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Cable Update (GBPUSD)

  • #395,661
  • Sep 1, 2014 5:10am Sep 1, 2014 5:10am
Quoting HDA
{quote} @Carlicus: Please read between the lines. I was trying to put it as delicately as posible. The long at 1.6735 is no more and as it relates to average price, that is relative. Please remember you can add lower but by how much, double, triple, or the same as your first entry. It's all relative. Take for example Forex Factory Memeber TauTrader - his trading style is to double up and triple up when it goes against him - that is a no no - his has literally wiped out his demo account that he grew to US$300,000.00 plus His account now stands at...
Quoting albchr
{quote} No my friend. What HDA is quite correctly referring to is a buy I took at 1.67340 that I bailed on at 1.67290 for a small loss. I saw an opportunity to take some shorts to a better level for buying. Which I did. And then loaded the 4 longs I hold now. {image}
I'm sorry folks, I didn't understand the meaning of "bail on" on HDA's post, but now I do understand it means to "abandon" a position, right?. I'm sorry again for the language barrier, thanks for your clarifications
  • #395,662
  • Sep 1, 2014 5:12am Sep 1, 2014 5:12am
Quoting Carlicus
{quote} {quote} I'm sorry folks, I didn't understand the meaning of "bail on" on HDA's post, but now I do understand it means to "abandon" a position, right?. I'm sorry again for the language barrier, thanks for your clarifications
@Carlicus:



HDA OUT
  • #395,663
  • Sep 1, 2014 5:13am Sep 1, 2014 5:13am
Quoting Carlicus
{quote} I do not take it as a competition exactly, but it is undeniable you have a much better average entry price than me Being a bit competitive respecting others and praising their entries I think it is actually healthy!
Understood my friend and in that context, thank you for your praise. I do get lucky from time to time.

The current 4 longs I hold. Scaled in of course.
Attached Image
Ghost Rider - WWTBMD?
  • #395,664
  • Sep 1, 2014 5:13am Sep 1, 2014 5:13am
Quoting Carlicus
{quote} {quote} I'm sorry folks, I didn't understand the meaning of "bail on" on HDA's post, but now I do understand it means to "abandon" a position, right?. I'm sorry again for the language barrier, thanks for your clarifications
Ghost Rider - WWTBMD?
  • #395,665
  • Sep 1, 2014 5:27am Sep 1, 2014 5:27am
Well I think that's about all the excitement we'll see for today. As today is our US holiday, I'm going to ..... Holiday and go see my Mom.

Some levels to consider.
Attached Image (click to enlarge)
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Enjoy the day folks.

Ghost Rider Out
Ghost Rider - WWTBMD?
  • #395,666
  • Sep 1, 2014 5:29am Sep 1, 2014 5:29am
simple break and retest of last week's high - taking a long for 660 area

GU H4
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  • #395,667
  • Sep 1, 2014 5:45am Sep 1, 2014 5:45am
Quoting HDA
{quote} @Anti_Losses: If you trade over 25yards a month there is no commission. You can also bargain what commission you pay, based on how much and how often you trade. also If you are smart enough, based on how your order's are filled, you can end up not paying any commission any at all HDA OUT
Doable base on institutional account trading less than 25yards per month or on current those in the market maker platform?!?!
  • #395,668
  • Sep 1, 2014 5:49am Sep 1, 2014 5:49am
Quoting kweiss10
{quote} 25 yards a month? Sounds like Buffet or Soros standard. Are one of them HDA? hehehe
I guess with capital like about $50mil to $100mil is doable if talking about safe limits.
  • #395,669
  • Sep 1, 2014 6:02am Sep 1, 2014 6:02am
Quoting chazzle
simple break and retest of last week's high - taking a long for 660 area GU H4 {image}
Trade confirmation
On 01-Sep-2014 at 10:57:55 (GMT)
You bought 2 GBPUSD @ 1.66151 for value date 03-Sep-2014
Front office position id: 141100625
Account: 5589929
  • #395,670
  • Sep 1, 2014 6:06am Sep 1, 2014 6:06am
Quoting Bones
an institutional account would never apply to you ? please advise HDA ? please tell us the purpose of such an account {quote}
I would like to see if the info is something similar that I see in stocks.

False support on "lots of orders queuing to buy" or false resistance "lots of orders queuing to sell" when I was trading stocks.
They like to queue and cancel and re-queue the orders so that it is always the "victims" who are buying or selling cos their fake orders will always be at the back of the queue. The "victims" are helping them to clear what they have or supplying the stocks to these big players.

