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Cable Update (GBPUSD)

  • #168,701
  • Sep 24, 2009 5:32am Sep 24, 2009 5:32am
Quoting albchr
No way dude, I'm getting my 6130 first....
crap ... okay go get paid bro
Thank You
  • #168,702
  • Sep 24, 2009 5:33am Sep 24, 2009 5:33am
Quoting direct-trade
BTW, Good MM is essential, good choice.
Yep, for the account. Nope for the bills.
Ghost Rider - WWTBMD?
  • #168,703
  • Sep 24, 2009 5:34am Sep 24, 2009 5:34am
shit I got nothing to do now ...
















maybe I should go short euro
Thank You
  • #168,704
  • Sep 24, 2009 5:35am Sep 24, 2009 5:35am
Quoting gammase1
Agreed, 100%.

We're trading in a range with cable, 6110-6750, which obviously has to break eventually.

In my mind, the combination of the unfolding fundamentals and deteriorating market sentiment towards sterling, makes a downside break of that range seem the FAR more plausible scenario.
The equity markets are beginning to look again to realism instead of blind optimism- a substantial correction in the stock indexes should bring about some dollar strength.

Also the gold bubble's got to burst in my opinion.

There's got to be a ton of stops located sub 1.6130-50 area, a decisive break should trigger a tumble to 1.6000
  • #168,705
  • Sep 24, 2009 5:36am Sep 24, 2009 5:36am
It slowed down quite a bit.
I wonder if bears are waiting for an upspike from the "unemployment claims" news (about 2 hours from now) to sell from the higher price.
  • #168,706
  • Sep 24, 2009 5:38am Sep 24, 2009 5:38am
Quoting wormboy
crap ... okay go get paid bro
No worries bro. Once we hit 6130 I'll reverse and go long. I'm sure my 1 or 2 dollars per pip will be enough to push it back up to the 270 you want....
Ghost Rider - WWTBMD?
  • #168,707
  • Sep 24, 2009 5:38am Sep 24, 2009 5:38am
Quoting wormboy
shit I got nothing to do now ...

maybe I should go short euro
Attached Image
  • #168,708
  • Sep 24, 2009 5:39am Sep 24, 2009 5:39am
Ok Time to book Dragon profits.... opened at 149.42 closed 146.58 +284 pips

EUR and Cable still holding shrts
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #168,709
  • Sep 24, 2009 5:41am Sep 24, 2009 5:41am
Quoting gammase1
The so-called "big boys" (the likes of DB, UBS, Citi, BARC, GS, HSBA) could not give a shit about retail traders, of that there is no doubt, given the gigantial size of the FX market and the tiny proportion of that daily turnover comprising of retail flows.
To go long you need to buy from someone... why not force others into selling by scaring them(spike down), so you can buy lower? There is a risk since they are not alone in the market, but it`s been done and it will most likely be done over and over... not becouse they hate us, but for that little bit of extra money.

It`s hard on euro as it`s the most traded currency, but it`s not that hard to manipulate other less traded currencies. Maybe retail is not the target, maybe it`s just the big fish(banks) eating the smaller ones and we are in the way.
  • #168,710
  • Sep 24, 2009 5:42am Sep 24, 2009 5:42am
Quoting newnew
I am short from fibo 38.2, at 1.6338, I will take profit at fibo level 0, at 1.6132 and get long from it level.

I am ready to close my profit, for now 158 pips and I will be long from 130-140 zone.
  • #168,711
  • Sep 24, 2009 5:43am Sep 24, 2009 5:43am
hey Chris, good evening everyone,

you never know... you may get there faster then you think.

If we get some serious moves down before you have to take out for bills, you can increase your lots without messing up your mm and potentially have more of a base to work with next month.


Quoting albchr
LOL...Option #1 is what I want to do when and "if" I ever have enough to do it with. But Unless I shrug off proper mm and start taking some serious risks, I fear it will take years to get there....
  • #168,712
  • Sep 24, 2009 5:45am Sep 24, 2009 5:45am
Hot Latest Charts !
Attached Image(s) (click to enlarge)
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  • #168,713
  • Sep 24, 2009 5:46am Sep 24, 2009 5:46am
Quoting Bull_Bear
GM you MUG, where you been bro?... welcome to the short side.... Guess theres no more trash talk for the time being.
lol...

Wassup bro...

since she's been acting very lady-like, I decided to do less screen-time....
how's trading bro?
Hear the music before the song is over ...
  • #168,714
  • Sep 24, 2009 5:46am Sep 24, 2009 5:46am
Still holding Short 15220 and 15020 but looking for rise to add further Shorts.

Long from here, mid 146: targets: 14725, 14775, 14825, 14878
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  • #168,715
  • Sep 24, 2009 5:49am Sep 24, 2009 5:49am
Quoting wormboy
I'm gonna pray for a small pull
im riding this like mofo all the way to hell
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  • #168,716
  • Sep 24, 2009 5:50am Sep 24, 2009 5:50am
Quoting Fudomyo
hey Chris, good evening everyone,

you never know... you may get there faster then you think.

If we get some serious moves down before you have to take out for bills, you can increase your lots without messing up your mm and potentially have more of a base to work with next month.
Good evening sir!

That would be sweet for sure. I turn my phone off now so I don't hear all the collection calls all day. It just adds stress and the temptation to risk more.

OK, just took another 25% @ 6180. 50% running and stop moved to 6165. Sorry Azim, Can't have that 270 anymore...
Ghost Rider - WWTBMD?
  • #168,717
  • Sep 24, 2009 5:51am Sep 24, 2009 5:51am
Quoting wormboy
lol cesar sees 5000, that's 300 lower than my 5300.
Bring that dancing bear over bro
LOL... let's call it 1.5ish then....

Was just a headsup. It's not triggered yet and it's not short term. But could be a nice setup that takes WEEEEKKKKKKKSSSS to form.
  • #168,718
  • Sep 24, 2009 5:51am Sep 24, 2009 5:51am
Quoting alexandru987
To go long you need to buy from someone... why not force others into selling by scaring them(spike down), so you can buy lower? There is a risk since they are not alone in the market, but it`s been done and it will most likely be done over and over... not becouse they hate us, but for that little bit of extra money.

It`s hard on euro as it`s the most traded currency, but it`s not that hard to manipulate other less traded currencies. Maybe retail is not the target, maybe it`s just the big fish(banks) eating the smaller ones and we are in the way....
The top houses have the advantage of knowing exactly where large order flows are situated. I'm not talking about relatively insignificant retail clients trade flows, but instead the largest institutional trades.

These major interbank players are also in constant contact with interbank brokers and institutional clients, so their "feel" of the market is second to none. They also have constant contact with their colleagues on the rates, credit and FX options trading desks, in addition to the global sales teams.

In addition to all of the above, they have the best economists and quantitative guys on hand to immediately provide in-depth analysis on breaking economic news or data.

However, despite all of this, the money they make from FX is nearly all from their role as a market-maker, standing in the way of buyers and sellers, and not from proprietary trading - which can sometimes be a hit and miss affair in terms of P&L.

Retail traders are never the target for these big players.
  • #168,719
  • Sep 24, 2009 5:53am Sep 24, 2009 5:53am
Quoting Hasnaa
Hot Latest Charts !

Queenie,

We got charts here "en Mass"

Please show us something else HOT!!!!!
Hear the music before the song is over ...
  • #168,720
  • Sep 24, 2009 5:53am Sep 24, 2009 5:53am
Quoting nAVIN2007
im riding this like mofo all the way to hell
Have you taken any profit yet?
Ghost Rider - WWTBMD?
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