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Cable Update (GBPUSD)

  • #215,821
  • Apr 11, 2010 4:54pm Apr 11, 2010 4:54pm
room we have to break below 15430 for it to go south no break i think we have to deal with 15490
  • #215,822
  • Apr 11, 2010 4:55pm Apr 11, 2010 4:55pm
Quoting cloggie
Yes it is, which is not looking good for a short either.
I am with you on that one! Staying away from shorting for now.
  • #215,823
  • Apr 11, 2010 4:56pm Apr 11, 2010 4:56pm
Quoting bbakker
I think you need to read Magix's excellent post once again as to his reasons why he doesn't leave positions open at the weekend.
http://www.forexfactory.com/showthre...57#post3626657

Malcolm knew something was up this weekend

And remember, you wanted to go short!
and was convinced otherwise seeing as I've never traded a gap and have only been trading 5 weeks live...

The only reason I bring it up was cause magix climbed into bb quite hard when he said he was holding longs...

Lets just drop it, Not keen on being battered for the next 30 min!!
@pawpaw1000 on Twitter
  • #215,824
  • Apr 11, 2010 4:56pm Apr 11, 2010 4:56pm
Quoting cloggie
Yes it is, which is not looking good for a short either.
got sl at b/e +5...
@pawpaw1000 on Twitter
  • #215,825
  • Apr 11, 2010 4:57pm Apr 11, 2010 4:57pm
Quoting kill56
room we have to break below 15430 for it to go south no break i think we have to deal with 15490
At London opening time, it will hit my trendline @15430. I think I am going to sit it out tonight, watch the golf come to its climax, hit the sack and be up nice and early!
  • #215,826
  • Apr 11, 2010 4:59pm Apr 11, 2010 4:59pm
Quoting pawpaw1000
Hey brother, You the one that started that last rumble by name calling so chill...

I really dont give a hell whether you were right or he was right, I'm just trading. He got it this time, maybe you get it next time?

GL and green pips!
1. There is a nice little feature on the thread, "Search this thread", click that and type in the word Mango. (where did the name calling start?)
2. Check back to March 1st.
3. There are how many hours per week to play a playable market?
4. Check my last H4 chart and topside predictions, check my last chart for 30m 200ema retrace.
5. I always encourage safe trading and playing your charts.

Really Paw, you see how easily things get out of hand here, you are just starting to come into your own, is this really where you want to find yourself?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #215,827
  • Apr 11, 2010 5:02pm Apr 11, 2010 5:02pm
Quoting pawpaw1000
and was convinced otherwise seeing as I've never traded a gap and have only been trading 5 weeks live...

The only reason I bring it up was cause magix climbed into bb quite hard when he said he was holding longs...

Lets just drop it, Not keen on being battered for the next 30 min!!
I am not having a go at you Pawpaw, you're too nice for that and like me you are still learning. Magix is Magix and there is only one Magix. He talks a lot of sense in my books, even if he comes across a little harsh at times, but that is probably due to frustration more than anything else. Sometimes you need to read between the lines.

I'm sure you got enough battering on Saturday! Did you win by the way?
  • #215,828
  • Apr 11, 2010 5:02pm Apr 11, 2010 5:02pm
Quoting Magix
1. There is a nice little feature on the thread, "Search this thread", click that and type in the word Mango. (where did the name calling start?)
2. Check back to March 1st.
3. There are how many hours per week to play a playable market?
4. Check my last H4 chart and topside predictions, check my last chart for 30m 200ema retrace.
5. I always encourage safe trading and playing your charts.

Really Paw, you see how easily things get out of hand here, you are just starting to come into your own, is this really where you want to find yourself?...
With you on the safe trading Magix and I really dont wanna get involved. Sorry for my comment, didnt wanna insult anyone...

I guess its up to each persons strategy and also lot sizes and mm etc..

BB could have been long with 0.0001% as he felt thats what he wanted to risk.

But ok, doesnt matter. I'm gonna get to bed so I can be ready for london open!!!
@pawpaw1000 on Twitter
  • #215,829
  • Apr 11, 2010 5:05pm Apr 11, 2010 5:05pm
Quoting bbakker
I am not having a go at you Pawpaw, you're too nice for that and like me you are still learning. Magix is Magix and there is only one Magix. He talks a lot of sense in my books, even if he comes across a little harsh at times, but that is probably due to frustration more than anything else. Sometimes you need to read between the lines.

