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Cable Update (GBPUSD)

  • #203,881
  • Mar 6, 2010 12:48am Mar 6, 2010 12:48am
Quoting digger1
ah, missed it by that much Attachment
LOL...

We will give him the consolation prize....

A blown out account and best wishes that his 2 books he wrote on how to trade turn into best sellers of how not to trade.
  • #203,882
  • Mar 6, 2010 12:56am Mar 6, 2010 12:56am
Quoting Ctic
LOL...

We will give him the consolation prize....

A blown out account and best wishes that his 2 books he wrote on how to trade turn into best sellers of how not to trade.
well I am not smart enough to get too carried away on trade calls because the market will give you a jerk back into reallity much like Dr D s compression charts lol, that jargon was a little extreme that day , confidence is one thing, arrogance is another and is usually rewarded accorddinly, as that case .
  • #203,883
  • Mar 6, 2010 1:03am Mar 6, 2010 1:03am
Quoting digger1
well I am not smart enough to get too carried away on trade calls because the market will give you a jerk back into reallity much like Dr D s compression charts lol, that jargon was a little extreme that day , confidence is one thing, arrogance is another and is usually rewarded accorddinly, as that case .
Agreed very arrogant,

I never wish bad on anyone but he tore apart anyone that went against him. He even tore apart those that were going with him but not using the same method as him, and that I don't like, rubbed me the wrong way.
  • #203,884
  • Mar 6, 2010 1:06am Mar 6, 2010 1:06am
Quoting digger1
well I am not smart enough to get too carried away on trade calls because the market will give you a jerk back into reallity much like Dr D s compression charts lol, that jargon was a little extreme that day , confidence is one thing, arrogance is another and is usually rewarded accorddinly, as that case .
On a side note...That is why I don't stayed married to my positions. I set my SL's below the swing lows and highs and/or close trades to reenter with the retrace. No need to give green pips back once you have them. Just my opinion.
  • #203,885
  • Mar 6, 2010 1:08am Mar 6, 2010 1:08am
Quoting Ctic
Agreed very arrogant,

I never wish bad on anyone but he tore apart anyone that went against him. He even tore apart those that were going with him but not using the same method as him, and that I don't like, rubbed me the wrong way.
I wish everybody made a pile of cash so we all could sit back and be fat dumb and happy but as you say that rubbed most people the wrong way that day
  • #203,886
  • Mar 6, 2010 1:26am Mar 6, 2010 1:26am
On a side note, does anyone have any idea on how to check current up to date currency rates over the weekend?
  • #203,887
  • Mar 6, 2010 1:28am Mar 6, 2010 1:28am
Quoting Skylar Locke
On a side note, does anyone have any idea on how to check current up to date currency rates over the weekend?
XE.com think thats the one they keep live updates over the week end
  • #203,888
  • Mar 6, 2010 1:32am Mar 6, 2010 1:32am
Quoting digger1
XE.com think thats the one they keep live updates over the week end
I think Onada has 24/7 trading so you would be able to get them there too. I think, I am not sure though.
  • #203,889
  • Mar 6, 2010 1:35am Mar 6, 2010 1:35am
well its the weekend still we are dreaming about the darn crackforex

cable no eu no dxiy hell no then, we will talk about the b;;;;;;;;h ... still dreaming 13000 14000 15000 16000 17000 i am making a ton of pips red and green damm i am on crack forex

we close around 15130 we did not pass the strong support 15160

the cable will go down and an h1 open below 15110 we will see a new lows

still dreaming
  • #203,890
  • Mar 6, 2010 1:35am Mar 6, 2010 1:35am
Alright all, it was fun but off to bed. I was in here quite a while tonight considering market is closed. lol. See you all Sunday night/Monday

C.
  • #203,891
  • Mar 6, 2010 1:39am Mar 6, 2010 1:39am
live forex

http://www.forex-markets.com/quotes.htm

http://www.xe.com/
  • #203,892
  • Mar 6, 2010 1:43am Mar 6, 2010 1:43am
I've checked the links and apparently all 3 websites which are quoting current market rates have different rates.

So can someone please tell me which one is the correct one?

Wanting to check the rates for GBP/JPY and EUR/JPY. Have short positions from 136.80 and 123.00.

http://www.oanda.com/currency/real-time-rates

http://www.forex-markets.com/quotes.htm

http://www.xe.com/currencycharts/?from=EUR&to=JPY
  • #203,893
  • Mar 6, 2010 1:46am Mar 6, 2010 1:46am
Quoting Skylar Locke
I've checked the links and apparently all 3 websites which are quoting current market rates have different rates.

