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Cable Update (GBPUSD)

  • #270,781
  • Feb 2, 2011 12:10am Feb 2, 2011 12:10am
Quoting chazzle
Try calling them...
I had one of my brokers go for a nap during one trading evening...

Try and get through to the clearing desk...be you and every other trader with the same dealer...

8 hours before I was back online....

Closed out my account, and moved on...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #270,782
  • Feb 2, 2011 12:15am Feb 2, 2011 12:15am
Quoting Magix
I had one of my brokers go for a nap during one trading evening...
Hi Mag... hope all's good well, brokers eh? great guys...
  • #270,783
  • Feb 2, 2011 12:17am Feb 2, 2011 12:17am
Quoting chazzle
Hi Mag... hope all's good well, brokers eh? great guys...
Yeah...was down only a few bucks, but was one of the stellar evenings, up all friggen night waiting to take a trade and never got back online until almost close of London...Friday....

Pshhhhhhhhhh

Doing good...always chipping away...

Hope your still crushing em!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #270,784
  • Feb 2, 2011 12:19am Feb 2, 2011 12:19am
took a long at 1.6181, sl now at b/e with half the pips banked for +$
  • #270,785
  • Feb 2, 2011 12:21am Feb 2, 2011 12:21am
Quoting soul786
took a long at 1.6181, sl now at b/e with half the pips banked for +$
never buy into resistance...

we need a close aboce 6190/6200 to get 6300 in play.
Hero calls followed by margin calls...
  • #270,786
  • Feb 2, 2011 12:25am Feb 2, 2011 12:25am
Quoting PhAnTi'
never buy into resistance...

we need a close aboce 6190/6200 to get 6300 in play.
you're right but I trade the momentum off the break to catch quick pips, then let some run for extra profit. I'm a scalper at heart
  • #270,787
  • Feb 2, 2011 12:26am Feb 2, 2011 12:26am
Quoting soul786
you're right but I trade the momentum off the break to catch quick pips, then let some run for extra profit. I'm a scalper at heart
alright

anyway i will buy above 6200.
Hero calls followed by margin calls...
  • #270,788
  • Feb 2, 2011 12:30am Feb 2, 2011 12:30am
closed the other half of my position at 1.6192 when it stalled. Maybe a retest and long again if 6180 holds but my target pips for today are done =)

at least g/u's been moving, e/u's been boring me this morning
  • #270,789
  • Feb 2, 2011 12:30am Feb 2, 2011 12:30am
Lunar Revolution, New Moon
03-feb-2011 02:30 GMT to 10-feb-2011.

This chart is not very good because this New Moon conjoint to Mars promises a period of violence. But I think the violence will be low intensity,especially when the Moon exceeded to Mars (Egypt, Tunisia, Yemen, etcetera).

Maybe this chart is bullish for the dollar so:

GBPUSD SELL
GBPJPY SELL
Stop loss 40 pip
First take profit 60-80 pip
Trailing stop 40 pip

The use of stop loss is very important.
It is the good risk management that guarantee success in trading.

http://www.forexfactory.com/showthre...=1#post4363997
.
http://img821.imageshack.us/img821/1...r03feb2011.jpg
.
http://img156.imageshack.us/img156/8...eb20110230.jpg
.
http://img545.imageshack.us/img545/7...eb20110230.jpg
  • #270,790
  • Feb 2, 2011 12:31am Feb 2, 2011 12:31am
Quoting PhAnTi'
never buy into resistance...

we need a close aboce 6190/6200 to get 6300 in play.

Good Morning,

I have being studying the FX market for a little over a year now and I have used S+R zones before for my trading, But one thing that I dont get is how do you define reistance has become support or support has become resitance which close do you use to define a S+R level. Does it have to be on the 1hr/4hr/Daily TF?

I'm only rookie here looking to learn

Regards
TG
  • #270,791
  • Feb 2, 2011 1:18am Feb 2, 2011 1:18am
Quoting Suryananda
Lunar Revolution, New Moon
03-feb-2011 02:30 GMT to 10-feb-2011.

This chart is not very good because this New Moon conjoint to Mars promises a period of violence. But I think the violence will be low intensity,especially when the Moon exceeded to Mars (Egypt, Tunisia, Yemen, etcetera).

