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Cable Update (GBPUSD)

  • #234,641
  • Jun 30, 2010 4:41am Jun 30, 2010 4:41am
Yes i heard before about their bad reputation so i was thinking close my account with ODL after they merged 21.st of May..but only first week there were some issues with disconnecting platform..later everything okey..

Quoting 4xStar
I didn't know they merged with ODL .. maybe they have changed their ways. I would still never go back to them tho, after my experience.
MB Trading is excellent.
  • #234,642
  • Jun 30, 2010 4:41am Jun 30, 2010 4:41am
Quoting drakes
Wonder if its a correction before going down again...
most likely. but this is forex anything can happen
  • #234,643
  • Jun 30, 2010 4:42am Jun 30, 2010 4:42am
off to bed, gonna take a snooze before n.y. opens. good luck to all
  • #234,644
  • Jun 30, 2010 4:42am Jun 30, 2010 4:42am
Quoting fxoxford
depends on your account size, the bigger the account the bigger the profits. we all started in the same place, with small accounts, it takes a little time to build up where you can make 15k per week or more. not hard if your account is big enough.
Yea i know, the thing is i only keep enough in my trading account to be able to make my 10k a month based on my money management plan. The maximum amount of lots i can take risking 3% of my account is 3 standard lots, which i rarely do that. Most of my trades are .50 - 1 standard lot which makes me my 10k monthly easily anyways.
  • #234,645
  • Jun 30, 2010 4:43am Jun 30, 2010 4:43am
Quoting fxoxford
where do you see cable today? 1.4900 or above 1.5000
Looks like we keep getting little nudges from the fundamentals today, technically she wants to head to a test of 49, fundamentally we keep getting held up. Let's see if the ADP can clear the direction later, I have been trading the short side since this morning and covered earlier, would still like to see a visit of the 150 on H1, around 4966, once that goes 4953 is next. IF the fundies hold us up we will see the DP again.

For now I am still short biased for the day, just selling the retraces and riding the waves, keeping a close on the euro.

I am not selling this retrace though, letting it settle down and the news filter through the price.
  • #234,646
  • Jun 30, 2010 4:49am Jun 30, 2010 4:49am
Quoting cloggie
Careful with those shorts, don't give it back to the market, ECB refi at 1.0 fixed, however only 131 yards.

i think they still try to make people panic.,
3 pips before TP she move up, i have to wait longer, hate this one..,
I will be the number one Manager.
  • #234,647
  • Jun 30, 2010 4:55am Jun 30, 2010 4:55am
Quoting javapips
don't always underestimate your self dude, it could build 'unconfident' in the future.., think like a master and you will be.., (that's what i read in a book )



note: think like michael jordan and you will throw ball to the ring all the way . (if i'm not forgot)

nope...
i know what i doing..
coz i trade what i see and believe..
that why when short gu and aud on monday..
some laugh at me..
and it play nicely..
got overall 360pips..
10usd/pips..
now flat..
still looking for high to short..
unless 5150 broken then will change side to long...
buy high,sell low...it not that simple just like saying it..
Revesal Trader
  • #234,648
  • Jun 30, 2010 4:59am Jun 30, 2010 4:59am
Although not shown on pic below that recent bounce up in cable was off the 23.6% of the 4503-5127 move combined with the bottom of the 1hr ascending channel...see 1hr pic below.

G/L

http://i47.tinypic.com/5vt5pf.gif
ex member
  • #234,649
  • Jun 30, 2010 5:05am Jun 30, 2010 5:05am
Relief rally or start of new trend off current 4981 lows ?

Below current price

4959 = 38.2% 4686-5127 and 61.8% 4855-5127
4943 = 38.2% 4644-5127 and 23.6% 4345-5127
4886-89 = 38.2% 4503-5127 with 50% 4644-5127

G/L
ex member
  • #234,650
  • Jun 30, 2010 5:05am Jun 30, 2010 5:05am
2290 is the one to watch on fibre and lets see if dixy gets back to 86, then there may be a case for further shorts on Cable. I am still flat, letting the news get priced in.

Traders can be a bit thick, takes them a while to realise what it means....
  • #234,651
  • Edited 6:51am Jun 30, 2010 5:09am | Edited 6:51am
Quoting cloggie
2290 is the one to watch on fibre and lets see if dixy gets back to 86, then there may be a case for further shorts on Cable. I am still flat, letting the news get priced in.

Traders can be a bit thick, takes them a while to realise what it means....
Don't you think your ancestral arrogance is getting a bit tame??
  • #234,652
  • Edited 5:31am Jun 30, 2010 5:11am | Edited 5:31am
Quoting BackTestDummy
BetonMarkets is a very different company - they are not a Broker they are a Bookmaker. They offer bets such as 'the market will be higher in 10 minutes' - in trending markets this is a fairly easy bet to get right more times than wrong. I had a method which worked exceptionally well, for around two years I made a lot of money - then they decided to remove the 4th digit after the decimal point - this meant that it had to move at least 10 points in 10 minutes for a win to be possible.

I looked at the site again recently and saw that they have now...
So, there are other capers ! I thought FX-brokerage was the best way into Moneydom !
  • #234,653
  • Jun 30, 2010 5:15am Jun 30, 2010 5:15am
Quoting cloggie
. IF the fundies hold us up we will see the DP again.

.
Fibre and dixy are getting us there.
  • #234,654
  • Jun 30, 2010 5:16am Jun 30, 2010 5:16am
Quoting cloggie
2290 is the one to watch on fibre and lets see if dixy gets back to 86, then there may be a case for further shorts on Cable. I am still flat, letting the news get priced in.

No case yet, 2290 gave no defense, rolled over and played dead.
  • #234,655
  • Jun 30, 2010 5:21am Jun 30, 2010 5:21am
another bullish flag on gu and fiber
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h4.jpg Size: 141 KB
  • #234,656
  • Jun 30, 2010 5:21am Jun 30, 2010 5:21am
Quoting cloggie
Careful with those shorts, don't give it back to the market, ECB refi at 1.0 fixed, however only 131 yards.

Did you?
  • #234,657
  • Jun 30, 2010 5:31am Jun 30, 2010 5:31am
Good bounce off S/R --ignore the DD!
Look to far left of chart as well
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-06-30_2019_cable.png Size: 237 KB
We are all One. Be present. Be the Observer
  • #234,658
  • Jun 30, 2010 5:32am Jun 30, 2010 5:32am
Side wedge has turned into a downward channel. But given the positive outcome of the ECB tender, she might make a break to the up side.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_1h.JPG Size: 26 KB
The markets can remain irrational longer than you can stay solvent. -Keynes
  • #234,659
  • Jun 30, 2010 5:44am Jun 30, 2010 5:44am
Quoting Bull_Bear
Morning folks, taking long off the table, possible retrace back to 1.4900 area.

Sell 1.5053.. SL 1.5120.. TP 1.4900

Catch you guys at the London session
Nice bounce of 1.4980, but hang on to your shorts folks...1.4900 is my destination.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 117 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #234,660
  • Jun 30, 2010 6:03am Jun 30, 2010 6:03am
M30 play is still valid today. News has filtered through, we are getting back to where we started.

.
Attached Image (click to enlarge)
Click to Enlarge Name: m30 play.gif Size: 34 KB
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