Cable Update (GBPUSD)

close 1/2 @54

1.5260 would be nice not holding my breath though.

ur first target is 71 why did u close it now

Does anyone know when either King or Paulson will say something?

My system is basically based on their words

u close it now at 71

lol

They do allow you to trade with leverage, often with a huge amount of gearing. For example, if you are trading $1 a pip, the actual size of your FX trade exposure is £10k. However, you wouldn't need to have £10k cash on deposit with them.

one way system you got there

very sophisticated hahaha

spreads are 3 pips max all the time because I've used a couple of different accounts, and no commision to pay

depends who you use I suppose, I don't use one with gearing, I'm not good enough to blow my account in a couple of minutes

whats gearing? sounds like some turbo engine

No, all spread betting companies in the UK allow you to trade leverage. Another example, if you buy Barclays' shares at £10 per one pence move, your gross exposure is approx £1.6k, but all spread betting companies would require margin of 25% to be held against this. Therefore, you are getting multiple amounts of leverage.

Just out of interest, as you are not leveraged, how much money do you set aside when trading £1 a pip?

sexier word for leverage!

price move too fast

ya

Micho,

see , Stop Runnig

where??

Joe Ross told me , be a Remora and stay aside the Shark,

stay alive !

well safe side is not to go long

Ok guys my long is just fine for now.but will close for 90 pips since last night i give order for buy when everybody saing this is going down.That 1 hr gann is golding and 15 as well.I will wait for break 1 of them to make next move.

As for brokers my broker is TELETRADE from rusia i think.Spread for cable is 5.But it is always 5.No meter time of day or volatility.The problem is only Sl must be 10 pips from price and when price enter in that range of 10 pips from SL ot Tp you can not close trade.Must wait for the price to move away from SL ot TP or to get hit.That was problem in begining when i was fighting hard to make 20 -50 dolars profit.Now i dont make Sl untill i make 15-20 pips then put it to BE+1 and wait.If hit and i still have the ame target go long again and if i see that it will not work i just change order to short.now that 10 pips distance from price is nor problem to me.And they have office heare in my town and Education classes for small money if you trade with them.

Alpari Doesn't care for distance betwen price and Sl order and trade can be closed even we are so close to Sl or TP.Spread is 3 pips i think for Gu.

teletrade has on the other hand as i know small spread for GBPJPY5-6 pips,others are 10 or more because he makes more money.1 pip is 13-15 $ i think on that pair and moves very fast.But have to be very good trader to trade it.

I use 1 more platform from Estonia.They have on demo DJIA ,DOW and some more stock market charts so good to see what is going on theare sometimes.

And heare is some chart from me

i have strong suport on 4900 for now on 15 chart.and that 1 hr gann is strong resistance for now as well.So as i said before big moves likes to rest a litlle with ranges.So maybe in 2-4 hr we go some place when US stock market start to work (on my Estonia platform it starts to move 14:30GMT+1)

If we break and close 1 hr above 1 hr gann we are going for the DP area wheare ichimoku on 1 hr have important resistance as well for now.(blue line)

ADX and parabolic are bulish on 1 hr as well.We just need that 1 hr gann break .I don't think he is so strong against all others indicators but will see.