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Cable Update (GBPUSD)

  • #288,541
  • Sep 14, 2011 3:35am Sep 14, 2011 3:35am
Quoting nAVIN2007
i have a stop loss in place and am risking 35-40 % of my account on this
I could be in this trade for more than 1 year..i understand this, that is why i say it is an investment..im not trading am investing
What a poundsterling warrior yah
If there was easy money lying around,no one would be forcing it into your
  • #288,542
  • Sep 14, 2011 3:38am Sep 14, 2011 3:38am
Quoting FXMindset
What a poundsterling warrior yah

this is the trader i am..im always looking to increase and test myself..im rather hoping this trade is the only trade i need to worry about whole year..

whether this happen thou is another story
  • #288,543
  • Sep 14, 2011 3:43am Sep 14, 2011 3:43am
Quoting smikester
SNB won't allow Euro below 1.2. That's their stated aim and as long as they can fund this, it will prop up the Euro. Secondly, China has big business interests in Europe and massive USD holdings.
SNB can also buy usd/chf to keep the eur/chf at 1.2.
the euro went down in the last 3 weeks like gbp and aud but now it stalled!!!

all is possible and what nAVIN2007 said is possible too, I was thinking because the problem is with eurozone euro would be affected most with this!!!
  • #288,544
  • Sep 14, 2011 3:45am Sep 14, 2011 3:45am
Quoting smikester
SNB won't allow Euro below 1.2. That's their stated aim and as long as they can fund this, it will prop up the Euro. Secondly, China has big business interests in Europe and massive USD holdings.
Intervened chart, typical..
Today's range only 18 pips.
.
Attached Image (click to enlarge)
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  • #288,545
  • Sep 14, 2011 3:48am Sep 14, 2011 3:48am
Quoting Abouelzelouf
SNB can also buy usd/chf to keep the eur/chf at 1.2.
the euro went down in the last 3 weeks like gbp and aud but now it stalled!!!

all is possible and what nAVIN2007 said is possible too, I was thinking because the problem is with eurozone euro would be affected most with this!!!

look for yourself at the figures..gbp isnt doing bad at all..infact look at the stength..cable could have hit the floor..

gold is falling, euro falling and usd increase yet..the drop on cable isnt massive..

i am thinking longer term..and to me..the big guns are droping it to get good seats
but please dont follow this is very dangerous experiment i have and is not wise

http://www.london2012.com/homepage-feature/
  • #288,546
  • Sep 14, 2011 4:08am Sep 14, 2011 4:08am
Since April We are already drop 1000 pips over,Dont you think its quite massive mate
Attached Image (click to enlarge)
Click to Enlarge Name: GU Weekly.png Size: 25 KB
If there was easy money lying around,no one would be forcing it into your
  • #288,547
  • Sep 14, 2011 4:10am Sep 14, 2011 4:10am
Quoting FXMindset
Since April We are already drop 1000 pips over,Dont you think its quite massive mate
nope
  • #288,548
  • Sep 14, 2011 4:13am Sep 14, 2011 4:13am
navin what are you thinking
  • #288,549
  • Sep 14, 2011 4:17am Sep 14, 2011 4:17am
Quoting PoundTrader
navin what are you thinking

question is bro!!what are u thinking?

maybe i gone mad..i knew i shouldnt have trade august..and start september, definitely different
  • #288,550
  • Edited 4:20am Sep 14, 2011 4:18am | Edited 4:20am
Well just now the market reacted to the stream of good GBP data in a lukewarm way, almost non responsive. This suggests that risk aversion is going to be deeply rooted in the market sentiment for a long time, and USD safe haven effect will be in full force. Waiting for U.S data to come out later on and see what happens, if bad data ensues may be we can get someone to talk up more stimulus possibilities and give GBP/USD some support.
  • #288,551
  • Sep 14, 2011 4:21am Sep 14, 2011 4:21am
Quoting nAVIN2007
question is bro!!what are u thinking?

maybe i gone mad..i knew i shouldnt have trade august..and start september, definitely different
im thinking where in a downtrend
  • #288,552
  • Sep 14, 2011 4:24am Sep 14, 2011 4:24am
agree...
1)
since april : 5-6 month ( say 5 month )
pip per month : 1000 / 5 = 200 pip
working day per month : 20 days
pip per day : 10 pip ...not massive ( my imho )

