Cable Update (GBPUSD) | Page 5495 | 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)

  • #109,881
  • Jan 7, 2009 1:49pm Jan 7, 2009 1:49pm
Quoting Infinity
Here it is.... the top of the channel may line up with the 5sma soon though so might offer some support there....
I LIKE IT A LOT!!! I'm already short, but if I wasn't I would be looking for a short in the middle of that wick for sure add at the top if need be and SL would become tight just above the daily 50ema.
Just digging in the trenches like everyone else!
  • #109,882
  • Jan 7, 2009 1:51pm Jan 7, 2009 1:51pm
Quoting eohater
I don't want it from any of my brothers on here. I want it back from Great Britain! Damn country has been manipulating the price like it's a freakin rag doll!
tell it like it is bro.Commercial buying.....yeah right.
  • #109,883
  • Jan 7, 2009 1:53pm Jan 7, 2009 1:53pm
Quoting eohater
I LIKE IT A LOT!!! I'm already short, but if I wasn't I would be looking for a short in the middle of that wick for sure add at the top if need be and SL would become tight just above the daily 50ema.
Sounds like a plan.....
Patience + Discipline - Greed = Success
  • #109,884
  • Jan 7, 2009 1:53pm Jan 7, 2009 1:53pm
Quoting bakula
Has anyone else expereinced this kind of thing?
Appreciate a response.
ouch !

you have my sympathy - stay after em til they give in....

speak to manager etc

I use OANDA but dont I trust em as they are tricky

I could be enticed away
  • #109,885
  • Jan 7, 2009 2:04pm Jan 7, 2009 2:04pm
right I have a big pin on my 4hr now so adding shorts
  • #109,886
  • Jan 7, 2009 2:13pm Jan 7, 2009 2:13pm
Quoting PipLand
right I have a big pin on my 4hr now so adding shorts
are you using alpari?
  • #109,887
  • Jan 7, 2009 2:18pm Jan 7, 2009 2:18pm
Do you guys usually ONLY trade the Cable? Or do you follow most of the majors?
I'm just getting started with Forex and have been daytrading equities a little over a year.

Josh
  • #109,888
  • Jan 7, 2009 2:21pm Jan 7, 2009 2:21pm
Quoting Jduester
Do you guys usually ONLY trade the Cable? Or do you follow most of the majors?
I'm just getting started with Forex and have been daytrading equities a little over a year.

Josh

hey josh whats going on, im david. i trade a few others, the yen crosses eur/usd and cable mostly. im relatively new here as well they people here are great and very helpful. good luck with trading
  • #109,889
  • Jan 7, 2009 2:23pm Jan 7, 2009 2:23pm
Quoting Jduester
Do you guys usually ONLY trade the Cable? Or do you follow most of the majors?
I'm just getting started with Forex and have been daytrading equities a little over a year.

Josh
I only trade cable! She pays me enough that I don't need to worry about the other pairs.

Trade well and welcome to the thread!
EO
Just digging in the trenches like everyone else!
  • #109,890
  • Jan 7, 2009 2:26pm Jan 7, 2009 2:26pm
Quoting bakula
Hiya!
You all talk about putting a stop loss on...well, yesterday at around 6pm approx i took a short and as soon as i was in profit I moved the stop loss and secured around 46 pips profit.
However, there was a SUDDEN spike in the opposite direction which ignored my "profit locked in" stop loss and stopped me out above the spike!
To add insult to injury, they took a 20 pip loss out too!
Now, I deal with Oanda and have not really had any issues with them before...a girl got back to me within 2 minutes of the query and said that it is slippage...

i dont know about your broker; however mine (IBFX) steal from me also... the only way to beat them is to use large stop, targets and limit and stop entries.... otherwise:
1) when entering a trade they let it slip
2) when getting stopped out; they try catch you if you have a small stop


however, 40 pips is huge... i think you can fight that... if they dont honor it i would move on to some other broker...

there are brokers that dont "trade against you"... search the web for them... i believe mbtrading is one of those brokers???

ask a professional trader for better answer
  • #109,891
  • Jan 7, 2009 2:35pm Jan 7, 2009 2:35pm
Quoting mpurdy1973
...

there are brokers that dont "trade against you"... search the web for them... i believe mbtrading is one of those brokers???

ask a professional trader for better answer
My primary is MBTrading and I do not have any problems with them. The do not trade against my positions. They are a true ECN Broker. If I add to a position, I get a blended price instead of two seperate orders. Slippage, rarely have any. Maybe a pip here or there.

