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Cable Update (GBPUSD)

  • #374,681
  • Apr 30, 2014 4:29pm Apr 30, 2014 4:29pm
Quoting PipLand
{quote} HDA Maybe i'm being a bit thick here but please explain to me the difference between an institutional account if you dont work for an institution? Why have one and not a regular account? You can open an 'institutional account' as you call it with varying levels of funds all depends on your organisation, and or bullshitting skills but there was never any advantage of doing this, at least not explained to me???
@PipLand:


I humbly and respectfully suggest then, that you please contact a broker of your choosing and ask them to explain it to you.

There are advantages to having an institutional account and I suggest if you have an interest to open one, you will learn about these advantages.

Please contact a broker of your choosing for more information

The information is free for anyone



HDA OUT
  • #374,682
  • Apr 30, 2014 4:32pm Apr 30, 2014 4:32pm
Quoting hoom
{quote} I have a micro account with 2 bucks in it, yes nowadays it is possible to trade with 2 bucks , so my main strategy is to double or triple my account every day. If I had +100K I would use 1:100 leverage and go against your trade to show whose the one with the right psychology and fear from market.
@hoom:

Thanks for sharing

When you have funded your account with the 100K as stated and you are ready to place your trade, please let me know and lets see what happens



HDA OUT
  • #374,683
  • Apr 30, 2014 4:33pm Apr 30, 2014 4:33pm
Quoting elbert3
{quote} navin you cock lol well done every pip down is a pip and pound now saved lol i was going to send you a grand too,, thank f,,,,k for that ,,i just saved a grand ,, once again you cock lol E out

ooo bless u
  • #374,684
  • Apr 30, 2014 4:36pm Apr 30, 2014 4:36pm
Quoting HDA
{quote} @ill_be_back: It is a Scenario. I trade off of Facts, once I enter the trade, then I let the FACTS in the market tell me what it is doing. I cannot speak to what has not happened, once it is happening, then I access the Facts, with all the information I have available to me and plan my trade. HDA OUT

Just trying to understand
let me try again

Scenario 1
The 2009 High 1.7043 on the GBP/USD if taken out and we get a daily close above 1.70000 (when that time comes) I will be re-entering LONG again to hold for 1.80000 and then 1.90000 and then 2.0000 - This is what position trading is about.

Quoting HDA
{quote} @ill_be_back: It is a Scenario. I trade off of Facts, once I enter the trade, then I let the FACTS in the market tell me what it is doing. I cannot speak to what has not happened, once it is happening, then I access the Facts, with all the information I have available to me and plan my trade. HDA OUT
Now let us assume all this is just a Scenario

After you have Re-entered long as per the above Scenario 1 The price starts to drop & keeps going Down & All the FACTS of the market is now telling you that price will keep dropping AT WHAT POINT YOU WILL SAY YOU WERE WRONG AND CLOSE THE TRADE
A good trader follows his rules, but great trader knows when to break them
  • #374,685
  • Apr 30, 2014 4:37pm Apr 30, 2014 4:37pm
Quoting albchr
Well, all this personal mushy crap aside, I still see nothing on the charts "as of now" that tells me this won't reach at least 7000/7100 or more. As soon as I do, my view will change. Being flexible about trading is key. Predicting is dangerous. All I can do is follow the ONLY indicator that matters, PRICE

just be alert my friend i have too say..i am way out of my depth here, become lazy and placing position without proper thought if i get out of this..i will seriously address my issues and start trading properly

go get them pips buddy
  • #374,686
  • Apr 30, 2014 4:41pm Apr 30, 2014 4:41pm
For those interested in "institutional trading", this is a decent "basic" place to start as to why it has both advantages, and disadvantages.

http://www.investopedia.com/terms/i/...alinvestor.asp
Ghost Rider - WWTBMD?
  • #374,687
  • Apr 30, 2014 4:44pm Apr 30, 2014 4:44pm
Quoting nAVIN2007
{quote} ooo bless u
i have been looking at trading 20 ema and 200sma ,thats what the you tube clip is about the crazy thing about it ,i can make it work in gold but cable seems to have its own rule ,and i have a problem trending against the trend as we have been doing and i seem to make more trading back to the 20 ema when gb has a big move,, ie HDA and tau were on last night and i took a trade because the 20ema was far away from price all posted, big lot thats times 4 my normal lot size,,, i took 17 pips as it came back on the 1 hour chart so realy i got 68 pips, i put a tight sl and it works for me,,just an idea you may want to look in to ..regards E
  • #374,688
  • Apr 30, 2014 4:44pm Apr 30, 2014 4:44pm
Quoting ill_be_back
{quote}AT WHAT POINT YOU WILL SAY YOU WERE WRONG AND CLOSE THE TRADE ...
@ill_be_back:

You have stated that I have placed the trade.

You have stated that the facts say, that price will keep dropping

Please share with me what those FACTS.

As far as I see if, I can't speak about a trade that I have not yet planned or had the facts available to me as yet to make an informed decision.

When that time comes, Lets See What Happens

I shared this earlier to with albchr and just now maximinus

It was written to ruffryders Monday, March 31, 2014 to help answer your question

Please see post:
http://www.forexfactory.com/showthre...41#post7372941




HDA OUT
  • #374,689
  • Apr 30, 2014 4:45pm Apr 30, 2014 4:45pm
HDA after yur target of 1.7 i suspect u looking for a retrace. what level are u looking for on the short potential b4 further rise?
  • #374,690
  • Apr 30, 2014 4:48pm Apr 30, 2014 4:48pm
Quoting elbert3
{quote} navin you cock lol well done every pip down is a pip and pound now saved lol i was going to send you a grand too,, thank f,,,,k for that ,,i just saved a grand ,, once again you cock lol E out
@elbert3:

I don't mind accepting it for a rain day.

