Cable Update (GBPUSD)

So you are the majority or minority bro ?
The problem now is most of members know that you are just keep talk and talk.... from Pound rise from 1.4813 till now
Just try hard learn how to read the PA well first without keep showing your emotion when the move against you everytime

Hello,

what is Your BLUE MA?? or better what set up's EMA's You have??

Ummmm.... not that I allow myself to get involved in these personal attacks and trader-osterone chest pounding much but, The image of his post you attached was for EUR/USD not reaching 1.4813 as some are saying it will, not the GBP/USD rising from 1.4813 to here.

Davit does rather well "counter trading" the market. If folks are going to attack each other (which I find ridiculous at best), at least get the "facts" straight first.

Are you ready for the next Big Wave ? The Monthly PA supported the Bullish very well - lets see if we break and close solidly above the strong resistance zone next

Good morning Chris
Looks like as more my trading improves and profits raise more my haters make it their business to point out how much I suck!
Could be just coincidence that number of haters increase as my equity grows substantially.

Here is massage to my haters
Don't like my posts put me on ignore and don't read them! Plain and simple
Don't like my trading? Excuse me simpleton!Its my money I am trading!Not yours!If your charts generate so much profits then why should you care what others post!Are you feeling insecure because of my posts?
One idiot called me "Artist" and applied I am gay..as though being an artist default is gay that alone is idiotic reasoning.Not that bothered me but fact is I am married and raised two boys.Cheap posts like that I am basically done with this thread
Traders who understand me are on higher quality level and that's what it takes to succeed.Dose of intelligence!
Cio

Always look at price acton number stop or continue .68 & .32, then u will see what is strong number move price up and where it stop.​

Attached Image (click to enlarge)

Good Morning Davit. Never let it bother you bro. Lord knows you need no defense from me but I just dislike inaccurate claims so I though I'd shoot my mouth off.

Jealously and envy will always rear their ugly heads. But if folks are going to actually allow it out of their bag, they should at least do so with facts and truth. I've seen your steady progress over the years and hope I can do the same as you (and others here) one day. I'm getting better and always learning. You and I may have differing views on "overall" long term direction but that has little to do with how one actually trades the market in any given condition. All the best always and keep banking those pips bro.

Funny part the guy applied I was shorting cable since 1.48
Or kept shorting since.Just pathetic.Yes I took some losses at 1.62 but I never claimed I never take losses.Good traders should take losses when wrong.
It just amazes me about some people here.The stupidly level is bewildering.
regards

LOL ... I'm the youngest of 4. As such, I took a bit of ridicule from my siblings and was the butt of many jokes.
I've never forgotten what my folks told me as a kid. "Just ignore them and they'll go away" ... I was a pretty happy kid.

Monthly moan ending April 2014

Time is said to be a wonderful healer: it is also capable of smacking one’s expectations of progress right back down again when it comes full circle.
I recently had the opportunity to return back to the womb of my formation – the UK – and in so doing, decided to extend my trip back to the head office… in order to visit the cash-strapped streets where as a teenager, I used to try and look cool. Oh how we may laugh at ourselves through the sternness of maturity.

Anyway, the location of my unknown embarrassment is irrelevant, as, being a small town adjacent to a city, and with little, to no greenbelt separating these two worlds, it is fairly representative of many others that are gridlocked within this septic isle. Yes, that’s right, it was a rather sore sight; festering, I would argue, under a lack of remedy for retail. All of which was already advertising Spring sales just as the Winter’s knockdown had finished – and with the plethora of charity shops and pawn-brokers fighting to sterilise the amount of fast-food outlets vying to fatten up the nation.

I was also listening the car radio, and its discussion concerning how the UK Secretary of State for Culture, Media and Sport, a Cabinet Minister (and so top level) by the name of Maria Miller, had added her name to the growing list of Members of Parliament that had been caught lying on their expenses. She is also afforded the title of the Right Honourable – an oxymoron if ever I heard one when explaining most politicians today – and who used her position to bully authority into not pursuing her fraud, deceit and abuse of position. Of course, if any of us lower down the chain of comfort (but higher up the ladder of morality, and so less inclined to corruption), had acted similarly, we would be swiftly prosecuted, and then incarcerated.