So can someone please tell me which one is the correct one?

Wanting to check the rates for GBP/JPY and EUR/JPY. Have short positions from 136.80 and 123.00.

http://www.oanda.com/currency/real-time-rates

http://www.forex-markets.com/quotes.htm

http://www.xe.com/currencycharts/?from=EUR&to=JPY
Being the weekend it is a crapshoot. Different spreads than normal I would say they are all pretty correct.
  • #203,894
  • Mar 6, 2010 1:54am Mar 6, 2010 1:54am
Yeah, just bugs me to see how XE.com has that jump from .53 to .05 in 10 minutes.

Good thing is that GBP/JPY looks rather good right now at about 136.50.

Hoping that with the opening of Tokyo on Monday, the Japanese traders will take this down for the London traders to go long again at a better price.

Hard to see the EUR/JPY taking off high again without moving lower to bring in the new buyers.
  • #203,895
  • Mar 6, 2010 4:13am Mar 6, 2010 4:13am
Previous chart:
1. http://www.forexfactory.com/showpost...stcount=203420


Again the same chart, the same fib value I've been using after the first fall from Jan 19th. Big fall, big retracements. This had been one of the most easiest times to trade cable tbh. This is the 5th time I've posted the same chart since the 17th of February. And to the clueless few who had been questioning "why long on a downtrend" last week, I do hope you learn something.
Now, we're testing the 50% level again. It'll be interesting to see how price reacts at this level next week on. Do we fall from here like before since the 19th of January? Or is this the bend of the major trend? Welp, I will say I do not know, as the late surge towards this level came after the nfp & after the London close, so I do not dare draw absolutes. Time will tell. As of now, I still am holding partial long position locked in profit @5040 while the remaining were booked before the session closed yesterday. Tho the general trend is down, the immediate trend is still up & I will maintain the long position unless there is a strong reversal formation.
I know some hastily sold before the nfp & I don't mean this in a bad way, but I hope you learnt something out of it.
All the best & have a good weekend


p/s : And I hope no one took the advise of "shorting & going on a holiday, then come back to profit".
Attached Image (click to enlarge)
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Thank You
  • #203,896
  • Mar 6, 2010 5:07am Mar 6, 2010 5:07am
Quoting digger1
XE.com think thats the one they keep live updates over the week end
according to XE.Com, the current price is 1.5146 .. mean that, its already up 13 pips from my broker closing price..

Are we going to see another open gap, but this time up, this coming monday?
  • #203,897
  • Mar 6, 2010 9:54am Mar 6, 2010 9:54am
Hi wormie,

Likely to be realized Target 1.5484 / 1.5455 in This WEEK !
My LAST Prediction in Post #202229 Feb 28, 2010 8:24pm

And (Tomorrow) MONDAY will to go SOUTH first, before Return to NORTH.


@ Baby-Trader,
Where are you ?? We're waiting your COMMENT...
Wishing You NOT Missed It. http://cdn.forexfactory.com/images/s...im/winking.gif
Always looking the GREAT, never left GOOD Point...
  • #203,898
  • Mar 6, 2010 10:52am Mar 6, 2010 10:52am
Quoting Tsar
Hi wormie,

Likely to be realized Target 1.5484 / 1.5455 in This WEEK !
My LAST Prediction in Post #202229 Feb 28, 2010 8:24pm

And (Tomorrow) MONDAY will to go SOUTH first, before Return to NORTH....
Close to my analysis of 1.54 - 1.56 which I have been preaching in here for a week. Lets see if it plays out or not. I do still feel this is a downtrend but thinking we have the retrace here in play. Time will tell.
  • #203,899
  • Mar 6, 2010 11:20am Mar 6, 2010 11:20am
Quoting AlieyFx
according to XE.Com, the current price is 1.5146 .. mean that, its already up 13 pips from my broker closing price..

Are we going to see another open gap, but this time up, this coming monday?
wouldnt suprise me if it did , anything is possible .
  • #203,900
  • Mar 6, 2010 11:36am Mar 6, 2010 11:36am
Quoting digger1
wouldnt suprise me if it did , anything is possible .
That would be nice. My longs in play would like that much. Germany spoke out against the people betting against Greece so lets see what happens.
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