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Cable Update (GBPUSD)

  • #426,721
  • Mar 24, 2016 2:12pm Mar 24, 2016 2:12pm
Quoting asgcorp
my trading stats on this new live account nothing to write back home about, DD @ 20% is fine by me since I'm generally trading bigger lots, therefore pip value is higher. I'm looking for 300-400% return/month otherwise it's not worth my time. {image}
Why not put up Trade explorer here or make your account public on myfxbook ?
Losers Hope, Winners Believe
  • #426,722
  • Mar 24, 2016 2:14pm Mar 24, 2016 2:14pm
Quoting Don96
​levels I'm waiting for are 1.41709/1.41475 and then lower in between these two 1.40119 - 1.39853 and then finally 1.3870, the last most ideal as I can have a smaller stop loss, target on most will be 1.47338
If we can get below 1.40506 1.39586 and 1.39182 may be where I start adding longs, do have a few more levels but might not come into play
  • #426,723
  • Mar 24, 2016 2:14pm Mar 24, 2016 2:14pm
Quoting Shiv999
{quote} Why not put up Trade explorer here or make your account public on myfxbook ?
what's the point? I got nothing to proof I did that one time here and that got my account banned and moved into the commercial section after a while ))) So I'd stay in the shadows. A lot of good live account traders actually left FF for that reason.
  • #426,724
  • Mar 24, 2016 2:16pm Mar 24, 2016 2:16pm
Quoting asgcorp
{quote} Don I'm already good boss )) I got an LP corporate account setup with my partner to trade US stocks. This year I'm sitting tight in cash and some bonds, stock markets will crash soon, so we are not invested. That's why I'm trading FX just to pass time, big returns are in stocks, FX is a good deal but it's just a sidekick for me.
Erm, obviously you seem to know your stuff, but I'm pretty sure the biggest returns are in Forex - compared to stocks anyway... in fact compared to anything I can think of :/

Potential returns****
(I also don't know if this is personal to you when you say big returns in stocks)
  • #426,725
  • Mar 24, 2016 2:19pm Mar 24, 2016 2:19pm
That's true but how do you calculate VAR in FX markets? If you got 1 mln USD stock porftofolio you can calculate your VAR easily and hedge appropriately with the put/call options to protect your portfolio from the downside. With FX how do you do that? Alternatively all the US hedge funds would be trading FX not the stocks. ))) However this is not the case currently.
  • #426,726
  • Mar 24, 2016 2:20pm Mar 24, 2016 2:20pm
Quoting asgcorp
{quote} what's the point? I got nothing to proof I did that one time here and that got my account banned and moved into the commercial section after a while ))) So I'd stay in the shadows. A lot of good live account traders actually left FF for that reason.
Hmmm... how about myfxbook ?
Losers Hope, Winners Believe
  • #426,727
  • Mar 24, 2016 2:23pm Mar 24, 2016 2:23pm
Quoting asgcorp
That's true but how do you calculate VAR in FX markets? If you got 1 mln USD stock porftofolio you can calculate your VAR easily and hedge appropriately with the put/call options to protect your portfolio from the downside. With FX how do you do that? Alternatively all the US hedge funds would be trading FX not the stocks. ))) However this is not the case currently.
​I don't trade stocks personally, but the figures in FX outweigh everything significantly... 1 million USD FX account just trade 1% risk with guaranteed stop... if you have good entries you can achieve 1:3 minimum RR, stocks also have tax attached... (I'm from UK btw)

