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Cable Update (GBPUSD)

  • #177,621
  • Oct 20, 2009 3:35am Oct 20, 2009 3:35am
Quoting Turveyd
For all you want to be shorts the trend is still UP, don't fight it.


And there is no need for charts, this isn't open for debate this is a absolute, yes it might change in 20mins, but the odds are it won't, never bet on change.
What Ever!
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,622
  • Oct 20, 2009 3:37am Oct 20, 2009 3:37am
Quoting antic81
Hi there,

Unlike brokers its not actually $'s it is in fact £'s and pence as lot sizes (at least mine is, you can possibly set it up differently, as its a spreadbetting platform and not a broker as such, which also means all winnings are tax free!
Oh I see. Mine is a traders account and not spreadbetting so it actually shows the amount in dollars. Anyway GL mate.
You've got to be IN IT to WIN IT!
  • #177,623
  • Oct 20, 2009 3:38am Oct 20, 2009 3:38am
Short Dragon 148.00... SL..149.20...Tp.. 146.00
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,624
  • Oct 20, 2009 3:39am Oct 20, 2009 3:39am
Quoting antic81
Hi there,

Thats strange, what type of account do you have with IG Index?

I have been with them since July and can still place trades at 10p a point??
Just tested it, my usuall lot size is £2, but it says on the ticket min 0.10?

Best of Luck!
I've got a Plus Account. I'd love to have your type of account!
Just checked mine ([email protected], minimum amount per pt = £0.5 is what it says)
A pip is only worth it if you know how much you risked to earn it
  • #177,625
  • Oct 20, 2009 3:39am Oct 20, 2009 3:39am
Quoting Bull_Bear
sell Cable 1.6384... SL.. 1.6475... TP.. open
What made you make that call?
90% LOSE, 10% WIN!!!!
  • #177,626
  • Oct 20, 2009 3:42am Oct 20, 2009 3:42am
Quoting Bull_Bear
sell Cable 1.6384... SL.. 1.6475... TP.. open
Quoting mloistianto
add short @ 1.6425.. Keep watching my trendlines. Yes Trend Lines. This may be a short lived trade.. Will close it if the trend clearly breached.

Reason: we got 5 consecutive daily bullish candles, near trendline, taking a retrace probability.

After all its only a probability. i'm not predicting anything. Just taking my chances.
Hi Mate Bull bear, let us short this cable.. Toast.. I'll treat u beer when i close my trade.. Cheers..
  • #177,627
  • Oct 20, 2009 3:44am Oct 20, 2009 3:44am
Quoting mloistianto
Hi Mate Bull bear, let us short this cable.. Toast.. I'll treat u beer when i close my trade.. Cheers..
Mike, stay away from BB. He is a dangerous man who is turning nice, decent family men into beer guzzling alcaholics. He's even got you thinking about beer this morning .
You've got to be IN IT to WIN IT!
  • #177,628
  • Oct 20, 2009 3:46am Oct 20, 2009 3:46am
Quoting Mr J
Different timeframes have different trends.
That is ok...just trade the TF that you are following corresponding TL on...

Btw the trend is only your friend as long as the trend is it continues trending with your trade

Jc
  • #177,629
  • Oct 20, 2009 3:48am Oct 20, 2009 3:48am
Quoting GlobalMacro
Good Morning,

Buying more at these bargain levels here @ 1.5712

Long AvgPrc now @ 1.5748

Good Morning,

Cable's PA showing no sign of waning momentum; Au Contraire:
Monday filled Sunday's gap and closed clearly above it, forming an outside bar engulfing friday's candle in addition to last week's outside bar bullish engulfing & this week's higher high.

Active Long Position Summary:

+688 pips from 1.5712
+579 pips from 1.5821

Total Open: +1267 pips

I will continue to carry longs!
Attached Images
Hear the music before the song is over ...
  • #177,630
  • Oct 20, 2009 3:52am Oct 20, 2009 3:52am
Quoting Ifty
Mike, stay away from BB. He is a dangerous man who is turning nice, decent family men into beer guzzling alcaholics. He's even got you thinking about beer this morning .
Dont worry mate. I know he is a dangerous man.. His trade is dangerous to be followed. But the good side, im not following him... The problem is, i cannot bare to see GM's Trade. Its superb.. man.. GM, Please could u treat me a cola??
  • #177,631
  • Oct 20, 2009 3:52am Oct 20, 2009 3:52am
Quoting player2345
What made you make that call?
I think i'm in the same trade. 1.6384 was 4 pips off the Fib 382 of 1.6388. Breaking that, I'm looking for a retest and TP of 1.6352 then go flat looking for a Long seat as overall i'm biased north, as per GM's post.
A pip is only worth it if you know how much you risked to earn it
  • #177,632
  • Oct 20, 2009 3:55am Oct 20, 2009 3:55am
Quoting mloistianto
Dont worry mate. I know he is a dangerous man.. His trade is dangerous to be followed. But the good side, im not following him... The problem is, i cannot bare to see GM's Trade. Its superb.. man.. GM, Please could u treat me a cola??
no problem man....It's a Cola treat ( a really cold one at that!) not only for you..but the whole room!
Hear the music before the song is over ...
  • #177,633
  • Oct 20, 2009 3:58am Oct 20, 2009 3:58am
Quoting vlady1974
I've got a Plus Account. I'd love to have your type of account!
Just checked mine ([email protected], minimum amount per pt = £0.5 is what it says)
You know what, I have the same account, I think they may have made a booboo on mine!lol!

I remember that I was told the same thing, min trade should be 50p a point, I remember there was an issue with my account and they had to reset it, maybe they cocked it up somehow!

Lucky me! hahaha!
  • #177,634
  • Oct 20, 2009 4:00am Oct 20, 2009 4:00am
Quoting antic81
You know what, I have the same account, I think they may have made a booboo on mine!lol!

I remember that I was told the same thing, min trade should be 50p a point, I remember there was an issue with my account and they had to reset it, maybe they cocked it up somehow!

Lucky me! hahaha!
A pip is only worth it if you know how much you risked to earn it
  • #177,635
  • Oct 20, 2009 4:20am Oct 20, 2009 4:20am
Quoting GlobalMacro

I will continue to carry longs!
Where do you think cable will turn?

1.6460 to 1.6500 seems to be a very strong resistance zone for cable from the chart.
- previous supports and resistance lines on 4 hour chart
- will be reaching the channel/trend line of the daily chart
- will be reaching the 61.8 fib fan line
  • #177,636
  • Edited 4:26am Oct 20, 2009 4:21am | Edited 4:26am
Quoting GlobalMacro
I will continue to carry longs!
Hi GM,
Interesting to see what will happen .....my views are a bit different....
I expect upper weekly trend line to hold...as it is also also cloud lower line....it usually makes a strong resistance....plus tenkan(yellow) stays below kijun (blue)
and mom indicator already turned down.....

For me, it means ranging day with weakening momentum and I'll wait still one or two days be4 shorting this market....we need big BOYZS to get in....

And of course, as usual, I may be wrong....
BTW shorted GJ and EJ

Happy trading day
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Non licet omnibus adire Corinthum
  • #177,637
  • Oct 20, 2009 4:23am Oct 20, 2009 4:23am
Quoting player2345
What made you make that call?
Here's why....

Intended to shorted higher but forgot to set sell order this morning.

Better later than never
Attached Image (click to enlarge)
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,638
  • Oct 20, 2009 4:23am Oct 20, 2009 4:23am
Up Or Down...!?
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  • #177,639
  • Oct 20, 2009 4:27am Oct 20, 2009 4:27am
Quoting mloistianto
Hi Mate Bull bear, let us short this cable.. Toast.. I'll treat u beer when i close my trade.. Cheers..
Follow my trades at your own risk bro. That's goes for everyone else here too, sorry guys I don't want to be blamed for any loses incurred.

That said...... down Biatch!!!


Quoting Ifty
Mike, stay away from BB. He is a dangerous man who is turning nice, decent family men into beer guzzling alcaholics. He's even got you thinking about beer this morning .
You boys are all alco's to begin with anywayz....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,640
  • Oct 20, 2009 4:31am Oct 20, 2009 4:31am
Quoting Bull_Bear
Follow my trades at your own risk bro. That's goes for everyone else here too, sorry guys I don't want to be blamed for any loses incurred.

That said...... down Biatch!!!




You boys are all alco's to begin with anywayz....
Again. I said it before, I dont follow u bro. My call from 1.6425 and 1.6403. maybe u are the one that following me?? LOL..
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