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Cable Update (GBPUSD)

  • #397,541
  • Sep 8, 2014 5:31pm Sep 8, 2014 5:31pm
Quoting navk
{quote} Hey Jai, I read that, the Author has just complicated it. He tried to put too many things in Trader's mind and I could read, you took it as it is. He scared Traders and not advice at all. Follow simple rules as I said. Simplicity pays more. Try to find out a system or take a trade which will give you 10 pips a day constantly with out loss. You will have in your pocket 200 k after week 50.
Problem with 10 pips a day forever, is the position size needs to be big, if you expect to see 200k at week 50.
So how does one handle the DD with huge position sizing? or if you run 10p SL,you get stopped most of the time.
Not so easy in practice. Many have tried this, think there was a thread somewhere.. 10pips a day for life..
  • #397,542
  • Sep 8, 2014 5:37pm Sep 8, 2014 5:37pm
hi chris again:
"i traded what i thought, not what i saw"
this was the fault
a daytrader closes all positions at the end of the day. don´t know what others do, this is a law to me. and i´m a daytrader for sure, non the less i have a bias and try to scalp in the direction of this, risk- averse as i am. anyway, not having a stop-loss is just gambling to me. i can imagine things more funny (gambling) than betting on pa. maybe this is because i use high leveraged trading?

all the best
d1
fortis fortuna adiuvat
  • #397,543
  • Sep 8, 2014 5:38pm Sep 8, 2014 5:38pm
Quoting GlobalMacro
{quote} lol, yeah mine she wanted me home on friday early so I had to close my shorts and missed 200 odd pips additional follow-thru but what can I say she's my biggest TP. anyways I think there was something to the 1.6635 option a week or so ago - not the way you expected - but I still think that level was significant ... It was almost the high of the current selloff. Do you see any options expiries after Tuesday ?
@GlobalMacro:

That 1.6635 was significant

Tell your wife, she just missed a holiday in Venice because she rushed you home.

There are options after tuesday, but it is best to wait on the daily update.

Warm Regards

HDA
  • #397,544
  • Sep 8, 2014 5:38pm Sep 8, 2014 5:38pm
Quoting deltaone
{quote} hi GM, extended weekend for you? cons so you are looking at oe as HDA (eventually does), too? if so, i interpret the figures above like this: bulls will try to move it at maximum at 1,6165 - but there will be important news release and a carney speach... i have a cable-short bias and will try to scalp in the direction of this. but as always "trade what i see" all the best d1
Hi D1,

I don't look at them D , I trade them , in fact I trade more options than spot.
There was some heavy puts in the market a bit higher than 1.6165. Overall impl. vols rising across the board.
Outta here for now
Hear the music before the song is over ...
  • #397,545
  • Sep 8, 2014 5:39pm Sep 8, 2014 5:39pm
short From 6185 with SL @6200 worked perfectly .
target of breaking 6100 done .
Congrats for those who followed my plan today . Green pips

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Get Rich or Die Tryin
  • #397,546
  • Sep 8, 2014 5:39pm Sep 8, 2014 5:39pm
well what can I say ill always be shocked at the goodness of you guys hearts when he's clearly laughing his head off ,to still be called a position trader ,

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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #397,547
  • Sep 8, 2014 5:41pm Sep 8, 2014 5:41pm
Quoting 2012mysterio
or if you run 10p SL,you get stopped most of the time. Not so easy in practice.
With tight SLs, its all about timing...to know what hours cause the biggest spikes and create tops or bottoms. Then those can be used as SLs...I longed cable last week at 6389, bottom at that time was 6386, so my SL was 5 pips. As we know, cable continued its drop...if I stayed in, I would be in a 300 pip drawdown right now and had sleepless nights...instead I lost 5 pips. I will always prefer 5-15 pip SLs and even if I was taken out half the time(I think I'm taken out 40% of the time). Still worth it...
Everyone can see the chart, but only a few can actually read it.
  • #397,548
  • Sep 8, 2014 5:45pm Sep 8, 2014 5:45pm
Quoting HDA
{quote} @GlobalMacro: That 1.6635 was significant Tell your wife, she just missed a holiday in Venice because she rushed you home. There are options after tuesday, but it is best to wait on the daily update. Warm Regards HDA
I tried.... she said: //I don't care// ...
Anyways tomorrow Carneval's in cable town. Have a good one.
Hear the music before the song is over ...
  • #397,549
  • Sep 8, 2014 5:54pm Sep 8, 2014 5:54pm
Quoting Bones
well 400 pips in one week one trade take the rest of month off sounds better , meet hda down the beach {quote}
LOL. It is up to you where you want to meet.

