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gammase1 replied Jan 9, 2009personally, i'd close beforehand, irrespective of target being hit or not, as whipsaw action in the immediate aftermath of NFP could wipe trade out in seconds - price could well gap past your stop, before quickly travelling south. in my opinion, ...
Cable Update (GBPUSD)
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gammase1 replied Jan 9, 2009you've got some breathing space on it. personally, wouldn't take a position in this sort of market, prior to a massive data release gl
Cable Update (GBPUSD)
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gammase1 replied Jan 9, 2009will you close it prior to data release, or hold if your target isn't hit?
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gammase1 replied Jan 9, 2009Should've done the same myself. Nothing much til NFP...
Cable Update (GBPUSD)
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gammase1 replied Jan 9, 2009I think we'll see up to a 50% peak-to-trough fall in both commercial and residential property prices here in the UK. However, this will definitely throw up some amazing opportunities to those ready with cash and strong stomach, with potential yields ...
Cable Update (GBPUSD)
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gammase1 replied Jan 9, 2009Yep, much like IG, Cantor apply similar spreads on trades held overnight. Think they're great for intra-day traders in the UK though, those who are happy to just trade EURUSD, EURGBP or GBPUSD. For my charting, I use VT Trader, which I get from a ...
Cable Update (GBPUSD)
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gammase1 replied Jan 9, 2009Glad that worked in your favour! What spreads do they apply? What's their charting package like (does it allow one to easily spot a horny beast formation?) and range of currency pairs? I'm with Cantor Index, who have crap charts and limited ...
Cable Update (GBPUSD)
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gammase1 replied Jan 8, 2009Check it out on a 1h chart and see the significance. Also, check out EO's blog, which he generously details the various MAs he uses on different timeframes. It is also worth your while looking back on Infinity's posts...
Cable Update (GBPUSD)
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gammase1 replied Jan 8, 2009That would be a dream entry for long, great r/r ratio. Am flat at moment, after exiting shorts, which were entered at blended rate of 1.5330, closed at 1.5241
Cable Update (GBPUSD)
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gammase1 replied Jan 8, 2009Anyone can come on here over a period of months and call "buy now", as eventually they have to be correct. You have been posting to go long for months. Everyone makes good call and bad ones(me more than many), that is part of the game, of course. ...
Cable Update (GBPUSD)
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gammase1 replied Jan 8, 2009Been watching it, too. I pray for some common sense to prevail.
Cable Update (GBPUSD)
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gammase1 replied Jan 8, 2009But you've been calling for long positions on Cable since the massive fall at the end of the summer. You have to be right, eventually!
Cable Update (GBPUSD)
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gammase1 replied Jan 8, 2009Not today, the initial move has been fairly textbook - rate cut less than expected, so currency appreciates
Cable Update (GBPUSD)
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gammase1 replied Jan 8, 2009Keep it in perspective. The move so far is not extreme compared with the huge intra-day moves we are seeing on a regular basis.
Cable Update (GBPUSD)
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gammase1 replied Jan 8, 2009Certainly hope it goes close, as this will be the my first short entry..
Cable Update (GBPUSD)
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gammase1 replied Jan 8, 2009Broad expectations were for 50bps, with outside chance of 100bps. This is why we're seeing this initial rally in sterling, a kind of relief with respect to the limited impact on the currency's yield.
Cable Update (GBPUSD)
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gammase1 replied Jan 8, 2009Initially, I think there would be an explosive, reactive move to the upside, then, once the dust has settled, the price may come down, to perhaps even a lower level, as market participants punish the MPC for delaying the inevitable. Of course, I am ...
Cable Update (GBPUSD)
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gammase1 replied Jan 8, 2009Watch out for an explosive move to the upside if that happens.
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gammase1 replied Jan 8, 2009I'm afraid not. There were hundreds of complaints that he overused "
" Be careful bro! I'd hate to see you go the same way...Cable Update (GBPUSD)