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Cable Update (GBPUSD)

  • #164,841
  • Sep 10, 2009 1:11pm Sep 10, 2009 1:11pm
Quoting manize
I am sure it is because of the powerfull of your nickname to recall him to life !
Lol didn't think about this...
"Hate the sin, love the sinner." - Gandhi
  • #164,842
  • Sep 10, 2009 1:15pm Sep 10, 2009 1:15pm
Any Cable shorts still out there? I'm still in by the skin of my teeth!

Was wondering if someone could help me.

This must be a really stupid question, but for the life of me I can't see what I'm missing.

But my metatrader platform seems to be showing me the wrong price for the Dow Jones index.

It's currently quoting 9559.
I've put the chart side on side with several other charts and it is a perfect match, however it seems that the dow is in fact at 9619.

What am I missing?
  • #164,843
  • Sep 10, 2009 1:17pm Sep 10, 2009 1:17pm
Quoting direct-trade
Havent been through the forum since this morning as I have been scalping and trying to figure out what is going on with this PA. Noticed the above post whilst reading through quickly, thought I would mention a couple of things:

If you are joking, then I hope the acid you talk about drinking in another post burns your balls off.

If you are serious, well what can I say?

Believe me, most of us here lost small fortunes before we started to become profitable. I remember my first loss, about £20000. That hurt, a lot. I sat with my head in my hands...
great story DT..it shows u have strong resolve and are a fighter..cheers to the good times i found reading what u wrote to be very inspirational..
  • #164,844
  • Sep 10, 2009 1:18pm Sep 10, 2009 1:18pm
Quoting direct-trade
Havent been through the forum since this morning as I have been scalping and trying to figure out what is going on with this PA. Noticed the above post whilst reading through quickly, thought I would mention a couple of things:

If you are joking, then I hope the acid you talk about drinking in another post burns your balls off.

If you are serious, well what can I say?

Believe me, most of us here lost small fortunes before we started to become profitable. I remember my first loss, about £20000. That hurt, a lot. I sat with my head in...
Great story, and I hope he takes your advice. If I could vouch I would.

As for GJ I think you might get away with a b/e, i'm looking for action around 15250. BTW what company do you trade though matey?
  • #164,845
  • Sep 10, 2009 1:18pm Sep 10, 2009 1:18pm
Quoting TheGabriel
Lol didn't think about this...
u will sleep well tonight..u may have saved from himself

welldone bro
  • #164,846
  • Sep 10, 2009 1:19pm Sep 10, 2009 1:19pm
Quoting spintrader
Any Cable shorts still out there? I'm still in by the skin of my teeth!

Was wondering if someone could help me.

This must be a really stupid question, but for the life of me I can't see what I'm missing.

But my metatrader platform seems to be showing me the wrong price for the Dow Jones index.

It's currently quoting 9559.
I've put the chart side on side with several other charts and it is a perfect match, however it seems that the dow is in fact at 9619.

What am I missing?
It might be the futures price. If it isn't the futures price, arb the opportunity of free money now...

As for cable I think around here might be a nice R:R trade. 15 minute pin bar at the top of a trend. could aim for 16600 potentially. Depends if the indices explode up I'm guessing. I'm thinking shorts until asian open then close up for London.

Good day.
  • #164,847
  • Sep 10, 2009 1:19pm Sep 10, 2009 1:19pm
Oh and Direct-trade, awesome and inspiring story. Nice one!
  • #164,848
  • Sep 10, 2009 1:23pm Sep 10, 2009 1:23pm
I hope topestyles can see all the good he brought out of folks today. A really warm feeling in the forum here.

BTW, short at 6669...lol
Ghost Rider - WWTBMD?
  • #164,849
  • Sep 10, 2009 1:23pm Sep 10, 2009 1:23pm
Quoting KillPhil08
It might be the futures price. If it isn't the futures price, arb the opportunity of free money now...

As for cable I think around here might be a nice R:R trade. 15 minute pin bar at the top of a trend. could aim for 16600 potentially. Depends if the indices explode up I'm guessing. I'm thinking shorts until asian open then close up for London.

Good day.
Also it'll be trading back from the daily R. It depends if the 5minute s/r steps swap again, if you get me. I'll do a chart if you don't.
  • #164,850
  • Sep 10, 2009 1:24pm Sep 10, 2009 1:24pm
Quoting KillPhil08
Great story, and I hope he takes your advice. If I could vouch I would.

As for GJ I think you might get away with a b/e, i'm looking for action around 15250. BTW what company do you trade though matey?


Yes, I think a reversal from here overnight and a touch of 15220 to see if the large buyers are still there. Will have to watch the PA to see if there could be further momentum to the downside. Very suspicious moves today which is why I offloaded this morning...Never mind, always good to take profit off the table.

As for brokers, I use 2 ECNs and a Bank Platform...like to spread the risk as I dont trust any of them.
  • #164,851
  • Sep 10, 2009 1:26pm Sep 10, 2009 1:26pm
Quoting KillPhil08
It might be the futures price. If it isn't the futures price, arb the opportunity of free money now...

As for cable I think around here might be a nice R:R trade. 15 minute pin bar at the top of a trend. could aim for 16600 potentially. Depends if the indices explode up I'm guessing. I'm thinking shorts until asian open then close up for London.

