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Cable Update (GBPUSD)

  • #175,381
  • Oct 13, 2009 2:31am Oct 13, 2009 2:31am
Quoting belekas
Ok. Im out. You know where to find me, if something, hala
  • #175,382
  • Oct 13, 2009 2:32am Oct 13, 2009 2:32am
Quoting nAVIN2007
well im hoping the news breaks the low on here then i smile.. so far just sticking to plan brother!

nice to see u on the short as well always encouraging to know a fellow respected trader on the same submarine
D2! The mighty Ducks!!
Thank You
  • #175,383
  • Oct 13, 2009 2:34am Oct 13, 2009 2:34am
Quoting antic81
Hey bud,

Yip, pretty much exactly the same, 4 HR as a reference and M5 as an entry.

Only thing is I am a scalper, with an innitial target of just 30 pips, then I look to see what kind of momentum we have at that point, then 40 pips if its good and if its really good I may push the boat out and go for 50! These are small trades in comparison to WB and a lot of others including yourself, I run a tight stop of just 20 pips and try to take 40 more times than not.

Right now I am looking seriously at a short, however waiting for a nice little retrace...
Who doesn't have a chance to entry at the top or at the bottom but want to trade, just only scalp is the best choice. And is of course not only short we do. Therefore just trade by ourself, no by opinion of them who have hundred of pips gain by the trade that hold from the top/bottom !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #175,384
  • Oct 13, 2009 2:34am Oct 13, 2009 2:34am
Hello to allz
howz u BB n howz trading
  • #175,385
  • Oct 13, 2009 2:34am Oct 13, 2009 2:34am
Quoting wormboy
D2! The mighty Ducks!!
  • #175,386
  • Oct 13, 2009 2:36am Oct 13, 2009 2:36am
Quoting nAVIN2007
well im hoping the news breaks the low on here then i smile.. so far just sticking to plan brother!

nice to see u on the short as well always encouraging to know a fellow respected trader on the same submarine
Nice work bro I see your trend line trading is very solid now....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,387
  • Oct 13, 2009 2:39am Oct 13, 2009 2:39am
Quoting Faryad
Hello to allz
howz u BB n howz trading
Hey Faryad,

Hope when this decides to break I should make enough BEER money.

Hopefully your riding her too
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,388
  • Oct 13, 2009 2:40am Oct 13, 2009 2:40am
G/M all.....Potential support zone around y/day's lows is where price has found demand so far this london session after a generally bearish asian/overnight session. Y/day's recovery off 5727 Lo was capped around the 76.4% fib of that Monday move down..That 3 fib cluster of the moves up from and including 3505, -7044 @ 5747-16-5692 area is still below current price, the latter 5692 being 38.2% of main 3505-7044 move.

Uk Cpi/Rpi data due @ 0830am gmt..

G/L

http://i35.tinypic.com/2wgvwjm.gif
ex member
  • #175,389
  • Oct 13, 2009 2:41am Oct 13, 2009 2:41am
Quoting nAVIN2007

Brother do u see 5300 till friday?
  • #175,390
  • Oct 13, 2009 2:42am Oct 13, 2009 2:42am
Quoting Bull_Bear
Hey Faryad,

Hope when this decides to break I should make enough BEER money.

Hopefully your riding her too
just back BB looking for entry waiting for news

now look like cable holds 1.5782 area for now
  • #175,391
  • Oct 13, 2009 2:46am Oct 13, 2009 2:46am
Quoting pakitrader
Brother do u see 5300 till friday?
if you already in profit, just lock it in & don't worry about a thing bro.
If she gets there, good. If not, it's still all good! Nothing more comfortable in trading when the odds are no longer against you
Thank You
  • #175,392
  • Oct 13, 2009 2:46am Oct 13, 2009 2:46am
Quoting nAVIN2007
u are doing great bro! 60% stike rate is good..just concentrate more on the winning positions giving u more

Hey mate,

Yeah, working on a few ideas, because I use a spread betting platform I have to manualy do certain things, however the good thing is that I am tax free as it is seen as gambling and therefore tax exempt, however this is only in the UK and only using spreadbetting platforms, not brokers.

I was using a broker on another really small account just playing around with microlots and they ended up messing me about, you know with that re-quote that pops up and stalls you taking your money out, or putting it in, used to annoy the hell out of me!

At the moment, I use £2 a point, if I can maintain a good strike rate and break last months £250, I may increase to £3, if I do, then I plan on taking £2 off at target and leaving £1 to ride the bigger move and trailing the stop in close, see how that works, trading will be quite a busy time when I do that, as I just dont think the platform will can do that, so it will have to be a manual operation!

Im in it for the long run, not trying to make hundreds a day or anything, just a little more each month.

We're all in it together!

Best of luck!
  • #175,393
  • Oct 13, 2009 2:48am Oct 13, 2009 2:48am
Quoting Bull_Bear
Thats your daily set-up .... Do you see the line in the sand??
No, I see the line in the hell next year ! But currently I like + 40 pips in the light filght !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #175,394
  • Oct 13, 2009 2:49am Oct 13, 2009 2:49am
Uk data due @ 0830am gmt has moved the market in the past...yellow highlighted area is the prev mth's no's...other is the forecast. As usual it will deviation from prev and forecast as well as any revisions to prev that factor in market reaction to it.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 13 KB
ex member
  • #175,395
  • Oct 13, 2009 2:51am Oct 13, 2009 2:51am
UK CPI y/y BUY 1.5% SELL 1.1% GBP/USD
Our surprise factor (or deviation) is at 0.2%. If the yearly
Inflation number increases to a surprise of 1.5% then we will BUY of
GBP/USD. If the Inflation number decreases to 1.1% or less, we'll
look to SELL GBP/USD. Historically, even at a difference of 0.1%,
we tend to see the market overreact. If our S. Factor gets hit,
there is a probability of over 80% that the market will move 50 pips
within the next 30 minutes.

Even with the recent MPC Rate Decision leaving both Official
Interest Rate and the APF program unchanged, Cable is still the
biggest loser out of all major currencies. If this release were to
support Sterling with a less than expected decline in inflation, GBP
could start to recover from recent losse; however, if we get a less
than 1.0% yearly reading, Sterling may start to drop sharply as
1.00% yearly CPI is a psychological number.
  • #175,396
  • Oct 13, 2009 2:52am Oct 13, 2009 2:52am
Quoting wormboy
if you already in profit, just lock it in & don't worry about a thing bro.
If she gets there, good. If not, it's still all good! Nothing more comfortable in trading when the odds are no longer against you
U r right brother
  • #175,397
  • Oct 13, 2009 2:54am Oct 13, 2009 2:54am
Quoting manize
No, I see the line in the hell next year ! But currently I like + 40 pips in the light filght !
Make sure you hold on tight to the +40 pips bro.....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,398
  • Oct 13, 2009 2:56am Oct 13, 2009 2:56am
Quoting Bull_Bear
Nice work bro I see your trend line trading is very solid now....
thanks bro! ..certainly getting better!
  • #175,399
  • Oct 13, 2009 2:57am Oct 13, 2009 2:57am
Come-on EUR, you have been the thorn in my butt...
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.JPG Size: 120 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,400
  • Oct 13, 2009 3:01am Oct 13, 2009 3:01am
Quoting Bull_Bear
Make sure you hold on tight to the +40 pips bro.....
No marry, just scalped bro !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
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