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Cable Update (GBPUSD)

  • #376,061
  • May 6, 2014 7:00am May 6, 2014 7:00am
Quoting Davit
{quote} Thanks for asking HDA I have some shorts in red.Have not added new ones.My main trades are on Euro Regards

Hi Davit - what are your thoughts on Eur Usd today after this break to the upside.....testing those Fib levels agains...
  • #376,062
  • May 6, 2014 7:00am May 6, 2014 7:00am
Quoting FxMaximus
{quote} HDA, for the benefit of myself and others on this board...WHAT constitutes a "Daily Close". At what time of Day?
@FxMaximus:

London Close 11:30pm Eastern

Some Traders think it is 12noon Eastern

I won't debate the matter, we are all entitled to our opinion.

Lets just trade and make pips

HDA OUT
  • #376,063
  • May 6, 2014 7:03am May 6, 2014 7:03am
Quoting Feefee
{quote} Hi Davit - what are your thoughts on Eur Usd today after this break to the upside.....testing those Fib levels agains...
I see 1.40 as panic level as far as possible action by ECB or strong verbal announcement by Draghi.Either way I am not sweating.
Current sell off of USD is overdone in my humble opinion considering latest numbers were green.I attribute this to Ukraine crises which is causing billions of Russian Ukrainian money flooding into Euro and Pound.EZ by itself does not warrant such numbers.Is it sustainable specially on Euro? Not under current fundamentals.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #376,064
  • May 6, 2014 7:05am May 6, 2014 7:05am
Quoting Davit
{quote} Thanks for asking HDA I have some shorts in red.Have not added new ones.My main trades are on Euro Regards
@Davit:

I know you know what you're doing. If I was worried, I would've sent you a PM as always.

Hang in there my friend


HDA OUT
  • #376,065
  • May 6, 2014 7:06am May 6, 2014 7:06am
Quoting HDA
{quote} @FxMaximus: London Close 11:30pm Eastern Some Traders think it is 12noon Eastern I won't debate the matter, we are all entitled to our opinion. Lets just trade and make pips HDA OUT
Thanks HDA and thanks FxMaximus for the question. I've never really known. My broker uses GMT 00:00 as the open and close of the daily bar "on my screen".
Ghost Rider - WWTBMD?
  • #376,066
  • May 6, 2014 7:13am May 6, 2014 7:13am
To me Day closes at 5pm EST NY close which concludes both London and NY
In trading, you have to be defensive and aggressive at the same time
  • #376,067
  • May 6, 2014 7:14am May 6, 2014 7:14am
@HDA:

I wonder why do you always say "HDA OUT" when you finish your message? I'm just curious about it, cause it's obvious where the message ends.
  • #376,068
  • May 6, 2014 7:18am May 6, 2014 7:18am
Quoting Carlicus
@HDA: I wonder why do you always say "HDA OUT" when you finish your message? I'm just curious about it, cause it's obvious where the message ends.
@Carlicus:

Welcome back I saw that you were on suspension

Nice to meet you

Its just my trademark , its the same as you using that photo as your Avatar.

HDA OUT
  • #376,069
  • May 6, 2014 7:22am May 6, 2014 7:22am
Quoting HDA
{quote} @Carlicus: Welcome back I saw that you were on suspension Nice to meet you Its just my trademark , its the same as you using that photo as your Avatar. HDA OUT
Awwwww..... and here I thought you were a fellow trucker and that was just CB speak....
Ghost Rider - WWTBMD?
  • #376,070
  • May 6, 2014 7:23am May 6, 2014 7:23am
Quoting albchr
{quote} Thanks HDA and thanks FxMaximus for the question. I've never really known. My broker uses GMT 00:00 as the open and close of the daily bar "on my screen".
@albchr:

75% of the 5.4 trillion that is traded on the Forex Market happens in the first hour of London Open

