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Cable Update (GBPUSD)

  • #165,441
  • Sep 14, 2009 4:49pm Sep 14, 2009 4:49pm
Quoting nAVIN2007
"the only time i lose less is when i trade less"

scalper = killed!!!!!!

bro gbpflx is falling and cabe aint moved....the piece of crap!!
looks like we holding again...
lol I told you we'll consolidate before we fall further bro
Good thing there's redtube
Thank You
  • #165,442
  • Sep 14, 2009 4:50pm Sep 14, 2009 4:50pm
Quoting GlobalMacro
True scalping cannot be performed in FX markets much less through a retail broker. 5,10, 20, 30 even 40 pips irrespective of TF cannot be considered scalping; this is still position trading albeit with short time horizon.

Now anybody interested in scalping should seek to trade in electronic futures markets, have access to order book and be able to read and apply that.
Even so, one needs to bear in mind that you're trading up against huge players (i.e. market makers) who make a living doing this often with huge amounts of investment, access to...
1000% agree....u going against the odds
  • #165,443
  • Sep 14, 2009 4:51pm Sep 14, 2009 4:51pm
Quoting GlobalMacro
True scalping cannot be performed in FX markets much less through a retail broker. 5,10, 20, 30 even 40 pips irrespective of TF cannot be considered scalping; this is still position trading albeit with short time horizon.

Now anybody interested in scalping should seek to trade in electronic futures markets, have access to order book and be able to read and apply that.
Even so, one needs to bear in mind that you're trading up against huge players (i.e. market makers) who make a living doing this often with huge amounts of investment, access to...
she hinted bro
Thank You
  • #165,444
  • Sep 14, 2009 4:51pm Sep 14, 2009 4:51pm
Quoting wormboy
lol I told you we'll consolidate before we fall further bro
Good thing there's redtube
  • #165,445
  • Sep 14, 2009 4:52pm Sep 14, 2009 4:52pm
later fellas. I need to zzzzzzzzzzzzzz. take care
Thank You
  • #165,446
  • Sep 14, 2009 4:57pm Sep 14, 2009 4:57pm
Quoting wormboy
later fellas. I need to zzzzzzzzzzzzzz. take care
catcha tomorrow....im off myself..
  • #165,447
  • Sep 14, 2009 5:00pm Sep 14, 2009 5:00pm
Quoting wormboy
she hinted bro
lol...I need to see this honey dancing above 1.6600 bro...before deciding on direction tho...
btw what's up with usdx, is it on dope or what? looks like a fake double bottom to me....
equities pulled a real strong reversal
gold still flirting 1000
and usdx in limbo???

I'm still staying out...

well....I'm outta here too...

Cya LDN...
Hear the music before the song is over ...
  • #165,448
  • Sep 14, 2009 6:42pm Sep 14, 2009 6:42pm
CHA CHING!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #165,449
  • Sep 14, 2009 6:51pm Sep 14, 2009 6:51pm
magix did you short
  • #165,450
  • Sep 14, 2009 7:07pm Sep 14, 2009 7:07pm
Quoting trabagwe
magix did you short
Cripes NO!

I ain't shorting this bitch...not now anyways...when we come to the top of my daily chart, then....I will look to short.

As of now, ride the tide!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #165,451
  • Sep 14, 2009 7:11pm Sep 14, 2009 7:11pm
Quoting wormboy
by the way, new traders.
This is the link to Wayne Jackson's thread:
http://www.forexfactory.com/showthread.php?t=27286

He is the real deal.
Thank you guys, Wormboy, nAVIN, Malcomb, to being receptive to the new traders here. I have learned so much and had many laughs reading through your posts.

In any case, I have had my most luck and been able to be consistently profitable on cable trades. However, what constitutes scalping?
Some say a few seconds or minutes... Is there a cut off...

Cable is not the best for scalping for from what I can see, due to the high spread. However, I enjoyed 30 pips today shorting it.

I prefer the movement of cable as opposed to EUR/USD.

Thanks again guys.

edit: BTW, correct me if I am wrong, but it seems that noobs trying to scalp do not look at the longer term charts first, at least to see what the general,
trend is and how this may affect the 15, 10, 5 min charts, before scalping?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #165,452
  • Sep 14, 2009 7:13pm Sep 14, 2009 7:13pm
Well, Dragon finally closed the gap, sadly, not so many more predictive plays on her as this was...At least not this week....Anywhooooooooo.....Made a very nice tidy profit on this prick!

So far, this week has fallen short of last weeks gains by about 20 pips....Lets go TUESDAY!

Cha Ching!

Scratch the above...closed out my long as a profit protector on GU, and am now ahead by +30.....

Watch for the fall back for another long run. Bring on the bears baby, daddy wants a discount!

See yaz in 8hrs!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #165,453
  • Sep 14, 2009 7:37pm Sep 14, 2009 7:37pm
Peace! Good stuff!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #165,454
  • Sep 14, 2009 7:40pm Sep 14, 2009 7:40pm
Holding my shorts on Gu and GJ, until I see 151.51 from GJ, sit and watch now.
"Hate the sin, love the sinner." - Gandhi
  • #165,455
  • Sep 14, 2009 7:53pm Sep 14, 2009 7:53pm
any thoughts about EUR/JPY guyz ?
  • #165,456
  • Sep 14, 2009 8:04pm Sep 14, 2009 8:04pm
im short GU.
  • #165,457
  • Sep 14, 2009 8:07pm Sep 14, 2009 8:07pm
Quoting roreki
any thoughts about EUR/JPY guyz ?
I'm so close to pulling the trigger short on her. But I'd like to see what this next bar does.
Attached Image (click to enlarge)
Click to Enlarge Name: ej_1hour.gif Size: 29 KB
Ghost Rider - WWTBMD?
  • #165,458
  • Sep 14, 2009 8:10pm Sep 14, 2009 8:10pm
Just booked more, short cable. Got out, now short again.
Waiting for, 6590.

What is the preferred time chart on this thread?

seems to be Hourly, any one trade on lower charts?

edit: oh you guysare talking dragon, what is the spread you have? mine is about 3 pip 4 pips right now, as high as 8! though
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #165,459
  • Sep 14, 2009 8:13pm Sep 14, 2009 8:13pm
Quoting albchr
I'm so close to pulling the trigger short on her. But I'd like to see what this next bar does.

two 15 min pinbars you can never go wrong with that
also support turning into resistance if u look to the left (which you already did probably)
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #165,460
  • Sep 14, 2009 8:15pm Sep 14, 2009 8:15pm
Quoting alex1976
im short GU.
Hellzz!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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