Scenario of "asking" ppl to buy at ask price and queue to buy at bid.
Buy (Bid), 10,000,000 (9mil of this queue is the big fish)
Sell (ask), 4,000,000 (2mil of this queue is the big fish)

so each time enough ppl queue at bid price, the big fish will shift their bid orders to the back of the queue. But their queue to sell will remain so that buyers will help to clear their stocks.

The other scenario is if they want ppl to sell to them, they do the reverse.
  • #395,671
  • Sep 1, 2014 6:56am Sep 1, 2014 6:56am
Anything is possible with BoH account .......

But not real account .......
  • #395,672
  • Sep 1, 2014 7:09am Sep 1, 2014 7:09am
Quoting Ken A
Anything is possible with BoH account ....... But not real account .......
BoH.... what do you mean?...
  • #395,673
  • Sep 1, 2014 7:11am Sep 1, 2014 7:11am
Quoting Red Alert
{quote} BoH.... what do you mean?...
Bank Of Hell .........
  • #395,674
  • Sep 1, 2014 7:25am Sep 1, 2014 7:25am
Quoting Ken A
{quote} Bank Of Hell .........
, I see I see........
  • #395,675
  • Sep 1, 2014 7:47am Sep 1, 2014 7:47am
Quoting Ken A
Anything is possible with BoH account ....... But not real account .......
hehe ... the BoH part was easy. I think the more appropriate question is, What is the implication?

Hope all is well Ken.
Ghost Rider - WWTBMD?
  • #395,676
  • Sep 1, 2014 7:54am Sep 1, 2014 7:54am
Sorry, off-topic for most in here but bugging me that I can't find the answer :-)
Forex is a learning/experimenting area for me.

OPTIONS:

Options on futures & equities are "traditional" options so the strike is only important @ the expiration on the option so makes no difference if price crosses the strike price prior to expiration.

"Spot" options are "touch" activated so if price even touches the strike price at any time prior to expiration, then makes no difference what happens the remaining time prior to expiration. So a S/R area created because of the option will be voided if the strike is touched.

I know there's several other types of options (binary, one-touch spot, two-touch spot, etc.....) but I'm trying to figure out which type are used for the majority of spot forex which is being used by the big players. So when I see there's $600 million @ 1.32 strike price on EU set to expire @ 10AM, are those options "traditional" or "spot"? To me it makes a big difference which type they are so if anyone knows the answer or where I can get the information, I'd appreciate any information.

"Thanks!" in advance.

  • #395,677
  • Sep 1, 2014 8:17am Sep 1, 2014 8:17am
Quoting srt
Sorry, off-topic for most in here but bugging me that I can't find the answer :-) Forex is a learning/experimenting area for me. OPTIONS: Options on futures & equities are "traditional" options so the strike is only important @ the expiration on the option so makes no difference if price crosses the strike price prior to expiration. "Spot" options are "touch" activated so if price even touches the strike price at any time prior to expiration, then makes no difference what happens the remaining time prior to expiration. So a S/R area created because...
Good morning srt

I too have been looking a little (although time hasn't allowed much digging yet). This may be far less than you already know so forgive me if so. But I've only started here. I'm sure HDA and others could answer more quickly and in depth.

http://www.investopedia.com/articles.../04/101304.asp
Ghost Rider - WWTBMD?
  • #395,678
  • Sep 1, 2014 8:17am Sep 1, 2014 8:17am
Today is a total snoozer, typical US Bank holiday.

Unless things pop soon, I will check back tomorrow
  • #395,679
  • Sep 1, 2014 8:23am Sep 1, 2014 8:23am
Quoting albchr
{quote} Good morning srt I too have been looking a little (although time hasn't allowed much digging yet). This may be far less than you already know so forgive me if so. But I've only started here. I'm sure HDA and others could answer more quickly and in depth. http://www.investopedia.com/articles.../04/101304.asp
GM Chris :-)

Yes, that's one of the searches I came up with too this weekend but it doesn't really tell me what is being used by the "big boys". That's what I'm looking for. That article though is probably the best one describing the difference between the types of options. The article does say "The most common is the traditional call/put option" which would be "traditional" but I'm not sure they're referring to most common amongst retailers or institutions/banks.


Thanks
  • #395,680
  • Sep 1, 2014 8:27am Sep 1, 2014 8:27am
Quoting srt
{quote} GM Chris :-) Yes, that's one of the searches I came up with too this weekend but it doesn't really tell me what is being used by the "big boys". That's what I'm looking for. That article though is probably the best one describing the difference between the types of options. Thanks
Figured as much. I'm probably 100% wrong but, I would think unless we were one of the "big boys", that information would be pretty tough to come by?
Ghost Rider - WWTBMD?
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