I'm sure you got enough battering on Saturday! Did you win by the way?
55-10 mate and I had a HELLUVA game... Hoping there were some scouts but the way we playing, beating a team like that in the playoffs is unheard of, so we might go up a division ourselves

dont really care, as long as I go up and get a nice raze...
@pawpaw1000 on Twitter
  • #215,830
  • Apr 11, 2010 5:07pm Apr 11, 2010 5:07pm
darn i love crackforex room lets get high and beat the b;;;;;;;;;;;;;;;;h

long live voodoo boodoo
  • #215,831
  • Apr 11, 2010 5:08pm Apr 11, 2010 5:08pm
Quoting pawpaw1000
With you on the safe trading Magix and I really dont wanna get involved. Sorry for my comment, didnt wanna insult anyone...

I guess its up to each persons strategy and also lot sizes and mm etc..

BB could have been long with 0.0001% as he felt thats what he wanted to risk.

But ok, doesnt matter. I'm gonna get to bed so I can be ready for london open!!!
The beauty of a public thread is that it is a place to exchange ideas.

My point was that, closing a trade Friday, nobody loses.

That's all.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #215,832
  • Apr 11, 2010 5:11pm Apr 11, 2010 5:11pm
Quoting Magix
The beauty of a public thread is that it is a place to exchange ideas.

My point was that, closing a trade Friday, nobody loses.

That's all.

and its a good point, the market will always be here on a monday as cloggs always tells me when I wanna do something rash...

Great stuff, hoping I'll wake up with my short on fibre at t/p (1.3570)
@pawpaw1000 on Twitter
  • #215,833
  • Apr 11, 2010 5:17pm Apr 11, 2010 5:17pm
dixy update the 80.10 did hold lets see
Attached Image (click to enlarge)
Click to Enlarge Name: h1dixy.gif Size: 26 KB
  • #215,834
  • Apr 11, 2010 5:23pm Apr 11, 2010 5:23pm
Lee falls at the last hurdle yet again and Leftie is going to get another green jacket. That's my prediction over the closing holes.
  • #215,835
  • Apr 11, 2010 5:25pm Apr 11, 2010 5:25pm
Few minutes ago was closing my few long positions from .5369 at .5443..

nice cashflow..

after it price goes down..

im still in short as i inform previous..

you think guys its possible to go down 30 pips or more this night ..?!
  • #215,836
  • Apr 11, 2010 5:26pm Apr 11, 2010 5:26pm
hi guys

what you think of this openings gap ?

looks a bullish day?
  • #215,837
  • Apr 11, 2010 5:38pm Apr 11, 2010 5:38pm
Quoting Magix
Let me say this first, you are 100% responsible for every trade you take.

For those of you new to market or have forgotten as far back as March 1st, let me bring you to an upswing from Friday into a massive gap down for Sunday open....
Nice caution about Gap at good time
  • #215,838
  • Apr 11, 2010 5:38pm Apr 11, 2010 5:38pm
Quoting Ctic
Paw Paw,

The idea behind the gap is not to open the short and catch 50 - 60 pips. What if it gaps the other direction? Now you have to move 120 pips to make 60.

Better idea:

Open a hedge once it gaps, find the turnaround spot and close the position that has the proft. Now ride it back the other way.. You could even put in an extra trade at that point too. (Takes some experience to do this very effectively). Now your 60 pips would turn into 90+ if the gap covers. (Which it usually does to a decent extent.

C.
See Paw Paw,

You would of got screwed here. Now to make your 60 pips you would have to make 150 pips. You would need about 100 just to break even. With the hedge like I said you would have closed out +100 (roughly) place new short in and now you would be about +30 on one and -60 or so on the other... That is one way to play gaps.

C.
  • #215,839
  • Apr 11, 2010 5:42pm Apr 11, 2010 5:42pm
Quoting bbakker
I am with you on that one! Staying away from shorting for now.
Hi bro
Like your attention at every post and how to get the point from everyone
Hope we can see more analysis from you
  • #215,840
  • Apr 11, 2010 5:43pm Apr 11, 2010 5:43pm
Quoting adrianebn
hi guys

what you think of this openings gap ?

looks a bullish day?
Remember, it's not a gap as there were many trades that were going on at the weekend to push it up to that point, so just imagine lots of candle sticks going up and down over a 2 day period in the 'gap'.

That 'gap' is real people trading causing it to go up, and they were wanting to buy, so they did.
Probability Professor
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