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Cable Update (GBPUSD)

  • #143,841
  • Jul 7, 2009 8:06pm Jul 7, 2009 8:06pm
Quoting fxgrnwise
Thanks for the comments, I did not know Canada had lost stops etc. I had read other comments about the FXCM Uk platform not being really good.
i dont know if canada has .. i trade with an american broker..
  • #143,842
  • Jul 7, 2009 8:07pm Jul 7, 2009 8:07pm
Quoting fxgrnwise
Thanks for the comments, I did not know Canada had lost stops etc. I had read other comments about the FXCM Uk platform not being really good.

I use the FXCM platform it's fine, very nice infact, since they've finally allowed credit / debit card payments and instant withdrawls there really isn't anything to complain about.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,843
  • Jul 7, 2009 8:08pm Jul 7, 2009 8:08pm
Quoting Turveyd
A opposing Limit order is a interesting take hmmmmmmmmm

As a Chop player which works most of the time it can sometimes run away from me, cause I can hedge it would give me a ability to negate some of the down move jump off the hedge and claw some back when time.

But yeah thats 1 way around it I guesss, harder to setup / slower and more confusing I can see many cocking up those orders at there cost
well if you do small 20-30 pip day trades all day .. lets say you have a buy at support and want to close and sell immediately at another level

assume a standard lot, 100k (or 1.0) buy and the moment you want to close you click on sell 100k .. closed .. or if you want to close and immediatlely short, you hit sell 200k, 100 of which closes the buy, leaving a fresh 100 for you to be short with.
  • #143,844
  • Jul 7, 2009 8:08pm Jul 7, 2009 8:08pm
Turveyd,
Thanks for the feed back.
  • #143,845
  • Jul 7, 2009 8:12pm Jul 7, 2009 8:12pm
Quoting jack.canadia
well if you do small 20-30 pip day trades all day .. lets say you have a buy at support and want to close and sell immediately at another level

assume a standard lot, 100k (or 1.0) buy and the moment you want to close you click on sell 100k .. closed .. or if you want to close and immediatlely short, you hit sell 200k, 100 of which closes the buy, leaving a fresh 100 for you to be short with.

Always thought FXCM needs a reverse trade button, which automatically does that.

The market is going against me CLICK CLICK thats fine, being too lazy to exit and short / the time it takes ( 5 seconds LOL ) means I normally hold to the floor
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,846
  • Jul 7, 2009 8:18pm Jul 7, 2009 8:18pm
Quoting Turveyd
Always thought FXCM needs a reverse trade button, which automatically does that.

The market is going against me CLICK CLICK thats fine, being too lazy to exit and short / the time it takes ( 5 seconds LOL ) means I normally hold to the floor
haha who knows .. fxcm updated the charting software since clients wanted alerts on the charts..

maybe they will have new SL and TP buttons that auto program the orders for you, as previously mentioned on the last page
  • #143,847
  • Jul 7, 2009 8:25pm Jul 7, 2009 8:25pm
Quoting jack.canadia
haha who knows .. fxcm updated the charting software since clients wanted alerts on the charts..

maybe they will have new SL and TP buttons that auto program the orders for you, as previously mentioned on the last page

That'd be nice!!!

Ofcourse cat sits on the keyboard, reverses my order 100x's until my account is margin called from the spread / slippage LOL

Just found a new Trend SMA staying upto 2:30am is good

M1 GU Chart, 100 SMA SMOOTHED, with a Envelope Range also very strong 100SMA Smoothed 0.40% check it out!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,848
  • Jul 7, 2009 8:43pm Jul 7, 2009 8:43pm
Morning guys.

Jack, what are your thoughts on today's direction on the cable? Could we get a reversal bounce from 50 day SMA?
  • #143,849
  • Jul 7, 2009 8:48pm Jul 7, 2009 8:48pm
Quoting jack.canadia
before you buy these books .. why not download them as PDF?

tech analysis of the financial markets .. http://www.4shared.com/file/23299830...rkets.html?s=1

candle stick charting explained ... http://www.4shared.com/file/34418233...orris.html?s=1

master the markets ... http://www.4shared.com/file/62063434...liams.html?s=1
good question ... maybe cause i believe that when someone puts something out and shares their knowledge and time I should pay for it and not steal it. How would you like to go to work for free ?
Blogging daily now at www.volume.zone
  • #143,850
  • Jul 7, 2009 8:49pm Jul 7, 2009 8:49pm
Quoting grashid
today close below 1.6150 then my next 1st pit stop will be my LTL ~ 1.60/1.59 area...then 23.6% weekly which is 1.51??..let see what happen...

