Magix, Long time no see. How you been doing bro? Agreed the support is now the resistance. C.

Cable Update (GBPUSD)

you will get it. Here is another chance..

Cable Update (GBPUSD)

Lets just hope the people trying to get the standard global currency don't succeed or we will all be out of business. i don't see it happening at least hopefully not in my lifetime.

Cable Update (GBPUSD)

Most brokers gave you the choice to transfer out the account to a foreign entity, such as the UK. In my opinion that is better because then you can hold the hedge for an unlimited amount of time.

Cable Update (GBPUSD)

That is done by the choice of the broker and the broker can revoke that choice at any time.

Cable Update (GBPUSD)

NFA rule 2-43 Forex Dealer Members may not carry offsetting positions in a customer account but must offset them on a first-in, first-out basis. At the customer's request, an FDM may offset same-size transactions even if there are older transactions ...

Cable Update (GBPUSD)

Obviously your account is not based in the United States. According to the U.S. you can't make money hedging..lol

Cable Update (GBPUSD)

Dr. D, With all due respect I couldn't tell if you were a pimple nosed puke by your avatar. All I can see is an ass in the air diving into a dumpster lol... But to agree with you on a serious note, I agree.. You have to be confident with your ...

Cable Update (GBPUSD)

Believe it or not so are mine. I am still using charts from an account I blew out 4 years ago. I tihnk I have a whole whopping 4.36 account balance there. My current account I just use to trade with no charts. If my broker actually looked at it they ...

Cable Update (GBPUSD)

Zero, I agree with your analysis even though you didn't have chart posted. If you notice my chart above, the 1.5700 you talk about is the quarterly 100 fib line which posted back in October as you can see by the 2nd three back on the bottomside by ...

Cable Update (GBPUSD)

Manize How have you been bro? I hope the forex was kind to you last month. 1.5830 is the magic spot. That is the low from December before we had this bounce up. I do feel that we should go to test. We passed under the 76.4 support (pink line)for ...

Cable Update (GBPUSD)

Dr. D, I feel that we may get one more test to the downside. If it breaks that, we will go down a long ways. If it does not break, well, back up. The 4H bounced off the 138.2 thus causing the pinbar candle we saw yesterday. I was in for a short when ...

Cable Update (GBPUSD)

Kray, remember everything is interconnected thus correlated. But, remember that just because things are correlated, it is not a perfect correlation. Typically, as the USD gets stronger the stock markets will fall, thus the U/G will fall. If the USD, ...

Cable Update (GBPUSD)

For example lets say you placed 3 trades and lets assume it went against you at first and then with you. Trade one Long @ 1.6200 Trade two Long @ 1.6100 Trade three Long @ 1.6000 At the point of the third trade you made you were -200 pips on trade ...

Cable Update (GBPUSD)

A UK based broker is the way to go in my opinion. I have long switched all my accounts over to the UK. UK allows hedging, which I do not always use but it is a nice option to have if needed. In addition, I believe that many if not all US use the ...

Cable Update (GBPUSD)

Wow, I went to sleep and we finally got the breakout we have been waiting for all week. Finally a sense of direction lol.

The WoRmHoLe

I never really talked to him but I noticed he gave me a vouch so I decided to come in and take a look at his thread. I like his style too. He trades very similar to me it appears.

Trade what you see NOT what you expect

Man WB, your all over the place. lol

Trade what you see NOT what you expect

Exactly.. Not sure if you can see the triangle I drew on the daily, it is kind of dark, but it does demonstrate that. In addition, I do believe that when this does start trending again it will be bearish. My initial thinking is that it may do ...

Cable Update (GBPUSD)

Top of triangle in my opinion, but who knows?????

Cable Update (GBPUSD)