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Cable Update (GBPUSD)

  • #370,401
  • Apr 3, 2014 5:15pm Apr 3, 2014 5:15pm
Quoting Ill-b-back
{quote} update {image} {image}
lets hope so ill b,, just catching up on the posts before bed ,, wine cheese and grapes , and the wife in bed, my ear ache has now gone lol
  • #370,402
  • Apr 3, 2014 5:18pm Apr 3, 2014 5:18pm
Quoting Red Alert
{quote} In the smaller time frame, 1.6606 and 1.6625 is possible pullback, the latest 4H candle is bullish anyway, i will observe the price action around that level for shorts.
i am looking to take all or 90% on 6605 i will be putting trails in place before bed i think, see how long i last ??
  • #370,403
  • Apr 3, 2014 5:26pm Apr 3, 2014 5:26pm
Quoting elbert3
{quote} i am looking to take all or 90% on 6605 i will be putting trails in place before bed i think, see how long i last ??
reasonable level i think, offering very interesting RR ratio

but why 90%....? Just try to look at latest 2 candle 4H.....

6625 is also strong resistance and interesting level for pullback, don't forget to place your SL, maybe some pips above this level

Regards
  • #370,404
  • Apr 3, 2014 5:32pm Apr 3, 2014 5:32pm
Quoting Red Alert
{quote} reasonable level i think, offering very interesting RR ratio but why 90%....? Just try to look at latest 2 candle 4H..... 6625 is also strong resistance and interesting level for pullback, don't forget to place your SL, maybe some pips above this level Regards
see my post before i have a big lot ridding on it so 90% at 6605 or more off and sl on the 10% same place ,if that makes sense, at this time on manage and if it looks like it is the end i will take the profit ??
  • #370,405
  • Apr 3, 2014 5:33pm Apr 3, 2014 5:33pm
Quoting Red Alert
{quote} In the smaller time frame, 1.6606 and 1.6625 is possible pullback, the latest 4H candle is bullish anyway, i will observe the price action around that level for shorts.
Hi Red, could do, we never know.
My own chart compass still points to 1.68 area and will add in if we get there.

If NFP reflects yesterdays US data, it may create just enough compounding uncertainty to fulfill my prophesy

Cheers brother
Come with me if you want to live....
  • #370,406
  • Apr 3, 2014 5:35pm Apr 3, 2014 5:35pm
Quoting elbert3
{quote} lets hope so ill b,, just catching up on the posts before bed ,, wine cheese and grapes , and the wife in bed, my ear ache has now gone lol
Sh!t I hate ear aches, sent me rushing to the Dr 12 months ago just as the wife got home from work.
I hope it stays away
Come with me if you want to live....
  • #370,407
  • Apr 3, 2014 5:37pm Apr 3, 2014 5:37pm
Quoting Ill-b-back
{quote} Hi Red, could do, we never know. My own chart compass still points to 1.68 area and will add in if we get there. If NFP reflects yesterdays US data, it may create just enough compounding uncertainty to fulfill my prophesy Cheers brother
just reading the consensus ,, 200 as to previous 175 but thats a guess, but a big guess over the number ??
  • #370,408
  • Apr 3, 2014 5:40pm Apr 3, 2014 5:40pm
Quoting Ill-b-back
{quote} Sh!t I hate ear aches, sent me rushing to the Dr 12 months ago just as the wife got home from work. I hope it stays away
i know we were in a meeting and i ran out after loading the trade, so i was checking the phone ,??? she said . your on that more than your on me , well she is right , she is in bed and i am here drinking wine
  • #370,409
  • Apr 3, 2014 5:41pm Apr 3, 2014 5:41pm
Quoting Ill-b-back
{quote} Sh!t I hate ear aches, sent me rushing to the Dr 12 months ago just as the wife got home from work. I hope it stays away
sorry i hope i dont have to explain the ear ache ??????? lol
  • #370,410
  • Apr 3, 2014 5:42pm Apr 3, 2014 5:42pm
Quoting elbert3
{quote} just reading the consensus ,, 200 as to previous 175 but thats a guess, but a big guess over the number ??
Lots of room to dissapoint then
Come with me if you want to live....
  • #370,411
  • Apr 3, 2014 5:43pm Apr 3, 2014 5:43pm
Got to go, friends coming over in 20mins.
Come with me if you want to live....
  • #370,412
  • Apr 3, 2014 5:44pm Apr 3, 2014 5:44pm
Quoting Ill-b-back
{quote} Hi Red, could do, we never know. My own chart compass still points to 1.68 area and will add in if we get there. If NFP reflects yesterdays US data, it may create just enough compounding uncertainty to fulfill my prophesy Cheers brother
south sound like promising now, your shorts seems like will give you more pips Mate, ....
EU also drawing flag on H1, so let see how US data tonight, ...

