Cable

A quick 500 pips of upside still to come?

http://www.bloomberg.com/apps/news?p...d=aEPdchG0yrLc

Wow, actually a good call from UBS there on the EUR/USD

GBPUSD

This creature was a short for August 08....I mean SHORT....1200 pips in one month......Why? Don't know, maybe everyone went on vacation and flooded the other currency markets with pounds.....who knows....I am short from 1.6500 until 1.5900 - I'll stay in for the duration..... 600 pips of movement will net me my year in expectation.....:nuts:

Quote:

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Originally Posted by frixxxx

GBPUSD
I'll stay in for the duration..... 600 pips of movement will net me my year in expectation.....:nuts:

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Good luck with that one. Could be a homerun.

I have had a big problem holding onto futures contracts for a long-term hold, even when that is my intention. The volatility is so high that I can't help but take it off the table when I have a decent gain. One reason is that I have had big gains disappear on me, but that is going to happen with long-term trades.

I had one trade (short ES) last year that would have made me high $xxx,xxx if I stuck with my plan, but instead I took a very small gain by comparison, and watched the market continue to fall without me after a brief rally. That was in October when the market had that 900-point rally. :mad: