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Cable Update (GBPUSD)

  • #197,581
  • Feb 1, 2010 10:36pm Feb 1, 2010 10:36pm
Im long now at 5925...anyone else ?
  • #197,582
  • Feb 1, 2010 10:39pm Feb 1, 2010 10:39pm
Quoting damonl
That is completely false...you just cannot hold a hedge past the end of the day. It will close the oldest orders first automatically so you only have trades open in 1 direction.

And only as long as they are the same lot size.

NFA rule 2-43

Forex Dealer Members may not carry offsetting positions in a customer account but must offset them on a first-in, first-out basis. At the customer's request, an FDM may offset same-size transactions even if there are older transactions of a different size but must offset the transaction against the oldest transaction of that size.

Thus a hedge......
  • #197,583
  • Feb 1, 2010 10:44pm Feb 1, 2010 10:44pm
Quoting Ctic
NFA rule 2-43

Forex Dealer Members may not carry offsetting positions in a customer account but must offset them on a first-in, first-out basis. At the customer's request, an FDM may offset same-size transactions even if there are older transactions of a different size but must offset the transaction against the oldest transaction of that size.

Thus a hedge......
At the end of the day...and only if they are the same lot size. If they are a different lot size not a hedge.

Sorry yes, lot size does not matter. Myabe it doesn't.. I don't really know..never tested it.

May not carry..means carry over night...past the end of the day. Hedge all you want all day.

Why are you profiling me anyway..did I do something wrong? Or are you just bored...Try Scalping it is really fun.
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,584
  • Feb 1, 2010 10:46pm Feb 1, 2010 10:46pm
I m short now, target yesterday low.

Good Luck
  • #197,585
  • Feb 1, 2010 10:48pm Feb 1, 2010 10:48pm
Quoting Jemmy
D-4 ~ BULLS 5 : 2 BEARS
D-3 ~ BULLS 0 : 7 BEARS
D-2 ~ BULLS 5 : 2 BEARS
D-1 ~ BULLS 0 : 7 BEARS
D0 ~ BULLS 0 : 7 BEARS
Conclusion:
Bears show has began..
The rule only one : sell all rallies..
Attachment
D-4 ~ BULLS 0 : 7 BEARS
D-3 ~ BULLS 5 : 2 BEARS
D-2 ~ BULLS 0 : 7 BEARS
D-1 ~ BULLS 0 : 7 BEARS
D0 ~ BULLS 1 : 6 BEARS

Conclusion:
Still on the Bears side..
Only looking for short entry..

Attached Image
Patience + Discipline =
  • #197,586
  • Feb 1, 2010 10:50pm Feb 1, 2010 10:50pm
Quoting damonl
At the end of the day...and only if they are the same lot size. If they are a different lot size not a hedge.

Sorry yes, lot size does not matter. Myabe it doesn't.. I don't really know..never tested it.

May not carry..means carry over night...past the end of the day. Hedge all you want all day.

Why are you profiling me anyway..did I do something wrong? Or are you just bored...Try Scalping it is really fun.
That is done by the choice of the broker and the broker can revoke that choice at any time.
  • #197,587
  • Feb 1, 2010 10:54pm Feb 1, 2010 10:54pm
Quoting Ctic
That is done by the choice of the broker and the broker can revoke that choice at any time.
Correct, but by rule, you should be able to scalp intraday US. Why would you be with a broker who didn't give their customers the benefit of the rule?
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,588
  • Feb 1, 2010 10:56pm Feb 1, 2010 10:56pm
Quoting Ctic
Dr. D,



Remember for every person that wins in the forex, another one loses. Can not have one without the other.

