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Cable Update (GBPUSD)

  • #163,421
  • Sep 4, 2009 3:39am Sep 4, 2009 3:39am
Quoting Bull_Bear
Your a dangerous man Chris Just don't pick on midgets.
Naaaa, I'm just a big teddy bear. I was only defending myself. Calling me fat.......The nerve of that midget....
Ghost Rider - WWTBMD?
  • #163,422
  • Sep 4, 2009 3:40am Sep 4, 2009 3:40am
Quoting Bull_Bear
Thanks mate.... She's served me very well since I started to dabble in her

You know what your doing with Dragon.
ha! told you didn't I

Yup, 2 running positions, 3 minilots in total.
1 running from 159 level (0.2) & the recently added was yesterday @151.22 (0.1) just got stopped out @80.
The rest of the shorts had been banked and cleared off coming up today.
I'll look to tighten the stops towards 152.75 before nfp.

Here's the primary chart I'm working from. That utl is still intact:
http://www.forexfactory.com/attachme...0&d=1251993849
Thank You
  • #163,423
  • Sep 4, 2009 3:42am Sep 4, 2009 3:42am
Price trading with a slightly bullish tone in the early London session off asian session and y/day's pullback lows at 6304, the 61.8% of yesterdays 6234-6412 rise, and is currently between that and other 61.8% fib, the 61.8% (6370) of the said pullback from 6412, yesterday's hi and the pullback low/asian lo @ 6304.

Of course, the monthly NFP circus roles into town later, (love watching all the dumb money flood the market, lol) so G/L with that!

Av Daily range: 181, today so far: 59
ex member
  • #163,424
  • Sep 4, 2009 3:45am Sep 4, 2009 3:45am
Quoting navhin
does anybody has clues on hw to trade currency during nfp news?
Absolutely. Don't trade during NFP.

If you with a market maker you will suffer huge spreads, if with an ECN possible large slippage (including slipping well past your stop loss)

NFP is one of the most volatile announcements, so always best to wait until the dust settles (ie about an hour) before entering.

The only exception to this is if your position is already well in profit (ie 200-300 pip) and SL at BE.

Just friendly advice.
  • #163,425
  • Sep 4, 2009 3:47am Sep 4, 2009 3:47am
Quoting navhin
does anybody has clues on hw to trade currency during nfp news?
ther is a stratagy out ther for it to place two pending orders 5 minutes before the news about 30 pip stoplosses and cross yourfingers.
  • #163,426
  • Sep 4, 2009 3:49am Sep 4, 2009 3:49am
Quoting paulw6182
ther is a stratagy out ther for it to place two pending orders 5 minutes before the news about 30 pip stoplosses and cross yourfingers.
If with a MM you could be stopped out on both positions.

As for crossing your fingers, I hear that is an excellent strategy used by top hedge funds.
  • #163,427
  • Sep 4, 2009 3:49am Sep 4, 2009 3:49am
Quoting albchr
Naaaa, I'm just a big teddy bear. I was only defending myself. Calling me fat.......The nerve of that midget....
I maybe short but I can see my toe
Thank You
  • #163,428
  • Sep 4, 2009 3:50am Sep 4, 2009 3:50am
Quoting wormboy
ha! told you didn't I

Yup, 2 running positions, 3 minilots in total.
1 running from 159 level (0.2) & the recently added was yesterday @151.22 (0.1) just got stopped out @80.
The rest of the shorts had been banked and cleared off coming up today.
I'll look to tighten the stops towards 152.75 before nfp.

Here's the primary chart I'm working from. That utl is still intact:
http://www.forexfactory.com/attachme...0&d=1251993849
Yeah that you did, generate some curiosity for me.

I have the TL broken Bro.... Will work on my chart this weekend to fill in the gaps
Attached Image (click to enlarge)
Click to Enlarge Name: Dragon.JPG Size: 82 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,429
  • Sep 4, 2009 3:54am Sep 4, 2009 3:54am
Quoting direct-trade
If with a MM you could be stopped out on both positions.

As for crossing your fingers, I hear that is an excellent strategy used by top hedge funds.
hahah nether work my money
i see the its called non farm enployment change (1.30pm) now not non farm payroll.
the calander is really just another random confusing extra to indicators
  • #163,430
  • Sep 4, 2009 3:55am Sep 4, 2009 3:55am
Quoting wormboy
I maybe short but I can see my toe
Toe? I can see all 10 of mine. I just can't reach them very easily with my back anymore....
Ghost Rider - WWTBMD?
  • #163,431
  • Sep 4, 2009 4:02am Sep 4, 2009 4:02am
Quoting Bull_Bear
Yeah that you did, generate some curiosity for me.

I have the TL broken Bro.... Will work on my chart this weekend to fill in the gaps
yup mine too. But price hadn't close outside so I'll still keep it for the time being
Thank You
  • #163,432
  • Sep 4, 2009 4:02am Sep 4, 2009 4:02am
Quoting wormboy
I maybe short but I can see my toe
Quoting albchr
Toe? I can see all 10 of mine. I just can't reach them very easily with my back anymore....
Fat Man Vs Short Man
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,433
  • Sep 4, 2009 4:02am Sep 4, 2009 4:02am
Quoting albchr
Toe? I can see all 10 of mine. I just can't reach them very easily with my back anymore....
back? not the front?
Thank You
  • #163,434
  • Sep 4, 2009 4:04am Sep 4, 2009 4:04am
Quoting Bull_Bear
Fat Man Vs Short Man
shut up mophead
Thank You
  • #163,435
  • Sep 4, 2009 4:05am Sep 4, 2009 4:05am
Quoting wormboy
back? not the front?
Yup....
Ghost Rider - WWTBMD?
  • #163,436
  • Sep 4, 2009 4:05am Sep 4, 2009 4:05am
Quoting wormboy
yup mine too. But price hadn't close outside so I'll still keep it for the time being
I thought I had a bit too much to drink already, only on my first
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,437
  • Sep 4, 2009 4:06am Sep 4, 2009 4:06am
Quoting wormboy
shut up mophead
Rephrase... BEERhead
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,438
  • Sep 4, 2009 4:17am Sep 4, 2009 4:17am
Quoting albchr
I'm about to do the same with the second half of a 6378 short here. I've just locked it in +5 but it may be wiser to take what I have now.....
I may regret this but everything I have sees the lows creeping a bit higher and higher so I'll take what I got. Closed second half at 6347. Flat now and awaiting the fireworks.

Whoops, mistyped that, 6347 Dam FAT fingers eh Azim?
Ghost Rider - WWTBMD?
  • #163,439
  • Sep 4, 2009 4:22am Sep 4, 2009 4:22am
Quoting albchr
I may regret this but everything I have sees the lows creeping a bit higher and higher so I'll take what I got. Closed second half at 6343. Flat now and awaiting the fireworks.
No regrets when you pippen bro
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,440
  • Sep 4, 2009 4:25am Sep 4, 2009 4:25am
Quoting Bull_Bear
No regrets when you pippen bro
Yeppers. But I mistyped it as the bid price. Was actually 6347. Fixed now...
Ghost Rider - WWTBMD?
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