It was at about this time that I had to stop at a set of traffic lights within the centre of town, and was subsequently greeted by the local culture. Feral, is perhaps the best descriptive for it, and I’m not sure if any of these children were above the age of fourteen; with some of the younger ones appearing to be below the age of ten. Regardless, they demonstrated, through their behaviour, a distinct cultural shift away from that which I remember back in the days when I was a lad. Admittedly, that was quite some number of years ago.

Now, I’m in no way claiming that I was a paragon of virtue – I dreaded school report day, and the consequences for me once back at home - but I most certainly did not dare to do what one young man decided to. That is, bang his fist on the bonnet of my car – his friends of ten or so in number were doing likewise on other cars – whilst moving across the road.

I mean, I would have fully expected to face repercussions that involved either a clip around the ear, or kick up the arse. But then, that was in the days when public servants and role models exhibited a morality of higher standard that did trickle down to the general public.

Looking at the young man, my protestation against this action was met by my receiving the bird (middle finger gesture of appreciation of me)… and not by the young accoster, but by a younger lady of angelic appearance. Hmm, if she keeps that attitude up, she may be fun when she’s twenty one… pause, and another… okay - oh, what, a little close to the mark of being borderline humour?

Hmpf, charming, I thought, and, somewhat sadly, indicative, I think, of the degradation of behavioural standards that our youth (and adults) are being exposed to as time progresses on. And I blame such lack of consideration for others, on those at the very top. Indeed, the depravity of morality being exhibited seems only to be matched by the apparent lack of any sincere consideration for the fate of the nation.

As for the children in front of me, it did cross my mind that perhaps they had resigned themselves to a life of social depravity – kids aren’t stupid, and can see what is in front of them - but also to a lack of repercussions to their actions; supported, one could argue, by the almost daily reports of how power is allowed to reign as it sees fit; amend rules for itself in order to facilitate financial corruption that laws prevent the public from also engaging within; and generally, cultivating an environment of forgiveness for behaviour that, not a generation previous, would have been crushed under the mass of taking responsibility for one’s actions, and thus not acting so selfishly in the first place… a crack around the ear from an adult also helped. As too, did the support for such action from parents… if one was brave enough to tell one’s parents of why one was cracked in the first place.

And so I refrained from jumping out of the car and imparting a little wisdom upon the future of my motherland. Primarily out of the fear of being jumped on by a pack of prepubescent predators that these days, would be forgiven their actions, as no figure in authority is willing to anymore say that what these kids deserve is a dose of discipline. Instead, they will all of no doubt been diagnosed with some form of attention deficit disorder – read, just plain unruly, and with full knowledge of what they can these days get away with – and with no person in a position of social authority daring to utter anything other than the party line that will ensure continued tenure in their salaried positions.

I also feared getting stabbed with a blade...

You dont need to look too far to see who the mother of all idiots and clowns is! Personally I believe that too much YAP YAP goes on in this forum. Let everyone attach his or her live account to a trade explorer and let that do the talking. I stopped posting my trades cause of a lot of idiotic statements by some professional losers!

Here here ... Nice piece.

1. 3 Reasons Why the Dollar Erased Post NFP Gains
2. What is the Greatest Risk for EUR Next Week?
3. What Could Drive GBP to 1.70
4. Will NZD Hit for Fresh 2 Year Highs?
5. AUD: Busy Week Ahead with RBA, PMI and Retail Sales on Tap
6. CAD: Oil and Gold Prices Rebound
7. Rally in Yen Crosses Fizzle, Disposable Incomes in Japan Fall

3 Reasons Why the Dollar Erased Post NFP Gains
When the non-farm payrolls report was initially released, the U.S. dollar traded sharply higher against all of the major currencies but by the end of the North American trading session not only did the greenback give up all of its gains but the S&P 500 and Treasury yields also turned lower. Even though non-farm payrolls rose by the largest amount since January 2012 and the unemployment rate dropped to its lowest level since September 2008, investors were not impressed. We can provide at least 3 reasons why the dollar erased its pose NFP gains. #1 - There was underlying weakness in the data with the improvement in the unemployment rate driven primarily by the drop in labor force participation. #2 - The NFP report won't change the Fed's stance on monetary policy. When Yellen speaks next week, she will remind us that tapering does not equal tightening #3 - The slide in U.S. yields after a strong jump in payrolls makes the dollar a more attractive funding currency. All of this has investors thinking that if the dollar can't rise after the increase in payrolls, nothing will be able to drive it higher in the near term. Outside of the ISM non-manufacturing report, there are no major U.S. data scheduled for release next week and with NFPs released before ISM, Monday's report carries even less significance. Instead, speeches from Federal Reserve officials will play a bigger role in how the dollar trades but we don't expect any excessive optimism.
The April labor market report blew out everyone's expectations. Non-farm payrolls rose 288k in the month of April, up from 203k. The most optimistic Wall St economists were calling for a 250k rise but what really caught the market by surprise was the sharp improvement in the unemployment rate, which fell to 6.3%, its lowest level since September 2008. At best, economists were looking for an improvement to 6.5% from 6.7%. The report would have been unambiguously positive for the dollar if not for the drop in the labor force participation rate, which indicates that the only reason why the unemployment rate declined was because 806k people dropped out of the work force. Average hourly earnings also stagnated so for the time being no there's major risk of inflation.
Everyone will be looking to next week's speech by Janet Yellen for indications on whether the improvement in the unemployment rate will accelerate the central bank's plans for tightening and unfortunately we think that the answer is still no. Internally, policymakers may consider pulling forward their rate hike plans but these views will not be shared publicly because of the upside risk they pose to yields. Job growth was very strong and the unemployment rate declined but Yellen will most likely downplay the improvement by saying that tapering does not equal tightening. When she delivered her first post monetary policy meeting press conference, she said rates could rise 6 months after QE ends. If the central bank continues its current pace of tapering, asset purchases should reach zero by October or December at the latest and 6 months after that would be sometime between April and June which is right in line with current market expectations. Given the drop in labor force participation and zero wage growth, there's no reason for the Fed to ramp up expectations for tighter monetary policy. In fact, it would be in their interest rates to keep rates low to encourage workers to return to the workforce.
Here are My Top 10 Takeaways from US Jobs Report:

1. Not a Game Changer for Fed Since Labor Force Participation Down and Wage Growth Flat
2. Flattening of yield curve post NFPs - Means USD Rally Limited
3. Rate Hike Expectations Pulled forward to June 2015 form July 2015 - No big deal
4. Non-Farm Payrolls 288k vs. 203k - Strongest since Jan 2012
5. Unemployment Rate 6.3% vs. 6.7% - Lowest since September 2008
6. Labor Force Participation Rate drops to 62.8% from 63.2% - Improvement in unemployment rate caused by shrinking workforce (806k people dropped out)
7. Broader U-6 Unemployment Rate drops to 12.3% from 12.7%
8. Average Hourly Earnings Stagnates - No Wage Growth
9. Manufacturing Employment grows 12k from 7k
10. ***Yellen is speaking next week, she will most likely repeat tapering does not equal tightening

What is the Greatest Risk for EUR Next Week?
At the beginning of this week we promised an increase in the volatility of the EUR/USD and while we were right in that the weekly range expanded from 77 pips to 116 pips, it was hardly a cause for enthusiasm. It wasn't too long ago when the currency pair would move 100 pips each day, adding to an existing trend. The consolidative price action in the EUR/USD over the past 2 weeks reflects the market's expectation that there won't be any surprises from the ECB or the Fed in the near future. Both central banks are comfortable with their current course of monetary policy even though the ECB has been talking about doing more. The focus will shift from the U.S. dollar to the euro next week with inflation, spending, industrial production and trade data scheduled for release. Of course the biggest event risk on the calendar is the European Central Bank's monetary policy decision. While no changes are expected from the ECB, Mario Draghi's press conference always has the potential to trigger a big move in EUR/USD. In an attempt to talk down the euro last month, Draghi outlined all of the ways the central bank could loosen monetary policy. The greatest risk for euro in the coming week is the press conference because if Draghi intensifies his criticism about the strength of the euro, it could send the currency tumbling. However the words need to be very strong to send a clear message to the market. Draghi has never called the euro move "brutal" but if he adopts the language used by his predecessor Trichet, it would do the trick.
What Could Drive GBP to 1.70
As we have seen over the past week, it does take much to drive the British pound to fresh highs. Despite slower growth in construction activity during the month of April, sterling held onto this week's gains, ending the day just shy of its 4.5 year highs. Based on the overall momentum of the currency and the weakness of the U.S. dollar, we would not be surprised if GBP/USD hit 1.70 in the coming week. There's no shortage of catalysts including the PMI services report, industrial production and trade balance. If service sector activity accelerated last month, it could trigger an extended rally in the currency. The Bank of England also has a monetary policy announcement but they are widely expect to leave policy unchanged which makes it a nonevent for the British pound. Softer U.S. data or dovish comments from Janet Yellen could also drive GBP/USD higher. Its worth noting that speculators took profits on some of their long sterling positions this past week when the currency pair struggled to break 1.6850 according to the CFTC but now that it has, we would not be surprise if those long positions were reloaded.

