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Cable Update (GBPUSD)

  • #369,861
  • Apr 1, 2014 3:53am Apr 1, 2014 3:53am
Quoting ruffryders
{quote} HDA nice summary. here's some extra info on GU options levels. {image}
@ruffryders:

Thanks I saw your response in the EUR/AUD thread, excellent, we are both seeing the same thing, even though I don't trade the pair. Very good presentation by the way. Almost textbook perfect Head and Shoulders.

HDA OUT
  • #369,862
  • Apr 1, 2014 3:54am Apr 1, 2014 3:54am
exports have fallen to 10 month low. I think BOE will be taking a big risk by allowing pound to appreciate any further
  • #369,863
  • Apr 1, 2014 3:55am Apr 1, 2014 3:55am
Quoting HDA
{quote} @elbert3: The low was 1.66412 it didn't get to 1.6640 yet, my scalp has not closed yet. Exit target 1.6640, still waiting Then looking to execute Game plan buyers HDA OUT
morning i have 6382 as 61%of yesterdays move a touch there would be good ?? if not already on the up , it wont be long before we see. regards E
  • #369,864
  • Apr 1, 2014 3:58am Apr 1, 2014 3:58am
Quoting PayTheLimit
doing nothing until 6717 or 6610 are breached...perhaps some decent resistance at 6697 also...
@PayTheLimit:

just paying my respects. We are both seeing the same thing.

HDA OUT
  • #369,865
  • Apr 1, 2014 3:59am Apr 1, 2014 3:59am
Quoting giveachance
{quote} if there is a barrier there will be sell stops at 28. so if we clear that we can get a nice 20 pip down and target yesterday's low of 1.6611
my tecs are saying sell. ??
  • #369,866
  • Edited 4:12am Apr 1, 2014 4:00am | Edited 4:12am
Quoting elbert3
{quote} morning i have 6382 as 61%of yesterdays move a touch there would be good ?? if not already on the up , it wont be long before we see. regards E
@elbert3:

Lets see what happens

HDA OUT

EDIT - Good morning to you to also
  • #369,867
  • Apr 1, 2014 4:05am Apr 1, 2014 4:05am
perhaps some support at 6633..
Look Sharp/Trade Tight
  • #369,868
  • Apr 1, 2014 4:06am Apr 1, 2014 4:06am
Quoting elbert3
{quote} my tecs are saying sell. ??
@elbert3:

Place the trade if you have analyzed it and your techs say to sell, and you are comfortable with what you are seeing. I will observe. Lets make more green pips

We both have a plan



HDA OUT
  • #369,869
  • Apr 1, 2014 4:07am Apr 1, 2014 4:07am
buy at 166 467 patience on this one - gonna ride the wave
  • #369,870
  • Apr 1, 2014 4:09am Apr 1, 2014 4:09am
I really don't know how you traders do all this scalping.

I really lift my hat off to you all, I admire the drive and effort you all put into it.

Its tiring, very very tiring.

Too much work

HDA OUT
  • #369,871
  • Apr 1, 2014 4:11am Apr 1, 2014 4:11am
Quoting HDA
I really don't know how you traders do all this scalping. I really lift my hat off to you all, I admire the drive and effort you all put into it. Its tiring, very very tiring. Too much work HDA OUT
You too, best professional notes i have ever read, some of us just hang on in there with a piece of string - ruler and a pencil
  • #369,872
  • Apr 1, 2014 4:19am Apr 1, 2014 4:19am
Quoting HDA
{quote} @elbert3: Place the trade if you have analyzed it and your techs say to sell, and you are comfortable with what you are seeing. I will observe. Lets make more green pips We both have a plan HDA OUT
nothing new still looking at what i posted before 61%fib long 6382 , but have a long position at this time
  • #369,873
  • Apr 1, 2014 4:25am Apr 1, 2014 4:25am
Howzit GU!

GU 4H

Technical pattern = Cup & Handle

Target as per chart, I'm long GU (medium term trade multiday target)

Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 20 KB


@HDA nice to see you hanging around (takes some of the pressure off)

G/L
  • #369,874
  • Apr 1, 2014 4:27am Apr 1, 2014 4:27am
i am shortat 1.6648 since last night and will hold for another 4-5 hors after watching news from us session
  • #369,875
  • Apr 1, 2014 4:29am Apr 1, 2014 4:29am
Last 1hr close was a b/o closing at the 50% 6596-6683...clearly some demand there in this moment...below there some fibs of the moves up to 6683 then the former swing lo going down to 6611.

Best Wishes
it's all gone a bit........
  • #369,876
  • Apr 1, 2014 4:31am Apr 1, 2014 4:31am
Just entered a long position,

will see how that one played.
Attached Image (click to enlarge)
Click to Enlarge Name: 04.01.2014-12.29.png Size: 47 KB
  • #369,877
  • Apr 1, 2014 4:35am Apr 1, 2014 4:35am
Final Update

Traders,

Bids are at 1.6640 and fresh bids are now at 1.6630 (the 10am Options expiry level) and bids are at 1.6600

Gone back to bed

HDA OUT
  • #369,878
  • Apr 1, 2014 4:39am Apr 1, 2014 4:39am
Attached Image (click to enlarge)
Click to Enlarge Name: fake2.png Size: 106 KB
IF, IF this works the next candle on the 30 min will look like it is going short buy right on the bottom , if it does i will be big lot for 20 pips then 90% off and let it run ,, putting my neck on the line with this chart,, only a possibility
  • #369,879
  • Apr 1, 2014 4:39am Apr 1, 2014 4:39am
Quoting JimmyC
Howzit GU! GU 4H Technical pattern = Cup & Handle Target as per chart, I'm long GU (medium term trade multiday target) {image} @HDA nice to see you hanging around (takes some of the pressure off) G/L
Hey Jimmy got to ask how the hell do u see a cup in all of that and a handle too. amazing
  • #369,880
  • Apr 1, 2014 4:43am Apr 1, 2014 4:43am
Quoting DerekTrotter
{quote} Hey Jimmy got to ask how the hell do u see a cup in all of that and a handle too. amazing
It's not cup and handle on H4, but rather a scoop pattern on D1, see below. targets 6900-7000 initially.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB
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