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Cable Update (GBPUSD)

  • #369,821
  • Mar 31, 2014 1:15pm Mar 31, 2014 1:15pm
obama has got to run this market up even more to pay off the rich democrats that elected him.
  • #369,822
  • Mar 31, 2014 1:17pm Mar 31, 2014 1:17pm
Quoting pipmyday
Got a nice ride from 1.6618 till 1.6649. Enough for GU today .
@pipmyday:


Well done, once you know the levels to look out for and why to look out for those level, you can trade within those levels as a day trader/scalper and make some green pips.

HDA OUT
  • #369,823
  • Mar 31, 2014 1:35pm Mar 31, 2014 1:35pm
Quoting DerekTrotter
closed at 45 pips plus change ..
@DerekTrotter:



Very well done.

HDA OUT
  • #369,824
  • Mar 31, 2014 1:36pm Mar 31, 2014 1:36pm
Quoting HDA
{quote} @pipmyday: Well done, once you know the levels to look out for and why to look out for those level, you can trade within those levels as a day trader/scalper and make some green pips. HDA OUT
nice setup is brewing up for a scalp on EURAUD from 4858 to 4920, final rally before thing is getting flushed down the drain pipes for good. )

on second thought, could be straight down the drain pipes.
  • #369,825
  • Mar 31, 2014 2:29pm Mar 31, 2014 2:29pm
Quoting hridoybd98
{quote} I am waiting for down trend. But it is going now up and up.... How more it going up???????? {image}
1.6820
  • #369,826
  • Mar 31, 2014 2:37pm Mar 31, 2014 2:37pm
Quoting giveachance
{quote} how can a 50 pip rise rip off your face?? how leveraged you are?? seems like you take lot of risk
my leverage is quite modest. 10x leverage max spread out to multiple positions at a given time. Loss more than 1% on this trade which is quite a lot for me as compared to my risk management.
Trade what you see, not what you think!
  • #369,827
  • Mar 31, 2014 2:38pm Mar 31, 2014 2:38pm
OK.... my 2 cents...FWIW
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd.png Size: 88 KB
  • #369,828
  • Edited 3:02pm Mar 31, 2014 2:43pm | Edited 3:02pm
Quoting ruffryders
{quote} nice setup is brewing up for a scalp on EURAUD from 4858 to 4920, final rally before thing is getting flushed down the drain pipes for good. ) on second thought, could be straight down the drain pipes.
@ruffryders:

Please see link to response to your post for the EUR/AUD thread
http://www.forexfactory.com/showthre...16#post7374716
HDA OUT


P.S. Nothing much to do right now apart from watch paint dry, so as much as this is not EUR/AUD thread. I decided to respond to your post
  • #369,829
  • Mar 31, 2014 2:57pm Mar 31, 2014 2:57pm
right, I see it like this (short term)
(if we go to1,6723)->1,6564->1,6883
or
1,6578->1,6792->1,6683->1,6901/06

Quarter R2 sits at 1,7150 which is shy 25 pips from my target, there is 1,6906(R1) and bunch of small ones in between like odd 1,6742 Q1mid will watch it as well.
This month pivots
R1 1,6809
mid 1,6723
Pivot 1,6637
mid 1,6563
S1 1,6489
Play around these and you limit your risk,
Play in between and you are playing with fire
17150 is my target for this Q
I do not have a bear scenario as there is no need for it at the moment, however break of 1,6489/65 area will scrap my bullish plan
It is not crystal ball it's a game plan at least for april based on PP and some fibo.
swing it!
  • #369,830
  • Mar 31, 2014 3:04pm Mar 31, 2014 3:04pm
Quoting needpips
OK.... my 2 cents...FWIW {image}
Indeed Sir, indeed

Worth more than 2 cents I think

Same Same...

I think a little more residual Yellen pump to 1.67 area,

then a flush....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 32 KB
Come with me if you want to live....
  • #369,831
  • Mar 31, 2014 3:34pm Mar 31, 2014 3:34pm
Quoting Ill-b-back
{quote} Indeed Sir, indeed Worth more than 2 cents I think Same Same... I think a little more residual Yellen pump to 1.67 area, then a flush.... {image}

we shall see...the market has a way with teaching me it doesnt give a shite about my 2 cents.....but, interesting that you kind of agree.....FWIW
  • #369,832
  • Mar 31, 2014 4:36pm Mar 31, 2014 4:36pm
Quoting Ill-b-back
{quote} Indeed Sir, indeed Worth more than 2 cents I think Same Same... I think a little more residual Yellen pump to 1.67 area, then a flush.... {image}
see attached
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2014-03-31 at 7.35.31 PM.png Size: 111 KB
  • #369,833
  • Mar 31, 2014 5:21pm Mar 31, 2014 5:21pm
Quoting needpips
{quote} we shall see...the market has a way with teaching me it doesnt give a shite about my 2 cents.....

