Dirty Spekulation Dirty Spekulation
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  1. #1

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

    Tax free too.

    Why bother working?


  2. #2

    Dirty spekulant

    Jog On - scorchio!

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    Quote 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
    Whatever...

  3. #3

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

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    Quote 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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    Quote 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...

  6. #6

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    Quote 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.


  7. #7

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    Quote Originally Posted by Boudica View Post
    are you always in the kitchen at parties, mr prawn?
    Yes, with a drink in each hand.

  8. #8

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    Quote 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.

    Quote 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.
    How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

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  9. #9

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    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.
    Whatever...

  10. #10

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    Quote Originally Posted by Jog On View Post

    Quote 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.
    How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

    Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
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