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Cable Update (GBPUSD)

  • #368,461
  • Mar 17, 2014 10:00am Mar 17, 2014 10:00am
short 6650 scalp or see where it takes you 5 min chart tight sl as i dont see it coming back at you soon
  • #368,462
  • Mar 17, 2014 10:03am Mar 17, 2014 10:03am
Quoting elbert3
short 6650 scalp or see where it takes you 5 min chart tight sl as i dont see it coming back at you soon
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it did not touch the 200 so i would think another attempt will be made ??
  • #368,463
  • Mar 17, 2014 10:16am Mar 17, 2014 10:16am
Quoting HDA
Quoting Kmb Finance
{quote} @Kmb Finance: I am a position trader. I hold position for weeks, months until my targets are achieved orprice action says otherwise. As a position trader, once you have identified the trend, you trade it and you hold. I have been holding my long on the GBP/USD and GBP/CAD since November 2013 - that is 5 months now and holding. For example: http://www.forexfactory.com/showthre...22#post7197222 My sharing of information benefits traders who are position traders, not necessarily day traders and
...
LOL Thanks a dont know about the good work, multiple opinions and trying to find a level where to safely get in and out is the order of the day, i just posted the chart and for some reason and i cannot put my finger on it yet , i fell that it does not want to go long, ???????? i will recheck in 15 mins i dont feel the balance of fibs and fib ext, is right , if that makes any sense ,?? Regards E
  • #368,464
  • Mar 17, 2014 10:57am Mar 17, 2014 10:57am
i only saw this on GBPUSD...
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  • #368,465
  • Mar 17, 2014 11:05am Mar 17, 2014 11:05am
Quoting roseman129
i only saw this on GBPUSD... {image}
what it that ???
  • #368,466
  • Mar 17, 2014 11:12am Mar 17, 2014 11:12am
Quoting elbert3
{quote} what it that ???
channel with abcd
  • #368,467
  • Mar 17, 2014 11:14am Mar 17, 2014 11:14am
Quoting roseman129
{quote} channel with abcd
ok but were sorry ? long or short, i cant make it out only the painter can see his vision lol regards
  • #368,468
  • Mar 17, 2014 11:18am Mar 17, 2014 11:18am
Quoting grandia
{quote} Gut feeling aye? Not yet, need to go down further before going long
already start up..but it is only to test the 6650we wait until tomorrow to confirm back the potential to go 1.7i have bad feel for GU..it is on weakness condition
  • #368,469
  • Mar 17, 2014 11:25am Mar 17, 2014 11:25am
Quoting Nfp
{quote} already start up..but it is only to test the 6650we wait until tomorrow to confirm back the potential to go 1.7i have bad feel for GU..it is on weakness condition
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it look like it has bounced off the 50,even if it goes back to 61% you would like to think all the emas would be good support, but, i have a sl reverse below just in case it goes , i have to leave the pc for a while , we will see later gl
  • #368,470
  • Mar 17, 2014 11:30am Mar 17, 2014 11:30am
Quoting elbert3
{quote} ok but were sorry ? long or short, i cant make it out only the painter can see his vision lol regards
im long...
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  • #368,471
  • Mar 17, 2014 11:37am Mar 17, 2014 11:37am
[quote=HDA;7345316]
Quoting Kmb Finance
{quote} @Mr. Scott - The Gartley/Harmonics Trader - How are you? I'm not staying, just responding to a post and since I saw you in the room, just paying my respects.k
Hi HDA,

Nice to see your posts here. I would be remiss if I did not publicly acknowledge and return the respect. Hope you will come visit when the opportunity arises. Or when we see 1.70.

