Search results

Really don't understand this comment. How do you define a bank? Of course it is not a bank the size of Citibank, Goldmans or RBS etc but it is a bank. It has a decent amount of capital and is fully regulated as a bank. Furthermore if it ever went bankrupt, as it is a bank, then all depositors...

That isn't a possible reason - it is the reason. As I said cable is a great currency to trade at the moment - reacts to all data in a very big way.

In the past I have slated Global because of certain things he has claimed. However I don't really think it is justified to have a go at him in this instance and if he wants to sometimes put up a trade recommendation then good for him. If he proves to be reliable then that is a useful service (as...

The main issue I have with Global is the insistence that FXCM is a good broker. In my view anyone who believe this either has ulterior motives or does not understand the markets.

I can't be bothered to go though your inaccuracies line by line but this one sentence makes my point for me, far better than I could have done myself. Good luck with your trading.

I have had serious reservations about Global in the past and would not dream of using his services. However the guy who has posted the last two pices does not appear to have a clue. If you think you can gain trade seriously by using free news services or watching the TV then you are very naive...

Where I work we have a pool table. Whenever I can tell I am getting restless and am about to trade against my plan (and just for the sake of it, in reality) I play pool. It works for me!

Chinook, I am not teling you how to trade because that would be foolish and anyway you may be the best trader in the world (and I could be the worst). I can only tell you what suits my personality and what hopefully works for me. If I try to scalp for a few pips here and there I know I am...

I was quoting figures for the euro gbp cross not euro dollar.

In the longer term the key range now looks 1.2310 to 1.2070. Look at the one year daily - I suspect that this consolidation over the last few months will end when that range breaks over a close.

Partially agreed! The euro dollar is obviously stuck in a 4 big figure range that is frustrating but does mean when it is broken then we should get a nice big 4-5 big figure trending move. However intra day we are still getting plenty of days when the range is 100 -200 pips - that is...

I am certainly not defending Global and his company as I have reservations about how they operate. The main one being that they rely on FXCM who without doubt are the worst firm that myself, and many others I know, have come across. However I think a few things in this thread paint an...

I have another rule to add to yesterday's plan. I never average a loss. It is far too risky. My temperement makes scalping for a few pips a poor strategy. I usually end up 'winning' for say 10 trades in a row then losing more than I have made in the last one. That is not to say I never take...

I am still short at 24 but only in small - have a stop at 45.

European - based in London. Sterling had rallied a bit this am and then had very strong figures at 9.30 our time that gave it the kick it needed. I havent dealt for nearly 4 hours now though! Have a small sell order out in euro at 1.2125 spot not futures price. Will see....

Been a good day here - £ has been nice and active. Euro dollar so boring - hopefully can break 1.2135 and it might liven things up

To be honest everyone is different and length of experience isnt always a guide to the person who can give the best advice. There is a guy at my firm who is 21 and was the IT person 2 years ago. His size in futures is huge and he has £150k months. To me the key when you know you are finding...

I trade full time and to be honest couldn't do it anyother way. I only tend to do 0-5 trades a day as well. Had a great August but so far this month found it very tough (although not down) but I would have earnt more stacking shelves! Lost today but to be honest quite happpy it was just...

If I could summarise how I trade in 4 lines. Always have orders out through numbers - stops not guaranteed but have a good relationship with broker and get very good fills. The second a figure comes out I take a position. If it fails to move the way I would expect it to I either close it...

Without being picky they did not. The employment rate was in line at 2.7%(but is always ignored in the UK). The 2 big numbers were average earnings that was 3.7% cf forecast of 4.3% and the unemployment numbers which was forecast down 10k and was down 6k. The only figure out of line...