is buying GBP/USD at this level a good trade?

Quote from Ivanovich:


I will take luck where luck visits me, however, on calling a nice Sterling rise :)

Which is why I was long sterling. Since open today it's went about 200 pips up.

Cheers.
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This is such a bullshit thread. The person starting this thread is down a couple thousand pips on gbp, while didn't you go long the pound and australian like a few weeks ago? For the yield, you said. Always easy to catch a bounce if you stay long all the way down.
 
Quote from consomme:

This is such a bullshit thread. The person starting this thread is down a couple thousand pips on gbp, while didn't you go long the pound and australian like a few weeks ago? For the yield, you said. Always easy to catch a bounce if you stay long all the way down.
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Look, moron...

Don't call us "bullshit."

Different people trade cable different ways.

You trade it the way you want. Ivanovich trades it the way he wants.

And if I want to have a trade 2000+ pips down it's MY business not yours to call me "bullshit."

If YOU can't handle a trade 2000+ points in the hole that is YOUR problem NOT mine.

Ivanovich entered and is staring at 200-pips profit! I entered and bettered my average.

Most "traders" can't trade, period, no matter how far their trade goes against them OR for them.

If you don't have anything constructive and positive to add, but only rail on the posters on my thread, then BUG off, bozo.
 
You guys are already long from when the pound first took a dive. Now you pat yourselves on the back for supposedly calling this bounce? Bunch of jokers.
 
Quote from consomme:

You guys are already long from when the pound first took a dive. Now you pat yourselves on the back for supposedly calling this bounce? Bunch of jokers.
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It's not the case at all.

You need to read the thead from the beginning to find out what is going on / who is doing what/when, etc.

I, myself, have two completely separate trades going on with cable in two different live trading accounts.

I also have two different trades going on with AUD/USD in two different trading accounts.

Trades and positions are opened and closed in all the accounts ongoing based on various criteria.

I haven't followed precisely what Ivanovich has going apart from his entry where he is now 200-pips in the green but I can tell you this: He is probably the best trader I have seen on these forums.

You have an interest in cable? Are you trading it? Or are you just flaming this thread?

If you are trading it and care to share what you're doing, we're more than happy to all learn and progress together.

Sam
 
Yes I have an interest in fx, that's why I posted. This place is as bad as moneytec with the retrocalls. I was catching up with all the fx threads here and no one owns up to their mistakes.

Go here to see what i mean http://www.elitetrader.com/vb/showthread.php?s=&threadid=36891&perpage=6&pagenumber=647 Someone was expecting the "dollar was due for a correction" on 6/28 and now he's called the bottom? Real swift.

I don't give a rat's ass how you trade your way just have balls to admit your wrong.
 
Quote from consomme:

Yes I have an interest in fx, that's why I posted. This place is as bad as moneytec with the retrocalls. I was catching up with all the fx threads here and no one owns up to their mistakes.

Go here to see what i mean http://www.elitetrader.com/vb/showthread.php?s=&threadid=36891&perpage=6&pagenumber=647 Someone was expecting the "dollar was due for a correction" on 6/28 and now he's called the bottom? Real swift.

I don't give a rat's ass how you trade your way just have balls to admit your wrong.
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First... welcome to ET! :D

Moneytec? Well, comparing these two site may not be fair.

MT is geared more towards first time and beginning traders and professional flamers who have never made a trade in their life.

Not to mention it is run by a complete sociopath who should have his Internet access pulled completely, let alone his site.

ET is different.

As far as I can tell, ET's Forex forum is made up a people of all trading levels, capabilities (or lack thereof) and skills.

Secondly, as you may know, forex is the most complex and difficult market in the world to trade successfully on a consistent basis.

With a $5 stock, you buy some shares, the worst it can do is go 500-tics down.

With forex, typically GBP/USD at 1.7575, you buy some units, it can go 17,575-points down. That's a hell of a big difference. And the "risk zone" is in a whole other ballpark.

Third, about me "admitting" I am "wrong."

Apparently you have not read all my posts.

There are different forums here where all kinds of trading is talked about, from stocks, to options, to futures, to bonds, to forex, you name it, guys trade it here.

On... posts... I have certainly indicated my losses, my screw-ups, my failures, yada yada yada....

I have no problem "admitting" I am "wrong." But I am not often. Nor do I lose enough to even mention.

In fact there's a really good thread I posted on where everyone talks about their trading history.

You can also read my trading journals.

But for you to demand that I call myself "wrong" because I prefer to place my trade over 2000-pips down is presumptious of you.

2000+ points down is where I can **** you up royally IF you can get down there. I have many tactics to engage you in those depths.

Trust me, you don't want to be on the other side of my trade 2000-points down just to have me scalp you for 1000-pts a day.

Why do you think they call me... sKaLpZ.....
 
Quote from consomme:

This is such a bullshit thread. The person starting this thread is down a couple thousand pips on gbp, while didn't you go long the pound and australian like a few weeks ago? For the yield, you said. Always easy to catch a bounce if you stay long all the way down.
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Yep, I was long a couple of weeks ago, and got stopped out. Didn't you ever get stopped out in your life?

So when I saw the ratio of shorts in GBP, I went long again because I think the interest rates argument for the GBP are weak.

You can call it a bullshit thread if you want, but profits are profits to me.
 
Quote from consomme:

Yes I have an interest in fx, that's why I posted. This place is as bad as moneytec with the retrocalls. I was catching up with all the fx threads here and no one owns up to their mistakes.

Go here to see what i mean http://www.elitetrader.com/vb/showthread.php?s=&threadid=36891&perpage=6&pagenumber=647 Someone was expecting the "dollar was due for a correction" on 6/28 and now he's called the bottom? Real swift.

I don't give a rat's ass how you trade your way just have balls to admit your wrong.
More...

I admitted being wrong when sterling hit my stop loss. I admit being wrong every day when my stop loss is hit. That's why we have a stop loss!

What's your mental beef? You just like being pissy in general?
 
Not to fan the flames, but the point is that you never mentioned you were stopped out, so an outside observer reading your original message would assume from their armchair that you were long all the way down.

Quote from Ivanovich:

Yep, I was long a couple of weeks ago, and got stopped out. Didn't you ever get stopped out in your life?

So when I saw the ratio of shorts in GBP, I went long again because I think the interest rates argument for the GBP are weak.

You can call it a bullshit thread if you want, but profits are profits to me.
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