Best Thread Live Cable Trading

[wasp]

Cheers Baruch, just had a read through now, looks like a good idea... nothings perfect every time, but does seem to have a favourable probability.

 

[ANTOWE]

Read the thread about Big Baruch/Big Ben. Trade the first move after 7.00. Was long from 90. Out with 1 pip - seems that I took the wrong train :cheesy: ...

Baruch, have read your comments with interest. what would be the % of correct calls you make using Big Ben Technique?

 

[Baruch]

Baruch, have read your comments with interest. what would be the % of correct calls you make using Big Ben Technique?

So far I had no losses - but it's not Big Ben, because I don't wait for a breakout, who may never come. I just jump on the first train leaving the station after 7.00...

PS. Today I only got 1 pips, but coud have made 10-15 pips, but you never know...

 

[ANTOWE]

So far I had no losses - but it's not Big Ben, because I don't wait for a breakout, who may never come. I just jump on the first train leaving the station after 7.00...

PS. Today I only got 1 pips, but coud have made 10-15 pips, but you never know...

100% then, very impressive........

 

[Baruch]

So far I had no losses - but it's not Big Ben, because I don't wait for a breakout, who may never come. I just jump on the first train leaving the station after 7.00...

PS. Today I only got 1 pips, but coud have made 10-15 pips, but you never know...

Took the wrong train. Should have waited for the second train... :cheesy:

 

[Baruch]

Took the wrong train. Should have waited for the second train... :cheesy:

Took also the wrong pair. :cheesy: Euro looking much stronger than cable today...

PS. Made another mistake: When the next train leaves station, then jump on that too...

 

[Kaffee]

Looking like a long thus far....

 

[JonnyT]

Sometimes the train hits the buffers...

JonnyT

 

[ANTOWE]

Took also the wrong pair. :cheesy: Euro looking much stronger than cable today...

PS. Made another mistake: When the next train leaves station, then jump on that too...

Cable possibly waiting for guidance:-

Today"s key UK event risk is the 09:30GMT disclosure of November retail sales.
Forecast: +0.3% m/m. Disappointing data will further increase the risk of a Q1
UK 25bp rate cut.
On the option expiry front: an estimated GBP 650mn 1.8000 GBP call rolls off at
today"s 15:00GMT NY cut. [email protected]

 

[wasp]

'Nowhere' and 'fast' spring to mind!

 

[Baruch]

Cable possibly waiting for guidance:-

Today"s key UK event risk is the 09:30GMT disclosure of November retail sales.
Forecast: +0.3% m/m. Disappointing data will further increase the risk of a Q1
UK 25bp rate cut.
On the option expiry front: an estimated GBP 650mn 1.8000 GBP call rolls off at
today"s 15:00GMT NY cut. [email protected]

Yes, as I have said before, the method doesn't work so good before big eco news, because the traders will wait for the news before they commit themself. That why I trade both cable and euro - and I like to see euro confirm the move in cable.

 

[zuke]

Yes, as I have said before, the method doesn't work so good before big eco news, because the traders will wait for the news before they commit themself. That why I trade both cable and euro - and I like to see euro confirm the move in cable.

Well am going to test the Big Ben method today. I make the 7-8 channel to be 7677-7717. I will do a small (1 mini lot) long or short above or below these levels. I wont wait for 5 pips either side.

 

[ivor31]

Antowe
Where do you find the info on the option expiry.Thanks

 

[ANTOWE]

Antowe
Where do you find the info on the option expiry.Thanks

Ivor,

sourced from FXCM - 'order board' info is free to anybody opening an account, even demo account.

1.7945(M) |61.8% of 1.8500 -1.7050 |flat on a failure | [LONG at]
: 1.7900(M) |daily high Oct 27, 2% |take profit, buy break | [1.7686]
: 1.7810(M) |daily high Dec 14 |flat on a failure |
: 1.7750(M) |hourly resistance Dec 15 |flat on a failure |Open|15/12/05

: | TIME 07 16|

: 1.7655(M) |daily low Dec 13 |stop & reverse below | |
: 1.7625(M) |hrly highs/lows Dec 12 |cover on a bounce |TGT |1.7900
: 1.7565(M) |daily high Dec 9 |cover on a bounce |Stop|1.7645
: 1.7550(M) |10 day M/A |cover on a bounce |
============|==========================|=========================|=============


[IFR Forex Watch]

 

[ivor31]

Thanks for that antowe.

 

[ANTOWE]

Thanks for that antowe.

further information if your interested:-


We have bought the bounce ahead of 1.7655 lows for a run at 1.7810 again
intraday. This level hoever is a little way off and the price is likely to run
into resistance around 1.7750 first. Hourly studies have just bounced from
oversold levels and there is plently of scope here for further rebound action.
Daily charts are overdodne, will flat a 1.7750 or 1.7810 fail. (AS) [07:29GMT]

end

 

[Kaffee]

further information if your interested:-


We have bought the bounce ahead of 1.7655 lows for a run at 1.7810 again
intraday. This level hoever is a little way off and the price is likely to run
into resistance around 1.7750 first. Hourly studies have just bounced from
oversold levels and there is plently of scope here for further rebound action.
Daily charts are overdodne, will flat a 1.7750 or 1.7810 fail. (AS) [07:29GMT]

end

Er.. silly question but who are "we" ?

 

[ANTOWE]

Er.. silly question but who are "we" ?

Kaffee, 'we' is FXCM Trader going long on Cable at time and level specified..

 

[zuke]

OK Guys and Gals..impatient idiot that I am , I decided to go LONG 7699 (just 1 lot though) Stop & Target 1 30 pips.

 

[coolTrader]

good one been short ,been long, been there done that today and still all given good profit. Oh what a beautiful morning oh what a beautiful day.... :cheesy:

That tells me it is a funny day. Might watch for break out