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TauTrader replied Aug 23, 2013Sir Fx, I travelled most of the day and was out of town since 07h00 this morning - only got back to my home office now. I only have 2 trades that I am stuck in - long AU and short USD/CAD - but these I will probably be in for the next few weeks. ...
Cable Update (GBPUSD)
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TauTrader replied Aug 22, 2013Good day to you, HDA Excellent that you take the time to post your thought process in detail. Much respect. All success to you
RegardsUSD/CAD
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TauTrader replied Aug 22, 2013Sir - forex is a strange animal. BUT - your approach is good. Work it within your comfort zone. So - we have potential upside to 1.07xx and potential downside to 1.018x. She could turn here and do 1.018x first before working back to 1.07xx. Who ...
USD/CAD
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TauTrader replied Aug 22, 2013good day, USD-Bear Do not dispair. Will be pushing for 1.0710 - then down to 1.0180. Regards
EURUSD
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TauTrader replied Aug 22, 2013bought here against my rules. May be patience is a problem down here in Cape Town...long @ 1.5579
Off to make some dinner for the wife and kids... RegardsCable Update (GBPUSD)
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TauTrader replied Aug 22, 2013good day to you, sir We may be in for lower first - but target remains 0.9284 - building, building, building regards
AUD/USD
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TauTrader replied Aug 22, 2013Yip - 1.53510 is open as a possible target lower down. It just seems too easy. 3 out of 4 retail traders are short GU. Market is giving away money left right and centre as we speak. This cannot be the end of it... Bear trap? Regards
Cable Update (GBPUSD)
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TauTrader replied Aug 22, 2013the level I posted yesterday as the downward target. Was resistance.Now support. Could fail instantly to open up the next level down, but could also serve as springboard higher. Just contemplating scenarios... Nothing serious Regards
Cable Update (GBPUSD)
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TauTrader replied Aug 22, 2013good day to you, ForexRatVN do not be too surprised if we see a new high in the next few days... I'm waiting higher to short - cannot do it from these levels. If I miss out - so be it. All the best
Cable Update (GBPUSD)
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TauTrader replied Aug 22, 2013Good day to you, entered short here @ 1.0505, but expecting as high as 1.070 - so building the short slowly. Target now back down to 1.0180 Regards
USD/CAD
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TauTrader replied Aug 22, 2013Good day, We do have a little bit of negative correlation between USD/CAD and AUD/USD - something to the tune of 70% over the past 20 months ( on average). I think USD/CAD is gunning for 1.07 - so 200 pips to go. This is keeping AUD depressed. The ...
AUD/USD
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TauTrader replied Aug 22, 2013Sir RA, I know what you meant.. (f*ck - I hope I know).. We need to have fun too.
regardsCable Update (GBPUSD)
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TauTrader replied Aug 22, 2013Good day to you, D Got it. Thank you for entertaining my question. Appreciated. May you prosper regards
Cable Update (GBPUSD)
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TauTrader replied Aug 22, 2013good day to you, Red Alert.. OK - now I understand why you take the opposite of what I post.
Hmmm.. RegardsCable Update (GBPUSD)
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TauTrader replied Aug 22, 2013Mr.D, I trade in similar fashion. Davit I know trades the same. I assume you place equal sized entries as you build these multiples? Or do you increase position size at a predetermined and planned ratio? Regards
Cable Update (GBPUSD)
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TauTrader replied Aug 22, 2013Good day to you, Nav It is an important demo account. I do have a small live that I trade. I have posted this a few times. It is my holiday money. I attempt to make enough through the year to pay for 10 days vacation every year. Free of charge - so ...
Cable Update (GBPUSD)
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TauTrader replied Aug 22, 2013Mr.D - I'm not so sure... I'm not very bright.. so I'm trying to figure out where we are. I am in no GU trade at present, as I only allow myself to short for now - but we are too low for my liking.. Will have to see..

Cable Update (GBPUSD)
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TauTrader replied Aug 22, 2013Good day, Arrived quite quickly. Watching the above mentioned level. Next key area down will be 1.54860. But 1.5576 may call it back - even hold it in the end. To the upside - 1.5683 again. Trade well
Cable Update (GBPUSD)