Cable Update (GBPUSD)

maybe some support to be had near 6738/45 now, but don't think I'll trade it..

Hey traders. Sold Cable @ 1,6758.

Wish all good luck!

shotr aussie at 120 sl 134 tp 066+

Pivot 6735
~S1 6692
~S2 6642

ho ho ho out and long 1334 sl to manage but who cares now sorry i had to put that in

looks like a nice holiday staying in till 6709 sl and pp 6740

...like present for christmas

pp 6744 now

SL @ 1,6795.

15min bearish candle being faded in this moment as price hits support on 1hr and 61.8% fib thurs lo - fri hi....good numbers caused the drop initially, this though in an uptrend on daily/weekly gbpusd....will good number reaction win out today over this ?

Best Wishes.

addad short sl same as other 2, 6744 target 6700 tight thou

nzdusd short target 83400

target 6696 break 6700

long usdchf 8812 target 8855

raised sl 6750

Fading USDCAD here

channel down hopefully

target 67199 could go long there ????

Good morning Traders,

I'm heading out the door to the beach.

I remain long to 1.70000

Just to give you all a heads up on what is going on

There is a 1.6750 OPTIONS EXPIRY - pay out 700 million at 10am EASTERN New York Time

There is also a 1.6800 OPTIONS EXPIRY - pay out 1 BILLION at 10am EASTERN New York Time

1.6750 is the closest, so the market may hold the price close to 1.6750 to collect on that payout come 10am EASTERN New York Time

After 10am EASTERN - its will be open season.

NFP (Non-Farm Payroll) has passed and because unemployment has risen, its bad for the US even though the jobs data was good and also revised higher.

I remain long GBP/USD to 1.70000 and long GBP/CAD to 1.90000

Final Note:

Scenario 1
The 2009 High 1.7043 on the GBP/USD if taken out and we get a daily close above 1.70000 (when that time comes) I will be re-entering LONG again to hold for 1.80000 and then 1.90000 and then 2.0000 - This is what position trading is about.

Scenario 2
If the 2009 High 1.7043 on the GBP/USD if taken out and we get a daily close below 1.70000 (when that time comes) I will be entering short back down to the consolidation area.

FOOD FOR THOUGHT

Brokers love day traders because there is a higher probability that from the constant in and out of trades, eventual you will lose all your money.

Brokers dislike position traders because after you pay one fee to enter the trade, the position trader then sits and collect on the daily positive swaps (which is the positive interest you earn on your trade holding it for weeks) being LONG the GBP/USD for example.

So there is a lower probability of a position trader losing money and blowing his/her account, once trading in the direction of the trend in comparison to a day trader.

I remain long GBP/USD to 1.70000 and long GBP/CAD to 1.90000

IF YOU DONT SEE IT - DONT TRADE IT

Keep up the good work Davit, PTL and Elbert3

HDA OUT

PS. The wife is screaming at me to get in the car goddah love her, she adores my attention.