Also I'm not having a dig at you, just debating
  • #426,728
  • Mar 24, 2016 2:23pm Mar 24, 2016 2:23pm
Quoting Shiv999
{quote} Hmmm... how about myfxbook ?
I started a thread and will post live GU trades as I take them so you'd be able to tell pretty fast if I'm full of BS or onto it. I'll update myfxbook stats as we go.
  • #426,729
  • Mar 24, 2016 2:26pm Mar 24, 2016 2:26pm
Quoting asgcorp
That's true but how do you calculate VAR in FX markets? If you got 1 mln USD stock porftofolio you can calculate your VAR easily and hedge appropriately with the put/call options to protect your portfolio from the downside. With FX how do you do that? Alternatively all the US hedge funds would be trading FX not the stocks. ))) However this is not the case currently.
​Also does that mean you make more than 300% a month from stock markets? I'm just struggling to see why you would invest more of your time/money in stocks when you are making 300% from forex...
  • #426,730
  • Mar 24, 2016 2:27pm Mar 24, 2016 2:27pm
right now my take on GU is that we got right into the heavy supply zone and GU will get sold here pushed lower into 3960.
H4 closing confirm required. Yes, GU is still a BUY/LONG trade, but we didn't reach the bottom yet! The double bottom is fake.
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  • #426,731
  • Mar 24, 2016 2:27pm Mar 24, 2016 2:27pm
Quoting asgcorp
{quote} I started a thread and will post live GU trades as I take them so you'd be able to tell pretty fast if I'm full of BS or onto it. I'll update myfxbook stats as we go.
Don't get me wrong but it's just that it gives a good feeling to read someone's post who has got something to back their claims up...

Look forward to it.. Good Luck
Losers Hope, Winners Believe
  • #426,732
  • Mar 24, 2016 2:28pm Mar 24, 2016 2:28pm
Quoting Don96
{quote} ​Also does that mean you make more than 300% a month from stock markets? I'm just struggling to see why you would invest more of your time/money in stocks when you are making 300% from forex...
trade both with 1 mln USD account and get back to me ))) Also if you got a concept of what var means you'd be able to see things proper.
  • #426,733
  • Mar 24, 2016 2:29pm Mar 24, 2016 2:29pm
Quoting Shiv999
{quote} Don't get me wrong but it's just that it gives a good feeling to read someone's post who has got something to back their claims up... Look forward to it.. Good Luck
ok I'll post frequent updates, I'm not here to BS nobody that's for sure.
  • #426,734
  • Mar 24, 2016 2:34pm Mar 24, 2016 2:34pm
Quoting asgcorp
{quote} trade both with 1 mln USD account and get back to me ))) Also if you got a concept of what var means you'd be able to see things proper.
​perhaps I would, but I'm puzzled as to how you make more with a 1mil account in stocks than in forex... I also see you lost 16k or so in a short amount of time on that account... 1 more like that and your below your deposit and your mind-set completely changes. I'm not trying to fault you or anything but I'm just pointing out what I see
  • #426,735
  • Mar 24, 2016 2:35pm Mar 24, 2016 2:35pm
Quoting asgcorp
{quote} trade both with 1 mln USD account and get back to me ))) Also if you got a concept of what var means you'd be able to see things proper.
You want to offer the 2 mil and ill get things going?
  • #426,736
  • Mar 24, 2016 2:35pm Mar 24, 2016 2:35pm
ok someone might say oh wow why the **** are you selling into a strong bull market / double bottom, well look at the chart below, price hit 50% FIB and is getting rejected now. This is a continuation pattern guys. 3960 is on. unless I see something unvelievable soon.
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  • #426,737
  • Mar 24, 2016 2:36pm Mar 24, 2016 2:36pm
Quoting Don96
{quote} You want to offer the 2 mil and ill get things going?
I offer some experience and I hope with it you will find some value. That's all I got to offer.
  • #426,738
  • Mar 24, 2016 2:38pm Mar 24, 2016 2:38pm
Quoting Don96
{quote} ​it and your mind-set completely changes
nothing can mess with my mindset I'm detached 100% otherwise you can't trade live. Are you trading live Don?
  • #426,739
  • Mar 24, 2016 2:40pm Mar 24, 2016 2:40pm
Quoting asgcorp
{quote} nothing can mess with my mindset I'm detached 100% otherwise you can't trade live. Are you trading live Don?
​I am and okay then you must be fine with losing 10k in a day and 42k in a week... for me I wouldn't be so Ok with that.
  • #426,740
  • Mar 24, 2016 2:44pm Mar 24, 2016 2:44pm
recent GU H4 example. Double bottoms are not so hot I guess? Don't get too hyped out with the current DB setup in GU.
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