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Cable Update (GBPUSD)

  • #97,981
  • Nov 13, 2008 9:31am Nov 13, 2008 9:31am
Quoting steelhead
Spin I respectfully totally disagree with that statement. Independent traders are very important to banks and major players.

I have said this many times you have to look at this market like a giant no limit poker game. Witch i will be playing next week in Vegas lol.

You are playing against Doyle Brunson and Johnny Chan. Those guys will sit at the table all day waiting for the indepedant player to make a mistake then they will pounce.

It is no different in this market. The big boys create the conditions through indicators to get independant...
That's certainly an interesting perspective, but simply in terms of volume, we account for a miniscule ammount of the trillions that are being traded every day. Forex desks of major banks have slightly more important things to worry about than what you and I are doing.

I wonder steely, will we ever agree on anything?!
  • #97,982
  • Nov 13, 2008 9:31am Nov 13, 2008 9:31am
Quoting Infinity
Look man, I am not one for the childish jabbing. This is the cable thread and I was just asking about cable.

Um actually that is precisly what you are about, but its all good man today is a new day and im not getting into that.


You werent just asking how the cable was doing you were asking tongue and cheek nice try though.

Im all about the peace today.
  • #97,983
  • Nov 13, 2008 9:32am Nov 13, 2008 9:32am
what for - This is entertaining! http://www.forexfactory.com/images/icons/icon10.gif
  • #97,984
  • Nov 13, 2008 9:32am Nov 13, 2008 9:32am
Quoting spintrader
That's certainly an interesting perspective, but simply in terms of volume, we account for a miniscule ammount of the trillions that are being traded every day. Forex desks of major banks have slightly more important things to worry about than what you and I are doing.

I wonder steely, will we ever agree on anything?!


Yes we will my friend we can both agree that im dead sexy lol.
  • #97,985
  • Nov 13, 2008 9:33am Nov 13, 2008 9:33am
Quoting steelhead
Let me check oh it looks like it is doing just fine thanks.
Great!! I hope you make some money...
Patience + Discipline - Greed = Success
  • #97,986
  • Nov 13, 2008 9:34am Nov 13, 2008 9:34am
Quoting salah k.
hey manize how about those 150 pips
im keeping the trade going
no real target actually just a round number of 1.45
what do u guys think
were is it goin
Not so good friend, because I locked SL + 10 pips. 6 trades sofar and hit lock in +10 pips all, +60 pips gain. If I follow your advice I can eat at least + 150 pips. I still learn hard how to hold a good position to collect hundred of pips ! Btw thanks for share !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #97,987
  • Nov 13, 2008 9:34am Nov 13, 2008 9:34am
Quoting steelhead
Um actually that is precisly what you are about, but its all good man today is a new day and im not getting into that.


You werent just asking how the cable was doing you were asking tongue and cheek nice try though.

Im all about the peace today.
==>
Patience + Discipline - Greed = Success
  • #97,988
  • Nov 13, 2008 9:34am Nov 13, 2008 9:34am
Quoting steelhead
Doing just fine. shorted at 1.4940 up 86 pips. I know you are asking about longs. havent taken any since yesterday so I know you want to trap me but it dont work.

happy trading
Quoting Infinity
Look man, I am not one for the childish jabbing. This is the cable thread and I was just asking about cable.

Hey..... chill man.
  • #97,989
  • Nov 13, 2008 9:38am Nov 13, 2008 9:38am
Quoting Infinity
Great!! I hope you make some money...

yeah up about 120 pips on it 1200 dollars aint a bad way to start the day.

Hope there are just green pips in this pressure cooker today. For all yall
  • #97,990
  • Nov 13, 2008 9:39am Nov 13, 2008 9:39am
Quoting steelhead


this market is manipulated the faster you learn and understand that the better.
Not only this, stock market as well. Most of them. I tried to say the same thing some time ago, but some geniuos people tought me a good lesson on how the financial markets work.
  • #97,991
  • Nov 13, 2008 9:41am Nov 13, 2008 9:41am
Quoting spintrader
That's certainly an interesting perspective, but simply in terms of volume, we account for a miniscule ammount of the trillions that are being traded every day. Forex desks of major banks have slightly more important things to worry about than what you and I are doing.

