Trades Status

The last trades were gone. Lost some money again. Here's the current Fiber position bought at 1.3400 and Cable bought at 1.3800-ish.

Trades Update

Here's the current positions that I have. The last 2 trades were stopped out at break-even. Hopefully, these two new trades will make some money. Let's what will we have on Monday.

Cable update

The Cable moved up just a little bit on Friday despite the Fiber's bull leap. It's currently under a strong bull phase and I'm looking forward to 2.06 very soon.

Trades looking good for now

On Monday, I checked the charts and I found out that Fiber's low on Friday was 1.3620, 20 pips away from my target of 1.3600. So I decided to jump in.

Cable hit a support level at 2.02. I entered a long position there as well.

I have a bit of problem. I really wanted to pyramid because this is the best time to pyramid, but I'm out of margin. This is what I hate about Oanda. 1:50 leverage is too damn low. The ideal leverage for me is 1:100.

Let's see how the trades turn out today.

Welcome Mr Cable.

From now on, I'll be following Cable as well. The cable is exhibiting interesting attributes. I'm hoping to get a buy signal for Cable in 2-3 weeks. I'm aiming to buy between 2.01 - 2.02.

In case you are wondering why GBP/USD is called cable, here's the story. Many years ago, the banks traded GBP/USD using the most advanced communication technology at that time, the cable.

On the other hand, EUR/USD is probably called Fiber because fiber-optics is today's latest technology. LOL

Look at this spectacular Cable bull-run. I bet a lot of people made millions from this alone.