Dirty Spekulation

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Jog On replied

13 October 2010, 19:01
Originally posted by HairyArsedBloke View Post

I can't comment on your trade for reasons that I have gone into before. However, you may wish to step away from the charts and look at the political-macroeconomic issues at play here.

You mean look at the fundamentals?!!

I've only just managed to start blocking all that stuff out

I'm a price action chart ho
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HairyArsedBloke replied

13 October 2010, 18:19
Originally posted by Iron Condor View Post

IG Index spread on the DEC-10 Gold contract is currently 50 cents. Quite tight if you ask me..

20c spread on CME.
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Iron Condor replied

13 October 2010, 17:53
Originally posted by HairyArsedBloke View Post

Spreads are very wide so it's a mugs game.

IG Index spread on the DEC-10 Gold contract is currently 50 cents. Quite tight if you ask me..

Last edited by Iron Condor; 13 October 2010, 17:58.
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HairyArsedBloke replied

13 October 2010, 17:24
Originally posted by Jog On View Post

Originally posted by HairyArsedBloke View Post

Mmmmmmm, a stop loss above entry of a buy. You'll do well in your chosen career.

I moved it when I closed half the position at 1.3990 for 165 pips. Now I'm in a free trade playing with the houses' money

Considered moving it further to +50 pips but trailing it too tightly is how I got stopped out of gold.

Ah, your current stop loss - that's better. It read like your initial stop loss was above what you bought at.

I can't comment on your trade for reasons that I have gone into before. However, you may wish to step away from the charts and look at the political-macroeconomic issues at play here.
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Jog On replied

13 October 2010, 16:35
I moved it when I closed half the position at 1.3990 for 165 pips. Now I'm in a free trade playing with the houses' money

Considered moving it further to +50 pips but trailing it too tightly is how I got stopped out of gold.
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HairyArsedBloke replied

13 October 2010, 15:57
Originally posted by DimPrawn View Post

Fook me there's (serious) money to be made spread betting on the price of Gold.

Tax free too.

Why bother working?

Spread betting may be tax free because it's classed as gambling.

Spreads are very wide so it's a mugs game.

Originally posted by Jog On View Post

Welcome to Plan C

I got stopped out of gold last week (after trailling my stop - finally got taken out for about a $60 move (in the price))

The euro is quite fun to trade at the mo as well - just keeps going up and up! Bought yesterday at 1.6825 (EUR/USD) closed half the position today at 1.6990, and still got the other half in play - stop loss at 5 pips above my entry

Mmmmmmm, a stop loss above entry of a buy. You'll do well in your chosen career.
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DimPrawn replied

13 October 2010, 15:56
Originally posted by Boudica View Post

are you always in the kitchen at parties, mr prawn?

Yes, with a drink in each hand.
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DimPrawn replied

13 October 2010, 15:55
Originally posted by AtW View Post

It's not dirty spekulation actually, that's gambling...

Gambling with almost no chance of losing.

It's not like they can print Gold.
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AtW replied

13 October 2010, 15:50
Originally posted by DimPrawn View Post

Fook me there's (serious) money to be made spread betting on the price of Gold.

It's not dirty spekulation actually, that's gambling...
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AtW replied

13 October 2010, 15:49
Originally posted by Jog On View Post

Bought yesterday at 1.6825 (EUR/USD) closed half the position today at 1.6990, and still got the other half in play - stop loss at 5 pips above my entry

EUR/USD is 1.39 now - you must have bought GBP thinking it's EUR
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Boudica replied

13 October 2010, 15:45
are you always in the kitchen at parties, mr prawn?
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Jog On replied

13 October 2010, 15:40
Originally posted by DimPrawn View Post

Fook me there's (serious) money to be made spread betting on the price of Gold.

Tax free too.

Why bother working?

Welcome to Plan C

I got stopped out of gold last week (after trailling my stop - finally got taken out for about a $60 move (in the price))

The euro is quite fun to trade at the mo as well - just keeps going up and up! Bought yesterday at 1.6825 (EUR/USD) closed half the position today at 1.6990, and still got the other half in play - stop loss at 5 pips above my entry
Leave a comment:
DimPrawn started a topic Dirty Spekulation

13 October 2010, 15:35
Dirty Spekulation

Fook me there's (serious) money to be made spread betting on the price of Gold.

Tax free too.

Why bother working?
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