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Cable Update (GBPUSD)

  • #273,321
  • Mar 1, 2011 11:27pm Mar 1, 2011 11:27pm
Quoting fourxtrader
Just curious...

(aside from the 'drawdown' of kw hours of electricity drain
on the computer with a platform continually running - lol)...

what would one face in broker interest charges or swap rate
costs against their account if they were to hold an even GU
'short' position (or 4 'short' positions) continually in a ranging
[i][color=blue]market for 4 weeks...
One would be going in the hole at .62 pips a day to leave a short open.

One standard sized lot would cost $174.00 in the swap, to leave open for 28 days.

One mini lot would of course be $17.40.
No way I'll wreck this... It's a beer truck!
  • #273,322
  • Mar 1, 2011 11:48pm Mar 1, 2011 11:48pm
Quoting bbakker
My longest trade so far has been 8 weeks, but that netted me 800 pips. If the pair is in a range (consolidation), it would be wiser to either trade the range or avoid the pair while it is in its consolidation stage. There are plenty of other currency pairs out there to trade that won't be in a range.

Saying that, wouldn't it be wonderful if all currency pairs were trading in a nice 100 pip range... Short it at the top and long it at the bottom of the range. Trading couldn't get any simpler than that... if only!
Here is the CADCHF daily chart which has been in a 500-600 pip range!

Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF_Daily.png Size: 59 KB


Sell at the top of the range and buy at the bottom of the range... simples! Well... you need to identify the range 1st
  • #273,323
  • Mar 2, 2011 1:18am Mar 2, 2011 1:18am
and while waitin construction PMI i bought oil 99.40-100.30

great 1m chart
90% of traders use TA, indicators and prediction
  • #273,324
  • Mar 2, 2011 2:14am Mar 2, 2011 2:14am
today forum is silent!

i bought gbp
now stop loss 6247 but im thinkin to close here n re enter if confirmed the 6250 again
90% of traders use TA, indicators and prediction
  • #273,325
  • Mar 2, 2011 2:24am Mar 2, 2011 2:24am
http://i648.photobucket.com/albums/u.../chart2-28.gif
  • #273,326
  • Mar 2, 2011 2:48am Mar 2, 2011 2:48am
Bought GU at breakout but trailing top was too close . Lets see if I can get another openning.
  • #273,327
  • Mar 2, 2011 2:52am Mar 2, 2011 2:52am
Quoting nAVIN2007
http://i648.photobucket.com/albums/u.../chart2-28.gif
nav, cable is not bearish.
buy the dips bro, it'll print higher
Thank You
  • #273,328
  • Mar 2, 2011 3:10am Mar 2, 2011 3:10am
Quoting redbeben
and a ..aaa...doji on H4 (if that's how it is called that cross candle) and the RSI and the stochs and the 1.63 level and because I said in the morning about the retrace to 1.62
my word is the most powerfull indie as I am the most important man in the universe(my dad used to tell me this when I was a kid....but he never knew t explain me what is the universe)

actually I expect the pound to drop even further away....some 200 pips more or 300
depends on the news

eur usd is about to fall to 1.35 and the gbp jpy to 1.3250 at least

and...
EU USD fell some 100 pips yesterday
GJ 20 pips away from my TP
I still wait for the GU to go down

Up can be achieved to at least 1.633
  • #273,329
  • Edited 3:15am Mar 2, 2011 3:14am | Edited 3:15am
Well, closed 6314. Another good day for GBP!
Now i only wait if it breakes above n print new weekly high.

It can reverse now here at 85% retrace 6327-6215 and go sit down near 6250 again which is 38%

My eyes closed on 1M chart
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm30.jpg Size: 187 KB
90% of traders use TA, indicators and prediction
  • #273,330
  • Mar 2, 2011 3:17am Mar 2, 2011 3:17am
Quoting _BBKing_
Well, closed 6314. Another good day for GBP!
Now i only wait if it breakes above n print new weekly high.

