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Cable Update (GBPUSD)

  • #114,861
  • Jan 25, 2009 4:10pm Jan 25, 2009 4:10pm
Quoting Chris_35
Nice call
thanks. got closed out, made 30 pips
  • #114,862
  • Jan 25, 2009 4:12pm Jan 25, 2009 4:12pm
pin bar on gbpusd
Long 1.3610,sl 1.3565,tp 1.3760......if it gives me 80p move sl to break even...if it gives me 120p lock 80p..hold there...move your tp to 1.3890....
  • #114,863
  • Jan 25, 2009 4:15pm Jan 25, 2009 4:15pm
This isn't looking nearly as bad as it was.

Next few hours should be constructive.
Attached Image (click to enlarge)
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  • #114,864
  • Jan 25, 2009 4:17pm Jan 25, 2009 4:17pm
Quoting laromanell
You can clearly see from my graph that there was no gap between friday and monday.
your broker opens too early
ROBOT FOREX
  • #114,865
  • Jan 25, 2009 4:22pm Jan 25, 2009 4:22pm
Quoting Forbes55
your broker opens too early
I prefer to be up to date, removes a bias from my trading.
e.g. around 90% of the gaps are usually covered, so when I am looking to open a position it is one of the factors that can affect my trade.
  • #114,866
  • Edited 4:44pm Jan 25, 2009 4:27pm | Edited 4:44pm
Got to pick a side. Lot's of opportunity to make money, either way it goes.

Personally, I think they'll bid it back up a bit, even if just to slam it down harder.

I'd let loose of shorts for a little while and wait for the downtrend to resume.

There's plenty of time.
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  • #114,867
  • Jan 25, 2009 4:40pm Jan 25, 2009 4:40pm
Quoting Forbes55
your broker opens too early
No I think that your Broker opens rather late. I have been trading since my broker opened at 21.00 hours GMT
  • #114,868
  • Jan 25, 2009 4:43pm Jan 25, 2009 4:43pm
Quoting toshi
Got to pick a side. Lot's of opportunity to make money, either way it goes.
Got to pick a side. Lot's of opportunity to Loose money, either way it goes.
He He
  • #114,869
  • Edited 5:02pm Jan 25, 2009 4:50pm | Edited 5:02pm
Quoting Chris_35
Got to pick a side. Lot's of opportunity to Loose money, either way it goes.
He He

You got a good point. Upside and downside.

Only exception is if you're some dude from Romania pretending to be a girl.
Then there's no hope. Such a senario has only one outcome and it's doomed.
No upside potential. No wonder the British Pound is so weak. Geez !

Gordon Brown now has a scapegoat: the vampires from Bucharest.

BTW here's a clip of UK Prime Minister Brown picking his nose AND eating buggers
sometime last year whilst listening to Tony Blair lie about something or another.

Inserted Video


Yet another reason for Pound weakness. The PM shouldn't eat buggers.
This was probably worth 400 or 500 pips just because he ate them instead of
rolling them real tight and flicking them the way Margret Thatcher used to.
Anyone remember Maggie flicking buggers ?
  • #114,870
  • Jan 25, 2009 4:54pm Jan 25, 2009 4:54pm
Quoting laromanell
I prefer to be up to date, removes a bias from my trading.
e.g. around 90% of the gaps are usually covered, so when I am looking to open a position it is one of the factors that can affect my trade.
You are rigth but sometime it could take 2 or 3 days before it fill the gap I did get burn on the past so I'm pretty careful now with the gap strategy, One thing I notice is when the gap is more close to a 100 pip it kind a take few days and sometime dont gey fill, but 50 pip and less it get fill most of the time during the opening session.

Just a thougth.
  • #114,871
  • Jan 25, 2009 4:58pm Jan 25, 2009 4:58pm
Resistance around 1.3700 - 1.3710. Good place for a short if ur not already in.
  • #114,872
  • Jan 25, 2009 5:08pm Jan 25, 2009 5:08pm
Quoting Lejumeau
You are rigth but sometime it could take 2 or 3 days before it fill the gap I did get burn on the past so I'm pretty careful now with the gap strategy, One thing I notice is when the gap is more close to a 100 pip it kind a take few days and sometime dont gey fill, but 50 pip and less it get fill most of the time during the opening session.

Just a thougth.
Completely agree with. That's why it is just one of the factors, and surely not the most important one.
  • #114,873
  • Jan 25, 2009 5:38pm Jan 25, 2009 5:38pm
Cable always 3 pip spread on I.G. So why the F*** they suddenly make it 6 pips?????
  • #114,874
  • Jan 25, 2009 5:40pm Jan 25, 2009 5:40pm
4 pips for Alpari. Brokers have been putting up the spread for some reason, maybe i.g. had held it back?
Also do u do spread betting with them chris?
  • #114,875
  • Jan 25, 2009 5:43pm Jan 25, 2009 5:43pm
Quoting fry2010
4 pips for Alpari. Brokers have been putting up the spread for some reason, maybe i.g. had held it back?
Also do u do spread betting with them chris?
I need to be making money for the tax advantages of spread betting
  • #114,876
  • Jan 25, 2009 5:49pm Jan 25, 2009 5:49pm
lol, fair enuf. I need to have more money to even be able to do spread betting myself. I can only find ones that do a whole pound a pip! Nothing less!
Also I have heard that at some point they may actually put tax on profit from spread betting in the future. Cant remember where I read that.
Can u imagine it though, earning serious cash and never paying tax! Crazy.
  • #114,877
  • Jan 25, 2009 5:55pm Jan 25, 2009 5:55pm
Quoting Chris_35
I need to be making money for the tax advantages of spread betting
If I can make up my losses and reach my Annual allowance of £9,600 then I would consider the bet spreading. With my performance over recent months thats a big if.

Are you spread betting and if so do you find it different in any way?
  • #114,878
  • Jan 25, 2009 6:03pm Jan 25, 2009 6:03pm
Quoting toshi
You got a good point. Upside and downside.

Only exception is if you're some dude from Romania pretending to be a girl.
Then there's no hope. Such a senario has only one outcome and it's doomed.
No upside potential. No wonder the British Pound is so weak. Geez !

Gordon Brown now has a scapegoat: the vampires from Bucharest.
should b scapipigoat dont it hehe..this is homemade fun dad
  • #114,879
  • Jan 25, 2009 6:03pm Jan 25, 2009 6:03pm
No i cant afford spread betting at a pound a pip. I very rarely scalp, so i couldnt handle the draw down.

I wud deffinatly consider it once Im basically trading that amount on normal broker, unless of course they dont keep it tax free.

Hope u make it profitable too this year, fellow countryman.
  • #114,880
  • Jan 25, 2009 6:15pm Jan 25, 2009 6:15pm
Quoting fry2010
No i cant afford spread betting at a pound a pip. I very rarely scalp, so i couldnt handle the draw down.

I wud deffinatly consider it once Im basically trading that amount on normal broker, unless of course they dont keep it tax free.

Hope u make it profitable too this year, fellow countryman.
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