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Cable Update (GBPUSD)

  • #388,121
  • Jul 20, 2014 3:19pm Jul 20, 2014 3:19pm
Quoting Toranaga
{quote} Why ? Because of open long trades and wishful thinking ? Or is there a chat that can untermauern this ?
Yeah all of us have told Institutional traders not to drop further, b'cos we have taken long trades.
Intraday only.
  • #388,122
  • Jul 20, 2014 3:22pm Jul 20, 2014 3:22pm
Technically, it has dropped up to daily pivot. It should now go up further to test 1.7100 minimum.
Intraday only.
  • #388,123
  • Jul 20, 2014 3:37pm Jul 20, 2014 3:37pm
Quoting navk
{quote} Yeah all of us have told Institutional traders not to drop further, b'cos we have taken long trades.
i have a open short trade for more than two weeks..
How to opt out annoying user signatures ??
  • #388,124
  • Jul 20, 2014 3:42pm Jul 20, 2014 3:42pm
Quoting Toranaga
{quote} i have a open short trade for more than two weeks..
shorted at 107.2x?
  • #388,125
  • Jul 20, 2014 3:46pm Jul 20, 2014 3:46pm
Quoting kweiss10
{quote} shorted at 107.2x?

??
How to opt out annoying user signatures ??
  • #388,126
  • Jul 20, 2014 3:47pm Jul 20, 2014 3:47pm
Quoting Toranaga
{quote} i have a open short trade for more than two weeks..
The uppish move should find resistance around 1.7100 / 7120
Intraday only.
  • #388,127
  • Jul 20, 2014 3:59pm Jul 20, 2014 3:59pm
- Interesting Area.
Attached Image (click to enlarge)
Click to Enlarge Name: SS Screen Capture #253.png Size: 28 KB
  • #388,128
  • Jul 20, 2014 4:04pm Jul 20, 2014 4:04pm
Quoting navk
{quote} The uppish move should find resistance around 1.7100 / 7120
For me, 7143 has to be touched at least, for any downmove to continue. If we went down from here, at least I would have a target for my longs from lower. If we touch it, I may try shorts from above.

For me a better trade right now would be if euro broke 3540, so I could short it down to 3515 and then long it again.
Everyone can see the chart, but only a few can actually read it.
  • #388,129
  • Jul 20, 2014 4:10pm Jul 20, 2014 4:10pm
Quoting OnlineAddict
{quote} For me, 7143 has to be touched at least, for any downmove to continue. If we went down from here, at least I would have a target for my longs from lower. If we touch it, I may try shorts from above. For me a better trade right now would be if euro broke 3540, so I could short it down to 3515 and then long it again.
NY / London might bring it down.
Intraday only.
  • #388,130
  • Jul 20, 2014 4:12pm Jul 20, 2014 4:12pm
Quoting navk
{quote} NY / London might bring it down.
I hope, because I don't see any good setup in this session...unless a spike happens in the next 2 hours.
Everyone can see the chart, but only a few can actually read it.
  • #388,131
  • Jul 20, 2014 4:15pm Jul 20, 2014 4:15pm
Quoting OnlineAddict
{quote} I hope, because I don't see any good setup in this session...unless a spike happens in the next 2 hours.
I booked my profit in long position. Just 4 pips.
Intraday only.
  • #388,132
  • Jul 20, 2014 4:16pm Jul 20, 2014 4:16pm
Quoting navk
{quote} I booked my profit in long position. Just 4 pips.
Anyway, started the week with green pips.
Intraday only.
  • #388,133
  • Jul 20, 2014 4:20pm Jul 20, 2014 4:20pm
Quoting navk
{quote} Anyway, started the week with green pips.
Yeah, always better to get out in green, if volatility is dead.
Everyone can see the chart, but only a few can actually read it.
  • #388,134
  • Jul 20, 2014 4:24pm Jul 20, 2014 4:24pm
Tokyo is closed today. Volatility wont be good enough.

Will have to wait until FF opens.
Intraday only.
  • #388,135
  • Jul 20, 2014 5:40pm Jul 20, 2014 5:40pm
I booked GJ +6 pips
Intraday only.
  • #388,136
  • Jul 20, 2014 6:35pm Jul 20, 2014 6:35pm
Quoting OnlineAddict
{quote} Oanda doesn't go by the market, they just enter their own numbers. lol Last week they had a spike 15-20 pips bigger than other brokers, I can't believe what they do is legal in the US. The owners would be behind bars, if it was in Europe.

I inquired Oanda about their terms and conditions. Yet again as usual a singaporean customer sales called me to propose the advantages of opening an account with them, not mentioning the disadvantages. So I asked for only 3 things; margin call, allowable leverage ratio, and promos(like referral program, rebate, and etc). It was just funny that the girl kept on mentioning "But we have the lowest spread" every after each answers. Anyway, they will offer you (for a retail account), 1.) 50% margin call 2.) 1:50 leverage ratio 3.) no promos ("But we have the lowest spread") So using high leverage in a low margin call account will whipe you out just like that blackmarket whipsaw of 15-20 pips you were saying. That's what they do, and that's how they earn..
  • #388,137
  • Jul 20, 2014 7:00pm Jul 20, 2014 7:00pm
Quoting ill_be_back
{quote} Sorry got busy, Oanda {image}
I've noticed a few traders show Oanda charts with butt ugly spikes not shown on other brokers.
Never used them myself. Why do you use Oanda for all your pricing references.
Come with me if you want to live....
  • #388,138
  • Jul 20, 2014 7:01pm Jul 20, 2014 7:01pm
Quoting Toranaga
{quote} Hope has no place in Forex trading
Well lets hope I am a good analyzer then instead of hope lol
  • #388,139
  • Jul 20, 2014 7:20pm Jul 20, 2014 7:20pm
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
Quoting Ill-b-back
{quote} I've noticed a few traders show Oanda charts with butt ugly spikes not shown on other brokers. Never used them myself. Why do you use Oanda for all your pricing references.

If i were to use Oanda.. (or any broker for that matter), i would have my screen open to a couple of more quotes from other sources..so that at least i would have known if the spike from my broker is a fluke..more of an exception rather than the norm ..then i wouldnt be bother much about the extreme movement. Of course if you happen to have a stop where the spike takes you out..then its unfortunate. Perhaps an appeal may work?..if you can prove that other sources do not record a spike... Just wondering if anyone have been successful in such appeal with their broker.
Hindsight is useless if you never learn anything out from it
  • #388,140
  • Jul 20, 2014 7:27pm Jul 20, 2014 7:27pm
Quoting EDG
{quote} If i were to use Oanda.. (or any broker for that matter), i would have my screen open to a couple of more quotes from other sources..so that at least i would have known if the spike from my broker is a fluke..more of an exception rather than the norm ..then i wouldnt be bother much about the extreme movement. Of course if you happen to have a stop where the spike takes you out..then its unfortunate. Perhaps an appeal may work?..if you can prove that other sources do not record a spike... Just wondering if anyone have been successful in such...
Yes, I did it with my broker years ago '08 I think.
Got a 50 pip spike down on G/CHF that took out my stop before reversing back with the trend.
Spike was not on any other platforms.
Refunded my money lost but no the profit I would have made.
Come with me if you want to live....
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