It can reverse now here at 85% retrace 6327-6215 and go sit down near 6250 again which is 38%

My eyes closed on 1M chart
as the plan actually I wait today break 6348 to 6415 atleast before next free fall
  • #273,331
  • Mar 2, 2011 3:20am Mar 2, 2011 3:20am
Rules, when fundamental strikes,

i,

1)calculate pips that offers.
it is some bizarre scenario here, usually when it shoot to 50or
something pips,60 or something pips during AsiaPacific TF, itjust love to retrace and
offer 10pips excluding spread. if u r really precise on that 10pips from
bottom/top is not too difficult. usually capturetime lesser than 20mins.
Never overdrag. u can somehow. repeat the Buy sell scalping at lease
2times depending on your CONFIDENCY.

2)if next resistance line is >25pips, u may drag longer. Always remember RETRACEMENT is UNORDINALLY technique. without knowing next incoming Schedule news, TIMEZONE,
pls DO NOT TRY IT AT HOME.

3)Always expect Breakout, when next resistance line is too close, within 90mins.

Above scenario is based on ASIA TF only, i rarely Open Position after US OPEN. losing $ during that TF.
  • #273,332
  • Mar 2, 2011 3:21am Mar 2, 2011 3:21am
Quoting wormboy
nav, cable is not bearish.
buy the dips bro, it'll print higher
Hi wormie...
could we see 1.6415 forming today before next free fall ?!
  • #273,333
  • Mar 2, 2011 3:26am Mar 2, 2011 3:26am
Quoting deryworlds
Hi wormie...
could we see 1.6415 forming today before next free fall ?!
I hope so dery, I've been buying dips only.
I don't see anything that suggest a free fall is coming. If there is gonna be one, I doubt it's gonna be before the nfp anyway
Thank You
  • #273,334
  • Mar 2, 2011 3:34am Mar 2, 2011 3:34am
Quoting WengOn
Another DISASTER STROKE NewZealand

200pips EUR/NZD
~80pips USD/NZD
Do anyone have experience opening position during occurence of natural disaster. can we SHARE?
  • #273,335
  • Mar 2, 2011 3:39am Mar 2, 2011 3:39am
Quoting WengOn
Rules, when fundamental strikes,

i,

1)calculate pips that offers.
it is some bizarre scenario here, usually when it shoot to 50or
something pips,60 or something pips during AsiaPacific TF, itjust love to retrace and
offer 10pips excluding spread. if u r really precise on that 10pips from
bottom/top is not too difficult. usually capturetime lesser than 20mins.
Never overdrag. u can somehow. repeat the Buy sell scalping at lease
2times depending on your CONFIDENCY.

2)if next resistance line is >25pips, u may drag longer. Always remember...

i agree one thing: durin NY session a lot of stops are triggered! yesterday also my short @6320 scaring me to get again the position. Next year maybe i will be in Melbourne so i will trade on asia session

the idea you are speakin about i dont understand very well..... have you got a picture to show better what you mean, please?
90% of traders use TA, indicators and prediction
  • #273,336
  • Mar 2, 2011 3:55am Mar 2, 2011 3:55am
Quoting deryworlds
as the plan actually I wait today break 6348 to 6415 atleast before next free fall
why 6348 n not 6330?
90% of traders use TA, indicators and prediction
  • #273,337
  • Edited 4:28am Mar 2, 2011 3:56am | Edited 4:28am
I'd be looking 16280 for a long scalp (support/ema20 m15/DP)
  • #273,338
  • Mar 2, 2011 4:08am Mar 2, 2011 4:08am
picked short 6314 target 6275.... but i really dont like it
90% of traders use TA, indicators and prediction
  • #273,339
  • Mar 2, 2011 4:13am Mar 2, 2011 4:13am
If you dont like it dont do it. ::--))
I am usually Wrong
  • #273,340
  • Mar 2, 2011 4:19am Mar 2, 2011 4:19am
Quoting craptrader
If you dont like it dont do it. ::--))
so i would not trade at all
90% of traders use TA, indicators and prediction
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