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Cable Update (GBPUSD)

  • #369,601
  • Mar 28, 2014 9:58am Mar 28, 2014 9:58am
Quoting HDA
Good morning Forex Factory Members and Guests. I trust you all have been making green pips. I have just return from an annual retreat with my wife that we go on to connect without the presence of any technology. Quickly Let me share whats going on. The 1.6650 10am Eastern Options Expiry is what is restricting the GBP/USD from climbing after 10am Eastern Options Expiry all bets are off. The bids at 1.6600 have been filled and there are bids at 1.6580 to help keep the GBP/USD afloat Going settle in and be back in a bit to chat. I remain long GBP/USD,...
I still have 1.6427 before we move to 1.70+.... my observation of course
  • #369,602
  • Mar 28, 2014 9:59am Mar 28, 2014 9:59am
Quoting tk5
Welcome back GBP/JPY!!! I waited for ya two weeks b=tch )))


Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_m15_280314.png Size: 43 KB
Hero calls followed by margin calls...
  • #369,603
  • Edited 11:54am Mar 28, 2014 10:35am | Edited 11:54am
So Many Changes In Two Weeks

A little humour going into the weekend

Davit, my great trading colleague was suspended - Welcome back Davit
elbert3 is now wearing a yellow flag - Congrats elbert3 - traders are taking notice of your genuine effort to share.
Suffo - Membership was revoked
Lonewolf1 - truly does understand how the forex works. Be nicer when sharing though
JimmyC - continues to share very valuable posts
Tomspin - continues to make excellent position trade entries
http://www.forexfactory.com/showthre...92#post7359392

GBP/USD - pulled back to the .618 and it is now on target to the 1.618 if you trade using fibs.
sonny0 - is still trying to learn this thing, don't give up sonny0
claudia1 - continues to grace the thread with her presence every now and then
nfp - has shared with us that George Soros is his grandfather
PayTheLimit - continues to look sharp, trade tight and ride the pig
nAVIN2007 - started closing his short position's in profit I hope
Phanti - did a good job moderating the thread
http://www.forexfactory.com/showthre...81#post7360081
http://www.forexfactory.com/showthre...05#post7360105

elbert3- 15m chart was the only traders chart with a GAP. JimmyC's, Jure86's, IRAD'S nor Davit's chart had NO gap.
elbert3's chart - http://www.forexfactory.com/showthre...68#post7367468
JimmyC's chart - http://www.forexfactory.com/showthre...25#post7368625
Jure86's chart - http://www.forexfactory.com/showthre...24#post7367124
IRAD's chart - http://www.forexfactory.com/showthre...23#post7368023
Davit's chart - http://www.forexfactory.com/showthre...62#post7368362

And The list goes on

HDA OUT
  • #369,604
  • Mar 28, 2014 10:49am Mar 28, 2014 10:49am
Quoting HDA
So Many Changes In Two Weeks A little humour going into the weekend Davit, my great trading colleague was suspended - Welcome back Davit elbert3 is now wearing a yellow flag - Congrats elbert3 - traders are taking notice of your genuine effort to share. Suffo - Membership was revoked Lonewolf1 - truly does understand how the forex works. Be nicer when sharing though JimmyC - continues to share very valuable posts Tomspin - continues to make excellent position trade entries GBP/USD - pulled back to the .618 and it now on target to the 1.618 if...
well thank you for that insight, and you must of read all the posts, good bad and the ugly ones lol, trading now again since nov 2013,i could still kick myself up the arse, i am winning on my acc, and hope to keep it that way,??? not very chart happy today as working on a project,and i am in and out, i should not trade today. good luck and thanks, it will be good to read the response of the traders in your word Elbert out
  • #369,605
  • Mar 28, 2014 10:56am Mar 28, 2014 10:56am
Quoting godim
{quote} This "game" starts all over again? Selling of the red line? Maybe. {image}
looks like euus is going to 3675,
  • #369,606
  • Mar 28, 2014 11:00am Mar 28, 2014 11:00am
Quoting needpips
{quote} I still have 1.6427 before we move to 1.70+.... my observation of course
@needpips:

If you are correct and the GBP/USD does pull back to 1.6427, that price still falls within the .618 retrace fib level, so 1.70+ would still be on the charts - YES.

Lets see what happens - I remain long GBP/USD just the same

HDA OUT
  • #369,607
  • Mar 28, 2014 11:08am Mar 28, 2014 11:08am
Quoting elbert3
{quote} well thank you for that insight, and you must of read all the posts, good bad and the ugly ones lol, trading now again since nov 2013,i could still kick myself up the arse, i am winning on my acc, and hope to keep it that way,??? not very chart happy today as working on a project,and i am in and out, i should not trade today. good luck and thanks, it will be good to read the response of the traders in your word Elbert out
@elbert3:

You're welcome keep up the good work. Not to worry, we all are learning as we go along. One of the lesson's I learnt was not to trade without adequate sleep.

