Some words of friendly advice: Please stop trading on a live account, return to demo account (or trade with micro/nano lots) for a period of six months and work out an individual, profitable approach to your trading, rather than come on this ...

Cable Update (GBPUSD)

Great stuff... Markets not going my way in 2010, so far I'm down 2% on the year. But I've had these setbacks in the past and always come good.... All that aside, life is good for me, despite the shit London weather!

Cable Update (GBPUSD)

How are you, BB?

Cable Update (GBPUSD)

Great post, Azim. The best one today, by some considerable distance.

Cable Update (GBPUSD)

It feels like 2008, EO! Bring it on! cheers, Paul

Trade what you see NOT what you expect

Azim, Brilliant news, my friend. The very best of wishes to you, your dear wife and, of course, your new son. I couldn't be happier for you. Paul

The WoRmHoLe

Same here, Alan.... The yields on my stocks are shooting up as we speak! What a day for equities. The capital value is of no concern, as these are long-term investments - unless they move 15% to the upside, in which case they become aggressive ...

Cable Update (GBPUSD)

EY is frustrating, mate. Much like GY, there is a complete lack of trend to trade, with spot moving in an annoying range. For this reason, I'm targetting much smaller gains than is usually the case, which means holding trades for hours and rarely ...

Cable Update (GBPUSD)

Hey Chris, Also been checking in to your thread every day or so... Things are going okay, my friend. I took time off from the middle of December, as the markets were frustrating me no end. I'm back with a passion now! Speak soon, Paul

Cable Update (GBPUSD)

You post seemed to infer that the market believed the US was at greater risk of a downgrade, which you described as a "misconception in the market"... Anyway, you have an easy year ahead. You can just place a short, no stop loss, and come back in ...

Cable Update (GBPUSD)

Great to see you, Azim! I had a poor opening week of 2010, but I am, thankfully, faring much better this week. I've stayed away from cable this week and concentrated on AUDJPY and EURJPY. I've been reading your thread and am happy to see ...

Cable Update (GBPUSD)

I completely disagree with you. Investors see the UK as being far more vulnerable to a credit rating downgrade(s) than the US, which is borne out by the growing divergence in CDS spreads on the debt issued by the two nations.

Cable Update (GBPUSD)

What you describe is being "flat" and is not a "hedge".... A hedge could entail entering a FX option in the pair, or a bond position to strip out the interest rate risk, or an opposing position in either a closely correlated currency pair or another ...

Cable Update (GBPUSD)

I couldn't agree more, my friend.... Some of the predictions I've read here and on other threads, such as EURUSD hitting 0.50, are just numbers plucked wildly from mid-air. They are totally meaningless guesses, not even remotely based on ...

EURUSD

Azim, The best wishes for you and your family over the holiday period and into 2010. Look forward to profitable trading in the new year. Cheers, Paul

The WoRmHoLe

It's going very slowly for me, Azim. I'm taking it easy for the rest of 2009. I've struggled to extract anything from these markets in the past couple of weeks, so I've markedly cut down on the amount, and size, of positions taken. Roll on 2010....

Cable Update (GBPUSD)

That's funny, Azim.

Cable Update (GBPUSD)

Jeezzz....

EURUSD

Great post!

EURUSD

Nice going, Xaron. It's very refreshing to see someone trading with a simple, logical and an effective style as you employ. Paul

$5k to infinite