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Cable Update (GBPUSD)

  • #358,081
  • Jan 10, 2014 8:32am Jan 10, 2014 8:32am
Quoting elbert3
{quote} If you go back on my posts i quoted the same figure, it was 1st week in dec but forgot how i came about it , i will try to find it and jog my mind
i think it was a fib ext off one of the moves , how do you get that number?
  • #358,082
  • Jan 10, 2014 8:39am Jan 10, 2014 8:39am
Quoting TauTrader
{quote} Good one, sir GM But I need some pips lower first. Will you speak to the gods for me? I'll post you a nice girlie for that.. Regards
target 1.6457 now
  • #358,083
  • Jan 10, 2014 8:40am Jan 10, 2014 8:40am
Quoting elbert3
{quote} i think it was a fib ext off one of the moves , how do you get that number?
1.62 area is a strong S/R level on weekly chart
  • #358,084
  • Jan 10, 2014 8:47am Jan 10, 2014 8:47am
Quoting el_duende
{quote} 1.62 area is a strong S/R level on weekly chart
yes your right 1.621 might of been a few pips out at the time seams a long way off now if you put a fib on todays nfp the top stopped right on 61.8 fib couldbe indication to short ????????????????
  • #358,085
  • Jan 10, 2014 8:50am Jan 10, 2014 8:50am
Howzit GU!

DXY 1H

Bouncing off 1 st support, probably break through and a move down to target the GAP / window to last support.

Attached Image (click to enlarge)
Click to Enlarge Name: US Dollar Basket 1H.png Size: 26 KB


So

GU 1H
Trade the break of 1.65 target 1.66 / 1676 in extension
Stop 2% risk own position size etc
Placing limit in market I would position the stop 1.642 area, MT trade

Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H.png Size: 31 KB


Enjoy the weekend guys

G/L
  • #358,086
  • Jan 10, 2014 8:55am Jan 10, 2014 8:55am
It's whacky wednesday..

Just eat as much as you can. For fark steaks
  • #358,087
  • Jan 10, 2014 9:06am Jan 10, 2014 9:06am

Quoting TauTrader
It's whacky wednesday.. Just eat as much as you can. For fark steaks
  • #358,088
  • Jan 10, 2014 9:09am Jan 10, 2014 9:09am
GU 4H note the MA 50 & 200....

Please short mercilessly I need the money...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 19 KB
  • #358,089
  • Jan 10, 2014 9:21am Jan 10, 2014 9:21am
cable h4 ,poss im not trading


Quoting JimmyC
GU 4H note the MA 50 & 200.... Please short mercilessly I need the money... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD h4 Spot.png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,090
  • Jan 10, 2014 9:50am Jan 10, 2014 9:50am
Quoting JimmyC
GU 4H note the MA 50 & 200.... Please short mercilessly I need the money... {image}
Now there's a confident fellow!

I assume you're long?
  • #358,091
  • Jan 10, 2014 9:57am Jan 10, 2014 9:57am
Quoting PipTrapper
{quote} FXCM UK bro. The best I must admit I got slipped a couple of pips after the news, but that is to be expected.

Do they allow scalping PIpTrapper?
  • #358,092
  • Jan 10, 2014 10:01am Jan 10, 2014 10:01am
Quoting Bones
cable h4 ,poss im not trading {quote} {image}
from your chart, i guess the up spike is rejected. before the spike its intention was to go lower.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,093
  • Jan 10, 2014 10:02am Jan 10, 2014 10:02am
Quoting littlecraig
{quote} Do they allow scalping PIpTrapper?
Yes they do, but for scalping I would recommend the "Active Trader" account with very tight spreads and a tiered commision structure based on volume.
http://www.fxcm.co.uk/services/active-trader/
Those who say it cannot be done should not interrupt those who are doing it
  • #358,094
  • Jan 10, 2014 10:21am Jan 10, 2014 10:21am
Quoting PipTrapper
{quote} Yes they do, but for scalping I would recommend the "Active Trader" account with very tight spreads and a tiered commision structure based on volume. http://www.fxcm.co.uk/services/active-trader/

Thanks just been looking,yeah see what you mean but not got 25000 yet lol
  • #358,095
  • Jan 10, 2014 10:23am Jan 10, 2014 10:23am
Quoting littlecraig
{quote} Do they allow scalping PIpTrapper?
hi littlecraig,

scalpers are also welcome at ig. guaranteed stops (!), MT4 (i donīt use it, but they offer it) and spreads are ok. fx, cfds, options, binaries, sprint markets. charting tool ProRealTime, regulated by FCA, in business since 1974, FTSE listed, 2,1 billions market capitalisation. i trade with ig the third year and iīm totally pleased. not only fx, big number of underlyings (also VIX). donīt know the terms and conditiones in UK, US etc, but here in germany iīm shure itīs the best offer and i donīt think terms differ that much.
fortis fortuna adiuvat
  • #358,096
  • Jan 10, 2014 10:25am Jan 10, 2014 10:25am
Quoting lugy
Am I the only one believing nfp tonite will hit the estimate??
saved by tp!!
Thanks God
  • #358,097
  • Jan 10, 2014 10:26am Jan 10, 2014 10:26am
Quoting deltaone
{quote} hi littlecraig, scalpers are also welcome at ig. guaranteed stops (!), MT4 (i donīt use it, but they offer it) and spreads are ok. fx, cfds, options, binaries, sprint markets. charting tool ProRealTime, regulated by FCA, in business since 1974, FTSE listed, 2,1 billions market capitalisation. i trade with ig the third year and iīm totally pleased. not only fx, big number of underlyings (also VIX). donīt know the terms and conditiones in UK, US etc, but here in germany iīm shure itīs the best offer and i donīt think terms differ that much....

Thanks for that I will have a look through them, also been looking at this new broker atom8 they seem alright.
Whats the better option NDD OR DD
  • #358,098
  • Jan 10, 2014 11:10am Jan 10, 2014 11:10am
closed half my positions in profit and added same number of lots short at 6485
In trading, you have to be defensive and aggressive at the same time
  • #358,099
  • Jan 10, 2014 11:17am Jan 10, 2014 11:17am
Quoting littlecraig
{quote} Thanks for that I will have a look through them, also been looking at this new broker atom8 they seem alright. Whats the better option NDD OR DD
NDD is definitely my personal choice, but that's your decision to make.
With a DD acct your broker is betting against you... Never a good idea to be in that position.
Those who say it cannot be done should not interrupt those who are doing it
  • #358,100
  • Jan 10, 2014 11:20am Jan 10, 2014 11:20am
Quoting littlecraig
{quote} Thanks for that I will have a look through them, also been looking at this new broker atom8 they seem alright. Whats the better option NDD OR DD
you are welcome, littlecraig. brokers come and go, be careful.
what is NDD OR DD?
i know iīm disregarded here sometimes because of my poor english and/or my trading style, but perhabs you will answer my question anyway, have a nice weekend
fortis fortuna adiuvat
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