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Cable Update (GBPUSD)

  • #366,601
  • Feb 28, 2014 9:23am Feb 28, 2014 9:23am
Here are the OPTION EXPIRIES for 10am eastern for Monday, March 3, 2014

1.6900
1.6700
1.6650
1.6625 pay out 600 million
1.6600 pay out 500 million
1.6575 pay out 600 million

1.6900 is now on the cards for next week so this is an indication that we are going UP

Lets see what happens

HDA OUT
  • #366,602
  • Feb 28, 2014 9:30am Feb 28, 2014 9:30am
Trying tp and sell same time 16750
  • #366,603
  • Feb 28, 2014 9:46am Feb 28, 2014 9:46am
Quoting elbert3
usdchf long 8799 lets hope this brings gbpusd down short 6720 gbpusd, short eurgbp at 8259, gold 1330 sl to manage
Quoting HDA
{quote} @elbert3: I do not trade the EUR/GBP - but long term I would be short this pair, but intra day you can buy and sell if the opportunity arises. Stiff resistance is at 0.82679 so watch out for that and I would only be looking for selling opportunities to 0.8170 EDIT 0.8180 controlling greed HDA OUT
Quoting elbert3
{quote} hi HDA sorry eurgbp did go up i just took a nice high 3 figure sum out of it , respectfully
Quoting HDA
{quote} @elbert3: I don't trade that pair, but Congratulations Just remember the strong resistance I talked about which would bea good place to sell HDA OUT
@elbert3:

Did you trade the short at resistance 0.82679 on the EUR/GBP?
  • #366,604
  • Feb 28, 2014 9:56am Feb 28, 2014 9:56am
There are stops at 1.6775 that the bears are trying to defend - lets see what happens. Will the bulls take out those stops at 1.6775

HDA OUT
  • #366,605
  • Feb 28, 2014 9:56am Feb 28, 2014 9:56am
PA on cable a bit mental today
  • #366,606
  • Feb 28, 2014 10:02am Feb 28, 2014 10:02am
Quoting HDA
There are stops at 1.6775 that the bears are trying to defend - lets see what happens. Will the bulls take out those stops at 1.6775 HDA OUT
1.68 is the target
  • #366,607
  • Feb 28, 2014 10:06am Feb 28, 2014 10:06am
Quoting HDA
{quote} {quote} {quote} {quote} @elbert3: Did you trade the short at resistance 0.82679 on the EUR/GBP?
yes thank and still in the trade on manage looks a bit stick now but keeping an eye on it , a nice 50 on gold too posted before now out of that trade ?
  • #366,608
  • Feb 28, 2014 10:09am Feb 28, 2014 10:09am
Quoting HDA
There are stops at 1.6775 that the bears are trying to defend - lets see what happens. Will the bulls take out those stops at 1.6775 HDA OUT
up and down on gbpusd my sl is on entry 16750
  • #366,609
  • Feb 28, 2014 10:10am Feb 28, 2014 10:10am
This is the end of the week, end of the month and it is very important that at 11:30am Eastern which is LONDON CLOSE that we close above 1.6740

If we close at 11:30am eastern above 1.6740, this is added confirmation that we are going up.

We can the monitor the US CLOSE to see what price they close at for additional confirmation, but LONDON CLOSE is the most important close.

No hind-sight trading - I am giving you the information before it happens and then we wait, watch and see.

This is my Final Post - Im heading off to the beach. Good Luck in trades, wether you are a BULL or a BEAR.

My time is UP - The wife calls

HDA OUT
  • #366,610
  • Feb 28, 2014 10:20am Feb 28, 2014 10:20am
Quoting HDA
This is the end of the week, end of the month and it is very important that at 11:30am Eastern which is LONDON CLOSE that we close above 1.6740 If we close at 11:30am eastern above 1.6740, this is added confirmation that we are going up. We can the monitor the US CLOSE to see what price they close at for additional confirmation, but LONDON CLOSE is the most important close. No hind-sight trading - I am giving you the information before it happens and then we wait, watch and see. This is my Final Post - Im heading off to the beach. Good Luck in trades,...
Thank you for all the information you provided the last 3 days. I am hearing of escalation in Ukraine (armed men taking over airports in Crimea) so there might be some gap down during the weekend as capital will again fly to USD.
  • #366,611
  • Feb 28, 2014 10:45am Feb 28, 2014 10:45am
any news about speech of our friend Carney ?
  • #366,612
  • Feb 28, 2014 11:11am Feb 28, 2014 11:11am
seem we might close above 1.6726,Without a Doubt - It's a continues bullish sign still
  • #366,613
  • Feb 28, 2014 11:16am Feb 28, 2014 11:16am
and we might see the sell off, short 6760
  • #366,614
  • Feb 28, 2014 11:25am Feb 28, 2014 11:25am
Quoting HDA
This is the end of the week, end of the month and it is very important that at 11:30am Eastern which is LONDON CLOSE that we close above 1.6740 If we close at 11:30am eastern above 1.6740, this is added confirmation that we are going up. We can the monitor the US CLOSE to see what price they close at for additional confirmation, but LONDON CLOSE is the most important close. No hind-sight trading - I am giving you the information before it happens and then we wait, watch and see. This is my Final Post - Im heading off to the beach. Good Luck in trades,...

