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Cable Update (GBPUSD)

  • #384,721
  • Jul 1, 2014 2:25pm Jul 1, 2014 2:25pm
Quoting hoom
{quote} I will never try to catch the top again , if it turns bearich I will go with the flow , my equity had a heart attack lately due to commodities currency rally
Me neither. Had enough of that shit first time round. Back to day-trading for me!
Where price is now, it has been before, and will be again.
  • #384,722
  • Jul 1, 2014 2:25pm Jul 1, 2014 2:25pm
Quoting Jenx
{quote} Leverage is the killer.Full stop.
i like leverage - but i just trade 1% of my capital each trade and NEVER increase position size.
fortis fortuna adiuvat
  • #384,723
  • Jul 1, 2014 2:32pm Jul 1, 2014 2:32pm
Quoting deltaone
ff statistics: 78% short cable avg return -7% avg duration 5 weeks (!!!) losing trades 1379 with 10 times higher volume than long trades. my question: is the avg return just the unleveraged outcome measured in pips? as far as i know, in fx-trading leverage is up to 200% (f.e. at ig where i am trading); so the result is up to -140%? if this is right, it would explain the highly emotional posts of some members...
Someone once told me, the bulls go up the stairs and the bears go out the windows

It goes like this if you catch a top you get a thrill profit is quick and you get a nice fuzzy feeling (I got rich quick)
Then you do it again... and it was just retracing so... you have good money management you keep you loss small
Now repeat 5 times and those little losses add up to the big win...

But some people, most really just keep doing it over and over looking for that feeling, all warm and fuzzy big quick win...

But in reality slow and stead small steps compounding wins the trading race... with the trend...

anyway you seen the scoreboard for yourself, just the way it is in this game 95% provide the profit liquidity for the 5% slow and steady, no excitement just growing profits..

and try not to draw on the account too often, that can also be a killer if times get slow...

  • #384,724
  • Jul 1, 2014 2:33pm Jul 1, 2014 2:33pm
Quoting deltaone
{quote} i like leverage - but i just trade 1% of my capital each trade and NEVER increase position size.
What's up Delta....how's it going, man?
Hear the music before the song is over ...
  • #384,725
  • Jul 1, 2014 2:34pm Jul 1, 2014 2:34pm
Quoting deltaone
{quote} i like leverage - but i just trade 1% of my capital each trade and NEVER increase position size.

Yeah I do the same now

Also do a bit off hedging through cross pairs

an willing to wait for the lemons to turn into lemonade
  • #384,726
  • Jul 1, 2014 2:38pm Jul 1, 2014 2:38pm
Quoting Jenx
Anyway guys, I'm cycling from the North of England to Perpignan in the South of France for a great charity in a couple of weeks. Been trying to learn to trade off my phone in preparation! If any of you are on Facebook, please like and share " HJ to Perpignan" Like I said , it's for a great cause!
Fingers crossed for you it won't rain, all sunshine throughout...what cause is it for, Jenx?
Hear the music before the song is over ...
  • #384,727
  • Jul 1, 2014 2:43pm Jul 1, 2014 2:43pm
Quoting GlobalMacro
{quote} What's up Delta....how's it going, man?
me? iīm just fine - no positions atm. would like to see cable fall a bit in order to buy the dip
you are flat now?
btw: your pimp bull was cool
fortis fortuna adiuvat
  • #384,728
  • Jul 1, 2014 2:45pm Jul 1, 2014 2:45pm
cut 4 positions as loss.Still have good chunk going.
If goes higher load up higher
In trading, you have to be defensive and aggressive at the same time
  • #384,729
  • Jul 1, 2014 2:45pm Jul 1, 2014 2:45pm
Quoting JimmyC
{quote} Someone once told me, the bulls go up the stairs and the bears go out the windows It goes like this if you catch a top you get a thrill profit is quick and you get a nice fuzzy feeling (I got rich quick) Then you do it again... and it was just retracing so... you have good money management you keep you loss small Now repeat 5 times and those little losses add up to the big win... But some people, most really just keep doing it over and over looking for that feeling, all warm and fuzzy big quick win... But in reality slow and stead small...
right you are!
fortis fortuna adiuvat
  • #384,730
  • Jul 1, 2014 2:47pm Jul 1, 2014 2:47pm
Quoting elbert3
{quote} Trade confirmation On 01-Jul-2014 at 17:04:45 (GMT) You sold 5GBPUSD @ 1.71619 for value date 03-Jul-2014 Front office position id: 139819178 Account: 5589929 in god we trust ...lol
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  • #384,731
  • Jul 1, 2014 2:48pm Jul 1, 2014 2:48pm
Today was a major breakout, if you not long now suggest you get long because we have a lot of big picture analysis in favor of bulls for rest of the summer.