PLEASE

Thanks in advance



HDA OUT
  • #374,691
  • Apr 30, 2014 4:48pm Apr 30, 2014 4:48pm
Quoting nAVIN2007
{quote} just be alert my friend i have too say..i am way out of my depth here, become lazy and placing position without proper thought if i get out of this..i will seriously address my issues and start trading properly go get them pips buddy
No worries mate. I'm flat GU as of now and looking for buy opportunities with the current trend first and foremost. Will I scalp shorts? You betcha but they have be really nice in their PA structure and I will cover them quick.

I have no doubt you'll "get out of this" bro. It will be with a HUGE loss, a not so HUGE loss, around BE or, if we all live long enough, maybe even some profit! But one way or another, you'll get out.
Ghost Rider - WWTBMD?
  • #374,692
  • Apr 30, 2014 4:50pm Apr 30, 2014 4:50pm
Quoting HDA
{quote} @hoom: Thanks for sharing When you have funded your account with the 100K as stated and you are ready to place your trade, please let me know and lets see what happens HDA OUT
@HDA:

No problem I am selling my bently in two weeks , I will send you a PM with my account statement and the open trade . I am eager to know the result .
lets see what happens but when it happens let's not pretend that we have seen that coming .

Get Rich or Die Tryin
  • #374,693
  • Apr 30, 2014 4:51pm Apr 30, 2014 4:51pm
Quoting albchr;7439388[COLOR=Red
]For those interested [/color]in "institutional trading", this is a decent "basic" place to start as to why it has both advantages, and disadvantages. http://www.investopedia.com/terms/i/...alinvestor.asp
@albchr:

Thank you

Definition of 'Institutional Investor'

A non-bank person or organization

HDA OUT
  • #374,694
  • Apr 30, 2014 4:52pm Apr 30, 2014 4:52pm
Quoting HDA
{quote} @elbert3: I don't mind accepting it for a rain day. PLEASE Thanks in advance HDA OUT
you dont need it i am changing your name to HDATMWTBBS LOL REGARDS
  • #374,695
  • Apr 30, 2014 4:55pm Apr 30, 2014 4:55pm
Quoting hoom
{quote} @HDA: No problem I am selling my bently in two weeks , I will send you a PM with my account statement and the open trade . I am eager to know the result . lets see what happens but when it happens let's not pretend that we have seen that coming .
YOUR BENTLEY ?? from expereance you will be losing in a month the same as navin in 1000 pips ??gl
  • #374,696
  • Apr 30, 2014 4:56pm Apr 30, 2014 4:56pm
Quoting HDA
{quote} @ill_be_back: You have stated that I have placed the trade. You have stated that the facts say, that price will keep dropping Please share with me what those FACTS. As far as I see if, I can't speak about a trade that I have not yet planned or had the facts available to me as yet to make an informed decision. When that time comes, Lets See What Happens I shared this earlier to with albchr and just now maximinus It was written to ruffryders Monday, March 31, 2014 to help answer your question Please see post: http://www.forexfactory.com/showthre...41#post7372941...

Was Just Trying to understand how you handled the trade in loosing position (Still have not Understood)

Thank You
A good trader follows his rules, but great trader knows when to break them
  • #374,697
  • Apr 30, 2014 4:57pm Apr 30, 2014 4:57pm
Quoting nAVIN2007
HDA after yur target of 1.7 i suspect u looking for a retrace. what level are u looking for on the short potential b4 further rise?
@nAVIN2007:

You are asking the same question as ill_be_back

Please see previous post
http://www.forexfactory.com/showthre...64#post7439364



HDA OUT
  • #374,698
  • Apr 30, 2014 5:00pm Apr 30, 2014 5:00pm
on fxstreet web site orders coming in sell eurusd and strangely gbpusd is at taking profit levels??
  • #374,699
  • Apr 30, 2014 5:01pm Apr 30, 2014 5:01pm
Quoting HDA
{quote} @PipLand: I humbly and respectfully suggest then, that you please contact a broker of your choosing and ask them to explain it to you. There are advantages to having an institutional account and I suggest if you have an interest to open one, you will learn about these advantages. Please contact a broker of your choosing for more information The information is free for anyone HDA OUT
I have had 'institutional accounts' as you call them with various brokers, MFglobal, Fortis then Abn amro, Deutsche. Never had any advantages apart from negotiable charges and more complex statements which are quite annoying if you dont have a back end system in place. So you expert guidance on the benefits of these accounts would be very helpful to me, thanks.
  • #374,700
  • Apr 30, 2014 5:01pm Apr 30, 2014 5:01pm
Quoting HDA
{quote} @ill_be_back: You have stated that I have placed the trade. You have stated that the facts say, that price will keep dropping Please share with me what those FACTS. As far as I see if, I can't speak about a trade that I have not yet planned or had the facts available to me as yet to make an informed decision. When that time comes, Lets See What Happens I shared this earlier to with albchr and just now maximinus It was written to ruffryders Monday, March 31, 2014 to help answer your question Please see post: http://www.forexfactory.com/showthre...41#post7372941...
I'm afraid HDA, a lot of folks are just not going to get this. They will ask "what if" questions until the cows come home. The only way to answer a "what if" question is with a "what if" answer. So my answer would be, WHAT IF I entered long/short, and WHAT IF price tells me I'm wrong, then I simply cut the trade ASAP.

But it's hard for a lot of folks to envision that you'd "likely" not enter the wrong direction because the "Facts" you have "beforehand" wouldn't lead you that way the vast majority of times to begin with.
Ghost Rider - WWTBMD?
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