing to do... i have to sleep and to work and to drive and miss trades
When life gives you lemons, make lemonade
  • #97,799
  • Nov 13, 2008 1:49am Nov 13, 2008 1:49am
why not stick to the fulltime trading then?
  • #97,800
  • Nov 13, 2008 1:50am Nov 13, 2008 1:50am
i would definitely sell at 1.50xx
When life gives you lemons, make lemonade
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