1. Technical side - GU has broken through a MAJOR level of weekly support and resistance. This is just the start of a long term breakout to upside.

2. Carney last meeting still going strong on monetary policy and trying to maintain its overall position in the very hawkish stance it currently holds.

3. The amount of retail on this trying to short for the past 2 months AT LEAST has been outrageous!! Not much to say there..



You guys wanna short something, put it on EURUSD.
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All posts are my personal opinion
  • #384,732
  • Jul 1, 2014 2:49pm Jul 1, 2014 2:49pm
Quoting deltaone
{quote} me? iīm just fine - no positions atm. would like to see cable fall a bit in order to buy the dip you are flat now? btw: your pimp bull was cool
No not you......you should cut down on the booze, bro.

Flat in this market?

Uhhh...yup.
Hear the music before the song is over ...
  • #384,733
  • Jul 1, 2014 2:51pm Jul 1, 2014 2:51pm
Quoting eliteincome
{quote} Yeah I do the same now Also do a bit off hedging through cross pairs an willing to wait for the lemons to turn into lemonade
good luck to you. i just trade cable, eurusd (only if lord draghila is talking, just canīt wait until his next speach) - and dax/dow-scalping.
having a mix of underlyings could be helpfull, indeed...
fortis fortuna adiuvat
  • #384,734
  • Jul 1, 2014 2:54pm Jul 1, 2014 2:54pm
Quoting GlobalMacro
{quote} Fingers crossed for you it won't rain, all sunshine throughout...what cause is it for, Jenx?
It's for a rugby league foundation raising money for The Christie, a major cancer hospital in the north of England
Where price is now, it has been before, and will be again.
  • #384,735
  • Jul 1, 2014 2:55pm Jul 1, 2014 2:55pm
Quoting GlobalMacro
{quote} No not you......you should cut down on the booze, bro. Flat in this market? Uhhh...yup.
soccer now - good luck to the us-soccer team!
fortis fortuna adiuvat
  • #384,736
  • Jul 1, 2014 2:59pm Jul 1, 2014 2:59pm
Quoting hoom
{quote} I will never try to catch the top again , if it turns bearich I will go with the flow , my equity had a heart attack lately due to commodities currency rally
The current place is not top catching. It reached 1.618 extension and 2 extension measured from several previous swings. High probably to retrace here.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #384,737
  • Jul 1, 2014 3:04pm Jul 1, 2014 3:04pm
Quoting GlobalMacro
{quote} That's great. Best of luck to you.
Cheers mucka
Where price is now, it has been before, and will be again.
  • #384,738
  • Jul 1, 2014 3:05pm Jul 1, 2014 3:05pm
Quoting deltaone
{quote} good luck to you. i just trade cable, eurusd (only if lord draghila is talking, just canīt wait until his next speach) - and dax/dow-scalping. having a mix of underlyings could be helpfull, indeed...
Gotta admit to a long term player like me, I think the R/R is good to short and there is some confluence S/R and a fib...

tempting

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  • #384,739
  • Jul 1, 2014 3:05pm Jul 1, 2014 3:05pm
Quoting GlobalMacro
{quote} No not you......you should cut down on the booze, bro. Flat in this market? Uhhh...yup.
took me some time to translate this - no way as long as the world cup is running. prost!
fortis fortuna adiuvat
  • #384,740
  • Jul 1, 2014 3:06pm Jul 1, 2014 3:06pm
Quoting deltaone
{quote} soccer now - good luck to the us-soccer team!
dempsy is good...jurgen klinsman said he doesn't like the referree....
Hear the music before the song is over ...
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