Oh, by the way, I'm not a professional trader, just a trader in the trenches like everyone else.
Just digging in the trenches like everyone else!
  • #109,892
  • Jan 7, 2009 2:35pm Jan 7, 2009 2:35pm
Quoting mpurdy1973

there are brokers that dont "trade against you"... search the web for them... i believe mbtrading is one of those brokers???

ask a professional trader for better answer
Well, I'm not a professional, but from my experience, they are really good and honest (I hope). And recently they even included MetaTrader into their tools. I prefer navigator though, but now I can comfortably use their demo MetaTrader for charting (they never had anything usable for charts) and make trades from navigator.
  • #109,893
  • Jan 7, 2009 2:38pm Jan 7, 2009 2:38pm
But, not to be just too positive, they also have some minuses. Swaps are terrible, almost disabling holding positions for longer time and you cannot hedge with them...
  • #109,894
  • Jan 7, 2009 2:38pm Jan 7, 2009 2:38pm
Quoting JanPoko
Well, I'm not a professional, but from my experience, they are really good and honest (I hope). And recently they even included MetaTrader into their tools. I prefer navigator though, but now I can comfortably use their demo MetaTrader for charting (they never had anything usable for charts) and make trades from navigator.
The beta navigator has charts. They are not as reliable (meaning, there are times when no data will display, gaps between candle here and there), but they do have charts on their beta version of navigator.

I like navigator though. Easy to place your orders!
Just digging in the trenches like everyone else!
  • #109,895
  • Jan 7, 2009 2:39pm Jan 7, 2009 2:39pm
Quoting eohater
My primary is MBTrading and I do not have any problems with them. The do not trade against my positions. They are a true ECN Broker. If I add to a position, I get a blended price instead of two seperate orders. Slippage, rarely have any. Maybe a pip here or there.

Oh, by the way, I'm not a professional trader, just a trader in the trenches like everyone else.
do they allow you to hedge?
can you close part of your trade and keep the rest on?
  • #109,896
  • Jan 7, 2009 2:39pm Jan 7, 2009 2:39pm
Quoting JanPoko
But, not to be just too positive, they also have some minuses. Swaps are terrible, almost disabling holding positions for longer time and you cannot hedge with them...
NEVER EVER hedge a position. take your lickens like a man and move on to your next trade. Ask our resident nAVIN2007 about hedging. He can give you a good low down on that issue.

Professional hedging involves two currencie pairs. NOT ONE.
Just digging in the trenches like everyone else!
  • #109,897
  • Jan 7, 2009 2:40pm Jan 7, 2009 2:40pm
Quoting mpurdy1973
do they allow you to hedge?
can you close part of your trade and keep the rest on?
yes, I can close part of my trade and leave the rest on the table. Do it all the time. As to hedging, read my prior post NEVER HEDGE. they don't allow it also
Just digging in the trenches like everyone else!
  • #109,898
  • Jan 7, 2009 2:42pm Jan 7, 2009 2:42pm
Quoting JanPoko
But, not to be just too positive, they also have some minuses. Swaps are terrible, almost disabling holding positions for longer time and you cannot hedge with them...
Something else that is a negative, they have a variable spread. there are time I can get in for 1/10th of a pip. Others, I might see 12 pip spreads in thin markets (thus why I have two brokers) On top of the spread, you have commission in and commission out due to the broker.
Just digging in the trenches like everyone else!
  • #109,899
  • Jan 7, 2009 2:42pm Jan 7, 2009 2:42pm
Quoting mpurdy1973
do they allow you to hedge?
can you close part of your trade and keep the rest on?
No, you cannot hedge.
Yes, you can close per partes.

To: Eoheater:
What is beta navigator? Where did you get it? Is it normally downloadable from their web? And are you using it for real trading too? Thnks.
  • #109,900
  • Jan 7, 2009 2:50pm Jan 7, 2009 2:50pm
Quoting JanPoko
No, you cannot hedge.
Yes, you can close per partes.

To: Eoheater:
What is beta navigator? Where did you get it? Is it normally downloadable from their web? And are you using it for real trading too? Thnks.
It's on the bottom of this link. I'm sorry, it's not beta, it's called alpha.

http://www.mbtrading.com/forexDownloads.aspx

I use a different program for my charting. I do look at their charts though.
Just digging in the trenches like everyone else!
829 traders viewing now