Best Thread Live Cable Trading
mark twain uk
Established member
- Messages
- 618
- Likes
- 4
dc,
After a long time of watching I decided to start trading cable, nice to see that you are active here.
I started with £1 a pip, knowing that I am bound to have to go through the initial learning curve, and sure enough I went long on Friday, just before the fall. Too predictable to even worry about it.
I too think that there will be another push down, just for the sake of it, there are just too many stops placed just under the support line and there will be a temptation to take them out in a spike done before the turn
After a long time of watching I decided to start trading cable, nice to see that you are active here.
I started with £1 a pip, knowing that I am bound to have to go through the initial learning curve, and sure enough I went long on Friday, just before the fall. Too predictable to even worry about it.
I too think that there will be another push down, just for the sake of it, there are just too many stops placed just under the support line and there will be a temptation to take them out in a spike done before the turn
Kaffee said:I think the overiding signal was the Euro action. (Depending if the day had a "y" in it !!) But there's only one man who knows what he traded.... C'mon Baruch, what did you do this morning ??
I agree, explain your nice Big Ben trade for us Baruch, what was it based on? Secondly did you trade it?
Ripcord said:
Baruch
I have lost count of how many times this has been pointed out to you.
The Big Ben breakout is based on the 7am - 8 am GMT range.
Now being as up till now it has not broken that range how on earth can it be a nice trade!
[/QUOTE]
OK, so let us call it Big Baruch - I don't care. I trade the breakout from the 6am - 7am GMT range. I don't know about London, but in Frankfurt and the Euroland banks etc. trading starts from around 7 am.
Baruch said:
OK, so let us call it Big Baruch - I don't care. I trade the breakout from the 6am - 7am GMT range. I don't know about London, but in Frankfurt and the Euroland banks etc. trading starts from around 7 am.[/QUOTE]
Yes I did think it might be because of the time difference.
Baruch said:
Yes, 7.00 am GMT is 8.00 am CET. And maybe we here in Europe also starts the working day earlier than in UK?[/QUOTE]
Everybody who trades forex should know when the markets open in different zones, it is not new news.
However what I am highlighting, and you can check back in this thread, is that on more than one occasion you have asked for an explanation of the Big Ben trade. Even after having it clearly defined you still repeatedly call it wrong.
Now for me it is a source of amusement but why i choose to draw attention to it is that there are many new traders who read this thread and you will do nothing but confuse them that is what i find frustrating.
neil
Legendary member
- Messages
- 5,169
- Likes
- 752
purplekiwi
Member
- Messages
- 82
- Likes
- 0
Ripcord said:
If you read back far enough, you will find that Baruch has posted his version of Big Ben several times, more commonly known as Big Baruch.
Don't worry Baruch, the rest of us know what you are talking about!
purplekiwi said:If you read back far enough, you will find that Baruch has posted his version of Big Ben several times, more commonly known as Big Baruch.
Don't worry Baruch, the rest of us know what you are talking about!
Thank you. Maybe we could call the two versions of Big Ben for Early Big Ben and Late Big Ben? I trade Early Big Ben (or Big Baruch), and I must say the method has produced some nice trades. Thank you to whom which pointed this Big Ben method out - cant remember who it was...If you don't know what to do, but you need some pips, you can always trade that - the risk is small. But you have to get up in the morning! :cheesy:
