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Cable Update (GBPUSD)

  • #275,181
  • Apr 1, 2011 4:08am Apr 1, 2011 4:08am
Quoting ohimae
wonder where people on FF get this crazy pictures from?
I found mine here
Attached Image
  • #275,182
  • Apr 1, 2011 4:12am Apr 1, 2011 4:12am
Quoting chazzle
I found mine here
Now I get.
  • #275,183
  • Apr 1, 2011 4:13am Apr 1, 2011 4:13am
Quoting ndsouz
Modify Order again. SL - 1.5979

Possibilities
If NFP make a spike down to 1.6000 and goes up.
If the NFP breakout downside below 1.6000 and to my stoploss.
If NFP breakout Upside above 1.6080 ... will keep it running till TP hit.

If loss = -60 pip = -24,000USD
If profit = +200 pip = +80,000USD

Decision is final now.. no more modification in Stoploss. Keeping fingers crossed. Goodluck to all!
is it on real account or demo??
  • #275,184
  • Apr 1, 2011 4:15am Apr 1, 2011 4:15am
For me trading before NFP is gambling.... except you have inside information.
  • #275,185
  • Apr 1, 2011 4:22am Apr 1, 2011 4:22am
Quoting ndsouz
Modify Order again. SL - 1.5979

Possibilities
If NFP make a spike down to 1.6000 and goes up.
If the NFP breakout downside below 1.6000 and to my stoploss.
If NFP breakout Upside above 1.6080 ... will keep it running till TP hit.

If loss = -60 pip = -24,000USD
If profit = +200 pip = +80,000USD

Decision is final now.. no more modification in Stoploss. Keeping fingers crossed. Goodluck to all!
i believe 1.6010 is important level for cable to go up, once the level is broken we can c cable heading down....
  • #275,186
  • Apr 1, 2011 4:29am Apr 1, 2011 4:29am
Quoting kill56
hi all

guys i need help at the grave yard
any interesting indicator plz post it @ the grave yard
http://www.forexfactory.com/showthread.php?t=246111
Ok
Attached Image
  • #275,187
  • Apr 1, 2011 4:38am Apr 1, 2011 4:38am
Quoting ndsouz
Decision is final now.. no more modification in Stoploss. Keeping fingers crossed. Goodluck to all!
Inserted Video
  • #275,188
  • Apr 1, 2011 4:39am Apr 1, 2011 4:39am
Quoting chazzle
I found mine here
u2 huh!
  • #275,189
  • Apr 1, 2011 4:43am Apr 1, 2011 4:43am
Quoting hindustani
Ok
  • #275,190
  • Apr 1, 2011 4:43am Apr 1, 2011 4:43am
Quoting bbakker
http://www.youtube.com/watch?v=kn481KcjvMo
Kindly chart out 4 hour usd index a and post it here.
  • #275,191
  • Apr 1, 2011 4:48am Apr 1, 2011 4:48am
Quoting ohimae
For me trading before NFP is gambling.... except you have inside information.
Well, I can say that I'm totally with you, It's uncertainty everywhere now. I think I'll wait until they release the Kraken before I enter another position.
  • #275,192
  • Apr 1, 2011 4:52am Apr 1, 2011 4:52am
Correct me if I go wrong here.

April opened at 1.60316 month open

Support comes in at 1.59350 which was support for last month also.

Considering daily chart and March month candle a test of 1.593500 should happen even if it is just a spike.

1.61120 is current daily resistance and a pretty strong one.

We need one or two weeks to work on the uptrend scenario, just before the MPC rate news due in April which should take us to 1.65760 zone.
  • #275,193
  • Apr 1, 2011 4:56am Apr 1, 2011 4:56am
todays gonna be interesting..looking for cable to blow hrough the floor

ams get ready bud
  • #275,194
  • Apr 1, 2011 4:56am Apr 1, 2011 4:56am
Quoting hindustani
Correct me if I go wrong here.

April opened at 1.60316 month open

Support comes in at 1.59350 which was support for last month also.

Considering daily chart and March month candle a test of 1.593500 should happen even if it is just a spike.

1.61120 is current daily resistance and a pretty strong one.

We need one or two weeks to work on the uptrend scenario, just before the MPC rate news due in April which should take us to 1.65760 zone.
so considering this scenario I will prefer not to hold shorts below 5950, longs if any I can keep them open indefinitely.
  • #275,195
  • Apr 1, 2011 4:56am Apr 1, 2011 4:56am
Am I wrong in saying the following:
NFP will make it peak either up or down... if you put a reasonable SL and TP points so that pips loss = 1/2 * pips won (so SL 1/2 the amount of pips compared to the amount that you place your TP) you will either loose for example 30 pips but win 60. If you do that everytime NFP is announced you will in the long term win? (either up OR down 50% chance, but your expected gains = 2 * expected loss, so in the long term if you have an equal amount of wins as losses you will be UP).

Yes / No?
  • #275,196
  • Apr 1, 2011 5:04am Apr 1, 2011 5:04am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Once in the trade, hope for the best and leave the rest!!
Apart from putting a valid SL nothing can be done, so let's see. I have doubt that BANKS will do exact opposite of what we think should happen. Well, we will have the usual spikes for sure :-)


ta
ams

Quoting nAVIN2007
todays gonna be interesting..looking for cable to blow hrough the floor

ams get ready bud
  • #275,197
  • Apr 1, 2011 5:14am Apr 1, 2011 5:14am
Quoting hindustani
We need one or two weeks to work on the uptrend scenario, just before the MPC rate news due in April which should take us to 1.65760 zone.
People keep saying that MPC will raise rates since Dec 2010 and now we are in April. August is when we will see the rate hike!

For your US Index -
http://www.forexpros.com/quotes/us-d...advanced-chart
  • #275,198
  • Apr 1, 2011 5:16am Apr 1, 2011 5:16am
Quoting Mautje
Am I wrong in saying the following:
NFP will make it peak either up or down... if you put a reasonable SL and TP points so that pips loss = 1/2 * pips won (so SL 1/2 the amount of pips compared to the amount that you place your TP) you will either loose for example 30 pips but win 60. If you do that everytime NFP is announced you will in the long term win? (either up OR down 50% chance, but your expected gains = 2 * expected loss, so in the long term if you have an equal amount of wins as losses you will be UP).

Yes / No?
No. It will always reach your SL but never your TP. Read this - http://www.tradingacademy.com/lesson...ex_article.htm

Don't let me stop you! People prefer to learn the hard way!
  • #275,199
  • Apr 1, 2011 5:18am Apr 1, 2011 5:18am
Ok so if it won't reach my TP.. that's not that bad is it? You could always close with a market order? And then the spread will be bigger so you'd be way off or with this news slip but you'd still be in profit though wouldn't you.. ?
  • #275,200
  • Apr 1, 2011 5:22am Apr 1, 2011 5:22am
Quoting bbakker
No. It will always reach your SL but never your TP. Read this - http://www.tradingacademy.com/lesson...ex_article.htm

Don't let me stop you! People prefer to learn the hard way!
absolutely
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