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Cable Update (GBPUSD)

  • #255,941
  • Sep 24, 2010 1:36pm Sep 24, 2010 1:36pm
Quoting Sunsi
Guess I didn`t quite get what he said then.
If you have time to explain it would be great!
Freaky Friday was last week on the 17th...
Today's zone = Tomorrow's opportunity!
  • #255,942
  • Sep 24, 2010 1:36pm Sep 24, 2010 1:36pm
Quoting pawpaw1000
Have no Idea how my s/l got hit at 58433 but it did. As far as I can see price only reached 5842???

Pisses me off!
You must have FXCM. They are notorious stop hunters.lol
  • #255,943
  • Sep 24, 2010 1:36pm Sep 24, 2010 1:36pm
Quoting Sunsi
Guess I didn`t quite get what he said then.
If you have time to explain it would be great!

I did earlier, he is out by a week, TW was last week, can we at least learn how to use a calendar, that may be a start.

Muppets out at force again. (not you sunsi)

Look here
  • #255,944
  • Sep 24, 2010 1:39pm Sep 24, 2010 1:39pm
Quoting cloggie
No.
don't you know my friend, that the best time to enter the opposite side of the trend is when most market in the world has already closed, say, like now.. when market is critically low on volume.
  • #255,945
  • Sep 24, 2010 1:40pm Sep 24, 2010 1:40pm
Quoting PipChick
You must have FXCM. They are notorious stop hunters.lol

No disrespect there, but brokers like FXCM keep a couple of hundred million dollars of customers money and you think they are going to stop hunt a 40 dollar micro account?

I have been with them with large accounts and have never seen it, ever. Now if there is an error in their datafeed just give them a call and they will rectify it.
  • #255,946
  • Sep 24, 2010 1:41pm Sep 24, 2010 1:41pm
Quoting cloggie
No disrespect there, but brokers like FXCM keep a couple of hundred million dollars of customers money and you think they are going to stop hunt a 40 dollar micro account?

I have been with them with large accounts and have never seen it, ever. Now if there is an error in their datafeed just give them a call and they will rectify it.
You have never played the stop hunt game?lol
  • #255,947
  • Sep 24, 2010 1:41pm Sep 24, 2010 1:41pm
Quoting A-speculator
don't you know my friend, that the best time to enter the opposite side of the trend is when most market in the world has already closed, say, like now.. when market is critically low on volume.

And you have both back tested and forward tested that over a minimum of 10 years and can back that up with statistics?

Just another old wives tale.
  • #255,948
  • Sep 24, 2010 1:42pm Sep 24, 2010 1:42pm
Quoting cloggie
And you have both back tested and forward tested that over a minimum of 10 years and can back that up with statistics?

Just another old wives tale.
i just joking mate.. there's nothing to do at this hour..
  • #255,949
  • Sep 24, 2010 1:43pm Sep 24, 2010 1:43pm
Quoting A-speculator
i just joking mate.. there's nothing to do at this hour..

+1
  • #255,950
  • Sep 24, 2010 1:46pm Sep 24, 2010 1:46pm
Quoting PipChick
You have never played the stop hunt game?lol
It's the only reason why 98% of retail traders lose, or "loose" as it's more commonly known on Forex Factory.
  • #255,951
  • Sep 24, 2010 1:48pm Sep 24, 2010 1:48pm
Quoting gammase1
It's the only reason why 98% of retail traders lose, or "loose" as it's more commonly known on Forex Factory.
I watched it happen to PawPaw a few times last week. Was going to say something then but didnt want it to turn out to be a debate..lol
  • #255,952
  • Sep 24, 2010 1:49pm Sep 24, 2010 1:49pm
Quoting cloggie
+1
perhaps this is perfect the time to look into the 1m chart..

*this is just a joke, newcomers please just ignore this.
  • #255,953
  • Sep 24, 2010 1:55pm Sep 24, 2010 1:55pm
slightly off topic,

I think there is a potential setup for uj long, I think we might get an inverted hammer on daily and 4h shown reversal sign. For those who are interested to trade this pair, maybe can find an entry pos next week. IMHO.
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  • #255,954
  • Sep 24, 2010 2:00pm Sep 24, 2010 2:00pm
Quoting A-speculator
slightly off topic,

I think there is a potential setup for uj long, I think we might get an inverted hammer on daily and 4h shown reversal sign. For those who are interested to trade this pair, maybe can find an entry pos next week. IMHO.
If the BOJ does intervene again at some point the EUR, GBP and USD all with climb higher against the JPY... what happens to the others like EURGBP, EURUSD and GBPUSD? How will they react?

Can anyone offer anything on this?
Today's zone = Tomorrow's opportunity!
  • #255,955
  • Sep 24, 2010 2:00pm Sep 24, 2010 2:00pm
Cloggs, reckon I should contact FXCM just to find out?
@pawpaw1000 on Twitter
  • #255,956
  • Sep 24, 2010 2:06pm Sep 24, 2010 2:06pm
Quoting pres78
If the BOJ does intervene again at some point the EUR, GBP and USD all with climb higher against the JPY... what happens to the others like EURGBP, EURUSD and GBPUSD? How will they react?

Can anyone offer anything on this?
BOJ intervention or any bad news of JPY effect only Yen crosses not Gu,EU or AU usually when Uj goes up GU and EU goes down coz dollar is getting stronger in Interventions..

Ub
  • #255,957
  • Sep 24, 2010 2:07pm Sep 24, 2010 2:07pm
Quoting ubaidahsan
BOJ intervention or any bad news of JPY effect only Yen crosses not Gu,EU or AU usually when Uj goes up GU and EU goes down coz dollar is getting stronger in Interventions..

Ub
OK thanks
Today's zone = Tomorrow's opportunity!
  • #255,958
  • Sep 24, 2010 2:12pm Sep 24, 2010 2:12pm
Thank you for all the words of wisdom on this thread. I just joined the site and looking to learn as much as possible.

I have a long position here and hoping to see the brake out!

Good luck to all!
  • #255,959
  • Sep 24, 2010 2:16pm Sep 24, 2010 2:16pm
Quoting pres78
If the BOJ does intervene again at some point the EUR, GBP and USD all with climb higher against the JPY... what happens to the others like EURGBP, EURUSD and GBPUSD? How will they react?

Can anyone offer anything on this?
Here is my take on EURGBP. Just follow the CS pattern mate..
  • #255,960
  • Sep 24, 2010 2:18pm Sep 24, 2010 2:18pm
Quoting A-speculator
Here is my take on EURGBP. Just follow the CS pattern mate..
Will check out that thread this weekend after a few beer...

Have a great weekend.
Today's zone = Tomorrow's opportunity!
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