Maybe this chart is bullish for the dollar so:

GBPUSD SELL
GBPJPY SELL
Stop loss 40 pip
First take profit 60-80 pip
Trailing stop 40 pip

The use of stop loss is very important.
It is the good risk management that guarantee success in trading.

http://www.forexfactory.com/showthre...=1#post4363997
.
http://img821.imageshack.us/img821/1...r03feb2011.jpg
.
http://img156.imageshack.us/img156/8...eb20110230.jpg
.
http://img545.imageshack.us/img545/7...eb20110230.jpg...

are you serious?
Hero calls followed by margin calls...
  • #270,792
  • Feb 2, 2011 1:18am Feb 2, 2011 1:18am
Quoting Exsilium
Cant even get on their website to get Live Support, let alone a phone number.
There phone lines are down as well?

Don not know where their main office is located but there is no excuse for that...unless the ice storm knocked everything out. But still traders should always have access to a number to call no matter what the circumstances.
  • #270,793
  • Feb 2, 2011 1:40am Feb 2, 2011 1:40am
Glad I held off on my Short.
  • #270,794
  • Feb 2, 2011 1:47am Feb 2, 2011 1:47am
Quoting Suryananda
Lunar Revolution, New Moon
03-feb-2011 02:30 GMT to 10-feb-2011.

This chart is not very good because this New Moon conjoint to Mars promises a period of violence. But I think the violence will be low intensity,especially when the Moon exceeded to Mars (Egypt, Tunisia, Yemen, etcetera).

Maybe this chart is bullish for the dollar so:

GBPUSD SELL
GBPJPY SELL
Stop loss 40 pip
First take profit 60-80 pip
Trailing stop 40 pip

The use of stop loss is very important.
It is the good risk management that guarantee success in trading.

http://www.forexfactory.com/showthre...=1#post4363997
.
http://img821.imageshack.us/img821/1...r03feb2011.jpg
.
http://img156.imageshack.us/img156/8...eb20110230.jpg
.
http://img545.imageshack.us/img545/7...eb20110230.jpg...
hallo there...do you believe in UFO??? how about Crop Circle?? there are so many crop circle in my country right now, maybe you could help us to identify whether our currency will get stronger or not..,
I will be the number one Manager.
  • #270,795
  • Feb 2, 2011 1:48am Feb 2, 2011 1:48am
Quoting javapips
hallo there...do you believe in UFO??? how about Crop Circle?? there are so many crop circle in my country right now, maybe you could help us to identify whether our currency will get stronger or not..,
Hero calls followed by margin calls...
  • #270,796
  • Feb 2, 2011 1:55am Feb 2, 2011 1:55am
Quoting FXFundi
Cable has hit the weekly downward trend line. On the weekly the right hand shoulder formation is still in play, until the previous high of 1.6297 is taken out. Based on this I'm short. - Current SL is 1.6325 - Target is the 0.50 Fib at 1.5760. Might take a few days to get there but patience is the name of the game!
hope ur stop loss is tight bcos it looks like breaking that upper part of the down sloping weekly trendline.at least if it does, it will come for a retest b4 moving off to the next key level and we can hop on for some profitable longs then... 9the linear weighted stochs on that chart dont give me the impression they wanna turn abruptly.
  • #270,797
  • Feb 2, 2011 1:59am Feb 2, 2011 1:59am
Quoting Exsilium
FXOpen ECN server is OFFLINE!!!

FXOpen Website is OFFLINE!!!

Im screwed if this goes up and I cant close trades if my margin is at risk.
do you trade without stops and big lots? it doesnt pay. these brokers that we have to live with dont exactly love us and know when a lot of heavy lot trades are running without tight stops. there is no telling how their systems can be rigged to trap ppl. just a thot. please always put stops, be them wide stops for just in case of this kinda scenario.

regards
  • #270,798
  • Feb 2, 2011 2:00am Feb 2, 2011 2:00am
Quoting PhAnTi'
look, my tooth are more bright than yours...
I will be the number one Manager.
  • #270,799
  • Feb 2, 2011 2:09am Feb 2, 2011 2:09am
Quoting javapips
hallo there...do you believe in UFO??? how about Crop Circle?? there are so many crop circle in my country right now, maybe you could help us to identify whether our currency will get stronger or not..,
i made a research bro... magelang, bantul , etc is not UF0. but i believe 101 % that is a UPO. unidentified painting object... agree dude ?
not euphoria follower
  • #270,800
  • Feb 2, 2011 2:09am Feb 2, 2011 2:09am
Quoting javapips
hallo there...do you believe in UFO???
Of course!

IMO the odds dictate that there is intelligent life forms out there let alone UFO's.

I was just thinking of this old song when I read your post.

Inserted Video


This half of the week has been weird. Done well playing the gaps on Sundat and it has all gone to Hell since the. Thankfully i have been eating into my losses I have been incurring since early evening Monday (EST)
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