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Cable Update (GBPUSD)

  • #248,281
  • Aug 24, 2010 10:02am Aug 24, 2010 10:02am
Quoting bbakker
Yep they close and then open a new position at a cost of a pip or two. Can't remember now as it has been months since I last touched their platform.

For a UK tax resident with no structure in place it has distinct tax advantages I guess, that must be the only benefit.
  • #248,282
  • Aug 24, 2010 10:02am Aug 24, 2010 10:02am
Quoting Delite
Oh. Beginning to feel like a completely naive numpty. So do you all use brokers?
Please don't feel bad. Their adverts are very tempting. If you are able to make money using a SB company, then I will stand corrected.

Using a dedicated broker is the preferred route with most serious traders. I use Oanda. Not perfect, but very fair in my 5 year experience.
  • #248,283
  • Aug 24, 2010 10:03am Aug 24, 2010 10:03am
Quoting Magix
Listen Ace....

Why you gotta be mad at me?

Your logic made no sense...I asked you about it...

You are the one all flying off the handle. I realize that taking a shit trade can put anybody in a pissy mood, especially if you sat for a week and watched 500 walk past you and newb traded the bottom of the chart, but that's not my fault.

I was throwing around a few ideas...Congratulated you on your success and wished you well on the week.
You seem to be very short-minded, You are not asking anything, you are just stating things not knowing anything, I'm in a perfect mood after collecting my Asia-trade and a little scalp today so no worry, I told in forum why my last unsuccessful trade was made and also where I went wrong. You choose not follow anything but just give me your bullshit where you can.
If I post trades I post them all the way good or bad and if I have the time with reason's attached. As I told you previously, if you like to discuss those reasons you are welcome, but the input you produce is not very constructive
Don't be a hero. Don't have an ego. Always question yourself
  • #248,284
  • Aug 24, 2010 10:03am Aug 24, 2010 10:03am
Quoting Magic Hat
I've only ever followed Cable in any great depth...have Fibre and Swissy charts open just to check the lie of the land but didn't know 'correlation trading' was an actual method.

May pick your brains one day, probably when you least expect it.
If you want to know exact correlation on a daily/weekly basis you'll find the info at http://www.forexmarkethours.com/correlation/06/ and http://www.mataf.net/en/tools/01-01-correlation
  • #248,285
  • Aug 24, 2010 10:06am Aug 24, 2010 10:06am
todays up move in gbp was very good
gave enough time n opportunity to close short and go long

what u all say??
  • #248,286
  • Aug 24, 2010 10:07am Aug 24, 2010 10:07am
Quoting bbakker
Yep they close and then open a new position at a cost of a pip or two. Can't remember now as it has been months since I last touched their platform.
Yes - that's right, I tend not to trade over the 8pm changeover period because of it. Even after reading the help, I couldn't understand what they were doing. I emailed them and they answered my question much better.

IG suits me for the time being. It's all I know at the moment until I find a more suitable way.

You will always get glitches with anything!

I'm only learning and not playing with £1000's.
  • #248,287
  • Aug 24, 2010 10:08am Aug 24, 2010 10:08am
Quoting Magic Hat
I've only ever followed Cable in any great depth...have Fibre and Swissy charts open just to check the lie of the land but didn't know 'correlation trading' was an actual method.

May pick your brains one day, probably when you least expect it.
Your more than welcome too
  • #248,288
  • Aug 24, 2010 10:10am Aug 24, 2010 10:10am
Quoting Magix
Listen Ace....

Why you gotta be mad at me?

Your logic made no sense...I asked you about it...

You are the one all flying off the handle. I realize that taking a shit trade can put anybody in a pissy mood, especially if you sat for a week and watched 500 walk past you and newb traded the bottom of the chart, but that's not my fault.

I was throwing around a few ideas...Congratulated you on your success and wished you well on the week.
take it easy bro..no point of arguing about something like this...if he like to sat on a 500pips and by means just looking at it.....let him...bro...let concentrate on the trades....
  • #248,289
  • Aug 24, 2010 10:11am Aug 24, 2010 10:11am
Quoting cloggie
Don't they close out your positions at day's end to meet the spirit of the law, because paying a swap is considered investing and to meet the gambling criteria they can't do that?
If i understand you correctly, IG do not close out your position at end of day so long as you have clicked on agreement to rollover to the next days trading and whenever u choose to close the trade. Yes ,they technically close but immediately reopen at around 8.00pm british whatevers. They are not easy but i've learnt how to use them( they're withdrawal system is fast and accurate!)You have immediate access to the dealers (telephone) if you're on a crash which for me is good. I'm not selling them and i never thought that i would hear myself saying this...but the've taught me a lot in terms of being patient and responsible and most importantly not to compare or blame any other processing system other than myself. They are OK Cloggs
All systems of divination, like music itself,work through patterns.
  • #248,290
  • Aug 24, 2010 10:11am Aug 24, 2010 10:11am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Had my PO @ 546xx as mentioned filled @ 650... However, I am not convinced of much momentum so my SL is very narrow range @ 54800. Only 15 pips

Might even put it @ BE if it moves 20-30 pips further.

ta
ams



Quoting ams
Level to watch 54600...goes above, I am a buyer, touches and reverts, I am a seller big time.


ta
ams
  • #248,291
  • Aug 24, 2010 10:15am Aug 24, 2010 10:15am
Quoting bbakker
If you want to know exact correlation on a daily/weekly basis you'll find the info at http://www.forexmarkethours.com/correlation/06/ and http://www.mataf.net/en/tools/01-01-correlation
Merci bien. Interesting to see actually, especially correlations you wouldn't ordinarily expect such as Cable / Loonie on the 1hr.
  • #248,292
  • Aug 24, 2010 10:17am Aug 24, 2010 10:17am
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Trade what you see, Not what you think.
  • #248,293
  • Aug 24, 2010 10:18am Aug 24, 2010 10:18am
Quoting Magix
I think I was his second vouch after he got back from his time out...Gunna leave my support there for him.

