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Cable Update (GBPUSD)

  • #149,641
  • Jul 22, 2009 11:29pm Jul 22, 2009 11:29pm
Quoting forexlion
i trade fxpro and the average spread on GU is 1 pip

sometimes it is as low as 0.2 pip

fully ecn style
Do you like them? I have my ecn account with MBTrading and enjoy the spread we get at times. I've even seen it as low as 0.1pip with MB. My secondary account is with FXDD, fixed spread so I can trade when MB goes to 7 pip spread with low volume. I'm looking to open a 3rd account so I appreciate you input.
Just digging in the trenches like everyone else!
  • #149,642
  • Jul 22, 2009 11:31pm Jul 22, 2009 11:31pm
Quoting forexlion
break 6480.
TP1 : 6481
TP2 : 6482
TP3 : 6483

break 6460,
TP1 : 6459
TP2 : 6458
TP3 : 6457


based on Michael Jackson charting system
ic..but will be great if i can see lion dance with this MJ system......how's lion dancing ya anyway
  • #149,643
  • Jul 22, 2009 11:32pm Jul 22, 2009 11:32pm
lousy pa to be calling long term targets, but I'll call it how i see it.
We're still range bound with bias still being on the short side as long as the daily utl resistance holds. And with the possible H&S formation in the works further supports the current bias. H3 is showing a probable bounce to the downside but as you can see there's a lot of wood to chop. I've been getting mixed results in terms of gains this week with the way I trade.

Trade safe
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Thank You
  • #149,644
  • Jul 22, 2009 11:39pm Jul 22, 2009 11:39pm
Quoting grashid
ic..but will be great if i can see lion dance with this MJ system......how's lion dancing ya anyway
for-EX-lion dances like bolliwood actor with his overconvident album hahahhahahhahahha
  • #149,645
  • Jul 22, 2009 11:44pm Jul 22, 2009 11:44pm
Enough guys. This will lead us to nowhere.
Great Bodies are Engineered not Born
  • #149,646
  • Jul 22, 2009 11:46pm Jul 22, 2009 11:46pm
Quoting forexlion
ECN means no spread, but they charge commissions per trade.

which almost equals the spreads on other mt4 brokers
So is Fxpro uses ECN? I noticed the 5 digits.
Great Bodies are Engineered not Born
  • #149,647
  • Jul 22, 2009 11:48pm Jul 22, 2009 11:48pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
folks, thing to note, there has been no selling of pound from asia. This is dodgy, i think it will shoot up at 7 when europe opens. Also, look at euro all time high in recent days. Seems, we are going to break high's this time.

ams
  • #149,648
  • Jul 22, 2009 11:51pm Jul 22, 2009 11:51pm
http://www.bloomberg.com/apps/news?p...d=ahS47qdAgxB4

CIT going to chapter 11

http://www.bloomberg.com/apps/news?p...d=aAME5PU5yKO4

and this could make me crazy with my maria..

See in London...what happen
  • #149,649
  • Jul 22, 2009 11:53pm Jul 22, 2009 11:53pm
Quoting ams
folks, thing to note, there has been no selling of pound from asia. This is dodgy, i think it will shoot up at 7 when europe opens. Also, look at euro all time high in recent days. Seems, we are going to break high's this time.

ams
it could be ... if we see daily and weekly ( we are in week#4 of the month )
  • #149,650
  • Jul 22, 2009 11:57pm Jul 22, 2009 11:57pm
Quoting stewrigh
Don't have one - I just follow the price with my stops - I'd like to think this is the big break-out tho, maybe 66++ - but thats just wishful thinking.
Posted this yesterday - Sometimes wishes come true - Maybe!!!

If I get time I'll post a chart later.
  • #149,651
  • Jul 23, 2009 12:02am Jul 23, 2009 12:02am
Stairsteps on the POUND, not sure of the time line, but 1.7050 is calling.

Then shorts will jump in and drop the pound 1,000 pips.
TheCableGuy
  • #149,652
  • Jul 23, 2009 12:05am Jul 23, 2009 12:05am
Quoting grashid
http://www.bloomberg.com/apps/news?p...d=ahS47qdAgxB4

CIT going to chapter 11

http://www.bloomberg.com/apps/news?p...d=aAME5PU5yKO4

and this could make me crazy with my maria..

See in London...what happen
Got 3 billion ad stilll go bankrupt?
Great Bodies are Engineered not Born
  • #149,653
  • Jul 23, 2009 12:06am Jul 23, 2009 12:06am
Good MAE Everyone...
Ghost Rider - WWTBMD?
  • #149,654
  • Jul 23, 2009 12:10am Jul 23, 2009 12:10am
Quoting grashid
My comment is spell in chart and not wording..so that we can learn and see each other...
only my view brother...... others can have other view of the graph.....

4H for the trend.... entry using lower TH 1H or 15 M
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  • #149,655
  • Jul 23, 2009 12:16am Jul 23, 2009 12:16am
Quoting albchr
Good MAE Everyone...
GM Chris
  • #149,656
  • Jul 23, 2009 12:18am Jul 23, 2009 12:18am
Looks like we're facing bulls. Bears hiding in the forest.
  • #149,657
  • Jul 23, 2009 12:25am Jul 23, 2009 12:25am
Hi All...
Great forum,, it's my 1st post here, only my view...
Will test low again @638x or more.. any suggestion would be appreciated..
[IMG]http://i32.tinypic.com/de61sn.jpg[/IMG]
  • #149,658
  • Jul 23, 2009 12:27am Jul 23, 2009 12:27am
Quoting stewrigh
GM Chris
Hey Stew,

I know I need my coffee but man this is some crazy PA to figure right now huh?
Ghost Rider - WWTBMD?
  • #149,659
  • Jul 23, 2009 12:30am Jul 23, 2009 12:30am
Im not opening any positions until London opens. We have Retail Sales coming out at 1:30 so we'll see what that does to us. Looks bullish for now maybe well see 1.6575
  • #149,660
  • Jul 23, 2009 12:31am Jul 23, 2009 12:31am
Hi chris
we going down
Thank You
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