But still on my plan, need some pips higher to consider join your party,
Good luck mate
  • #370,413
  • Apr 3, 2014 5:55pm Apr 3, 2014 5:55pm
Quoting Red Alert
{quote} south sound like promising now, your shorts seems like will give you more pips Mate, .... EU also drawing flag on H1, so let see how US data tonight, ... But still on my plan, need some pips higher to consider join your party, Good luck mate
thats it sl on 21 pips win big lot so good profit less the commission . the wine has done me in lol gl and lets see if i have a big bonus in the morning
  • #370,414
  • Apr 3, 2014 11:34pm Apr 3, 2014 11:34pm
Quoting Ill-b-back
{quote} update {image} {image}
@Ill-b-back:

I smiled when I saw your chart

We are both seeing the very same thing.

When trading based on charts, you must always trade off of the most recent AB Swing.

Hence your Daily chart:

A being 1.64601
B being 1.66843

Which shows a 0.50 retrace with a D Extension of 1.68214

If you then go to the 1H chart, you will see the candle stick formation Tweezer Bottoms. Which represents a bullish buy signal - (for those traders who trade with, charts, fibs, candlestick formation and trend direction).

Hence PayTheLimit's response:

Quoting PayTheLimit
{quote} its also close to tweezer type configuration, if you subscribe to such theories...might need a breach of 6595 to confirm... {image}

The 10am Eastern GBP/USD Options Expiry for Friday, April 4, 2014 are as follows:

1.6570 - Hence the reason price action stopped yesterday, April 3, 2014 at 1.65702
1.6500

HDA OUT
  • #370,415
  • Apr 3, 2014 11:54pm Apr 3, 2014 11:54pm
Good day to you,

I'm possibly a little early on my long. But that is the plan for me. This on 30min chart - using 4hr chart info as a guide. Just have to apply patience and time entries from hereon. Then hold for a little profit.

I'm going to be out most of the day - so will set some limits and wait.

All the best
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm30.png Size: 81 KB
  • #370,416
  • Apr 4, 2014 12:00am Apr 4, 2014 12:00am
Good Morning Forex Factory Members and Guest

NO HINDSIGHT TRADING

I continue to trade Game Plan Buyers (day traders/scalpers)
Buy 1.6640 and exit some 1.6660 and exit the rest 1.6675 (final exit adjusted, from 1.6675 to 1.6640)
Buy 1.6605 and exit some 1.6625 and exit the rest 1.6645 (was triggered, final exit adjusted to 1.6640)
Buy 1.6585 and exit some 1.6605 and exit the rest 1.6625/45 (was triggered, final exit adjusted to 1.6620)
Buy 1.6555 and exit some 1.6575 and exit the rest 1.6595/1.6645 (order cancelled)

1.6660 was closed for +20 pips (as you all already know)
1.6605 was closed for +20 pips from the 1.6585 buy that was triggered.

1.6570 Options Expiry in play.

As it stands now at 1:00am eastern when this post is being written, the GBP/USD is trading at 1.65887 and if I closed all trades, I would still be in profit, but I will hold them before NFP at 8:30am eastern and then exit all the trades.

Let's see what Happens

Tuesday, April 1, 2014
Please see post:http://www.forexfactory.com/showthre...17#post7376217

+40pips short scalp from 1.6680 to 1.6640 worked out - no loss

Total pips made so far +80pips, still holding 3 painful long scalp trades - no losses so far

What a week - Like I said - This is it for me, I'm done scalping, I'm a position trader for life.

HDA OUT
  • #370,417
  • Apr 4, 2014 12:05am Apr 4, 2014 12:05am
Quoting mejo
{quote} Hi HDA! What about closing scalps before today's dragi's speech? You will leave your scalps as they are? Regards
@mejo:

Yes I did

HDA OUT
  • #370,418
  • Apr 4, 2014 12:06am Apr 4, 2014 12:06am
Quoting Bones
right if your out ill think ill have day off {quote}
@Bones:

You crack me up

HDA OUT
  • #370,419
  • Apr 4, 2014 12:09am Apr 4, 2014 12:09am
Quoting HDA
{quote} @Ill-b-back: I smiled when I saw your chart We are both seeing the very same thing. When trading based on charts, you must always trade off of the most recent AB Swing. Hence your Daily chart: A being 1.64601 B being 1.66843 Which shows a 0.50 retrace with a D Extension of 1.68214 If you then go to the 1H chart, you will see the candle stick formation Tweezer Bottoms. Which represents a bullish buy signal - (for those traders who trade with, charts, fibs, candlestick formation and trend direction). Hence PayTheLimit's response: {quote}...
G'day HDA, well it's good to know I'm not completely crazy.
Would take some bad data today compounding yesterdays bad US data to send us north, but I'm locked and loaded for any eventuality.
Up or down would be fine by me
Come with me if you want to live....
  • #370,420
  • Apr 4, 2014 12:10am Apr 4, 2014 12:10am
Quoting A-speculator
{quote} , don't go too harsh on that man bones.. lol.
@A-speculator:

Humour is never a bad thing It's healthy

HDA OUT
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