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Cable Update (GBPUSD)

  • #180,181
  • Nov 1, 2009 4:34pm Nov 1, 2009 4:34pm
doomed cable

update the b;;;;;;;;;;;;;;;;;;h
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  • #180,182
  • Nov 1, 2009 4:35pm Nov 1, 2009 4:35pm
do you think the gap will fill?
  • #180,183
  • Nov 1, 2009 4:41pm Nov 1, 2009 4:41pm
Quoting Acedup
do you think the gap will fill?
am short both gu gj
  • #180,184
  • Nov 1, 2009 4:45pm Nov 1, 2009 4:45pm
Quoting frito
am short both gu gj
lol...mmm... This could be the trades that make me one of the statistics. MONUMENTAL F*** Up.
  • #180,185
  • Nov 1, 2009 4:46pm Nov 1, 2009 4:46pm
i am short sell target - 1.6320-25 , the news of cit bankrupt are going to react early
  • #180,186
  • Nov 1, 2009 5:10pm Nov 1, 2009 5:10pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Right, to the pip.

As said, price went down to 63500 and going backup again!
I expect the retrace to 65800 and then show us direction on 5th Nov. We have a range to pay till then!
I am long from 63500


Ta
ams


Quoting ams
Posted on DT's thread.

http://www.forexfactory.com/search.p...duser&u=100694


Despite dow going mental pound only dropped to 64200 as mentioned, right to the pip. Sudden 100 pip spike from somewhere taking all stop loses with them right to 65230 then back to 64200 (banks do this cleansing process for all trading vehicles result of rumour reaction). Fib ratio's!!

I see it further dropping to 63500 and that's it. We also have UK news to digest on 5th before any clear direction!!

Have a good one.

Ta
ams
  • #180,187
  • Nov 1, 2009 5:25pm Nov 1, 2009 5:25pm
Quoting ams
Right, to the pip.

As said, price went down to 63500 and going backup again!
I expect the retrace to 65800 and then show us direction on 5th Nov. We have a range to pay till then!
I am long from 63500


Ta
ams
hm.. sounds logic, but do you think that market could test 1.6250 before any big moves up , of what i see there
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  • #180,188
  • Nov 1, 2009 5:26pm Nov 1, 2009 5:26pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
165200 before you know it...watch it....



Quoting TrendExpress
hm.. sounds logic, but do you think that market could test 1.6250 before any big moves up , of what i see there
  • #180,189
  • Nov 1, 2009 6:16pm Nov 1, 2009 6:16pm
owh i filled in that hole this morning
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  • #180,190
  • Nov 1, 2009 6:30pm Nov 1, 2009 6:30pm
I too was looking to support more in the area of 6300 area before making the decision to long. Dollar is flat. if it starts to fall - It is ON.

Went long cable @ 6367.

wary of it but long dragon @ 146.88 - expecting retracement from massive fall.

Cable m15 - USDX overlay. Experimenting with MAs

Dragon seems to now have hit strong support @ 147.00 area and last week strong resistance @ 151.600 area. This should prove to be an interesting week.
Be careful!


Quoting TrendExpress
hm.. sounds logic, but do you think that market could test 1.6250 before any big moves up , of what i see there
Attached Image (click to enlarge)
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #180,191
  • Nov 1, 2009 6:48pm Nov 1, 2009 6:48pm
Quoting Johor JCS
owh i filled in that hole this morning
nice winning streak you got there .
  • #180,192
  • Nov 1, 2009 7:31pm Nov 1, 2009 7:31pm
has anyone looked at the new nfa margin requirements? They have been pushed up in some places double to triple the current requirements.
  • #180,193
  • Nov 1, 2009 7:55pm Nov 1, 2009 7:55pm
No, Not yet, what kind of broker?
Quoting kalparker
has anyone looked at the new nfa margin requirements? They have been pushed up in some places double to triple the current requirements.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #180,194
  • Nov 1, 2009 8:22pm Nov 1, 2009 8:22pm
This is a link to fxcm's info.

http://www.fxcm.com/forex-margin.html
  • #180,195
  • Nov 1, 2009 9:39pm Nov 1, 2009 9:39pm
Look for 1.6100 to call the down trend. I'm long from 6346 and short 6573.
will be watching the 6522 level for a break out up.
  • #180,196
  • Nov 1, 2009 9:47pm Nov 1, 2009 9:47pm
Now that you mention it I just got an email from them before about this very thing.

So they are raising margin reqs to take positions. I will check the link now.
Thanks~

Quoting kalparker
This is a link to fxcm's info.

http://www.fxcm.com/forex-margin.html
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #180,197
  • Nov 1, 2009 10:03pm Nov 1, 2009 10:03pm
If you use FXCM, i would suggest moving your funds to there uk division. I did that and avoided the new rules.
  • #180,198
  • Nov 1, 2009 10:08pm Nov 1, 2009 10:08pm
I entered short @ 1.6476 with 40pips stop and +130pips limit
  • #180,199
  • Nov 1, 2009 10:28pm Nov 1, 2009 10:28pm
Quoting kalparker
If you use FXCM, i would suggest moving your funds to there uk division. I did that and avoided the new rules.

would u kindly explain what are the steps for that as I am currently trying to switch to fxcm and want to avoid the nfa rules in US which is a total clusterfuck because i use fxpro from the US and they are terminating all their relations with us customers in 3 months
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #180,200
  • Nov 2, 2009 12:39am Nov 2, 2009 12:39am
I personally do not. I am wondering if these will be exactly the same if using an ECN such as MB...

Anyway. I have a small theory, then I go to bed.

So- on a volatile open like this when both cable and Dragon fell violently toward last weeks end, opened lower, buying starts with Aussie, then Asia picked it up to the tune of 100 pips on both pairs. Next we look to LDN boyz. what I have noticed is that LDN will sell, on open, drive the price down, others follow the lead and liquidate. BUT, this is just a ploy to drive price down so that LDN gets better rate. I have seen it happen and fell victim to the sell off.

Not saying that this is a definite by any means, just my humble observation.
The real fun starts when LDN and NY overlap. Surely this is not applicapble to all week opens, I am suggesting the more volatile ones. Any thoughts or criticism are welcome. I learn from being here every day.

G/L all. Still long. Goodnight. see you at NY.
X-

edit to add. In shorter form I posted this in E/U thread, some had said they noticed the same, others said not a theory. I am going with it tonight.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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