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Cable Update (GBPUSD)

  • #205,021
  • Mar 11, 2010 1:46am Mar 11, 2010 1:46am
Quoting forexlion
i guess i am the only one milking the shorts
closed
  • #205,022
  • Mar 11, 2010 1:47am Mar 11, 2010 1:47am
Quoting bbakker
Don't you mean the cows.
nope, i mean cable
  • #205,023
  • Mar 11, 2010 1:47am Mar 11, 2010 1:47am
Quoting forexlion
i dun know if you noticed or not, but we seem to be in a massive selling pressure

i have access to reuters ifhr which gives me info on what big doggs are doing their trade deals, i am not a simple mt4 trader now, i upgraded in Jan

i see sell orders suddenly vanishing to reappear and get traded at convenient prices.

Hi forexlion,
the topic with reuters ifhr sounds very interesting, is it something like esignal? Do you have a link, where i can get this data feed? How much do they charge for this service? TIA
  • #205,024
  • Mar 11, 2010 1:48am Mar 11, 2010 1:48am
Good afternoon everybody.
Is the GU down or up struggeling to make up it's mind?
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #205,025
  • Mar 11, 2010 1:50am Mar 11, 2010 1:50am
well first hi all

west east north south heck 40 pips range kool still short

cable do u thing sorry cow do u thing
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  • #205,026
  • Mar 11, 2010 1:53am Mar 11, 2010 1:53am
I think i'm gonna take a long postion very soon for a scalp ! Let's wait a little bit ...
  • #205,027
  • Mar 11, 2010 1:54am Mar 11, 2010 1:54am
Quoting forexlion
i dun know if you noticed or not, but we seem to be in a massive selling pressure

i have access to reuters ifhr which gives me info on what big doggs are doing their trade deals, i am not a simple mt4 trader now, i upgraded in Jan

i see sell orders suddenly vanishing to reappear and get traded at convenient prices.
I don't see massive pressure to be honest. Unless you mean the larger downtrend, after bouncing off yesterday's low level test, cable had paused.
I didn't know you're trading a more complicated system sorry. Thought I remembered not too long ago you were trading off dp at day open, something which I use myself. Thought you might have missed that I gave you a shout.
Carry on buddy & good luck
Thank You
  • #205,028
  • Mar 11, 2010 2:13am Mar 11, 2010 2:13am
Quoting Fudomyo
I saw you erased your earlier post, but wanted to ask, why does your bank only allow you to trade $25 a pip at 1:1 leverage? That seems kind of unreasonable.
its called cash transaction

open a current account with your local bank either as usd account or euro account

then buy pound or any other currency at the prevailing bank rate and sell for profit

loss is limited and there is no risk of margin calls cause you are taking physical delivery of cash.
  • #205,029
  • Mar 11, 2010 2:15am Mar 11, 2010 2:15am
Quoting dag777
Hi forexlion,
the topic with reuters ifhr sounds very interesting, is it something like esignal? Do you have a link, where i can get this data feed? How much do they charge for this service? TIA
help yourself
http://thomsonreuters.com/products_s...?view=Standard

the only problem is you need a good pocket to use them
  • #205,030
  • Mar 11, 2010 2:15am Mar 11, 2010 2:15am
Quoting forexlion
nope, i mean cable
Anyone who posts a link claiming to be their account with a 100% win rate on 147 or whatever trades are trying to pull the wool over people's eyes. Losing trades are a fact of life. It is not how much you make, it's how much you lose and the secret is to have more winning trades with a higher profit margin. If it was in jest that makes it even worse. It scares me that you are actually the forum administrator of this thread.
  • #205,031
  • Mar 11, 2010 2:19am Mar 11, 2010 2:19am
Quoting forexlion
its called cash transaction

open a current account with your local bank either as usd account or euro account

then buy pound or any other currency at the prevailing bank rate and sell for profit

loss is limited and there is no risk of margin calls cause you are taking physical delivery of cash.
You're physically taking delivery of the currency. Does this suit the requirements of your business?

This type of trading is pointless for all retail traders on this forum, as transacting in this manner incurs costs for the processing of the payments and the maintenance of the foreign currency accounts, most of which will show up in wider spreads and/or transaction charges.
  • #205,032
  • Mar 11, 2010 2:20am Mar 11, 2010 2:20am
Quoting bbakker
Anyone who posts a link claiming to be their account with a 100% win rate on 147 or whatever trades are trying to pull the wool over people's eyes. Losing trades are a fact of life. It is not how much you make, it's how much you lose and the secret is to have more winning trades with a higher profit margin. If it was in jest that makes it even worse. It scares me that you are actually the forum administrator of this thread.
lol, i am not related to FF in any manner, and yes that link was a joke
  • #205,033
  • Mar 11, 2010 2:20am Mar 11, 2010 2:20am
I am short. It did broke daily pivot. Right now retracement is going on.

Short at 1.4950, TP at 1.49, trailing stop loss at 1.50.
  • #205,034
  • Mar 11, 2010 2:21am Mar 11, 2010 2:21am
Quoting gammase1
You're physically taking delivery of the currency. Does this suit the requirements of your business?

This type of trading is pointless for all retail traders on this forum, as transacting in this manner incurs costs for the processing of the payments and the maintenance of the foreign currency accounts, most of which will show up in wider spreads and/or transaction charges.
if it does not suit you do not do it, simple
  • #205,035
  • Mar 11, 2010 2:23am Mar 11, 2010 2:23am
Quoting forexlion
help yourself
http://thomsonreuters.com/products_s...?view=Standard

the only problem is you need a good pocket to use them

Many thanks forexlion,

and by the way thanks to all senior members (malcolmb, lion, baby trader, DT, grashid, paul, magix .....and many others) for your input, itīs helpful and educational!
  • #205,036
  • Mar 11, 2010 2:23am Mar 11, 2010 2:23am
1.4945 a definite short term support level and any up move limited to 1.4995. A scalpers paradise at the moment with zero trend appearing on a 5/15 chart.

Waiting for 1.4945 to break before entering short. Long doesn't appeal to me in the slighest with 1.4995 resistance and 1.5010 slightly further up.
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  • #205,037
  • Mar 11, 2010 2:24am Mar 11, 2010 2:24am
Quoting Fudomyo
Cheers.

Even though there's the risk of a margin call using leverage, you have less capital exposure as well. I guess each of us weighs the benefits differently.
the bank allows you to hold a position for 6 months without taking delivery if you wish to
  • #205,038
  • Mar 11, 2010 2:25am Mar 11, 2010 2:25am
Quoting kingfisher
I am short. It did broke daily pivot. Right now retracement is going on.

Short at 1.4950, TP at 1.49, trailing stop loss at 1.50.
lol .. thought you were shorting to 4400 with Soros
Thank You
  • #205,039
  • Mar 11, 2010 2:25am Mar 11, 2010 2:25am
Quoting PipSqueeze
1.4945 a definite short term support level and any up move limited to 1.4995. A scalpers paradise at the moment with zero trend appearing on a 5/15 chart.

Waiting for 1.4945 to break before entering short. Long doesn't appeal to me in the slighest with 1.4995 resistance and 1.5010 slightly further up.
wait i have a song just for this

Inserted Video
  • #205,040
  • Mar 11, 2010 2:28am Mar 11, 2010 2:28am
Quoting PipSqueeze
1.4945 a definite short term support level and any up move limited to 1.4995. A scalpers paradise at the moment with zero trend appearing on a 5/15 chart.

Waiting for 1.4945 to break before entering short. Long doesn't appeal to me in the slighest with 1.4995 resistance and 1.5010 slightly further up.
by the way

this kind of squeeze normally leads to a major breakput of 200 or more pips
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