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Cable Update (GBPUSD)

  • #113,301
  • Jan 20, 2009 3:57pm Jan 20, 2009 3:57pm
gone long

its a hedge on my US dollar holdings if nothing else

If I lose 10k on forex, i make 10k on my dollars in the bank and wire em to the uk in gbp

problem solved
  • #113,302
  • Jan 20, 2009 3:58pm Jan 20, 2009 3:58pm
Dude, you think the future has arrived in Europe?? Fark me, it looks bleak then....

Can't you use the SB account there then? (encoded SB for the benefit of the FBI)


Quoting allserene
The entire financial industry in the USA is somewhere back in 1956 with a lot of checks (cheques) being used and the inability to send joe bloggs a credit through the bank free of charge without having to use wire transfers at cost

The stock market is wall to wall regulations but the big advantage is there is no stamp duty !!!! $7 per trade and thats that

I usually trade 10k so thats peanuts man and allows me to lose tens of thousands at minimum commission cost


I do miss spreadbetting - 2 pips spread and no tax- and top up using your...
Ride the Bulls bearback!
  • #113,303
  • Jan 20, 2009 4:02pm Jan 20, 2009 4:02pm
Quoting eohater
Is anyone considering long as an option anymore, or is short the only way you guys see? I'm seeing an opportunity for a long back to the bottom of the wedge for another nice fall. My 1h has my 50/62 sitting at the bottom of the wedge for a nice push back down. We have just fallen over 1000 pips and broke the wedge on the daily.
That's a 300 point rally. Would be a great place to short but have to get through the UTL on the 5m TF at about 1.393 then the biggie. The 1.4 psyc level.

Stranger things have happened.
  • #113,304
  • Jan 20, 2009 4:03pm Jan 20, 2009 4:03pm
I would sacrififice my dinner right now to join you long, but I can't help seeing the same scenario playing out tonight when the asian session opens and they see the USD having bullied the others all day and Dow having been smacked. The short asian squad are likely to keep testing the profit limits of the Europeans and quite frankly I expect that in this case they have set stops and not TP's so once the fancy bottom gives, the next target down is going to be too easy. I am not in a trade, just bored tonight and intrigued to see..


Quoting eohater
Is anyone considering long as an option anymore, or is short the only way you guys see? I'm seeing an opportunity for a long back to the bottom of the wedge for another nice fall. My 1h has my 50/62 sitting at the bottom of the wedge for a nice push back down. We have just fallen over 1000 pips and broke the wedge on the daily.
Ride the Bulls bearback!
  • #113,305
  • Jan 20, 2009 4:03pm Jan 20, 2009 4:03pm
u no that 1.3900 level? well 'THAR SHE BLOW!'
  • #113,306
  • Jan 20, 2009 4:05pm Jan 20, 2009 4:05pm
Ok. I take back all that positive shit about IG... Watching that late fall, I try to log back in and they have alockout on the system
Ride the Bulls bearback!
  • #113,307
  • Jan 20, 2009 4:05pm Jan 20, 2009 4:05pm
Who woke the BEAR?? Come on she was sleep so nicely.
  • #113,308
  • Jan 20, 2009 4:06pm Jan 20, 2009 4:06pm
Quoting alcando
I have never had SL slippage with them, so I never pay the addon for guarantees.

I had one long today tho... Thought it was risky scalp at 13900 with potential... The system hung on entry and price turned against me on entry so I was annoyed. Closed the application and when I returned later, the SL should have been tapped but hadn't and I closed it in time on the 61.8 fib for 50 pips profit.. Al 50: IG 0.

PS. They called me up and invited me to lunch this week. Do you think I am overtrading...?
I think I may be paying for your lunch.

Normaly runs 2 pips above the chart feed I use (fxcm) but has taken me out after moving -2/3 pips to chart, chart never reaching that price. just my experience. platform wont let me turn +3 s/l off, guess thats a 6pip spread then. think its acc type I have.
  • #113,309
  • Jan 20, 2009 4:06pm Jan 20, 2009 4:06pm
Quoting fry2010
u no that 1.3900 level? well 'THAR SHE BLOW!'
just like yesterday
  • #113,310
  • Jan 20, 2009 4:08pm Jan 20, 2009 4:08pm
lol maybe there was a 500 pip limit and they had to wait for the end of day.
  • #113,311
  • Jan 20, 2009 4:08pm Jan 20, 2009 4:08pm
Wow. Had some shorts still on but missed adding at the UTL @ 3940. May still get back up there soon.
  • #113,312
  • Jan 20, 2009 4:09pm Jan 20, 2009 4:09pm
Long from 13806..
  • #113,313
  • Jan 20, 2009 4:10pm Jan 20, 2009 4:10pm
i just got home wtf just happened????
  • #113,314
  • Jan 20, 2009 4:10pm Jan 20, 2009 4:10pm
well alpari havnt done me any favours either, price gone 3 pips past my TP, and its still in play!
anyone think i shud close it?
  • #113,315
  • Jan 20, 2009 4:11pm Jan 20, 2009 4:11pm
Quoting Si Tr4d3r
Long from 13806..

Way to go. Great entry. Covered some of my shorts @ 13815 & 13825. Looking to add more shorts higher.

Good luck and way to pick it.
  • #113,316
  • Jan 20, 2009 4:12pm Jan 20, 2009 4:12pm
Quoting Si Tr4d3r
Long from 13806..
nice grab.
  • #113,317
  • Jan 20, 2009 4:13pm Jan 20, 2009 4:13pm
Quoting PipLand
i just got home wtf just happened????
end of day dip like yesterday.
  • #113,318
  • Jan 20, 2009 4:13pm Jan 20, 2009 4:13pm
Quoting alcando
Dude, you think the future has arrived in Europe?? Fark me, it looks bleak then....

Can't you use the SB account there then? (encoded SB for the benefit of the FBI)
nope it's the wild west man - they have poker tables in the back rooms in the pubs (check your firearms at the door signs)

Big hats and wild west moustaches and ties

I am not kidding either

you say excuse me to everyone and smile - and dont cross your legs like a european or else

My long was a bit too soon - only meant to be a quick scalp but even thats not possible
  • #113,319
  • Jan 20, 2009 4:13pm Jan 20, 2009 4:13pm
Quoting SmoothTrader
Way to go. Great entry. Covered some of my shorts @ 13815 & 13825. Looking to add more shorts higher.

Good luck and way to pick it.
Sorry..My Bad. I wish,

was to busy reading the forum, think I'm sidlined for now and gonna go watch jack bauer kick some ass..
  • #113,320
  • Jan 20, 2009 4:14pm Jan 20, 2009 4:14pm
Quoting allserene
nope it's the wild west man - they have poker tables in the back rooms in the pubs (check your firearms at the door signs)

Big hats and wild west moustaches and ties

I am not kidding either

you say excuse me to everyone and smile - and dont cross your legs like a european or else
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