Hmm cable could be turning up.

Malaysia

Knowing when to stop is the Greatest Victory, as they say some of the best trades are trades not taken.

Malaysia

$550=1pip, then I guess 500000usd in your account should work.

Malaysia

I mean if keep on losing, stop trading bro.

Malaysia

If keep on lising my advice, stop trading bro.

Malaysia

I think in Forex no proper rules, sometimes you dont even know what hit you even after doing so much analysis. My only rule money management. Thats it.

Malaysia

I hate to hedge, I see one guy here Breeze who uses hedging all the way, wonder how he manages them.

Malaysia

I am on holiday now, will go back end of the month, then no time to post.

Malaysia

Great come to USA, I work in Silicone Valley, glad to meet you.

Malaysia

Read the recent IMF report on Australian economy and better still talk to an Australian to see if the economy is that rosy. Just look at China after their Olympics where there will be significant slowdown in growth.

Malaysia

I think you did not understand, I am referring to the FED, they just started the rate cut about 6 months ago, so that is not enough to solve the housing problem yet, give it at least one to two years. Clear. I work in US and right now I am on a ...

Malaysia

Anyway the decoupling theory is not working obviously the slowing US economy is dragging the other economies along with it. Australia looks very vulnerable with high debt, housing market overpriced, rising inflation, so could also show signs of ...

Malaysia

The problem is not bad in UK believe me, but in US the FED knew the housing bubble was going to burst but they were too slow in reacting but the case in UK is not the same. If they had been more proactive then US will be in a better place but I ...

Malaysia

Hi Malaysia I do agree with you on you technical analysis, I use EW and I have a bearisg bias against 2.0025. but based on the current scenario as I said there are a few things affecting the gbp/usd, first as i said in UK the major problem is ...

Malaysia

Can you justify your target for 1.93, look at the sentiment index, momentum is strong for cable and besides the subprime crises UK does not have much problem and cable is still undervalued against USD, so the level 2.00 will be here for sometime

Malaysia

That was not a trade call, that is my opinion, besides a trade call is more like this Buy gbp/usd: 1.9750, stoploss: 1.9600 and tp: 2.00.

Malaysia

I am not an intraday trader like you, i trade longer term and more pips, i find intraday traders get stuck in their trade and end up losing, my cable target 2.04/2.05 as long as 1.9650 is intact, cable dropped and went up to 2.00 again within 24 ...

Malaysia

As long 1.9650 is intact, then gbp/usd is up and i told my target is 2.04 by the end of April or by first week of May.

Malaysia

As I said a few days back gbp/usd going up is more likely than down, yesterday was a good opportunity to long it at 1.97xx area.

Malaysia

Expect another round of equity selling thus yen crosess will go down again.

Malaysia