Cable Update (GBPUSD) | Page 5241 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #104,801
  • Dec 5, 2008 1:34pm Dec 5, 2008 1:34pm
Quoting TerpFan2
I hear you Nav...
I began trading to pay for my parents situation... Home
needed help/taxes paid, then it's bills of theirs @age 84,
and then nursing home.
All... "JUST Causes", you would think to... save their home!
-NOT, at all a reason to Trade though.
You trade... to become a great trader. If that's the goal it works. .!
I lost "Hoping" on GBP/Jappy... not smart @all picking a bottom
on that one.
-I figured that's it no more funding. Back's up against the wall.
This has got to Change, I remember Mike (Senior) telling 'guy
"You Can...
have a great weekend jeff..
i will be moving in 2 weeks i think ...dependent on mortagage arriving in my bank...when that happens i will likely withdraw my trading funds and buy stuff with it...i got into trading because i thought it was techical skills but now im thinking its just plain gambling...the price retraced 100% yesterday and went back the point day b4 and then made a further move down.....that tells me basically trading is purely about getting the direction and its not solid one way or the other...gambling ..and im not a gambler so now it come to a point where i know longer believe i can make money in it unless im willing to lose..and i just cant accept that!

i have no risk tolerance...
  • #104,802
  • Dec 5, 2008 1:36pm Dec 5, 2008 1:36pm
Navin if you dont have a yahoo account get one. add me to yahoo im [email protected]. Give me two weeks I will turn you into a freakin hunter of pips.

Someone who waits patiently in the tree and when the time is right strikes. then gets back in his tree waits again for the right time and strikes again.

Two weeks Navin
  • #104,803
  • Dec 5, 2008 1:38pm Dec 5, 2008 1:38pm
Quoting micho
hey Jeff

i am still figuring out which broker should i switch to...

i have this list

oanda
hotspotfx
gfttrading
ib

do you have any experience with these brokers? what do you use?
any help would be appreciated

i use oanda overall pretty good.

pluses - usually very good execution ( tested up to 200,000 units)
good spreads (except for the news announcements)
flexible lots, from 1 dollar to some millions not sure what their top is.
rarely any slipage especially on limit orders.

minuses - usually stable platform but when it crashes can take them between 15 minutes and 2 hours to fix it.
as mentioned before spreads increase dramatically during news - during NFP today i think it was 20pip on cable can be up to 30.
sometimes execution may suffer during us session but im not sure whether its due to them or my internet connection during that time.

also they hold account at JP morgan FYI ( probably good point)
and another sidenote sometimes ( actually very rarely but it happens) their prices freeze but platform works ok ( could be just for one pair or few) so you can use metatrader and do abit of arbitrage. I myself done it few times.
  • #104,804
  • Dec 5, 2008 1:38pm Dec 5, 2008 1:38pm
Quoting ezmystic
bro I have felt like you feel now, but just keep on with your micro lots even if it's for 2 years you will crack it....
i do that already bro...candlestick was the first thing i ever learned..glad to hear yur using them
  • #104,805
  • Dec 5, 2008 1:42pm Dec 5, 2008 1:42pm
Quoting allserene
its too easy ! you just short every peak and hop out when it stalls

I feel like bradd pitt in a sunday night singles club

I just cant miss !
im just short now from 1h 62ema. will eo style works again this time?? hehe..
  • #104,806
  • Dec 5, 2008 1:42pm Dec 5, 2008 1:42pm
[quote=nAVIN2007;2399889]have a great weekend jeff..

Thanks Navin...
I understand. Hold on if you can though bud- or take a short
recess if you need to. Frankly, i like SteelHead's post the best,
take him up on it & get me an email out as well if you care to.
Again,
I would take dude's offer up though / or Alserene's
-Give it a chance Navin,
Wishing you the best man,

Jeff
I will work to Objectively Identify my Edges
  • #104,807
  • Dec 5, 2008 1:48pm Dec 5, 2008 1:48pm
Quoting steelhead
Navin email me this weekend lets talk. I think I have something that might help you.


Later
thanks bro ..but honestly u cant make me accept risk...i really as technical trader know what going on....the the risk aspect of trading..i just cant face..if anything what i need is to almost rewire the way i think

i probably dont trust myself, even if u gave me trade calls i wont take them cause i have no risk tolerance......but thanks bro.u the man!
  • #104,808
  • Dec 5, 2008 1:53pm Dec 5, 2008 1:53pm
Quoting moewenger
im just short now from 1h 62ema. will eo style works again this time?? hehe..
hit my BE.

will see if my 1h CS close at below 62ema i will short again. BTW, there is news coming at 4. let see...
  • #104,809
  • Dec 5, 2008 1:53pm Dec 5, 2008 1:53pm
Quoting moewenger
im just short now from 1h 62ema. will eo style works again this time?? hehe..
Make sure you have stop in place...
Today is Friday and we are almost at the close...
Dow is surging...
1h 62ema has been tested 3 times already...

