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Cable Update (GBPUSD)

  • #243,961
  • Aug 6, 2010 7:30am Aug 6, 2010 7:30am
Quoting Tibong
Cloggie,

Do we have another retest here? how far can she go now?
Already posted by both me and AMS, keep up in the back.
  • #243,962
  • Aug 6, 2010 7:31am Aug 6, 2010 7:31am
Good evening guys!

Well, finally I closed my longs on gbp/usd (1.5982) 110 pips and on eur/usd (1.33) 157 pips. Still holding my longs in JPY group.

Good luck for everyone. Be careful, and everything gonna be allright.
  • #243,963
  • Aug 6, 2010 7:33am Aug 6, 2010 7:33am
Quoting 4xStar
Because of the river .. current was slowing down & I had reached my pip goal for today. Learning not to try to grab the first & last pip

We're at the next obvious level having past 5960, R2.
  • #243,964
  • Aug 6, 2010 7:33am Aug 6, 2010 7:33am
Quoting 4xStar
Because of the river .. current was slowing down & I had reached my pip goal for today. Learning not to try to grab the first & last pip
Okay. But since 5976 is a resistance and since the price blew that, I moved my SL to 5973 and now price can do what it wants. Either way I'm happy. Moves up, I'll be happier.
  • #243,965
  • Aug 6, 2010 7:35am Aug 6, 2010 7:35am
Quoting cloggie
We're at the next obvious level having past 5960, R2.
Yeah, I am watching that .. new consolidation on 5 min
******************* I'd rather make money than be right.
  • #243,966
  • Aug 6, 2010 7:43am Aug 6, 2010 7:43am
Quoting langdonb
http://forexltd.co.uk/
They are London time...unlimited demo, no expiration.
I just installed this one .. time is the same as my forex.com. I think maybe it feeds different times to US customers...

So far cannot find one aligned with LO.
******************* I'd rather make money than be right.
  • #243,967
  • Aug 6, 2010 7:43am Aug 6, 2010 7:43am
Quoting digger1
good day traders , there are levels on some different time frames some are watching , this is just taking the hourly charts pa . Since its nfp day , both sides could be whacked before the days over . Good luck everyone Attachment
well traders topside tgt was hit , the little blip on the gbp news served as a good reload spot hope all done well and have a great week end all
  • #243,968
  • Aug 6, 2010 7:44am Aug 6, 2010 7:44am
Quoting PipGrabber
Okay. But since 5976 is a resistance and since the price blew that, I moved my SL to 5973 and now price can do what it wants. Either way I'm happy. Moves up, I'll be happier.
Well you're stopped out now .. so we're even
******************* I'd rather make money than be right.
  • #243,969
  • Aug 6, 2010 7:46am Aug 6, 2010 7:46am
Looks like most of the price traders have gotten out, give us a tally for the week if you wouldn't mind please.
  • #243,970
  • Aug 6, 2010 7:47am Aug 6, 2010 7:47am
good job, seems everyone did ok, congrats!! I did a bit of gamble today, heard some rumors from guys in London that data is gonna be very bad but since it was confirmed that another member of Obama economy team has resigned that the fact that it was after delivering him the job report last night, it was kind of obvious what to expect, got in pre-news at .5875 and am out with +122. not bad to be honest.

have a great weekend guys!
  • #243,971
  • Aug 6, 2010 7:48am Aug 6, 2010 7:48am
Quoting 4xStar
Well you're stopped out now .. so we're even
Yep, you're right.
  • #243,972
  • Aug 6, 2010 7:48am Aug 6, 2010 7:48am
Thanks for your advice with my technical problems. Will download MT4 over the w'/e and give it a whirl.Should be able to keep the other charts in the background somewhere.Thanks also for advice re.getting the time right for LO.
All systems of divination, like music itself,work through patterns.
  • #243,973
  • Aug 6, 2010 7:49am Aug 6, 2010 7:49am
Quoting kaspopsicle
Thanks also for advice re.getting the time right for LO.

No other way to trade Cable, you want a fresh H4 on the open.
  • #243,974
  • Aug 6, 2010 7:54am Aug 6, 2010 7:54am
I'm down 105 pips this week, but lets see how next week goes as I use this box method
  • #243,975
  • Aug 6, 2010 7:55am Aug 6, 2010 7:55am
Quoting cloggie
Looks like most of the price traders have gotten out, give us a tally for the week if you wouldn't mind please.
+417
******************* I'd rather make money than be right.
  • #243,976
  • Aug 6, 2010 7:57am Aug 6, 2010 7:57am
Quoting cloggie
No other way to trade Cable, you want a fresh H4 on the open.
So far still can't find the right feed .. will try FXCM UK next (if they let me use their UK version). Maybe I could give my address as UK.... I still remember the one we had there
******************* I'd rather make money than be right.
  • #243,977
  • Aug 6, 2010 7:57am Aug 6, 2010 7:57am
Quoting 4xStar
+417
All rite 4xstar way to go
  • #243,978
  • Aug 6, 2010 7:57am Aug 6, 2010 7:57am
Quoting 4xStar
+417

400 pips is not bad for a week of range trading. With proper MM and risk of less then 2% per trade you can double an account in 6-8 weeks.

Another way of looking at it is if you had 10k in your account and only trade 1/2 lot at a time it generates an income of 100k a year.
  • #243,979
  • Aug 6, 2010 8:01am Aug 6, 2010 8:01am
Quoting 4xStar
So far still can't find the right feed .. will try FXCM UK next (if they let me use their UK version). Maybe I could give my address as UK.... I still remember the one we had there

If you can't find one, how about a UK VPS? Just for your charting, well worth the little bit of money that would cost you.
  • #243,980
  • Aug 6, 2010 8:02am Aug 6, 2010 8:02am
Quoting cloggie
No other way to trade Cable, you want a fresh H4 on the open.
Fresh ..does this mean no previous TL ,SR on H4 Monday LO, just draw in previous weeks WP or perhaps completely clean chart with notes of previous action ..no worries i could leave all that stuff on my other charts.
Have a wonderful weekend.. All of you
All systems of divination, like music itself,work through patterns.
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