Best Thread Live Cable Trading

[jezza888]

watching that 340 supprt level closely right now....

could be a small triangle there or the start of back down........

 

[Baruch]

I seen a comment on here saying.
You could try trading the CME currency future, normally 1 pip spread

Baruch
yes, but then you have to pay commission.

I trade CME Futures and always look to buy the bid to go long, and nearly always I get a fill, I am not paying any spread.0 spread, Yes you got to pay commission but it works out just half a tick spread. and you can trade on news where you will find a lot of re-quote trading the Spot price. I tend to (day trade) using futures but trade positions with IGindex.

Nice thread.

Right now the spread on the June Cable future is 4 pips.

 

[Baruch]

as per Newtron Bomb; ( my reading of his strategy )
the asian session has been breached to the upside, and retraced.
he would be looking to enter a long when the retrace has finished, and get in LONG with a better price.

( how did hans123 get ion y'day ? eyeballing charts suggest AM trade was small loss, and PM trade didnt trigger )

It seems to me this Newtron Bomb has stolen my Big Baruch method... :cheesy:

 

[jezza888]

Which way is Big Baruch this morning anyhow Baruch?

 

[trendie]

cable asian-range appears to be a nice 30-pip ( 73 / 39 )
so a breakout may prove to be profitable today ?

 

[Baruch]

Which way is Big Baruch this morning anyhow Baruch?

No signal until now.

 

[Uphios]

Well, managed to shoot myself in the foot yesterday. After some reasonable scalping in the early AM this board led me to reverse my biased to the short side and ended up costing me 100 pip opportunity. Still in my last short which I think will give most of it back soonish.

 

[jezza888]

ditto Uphios!

Also went short and missed yesterday afternoons rise... Ces't la vie!

 

[Uphios]

Ces't la vie? Cest't la bloody vie!! Revenge time more like. Just like to put the market on notice the money was only lent.

 

[kon_london]

06:15 am In addition local GBP/USD resistance at 1.7380
07:28 am we are near cable buying zone
08:21 am The pound does not want to begin without the economic data
08:26 am Cable accumulates orders at 1.7380

 

[jezza888]

Ces't la vie? Cest't la bloody vie!! Revenge time more like. Just like to put the market on notice the money was only lent.

Don't you let it get away with it Uphios... show it who's boss!

 

[Baruch]

Well, managed to shoot myself in the foot yesterday. After some reasonable scalping in the early AM this board led me to reverse my biased to the short side and ended up costing me 100 pip opportunity. Still in my last short which I think will give most of it back soonish.

If you went from short to long yesterday in cable because of this board you should have earned 100 pips... :cheesy:

 

[Kaffee]

06:15 am In addition local GBP/USD resistance at 1.7380
07:28 am we are near cable buying zone
08:21 am The pound does not want to begin without the economic data
08:26 am Cable accumulates orders at 1.7380

Sorry KL... what's this ? Orders at 7380 ? Where did you get that from ?

Oh Morning all btw.

 

[Baruch]

IMHO the only music you can listen to when trading is The Rolling Stones (and closely matching genres), Kylie, Gwen Stefani and Durran Durran just dont cut it.

I listen to opera. Verdi, Puccini, von Weber and Mozart. They are wonderful. PS. Rolling Stones? Well, they were good when Brian Jones was member of the group...

 

[eatontrade]

Well here we are at top of range - anyone selloing ?

 

[eatontrade]

I'm going to risk a short at 66 stop at 80

 

[Uphios]

yup. Small add on short.

 

[kon_london]

08:35 am 1.73568 buy
08:39 am buying zone 7340-7360
09:33 am cable 7367

 

[kon_london]

cable

Sorry KL... what's this ? Orders at 7380 ? Where did you get that from ?

Oh Morning all btw.

orders for buying GBP 7380

 

[eatontrade]

From Thomson at 9:35........

09:35 GBP/USD: Sterling Off the Floor but Needs a 1.7400 Break] London, Mar 14.
Short covering has helped lift sterling out of its recent slump and the talk in
the market is that a further squeeze could take cable to offers in the 1.7380-90
area. The correction will need to clear this selling interest and make a move
above 1.7400 if a more concerted sterling recovery is to take hold.
The lack of domestic news will shift market attention to the German ZEW on the
hour and US retail sales and current account data at 13:30 GMT. The EUR and by
association the pound is at risk to a softer than expected ZEW with most in the
market favouring a strong release. EUR/GBP has already come lower having failed
at 0.6925 last session and is looking vulnerable just under 0.6900.
Technically cable has converged 10 and 21-day moving averages at 1.7415 for
resistance and double day lows from Friday/Monday at 1.7230. 1.7390-00 fails
could bring a drop to 1.7340-50 before the bull market reasserts itself.