All the best,
Scott

GCAD, it's not perfect, but an area of interest.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #368,472
  • Mar 17, 2014 12:09pm Mar 17, 2014 12:09pm
Hi guys

This is my reading

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See above 1,68 this week or next week
  • #368,473
  • Mar 17, 2014 12:14pm Mar 17, 2014 12:14pm
[quote=Mr. Scott;7345564]
Quoting HDA
{quote} Hi HDA, Nice to see your posts here. I would be remiss if I did not publicly acknowledge and return the respect. Hope you will come visit when the opportunity arises. Or when we see 1.70. All the best, Scott GCAD, it's not perfect, but an area of interest. {image}
@Mr. Scott:

Thanks for the heads up

The good news - GBP/CAD is currently being pulled down by the USD/CAD - "As The Market Moves, It Waves" we know that

Bids on the USD/CAD are at

1.1050 which has been filled
1.1040 not yet filled
1.1010 and 1.1000 heavy heavy heavy waiting to be filled.

Because the bids are so large at 1.1010 and 1.1000, those levels are acting as a magnet to pull the USD/CAD down to get them filled.

Once filled here's the beauty, the next serious offers are at 1.1150 some 150pips away

We both know that a 50pip move on the USD/CAD represents a 100pip move on the GBP/CAD

So a 150pip move on the USD/CAD equals a 300pip move on the GBP/CAD heading up - each 50pip move on the USD/CAD is a 100pip move on the GBP/CAD

So once those bids get filled - Sit back, relax and enjoy the ride and remember, the move on the GBP/CAD will be greater than 300pips as the GBP/USD continues to rise.

Please see older post to help explain this.

The first post explains the methodology
http://www.forexfactory.com/showthre...04#post6932504

The second post illustrates the methodology with a chart, compliments of trader srt.
http://www.forexfactory.com/showthre...20#post6932720

These posts were taken from Davit's Confluence Trading Thread.

HDA OUT

I have always respected your view point on the market - Thank you for sharing.

Goddah Run
  • #368,474
  • Mar 17, 2014 12:20pm Mar 17, 2014 12:20pm
Quoting HDA
Traders, Please see previous post Sunday, March 2, 2014 re: GBP/USD http://www.forexfactory.com/showthre...60#post7314060 TWO WEEKS AGO PROBABILITY 3 The trend direction on the monthly, the weekly and the daily is Bullish. Pull the fibs on the daily from the low at 1.62521 to the high at 1.68227 and you will see that we retraced to 0.382 and found solid support at 1.6600 and that solid support has now risen to 1.6670. If that support fails 1.6620 is the next solid support level. Please note I have stressed SOLID support level....
Im seeing a possible 1.73 target.... long side scenario..... Im watching more right now...just scalping gu gn eu..... once we move decisively 400 pips in either direction....ill settle in
  • #368,475
  • Mar 17, 2014 12:41pm Mar 17, 2014 12:41pm
Quoting needpips
{quote} Im seeing a possible 1.73 target.... long side scenario..... Im watching more right now...just scalping gu gn eu..... once we move decisively 400 pips in either direction....ill settle in
@needpips:

Please keep in the back of your mind, the Final Note as you continue to do your own analysis. Don't forget about the 2009 high at 1.7043 GBP/USD, we can expect some strong resistance hence my prepared GAME plan below. Once again this is my plan. Please do not trade blindly forex factory members. IF YOU DON'T SEE IT, DON'T TRADE IT.

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.

HDA OUT
  • #368,476
  • Mar 17, 2014 12:53pm Mar 17, 2014 12:53pm
Quoting elbert3
{quote} i think it will just kick over the 61, then 1, short till you meet the white 10 sma or wait and see on the lower times when to get back in, depends on the size of you family jewels lol
must be time to look to go long again i am out of my short now, i could of stayed in a little longer by the looks of it . any body see the entry yet
  • #368,477
  • Mar 17, 2014 12:56pm Mar 17, 2014 12:56pm
6638 long sl on manage
  • #368,478
  • Mar 17, 2014 1:04pm Mar 17, 2014 1:04pm
Quoting elbert3
6638 long sl on manage
Short at that price...Would be holding it for a few minutes.

30 mins and one hour seems to be looking down..
  • #368,479
  • Mar 17, 2014 1:06pm Mar 17, 2014 1:06pm
6608/18 might provide a place for some cheap longs, not my favorite time to open trades however....
Look Sharp/Trade Tight
  • #368,480
  • Mar 17, 2014 1:25pm Mar 17, 2014 1:25pm
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see if that works
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