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Cable is very dangerous to trade CT when is under huge manipulations; I saw this behavior in the past years even before brexit. Anyway the problems are trading strategies with adds/grids. Now, after 4 years of Viper, GoldStar and Steady (and some others signals where I have lost money) I don't trust anymore of the forex market and is more risky than profitable (all my accounts are in a significand and constant DD). I'm very tired, I hope Jay will manage this situation well like others without huge losses because it's time this year to close my MAM account's.
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yeah, great to make money on the hedge ... wish you could forget the part that is being hedged and its not really enough.Originally posted by Balboa View Post
On the brighter note (hopefully) using some momentum indicators they have never been soooo stretched for ages - might compare the situation to the October crash or 2008 financial market melt down. This 1.4000 area used ot be for ages a very significant support for 16 years which got broken just after Brexit. I tend to believe we gonna see some two ways price action uphere and some sort of a relief to our DD ... But quite frankly this style of trading (or is it still to be called trading?) isnt really the way forward. As I mentioned this million times before - losses are part of the game. Accept that and move on.Comment
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I like your optimism Ales, I think your just trying to convince yourself we'll get the pullback.
I've done pretty well trading GBP strength for the last 2 weeks, but due to SC's massive exposure I've been keeping my risk very small.
It's pretty difficult when your going long GU and your signal provider is trying to pick the top. It's definitely affecting my trading.
If (hopefully when) SC get's out of this I'm going to take some capital out of the SC MAM and trade it myself, it's less stressful.Comment
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Has anyone else noticed that the short positions had a stop near 1.48, which have been removed in the last few hours. Does this mean that SC is expected the price to go beyond 1.48, if so then this DD is going to get a lot bigger. Oh crap. Not good for the heart this hedgingComment
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Maybe he will put new stops in? If not then yeah, it means he thinks it might go there.Originally posted by Gunther View PostComment
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And now for something completely different! We're going long AUDUSD. So it's not all GU
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He is a very skilled trader otherwise he wouldnt be here. I'll tell you what I did, I ate my pride and took the loss. I dont like hedging at all but this is just me. We will just have to wait and see how it will all work out.Originally posted by toddys2k View PostComment
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Another huge buy so high could backfire if not monitored live...Comment
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Also Teresa May and Trump still have to talk in Davos... any comment could manipolate marketsComment
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We are now net long about 2 usual positions. So not a huge exposure but it's all sitting on a large DD.Comment
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SteadyCapture sure must have a LOT of guts and determination right now. Stressful market conditions, a huge drawdown and now a bunch of people somewhat freaking out here, I certainly wouldn’t last long in his position as I can’t handle that type of stress.
I think I speak for everyone when I say “Thanks for not giving up steady, let’s get through this tough time and succeed!” I’m terrified but, this is what forex is all about. Sure, I’ll be losing two years wage (40K AUD) if my account blows but I’ve made over 60K with forex on this website over the last 5 years so even if it does blow... I’ve techniqually not lost capital.
I’m scared, let’s make that clear, but remember, if we sit here criticising SteadyCapture, it’s just going to add to his stress and more stress is certainly not what he needs.Comment
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He's not going to blow up but it could drag for a while and most likely longer than he anticipated in his last update.Comment
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Hi Guys,
I just want to let you know that myself, Nick and Jay got together for an in-depth strategy meeting the other day.
I had the opportunity to peek inside the details of Jay's macro view, and trading methodology and I must say that I am very impressed indeed with the level that he is trading on. It has opened my eyes to a whole new way of attacking the markets! The current drawdown has been an unfortunate ( and very rare de-coupling of the GBP spot rate to US Bond spreads, (not sure I fully understand this) and has been expertly navigated by Jay and from what I have seen ( his plan for unwinding the hedge and taking short-term trades both ways ), I have confidence that we can exit this with a positive return. ) Jay also outlined a new short-term “Sniper”, strategy for XAU/USD that will offer a nice boost to the account. We will be adding this to Steadycapture in the coming month or so and it will give a nice boost to the yearly returns. Anyway, hopefully, I can speak to some of you one-on-one ….. anyone who would like some more information please PM me and I will give you a callback. If I don’t know the answer, I will get it for you. CheersComment
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I forgot to ask earlier, is the 40K VIP limit based on balance or equity? SteadyCapture closed quite a few positive trades recently which almost got my balance to over 40K so I withdrew a bit even though the drawdown is quite large.
My concern is that he will close a trade in a large positive and then open a new trade in the opposite direction, however, I’ll miss it due to the sudden balance increase. A good way around this would be applying the new trade block 24 hours after the balance or equity is reached to give us time to withdraw some money incase it does happen so we don’t miss new trades.Comment
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Hi Neptune, its on balance but we can lift the limit for your account in this case. Please jump on ST support and they will get it done for you.Originally posted by Neptune View PostComment
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