I shall meet you too but slowly and surely Friend some time next year.
Intraday only.
  • #397,550
  • Sep 8, 2014 5:54pm Sep 8, 2014 5:54pm
Quoting GlobalMacro
{quote} Hi D1, I don't look at them D , I trade them , in fact I trade more options than spot. There was some heavy puts in the market a bit higher than 1.6165. Overall impl. vols rising across the board. Outta here for now
i see. excuse my questions:
fx is mostly traded via otc, where do you get this oe from? is that source reliable? and in relation to this: are these oe not relatively small in comparison to the traded value?
fortis fortuna adiuvat
  • #397,551
  • Sep 8, 2014 5:55pm Sep 8, 2014 5:55pm
Quoting hollowhead
{quote} I can't help feeling this is part of the position trader's plan. If you have an account big enough, and you know price will come back eventually, and you have the patience and don't need the cash, then just sitting on the trade and collecting the swaps is not a bad strategy. HDA has hinted that swaps are a part of his trading. For me, I went long, I got out, I lost some money. The thing I battle with is not the going long, but closing the 19 short positions I had from the top. But I can't and won't dwell on it. Like Chris I went wrong because...
Good post Hollowhead.
  • #397,552
  • Sep 8, 2014 5:57pm Sep 8, 2014 5:57pm
Quoting GlobalMacro
{quote} I tried.... she said: //I don't care// ... Anyways tomorrow Carneval's in cable town. Have a good one.
@GlobalMacro:

I hope she didn't threaten you like this


Inserted Video



Warm regards,

HDA
  • #397,553
  • Sep 8, 2014 5:57pm Sep 8, 2014 5:57pm
Quoting 2012mysterio
{quote} Problem with 10 pips a day forever, is the position size needs to be big, if you expect to see 200k at week 50. So how does one handle the DD with huge position sizing? or if you run 10p SL,you get stopped most of the time. Not so easy in practice. Many have tried this, think there was a thread somewhere.. 10pips a day for life..
Take trade only when there is, taking sometimes some trades, some pair, some direction will not help.
Intraday only.
  • #397,554
  • Sep 8, 2014 6:19pm Sep 8, 2014 6:19pm
Quoting Hickson
{quote} I am also not happy to say that, but I am glad that some people here also keep their eyes open and I am not alone with my observations ...
"Very good trader! The forum needs more of your quality input!" (hicksons shout on HDA) hü hott?
good fight, good night
fortis fortuna adiuvat
  • #397,555
  • Sep 8, 2014 6:23pm Sep 8, 2014 6:23pm
Quoting Bones
well what can I say ill always be shocked at the goodness of you guys hearts when he's clearly laughing his head off ,to still be called a position trader , {image}
LOL... you're funny Tony.
Ghost Rider - WWTBMD?
  • #397,556
  • Sep 8, 2014 6:26pm Sep 8, 2014 6:26pm
Quoting deltaone
{quote} "Very good trader! The forum needs more of your quality input!" (hicksons shout on HDA) hü hott? good fight, good night
.. Good night Chris
Ghost Rider - WWTBMD?
  • #397,557
  • Sep 8, 2014 6:31pm Sep 8, 2014 6:31pm
Quoting albchr
{quote} .. Good night Chris
same to you, chris

cu soon
fortis fortuna adiuvat
  • #397,558
  • Sep 8, 2014 8:08pm Sep 8, 2014 8:08pm
Quoting OnlineAddict
{quote} All the way down from 1.3990, EU doesn't retest the breaks, so this is easy trading, pending short under the last low, 10 pip SL and it should be good to go. Once 2920 breaks, it may not look back, then 2860-80, maybe, just maybe back 2899 and then all the way down to 2830, up to 2850 and below 2800. Unless some major change happens next week, but until retail has long thoughts and people keep longing this in the hope of a reversal, this will keep dropping just as fast as until now.
Looks like nothing changed in last week's view.
Everyone can see the chart, but only a few can actually read it.
  • #397,559
  • Sep 8, 2014 8:22pm Sep 8, 2014 8:22pm
Quoting HDA
{quote} I have been entertaining my wife with the HDA banter {quote} @GlobalMacro: All your numbers are correct. The Options Calender is updated every weekday between 9:29am eastern and 10:29am eastern Warm regards, HDA
hope u good bro..we just passing time
  • #397,560
  • Sep 8, 2014 9:22pm Sep 8, 2014 9:22pm
Quoting navk
{quote} Take trade only when there is, taking sometimes some trades, some pair, some direction will not help.
Hi Navk, yes, even if one is picking trades that move in your direction most of the time, many times you may have trades that first move 20-30 or more pips away from you first. So my question was where is your SL, and what is your win ratio of trades.. anyway, if you can get 10 pips a day forever and your account is growing big, by all means, continue and good luck!
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