Mari mari ..mari kita tengok siapa yang kena...
This week target hit 1.6080....Next week..1.58-1.51..let see what happen...
  • #143,851
  • Jul 7, 2009 8:54pm Jul 7, 2009 8:54pm
Quoting jack.canadia
i am going to buy at 6110 with a stop at 6090.

finally at a significant level.
  • #143,852
  • Jul 7, 2009 8:56pm Jul 7, 2009 8:56pm
Quoting Turveyd
Always thought FXCM needs a reverse trade button, which automatically does that.

The market is going against me CLICK CLICK thats fine, being too lazy to exit and short / the time it takes ( 5 seconds LOL ) means I normally hold to the floor

before you disabled hedging then if you had 1 lot on with a sell and you wanted to close and reverse you would buy 2 lots , it would close the short and have 1 lot long
Blogging daily now at www.volume.zone
  • #143,853
  • Jul 7, 2009 8:59pm Jul 7, 2009 8:59pm
Quoting malcolmb14
before you disabled hedging then if you had 1 lot on with a sell and you wanted to close and reverse you would buy 2 lots , it would close the short and have 1 lot long

Thats if I disable hedging right ??? cause with Hedging on I'd have 1 lot short and 2 lots long which is still ofcourse +1 long but it'd get confusing!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,854
  • Jul 7, 2009 9:00pm Jul 7, 2009 9:00pm
Quoting malcolmb14
true enough and good words . Give any 2 traders the same system / technique both will have differing sucess with it. This is based on mind set , money management etc

Forums are all about learning from each other and then formulating your own system.
this is what i did from aus...Piter+Q...fully utilise what I have in forum..instead of waiting for signal trading...then check with your on the vol/VSA(but not able to graduate on it..but still work fine)...one vouch from me 'My disciplin Guru'
  • #143,855
  • Jul 7, 2009 9:03pm Jul 7, 2009 9:03pm
Quoting Ipips
Morning guys.

Jack, what are your thoughts on today's direction on the cable? Could we get a reversal bounce from 50 day SMA?
I dont used the 50 sma... depends what TF you are looking at..

here are my charts ..

first one is the trade plan for tonight .. bounce off some pivots and then looking to short at some other pivots including the daily pivot and a fib

the next chart is a 4-h showing that the 6060/80 area has some importance

lastly, a 1 hour with bullish macd divergence .. i only pay attention to these at supports (ones that can be seen on the 4-h or daily).. combine that with the 6060 area and a bounce is likely, but who knows

but i still hold my intention to short at the indicated levels but may close if 6060 is not taken out... 6000 will be a strong support as well, being a psych level, and i feel that may be the ultimate target before a meaningful bounce, then further decline to 5800 and the oh so sweet 5300.

remember that any bad news bringing down stocks will most certainly lead to USD strength .. some analysts are calling a double bottom in the DJIA and SP500 .. but thats speculation of course

take it day by day and do what the charts tell you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GUshort.jpg Size: 148 KB
Click to Enlarge Name: h4 support.gif Size: 21 KB
Click to Enlarge Name: h1 diverge.gif Size: 21 KB
  • #143,856
  • Jul 7, 2009 9:05pm Jul 7, 2009 9:05pm
Quoting Turveyd
Thats if I disable hedging right ??? cause with Hedging on I'd have 1 lot short and 2 lots long which is still ofcourse +1 long but it'd get confusing!!
yes disable hedging ...

no with hedging on you would have 1 lot hedged and 1 lot unhedged. very different than close and reverse. I hate hedging never do it never will .
Blogging daily now at www.volume.zone
  • #143,857
  • Jul 7, 2009 9:07pm Jul 7, 2009 9:07pm
Quoting jack.canadia
I dont used the 50 sma... depends what TF you are looking at..

