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Cable Update (GBPUSD)

  • #104,941
  • Dec 7, 2008 2:59pm Dec 7, 2008 2:59pm
Quoting PipLand
Ive heard good things about Oanda when i was looking last year, they are a deal desk I believe though. Your right as well with all the MT4 ones that I demoed I got requotes! Which drive you mad, I wouldnt be able to put up with them in a live environment.

Looks like it will be Gap up after all, 1.4746 according to http://www.forex-markets.com/quotes.htm, gonna have to have a rethink on my strategy as thats above a downtrend support line and my next major downtrend line is coming in at around 1.5055
u r talking about the demo of the mt4?? hahahah the demo is 20 times faster than live, u aint seen nothing... try any broker live on mt4 and see how much they suck!!!!!!!!!!!!!!!!!!!!!!! demo is like heaven comparing to live
When life gives you lemons, make lemonade
  • #104,942
  • Dec 7, 2008 3:04pm Dec 7, 2008 3:04pm
Quoting micho
u r talking about the demo of the mt4?? hahahah the demo is 20 times faster than live, u aint seen nothing... try any broker live on mt4 and see how much they suck!!!!!!!!!!!!!!!!!!!!!!! demo is like heaven comparing to live
lol... i still remember how many times i had to keep trying to get a fill... Took me 20-30 times to buy an order at an unwanted price and i had to close it too xD
  • #104,943
  • Dec 7, 2008 3:09pm Dec 7, 2008 3:09pm
Quoting micho
u r talking about the demo of the mt4?? hahahah the demo is 20 times faster than live, u aint seen nothing... try any broker live on mt4 and see how much they suck!!!!!!!!!!!!!!!!!!!!!!! demo is like heaven comparing to live
lol think im just gonna keep MT4 for my charts then. Forex is hard enough without your broker f#####g you about
  • #104,944
  • Dec 7, 2008 3:11pm Dec 7, 2008 3:11pm
Quoting zapper
lol... i still remember how many times i had to keep trying to get a fill... Took me 20-30 times to buy an order at an unwanted price and i had to close it too xD

yes!!! thats what im talking about... sometimes i try 50 times to enter also!!!
When life gives you lemons, make lemonade
  • #104,945
  • Dec 7, 2008 3:12pm Dec 7, 2008 3:12pm
Quoting PipLand
lol think im just gonna keep MT4 for my charts then. Forex is hard enough without your broker f#####g you about
yes it is but mt4 is great as a software... all my studies on it its so fucking simple and powerful
When life gives you lemons, make lemonade
  • #104,946
  • Dec 7, 2008 3:16pm Dec 7, 2008 3:16pm
hey everyone. this is my first time trying to trade a GAP. so can anyone tell me is this a GAP already or a spike?? On friday the market closes at 1.4682 & now the market re-opens at 1.4741??

can anyone with experienced tell??
  • #104,947
  • Dec 7, 2008 3:18pm Dec 7, 2008 3:18pm
Quoting moewenger
hey everyone. this is my first time trying to trade a GAP. so can anyone tell me is this a GAP already or a spike?? On friday the market closes at 1.4682 & now the market re-opens at 1.4741??

can anyone with experienced tell??
for me i dont like to trade gaps, they are clueless... no trend no volume... just freaky gap...
When life gives you lemons, make lemonade
  • #104,948
  • Dec 7, 2008 3:19pm Dec 7, 2008 3:19pm
Quoting moewenger
hey everyone. this is my first time trying to trade a GAP. so can anyone tell me is this a GAP already or a spike?? On friday the market closes at 1.4682 & now the market re-opens at 1.4741??

can anyone with experienced tell??
possibly a gap, with respect to your broker and a spike with respect to the others...
  • #104,949
  • Dec 7, 2008 3:23pm Dec 7, 2008 3:23pm
Quoting moewenger
hey everyone. this is my first time trying to trade a GAP. so can anyone tell me is this a GAP already or a spike?? On friday the market closes at 1.4682 & now the market re-opens at 1.4741??

can anyone with experienced tell??
spike or no spike, yes it is a gap.
If the price opens at a significantly different level to where it closed- then it has gapped.

