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Cable Update (GBPUSD)

  • #168,361
  • Sep 23, 2009 1:36pm Sep 23, 2009 1:36pm
nm on the % I read the first one wrong.

Nicely done lion. Well played.

Can't really laugh at that...

Que

Quoting forexlion
All Longs Hit Targets and Closed

So, who was laughing at me
Que
  • #168,362
  • Sep 23, 2009 1:36pm Sep 23, 2009 1:36pm
Hello.,

I just traded off the GBP/USD.. right off the FED rate.. my problem was my entry was at 1.4770 and got filled LONG.. but in a split second my account frooze anbd I reached my SL of 10 pips. I know its a tight STOP.. but how can it go down.. and then right back up in seconds?
Is this how the broker's get you? I mean.. if 100 people got stopped out.. that means 100 ppl less to pay out..
Well. my TP of 50 pips would of been reached. Maybe I should of place SL at 25 pips..

Alpari UK
  • #168,363
  • Sep 23, 2009 1:36pm Sep 23, 2009 1:36pm
Indian Summer here...

Forecasted HOD +34 Celsius, can't think of a better reason for a cold beer.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #168,364
  • Sep 23, 2009 1:37pm Sep 23, 2009 1:37pm
Quoting Alpha Hamste
Didn't make sense funds rate remain the same...whazzup with the high spikes?
even george bush knew rates were not going up

but they like to pare back just before the announcement and then whizz up

happens every time and it will happen next time too
  • #168,365
  • Sep 23, 2009 1:37pm Sep 23, 2009 1:37pm
Quoting Alpha Hamste
Didn't make sense funds rate remain the same...whazzup with the high spikes?
The spikes are a norm during news release such as this one
Thank You
  • #168,366
  • Sep 23, 2009 1:37pm Sep 23, 2009 1:37pm
Price reacts to fomc the upside finding resistance and a 1min and supporting 5min reversal set-up , 1min shown below;Mni had earlier touted offers at the 6465/70 area, the prev 1hr swing lo with 76.4% 6567-6111
http://i34.tinypic.com/2ch9xyg.gif
Nice 1min reversal set-up..Reversal Extreme (cci hook)
http://i33.tinypic.com/2r47jur.gif
and here is the trade, short @ 52 closed at 30 for +22pips before price takes a bounce up again off previous 5min swing hi zone... (classic sell the first hi, [buy the first lo]buy the first dip [sell the first dip] news strategy)
http://i37.tinypic.com/15ofeww.gif


G/L all
ex member
  • #168,367
  • Sep 23, 2009 1:38pm Sep 23, 2009 1:38pm
Quoting Que
You made 447% today....

Can't really laugh at that...

Que
That's like 3129% in Dog!

Now them's is a lotta Scooby Snax!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #168,368
  • Sep 23, 2009 1:38pm Sep 23, 2009 1:38pm
Quoting allserene

but they like to pare back just before the announcement and then whizz up

happens every time and it will happen next time too

you got it, chief....
Hear the music before the song is over ...
  • #168,369
  • Sep 23, 2009 1:39pm Sep 23, 2009 1:39pm
Quoting wormboy
I was, but I forgot to switch back to the higher tf. lol
why do you hope no one was short? I am still holding short
Rather for a scalp, I will be short again, funny I just thought of your thread, while I took a 2 min break!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #168,370
  • Sep 23, 2009 1:42pm Sep 23, 2009 1:42pm
Quoting XTrade
Rather for a scalp, I will be short again, funny I just thought of your thread, while I took a 2 min break!
ohhh ok
Thank You
  • #168,371
  • Sep 23, 2009 1:42pm Sep 23, 2009 1:42pm
Bearish div, it shouldn't go far
Attached Image (click to enlarge)
Click to Enlarge Name: gu-092309.gif Size: 20 KB
  • #168,372
  • Sep 23, 2009 1:43pm Sep 23, 2009 1:43pm
Quoting allserene
even george bush knew rates were not going up

but they like to pare back just before the announcement and then whizz up

happens every time and it will happen next time too
Thanks...still licking my wound and catching my breath atm. Just shocking seeing my equity drained by 30%. I expected something like this would happen, but not THAT much

Roger that as well WB, thanks!!
  • #168,373
  • Sep 23, 2009 1:43pm Sep 23, 2009 1:43pm

  1. If FOMC increases rates, USD strebgthens and we see GU spike down
  2. If FOMC reduces rates, USD weakens and we see GU fly.
  3. If FOMC does not change anything, then subject to the prevailing economic scenario, USD weakens and we see a spike up in GU which is TEMPORARY


In short, this spike is temporary in nature, give it time till europe open to settle down.

  • #168,374
  • Sep 23, 2009 1:44pm Sep 23, 2009 1:44pm
Quoting wormboy
The spikes are a norm during news release such as this one
..no time to type
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.gif Size: 35 KB
  • #168,375
  • Sep 23, 2009 1:44pm Sep 23, 2009 1:44pm
Quoting mktjong
Bearish div, it shouldn't go far
  • #168,376
  • Sep 23, 2009 1:44pm Sep 23, 2009 1:44pm
Quoting TauTrader
Good day to you all,

Walked away from this with +3......

Had to dance like Van Damme to nurse the mess. Chris, I will join you for a toothpick buying spree - can I get a minty one for all my profits made on this one?
Gold plated with a carrying case I should think! Way to go bro...
Ghost Rider - WWTBMD?
  • #168,377
  • Sep 23, 2009 1:45pm Sep 23, 2009 1:45pm
You did not have a stop in place?

Que

Quoting Alpha Hamste
Thanks...still licking my wound and catching my breath atm. Just shocking seeing my equity drained by 30%. I expected something like this would happen, but not THAT much

Roger that as well WB, thanks!!
Que
  • #168,378
  • Sep 23, 2009 1:45pm Sep 23, 2009 1:45pm
Quoting forexlion
.. ..
  • #168,379
  • Sep 23, 2009 1:46pm Sep 23, 2009 1:46pm
...
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.gif Size: 42 KB
  • #168,380
  • Sep 23, 2009 1:46pm Sep 23, 2009 1:46pm
Quoting Alpha Hamste
Thanks...still licking my wound and catching my breath atm. Just shocking seeing my equity drained by 30%. I expected something like this would happen, but not THAT much

Roger that as well WB, thanks!!
30%?!
Thank You
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