Good day.
Doesn't appear to be futures, I don't know what it is- I think I'm going to have to remember to add 60 points to whatever I'm seeing..

Can this rally in the quity markets keep going? To me it's madness, just blind optimism. Still I'm not going to call a top yet? Seems to me US equities are the main thing keeping cable up now.

It's looking like tomorrow I might have to admit defeat on my short call and regroup- I really hope not.
  • #164,852
  • Sep 10, 2009 1:28pm Sep 10, 2009 1:28pm
Quoting nAVIN2007
great story DT..it shows u have strong resolve and are a fighter..cheers to the good times i found reading what u wrote to be very inspirational..
Glad you found it inspirational, it just shows that we all have lost a lot to get where we are today. No-one told me it would be easy, and they were right lol.
  • #164,853
  • Sep 10, 2009 1:31pm Sep 10, 2009 1:31pm
Quoting spintrader
Doesn't appear to be futures, I don't know what it is- I think I'm going to have to remember to add 60 points to whatever I'm seeing..

Can this rally in the quity markets keep going? To me it's madness, just blind optimism. Still I'm not going to call a top yet? Seems to me US equities are the main thing keeping cable up now.

It's looking like tomorrow I might have to admit defeat on my short call and regroup- I really hope not.
Wonder what the Christmas figures are going to be like this year, usually makes indices and currencies rally but with high unemployment are people really going to have a very merry Christmas is the question. Calling a top is going to be a toughy.

Don't forget there are more than one future contract, pretty sure they might have been rolling from September to December. HTH.

You should try Dukascopy D-T, never more than 3-4 pip spreads in the worst of times on GJ I hear.

Really like your charting skills, night man.
  • #164,854
  • Sep 10, 2009 1:31pm Sep 10, 2009 1:31pm
Direct trade, thanks for sharing your story, it is quite inspirational. (Hope that other dude is not serious)

Still sitting here waiting for the cable to come back down. I have been trading it
once a day, my long was hit early this am, now I am short.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #164,855
  • Sep 10, 2009 1:33pm Sep 10, 2009 1:33pm
Quoting direct-trade
Glad you found it inspirational, it just shows that we all have lost a lot to get where we are today. No-one told me it would be easy, and they were right lol.
amen!.. aint that the truth
  • #164,856
  • Sep 10, 2009 1:34pm Sep 10, 2009 1:34pm
Quoting KillPhil08

You should try Dukascopy D-T, never more than 3-4 pip spreads in the worst of times on GJ I hear.

Really like your charting skills, night man.
Cheers mate, have a good one.

PS Not using Dukas ATM until I know the result of Swiss banking licenses application.
  • #164,857
  • Sep 10, 2009 1:40pm Sep 10, 2009 1:40pm
Quoting direct-trade
Havent been through the forum since this morning as I have been scalping and trying to figure out what is going on with this PA. Noticed the above post whilst reading through quickly, thought I would mention a couple of things:

If you are joking, then I hope the acid you talk about drinking in another post burns your balls off.

If you are serious, well what can I say?

Believe me, most of us here lost small fortunes before we started to become profitable. I remember my first loss, about £20000. That hurt, a lot. I sat with my head in my hands...
I consider this one of the best post I have read on FF. tnx
  • #164,858
  • Sep 10, 2009 1:48pm Sep 10, 2009 1:48pm
Quoting nAVIN2007
amen!.. aint that the truth
Hey buddy, you have a position now?
Ghost Rider - WWTBMD?
  • #164,859
  • Sep 10, 2009 2:10pm Sep 10, 2009 2:10pm
wow- a move down-but will it stick
  • #164,860
  • Sep 10, 2009 2:11pm Sep 10, 2009 2:11pm
Quoting direct-trade
Havent been through the forum since this morning as I have been scalping and trying to figure out what is going on with this PA. Noticed the above post whilst reading through quickly, thought I would mention a couple of things:

If you are joking, then I hope the acid you talk about drinking in another post burns your balls off.

If you are serious, well what can I say?

Believe me, most of us here lost small fortunes before we started to become profitable. I remember my first loss, about £20000. That hurt, a lot. I sat with my head in...
Firstly, well done Gabriel for spending time checking on the well-being of another poster. Also, great post DT. It's always good to hear about the journey of another trader.

However, I really think that Topstyles should completely forget about trading, either as a career choice or just a hobby. I know this doesn't fit with the "never give up", "you can do anything" type of philosophy that is so popular these days. I am sure he can, and hopefully will, achieve great success in his life with many endeavours, but trading is not going to be one of them. I am just being honest and forming my opinion based on his reaction to today's losses. Trading doesn't suit everyone, in the same way as being a doctor isn't for suitable for all.

Success in trading is as dependent on our individual psychology as much as robust strategies and accumulated knowledge and experience. This guy claimed to be on the verge of suicide after a few losses. This is not right. Losses are a certainty in this game, particularly so for newer traders just starting out. It's how you deal with these losses, learn from them and, most important, accept them, that is key to a trader's longevity.

I wish you nothing but the best, Topstyles. But please learn the lesson from today that trading is not for you, and don't subject yourself to this kind of personal trauma again.
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