HDA OUT
  • #376,071
  • May 6, 2014 7:26am May 6, 2014 7:26am
Have a feeling we might see a retracement anybody agree?
I wish I could time travel, I'd be "very" rich
  • #376,072
  • May 6, 2014 7:26am May 6, 2014 7:26am
no 1700, trust me my mothers a policeman ??
  • #376,073
  • May 6, 2014 7:26am May 6, 2014 7:26am
Quoting HDA
{quote} @Carlicus: Welcome back I saw that you were on suspension Nice to meet you Its just my trademark , its the same as you using that photo as your Avatar. HDA OUT
Nice to meet you HDA,

Yeah, I was on suspension apparently because of a debate with ruffryders ... I don't get why I was suspended but not him? I mocked him just because he started mocking me. I asked the moderator the reasons about my suspension but he hasn't say a word.

I have another question for you: if your TP is 1.70 and now it reached 1.69959 ... wouldn't be safer to close your position now? You are really confident on it
  • #376,074
  • May 6, 2014 7:27am May 6, 2014 7:27am
Hi all, Quite new to all this made a few $$$ and lost a few more $$$ but still on top! Been looking at GBP/USD and looking to short around the 17000 /17040, looked back in history and the last high was 17042! 3rd August 2009 any sensible comments?
  • #376,075
  • May 6, 2014 7:27am May 6, 2014 7:27am
going back to 1.68..
visit www.OlimpiaFX.com
  • #376,076
  • May 6, 2014 7:28am May 6, 2014 7:28am
Let see what kind of activity we get between now 10:28am Eastern and coming up to 11:30am Eastern, Will there be a PUSH for the 1.7044 high before the (debatable) closing time.

HDA OUT
  • #376,077
  • May 6, 2014 7:31am May 6, 2014 7:31am
Quoting HDA
{quote} @FxMaximus: You are correct. One of the biggest lessons I've learnt in this business is to always control my greed. So while the market is eyeing 1.7044, i'm getting out at the Options Barrier level 1.7000 In order to get to 1.7044, the market must first take out the Options Barrier at 1.7000 The bulls know stops are up there and once you see the market holding like this, its because of that Options Barrier. One just has to be patient now to wait for the PUSH. FINAL THOUGHT AGAIN Scenario 1 The 2009 High 1.7043 on the GBP/USD if taken out...
HDA
Just wanted to say you buying GU at 1.48 (some were throwing numbers like 1.30's)at the time was weak hence you were buying weakness so you were counter trading.
How is that same principle can't be applied to going long on USD when obviously its pretty weak now.
regards
In trading, you have to be defensive and aggressive at the same time
  • #376,078
  • May 6, 2014 7:32am May 6, 2014 7:32am
Quoting HDA
Let see what kind of activity we get between now 10:28am Eastern and coming up to 11:30am Eastern, Will there be a PUSH for the 1.7044 high before the (debatable) closing time. HDA OUT
She's trying it seems. Will be interesting to see.
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Ghost Rider - WWTBMD?
  • #376,079
  • May 6, 2014 7:34am May 6, 2014 7:34am
Attached Image (click to enlarge)
Click to Enlarge Name: day3.png Size: 110 KB
big sell of back to red ema
  • #376,080
  • May 6, 2014 7:34am May 6, 2014 7:34am
Quoting Carlicus
{quote} Nice to meet you HDA, Yeah, I was on suspension apparently because of a debate with ruffryders ... I don't get why I was suspended but not him? I mocked him just because he started mocking me. I asked the moderator the reasons about my suspension but he hasn't say a word. I have another question for you: if your TP is 1.70 and now it reached 1.69959 ... wouldn't be safer to close your position now? You are really confident on it
@Carlicus:

I did not see a reason for your suspension either, but that is behind you. I read through the debate you had and you were both arguing your points. It was a healthy debate.

Don't look back. Don't take it personal. Let it Be and move on.

I could close, but the market has not given me any reason to close early.

I am not a scalper.

I hold for targets as a position trader unless the market says otherwise.

HDA OUT
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