Yeah, me too lol... me too
Come with me if you want to live....
  • #369,834
  • Mar 31, 2014 6:03pm Mar 31, 2014 6:03pm
Quoting HDA
Please see post Sunday, March 30, 2014 - Re: Game Plan Sellers (day traders/scalpers) http://www.forexfactory.com/showthre...70#post7372370 Here is part of the post: Game Plan Sellers (day traders/scalpers) Sell 1.6680 and exit some at 1.6660 and exit the rest 1.6640 Sell 1.6695 and exit some at 1.6675 and exit the rest 1.6655 Sell 1.6710 andexit some at 1.6690 and exit the rest 1.6670 Sell 1.6740 and exit some at 1.6720 and exit the rest 1.6700 NO HINDSIGHT TRADING Do not blindly follow what I have written,...

That was the most painful 8 hour 20pip scalp on the GBP/USD

The next EXIT target based on the Sellers Game Plan is 1.6640
Sell 1.6680 and exit some at 1.6660 and exit the rest 1.6640

I don't know how you traders do it. What a painful scalp

HDA OUT
  • #369,835
  • Mar 31, 2014 6:06pm Mar 31, 2014 6:06pm
Well came close to not working today, but in the end it came right, buying around the daily pivot with a 20 pip stop and a 40 pip target, if your sitting at your computer you can milk a few more than the 40 out of it, will be doing the same today , cant help but feel we may visit HDA s significant support level around the 1.6580 mark , weekly pivot area . The last 8 hour bar looking a little hesitant, well as they say it works till it dosent. cheers all.
Attached Image (click to enlarge)
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  • #369,836
  • Mar 31, 2014 6:19pm Mar 31, 2014 6:19pm
side note , not an 8 hour chart posted
  • #369,837
  • Mar 31, 2014 6:36pm Mar 31, 2014 6:36pm
Quoting digger1
Well came close to not working today, but in the end it came right, buying around the daily pivot with a 20 pip stop and a 40 pip target, if your sitting at your computer you can milk a few more than the 40 out of it, will be doing the same today , cant help but feel we may visit HDA s significant support level around the 1.6580 mark , weekly pivot area . The last 8 hour bar looking a little hesitant, well as they say it works till it dosent. cheers all. {image}
@digger1:

Initial support is at 1.6632/40 area.

In the pre-posted, Sunday, March 30, 2014 (day traders/scalpers)Game Plan for Sellers , I indicated exit targets before we get to support.

Sell 1.6680 and exit some at 1.6660 and exit the rest 1.6640

The trading plan is to scalp and control greed while trading stress free.

HDA OUT
  • #369,838
  • Mar 31, 2014 6:43pm Mar 31, 2014 6:43pm
Quoting HDA
{quote} @digger1: Initial support is at 1.6632/40 area. In the pre-posted, Sunday, March 30, 2014 (day traders/scalpers)Game Plan for Sellers , I indicated exit targets before we get to support. Sell 1.6680 and exit some at 1.6660 and exit the rest 1.6640 The trading plan is to scalp and control greed while trading stress free. HDA OUT
Ah greed will kill an acct for sure, Just out of curiosity, why a sellers game plan , or maybe you had both ways listed , sell just seemed to be mentioned more.
  • #369,839
  • Mar 31, 2014 6:53pm Mar 31, 2014 6:53pm
Quoting digger1
{quote} Ah greed will kill an acct for sure, Just out of curiosity, why a sellers game plan , or maybe you had both ways listed , sell just seemed to be mentioned more.
@digger1:

Please see post, Sunday, March 30, 2014 which clearly documented the trading plan for today, Monday, March 31, 2014.

http://www.forexfactory.com/showthre...70#post7372370

Then please see post of what took place during the trading day today
http://www.forexfactory.com/showthre...15#post7374015

HDA OUT
  • #369,840
  • Mar 31, 2014 10:43pm Mar 31, 2014 10:43pm
Quoting elbert3
{quote} 6656 could be scalp target then long to 6717 may be ?
target hit now see how far up today, more than 6717 as above,
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