2)
nav....have very lot of money
use minimal lot per trade
no panic
hedge


Quoting nAVIN2007
nope
not euphoria follower
  • #288,553
  • Sep 14, 2011 4:27am Sep 14, 2011 4:27am
Quoting nAVIN2007
question is bro!!what are u thinking?

maybe i gone mad..i knew i shouldnt have trade august..and start september, definitely different

you can "invest" only if no leverage is involved

otherwise one of these trades will kill your acc eventually
  • #288,554
  • Sep 14, 2011 4:35am Sep 14, 2011 4:35am
I want the euro to go down because I want x/chf to go up
  • #288,555
  • Sep 14, 2011 4:38am Sep 14, 2011 4:38am
Quoting Killy
you can "invest" only if no leverage is involved

otherwise one of these trades will kill your acc eventually

THAT IS TRUE..pray for meh
  • #288,556
  • Sep 14, 2011 4:38am Sep 14, 2011 4:38am
Quoting nAVIN2007
im longterm long...more of an investment..(i hope)

wasnt a good idea thou

Quoting nAVIN2007
i have a stop loss in place and am risking 35-40 % of my account on this
I could be in this trade for more than 1 year..i understand this, that is why i say it is an investment..im not trading am investing

Nav, you know I love ya like a brother. But look at what you yourself are saying man.

"You Hope" .... "Wasn't a good idea" ... 'Risking 35-40%"??!!! ... "I'm not trading I'm investing"??

Brother, you know we don't trade on hope. You KNOW it's not a good idea and your risk is WAY out of control. I have to say man, you're not "trading OR investing", you're engaged in wishful thinking because I think you're afraid to cut your losses.

Now I'm by no means a professional trader but I do care about you bro. I think you're making a big mistake but it's your account, your call and I PRAY your "wish" comes true!!
Ghost Rider - WWTBMD?
  • #288,557
  • Sep 14, 2011 4:44am Sep 14, 2011 4:44am
Quoting albchr
Nav, you know I love ya like a brother. But look at what you yourself are saying man.

"You Hope" .... "Wasn't a good idea" ... 'Risking 35-40%"??!!! ... "I'm not trading I'm investing"??

Brother, you know we don't trade on hope. You KNOW it's not a good idea and your risk is WAY out of control. I have to say man, you're not "trading OR investing", you're engaged in wishful thinking because I think you're afraid to cut your losses.

Now I'm by no means a professional trader but I do care about you bro. I think you're making a big mistake...
that risk is compounded and will take a long time to get there if it did..the reward i hope is will more than 50% of account..i cannot sell here to me that is dangerous..im sticking to it..no matter what

thanks for yur concern thou bro.. i feel it!
  • #288,558
  • Sep 14, 2011 4:51am Sep 14, 2011 4:51am
Quoting nAVIN2007
that risk is compounded and will take a long time to get there if it did..the reward i hope is will more than 50% of account..i cannot sell here to me that is dangerous..im sticking to it..no matter what

thanks for yur concern thou bro.. i feel it!
Well, when (if) this does turn around, I'll see ya back up there taking my usual little bites along the way.

God Bless Bro!
Ghost Rider - WWTBMD?
  • #288,559
  • Sep 14, 2011 4:51am Sep 14, 2011 4:51am
Quoting nAVIN2007
that risk is compounded and will take a long time to get there if it did..the reward i hope is will more than 50% of account..i cannot sell here to me that is dangerous..im sticking to it..no matter what

thanks for yur concern thou bro.. i feel it!

Just FYI i believe GBPUSD is in weekly range of 1.567-1.643 with the mean at approx 1.605

as of now there is a significant larger probability of mean reversion up (to 1.605), but if it breaks 1.5600 and stays there for a while - risk of further fall through will be very high
  • #288,560
  • Sep 14, 2011 4:52am Sep 14, 2011 4:52am
Quoting nAVIN2007
that risk is compounded and will take a long time to get there if it did..the reward i hope is will more than 50% of account..i cannot sell here to me that is dangerous..im sticking to it..no matter what

thanks for yur concern thou bro.. i feel it!
I am hope your emotion not in play ya mate
If there was easy money lying around,no one would be forcing it into your
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