Comments on: Cable: Building a small long-term long position for 1.75+ https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/ The Professional Source Sun, 23 Jun 2013 20:51:43 +0000 hourly 1 By: Sean Lee https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23767 Sun, 23 Jun 2013 20:51:43 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23767 Likewise Peter, thanks for that, does indeed look like outside week although these indicators are not so reliable in mainly sideways markets imho. But at least we have a market 🙂 Good luck

]]> By: Peter https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23754 Sun, 23 Jun 2013 06:50:59 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23754 Looks like an outside WEEKLY (reversal) candle happened right below the former trendline dating back to 1/2009….i went short @ 15500 looking for much lower….mid to low 140’s will be nice..Good luck to you though sir!! 🙂

]]> By: Raheem Suleman https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23623 Fri, 21 Jun 2013 07:11:20 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23623 Sean, can you please share your analysis? Thanks

]]> By: Papillon https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23619 Fri, 21 Jun 2013 06:17:15 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23619 Thanks Sean.

]]> By: Sean Lee https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23616 Fri, 21 Jun 2013 06:01:49 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23616 Yes good idea Papillon, stick a ‘silly’ bid in somewhere and use that as your starting point. But keep looking for ‘swing’ trade opps anyway as they help to generate a good feel for overall mkt

]]> By: Papillon https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23613 Fri, 21 Jun 2013 05:29:40 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23613 Good evening Sean,

Thanks for your insight on GBP/USD. Yesterday, I racked my brain to get some propositions on this cross to try to pick the right level !! Obviously, you have different view, you prefer to play on the longer term and with this method you eradicated my problem. I conclue if I want play this cross I have to shift on the longer term. Ok, let’s try at 1.5350 (my second proposition) with a wide stop ?

]]> By: Sean Lee https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23601 Fri, 21 Jun 2013 01:10:47 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23601 I’d agree 100% Chngster and whilst I haven’t made anything like the money that those guys have, I have realised that 90/95% of my time is spent chopping around up a bit, down a bit, until the good trade happens. And you never know which trade will be the next good one so there’s no way to avoid the chopping phase

]]> By: Kirill https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23596 Fri, 21 Jun 2013 00:54:43 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23596 Pound is a total mystery for me, but I start to really like your cable ideas (GBP/NZD from couple month back was brilliant). Will try to find a comfy spot to build something in cable. Thanx again for ideas. Cheers. Kirill

]]> By: Chngster https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23594 Fri, 21 Jun 2013 00:45:57 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23594 >Then I watch a market move 20+ big figures and I have a 1 or 2 lot position rather than a 10 or 20 lot position

I take great comfort in what one of the masters said in the 2nd Jack Schwager book – 90% of your profits are made from 10% of your trades. Most of the time you’re playing for small percentage wins and losses. Hopefully build up a 30-40% return for the year. And then, if you have strong conviction you go for a trade 20x your normal size and go for a 100% year.

I think it might have been Druckenmiller that said that.

]]> By: Sean Lee https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23589 Fri, 21 Jun 2013 00:31:38 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23589 That wasn’t my theory Lam-Son, was just relaying what a very experienced and well-researched pro trader thought. But yes, EUR/GBP could be a lot of fun at some stage and I think the move will be to 75 rather than 90+

]]> By: Lam-Son https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23587 Fri, 21 Jun 2013 00:27:43 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23587 Hi Sean,

Do you still maintain the view that EU banks will take a big hit beginning of next year? If so, combined with GBPUSD breaking out the 1.6x range, then EURGBP will be horrible (and a lot of fun to trade)?

]]> By: Sean Lee https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23583 Fri, 21 Jun 2013 00:06:03 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23583 Probably take a bit longer than that Tom, but if its trading above 165 come December then silly things can happen near end of year

]]> By: Tom https://fxww.com/cable-building-a-small-long-term-long-position-for-1-75/#comment-23580 Thu, 20 Jun 2013 23:55:13 +0000 http://381c099c8f.nxcli.net/?p=8768#comment-23580 Hi Sean, hope we can see this figure before the end of this year.

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