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Cable Update (GBPUSD)

  • #210,141
  • Mar 25, 2010 11:07am Mar 25, 2010 11:07am
Quoting bbakker
Work

I am short on cable and fibre

EU Short @13353 SL @13373 TP @13323
GU Short @14906 SL @14925 TP @14830
GU Short @14891 SL @14925 TP @14785
Just hit SL on EU. Big spike this last min
  • #210,142
  • Mar 25, 2010 11:11am Mar 25, 2010 11:11am
Quoting bbakker
Just hit SL on EU. Big spike this last min

France and Germany are bailing out Greece
  • #210,143
  • Mar 25, 2010 11:11am Mar 25, 2010 11:11am
Quoting bbakker
Just hit SL on EU. Big spike this last min
What was that all about?
  • #210,144
  • Mar 25, 2010 11:12am Mar 25, 2010 11:12am
Quoting cloggie
France and Germany are bailing out Greece
what does that mean for cable?

long?
@pawpaw1000 on Twitter
  • #210,145
  • Mar 25, 2010 11:13am Mar 25, 2010 11:13am
Quoting pawpaw1000
what does that mean for cable?

long?

This will weaken the Euro.
  • #210,146
  • Mar 25, 2010 11:15am Mar 25, 2010 11:15am
Quoting cloggie
France and Germany are bailing out Greece

These currencies move because they want to move and the reasons are slotted in afterwards

Who will bail out California ?

Its exactly the same thing as the greece situation...

ps glad i dont have sl's on - they must be getting whacked all the time with these huge spikes on the 1 hr
  • #210,147
  • Mar 25, 2010 11:16am Mar 25, 2010 11:16am
Quoting cloggie
This will weaken the Euro.
Well it spiked in the wrong direction. Knee-jerk reaction and it has returned to previous price. Looking to re-enter a short!
  • #210,148
  • Mar 25, 2010 11:21am Mar 25, 2010 11:21am
Quoting cloggie
This will weaken the Euro.
not as much as a member country defaulting...

central bail out seems to have done wonders for USD
  • #210,149
  • Mar 25, 2010 11:24am Mar 25, 2010 11:24am
Hi all
Where is forexlion haven't see him for while!
  • #210,150
  • Mar 25, 2010 11:32am Mar 25, 2010 11:32am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
what is your target for gbpusd
  • #210,151
  • Mar 25, 2010 11:33am Mar 25, 2010 11:33am
Quoting bbakker
Well it spiked in the wrong direction. Knee-jerk reaction and it has returned to previous price. Looking to re-enter a short!
what is the favourite noob thing to do after 5pm gmt???

scalp and lose 20 of the days hard earned pips!!!

ridiculous, like clockwork!!!!!!!!!!!!
@pawpaw1000 on Twitter
  • #210,152
  • Mar 25, 2010 11:37am Mar 25, 2010 11:37am
Quoting pawpaw1000
what is the favourite noob thing to do after 5pm gmt???

scalp and lose 20 of the days hard earned pips!!!

ridiculous, like clockwork!!!!!!!!!!!!
Well ,, im glad to see you take it with good humour ,,,,,
  • #210,153
  • Mar 25, 2010 11:42am Mar 25, 2010 11:42am
Quoting solrac
Well ,, im glad to see you take it with good humour ,,,,,
what else can one do? I'm learning so I guess it'll happen...

When I open my 1st 100k account, I dont think I'll be soo happy!!!
@pawpaw1000 on Twitter
  • #210,154
  • Mar 25, 2010 11:45am Mar 25, 2010 11:45am
Quoting pawpaw1000
what else can one do? I'm learning so I guess it'll happen...

When I open my 1st 100k account, I dont think I'll be soo happy!!!
You still had a good pipping day ,,,,,,
  • #210,155
  • Mar 25, 2010 11:45am Mar 25, 2010 11:45am
News once more in an hour... any thoughts?
Don't be emo... don't be emo....
  • #210,156
  • Mar 25, 2010 11:50am Mar 25, 2010 11:50am
Wonder if a overnight short could work? Any thoughts???
@pawpaw1000 on Twitter
  • #210,157
  • Mar 25, 2010 11:50am Mar 25, 2010 11:50am
Quoting pawpaw1000
what else can one do? I'm learning so I guess it'll happen...

When I open my 1st 100k account, I dont think I'll be soo happy!!!
I've decided not to scalp anymore. It is difficult to do while working and my success rate is low. I'm sticking to swing trading at a higher time frame, m15 and larger. Once I've mastered that, I might have another go at scalping, but I very much doubt it. I have been able to identify the low success rate through my spreadsheet.
  • #210,158
  • Mar 25, 2010 11:53am Mar 25, 2010 11:53am
Quoting bbakker
I've decided not to scalp anymore. It is difficult to do while working and my success rate is low. I'm sticking to swing trading at a higher time frame, m15 and larger. Once I've mastered that, I might have another go at scalping, but I very much doubt it. I have been able to identify the low success rate through my spreadsheet.
Sounds sensible ,,, i might have to do the same myself.... Question,, in 15m what dictates your entry point?? Would sma lines work in such timeframe??
Ta
  • #210,159
  • Mar 25, 2010 11:54am Mar 25, 2010 11:54am
Quoting pawpaw1000
Wonder if a overnight short could work? Any thoughts???
Overnight shorts would work cause this is the time volume is not that high, so the movement will be about the same, just won't move too much...
Don't be emo... don't be emo....
  • #210,160
  • Mar 25, 2010 12:05pm Mar 25, 2010 12:05pm
new damn lowsssssssssssssss
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