I see, in that case You buy physical gold in gbp. assuming gbp/usd=1.5 you buy 1 ounce = 1600$ worth or gold = GBP 1066 gbp/usd increases to 1.6 gold increases to 2000$/ounce you sell the ounce for 1250GBP or $2000 Purchasing power parity holds. Or ...

Cable Update (GBPUSD)

Yes stopped out ages ago on todays trade. Entire thing BE.

Cable Update (GBPUSD)

Gold Discussion — Okay so heres Gold, ,made awesome pips with this today. As we can see the market rallied like mad on bad US NFP (every number really). UK is already down and Yen is most likely at its peak before which BOJ wont let it go any ...

Supply and Demand trading with Fibs

Got stopped out here. My entry was too hasty but the market still retraced after the bottom at 95.5 for a good 150 pips. -H

Supply and Demand trading with Fibs

This is irrelevant. If you are trading on margin (with leverage) and if gold goes up 10% and your currency devalues 10%, you will still gain because your trade is leveraged and the loss in currency is dollar value. Otherwise no one would even make ...

Cable Update (GBPUSD)

Yes, when you are sleep deprived septic acid starts building up in your brain and your opiate receptors start acting up to counter that. Hence you feel joyful.

james16 Chart Thread

First time I trade gold and I get over 400 pips from the market in just over an hour :s I just got 25% on my acocunt for peanut risk... Now I know what my favourite trading instrument is given my impatience. -H

james16 Chart Thread

My 15 pip target was reached before the NFP. The rest was a BE trade (of course including the 15 pip profit). Still in the game on this trade. US figures were in the bog. UK in double dip recession. Japan dont want yen getting stronger anymore. the ...

Cable Update (GBPUSD)

Small 5 min scalp for +15 pip. Flag break. Possibly going lower in anticipation of the (usually miscalculated by stoned junkies) NFP numbers. lol Best, -H

Cable Update (GBPUSD)

I agree. Buying the euro is not a prudent choice at the moment. But im foreseeing a correction reversal if not now then slightly lower around the 97 level. Given that the BOJ is getting worried about the yen getting stronger and if it keeps going ...

Supply and Demand trading with Fibs

EJ demand zone. Lying on the 97-99 weekly pivot. Bought half position @ 97.77. Limit order for lower level 97.3 for remaining half position. I think it'll go lower before it bounces back up. First target, just under 100. Not much confluence ...

Supply and Demand trading with Fibs

Hi Sid, Im no Dean, but im going to give my 2 cents worth anyway. Seems like you identified a perfect zone but might not have market it out very well which is why as you can see the price reversed just below the zone you marked out. One of the ...

Supply and Demand trading with Fibs

Order Removed.... -H

Supply and Demand trading with Fibs

Yes very sweet. I have a limit order here as well. Price has also lost downward momentum so thats a good sign. Lets hope it reaches the order price. -H

Supply and Demand trading with Fibs

Closed. +100 pips r:r 1:2.5 Best, -H

Supply and Demand trading with Fibs

Been eying this since last week. Beautiful hidden DIV, BRN 0.99, top of TL. + heavy supply zone. No touch trade this time decided to wait for some PA. Entered on break of IB on M15. Taken half off at +30. SL at BE. rest running long term. If my ...

Supply and Demand trading with Fibs

Hantec Markets. They are ECN so I dont know how they could jump the spreads so drastically like that. Fine liquidity has been llow as US was off but this is just unfair ii think....

Supply and Demand trading with Fibs

Stopped out.. Broker increased spread from 2 to 31 within 5 seconds and then back to normal instantly after. -H

Supply and Demand trading with Fibs

WTF?? — I had a sweet trade running, was 35 pip in profit and my broker just stopped me out by increasing the spread from 2 pips to 31 in under 5 seconds. And this is Hantec Markets who claims to be so regulated and no dealing desk ECN crap my ...

james16 Chart Thread

Took half off at +20pips. SL placed at -20 pips. Return if SL is hit: 1:0.25. Letting rest run long term. -H

Supply and Demand trading with Fibs