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Cable Update (GBPUSD)

  • #220,941
  • Apr 23, 2010 4:59am Apr 23, 2010 4:59am
Quoting OldReigatian
I don't really use any charts or indicators.

I look at daily highs and lows enter trades at pre-established levels and then buy or sell units. When the price drops below or above average buy/sell price by 25 pips I close all my entries for that cycle.

I don't have time to manage charts etc. but the system works for me.

My account balance has grown at a rate of 0.45% per day since I started which is behind the 0.85% I really wanted, but I guess I have to put the first year down to experience. Been some hairy moments along the way, but it seems...
Interesting stuff! Much like me I rarely let my trades run into the big numbers, I take little and often from the market. Although I want to start leaving small positions open at BE for the longer run.
Well done for the growth. Keep it up
  • #220,942
  • Apr 23, 2010 5:00am Apr 23, 2010 5:00am
Quoting lexazver
Greek bonds are rallying hard now
What platform or site are you watching greek bonds?
Probability Professor
  • #220,943
  • Apr 23, 2010 5:00am Apr 23, 2010 5:00am
Ok at least now I see some good evidence that cable is being sold at 1.5380 perhaps we just stuck in range before big boys can sell as much as they can and then drop it....
  • #220,944
  • Apr 23, 2010 5:00am Apr 23, 2010 5:00am
Quoting Galation
What platform or site are you watching greek bonds?
Bloomberg
  • #220,945
  • Apr 23, 2010 5:03am Apr 23, 2010 5:03am
Quoting malcolmb14
I am on the blower to soros right now ....

' Hey Georgie boy it's Malc... can you buy euro to make sure I do not look like a muppet on ff '
that was fast.
malcolm must have made that call to soros. 400 pips left
oi mal, tell him to short cable while he's at it. give us a hand
Thank You
  • #220,946
  • Apr 23, 2010 5:07am Apr 23, 2010 5:07am
Oh Portugal - will u blow next week
  • #220,947
  • Apr 23, 2010 5:09am Apr 23, 2010 5:09am
Quoting free4440273
Oh Portugal - will u blow next week
Greece at the begging bowl today!
  • #220,948
  • Apr 23, 2010 5:09am Apr 23, 2010 5:09am
Quoting wormboy
that was fast.
malcolm must have made that call to soros. 400 pips left
oi mal, tell him to short cable while he's at it. give us a hand
Yeah, Malc please give him a call.
Have a nice weekend wormy.
  • #220,949
  • Apr 23, 2010 5:10am Apr 23, 2010 5:10am
Quoting The Magician
Interesting stuff! Much like me I rarely let my trades run into the big numbers, I take little and often from the market. Although I want to start leaving small positions open at BE for the longer run.
Well done for the growth. Keep it up
Cheers.

Just in case you were wondering what the 0.85% is all about - From my initial pot and scaling up my trades in line with daily percentage, I should hit a million $ in 2 years
  • #220,950
  • Apr 23, 2010 5:12am Apr 23, 2010 5:12am
Quoting OldReigatian
Cheers.

Just in case you were wondering what the 0.85% is all about - From my initial pot and scaling up my trades in line with daily percentage, I should hit a million $ in 2 years
Now you're talking my language! So long as you're consistently hitting those levels there's no reason why you can't do it. Good luck! Compound is the way to do it!

EUR and FTSE showing weakness now. Come on cable, HIT the floor!
  • #220,951
  • Apr 23, 2010 5:13am Apr 23, 2010 5:13am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
....no more wind ..
  • #220,952
  • Apr 23, 2010 5:13am Apr 23, 2010 5:13am
This 1.5350 is a beggar to break, but if it goes then there's 100 pips to be made.
  • #220,953
  • Apr 23, 2010 5:15am Apr 23, 2010 5:15am
Quoting melba
....no more wind ..
That should help the ozone
  • #220,954
  • Apr 23, 2010 5:15am Apr 23, 2010 5:15am
Quoting OldReigatian
This 1.5350 is a beggar to break, but if it goes then there's 100 pips to be made.
Agreed. SL 402, TP 250-270 depending on PA
  • #220,955
  • Apr 23, 2010 5:15am Apr 23, 2010 5:15am
The euro boys are finishing their bowl of fibre, lots of selling pressure there and FTSE is finally realising that further North is nuts, Cable should be next. Short 5360 exactly where I got out on the last one....
  • #220,956
  • Apr 23, 2010 5:17am Apr 23, 2010 5:17am
Now let's watch this fatty little piggy sink
  • #220,957
  • Apr 23, 2010 5:22am Apr 23, 2010 5:22am
Quoting cloggie
The euro boys are finishing their bowl of fibre, lots of selling pressure there and FTSE is finally realising that further North is nuts, Cable should be next. Short 5360 exactly where I got out on the last one....

still holding short from 1.5355, but donīt feel very comfortable with it right now. EUR gives back, usdcad my couter pair is rising and the b...ch is climbing, wtf
  • #220,958
  • Apr 23, 2010 5:23am Apr 23, 2010 5:23am
Maintime Update
Attached Image (click to enlarge)
Click to Enlarge Name: 23 april 2010.gif Size: 56 KB
  • #220,959
  • Apr 23, 2010 5:24am Apr 23, 2010 5:24am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting OldReigatian
That should help the ozone
...and global warming...
  • #220,960
  • Apr 23, 2010 5:28am Apr 23, 2010 5:28am
is 5380 ryt level to short
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