It could be good... but be careful..
I've closed out all my trades already and getting ready to party...
Patience + Discipline - Greed = Success
  • #104,810
  • Dec 5, 2008 1:54pm Dec 5, 2008 1:54pm
Quoting nAVIN2007
thanks bro ..but honestly u cant make me accept risk...i really as technical trader know what going on....the the risk aspect of trading..i just cant face..if anything what i need is to almost rewire the way i think

i probably dont trust myself, even if u gave me trade calls i wont take them cause i have no risk tolerance......but thanks bro.u the man!

I am going to rewire your thinking, thats what I am going to do. You will learn to see the market in a totally different light. Im going to teach you sound mm and sound analysis, but hey if you dont want to take me up on it its all good.
  • #104,811
  • Dec 5, 2008 1:57pm Dec 5, 2008 1:57pm
Quoting Infinity
Make sure you have stop in place...
Today is Friday and we are almost at the close...
Dow is surging...
1h 62ema has been tested 3 times already...

It could be good... but be careful..
I've closed out all my trades already and getting ready to party...
sure I have my SL ready. Tuesday's mistakes cant happen twice. I think nav must remember about protecting margin that is very important. Dont give up.
  • #104,812
  • Dec 5, 2008 1:57pm Dec 5, 2008 1:57pm
Quoting nAVIN2007
thanks bro ..but honestly u cant make me accept risk...i really as technical trader know what going on....the the risk aspect of trading..i just cant face..if anything what i need is to almost rewire the way i think

i probably dont trust myself, even if u gave me trade calls i wont take them cause i have no risk tolerance......but thanks bro.u the man!
lol come on man its not so dramatic. just talk to him on yahoo!
When life gives you lemons, make lemonade
  • #104,813
  • Dec 5, 2008 1:57pm Dec 5, 2008 1:57pm
Quoting lexazver
i use oanda overall pretty good.

pluses - usually very good execution ( tested up to 200,000 units)...
well, many thanks for all this info!!
what about these 2 hours crashes? what happens when i have an open order??? who is held responsible? and what about the 20 pips spread? thats huge!!!
When life gives you lemons, make lemonade
  • #104,814
  • Dec 5, 2008 2:00pm Dec 5, 2008 2:00pm
Just believe in yourself Navin, learn from and review your bad trades. You can do it Navin! You can do it!

Navin for President!
Patience + Discipline - Greed = Success
  • #104,815
  • Dec 5, 2008 2:00pm Dec 5, 2008 2:00pm
steelhead, just out of interest, how successful are you? Are we talking hundreds of dollars a week, thousands, or many thousands?
you don't have to tell me if you don't want to.
It's just you speak with the air of someone who is greatly successful- and I don't doubt you are, I'm just curious.

feel free to fire the question straight back at me if you wish.

p.s. I'm afraid I disagree with you on an earlier point once again, lol.
For me, fundamentals are everything- But I guess I trade on a much longer time frame than most- the small nitty gritty movements don't concern me-
That's not to say the technicals aren't massively important also.
  • #104,816
  • Dec 5, 2008 2:00pm Dec 5, 2008 2:00pm
Quoting steelhead
I am going to rewire your thinking, thats what I am going to do. You will learn to see the market in a totally different light. Im going to teach you sound mm and sound analysis, but hey if you dont want to take me up on it its all good.

i like you thinking... i would love to get in on the edu :-)
  • #104,817
  • Dec 5, 2008 2:03pm Dec 5, 2008 2:03pm
Quoting spintrader
steelhead, just out of interest, how successful are you? Are we talking hundreds of dollars a week, thousands, or many thousands?
you don't have to tell me if you don't want to.
It's just you speak with the air of someone who is greatly successful- and I don't doubt you are, I'm just curious.

feel free to fire the question straight back at me if you wish.

p.s. I'm afraid I disagree with you on an earlier point once again, lol.
For me, fundamentals are everything- But I guess I trade on a much longer time frame than most- the small nitty gritty...
dont speak in dollars man, speak in pips
When life gives you lemons, make lemonade
  • #104,818
  • Dec 5, 2008 2:06pm Dec 5, 2008 2:06pm
Quoting micho
well, many thanks for all this info!!
what about these 2 hours crashes? what happens when i have an open order??? who is held responsible? and what about the 20 pips spread? thats huge!!!
well if you have stop loss in place you should be ok never had problem with that if it was not executed then they are responible. if you have open trade and sometimes they can close it from their end but sometimes they cant ( they have usefull live support chat thingy). when they crash unless you have stop order or take profit order or limit sell or buy they are not responsible.

these brokers are not regulated in the same way as futures or equity brokers they they can get away with many things.
  • #104,819
  • Dec 5, 2008 2:06pm Dec 5, 2008 2:06pm
Quoting Infinity
Just believe in yourself Navin, learn from and review your bad trades. You can do it Navin! You can do it!

Navin for President!
  • #104,820
  • Dec 5, 2008 2:07pm Dec 5, 2008 2:07pm
Quoting micho
dont speak in dollars man, speak in pips
yeah, maybe that would have been a better way of phrasing it.

But I don't think that a pip is a pip.

In my experience, pips worth only £1 are far easier to trade than the ones that are worth £100
237 traders viewing now, 6 are registered:
Twocans
,
ricmaj
,
,
Gbpusdfreakk
,
Januje
,
alkenany