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Cable Update (GBPUSD)

  • #140,361
  • Jun 25, 2009 10:33pm Jun 25, 2009 10:33pm
Quoting mikkom
Get ECN account, interactive brokers requires 10k and shows market depth (I have used them in the past), mbtrading requires less and provides market depth (as far as I know) too.

The market is not centralized so you see only a portion of the total market - you could also use currency futures.
Does IB have good charting software?,
  • #140,362
  • Jun 25, 2009 10:34pm Jun 25, 2009 10:34pm
Quoting pjpipster
Does IB have good charting software?,
No - In fact it's quite awful

When I traded with them I used MT4 demo from other place as my charting tool.
  • #140,363
  • Jun 25, 2009 10:48pm Jun 25, 2009 10:48pm
Quoting mikkom
No - In fact it's quite awful

When I traded with them I used MT4 demo from other place as my charting tool.
Cheers Mikkom.

Us newbies need help from the more experience traders and I appreciate your advice, hopefully one day I can pass it on.
  • #140,364
  • Jun 25, 2009 10:59pm Jun 25, 2009 10:59pm
Added another long at 1.6382..
  • #140,365
  • Jun 25, 2009 11:53pm Jun 25, 2009 11:53pm
Quoting malcolmb14
another awesome post !!! thanks
1.6335 will be my target for today from 1.6435...for 100pips H1...

as mentioned GU H1 is my favourate target with max 100pips and M15 is my entry point...

Since my resting time...am just putting my 10 sen to see how she react ..

Good luck..
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  • #140,366
  • Jun 26, 2009 12:15am Jun 26, 2009 12:15am
Quoting grashid
1.6335 will be my target for today from 1.6435...for 100pips H1...

as mentioned GU H1 is my favourate target with max 100pips and M15 is my entry point...

Since my resting time...am just putting my 10 sen to see how she react ..

Good luck..
but why then it's going up instead of falling now?
ROBOT FOREX
  • #140,367
  • Jun 26, 2009 12:19am Jun 26, 2009 12:19am
Quoting Forbes55
but why then it's going up instead of falling now?
Cause he's wrong. I made the bull call at 1.6300 and at 1.6360 when it was crashing yesterday and everyone was thinking I was crazy to buy when there was so much selling pressure.

Now they know what I mean...
  • #140,368
  • Jun 26, 2009 12:23am Jun 26, 2009 12:23am
Brov....am loving this move........Came back to get some more short...bless cable.......It thought how can we miss out ......
Let Price determine your future!
  • #140,369
  • Jun 26, 2009 12:25am Jun 26, 2009 12:25am
Quoting Geppyg
Brov....am loving this move........Came back to get some more short...bless cable.......It thought how can we miss out ......
BE careful my friend, we are heading way pass 1.6600.
  • #140,370
  • Jun 26, 2009 12:25am Jun 26, 2009 12:25am
Quoting Ipips
Cause he's wrong. I made the bull call at 1.6300 and at 1.6360 when it was crashing yesterday and everyone was thinking I was crazy to buy when there was so much selling pressure.

Now they know what I mean...
Just closed my trade from 1.6280 at 1.6480. I was shooting for 1.6540 as a possible target but...I started thinking... 200 PIPS is a lot! TAKE IT! I am done for the week. See you guys Sunday. Trade safe!Trade well! As always thanks for everyones insight on GBP/USD!
Show me the PIPS!
  • #140,371
  • Jun 26, 2009 12:27am Jun 26, 2009 12:27am
Quoting Ipips
Cause he's wrong. I made the bull call at 1.6300 and at 1.6360 when it was crashing yesterday and everyone was thinking I was crazy to buy when there was so much selling pressure.

Now they know what I mean...
Brov you made a golden call....and I was not with you but at 280 ish I saw something really wierd on my charts...hence I came out of all position from 450 to 350 just as I said I did not reverse to be honsest...as I did not have faith in what I was seeing will post that chart later if that is okay....

Good Luck

Happy Trading...

Takes golden ones to go against the flow of the bears....

GeppyG
Let Price determine your future!
  • #140,372
  • Jun 26, 2009 12:29am Jun 26, 2009 12:29am
Quoting Geppyg
Brov you made a golden call....and I was not with you but at 280 ish I saw something really wierd on my charts...hence I came out of all position from 450 to 350 just as I said I did not reverse to be honsest...as I did not have faith in what I was seeing will post that chart later if that is okay....

Good Luck

Happy Trading...

Takes golden ones to go against the flow of the bears....

GeppyG
Thanks bro. I'm glad you followed wormboy's advice to close your positions before you went off. Well done to you too~

Like you said, long or short, hope we all make money.
  • #140,373
  • Jun 26, 2009 12:34am Jun 26, 2009 12:34am
I have just closed my long positions for a nice profit. It could still go higher, but I like to play it safe since the risk reward is no longer that attractive.

Since we're in the middle of the range, I may be now be scalping inside the range..
  • #140,374
  • Jun 26, 2009 12:34am Jun 26, 2009 12:34am
Quoting Peter33
BE careful my friend, we are heading way pass 1.6600.
Buddy....My loading of shorts will start at the 550 zone..... These are swing Trades....

Brov gonna be loading all the way up to 900..yes call me crazy....
I will post all details on wormboy thread....
Overall risk will be 10% ie 1% per trade

Good Luck
Let Price determine your future!
  • #140,375
  • Jun 26, 2009 1:04am Jun 26, 2009 1:04am
Quoting Geppyg
Buddy....My loading of shorts will start at the 550 zone..... These are swing Trades....

Brov gonna be loading all the way up to 900..yes call me crazy....
I will post all details on wormboy thread....
Overall risk will be 10% ie 1% per trade

Good Luck
i am also waiting for that level but is it turing now???or it will go up whatis next?

Ub
  • #140,376
  • Jun 26, 2009 1:06am Jun 26, 2009 1:06am
Quoting Geppyg
Buddy....My loading of shorts will start at the 550 zone..... These are swing Trades....

Brov gonna be loading all the way up to 900..yes call me crazy....
I will post all details on wormboy thread....
Overall risk will be 10% ie 1% per trade

Good Luck
  • #140,377
  • Jun 26, 2009 1:10am Jun 26, 2009 1:10am
First support 1.6450.
  • #140,378
  • Jun 26, 2009 1:23am Jun 26, 2009 1:23am
Quoting Geppyg
Buddy....My loading of shorts will start at the 550 zone..... These are swing Trades....

Brov gonna be loading all the way up to 900..yes call me crazy....
I will post all details on wormboy thread....
Overall risk will be 10% ie 1% per trade

Good Luck
you mean it will go to 1.6900???????
  • #140,379
  • Jun 26, 2009 1:25am Jun 26, 2009 1:25am
Quoting macd
you mean it will go to 1.6900???????
Hi Macd,

I have posted my thoughts..on wormboy's thread....

Brov...That is the max I see......But lets talk about today....I think we shall revisit 380 by close of play today....as a minimum...
Let Price determine your future!
  • #140,380
  • Jun 26, 2009 1:26am Jun 26, 2009 1:26am
Good morining guys .. hope u r all Fine
I see it's heading to 1.6550 or around it Today , any one wiz me ?
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