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Cable Update (GBPUSD)

  • #217,301
  • Apr 14, 2010 7:56am Apr 14, 2010 7:56am
5460
  • #217,302
  • Apr 14, 2010 7:56am Apr 14, 2010 7:56am
Quoting BadTradingFi
After the recent trauma's, I've sat out and watched. I remember a wise man once said that there is a knee jerk reaction to the news and best to leave it a bit to see how things go. (c) cloggie 2010
v true
  • #217,303
  • Apr 14, 2010 7:57am Apr 14, 2010 7:57am
Quoting BadTradingFi
no quick or rash decisions boy!!!
The rash decision to contribute to the forum rather than doing my work

I am now looking at the longer-term trades, although I did make a rash decision this morning by closing my bloody long @ 15395.

I did get in on fibre though long @13615 when it hit my order after doing my calculations and seeing the S/R and ltl. Would have been nicer if it was @13600, but hey still learning...
  • #217,304
  • Apr 14, 2010 8:00am Apr 14, 2010 8:00am
Quoting bbakker
The rash decision to contribute to the forum rather than doing my work

I am now looking at the longer-term trades, although I did make a rash decision this morning by closing my bloody long @ 15395.

I did get in on fibre though long @13615 when it hit my order after doing my calculations and seeing the S/R and ltl. Would have been nicer if it was @13600, but hey still learning...
I did close it for a 40 pip profit, but after all the agony yesterday, I should have held on to it.

On the 1 hour chart, we are finally getting some candles above the utl that we broke through, so I am bullish long-term.
  • #217,305
  • Apr 14, 2010 8:02am Apr 14, 2010 8:02am
Right, I am deadly serious now. Plenty of customer problems that need dealing with! I am out of here... really, honest, why don't you believe me
  • #217,306
  • Apr 14, 2010 8:04am Apr 14, 2010 8:04am
Quoting digger1
lol, eventually tht may change but tht trade has worked repeatedly for months and months , they throw a curve every now and then but tht is the jest of it anyway
my man whats going on
  • #217,307
  • Apr 14, 2010 8:05am Apr 14, 2010 8:05am
Quoting bbakker
I did close it for a 40 pip profit, but after all the agony yesterday, I should have held on to it.

On the 1 hour chart, we are finally getting some candles above the utl that we broke through, so I am bullish long-term.
I think I'm going to start recording my trades more accurately and then looking back to see where things went wrong, or right, etc.

I think you use IG too (memory may be wrong here), and they only give the date of the transaction which doesnt help when criticising myself

Bagged a handful this morning from not having faith in leaving it, bagged a load yesterday by being stupid and lucky.
Back to basics, it has to be for me!
  • #217,308
  • Apr 14, 2010 8:06am Apr 14, 2010 8:06am
Quoting kill56
my man whats going on
just collecting the greenie kill, lol , hope all is fine , dandy and greenie for you too my friend
  • #217,309
  • Apr 14, 2010 8:06am Apr 14, 2010 8:06am
Have a feeling the big boys are waiting for the retailers to go heavy on shorts and then they're going to blow us away.
  • #217,310
  • Apr 14, 2010 8:09am Apr 14, 2010 8:09am
Quoting Bitstream
yeah i've noticed an inverse relationship for US news... When its bad, Cable goes down and vice versa... any1 here good for an explanation as to its so?
Since the start of the financial crisis - which saw money flowing into the USD and hence a false value of the USD - any good news about the American economy recovering has signaled "risk" and risk isn't the USD it's everything else. Remeber that the opposite to risk is aversion and that's what we had during the financial crisis. Things are still trying to sort themselves out therefore it is a good base indication that: if US data is good and US futures are positive then the dollar will lose value. If US data is bad and futures are negative then the dollar will gain value.

Therefore today the dollar should weaken throughout the day as the stock markets are going to push to new highs and the data, while not stellar, was as expected. However big Ben Bernanke could change things... I wouldn't short anything today and I'd look for any good entry on a retrace. Personally I'm done for the day as I hit my daily target going long on the retrace after the news.
  • #217,311
  • Apr 14, 2010 8:09am Apr 14, 2010 8:09am
Quoting OldReigatian
Have a feeling the big boys are waiting for the retailers to go heavy on shorts and then they're going to blow us away.
pretty good argument with one of my weekly pivot levels here but it may be about to give way
  • #217,312
  • Apr 14, 2010 8:11am Apr 14, 2010 8:11am
Quoting BadTradingFi
I think I'm going to start recording my trades more accurately and then looking back to see where things went wrong, or right, etc.

I think you use IG too (memory may be wrong here), and they only give the date of the transaction which doesnt help when criticising myself

Bagged a handful this morning from not having faith in leaving it, bagged a load yesterday by being stupid and lucky.
Activity log show times too, but you also get all the other crap such as SL changes, basically every activity! Like myself, it is time for you to look at a different platform. IG Index are thieves. Once I have done my research and due diligence, I will let you know, but currently I am favouring Windsor based in Cyprus. http://www.windsorbrokers.biz/

Still plenty of research to do!

Now, no more!
  • #217,313
  • Apr 14, 2010 8:22am Apr 14, 2010 8:22am
Quoting bbakker
currently I am favouring Windsor based in Cyprus. http://www.windsorbrokers.biz/

Still plenty of research to do!

Now, no more!

Have a look at this report regarding FCM financial data capitalisation of your broker is important.
  • #217,314
  • Apr 14, 2010 8:24am Apr 14, 2010 8:24am
short from 1.5450. T.P 1.5300 CRAZY LOTS SIZE AGAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #217,315
  • Apr 14, 2010 8:26am Apr 14, 2010 8:26am
pretty choppy action, like this morning at Frankfurt open ( not as wild ) but forces me to close short for 4 pip.
  • #217,316
  • Apr 14, 2010 8:26am Apr 14, 2010 8:26am
Quoting omiunu
short from 1.5450. T.P 1.5300 CRAZY LOTS SIZE AGAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!
i like you
  • #217,317
  • Apr 14, 2010 8:26am Apr 14, 2010 8:26am
Quoting Cowboy11
Long not over yet. Friend.
u think greece is worthy though - friend!
  • #217,318
  • Apr 14, 2010 8:26am Apr 14, 2010 8:26am
the "inside" source ??? .... or your charts?

good luck!
... feel better day by day.
  • #217,319
  • Apr 14, 2010 8:28am Apr 14, 2010 8:28am
Hy..some advise here..is it cable will up again? or start to down?
  • #217,320
  • Apr 14, 2010 8:28am Apr 14, 2010 8:28am
"Have a look at this report regarding FCM financial data capitalisation of your broker is important'
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