I wonder steely, will we ever agree on anything?!
Exactly. Given the sheer incredible size and liquidity of GBPUSD as an asset class, there are only very few players (major banks) who are big enough to move GBPUSD. If we were talking about an obscure EM currency pair, such as EURISK, then manipulation by one large player would indeed be possible.

Therefore, this leaves the possibility of manipulation of GBPUSD by ways of the biggest players colluding, which will never happen. These guys are fierce competitors, fighting for business and anything that will give them an advantage over their peers. There is no way Deutsche Bank, HSBC and Citigroup, for example, will collude to move cable just to take out the stops of a few retail traders.

The only other possibility in terms of "manipulation" is central bank intervention, which does happen, albeit very, very rarely. In cases where this occurs, clues are normally telegraphed to the market long in advance.
  • #97,992
  • Nov 13, 2008 9:42am Nov 13, 2008 9:42am
Quoting Infinity
==>
ignore him infin, he aint worth it!! lets focus on cable instead bro...

selling been profitable strategy again today, sterling weaker in comparison to other currencies,
Trading is 80% Emotional, 20% Technical
  • #97,993
  • Nov 13, 2008 9:45am Nov 13, 2008 9:45am
Quoting fx local
ignore him infin, he aint worth it!! lets focus on cable instead bro...

selling been profitable strategy again today, sterling weaker in comparison to other currencies,
No doubt bro...

There is no buying interest at the moment...
Patience + Discipline - Greed = Success
  • #97,994
  • Nov 13, 2008 9:47am Nov 13, 2008 9:47am
Quoting fx local
ignore him infin, he aint worth it!! lets focus on cable instead bro...

selling been profitable strategy again today, sterling weaker in comparison to other currencies,

Local we all getting along today man its all good. just a little fun to pass the time away.

Want make money no ignore. Pay attention many good discussions around here today. Dont be a party pooper. Its all green pips today my frie, ah well its all green pips today.

How is life on the other side of the pond?
  • #97,995
  • Nov 13, 2008 9:49am Nov 13, 2008 9:49am
Quoting manize
Not so good friend, because I locked SL + 10 pips. 6 trades sofar and hit lock in +10 pips all, +60 pips gain. If I follow your advice I can eat at least + 150 pips. I still learn hard how to hold a good position to collect hundred of pips ! Btw thanks for share !

any + pips is fine
congrats man
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #97,996
  • Nov 13, 2008 9:56am Nov 13, 2008 9:56am
EUR/GBP head'n north
GBP/JPY head'n south
Come on cable....wake up! (or down that is) http://www.forexfactory.com/images/icons/icon11.gif
  • #97,997
  • Nov 13, 2008 10:10am Nov 13, 2008 10:10am
Ok, my soldiers are fighting hard to get us through 4790. We going to push this to 4600 today?
Just digging in the trenches like everyone else!
  • #97,998
  • Nov 13, 2008 10:12am Nov 13, 2008 10:12am
Quoting steelhead
Local we all getting along today man its all good. just a little fun to pass the time away.

Want make money no ignore. Pay attention many good discussions around here today. Dont be a party pooper. Its all green pips today my frie, ah well its all green pips today.

How is life on the other side of the pond?
cold, wet, and bleak!!! abit like sterling... i am hoping for some kind of bounce to sell into again,
Trading is 80% Emotional, 20% Technical
  • #97,999
  • Nov 13, 2008 10:13am Nov 13, 2008 10:13am
hello everyone, im still holding my short for cable my price was 1.48xx area. right now cable is being trade at below 1.48(1.4770). my TP is at 1.4600. does anyone agree that cable will make lower than that until 2morrow for recovery??

  • #98,000
  • Nov 13, 2008 10:16am Nov 13, 2008 10:16am
Quoting salah k.
any + pips is fine
congrats man
Thank you !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
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