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Cable Update (GBPUSD)

  • #139,421
  • Jun 23, 2009 10:25am Jun 23, 2009 10:25am
Quoting alex1976
Malcomb, wheres your first dip to look for long?

maybe a nice low vol test 6400 on a retrace
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  • #139,422
  • Jun 23, 2009 10:29am Jun 23, 2009 10:29am
Quoting malcolmb14
maybe a nice low vol test 6400 on a retrace

I know its way too early to say, but there maybe hammer on 1hr to start the retrace?
  • #139,423
  • Jun 23, 2009 10:39am Jun 23, 2009 10:39am
Quoting alex1976
I know its way too early to say, but there maybe hammer on 1hr to start the retrace?

yes right in that 6475 resis zone ... where we might expext to see sellers.

I am not shorting .. not today . Would rather miss the pips than swim upstream

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  • #139,424
  • Jun 23, 2009 10:47am Jun 23, 2009 10:47am
Nobody at all familiar with protrading UK???!!!




---------
+118pips this week
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  • #139,425
  • Jun 23, 2009 10:57am Jun 23, 2009 10:57am
I must say I dont feel like I have missed anything....at all in the markets today...I have recovered my losses + 60 pips all in all..

Thanks for your support guys
Bullbear..Wormboy..

May you make loads of pips..Thanks for calming me down
Let Price determine your future!
  • #139,426
  • Jun 23, 2009 11:08am Jun 23, 2009 11:08am
still according to my plan, retrace to 1.6466
already make a short @ 1.6450 tp 1.6150 stop loss 1.6550
Just Newbie Need Guidance From The Expert
  • #139,427
  • Jun 23, 2009 11:12am Jun 23, 2009 11:12am
Quoting simoneg
Nobody at all familiar with protrading UK???!!!




---------
+118pips this week
I used CMC for spreadbetting - 2 pips spread !

and no tax on profits


Its identical to the US forex systems but termed 'betting' so it avoids tax

In the US it would have the pilgrims horrified and circling their wagons to prevent this work of the devil
  • #139,428
  • Jun 23, 2009 11:14am Jun 23, 2009 11:14am
Quoting NoviceInd
still according to my plan, retrace to 1.6466
already make a short @ 1.6450 tp 1.6150 stop loss 1.6550
6550 test is on way .. 15 min low vol test , did not even retrace 20 pips.

Picked up new longs gu and gj now both stops be

tareget 6500 gj , maybe higher , gj 157.,

Expect some draw down and hope that UTL holds. buyers are coming in every dip GU today
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  • #139,429
  • Jun 23, 2009 11:16am Jun 23, 2009 11:16am
Quoting allserene
I used CMC for spreadbetting - 2 pips spread !

and no tax on profits


Its identical to the US forex systems but termed 'betting' so it avoids tax

In the US it would have the pilgrims horrified and circling their wagons to prevent this work of the devil

cmc crocks .....

In spread betting you are betting against the house .. win to much and they will find all kinds of ways to shut you out of trades . They did me. !!!
Blogging daily now at www.volume.zone
  • #139,430
  • Jun 23, 2009 11:17am Jun 23, 2009 11:17am
Quoting Geppyg
I must say I dont feel like...

Don't forget to lock the gains my friend. No breakout yet so this could go back down just as fast.
Good luck.
Thank You
  • #139,431
  • Jun 23, 2009 11:22am Jun 23, 2009 11:22am
Quoting allserene
I used CMC for spreadbetting - 2 pips spread !

and no tax on profits


Its identical to the US forex systems but termed 'betting' so it avoids tax

In the US it would have the pilgrims horrified and circling their wagons to prevent this work of the devil
Ok, i see...can you comment on the legitimacy of the course they have where they allow you to trade their funds live and pay you a commission?
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  • #139,432
  • Jun 23, 2009 11:35am Jun 23, 2009 11:35am
Quoting alex1976
Malcomb, wheres your first dip to look for long?
Alex, check my chart to see where is buy deep.

GoodLuck.


