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- peterM replied Oct 11, 2007
thats sure a tiny stop.. you close the position on the close of the 5 min bar?
Cable Update (GBPUSD)
- peterM replied Oct 11, 2007
coool.. that is very low. i guess you would need to set stops somewhere, otherwise 1 bad trade could out all of your gains. I guess a stop below the trend line might be a good start.
Cable Update (GBPUSD)
- peterM replied Oct 11, 2007
I think I might give it a try on demo for a bit.. it must be good when you want to be in the market, but there are no longer term setups about. What spread does your scalping broker use for eur/usd and gbp/usd?
Cable Update (GBPUSD)
- peterM replied Oct 11, 2007
I think it will break to the upside, unless the carry unwinds again. I really think kings comments on no rate cute any time soon will add to the support
Cable Update (GBPUSD)
- peterM replied Oct 11, 2007
I have tried 5 min charts, but I have never made money with them. I always lose in the end, I have done quite well with weekly charts though. How are you doing with 5 min?
Cable Update (GBPUSD)
- peterM replied Oct 11, 2007
Hows it going? The broker i use the spreads are too high for scalping.. but they pay good swap rates so its good for medium term positions
Cable Update (GBPUSD)
- peterM replied Oct 11, 2007
can i ask.. what time frames do you guys trade.. I only trade daily and weekly. This is my weekly chart for cable.
Cable Update (GBPUSD)
- peterM replied Oct 11, 2007
short term bond prices change on future rate speculation, don't they?
Bonds and how they influence Forex.
- peterM replied Oct 11, 2007
I think you are asking too much. Soooooo many people here seek what are seeking.
Am I asking for too much?
- peterM replied Oct 11, 2007
morning guys.. not much movement on cable yet today
Cable Update (GBPUSD)
- peterM replied Oct 11, 2007
Yeah, you cant trade spot oil without physically buying barrels of oil which for most people is not practical. I'm pretty sure the NF oil contract are the actual futures contracts.
North Finance allows trading wheat???
- peterM replied Oct 10, 2007
coool.. London a VERY expensive place to live.. no doubt u know that.. 200 miles up the M1
Cable Update (GBPUSD)
- peterM replied Oct 10, 2007
I see the trend line you mean.. I think it will hold and move up further. Out of interest, what did you use as a sell signal?
Cable Update (GBPUSD)
- peterM replied Oct 10, 2007
nice if you bought before the boom.. tough for people trying to get on the ladder.. I wanted to see if the housing market makes a big correction. It might just stay at a where it is for many years, till wages do some catching up. Repossessions keep ...
Cable Update (GBPUSD)
- peterM replied Oct 10, 2007
lol.... RICS... signs of the british housing market beginning to slow on the back of the last few hikes.. its got to stop some time, houses are too expensive here !
Cable Update (GBPUSD)
- peterM replied Oct 10, 2007
No, I have never used it. Theres a bit of a conflict of interest for most brokers. They sometimes profit from your losses, so they arn't going to tell you howto win.
Broker Tools..Do you use them?
- peterM replied Oct 10, 2007
You should run a signals service, your fatigue could be our signals

Cable Update (GBPUSD)
- peterM replied Oct 10, 2007
Anyone think mervyn's comments on him wanting to cut rates any time soon may add strength to support over the coming days, even weeks?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Oct 10, 2007
you mean the charted surveyor report? that one can move the market quite a bit if it deviates a lot
Auslanco - GBP/JPY and GBP/USD (newstrade)