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Cable Update (GBPUSD)

  • #197,421
  • Feb 1, 2010 6:44am Feb 1, 2010 6:44am
Quoting EliteFX
north side or further south?
Well conventional wisdom dictates that positive data will move equities and thus GBP could move up, however, if friday's market reaction to positive gdp numbers is of any indication...gu can just as easily resume its fall
  • #197,422
  • Feb 1, 2010 6:46am Feb 1, 2010 6:46am
Quoting Fly2
just waiting to see if 50 get another hit
Yeh Im thinking about it as well.
  • #197,423
  • Feb 1, 2010 6:47am Feb 1, 2010 6:47am
k I'm in--letting the chips fall where they may/Godspeed fellow traders Godspeed
I'm watching to many movies.
  • #197,424
  • Feb 1, 2010 6:50am Feb 1, 2010 6:50am
I'm expecting further move down....retracement toward 1.5900 then head south i hope
we'll see
COT: The precious data ignored
  • #197,425
  • Feb 1, 2010 6:53am Feb 1, 2010 6:53am
what ?????
  • #197,426
  • Feb 1, 2010 6:54am Feb 1, 2010 6:54am
Pips... Where are you going ??
Always looking the GREAT, never left GOOD Point...
  • #197,427
  • Feb 1, 2010 6:57am Feb 1, 2010 6:57am
Think I finally got my head out of the clouds.Good luck/taking a break/letting trades roll
  • #197,428
  • Feb 1, 2010 7:07am Feb 1, 2010 7:07am
By the way anyone read about that trader that was accused of scalping by his broker?Broker took 8k out of his account
  • #197,429
  • Feb 1, 2010 7:22am Feb 1, 2010 7:22am
Quoting Fly2
By the way anyone read about that trader that was accused of scalping by his broker?Broker took 8k out of his account
Point out the joker's oops sorry broker please. Do you know the name?
Don't tell me how much you can earn. Tell me how much you may lose..
  • #197,430
  • Feb 1, 2010 7:26am Feb 1, 2010 7:26am
Quoting EliteFX
Point out the joker's oops sorry broker please. Do you know the name?
I'll have to find out/someone was telling me about it/I'll have them send me the link/Some brokers state no scalping/why I have no idea/never understood it when the broker keeps making the spread and or commission every trade placed you would think they'd encourage it
  • #197,431
  • Feb 1, 2010 7:29am Feb 1, 2010 7:29am
Quoting Fly2
I'll have to find out/someone was telling me about it/I'll have them send me the link/Some brokers state no scalping/why I have no idea/never understood it when the broker keeps making the spread and or commission every trade placed you would think they'd encourage it
Logically you are correct but perhaps brokers do not pass trader's trades to anywhere therefore, no so called commissions/spread income. The only earn if traders lose. Scalpers are basically notoriously profitable traders thus brokers don't like them around.

My thoughts only
Don't tell me how much you can earn. Tell me how much you may lose..
  • #197,432
  • Feb 1, 2010 7:35am Feb 1, 2010 7:35am
Quoting EliteFX
Logically you are correct but perhaps brokers do not pass trader's trades to anywhere therefore, no so called commissions/spread income. The only earn if traders lose. Scalpers are basically notoriously profitable traders thus brokers don't like them around.

My thoughts only
very true/The ones that play against you.
  • #197,433
  • Feb 1, 2010 7:43am Feb 1, 2010 7:43am
The GBP weakened following weekend news that various polls are suggesting a hung parliament in the UK in the next general election. The Ipsos Mori poll for the Daily Mirror, published in Saturday’s edition, showed the Tories with 40% support, down 3 points on last month, with Labour on 32%, up 6 points. The Liberal Democrats had 16%. In the Daily Telegraph’s YouGov survey, the Conservatives were on 38%, down 2 points on last month, with Labour on 31%, up one point. The Liberal Democrats were on 19%, up 2 points. (FT/RTRS) Separately, the closely followed shadow MPC said this week’s BoE vote may be split with some members suggesting further extension to the QE programme.
  • #197,434
  • Feb 1, 2010 7:47am Feb 1, 2010 7:47am
Quoting marbellafx
The GBP weakened following weekend news that various polls are suggesting a hung parliament in the UK in the next general election. The Ipsos Mori poll for the Daily Mirror, published in Saturday’s edition, showed the Tories with 40% support, down 3 points on last month, with Labour on 32%, up 6 points. The Liberal Democrats had 16%. In the Daily Telegraph’s YouGov survey, the Conservatives were on 38%, down 2 points on last month, with Labour on 31%, up one point. The Liberal Democrats were on 19%, up 2 points. (FT/RTRS) Separately, the closely...
means 1.57xx ?
Don't tell me how much you can earn. Tell me how much you may lose..
  • #197,435
  • Feb 1, 2010 7:50am Feb 1, 2010 7:50am
I never really pay too much attention to news myself/ Unless its major like interest rate decisions/Non farm.Maybe me but news follows charts and charts follow news hand in hand/for every action /reaction .The charts tell me what the news is already going to be basically.
  • #197,436
  • Feb 1, 2010 7:52am Feb 1, 2010 7:52am
i think she will have a rough time at 5932
  • #197,437
  • Feb 1, 2010 7:54am Feb 1, 2010 7:54am
Quoting trabagwe
i think she will have a rough time at 5932
my stochastics spread nice and wide/I like that although I guess you never know
  • #197,438
  • Feb 1, 2010 7:54am Feb 1, 2010 7:54am
That move up looks like a joke... wonder who is pushing it
Ready to go all the way down
COT: The precious data ignored
  • #197,439
  • Feb 1, 2010 7:58am Feb 1, 2010 7:58am
Quoting Fly2
very true/The ones that play against you.
All of them play against you! It's their job and unless you fully grasp this you can have problems with trading results.

Where do you think does the liquidity or particular brokers comes from? Trading their own accounts - is the correct answer...
  • #197,440
  • Feb 1, 2010 7:59am Feb 1, 2010 7:59am
Quoting Fly2
my stochastics spread nice and wide/I like that although I guess you never know

my reason for statement that was the low on the weekly last week
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