C.
yes you're right Ctic...,and that's why some time i feel guilty when i make Green pips..., (hehehe kidding,........)
but seriouslly i use other way to get 'forgiveness' for those feellings, although i still doubt that way right or not...,
I will be the number one Manager.
  • #197,589
  • Feb 1, 2010 10:57pm Feb 1, 2010 10:57pm
Quoting damonl
Correct, but by rule, you should be able to scalp intraday US. Why would you be with a broker who didn't give their customers the benefit of the rule?
Most brokers gave you the choice to transfer out the account to a foreign entity, such as the UK. In my opinion that is better because then you can hold the hedge for an unlimited amount of time.
  • #197,590
  • Feb 1, 2010 11:00pm Feb 1, 2010 11:00pm
Quoting Ctic
Most brokers gave you the choice to transfer out the account to a foreign entity, such as the UK. In my opinion that is better because then you can hold the hedge for an unlimited amount of time.
Yes, going out of the country for sure gives you the most flexiblilty. Especailly if the next 1:10 law passes. Then we can say goodbye to all brokers in the US I would imagine. Sad really.

The only thing the U.S. are leaders in is the Death Spiral.
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,591
  • Feb 1, 2010 11:01pm Feb 1, 2010 11:01pm
Shit..missed my long scalp exit AGHHHH!!!!!!!
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,592
  • Feb 1, 2010 11:03pm Feb 1, 2010 11:03pm
Quoting damonl
Yes, going out of the country for sure gives you the most flexiblilty. Especailly if the next 1:10 law passes. Then we can say goodbye to all brokers in the US I would imagine. Sad really.

The only thing the U.S. are leaders in is the Death Spiral.
Lets just hope the people trying to get the standard global currency don't succeed or we will all be out of business. i don't see it happening at least hopefully not in my lifetime.
  • #197,593
  • Feb 1, 2010 11:03pm Feb 1, 2010 11:03pm
Quoting damonl
Shit..missed my long scalp exit AGHHHH!!!!!!!
oh..never mind... got it
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,594
  • Feb 1, 2010 11:03pm Feb 1, 2010 11:03pm
Quoting Ctic
A UK based broker is the way to go
my exact feelings aswell, Ctic.... hedging which could assist when caught in range bound market, levarage etc... happy pip'n

btw my bias still stay bearish
  • #197,595
  • Feb 1, 2010 11:03pm Feb 1, 2010 11:03pm
Quoting damonl
Shit..missed my long scalp exit AGHHHH!!!!!!!
you will get it. Here is another chance..
  • #197,596
  • Feb 1, 2010 11:05pm Feb 1, 2010 11:05pm
Quoting Ctic
Lets just hope the people trying to get the standard global currency don't succeed or we will all be out of business. i don't see it happening at least hopefully not in my lifetime.
Yeah...I think it is many years away, first will be the USA, Canada and Mexico, the Middle east countries in the GCC, the Asian countries, Etc, Etc,...

Really there is a long ways to go, but hopefully I will see another 65 years, so who knows what I will see.

I don't think anyone will ever see a single world currency.
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,597
  • Feb 1, 2010 11:13pm Feb 1, 2010 11:13pm
Quoting Jemmy
D-4 ~ BULLS 0 : 7 BEARS

Conclusion:
Still on the Bears side..
Only looking for short entry..
excuse my ignorance Jemmy, but what is this, where do you get them and where can I read a bit more
  • #197,598
  • Feb 1, 2010 11:14pm Feb 1, 2010 11:14pm
Quoting damonl
Yeah...I think it is many years away, first will be the USA, Canada and Mexico, the Middle east countries in the GCC, the Asian countries, Etc, Etc,...

Really there is a long ways to go, but hopefully I will see another 65 years, so who knows what I will see.

I don't think anyone will ever see a single world currency.
hahaha... that's crazy idea...,even England don't want to join in euro..,
but if that's true (may be 'some day', yes) that's will be good for my country..., and i'm waiting...,

idr (ngebayangin beli Apel/vaio pake uang 2000 perak, masih dapet kembalian lg..., hehehe..., )
I will be the number one Manager.
  • #197,599
  • Feb 1, 2010 11:16pm Feb 1, 2010 11:16pm
Looks like support has now become resistance....

200EMA 5m chart.
Attached Image (click to enlarge)
Click to Enlarge Name: sbr.jpg Size: 99 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #197,600
  • Feb 1, 2010 11:17pm Feb 1, 2010 11:17pm
Quoting Magix
Looks like support has now become resistance....

200EMA 5m chart.

Magix,

Long time no see. How you been doing bro? Agreed the support is now the resistance.

C.
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