closed @ 1.6747
  • #366,615
  • Edited 12:14pm Feb 28, 2014 11:37am | Edited 12:14pm
Closed long hedge positions from 1.6700, 1.6720, 16740. Buy stop re-hedge @ 1.6770 (expires 15 mins before close US). Manual re-hedge if price remains in the same region. I hope I can money manage my shorts for that long ^^. Still new, still learning but with a live account.
Attached Image
  • #366,616
  • Feb 28, 2014 12:43pm Feb 28, 2014 12:43pm
There's a very good chance this pair will revisit 1.6580 before the really big move up begins. We've cleared the roof now with today's move, inviting buyers to join in early before a percieved breakout to the upside. Meanwhile, many shorts were stopped out at 1.6740, I believe. Now a big fall to 1.6570 will stop out all the longs that just got in, and at same time invite sellers to join in the "breakout" to the downside. They will soon learn that the breakout downwards was a fake, but that won't stop most of FF from shorting at various fib levels from today's high and the soon to be low.They will all get stopped out as GBPUSD breaks out to the upside once again, though this time it will be real.

That's my view anyways.
  • #366,617
  • Edited 1:27pm Feb 28, 2014 1:04pm | Edited 1:27pm
Quoting Zappa
There's a very good chance this pair will revisit 1.6580 before the really big move up begins. We've cleared the roof now with today's move, inviting buyers to join in early before a percieved breakout to the upside. Meanwhile, many shorts were stopped out at 1.6740, I believe. Now a big fall to 1.6570 will stop out all the longs that just got in, and at same time invite sellers to join in the "breakout" to the downside. They will soon learn that the breakout downwards was a fake, but that won't stop most of FF from shorting at various fib levels...
Makes sense (to me), but the PA (in my humble view) after every retracement gets stronger and stronger. It wants to go up and retest ~1.6820 and I am long everytime to cover my shorts. Till now it works, but I have to take my loss if it breaks above the high. (minimal loss due hedging). I started forex trading only last october so I "guess" (I know with my strategy win or lose) I have to learn it the hard way .
  • #366,618
  • Feb 28, 2014 2:13pm Feb 28, 2014 2:13pm
Quoting pipmyday
Closed long hedge positions from 1.6700, 1.6720, 16740. Buy stop re-hedge @ 1.6770 (expires 15 mins before close US). Manual re-hedge if price remains in the same region. I hope I can money manage my shorts for that long ^^. Still new, still learning but with a live account. {image}

Yeah Hedging

The game off chess that never ends
Thinking GBP/US will retrace
Which will allow you to off load the shorts.
Problem is will you hold your longs under water when it retraces
Its not easy to be right,an everybody here is trying to beat the system.
Someone was saying options expire 169
I was hedging all the time,but the swings can catch you.

If you have made more than you started with,sometimes its better to pull the plug an start fresh.

I have done that 3 time this year already,only because I was digging my self a hole

I am still ahead off the game,the plan is to try an short GBP/US from higher levels etc

thinking above 170+
  • #366,619
  • Feb 28, 2014 3:06pm Feb 28, 2014 3:06pm
Quoting Zappa
There's a very good chance this pair will revisit 1.6580 before the really big move up begins. We've cleared the roof now with today's move, inviting buyers to join in early before a percieved breakout to the upside. Meanwhile, many shorts were stopped out at 1.6740, I believe. Now a big fall to 1.6570 will stop out all the longs that just got in, and at same time invite sellers to join in the "breakout" to the downside. They will soon learn that the breakout downwards was a fake, but that won't stop most of FF from shorting at various fib levels...
i think the fake is on the short side, i will post were i see it happen ,i have played the move a few times now,
  • #366,620
  • Feb 28, 2014 4:01pm Feb 28, 2014 4:01pm
Quoting hda
this is the end of the week, end of the month and it is very important that at 11:30am eastern which is london close that we close above 1.6740 if we close at 11:30am eastern above 1.6740, this is added confirmation that we are going up. We can the monitor the us close to see what price they close at for additional confirmation, but london close is the most important close. No hind-sight trading - i am giving you the information before it happens and then we wait, watch and see. This is my final post - im heading off to the beach. Good luck in trades,...

london close- 1.6747
us close- 1.6741
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