HDA OUT
  • #369,608
  • Mar 28, 2014 11:09am Mar 28, 2014 11:09am
Quoting Mr. Scott
{quote} Glad it makes sense. Thank you for the feedback. We wave with it my friend.
@Mr. Scott:

You're welcome

HDA OUT
  • #369,609
  • Mar 28, 2014 11:21am Mar 28, 2014 11:21am
Quoting HDA
{quote} @needpips: If you are correct and the GBP/USD does pull back to 1.6427, that price still falls within the .618 retrace fib level, so 1.70+ would still be on the charts - YES. Lets see what happens - I remain long GBP/USD just the same HDA OUT
holding long GU, looking at 1.70+ maybe by Friday next week (NFP),
  • #369,610
  • Mar 28, 2014 11:31am Mar 28, 2014 11:31am
Thanks HDA for welcoming me back.
I have no positions on GU (closed recent shorts in profit) but plenty of shorts on NU starting from 8690 down Target 8580 or 8530 either will yield 15-25% equity gain.
Great observations.Regards
In trading, you have to be defensive and aggressive at the same time
  • #369,611
  • Mar 28, 2014 11:35am Mar 28, 2014 11:35am
Quoting Dza101
{quote} holding long GU, looking at 1.70+ maybe by Friday next week (NFP),
Just be mindful recent unemployment numbers were green so positive numbers could push Cable below 6480
WE are assuming that USD side is dead when projecting 170 however US economy is picking up.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #369,612
  • Mar 28, 2014 11:36am Mar 28, 2014 11:36am
Quoting Dza101
{quote} holding long GU, looking at 1.70+ maybe by Friday next week (NFP),
@Dza101:

It gets there when it gets there. Price action determines where the market goes, so position traders understands patience and will patiently wait for targets to be reached, just as my good position trader friend Davit did with his GBP/USD shorts.

HDA OUT
  • #369,613
  • Mar 28, 2014 11:45am Mar 28, 2014 11:45am
Quoting Davit
Thanks HDA for welcoming me back. I have no positions on GU (closed recent shorts in profit) but plenty of shorts on NU starting from 8690 down Target 8580 or 8530 either will yield 15-25% equity gain. Great observations.Regards
@Davit:

Excellent entry on the NZD/USD and your exit target is also perfect - I would put a trailing stop at 0.8600 once price action goes below that level, because possibly, good support is at 0.8580 and I like to get out before the actual support. I am not trading that pair however.

Just a thought

HDA OUT
  • #369,614
  • Mar 28, 2014 11:48am Mar 28, 2014 11:48am
Quoting HDA
{quote} @Dza101: It gets there when it gets there. Price action determines where the market goes, so position traders understands patience and will patiently wait for targets to be reached, just as my good position trader friend Davit did with his GBP/USD shorts. HDA OUT
true true

best of luck every one
  • #369,615
  • Mar 28, 2014 11:52am Mar 28, 2014 11:52am
Quoting HDA
{quote} @Davit: Excellent entry on the NZD/USD and your exit target is also perfect - I would put a trailing stop at 0.8600 once price action goes below that level, because possibly, good support is at 0.8580 and I like to get out before the actual support. I am not trading that pair however. Just a thought HDA OUT
Hi HDA
Thanks for feedback.I figured recent NU impressive gains needed a correction. Tiny island nation with 200b GDP can't effort high currency since they are very dairy depended on exports.
True value is at 80-82 but not greedy
Regards
In trading, you have to be defensive and aggressive at the same time
  • #369,616
  • Mar 28, 2014 11:54am Mar 28, 2014 11:54am
any body trade gbpnzd 4 hour looks good,candles and hieken ashi
  • #369,617
  • Mar 28, 2014 11:56am Mar 28, 2014 11:56am
I'll be looking for shorts in 78-88 fibs Scott Carney's sweet spot
Once 618 is violated next is 78.6 fib
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.daily.png Size: 36 KB
In trading, you have to be defensive and aggressive at the same time
  • #369,618
  • Mar 28, 2014 12:02pm Mar 28, 2014 12:02pm
Quoting Davit
I'll be looking for shorts in 78-88 fibs Scott Carney's sweet spot Once 618 is violated next is 78.6 fib {image}
Attached Image (click to enlarge)
Click to Enlarge Name: day.png Size: 104 KB
hi i am looking at a different fib placement,, my 61 fib and ext takes me back to 16427 same number as mr s
  • #369,619
  • Mar 28, 2014 12:05pm Mar 28, 2014 12:05pm
Quoting godim
{quote} Yes. openings the H4 bar of 6622. As I said, with high probability. {image} BBL
Again, we can expect a very high probability after one hour the price is on the line. Level is 6630.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 62 KB


But if the price opened above 6639 is possible attack to 6666. What number?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,620
  • Mar 28, 2014 12:06pm Mar 28, 2014 12:06pm
Quoting Davit
I'll be looking for shorts in 78-88 fibs Scott Carney's sweet spot Once 618 is violated next is 78.6 fib {image}
@Davit:

Excellent Chart as always.I like your short scenario, One question - if the 88.6% (1.67567) is violated and price action holds above that level, when could one start look for longs?

HDA OUT
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