...trying to break the monotony of trading for at least one post within a month.



And I commend your position regarding

Because nothing unexpected happened (further taper & improving unemployment macro) and there is still no official action from Draghi,
Pound will hit 1,70 because there is nothing bad with fundamental picture in economy and 1,6822 was bought and that makes 1,70 a valid target,
Kiwi is rallying cause there is nothing like a good carry trade in the world where investors look for any decent return.
Keep it simple add charts, no need for too much thinking
regards

Actually, it seems the post was correct.
It quotes him saying we are clueless idiots for thinking Euro will go to 1.4-1.44, yet he now says he doesn't care if it goes to 1.4 as he will keep selling from there.

The guy likes to impart his fundamental knowledge and " exchange ideas", but when fundi ideas from a balanced perspective not just Euro of UK are offered up, no discussion is engaged in.

He has a strong go at ridiculing traders such as Likerty and others for their views, as well as general statements such as that posted by Daily Chart. He claims his comments, offensive or not, are for good will and to help people out. Yet when offered insights on Friday to his confusion at the green number price action, he reacts like a spoilt child and puts them on ignore.

He has been critical of traders trying to anticipate the words and consequences of Central Bankers and how it will affect their trading, yet he does the same with the BOE, ECB and the FED. Yellen caught him quite off guard also, doing pretty much the exact opposite of what he "anticipated".

Personally I don't mind a bit of heated debate and blowing off steam, at times we all do, but if we can't handle a bit of "blow back" I believe is the convenient term, then we should really mind what we say and how strongly we wish to convey our views.

its just so common and easy for people to throw their weighted views around, then play the "innocent me card" and cry foul when our own character/communication flaws bring consequences.

I remember when he first started on here, we were idiots for following patterns , TL's and pivots, now he uses all these things. Now he is ramming UK/Euro fundamentals down our throats as his "Big Picture" while ignoring the shift in global sentiment away from his own currency, but we are all idiots for buying the Euro?

As such, it's obvious we learn things along the way, so we should be wary of what we think and say about someone elses view. I understand this is not always going to happen due to emotions and fake "AH HA.." moments, where we think we have the workings of the market sussed, but really, if we are going to fold and take our bat and ball and go home when our own actions come back to slap us, then how much sympathy should we really have?

Personally, I also think he is very good counter trend trader and results speak for themselves, but I find his criticisms and hypocrisy are a bit hard to swallow. I hope he keeps posting, but he really should be able to take some of his own medicine when it inevitably comes back his way.

@whitescalper:


Wednesday, April 30, 2014 at 8:26am




Wednesday, April 30, 2014 at 8:47am



Wednesday, April 30, 2014 at 10:10am

Hang In there my friend



Wednesday, April 30, 2014 at 11:48am


Friday, May 2, 2014 at 11:34am


Don't Forget Your Stop Loss PLEASE!!!



HDA OUT

p.s. I'm still under Forum Arrest but had to make this post. Whitescalper, I care.

@Davit:

You can take Pipocrates off your ignore list, his membership with FF was revoked


http://www.forexfactory.com/attachme...1&d=1399052958


HDA OUT


p.s. I'm still under Forum Arrest GONE AGAIN!

LOL.... I know you guys pretty much hate each other. That's fine. I was not, nor am I critiquing "personalities" on either side here. Only the facts.

Regarding the "facts", I think if you look at BOTH the image posted about EU AND the words written in the post, you'll see if it was correct or not buddy.

At least the inference I took from the post was, he was posting an image about EU, but the post words were written about GU. Quite misleading in my humble view.

Pretty wood carving to bribe wife offer still stands.