Short GA 1.86146 SL 10 above TP 1.84400
A good trader follows his rules, but great trader knows when to break them
Cable Update (GBPUSD)
- #404,741
- Nov 5, 2014 12:59pm Nov 5, 2014 12:59pm
- Joined Sep 2011 | Status: Trader | 6,363 Posts
- #404,743
- Nov 5, 2014 1:17pm Nov 5, 2014 1:17pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
{quote} This pair has better chance of long than aud/usd. I am long here but probably closing some before NFP just in case spike again
Where price is now, it has been before, and will be again.
- #404,746
- Nov 5, 2014 1:27pm Nov 5, 2014 1:27pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
what this stuff ? 
{quote} You may be right but I'm not sure. You know theres no way AUD should be so weak.They literally have stuff coming out of the ground!Generally the same stuff as the US is trying to sell
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #404,747
- Nov 5, 2014 1:31pm Nov 5, 2014 1:31pm
{quote} You may be right but I'm not sure. You know theres no way AUD should be so weak.They literally have stuff coming out of the ground!Generally the same stuff as the US is trying to sell
Cable is better pair to try longs compared to AUD, because BOE is the only other contestant right now vs Fed who could possibly raise interest rates higher. Plus we all know RBA and RBNZ and the others will never raise for a long time since they have economic downturn....
Generally, the bullish pair are the ones who attract more big money and this usually happens because of the higher probability of interest rates being raised first. Tomorrow MPC minutes coming out, sparks more hope in people too so you can try a small long into the hype... if it sounds hawkish or more people want hikes within the board instead of the usual 2, cable may spark a rally (again).
- #404,750
- Nov 5, 2014 1:42pm Nov 5, 2014 1:42pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
Hello everyone. Been a while but I'm now looking at getting back on this monkey for the ride up.I shorted this back in June/July but dropped a bollock taking all my profit at 1.67x. Lost my way then and went onto some other pairs. I'm now seeing accumulation together with swap to the long side staring to increase.I'm building a position on another couple of pairs so don't want to overload. Anyone else sharing the view?
- #404,754
- Nov 5, 2014 1:48pm Nov 5, 2014 1:48pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #404,756
- Nov 5, 2014 1:59pm Nov 5, 2014 1:59pm
- Joined Sep 2011 | Status: Trader | 6,363 Posts
A good trader follows his rules, but great trader knows when to break them
- #404,757
- Nov 5, 2014 2:21pm Nov 5, 2014 2:21pm
{quote} I see where you're coming from but the swap is just too attractive on AU. My brokers paying my grocery bill at the moment on that pair! LOL!
lmao i know. i ever done this before -> hold aud or nzd losing trades until the swap was more than enough to offset the loss in pips
gbp rates are much lower so we cant afford to do that.
- #404,759
- Edited 5:07pm Nov 5, 2014 3:07pm | Edited 5:07pm
- Joined Sep 2011 | Status: Trader | 6,363 Posts
{quote} and this is GA right... i got in now shld pick a few pips!! what happened to the earlier 1.84400 tp??
Bones reply to my post got me thinking & he right the trend is too strong for this go DOWN that much
A good trader follows his rules, but great trader knows when to break them
- #404,760
- Nov 5, 2014 3:18pm Nov 5, 2014 3:18pm
- | Joined Aug 2009 | Status: Trader | 1,871 Posts
{quote} OUT, Recovered my lost pips & made a few
