cable sucks. I thought it will go up but bloody thing goes down.
that is not fair !
that is not fair !
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Dislikedcan some body buy some more this range is doing me in as i am not scalping ,, you could of made 100 pips over the past few daysIgnored
Disliked{quote} But many people cannot even make 1% a month on a consistent basis...Ignored
So what does this mean? From the strength of dollars before the speech one can assume that market was looking for a more hawkish Yellen, but they obviously didn't get that. But from the price action after the release of the speech it looks like dollar just doesn't get sold yet.
Maybe market wasn't focusing on Yellen at all, because they know Yellen will give no clue whatsoever. And market is focusing on Draghi and Carney instead, the prospect of ECB QE, the fading hope of early hike of BOE constitute the force that driven euro and pound down. If that's true, the a recovery of cable may not be in sight just yet.
However, given that I have been betting on a cable recovery sign late July and have been consistently wrong, I might better just use myself as a contrarian indicator once and see how that's gonna play out.
DislikedYellen basically said nothing. FOMC sees significant under use of labour resources There is no simple recipe for appropriate policy Still unclear on degree of level of labour slack and how quickly it will disappear Gauging labour market slack needs to be more nuanced Repeats that QE will finish in October Slower progress on goals may delay rate increase Sees room for wage increases that don’t boost inflation So what does this mean? From the strength of dollars before the speech one can assume that market was looking for a more hawkish Yellen, but...Ignored
She still tries to play down the recent improvement of US labour market data.
Disliked{quote} .. 1% (or less) a month??? Me thinks you either thought too many times over and over, or need another cycle of thought yet? At that rate, you'd be better off just stuffing it in a savings account. For 100k you could do better than 1% interest a month. I don't advocate this as a goal but, if we can't make 10% a month trading? We probably shouldn't be pushing buttons on a live account yet.Ignored
Disliked{quote} no it would be around 27-29k.. I currently have 18k in my account if i get out of this i will add a further 10k I only looking for around 1k pips per month..i can do 2k pips a month without major issues, so i think it is quite achievable on 10k i would not try to do 10% a month..100% return in one year (thats a crazy goal)..but 33% is achievableIgnored
Disliked{quote} Talking about low risk, steady income over years and years and years, not lucky punches. I know some professional traders (non commercials) who say it is very hard to gain more than 5-6 % every month without risking too much. But if you do not push buttons on a live account, you will never get there. Last 3 months around 30 % - overleveraged? No. Professional? Surely not. Just variance.Ignored
DislikedUSD is still the strongest currency on the board but GBP follows closely in the neck. Retrace for this pair is coming soon. {image}Ignored