Trading gaps is an absolute lottery. If you are already in a long term trade, or you are comfortable making a loss then by all means stay in a trade over the weekend.

For example, I've been short USD/JPY from 99.00, so I was completely comfortable leaving it open at a price of 93.00.

However if you are trading daily movements, it is really not worth the risk.

What if you are short Friday, and it gaps up 200 pips, so at market open you have a pretty big losing trade?

Unless you have a clear idea of what you are doing, and trying to achieve- it is not worth it.
  • #104,950
  • Dec 7, 2008 3:23pm Dec 7, 2008 3:23pm
Quoting moewenger
hey everyone. this is my first time trying to trade a GAP. so can anyone tell me is this a GAP already or a spike?? On friday the market closes at 1.4682 & now the market re-opens at 1.4741??

can anyone with experienced tell??
4736 was my close Friday
  • #104,951
  • Dec 7, 2008 3:23pm Dec 7, 2008 3:23pm
I'm just trying lol. But my broker was already opened since 20mins ago?? Haven't others as well?? I love my broker lol. They dont give to much trouble.
  • #104,952
  • Dec 7, 2008 3:26pm Dec 7, 2008 3:26pm
Quoting Shilva
4736 was my close Friday
my broker closes 1 hour later than yours. that's why the price was different. I saw on last two CS I had the same closes as you.
  • #104,953
  • Dec 7, 2008 3:33pm Dec 7, 2008 3:33pm
Quoting moewenger
my broker closes 1 hour later than yours. that's why the price was different. I saw on last two CS I had the same closes as you.
4pm EST....4734 bid & 4738 ask
  • #104,954
  • Dec 7, 2008 3:34pm Dec 7, 2008 3:34pm
Quoting spintrader
spike or no spike, yes it is a gap.
If the price opens at a significantly different level to where it closed- then it has gapped.

Trading gaps is an absolute lottery. If you are already in a long term trade, or you are comfortable making a loss then by all means stay in a trade over the weekend.

For example, I've been short USD/JPY from 99.00, so I was completely comfortable leaving it open at a price of 93.00.

However if you are trading daily movements, it is really not worth the risk.

What if you are short Friday, and it gaps up 200...
thanks for sharing.
  • #104,955
  • Dec 7, 2008 3:36pm Dec 7, 2008 3:36pm
Quoting Shilva
4pm EST....4734 bid & 4738 ask
I know. my broker was the same too on friday but that price is one hour earlier than mine. as I said, my broker closes at 5pm EST at price 1.4682 bid.
  • #104,956
  • Dec 7, 2008 3:38pm Dec 7, 2008 3:38pm
another 30 mins. or so before my broker opens......anybody have a current price?
  • #104,957
  • Dec 7, 2008 3:42pm Dec 7, 2008 3:42pm
Quoting Shilva
another 30 mins. or so before my broker opens......anybody have a current price?
current price is 1.4734
  • #104,958
  • Dec 7, 2008 4:24pm Dec 7, 2008 4:24pm
why current spreads on oanda are 15 pips?
When life gives you lemons, make lemonade
  • #104,959
  • Dec 7, 2008 4:42pm Dec 7, 2008 4:42pm
Quoting micho
why current spreads on oanda are 15 pips?
Always 15 on Friday afternoons and Sunday nights, it will be back to 4-5 at 8pm EST.
  • #104,960
  • Dec 7, 2008 4:51pm Dec 7, 2008 4:51pm
Quoting mlambole
Always 15 on Friday afternoons and Sunday nights, it will be back to 4-5 at 8pm EST.
but also 4 5 is big!! isnt it supposed to be 1 or 2??
When life gives you lemons, make lemonade
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