Cable Update (GBPUSD) | Page 5680 | 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)

  • #113,581
  • Jan 21, 2009 8:54am Jan 21, 2009 8:54am
Quoting alcando
Just a heads up. There is a large value $7B options expiry due to expire on the turn of the hour on USDJPY at 90.00. There is much speculation that the price will move down aggressively after this dragging cable and stocks with it. I will watch for it in the short squad as we are at the top of this TL in cable now too and hanging around a fib..
Just a word of caution.
Over the last two days U/j has had an inverse relationship with G/U,Pure dollar value.
  • #113,582
  • Jan 21, 2009 8:55am Jan 21, 2009 8:55am
Quoting fry2010
I didnt think swing trading had anything to do with leverage did it?
LEVERAGE - [FONT='times new roman', times, serif]Understand the difference between Retail Leverage and TRUE Leverage. Retail leverage is what you are sold, if a forex broker tells you that they offer 200:1 leverage. What they are referring to is the Mini platform that uses $50 per lot to trade $10,000. Thus $50 x 200 = $10,000. First and foremost, NOBODY in the world can trade with such high leverage in reality. For our trading plan we use 4:1 leverage, this means that we trade 4 lots against a $10,000 account. So the TRUE leverage is 4 lots x $10,000 = $40,000 or only 4 times our equity. Using the demo $50,000 platform means your only trading $200k or 2 lots against your equity balance. This is 4:1 leverage because your only trading 4 times the value of your account. $50,000 (demo) x 4 = $200,000. This is know as true leverage[/font]
  • #113,583
  • Jan 21, 2009 8:56am Jan 21, 2009 8:56am

Overuse of leverage is the No. 1 reason
why people lose money in the forex market.
Not controlling speed of market due to over use of leveraging tool. The lower the leverage factor (or Gear ratio), the slower the move. Gear ratio is a good way to understand leverage. If you have a car in 10th gear it will go much faster than if its in first gear. The higher the leverage or gear, the faster the speed and the less time to react. It is the same thing with Forex: the more lots, the faster the speed; each lot increases leverage or gear ratio. Please keep in mind that high leverage can lead to large losses as well as gains.
  • #113,584
  • Jan 21, 2009 8:56am Jan 21, 2009 8:56am
the swing trade maybe give some profits in very short term, but it's too dangerous in trend line, if swing trade, we must put a very narrow stop loss.
The market is always right, but it is not never wrong!!!
  • #113,585
  • Jan 21, 2009 8:57am Jan 21, 2009 8:57am
Quoting Professor4x
Swing -Trader will identify session swings to take advantage of small movements during the trading session. Will target small profits numerous times rather than hold for directional breakouts which reduces exposure risk. Risk is always measured by the duration of investment, the shorter the term, the lower the risk, the lower the return
That's not how swing trading is defined by most.. But if that's what you call it...
Patience + Discipline - Greed = Success
  • #113,586
  • Jan 21, 2009 8:58am Jan 21, 2009 8:58am
Quoting jay9170
Could head up to test 1.40 area here, way oversold.

I don't know...I think it's coming back down.
Probably a retrace will take place in the next hour just like in the past three days.
  • #113,587
  • Jan 21, 2009 8:59am Jan 21, 2009 8:59am
Quoting Professor4x
[left][size=2][color=#001596]Overuse of leverage is the No. 1 reason
why people lose money in the forex market.
[size=3]
Not controlling speed of market due to over use of leveraging tool. The lower the leverage factor (or Gear ratio), the slower the move....
the best explanation ever
may the gods of the market bless you with pips
  • #113,588
  • Jan 21, 2009 9:00am Jan 21, 2009 9:00am
Quoting guardians
the swing trade maybe give some profits in very short term, but it's too dangerous in trend line, if swing trade, we must put a very narrow stop loss.
You're right!
I think that's too dangerous at this moment.
  • #113,589
  • Jan 21, 2009 9:01am Jan 21, 2009 9:01am
look out USDJPY drop like rock. Maybe it go higher.
  • #113,590
  • Jan 21, 2009 9:04am Jan 21, 2009 9:04am
Quoting alcando
Just a heads up. There is a large value $7B options expiry due to expire on the turn of the hour on USDJPY at 90.00. There is much speculation that the price will move down aggressively after this dragging cable and stocks with it. I will watch for it in the short squad as we are at the top of this TL in cable now too and hanging around a fib..

Spot on!
  • #113,591
  • Jan 21, 2009 9:05am Jan 21, 2009 9:05am
yeah did u trade that alcando and where did u find that out?
  • #113,592
  • Jan 21, 2009 9:06am Jan 21, 2009 9:06am
Quoting Infinity
That's not how swing trading is defined by most.. But if that's what you call it...
maybe its ahybrid of scalping and swing.100% guaranteed Ill bet.
  • #113,593
  • Jan 21, 2009 9:06am Jan 21, 2009 9:06am
short 3849. Touch of the 4h 5sma, 15m 62ema, and appears general resistance level. Locked in
  • #113,594
  • Jan 21, 2009 9:09am Jan 21, 2009 9:09am
cannot believe that Yen drop like a rock, and GBP is allso drop????
The market is always right, but it is not never wrong!!!
  • #113,595
  • Jan 21, 2009 9:10am Jan 21, 2009 9:10am
Any news why jpy dropping like rock looking for entry in g/y long
  • #113,596
  • Jan 21, 2009 9:10am Jan 21, 2009 9:10am
So GBPUSD was being dragged along with USDJPY because of some position had not been released yet? That is a bit strange. That caught me out big time.
  • #113,597
  • Jan 21, 2009 9:11am Jan 21, 2009 9:11am
Quoting fry2010
look out USDJPY drop like rock. Maybe it go higher.

I think it would go lower but it's moving so slow.
I could have a nap
  • #113,598
  • Jan 21, 2009 9:14am Jan 21, 2009 9:14am
Start looking for a place to get long the g/u.
  • #113,599
  • Jan 21, 2009 9:15am Jan 21, 2009 9:15am
IN g/y long 123.63 stop below day low 22.80 target 124.63
  • #113,600
  • Jan 21, 2009 9:18am Jan 21, 2009 9:18am
I went short 1.3850.
Attached Image (click to enlarge)
Click to Enlarge Name: 210109.gif Size: 79 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
1,036 traders viewing now, 3 are registered:
,
shaban010
,