I'm waiting. My earlier tight short was stopped - SL did it's job though; no much losses. The other low, low short is still live and hopefully would soon kiss and embrace the plunging PA. Their reunion would be short-lived when I then make an ...

Aussie Trading Room and Cartoons Gallery

Would have thought this ranging would give one way or the other, shortly after London close.

Aussie Trading Room and Cartoons Gallery

I agree. However, "no news is bad news except the last news(Retail sales; Public Sector Net Borrowing) was good news".

Cable Update (GBPUSD)

Which, BTW, is the basis (the shorts vs longs hedging on one currency pair) with which I have invested the last one month of my time attempting to invent a kind of trading system - to no avail so far. I suspect most traders would have tinkered with ...

Aussie Trading Room and Cartoons Gallery

And stupidly didn't enter stop losses. This is the mind-set problem with overleveraging: any stop-out seems at the time a huge loss (due to the over leverage effect particularly with mini-account sizes such as this one), so the tendency is for me to ...

Aussie Trading Room and Cartoons Gallery

Keeping my fingers crossed. Disclosure: I never learn. I really overleveraged on my earlier low, low, shorts.

Aussie Trading Room and Cartoons Gallery

Just placed a short at the top of this mini-range to average up my earlier low shorts - with a very tight SL though. Along the lines of our reasoning.

Aussie Trading Room and Cartoons Gallery

I'm glued to my seat. Interestingly the earlier pullback Mr Scott's chart depicts did a 100% retracement but I reckon this was aided by the sell0ff on the fear of an Aussie rate-cut in particular.

Aussie Trading Room and Cartoons Gallery

Exactly why my need to be mindful of how low her retracement can go - Thanks.

Aussie Trading Room and Cartoons Gallery

Mr Scott's chart shows the fib retracement for the previous downtrend of last month. Fib retracement levels for the current upswing is what will determine possible pullback levels, isn't it Disclosure: I'm underwater with shorts way low. image

Aussie Trading Room and Cartoons Gallery

On the contrary, It is I in need of your mental fortiitude

Cable Update (GBPUSD)

Hello DB. Like how many pips pullback from where you shorted do you think is in the cards? Thanks.

Aussie Trading Room and Cartoons Gallery

Your obvious sense of humour excluded you from that apology to begin with.

Cable Update (GBPUSD)

I sincerely apologize if this was insensitive or offensive to some.

Cable Update (GBPUSD)

I begin to wonder - could a Trader become better skilled; more emotionally in check, after a frontal Lobectomy?

Cable Update (GBPUSD)

Ultimately I'll wait for London to show the way, though.

Cable Update (GBPUSD)

... Aint you ever upgrading to outpatient status, BTW?

Cable Update (GBPUSD)

Quantitative Easing, Rate Cuts and the inevitable Ratings downgrade - all in my radar inside 6 months.

Cable Update (GBPUSD)

The never-ending Euro drama as well as it's own intrinsic issues, almost guarantees its demise as the leading currency in terms of unit value.

Cable Update (GBPUSD)

I think the great Pound is actually now in the throws of death...

Cable Update (GBPUSD)