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Cable Update (GBPUSD)

  • #169,901
  • Sep 27, 2009 11:53pm Sep 27, 2009 11:53pm
Quoting XTrade
True!
Sorry, I always have volume open!!! So used to it I forgot!
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #169,902
  • Sep 27, 2009 11:56pm Sep 27, 2009 11:56pm
Quoting Que
If the minimum trade you can make is $1 per pip, and you have $1000 in your account....

I would suggest moving to a broker that is friendlier to smaller accounts. As it has been said on many occasions... This is only my opinion and take it for what it's worth.

Que
Maybe can try instaforex (dot) com. It has demo account, and you can trade mini and microlot. I am using this one currently.
  • #169,903
  • Sep 27, 2009 11:57pm Sep 27, 2009 11:57pm
Quoting XTrade
Yes, this is correct, you nailed it.

I am just being honest and wanting to learn from a bunch of great guys.

I hope to have the capital to set 200 pip stop loss one day but the reality is that I am not there and cannot get there by losing money.

I am reading and researching and following world news....
one thing you are doing wrong is reading world news

Just learn to trade what is on your charts.

If you are biased by news your mind will not be free
Blogging daily now at www.volume.zone
  • #169,904
  • Sep 28, 2009 12:05am Sep 28, 2009 12:05am
Thanks MalcomB,

I do not base my trades on world news, however was reading anyway before started trading. I try make myself aware of the reports so I do not get caught on the wrong side - during a short term trade.

My action is based mostly on what the chart says. Learning more ways to read charts is my goal. So far it given me lots!

Probably doing other things wrong, but I am here to learn.

Once again, I do not want to disrupt the thread and apologize if i have done so. Thank you for your input.

Quoting malcolmb14
one thing you are doing wrong is reading world news Just learn to trade what is on your charts.
If you are biased by news your mind will not be free
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,905
  • Sep 28, 2009 12:08am Sep 28, 2009 12:08am
Quoting XTrade
True!
Sorry, I always have volume open!!! So used to it I forgot!

YES, PC is for trading ONLY. Nothing else AT all.

BTW long @ 5785
I am long and TP @ 1.6026 does that sound good Xtrader
  • #169,906
  • Sep 28, 2009 12:26am Sep 28, 2009 12:26am
Quoting Savage
I am long and TP @ 1.6026 does that sound good Xtrader
Wow, I am flattered! The area of retracement I was looking at has been reached as of RIGHT now.

That is NOT AT ALL to say she will not go higher. tonight

But for short term I was looking to get out in the 5850 area then possibly short again.

This will depend on what YOUR strategy is. As of now if you want to exit tonight it sounds high.

What is TF for exit?

EDIT--- SAVAGE, may want to TP now. If you are LIVE please use caution ---
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,907
  • Sep 28, 2009 12:27am Sep 28, 2009 12:27am
Quoting Savage
I am long and TP @ 1.6026 does that sound good Xtrader
up move weak .. look s like reversal set up 1.5850

up move no volume ...
Blogging daily now at www.volume.zone
  • #169,908
  • Sep 28, 2009 12:28am Sep 28, 2009 12:28am
Morning chaps,

Whats the feeling for today, a retrace?
Or a continued freefall?

I personally feel the move is down this week, however may see a bit of a claw back this morning...however could be well off the mark!
  • #169,909
  • Sep 28, 2009 12:33am Sep 28, 2009 12:33am
My 1.5844 sell activated...

Gonna take a shower.

Que
Que
  • #169,910
  • Sep 28, 2009 12:33am Sep 28, 2009 12:33am
Quoting malcolmb14
up move weak .. look s like reversal set up 1.5850

up move no volume ...
Looking for short conformation in this range.

Short term that is.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,911
  • Sep 28, 2009 12:38am Sep 28, 2009 12:38am
Quoting XTrade
Wow, I am flattered! The area of retracement I was looking at has been reached as of RIGHT now.

That is NOT AT ALL to say she will not go higher. tonight

But for short term I was looking to get out in the 5850 area then possibly short again.

This will depend on what YOUR strategy is. As of now if you want to exit tonight it sounds high.

What is TF for exit?

EDIT--- SAVAGE, may want to TP now. If you are LIVE please use caution ---
I got out at 5850
  • #169,912
  • Sep 28, 2009 12:45am Sep 28, 2009 12:45am
Quoting XTrade
Looking for short conformation in this range.

Short term that is.
15847 short with stop be +1


target another 40 pip before bed
Blogging daily now at www.volume.zone
  • #169,913
  • Sep 28, 2009 12:49am Sep 28, 2009 12:49am
Quoting malcolmb14
15847 short with stop be +1


target another 40 pip before bed
Wow!!!! Malcomb 10 Pips per minute
  • #169,914
  • Sep 28, 2009 12:52am Sep 28, 2009 12:52am
Quoting malcolmb14
15847 short with stop be +1
target another 40 pip before bed
YES - short placed @ 1.5845
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,915
  • Edited 12:56am Sep 28, 2009 12:53am | Edited 12:56am
Good day to you all,

Wow... busy market!

I am attaching chart with levels of importance to me at this point. Chart numbered and referenced:

1) Lower level of Daily channel by lows has formed @ 1.5808. This has seemed to call price back for the interim. A break back underneath and then through the 1.5800 round number may see further selling.But I would only consider further short if 1.5766 goes, with a possible bounce back from 1.5742.
2) The 50% line of the week is sitting @ 1.5872 - but this level should still be weak in terms of significance, as the week is young.
3) 1.5890 is a range level that may serve as a barrier
4) Above this, Support turned resistance now @ 1.5915

Note: possible pin formation on 1hr

Wish you success

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu101.gif Size: 16 KB
  • #169,916
  • Sep 28, 2009 1:00am Sep 28, 2009 1:00am
Doing well, moved stop to BE.

Huge pin on H1... London should drop this thing like a rock.

Que
Que
  • #169,917
  • Sep 28, 2009 1:07am Sep 28, 2009 1:07am
Quoting Que
Doing well, moved stop to BE.

Huge pin on H1... London should drop this thing like a rock.

Que
CRASH N' BURN BABY!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,918
  • Sep 28, 2009 1:11am Sep 28, 2009 1:11am
yeah cable is gonna be stubborn, but should break the 1.5770 region, and then fall off
Trade Like a Robot make money Like a Bank
  • #169,919
  • Sep 28, 2009 1:16am Sep 28, 2009 1:16am
1.5800 being stubborn ..strong support daily will not give easily

london has not been where the big moves have been ... mostly big moves coming from the us session and asia last week

so with that in mind this thing could go sideways in some form of range between now and us.
Blogging daily now at www.volume.zone
  • #169,920
  • Sep 28, 2009 1:18am Sep 28, 2009 1:18am
Anyone got open positions?
Trade Like a Robot make money Like a Bank
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