here are my charts ..

first one is the trade plan for tonight .. bounce off some pivots and then looking to short at some other pivots including the daily pivot and a fib

the next chart is a 4-h showing that the 6060/80 area has some importance

lastly, a 1 hour with bullish macd divergence .. i only pay attention to these at supports (ones that can be seen on the 4-h or daily)..

but i still hold my intention to short at the indicated levels but may close if 6060 is not taken...
maybe this is nothing but something is bothering me about the way that the s&p conveniently touched support at 875 today , just a gut thing.

that bullish divergence may play out tomorrow , but not before gj touches 150 and gu 1.5900 / 1.5800 ( tonight in London maybe )
Blogging daily now at www.volume.zone
  • #143,858
  • Jul 7, 2009 9:11pm Jul 7, 2009 9:11pm
got this from FXDD:

By now you are probably well aware that NFA has made a new rule that prohibits US Forex Dealer Members from carrying customer accounts with opposing positions in the same account past the end of the trading day ("no -hedging"). The rule also requires all positions to be closed in historical order, otherwise known as 'first in first out' (FIFO). There has been wide speculation among user groups what these changes may bring, how they are going to affect the Metatrader platform, how automated trading scripts are going to be affected (Expert Advisors) and what retail trading is going to look like in the future.

The 'No-Hedging' rule has been in effect for over a month now and as many of you can attest most of the statements of "doom and gloom" have been highly exaggerated. The FIFO rule implementation has been extended once already and there is continuous talks amongst all companies, platform vendors (software companies), and NFA as to what will be permitted and how things should be working out. In the midst of these changes some dealers have decided to use the rule changes as a selling point for their offshore service centers. They try to amplify the uncertainty and to play on the customers' fears. It is unclear if they are well equipped to maintain a properly operating MT4 platform in these jurisdictions. Most of them have very little history of operating one. It is certain though that it would be costly and inconvenient to close everything and move an account to an untested firm.

In the wake of all this speculation we at FXDD would like to assure you once again that we will do our best to make sure you can continue trading without having to worry about how things may change for you. We are working with the platform vendors, carefully examining all possible options, and working diligently with NFA on the progress of our membership. Our advice is not to make hasty assumptions based on the loose talk from people who spread rumors. If we are to make any further changes to our platforms we will make sure you are informed well in advance and you are given all possible options to consider. We will also try and keep you updated on a regular basis to let you know what our plans are.
Thanks as always for being a FXDD customer.

Sincerely,
The FXDD Team


funny--who can guess who they are pointing fingers to? which brokers?
who's right? who's unethical?
just wondering -- i dont care the least !
  • #143,859
  • Jul 7, 2009 9:16pm Jul 7, 2009 9:16pm
Quoting jack.canadia
I dont used the 50 sma... depends what TF you are looking at..

here are my charts ..

first one is the trade plan for tonight .. bounce off some pivots and then looking to short at some other pivots including the daily pivot and a fib

the next chart is a 4-h showing that the 6060/80 area has some importance

lastly, a 1 hour with bullish macd divergence .. i only pay attention to these at supports (ones that can be seen on the 4-h or daily).. combine that with the 6060 area and a bounce is likely, but who knows

but i still hold my intention...

Looks great! Thanks very much for your input~ Seems like the 6060/80 level is holding well.
  • #143,860
  • Jul 7, 2009 9:21pm Jul 7, 2009 9:21pm
Quoting fxmechanic
got this from FXDD:

[font=trebuchet ms,geneva][size=2]By now you are probably well aware that NFA has made a new rule that prohibits US Forex Dealer Members from carrying customer accounts with opposing positions in the same account past the end of the trading day ("no -hedging"). The rule also requires all positions to be closed in historical order, otherwise known as 'first in first out' (FIFO). There has been wide speculation among user groups what these changes may bring, how they are going to affect the Metatrader platform, how automated...
I also received this email. Dealers are going to do and say whatever they can for their own interests. I wouldn't expect any different from FXDD.
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