Angelina.
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  • #139,433
  • Jun 23, 2009 11:37am Jun 23, 2009 11:37am
Angelina, any plans or just waiting for a decent pullback before going long?
  • #139,434
  • Jun 23, 2009 11:37am Jun 23, 2009 11:37am
Quoting allserene
The hourly chart on EU/USD looks - well, silly !

So we have the usual dilemma- do we say this is unsustainable and must fall back - or do we say lets not get in front of this train

I am short too on that pair but taking extreme care

I shorted E/U 4100 now sl BE my target @ 4055-60

GoodLuck thou

Angelina.
  • #139,435
  • Jun 23, 2009 11:39am Jun 23, 2009 11:39am
Quoting simoneg
Ok, i see...can you comment on the legitimacy of the course they have where they allow you to trade their funds live and pay you a commission?
never heard of that one !

I used to check their live forex rates with other brokers and there was no difference

To me , it was just the same as OANDA which I use now

Never had a problem opening and closing trades

I use scottrade for shares and their stop losses kick in after an eternity after the stop line is crossed

CMC didnt guarantee a stop to the pip but I never had a significant problem - probably because I am full time and trade manual most of the time - so I stop myself out faster than their computer - so long as the cat isnt walking in front of the screen - it can sense tension and it does that when i want to place an important trade !
  • #139,436
  • Jun 23, 2009 11:39am Jun 23, 2009 11:39am
Quoting alex1976
Angelina, any plans or just waiting for a decent pullback before going long?

I am trading on E/J(in trade 160 pips so far) and E/U and G/J and E/G and U/J also that is why if G/U dont give me good signal I trade with other pairs thou.

I dont do long trade that much unless good signal, I just do 30-50 pips/ day spend couple hours and I go out for fun and not worry about my trade.


Good Luck to you Alex.


Angelina.
  • #139,437
  • Jun 23, 2009 11:44am Jun 23, 2009 11:44am
Quoting MoeFx
long at 1.6273, s/l 1.6200, t/p 1.6468
t/p hit now looking to go short, will keep you posted
  • #139,438
  • Jun 23, 2009 11:48am Jun 23, 2009 11:48am
Quoting Angelina
I am trading on E/J(in trade 160 pips so far) and E/U and G/J and E/G and U/J also that is why if G/U dont give me good signal I trade with other pairs thou.

I dont do long trade that much unless good signal, I just do 30-50 pips/ day spend couple hours and I go out for fun and not worry about my trade.


Good Luck to you Alex.


Angelina.
I had stuck with G/U but i have gottn my fingrs burnt lately, too many volatility, i think it will be a priviledge to trade few of ur pairs, ure pretty accurate with anaylisis, i must say I admire ur style. Keep it up pls.
  • #139,439
  • Jun 23, 2009 12:12pm Jun 23, 2009 12:12pm
Quoting mjay
I had stuck with G/U but i have gottn my fingrs burnt lately, too many volatility, i think it will be a priviledge to trade few of ur pairs, ure pretty accurate with anaylisis, i must say I admire ur style. Keep it up pls.
I like volatility in an uncertain market

When it goes too much one way and dithers for an hour or two and starts to retrace - I use that as my trigger and direction

A fearful market is retracing market

Of course it obeys fibs and the other technicals when it retraces, but the fact that the market nearly always over reacts and over shoots is what I rely on

I would prefer the 2005 market where it plods up and up every day - but we wont see that for a while i reckon
  • #139,440
  • Jun 23, 2009 12:16pm Jun 23, 2009 12:16pm
Quoting allserene
never heard of that one !

I used to check their live forex rates with other brokers and there was no difference

To me , it was just the same as OANDA which I use now

Never had a problem opening and closing trades

I use scottrade for shares and their stop losses kick in after an eternity after the stop line is crossed

CMC didnt guarantee a stop to the pip but I never had a significant problem - probably because I am full time and trade manual most of the time - so I stop myself out faster than their computer - so long as the cat isnt walking...
Ok Thanks Much Allserene!
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