I'm often wrong, Azim. I just play it day to day, try to capture whatever momentum/trend that may be prevailing.... No bias on direction, so long as it moves.

Cable Update (GBPUSD)

Couldn't agree with you more, AMS. Paul

Cable Update (GBPUSD)

How about the scenario that all of the factors you mention are already well priced in by the market, if perhaps discounted a little too aggressively? Just playing devil's advocate here... I actually think a daily close below 1.50 will open up the ...

Cable Update (GBPUSD)

On a y-o-y basis, deflaiton certainly won't be present at the next inflation report. A weakening currency and higher commodity prices, relative to last year, will see to that. Moving out to the latter part of 2010, with the very high levels of debt ...

Cable Update (GBPUSD)

BAD!!!!! This is just a stop-hunt, Azim! M A N I P U L A T I O N SSHHHH!!! "THEY" ARE OUT THERE!

Cable Update (GBPUSD)

Moreover, in your post you acknowledge the presence of a down-trend, yes? Bearing this in mind and given that you're a scalper, wouldn't it have been easier to scalp in the direction of this trend you spotted?

EURUSD

Completely wrong. And you will blow your account if you continue with this crazy logic of risking 200 pips for a meagre 12 pip gain, I promise you that. The price doesn't have to come back and claim the prize or do anything that you "feel" it ought ...

EURUSD

Just taken a look at your signature. Talk about suicidal trading, friend, you're risking 200 pips on a s/l, purely to gain 12 pips..... That is not scalping. I'm just glad it's only a demo account and not real money.

EURUSD

Even though it's only Monday, this will easily be the post of the week. Well said, Azim....

Cable Update (GBPUSD)

You've got it back to front. Purely in relation to expectations, the figure of 469k is 3k better than the 472k consensus forecast. Also, the figure of 469k is 29k better than the previous weekly figure, as it means less people filed initial ...

EURUSD

Synthetically, with the use of futures contracts, you can easily create a structure where you are short the currencies - either with equal weighting or not - and long XAU.

EURUSD

Not me, Mal.... I made today (trades posted online in real-time and shared with another regular poster this morning via PM), but I don't feel the need to go chest-thumping...

EURUSD

You make some good calls and some bad ones - we all do.... G/L

EURUSD

Don't worry, I'm sure that someone in here will stroke your ego, Mal.

EURUSD

But as a percentage of traders, far more from this board than was necessary would've got badly burnt, no doubt there.

Cable Update (GBPUSD)

True.... And the sad fact is that the vast majority would've been long when the pair collapsed earlier.

Cable Update (GBPUSD)

I closed my previous short - and open a new one with tight stop loss - typical me but GDP data is very good - I know sometimes I am impatience! I, too, sometimes struggle to restrain myself from jumping in too soon.

Cable Update (GBPUSD)

You should take a position on the basis of a data release.... Be careful... EDIT: meant to say, "you should avoid" Back to sleep I go...

Cable Update (GBPUSD)

UK is worse situation compared to the US: - Higher levels of personal debt - Similar levels of public debt currently, but the UK's debt to GDP ratio is expected to surpass that of the US in the coming years - Sterling is not the world's reserve ...

Cable Update (GBPUSD)