Cable Update (GBPUSD) | Page 12405 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #248,081
  • Aug 24, 2010 3:04am Aug 24, 2010 3:04am
Quoting Bydyke
Quite rightly, you just said 'average.' To get an average there are also highs and lows.

London has just opened. I hope you're not saying all that will happen between now and the US session is the remaining 7%?

Today is looking like a 200 pip day

I am simply stating a fact...I have no idea what the rest of the day will bring, and in that I am in good company with the rest of the market. As for wether it is looking like a 200pip day - I refer you to my point above.

The reason for looking at the price's relationship to it's average pip rabge is that there exists a greater chance of a reversal/deeper correction when price is extended and well extended beyond it's average, but of courtse there will always be those days that make up the 'outliers' of the average, as you suggest today might be.

G/L
ex member
  • #248,082
  • Aug 24, 2010 3:04am Aug 24, 2010 3:04am
Quoting Bydyke
Quite rightly, you just said 'average.' To get an average there are also highs and lows.

London has just opened. I hope you're not saying all that will happen between now and the US session is the remaining 7%?

Today is looking like a 200 pip day
How do you figure.
  • #248,083
  • Aug 24, 2010 3:07am Aug 24, 2010 3:07am
Thank god we're out of that range, waiting for retraces to short this now....
  • #248,084
  • Aug 24, 2010 3:08am Aug 24, 2010 3:08am
Quoting c2v4l
Why would you trade a signal from EURUSD?
Euro and GBP have not been dancing the same song
  • #248,085
  • Aug 24, 2010 3:09am Aug 24, 2010 3:09am
  •  zigizum
  • | Joined Aug 2010 | Status: Not in a hurry too blow my account | 52 Posts
to add short I see very nice level at 1,5450! SL around 1,5520

trailing down to next target at 1,5350.
  • #248,086
  • Aug 24, 2010 3:15am Aug 24, 2010 3:15am
they don't dancing together?

sorry im newbie...
why they sometimes seems together and why somethimes they r not together?
  • #248,087
  • Edited 3:35am Aug 24, 2010 3:17am | Edited 3:35am
This is not really the thread for this, but it is food for thought and could spell the end for retail FX in the US.

http://blogs.forbes.com/greatspecula...forex-traders/

Nobody really knows how the CFTC is going to interpret the rules going forward. Opening a non US account may get some grandfather rights.

They are very clear in their 1:10 leverage proposal:

§ 5.9 Security deposits for retail forex
transactions.
(a) Each futures commission merchant
engaging, or offering to engage, in retail
forex transactions and each retail
foreign exchange dealer must collect
from each retail forex customer a
minimum security deposit in the form
of cash or other financial instruments
that comply with the requirements
specified in § 1.25 of this chapter for
each retail forex transaction equal to:
(1) Ten percent of the notional value
of the retail forex transaction;
  • #248,088
  • Aug 24, 2010 3:21am Aug 24, 2010 3:21am
It was a classic 'congestion - 2nd b/o' on 4hr, ie price breaks out of the 4hr congestion at a, pullsback to b and breaks out again at c....proving yet again, as if it were needed that most 1st breakouts are false....better in most cases to await the 2nd b/o. My own exception to this may be a thrust candle b/o of a range/consolidation/congestion in the right overallk prioce action conditions on the t/f's above the consolidation t/f.

Uk data in 8mins or so.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 10 KB
ex member
  • #248,089
  • Aug 24, 2010 3:30am Aug 24, 2010 3:30am
Attached Image
  • #248,090
  • Aug 24, 2010 3:34am Aug 24, 2010 3:34am
Quoting cloggie
This is not really the thread for this, but it is food for thought and could spell the end for retail FX in the US.

http://blogs.forbes.com/greatspecula...forex-traders/

Nobody really knows how the CFTC is going to interpret the rules going forward. Opening a non US account may get some grandfather rights.

Cloggie,
I've been following your posts for a while now and appreciate your willingness to help us "teachable" noobs.

