Cable Update (GBPUSD) | Page 5740 | 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)

  • #114,781
  • Jan 25, 2009 3:10pm Jan 25, 2009 3:10pm
Quoting dRunKen aRmy
i think what she meant was she can afford to lose the money on that trade..
but she can close the trade right now..n the reason is,it is still offline..
I'd speculate that it's more of a case of not wanting to hone up to a loss.

As recently as a week ago, mkt had touched 149 before crashing to 135.
200 pips loss is bad enough, but 1000+ pips is, well, hard to understand.

I'm afraid I must claim ignorance and I appologize because I cannot grasp
the reasoning behind a full size lot running negative 1300 pips or more.
Also, 50%+ drawdown on ONE TRADE just doesn't look right.

Everybody has their own way of doing things, but I just can't quite get it.
Sorry.
  • #114,782
  • Jan 25, 2009 3:12pm Jan 25, 2009 3:12pm
Quoting Chris_35
Feel good factor should return to the positive for GBP/USD in the summer of 2010 when England win the World Cup
england win the world cup??what kind of cup??cup cakes??haha..
  • #114,783
  • Jan 25, 2009 3:12pm Jan 25, 2009 3:12pm
Quoting PipLand
I agree this is very good advice and is the safest option.

My view of the GBP/USD is that in the very short term we could see down to 1.3735 again and then back up to 1.4050 level maybe as soon as this week, if this level is broken we could see as high as 1.44xx. I very much doubt we will go higher than 1.44xx before falling down again hard! This is only my personal view of the market, bear in mind there is also a lot of data coming out of the US this week and this can change things drastically in an instant.
Whenever you decide to close out this...
ok, than i look foward to close my deal on 1.44 at least but not now !!! Thank you for your oppinion !!! Good luck everyone !!!!
  • #114,784
  • Jan 25, 2009 3:16pm Jan 25, 2009 3:16pm
I have replied ZuZuFx.
1.4460 is a resistance level on my chart as well. Cud be a long time though, do you think your account can handle another 2000 odd drop?
  • #114,785
  • Jan 25, 2009 3:21pm Jan 25, 2009 3:21pm
Quoting ZuZuFx
ok, than i look foward to close my deal on 1.44 at least but not now !!! Thank you for your oppinion !!! Good luck everyone !!!!
Your welcome. Remember its only my view, if we go below 1.3600 then I would change my opinion and say we will head much further down before any bounce, good luck again
  • #114,786
  • Jan 25, 2009 3:22pm Jan 25, 2009 3:22pm
Quoting ZuZuFx
ok, than i look foward to close my deal on 1.44 at least but not now !!! Thank you for your oppinion !!! Good luck everyone !!!!
good luck to you too..but before that..my opinion is why dont you change to new broker..i look at iforex,the spread is quite big..19pips??or is it because it is weekend??
  • #114,787
  • Jan 25, 2009 3:22pm Jan 25, 2009 3:22pm
Quoting fry2010
I have replied ZuZuFx.
1.4460 is a resistance level on my chart as well. Cud be a long time though, do you think your account can handle another 2000 odd drop?
maybe not , but i will deposit until she start to go up ......
  • #114,788
  • Jan 25, 2009 3:22pm Jan 25, 2009 3:22pm
Short @ 1.3787 s/l moved to +3
  • #114,789
  • Jan 25, 2009 3:26pm Jan 25, 2009 3:26pm
I hope it all works out well for you.

Chris are you trading now?
  • #114,790
  • Jan 25, 2009 3:26pm Jan 25, 2009 3:26pm
Quoting toshi
I'd speculate that it's more of a case of not wanting to hone up to a loss.

As recently as a week ago, mkt had touched 149 before crashing to 135.
200 pips loss is bad enough, but 1000+ pips is, well, hard to understand.

I'm afraid I must claim ignorance and I appologize because I cannot grasp
the reasoning behind a full size lot running negative 1300 pips or more.
Also, 50%+ drawdown on ONE TRADE just doesn't look right.

Everybody has their own way of doing things, but I just can't quite get it.
Sorry.
Ok , i am a ignorant ....you are whrite .....but i ask about something else ....When she prob. go back to 1. 51 and how deep she can go ? That's it ! Thanks everyone !
  • #114,791
  • Jan 25, 2009 3:27pm Jan 25, 2009 3:27pm
Quoting fry2010
I hope it all works out well for you.

Chris are you trading now?
Yes I am with I G Markets
  • #114,792
  • Jan 25, 2009 3:30pm Jan 25, 2009 3:30pm
Quoting PipLand
Your welcome. Remember its only my view, if we go below 1.3600 then I would change my opinion and say we will head much further down before any bounce, good luck again
Thank you Pip and good luck to you ! I just ask this because next week i go to Dubai for a week and i am afraid i do not have internet there ....but i can be wrong ....i will take my laptop with me...
  • #114,793
  • Jan 25, 2009 3:31pm Jan 25, 2009 3:31pm
Quoting dRunKen aRmy
good luck to you too..but before that..my opinion is why dont you change to new broker..i look at iforex,the spread is quite big..19pips??or is it because it is weekend??
it's weekend....
  • #114,794
  • Jan 25, 2009 3:35pm Jan 25, 2009 3:35pm
Quoting Chris_35
Yes I am with I G Markets
My platform price opened @1.3810 (21.00 GMT) and is 1.3757 as I type
  • #114,795
  • Jan 25, 2009 3:36pm Jan 25, 2009 3:36pm
Quoting Chris_35
My platform price opened @1.3810 (21.00 GMT) and is 1.3757 as I type
Thank you very much for you time !!!! Good luck on your trades !!!!
  • #114,796
  • Jan 25, 2009 3:37pm Jan 25, 2009 3:37pm
Quoting ZuZuFx
it's weekend....
owh..sorry about that..i'm starting to blur rite now..haven't sleep n its already morning here..early morning i mean..good luck to you..
  • #114,797
  • Jan 25, 2009 3:38pm Jan 25, 2009 3:38pm
FRY 2010 ....Thank's for advice !!!!! Good luck to you !!!!
  • #114,798
  • Jan 25, 2009 3:41pm Jan 25, 2009 3:41pm
Quoting dRunKen aRmy
owh..sorry about that..i'm starting to blur rite now..haven't sleep n its already morning here..early morning i mean..good luck to you..
Good luck to you too....
  • #114,799
  • Jan 25, 2009 3:52pm Jan 25, 2009 3:52pm
Thanks ZuZu.

I cant send you image with message, so I post what I mean here.

The first picture shows your trade. Price has to go higher with a single entry to make profit.

Second picture is with a multi-entry method. Price doesnt have to go as high for you to profit. Risk is reduced, seeming as you can handle drawdown the way you can.

Please note that they are rough images, I havnt worked out the exact prices needed to make profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: single-entry.gif Size: 26 KB
Click to Enlarge Name: multi-entry.gif Size: 28 KB
  • #114,800
  • Jan 25, 2009 4:01pm Jan 25, 2009 4:01pm
Quoting fry2010
Thanks ZuZu.

I cant send you image with message, so I post what I mean here.

The first picture shows your trade. Price has to go higher with a single entry to make profit.

Second picture is with a multi-entry method. Price doesnt have to go as high for you to profit. Risk is reduced, seeming as you can handle drawdown the way you can.

Please note that they are rough images, I havnt worked out the exact prices needed to make profit.
Thank you very much for your time and good luck to you !
677 traders viewing now, 6 are registered:
ayazjee4
,
,
,
,
ffloser
,
SamMarkus