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Cable Update (GBPUSD)

  • #394,501
  • Aug 22, 2014 8:00am Aug 22, 2014 8:00am
Quoting Ill-b-back
{quote} 12%/year on 100K in a savings account? We can get that kind of money?
LOL... Not at your local bank and certainly not here in the US. But there are commercial accounts that will pay around that if left with them for X amount of time. Give or take a little. But my main point was for 1% a month, there's not much point in trading. Don't ya think?
Ghost Rider - WWTBMD?
  • #394,502
  • Aug 22, 2014 8:02am Aug 22, 2014 8:02am
Quoting pipster1
Took a long entry at 1.65784. at lock profit
Went break even on this trade. Had some slippage on my entry..aka broker screwed me.... will now wait for Yellen to speak before considering another position unless something breaks. However, it is Friday so unless the set-up is spectacular I am sitting things out.

Midrange and Daily PA indicate that this is a good spot for a reversal Long EU and GU. I wouldn't be surprised to see things spike after Yellen talks. But i will let price action dictate the trade. Anything long is still Counter trend for me until we get a HH on the Midrage chart (H1-H4) . Other thing to consider, Draghi speaking later this afternoon. May be set for some Friday afternoon FX fireworks.

Good luck guys.
  • #394,503
  • Aug 22, 2014 8:04am Aug 22, 2014 8:04am
Quoting albchr
{quote} LOL... Not at your local bank and certainly not here in the US. But there are commercial accounts that will pay around that if left with them for X amount of time. Give or take a little. But my main point was for 1% a month, there's not much point in trading. Don't ya think?
What if you had a million dollar account? lol





















million Brazilian dollars...
  • #394,504
  • Aug 22, 2014 8:05am Aug 22, 2014 8:05am
There was actually a long trade on the EU at 1.32610, but there was no trade trigger pattern for me so I missed it.
  • #394,505
  • Aug 22, 2014 8:08am Aug 22, 2014 8:08am
Quoting Ill-b-back
{quote} 12%/year on 100K in a savings account? We can get that kind of money?
In Brasil you can! payout is 10 - 14 % annually...but don't hold a balance on your credit card. The APR is 455%...that is right 455% per year...loan shark type levels
  • #394,506
  • Aug 22, 2014 8:09am Aug 22, 2014 8:09am
Quoting albchr
{quote} LOL... Not at your local bank and certainly not here in the US. But there are commercial accounts that will pay around that if left with them for X amount of time. Give or take a little. But my main point was for 1% a month, there's not much point in trading. Don't ya think?
Yeah I suppose not, If I was in a position where I could afford to put 100K into a shark infested/high stakes/high risk/winner takes all and f..k the rest casino forex account,

$250 a week ain't likely to get me too excited lol....
Come with me if you want to live....
  • #394,507
  • Aug 22, 2014 8:10am Aug 22, 2014 8:10am
Quoting pipster1
{quote} In Brasil you can! payout is 10 - 14 % annually...but don't hold a balance on your credit card. The APR is 455%...that is right 455% per year...loan shark type levels
Wow, had no idea.
  • #394,508
  • Aug 22, 2014 8:11am Aug 22, 2014 8:11am
Quoting albchr
{quote} LOL... Not at your local bank and certainly not here in the US. But there are commercial accounts that will pay around that if left with them for X amount of time. Give or take a little. But my main point was for 1% a month, there's not much point in trading. Don't ya think?
But i am currently on a 7% a month average and i am loving it
The fragrance remains in the hands of those that gves the rose
  • #394,509
  • Aug 22, 2014 8:11am Aug 22, 2014 8:11am
Quoting pipster1
{quote} In Brasil you can! payout is 10 - 14 % annually...but don't hold a balance on your credit card. The APR is 455%...that is right 455% per year...loan shark type levels
Come with me if you want to live....
  • #394,510
  • Aug 22, 2014 8:11am Aug 22, 2014 8:11am
Quoting Ill-b-back
{quote} Yeah I suppose not, If I was in a position where I could afford to put 100K into a shark infested/high stakes/high risk/winner takes all and f..k the rest casino forex account, $250 a week ain't likely to get me too excited lol....
It'd be a nice swap take. ... lol
Ghost Rider - WWTBMD?
  • #394,511
  • Aug 22, 2014 8:13am Aug 22, 2014 8:13am
I should be in the credit card business in Brasil.
  • #394,512
  • Aug 22, 2014 8:13am Aug 22, 2014 8:13am
Quoting calderone
{quote} What if you had a million dollar account? lol million Brazilian dollars...
Mike! Where you been brother? Is that Brazilian dollars? Or nuts? I know which I'd rather have.
Ghost Rider - WWTBMD?
  • #394,513
  • Aug 22, 2014 8:15am Aug 22, 2014 8:15am
Just a smidgent lower I think before any chance of a significant move.
Perhaps to 6920 area

I'm off to bed, a week of teaching rug rats about sport, coaching, relationships and bullying has taken its toll
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDWeekly.png Size: 27 KB
Come with me if you want to live....
  • #394,514
  • Aug 22, 2014 8:17am Aug 22, 2014 8:17am
Quoting albchr
{quote} It'd be a nice swap take. ... lol
he he, just buy Cable, set 'n' forget style....

live off the swaps, I like it
Come with me if you want to live....
  • #394,515
  • Aug 22, 2014 8:18am Aug 22, 2014 8:18am
Quoting okosodo
{quote} But i am currently on a 7% a month average and i am loving it
Nice! ...

It's funny how the conversation in the corner also migrated to this subject this morning. I just wrote there my "center" goal is 10% a month on a 12 month average. My first two years pretty good. I'll see how year 3 turns out next April.
Ghost Rider - WWTBMD?
  • #394,516
  • Aug 22, 2014 8:21am Aug 22, 2014 8:21am
Quoting Ill-b-back
{quote} he he, just buy Cable, set 'n' forget style.... live off the swaps, I like it
That's what so few seem to understand about HDA's position right now. Think that amount per day. Just saying ....
Ghost Rider - WWTBMD?
  • #394,517
  • Aug 22, 2014 8:23am Aug 22, 2014 8:23am
Come on Cable! Get off yer butt!
Ghost Rider - WWTBMD?
  • #394,518
  • Aug 22, 2014 8:24am Aug 22, 2014 8:24am
Quoting albchr
{quote} Mike! Where you been brother? Is that Brazilian dollars? Or nuts? I know which I'd rather have.
LOL brazil nuts are just called nuts in Brazil.

I've been cleaning house(really cleaning house, floors and bathrooms).....and after I cleaned house I found a better broker. lol

Cleaned my charts off and moved back to daily and 4hr stuff. I've done some good scalping but I really think it's better for me not to sit and watch the low tf charts, I get all crazy and start sabotaging my trades (closing early etc). I'm best to set my trade and go do something else for a few hours.
  • #394,519
  • Aug 22, 2014 8:25am Aug 22, 2014 8:25am
Quoting calderone
I should be in the credit card business in Brasil.
LOL .. you'd have quite the collection of fingers by now I'd imagine.
Ghost Rider - WWTBMD?
  • #394,520
  • Aug 22, 2014 8:28am Aug 22, 2014 8:28am
Quoting albchr
{quote} LOL .. you'd have quite the collection of fingers by now I'd imagine.
Yeah, good point. I don't think I would do too well on collections. I'd likely get spanked and sent home.
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