The democrats will be the end of us here in the U.S., and god how I detest that lying sack of.... Barney Frank. Hopefully I can make a little coin before Dodd & Frank screw the FX mkt the way they 'f'd the fannie/freddie oversight.
What we obtain too cheap, we esteem too lightly.
  • #248,091
  • Aug 24, 2010 3:35am Aug 24, 2010 3:35am
Very good
  • #248,092
  • Aug 24, 2010 3:38am Aug 24, 2010 3:38am
Quoting USD-Bear
Scalping long @ 1.538
Collected 20 pips
Don't be a hero. Don't have an ego. Always question yourself
  • #248,093
  • Aug 24, 2010 3:39am Aug 24, 2010 3:39am
Quoting cloggie
This is not really the thread for this, but it is food for thought and could spell the end for retail FX in the US.

http://blogs.forbes.com/greatspecula...forex-traders/

Nobody really knows how the CFTC is going to interpret the rules going forward. Opening a non US account may get some grandfather rights.

They are very clear in their 1:10 leverage proposal:

§ 5.9 Security deposits for retail forex
transactions.
(a) Each futures commission merchant
engaging, or offering to engage, in retail
forex...
So what you think ? Massive move to oversea brokers ?
  • #248,094
  • Aug 24, 2010 3:40am Aug 24, 2010 3:40am
Quoting cvarnado
How do you figure.

The Asian session had given us an excess of 100 pips. The volume therein is not as high as those of the London and New York Sessions. It is thus very likely that the figure wili be doubled.
  • #248,095
  • Aug 24, 2010 3:40am Aug 24, 2010 3:40am
Quoting citsagos
So what you think ? Massive move to oversea brokers ?

No, the CFTC wants to keep non US brokers from having US accounts. So if they have their way, US citizens cannot open retail accounts outside the US.

http://www.cftc.gov/ucm/groups/publi.../2010-456a.pdf
  • #248,096
  • Aug 24, 2010 3:43am Aug 24, 2010 3:43am
Quoting fxoxford
there's no need to jump into longs at the moment let shorts run it's course then let the uptrend develope then jump in to a strong ride back up 1.5700 area, right now where looking at 1.5350 area before shorts run it's course, but wait till the long trend starts and wait for confirmation then go with the trend, good luck to all
just a repeat, lets stay on our toes and not get stuck jumping the gun, wait till confirmation and the fruits of your labor will pay off big time. good luck to all
  • #248,097
  • Aug 24, 2010 3:44am Aug 24, 2010 3:44am
Quoting cloggie
This is not really the thread for this, but it is food for thought and could spell the end for retail FX in the US.

http://blogs.forbes.com/greatspecula...forex-traders/

Nobody really knows how the CFTC is going to interpret the rules going forward. Opening a non US account may get some grandfather rights.

They are very clear in their 1:10 leverage proposal:

§ 5.9 Security deposits for retail forex
transactions.
(a) Each futures commission merchant
engaging, or offering to engage,...
Restricting leverage to 1:10 is actually doing a huge favour to retail traders in the US. It definitely won't prevent one single trader from getting rich from forex, but it will, at the very least, slow down the rate of losses on most accounts.
  • #248,098
  • Aug 24, 2010 3:44am Aug 24, 2010 3:44am
Quoting cloggie
No, the CFTC wants to keep non US brokers from having US accounts. So if they have their way, US citizens cannot open retail accounts outside the US.

http://www.cftc.gov/ucm/groups/publi.../2010-456a.pdf
where in trouble big time if this sh!t runs it course
  • #248,099
  • Aug 24, 2010 3:46am Aug 24, 2010 3:46am
Quoting USD-Bear
Collected 20 pips


Clearly, you deserve an applause.

Anybody who can rake in such pips on this down trend is no mean trader.

Bravo
  • #248,100
  • Aug 24, 2010 3:48am Aug 24, 2010 3:48am
Quoting gammase1
Restricting leverage to 1:10 is actually doing a huge favour to retail traders. in the US. It definitely won't prevent one single trader from getting rich from forex, but it will, at the very least, slow down the rate of losses on most accounts.
bro how will it slow the rate, you blow your account because you don't know how to trade, the only thing now is your be blowing more money, instead blowing a $500 account your be blowing a 10k account, so one person is blowing 20 accounts at once
426 traders viewing now, 1 is registered: