Disliked{quote} Carney is not bullish. read his statement today. he said rates will rise but in a cautious manner. retail sales data is volatile in britain. will not be surprised if it comes in negative next month. GDP is good but below estimates. so next reading will disappoint as well. any more positives you got?????Ignored
Cable Update (GBPUSD)
- #374,002
- Apr 29, 2014 8:23am Apr 29, 2014 8:23am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,065 Posts
- #374,003
- Apr 29, 2014 8:26am Apr 29, 2014 8:26am
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
{quote} I do not think it is the right time to close a 1000 pips loss of cable at its current top. nAVIN can hold a 1000 pips drawdown, why close exactly at the top? Sure cable can go a little up, but why it cannot drop a few hundreds pips afterwards? Or even 1000 pips drop afterwords? What if he close the 1000 pips loss, the market goes up 200 pips, and he thinks it may still go up and wait but it just drops like a rock? If he can hold 1000 pips drawdown, he can still hold couple hundreds more and wait for the big drop.
How are you? Its been so long. Thank you for sharing your thoughts. We can only wait now to see what happens. The point of highlighting this is to create a moment in time, that no trader will forget and can use as a milestone of what not to do.
For example, no one will ever forget the day when GEORGE SOROS broke the Bank of England and made 1 Billion dollars profit in one day. That's a milestone
Now we just have to wait and see, patiently.
How is your trading coming along?
HDA OUT
{quote} Carney is not bullish. read his statement today. he said rates will rise but in a cautious manner. retail sales data is volatile in britain. will not be surprised if it comes in negative next month. GDP is good but below estimates. so next reading will disappoint as well. any more positives you got?????
- #374,007
- Apr 29, 2014 8:29am Apr 29, 2014 8:29am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,065 Posts
- #374,008
- Apr 29, 2014 8:29am Apr 29, 2014 8:29am
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
{quote} for all traders short,, its not going to 17,, it never was and it never will ,, the gov dont want it there read me post from December ,, to much exporting keeping gb afloat ..??? lets get it back to 1.600 ...
HDA OUT
- #374,010
- Apr 29, 2014 8:30am Apr 29, 2014 8:30am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
{quote} you're deluded, rates will NEVER rise, look at Japan......the governments can't afford a rise and the dumb punters up to their necks in debt certainly can't
That would be pretty cool!
- #374,013
- Apr 29, 2014 8:32am Apr 29, 2014 8:32am
- | Membership Revoked | Joined May 2013 | 7,946 Posts
{quote} @ffleo: How are you? Its been so long. Thank you for sharing your thoughts. We can only wait now to see what happens. The point of highlighting this is to create a moment in time, that no trader will forget and can use as a milestone of what not to do. For example, no one will ever forget the day when GEORGE SOROS broke the Bank of England and made 1 Billion dollars profit in one day. That's a milestone Now we just have to wait and see, patiently. How is your trading coming along?
My thought about nAVIN is that if he can hold 1000 pips drawdown, he still have a lot margin to hold more. At least wait for a big retrace to close part of the loss, and load it back later if it goes up again. If it continues dropping, hold the rest.
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #374,014
- Apr 29, 2014 8:33am Apr 29, 2014 8:33am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} @smikester: I have never posted a chart since I have been with FF since 2008. Colours, Caps is my trade mark. We all have something that makes us unique. You are also unique in your own way. Smikester if you have an institutional account you would know that there are no charts. Just prices with liquidity shown in blocks. I am helping traders to realise what not to do and hopeful help nAVIN2007 even if he is asking for the help or not. I care about all of you traders and this is why I make sure my post are helpful, timely and accurate. This...
words can be cheap..infact if u are indeed trading for an institution and u cant see this is a major resistance level thats quite a concern..
also with regard to Stop loss it meets my reward so there is nothing wrong, one must simply not be attached to his trade..life goes on, I can quite easily hold for an indefinite length of time because i dont actually feel anything. I AM NOT WORN OUT or feel like i have been in the trade for any length of time.
This i think is the difference i can also quite easily hold a trade for 1k pips as well..it all depends on yur limitations and this is relative from one person to the next..i wish u much success
- #374,015
- Apr 29, 2014 8:34am Apr 29, 2014 8:34am
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
{quote} the only people who want to get gb up there are the people who bought it at 1900 and got stuck trying to get it back to 2000.. ?
You're being unkind
That's a huge draw down.
No one would hold a trade like that for so long, NO ONE.
HDA OUT
- #374,016
- Apr 29, 2014 8:34am Apr 29, 2014 8:34am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,065 Posts
{quote} Zero interest rates forever
.......anyway the Fed only thinks the value of stock markets are important, nothing else seems to matter...
- #374,018
- Apr 29, 2014 8:34am Apr 29, 2014 8:34am
- Joined Nov 2012 | Status: Trader | 1,449 Posts
if this hour close below 3825. bears will force more down i think. atm price below 6831. this effect short term down movement. lets see closing
- #374,019
- Apr 29, 2014 8:35am Apr 29, 2014 8:35am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #374,020
- Apr 29, 2014 8:37am Apr 29, 2014 8:37am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Could you all please hold your thoughts for a minute or two? I have a new batch of popcorn cooking and don't want to miss the second half of the show.
Ghost Rider - WWTBMD?