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Cable Update (GBPUSD)

  • #108,661
  • Dec 28, 2008 2:54pm Dec 28, 2008 2:54pm
Quoting Shilva
My broker closed 2pm Friday @ 4704

I like Oanda because their platform never closes. I can hold weekend positions and close them if I feel news releases may gap against me.
  • #108,662
  • Dec 28, 2008 2:56pm Dec 28, 2008 2:56pm
Quoting Shilva
My low for the day was 4660????? Did it go down to 4548 after 2pm EST???
yes. 5pm est
  • #108,663
  • Dec 28, 2008 2:58pm Dec 28, 2008 2:58pm
Yes. 5 est.

I find it necessary to have multiple quotes available to prep for the next market open.


Quoting Shilva
My low for the day was 4660????? Did it go down to 4548 after 2pm EST???
DireXiv Make it happen, no one else is going to do it for you...
  • #108,664
  • Dec 28, 2008 3:00pm Dec 28, 2008 3:00pm
Quoting deuce
I like Oanda because their platform never closes. I can hold weekend positions and close them if I feel news releases may gap against me.
So u can put on and take off trades all weekend long?
  • #108,665
  • Dec 28, 2008 3:07pm Dec 28, 2008 3:07pm
Hay EO...you think price action during hours when there is no data feed to your platform screws up the MA"s enough to worry about??
  • #108,666
  • Dec 28, 2008 3:07pm Dec 28, 2008 3:07pm
Yes. But I don't initiate new positions. The spread is too high on weekends. About 20-30 pips. I will close a profitable position if a major news event on the weekend may affect my position. Helps to avoid gaps against me.
  • #108,667
  • Dec 28, 2008 3:10pm Dec 28, 2008 3:10pm
Quoting deuce
Yes. But I don't initiate new positions. The spread is too high on weekends. About 20-30 pips. I will close a profitable position if a major news event on the weekend may affect my position. Helps to avoid gaps against me.
Got ya! weekend trading is expensive!
  • #108,668
  • Dec 28, 2008 3:42pm Dec 28, 2008 3:42pm
Quoting Shilva
Hay EO...you think price action during hours when there is no data feed to your platform screws up the MA"s enough to worry about??
I sometimes wonder.
Just digging in the trenches like everyone else!
  • #108,669
  • Dec 28, 2008 3:58pm Dec 28, 2008 3:58pm
Quoting Shilva
Got ya! weekend trading is expensive!
Better use the weekend for rest, or for making plans for the trading week. I don't trade on weekends...
  • #108,670
  • Dec 28, 2008 4:00pm Dec 28, 2008 4:00pm
HolyCrap Trading Method:

I designed a new trading method which works excellently on the wide spreads, so whenever rhe spread is too wide you can use this method.

You need the following setup:

 

  1. Moving Average value 5
  2. Moving Average value 15
  3. Moving Average value 25
  4. Moving Average value35
  5. Moving Average value45
  6. Moving Average value55

After you have setup your chart, locate the previous day close value.

And then go and sit on the fence, because it is dangerous to trade such high spreads.

Hope you liked this method.

  • #108,671
  • Dec 28, 2008 4:12pm Dec 28, 2008 4:12pm
Quoting eohater
I sometimes wonder.
My 62 ema on 1h is often different then yours...by 20 pips today!
  • #108,672
  • Dec 28, 2008 4:15pm Dec 28, 2008 4:15pm
I never implied that it was a good idea to trade the weekends. My message was that the ability to close a position over the weekend to avoid a news driven Sunday gap against the position was valuable.
  • #108,673
  • Dec 28, 2008 4:33pm Dec 28, 2008 4:33pm
Quoting deuce
I never implied that it was a good idea to trade the weekends. My message was that the ability to close a position over the weekend to avoid a news driven Sunday gap against the position was valuable.
If one was trading a 10 standard lot trade @ $1,000 per pip and had to close it on the weekend that would be a $30,000 dollar hit.

All I was saying is this stuff with brokers having floating spreads is bullshit!

Just a conspiricy of screw us retail traders!

I close my trades end of day on Friday!
  • #108,674
  • Dec 28, 2008 4:47pm Dec 28, 2008 4:47pm
Quoting Shilva
If one was trading a 10 standard lot trade @ $1,000 per pip and had to close it on the weekend that would be a $30,000 dollar hit.

All I was saying is this stuff with brokers having floating spreads is bullshit!

Just a conspiricy of screw us retail traders!

I close my trades end of day on Friday!
Wow. Where did that come from?
My clarification wasn't directed to you but to a subsequent "tongue in cheek" post about a weekend trading system.
  • #108,675
  • Dec 28, 2008 4:58pm Dec 28, 2008 4:58pm
Quoting deuce
I never implied that it was a good idea to trade the weekends. My message was that the ability to close a position over the weekend to avoid a news driven Sunday gap against the position was valuable.
http://www.forexfactory.com/showpost...stcount=108670

I designed such a good system, specially for u
  • #108,676
  • Dec 28, 2008 5:12pm Dec 28, 2008 5:12pm
Quoting deuce
Wow. Where did that come from?
My clarification wasn't directed to you but to a subsequent "tongue in cheek" post about a weekend trading system.
Sorry man..please don't take that personally, that was not directed at you......To much bourbon and ginger i suspect.

  • #108,677
  • Dec 28, 2008 5:21pm Dec 28, 2008 5:21pm
Quoting Shilva
Sorry man..please don't take that personally, that was not directed at you......To much bourbon and ginger i suspect.



Hey no prob. Cognac man myself.
  • #108,678
  • Dec 28, 2008 5:25pm Dec 28, 2008 5:25pm
hi guys just asking what is going on with the spread ie gbp/usd,eur/usd....any idea
  • #108,679
  • Edited 6:13pm Dec 28, 2008 5:28pm | Edited 6:13pm
Quoting gagakrimba
What is the actual price now ?
I have 1.4552 at http://www.forex-markets.com/quotes.htm
Why we see quite different prices? Price closed below 1.4580 and now it is 1.465xx.
Give me patience
  • #108,680
  • Dec 28, 2008 5:32pm Dec 28, 2008 5:32pm
Quoting deuce
I like Oanda because their platform never closes. I can hold weekend positions and close them if I feel news releases may gap against me.
You can close position in weekend time ?? very interesting and safe for trading. and can you enter new position during weekend?
Give me patience
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