I don't believe he has commercial interests, and I do believe his efforts are meant in the best spirit of FF.

FL belongs here more than I do. I have been one of his greatest
detractors because of his debased nature. Still I don't find this
element to be in the best spirit of FF. I have received PM's from
ladies in the forum who are offended greatly by his perverse nature,
have been afraid to call him out in this mostly male environment
and thanked me for doing so. On that account alone I could never
give him a vouch. Notwithstanding, his trading skills and efforts to
help others seem more genuine now and may be deserving a higher
regard from others here yet I have seen in the past where he has
been called out for some trading indiscretions by more accomplished
traders...deceptive behaviors that we're not on the up and up such
as editing, fabricating and even cooking the books. I don't know
enough about this but I have seen a certain degrees of commercial
promotion meant to draw others to his so-called managed fund
services. I've been annoyed by his repeated plagerizing. Notice
now he posts the appropriate link, giving credit where credit is due.

Back in the spring, I filed complaints against him and perhaps had
something to do with him losing his sign-up date membership status,
reduced from '06 to '09 which greatly limited his sanctioning abilities.
Those who have been members longer than he are untouchable by
him and his once authoritative 'itchy finger'. Reading his profile you'll
see the remarks made by Twee regarding some of this.

I had nothing directly to do with his recent loss of vouch status
and don't know the specifics. It may be due to the accummulated
complaints that have come over time. Now he has had to go through
a cleansing by fire of sorts losing all of his vouches. This is humbling
if status means anything... and it does to some more than others...
it possibly has caused him to be less self-serving and we are now
seeing a different more amenable person. Still he continues to post
perverse materials and complaints continue which some in this forum
excuse as part of the normal decorum for an asylum of derilects.
Others still find it offensive. So each to his own.

Magix first off (and some others) have taken the higher ground in
offering him a hand of fellowship. I'm more inclined to watch my
back of his other hand. He tried to exercise his FF authority on
me months ago threatening me and I stood up to him at the risk
of suspension purely upon principles of promoting and maintaining
some decency in a mixed forum. I'm not one to tell him what should
govern his thinking or his nature. He will be who he is... so will we
all, with or without vouches. "As A Man Thinketh".

As for trading interests and skills, FL certain belongs here more than
I do.

Dr. D.
  • #248,294
  • Aug 24, 2010 10:18am Aug 24, 2010 10:18am
Quoting AdrianHNV
Your more than welcome too
Doesnt take a lot of brain to see that currency pairings interract... now really that is beginners stuff...as long as you can see
All systems of divination, like music itself,work through patterns.
  • #248,295
  • Aug 24, 2010 10:20am Aug 24, 2010 10:20am
my M15 chart are showing a good retrace....most probably i will starts putting in some longs now....and hoping that i'm rite...just hate it when trade the counter trend....but still have to do it....if it goes well....i might let it swing for a while....since this is the starting point of a support in H4....
  • #248,296
  • Aug 24, 2010 10:22am Aug 24, 2010 10:22am
Quoting TommyPips
Yes - that's right, I tend not to trade over the 8pm changeover period because of it. Even after reading the help, I couldn't understand what they were doing. I emailed them and they answered my question much better.

IG suits me for the time being. It's all I know at the moment until I find a more suitable way.

You will always get glitches with anything!

I'm only learning and not playing with £1000's.


Next step for you is a micro account with a MT4 broker. It is not that difficult to do and you start with $0.10 per pip. IG Index will ramp it up to a minimum of 50p per pip soon. Whatever you decide I wish you success.
  • #248,297
  • Aug 24, 2010 10:23am Aug 24, 2010 10:23am
Quoting kaspopsicle
Doesnt take a lot of brain to see that currency pairings interract... now really that is beginners stuff...as long as you can see
We all had to start from the beginning!

I am orf home, toodeloo!
  • #248,298
  • Aug 24, 2010 10:25am Aug 24, 2010 10:25am
Quoting Magic Hat
Merci bien. Interesting to see actually, especially correlations you wouldn't ordinarily expect such as Cable / Loonie on the 1hr.
Pas de problème.
  • #248,299
  • Aug 24, 2010 10:26am Aug 24, 2010 10:26am
Quoting ukdaytrader
Spreadbet trading is truly a zero sum game. They are glorified bookies and will always reserve the right to shut you down if you are too profitable. I will set anyone a challenge....:

Find me ONE trader who trades full time for a living using a spreadbetting platform. I've been trading 5 years and have yet to meet anyone who makes money consistently spread betting.
Errmmm... hello..not big but consistent and full time..
All systems of divination, like music itself,work through patterns.
  • #248,300
  • Aug 24, 2010 10:27am Aug 24, 2010 10:27am
Quoting fourxtrader
FL belongs here more than I do. I have been one of his greatest
detractors because of his debased nature. Still I don't find this
element to be in the best spirit of FF. I have received PM's from
ladies in the forum who are offended greatly by his perverse nature,
have been afraid to call him out in this mostly male environment
and thanked me for doing so. On that account alone I could never
[color=blue][i]give...
Hence my comment on his profile after the vouch he got from me.

Good to see you Doc! Trade well and see you soon!
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