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Cable Update (GBPUSD)

  • #179,921
  • Oct 29, 2009 7:25pm Oct 29, 2009 7:25pm
Quoting Touchdown
Hey Nav, which broker do you use bro? If you don't mind me asking.
alpari.co.uk
  • #179,922
  • Oct 29, 2009 7:30pm Oct 29, 2009 7:30pm
Quoting nAVIN2007
alpari.co.uk
Thanks, I'll take a look Always good to shop around, haha.
  • #179,923
  • Oct 29, 2009 7:37pm Oct 29, 2009 7:37pm
Dragon getting rejected again @ 151.600 area.

Want to stick this out but getting antsy

Long from 148.073

Cable seems to be indecisive of move right now.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #179,924
  • Edited Oct 30, 2009 2:17am Oct 29, 2009 7:43pm | Edited Oct 30, 2009 2:17am
You might be interested in MB tr@dng, (are we allowed to mention this?) I have read good things about them and they are ECN not MM broker.

No affiliation only relaying what I found out to another trader.

Quoting Touchdown
Thanks, I'll take a look Always good to shop around, haha.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #179,925
  • Oct 29, 2009 7:55pm Oct 29, 2009 7:55pm
anybody thinks this hanging man could be a valid sell signal?
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  • #179,926
  • Oct 29, 2009 8:00pm Oct 29, 2009 8:00pm
Quoting inferno000
anybody thinks this hanging man could be a valid sell signal?

this is not a hanging man
just a small pinbar-looking doji
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #179,927
  • Oct 29, 2009 8:06pm Oct 29, 2009 8:06pm
Quoting djambazov84
this is not a hanging man
just a small pinbar-looking doji
my mistake, dont know much bout these names.
thnx
  • #179,928
  • Oct 29, 2009 8:21pm Oct 29, 2009 8:21pm
Quoting inferno000
my mistake, dont know much bout these names.
thnx

If you read a proper math's based candle stick study they all score LOW for reliability so don't bother learning them.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #179,929
  • Oct 29, 2009 8:25pm Oct 29, 2009 8:25pm
Quoting Turveyd
If you read a proper math's based candle stick study they all score LOW for reliability so don't bother learning them.

ya jus like smart ass house man...haha long 6535 tp 6635 100 pips a day keep da Dr away
FUTURE OF MX
  • #179,930
  • Oct 29, 2009 8:29pm Oct 29, 2009 8:29pm
Quoting Turveyd
If you read a proper math's based candle stick study they all score LOW for reliability so don't bother learning them.
I am still trying to learn on candlestick patterns...can you show me how candles all score LOW for reliability...thanks.
  • #179,931
  • Oct 29, 2009 8:31pm Oct 29, 2009 8:31pm
Quoting XTrade
You might be interested in MB trading, I have read good things about them and they are ECN not MM broker.

No affiliation only relaying what I found out to another trader.

Hi XTrade,

I have an account with MBTrading Futures. I like their narrower fixed spreads, (e.g. currently GU 2.7 pips GJ 4.7 pips). You pay a small commission ($0.50 / 10,000 USD per execution, rather than an ever sliding scale in the spread especially during volatility.

I'm dumping Forex.com (2nd time around) since they delay executions in the heat of action with ridiculous spreads. (currently GU 4.2 pips / GJ 7.1 pips) but I've seen spreads up to 10 - 20 pips respectively. I suppose most brokers do the same.

Dr. D.
  • #179,932
  • Oct 29, 2009 8:34pm Oct 29, 2009 8:34pm
Quoting fourxtrader
Hi XTrade,

I have an account with MBTrading Futures. I like their narrower fixed spreads, (e.g. currently GU 2.7 pips GJ 4.7 pips). You pay a small commission ($0.50 / 10,000 USD per execution, rather than an ever sliding scale in the [i][color=#4169e1]spread...
i feel ya forex.com sux they are thiefs
FUTURE OF MX
  • #179,933
  • Oct 29, 2009 8:41pm Oct 29, 2009 8:41pm
I dont trade based on these signals but I was thinking to learn but may be its not worth it.
I was looking at this couple days ago.
http://www.forex-charts-book.com/candlesticks/02/
  • #179,934
  • Oct 29, 2009 8:42pm Oct 29, 2009 8:42pm
Quoting nAVIN2007
i tell u something alex..im in this trade i have 3k account, i entered a 7p a pip..im down 200 pips so right now im at a loss of £12

i wont dare place this trade at 1 mini lot cause i need a stop above the weekly high to play such a big target like 1.60.

if it goes wrong, likely i lose £20

the point of me sharing this with u is i know if i did what u doing..id be in the same situation, when the loss is huge, we become imbolised and cannot accept it..the trick is simply not go down that path of over leverage..it always ends up with bust and boom...

Nav, yeah it becomes a dice roll, when one starts doing what Ive done on this trade.

Just goes to show you, that you can have a couple good stable months by sticking to good mm and having dicispline, but the monment you stray from that, one trade can wipe you out if you let it run against you.


Right now its running against me, but Im hoping for a turn at this resistence up ahead.

If not, then back to sticking to plan until it fully seaps in and I stop diverting from my plan.
  • #179,935
  • Oct 29, 2009 9:12pm Oct 29, 2009 9:12pm
ye ye ye......
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  • #179,936
  • Oct 29, 2009 9:21pm Oct 29, 2009 9:21pm
Quoting batwood
ya jus like smart ass house man...haha long 6535 tp 6635 100 pips a day keep da Dr away
In at the same trade as you bro and holding on. We may see a retest of 1.6490 first though before the next leg up so my stop loss is 10 pips below that.
  • #179,937
  • Oct 29, 2009 9:27pm Oct 29, 2009 9:27pm
Quoting smuksin
ye ye ye......

Folowing this system?? if yes please share whit us.. i want next week...
  • #179,938
  • Oct 29, 2009 9:40pm Oct 29, 2009 9:40pm
Maybe I'm seeing things a little differently. I'm expecting a drop to 1.6238 today.
  • #179,939
  • Oct 29, 2009 9:53pm Oct 29, 2009 9:53pm
Quoting forexcompoun
Maybe I'm seeing things a little differently. I'm expecting a drop to 1.6238 today.
Hi

Where do you base your expectation?

Thanks
  • #179,940
  • Oct 29, 2009 10:36pm Oct 29, 2009 10:36pm
we are being blessed again today to have another great movement on cable. watch out news at 3pm, the trick is always there , but with practice we may see the true movement today.

am bias towards bull buy at 6536, atleast TP around 6684. but the 3pm news is the key for the cable movement today

once it moves, put away all the indicators and just watch the price movement
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