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Cable Update (GBPUSD)

  • #156,901
  • Aug 11, 2009 8:34am Aug 11, 2009 8:34am
Quoting Bull_Bear
Guys she's gonna screw with your heads.... You think she's breaking down, you jump in, than she moves back up, than you feel insecure and jump in the opp direction, than she moves down, than at this stage your doing your arse and finally she starts to climb and you kick yourself cos you were in the right direction to begin with.

I call the above "DO YOUR HEAD IN" PA.
When doesn't it do that? it's supossed to, innit? And we're supposed to gues the wright direction.
  • #156,902
  • Aug 11, 2009 8:34am Aug 11, 2009 8:34am
Quoting grashid
..come 1.6550-1.6600...GY..yehaaaa
Agreed grass man
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,903
  • Aug 11, 2009 8:40am Aug 11, 2009 8:40am
Quoting grashid
that's am quite today ......go n check ur GY...see anything?
Gras Man
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,904
  • Aug 11, 2009 8:41am Aug 11, 2009 8:41am
Quoting grashid
that's am quite today ......go n check ur GY...see anything?
price action today is ranging ...1.6500 to about 1,6430 . any trader can press buy or sell when trends are there ... the good ones know how to trades ranges and that is where accounts are built within ranges as they are very easy to play with tight stops losses
Blogging daily now at www.volume.zone
  • #156,905
  • Aug 11, 2009 8:45am Aug 11, 2009 8:45am
Quoting malcolmb14
price action today is ranging ...1.6500 to about 1,6430 . any trader can press buy or sell when trends are there ... the good ones know how to trades ranges and that is where accounts are built within ranges as they are very easy to play with tight stops losses

almost 400 pips to be had just playing this range

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Blogging daily now at www.volume.zone
  • #156,906
  • Aug 11, 2009 8:46am Aug 11, 2009 8:46am
Man, how I wish I could be in a bank fx trading dept for only 5 min and see how the big guys think and trade. Do they always try to do us retail traders in? It would be such a big help 2 know the way they trade and think.
  • #156,907
  • Aug 11, 2009 8:48am Aug 11, 2009 8:48am
Quoting malcolmb14
almost 400 pips to be had just playing this range

Attachment

You're a great trader and whenever market conditions are like this i always see you say that you love it.

I would like to know what your method is or how you go about range trading if you wouldn't mind telling us?
  • #156,908
  • Aug 11, 2009 8:51am Aug 11, 2009 8:51am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
How is the volume today MAL, I think it's high time for a retrace to 65700?




Quoting malcolmb14
almost 400 pips to be had just playing this range

Attachment
  • #156,909
  • Aug 11, 2009 8:52am Aug 11, 2009 8:52am
Quoting grashid
:d..come 1.6550-1.6600...gy..yehaaaa
whom to come gy ? Lol i think gu well grashid whats the trade
  • #156,910
  • Aug 11, 2009 8:52am Aug 11, 2009 8:52am
Quoting Bull_Bear
Agreed grass man
..I will not short not long at this area...Long yes but in small amount..but mm...just see GU atm...bored..but i could be wrong because this is what i saw...so trade safe and control mm and em...Good luck
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  • #156,911
  • Aug 11, 2009 8:53am Aug 11, 2009 8:53am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
They don't have time or patience for little guys....

They have enough people of their own size to screw...
Their target is not few 100 pips. It's 1000's of pips...

It's broker who go after stop losses etc with major banks/interbank involved.





Quoting skerdi-meta
Man, how I wish I could be in a bank fx trading dept for only 5 min and see how the big guys think and trade. Do they always try to do us retail traders in? It would be such a big help 2 know the way they trade and think.
  • #156,912
  • Aug 11, 2009 8:57am Aug 11, 2009 8:57am
Quoting malcolmb14
price action today is ranging ...1.6500 to about 1,6430 . any trader can press buy or sell when trends are there ... the good ones know how to trades ranges and that is where accounts are built within ranges as they are very easy to play with tight stops losses
i did it last few month in ranging 1.66-1.63..M5/M15 (like ur style) with max 25-30pips...but am not a full time trader and i have not much time to sit in front of my PC this week...since GY bring me..mm...so am better stay away for this GU today...instead of struggling on it...anyway good call from u too...cheers
  • #156,913
  • Aug 11, 2009 8:58am Aug 11, 2009 8:58am
Ta F***k, just burnt my food in the oven
  • #156,914
  • Aug 11, 2009 8:59am Aug 11, 2009 8:59am
Quoting Bull_Bear
Gras Man
i saw the same things..that is why am stay away from GU..scalp in lower TF am not deny for making a good pips as what Mal say...but am not that type of trader..just a part time scalper
  • #156,915
  • Aug 11, 2009 9:00am Aug 11, 2009 9:00am
Quoting grashid
..I will not short not long at this area...Long yes but in small amount..but mm...just see GU atm...bored..but i could be wrong because this is what i saw...so trade safe and control mm and em...Good luck
Here's an earlier one of mine. My BEER Plan

http://www.forexfactory.com/showpost...stcount=156847
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,916
  • Aug 11, 2009 9:01am Aug 11, 2009 9:01am
My platform colapsed, and i ve got open positions, can anyone tell me please the value for gbp/usd and usd/jpy, current.

thanks
I am back. Actually, I never left...
  • #156,917
  • Aug 11, 2009 9:02am Aug 11, 2009 9:02am
Quoting dre3029
You're a great trader and whenever market conditions are like this i always see you say that you love it.

I would like to know what your method is or how you go about range trading if you wouldn't mind telling us?

simple use s/r lines .... you can see when price is going sidewways . I use volume to tell me that.

then at top range go short 30 pip stop .. close at bottom , opposite for longs ...

the range recent 6200 to 6600 would have trebled an account if you managed to play it


ranges , once spotted , are the e3asiest thing to trade
Blogging daily now at www.volume.zone
  • #156,918
  • Aug 11, 2009 9:03am Aug 11, 2009 9:03am
Quoting Faryad
whom to come gy ? Lol i think gu well grashid whats the trade
and what is ur plan..be honest i have no plan yet for GU..just GY to see my pit stop...hope tonight..if not..mmm..just nice what ever i get it..
  • #156,919
  • Aug 11, 2009 9:03am Aug 11, 2009 9:03am
Quoting taragula
My platform colapsed, and i ve got open positions, can anyone tell me please the value for gbp/usd and usd/jpy, current.

thanks
GU 1.6475 GJ 158.51
  • #156,920
  • Aug 11, 2009 9:03am Aug 11, 2009 9:03am
Quoting taragula
My platform colapsed, and i ve got open positions, can anyone tell me please the value for gbp/usd and usd/jpy, current.

thanks
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