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Cable Update (GBPUSD)

  • #376,781
  • May 8, 2014 2:46pm May 8, 2014 2:46pm
Quoting jmtini
{quote} Great call!!
lol. he might get hindsight from me. http://www.forexfactory.com/showthre...21#post7431021

just let you know that I pee more than he can. lol
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #376,782
  • May 8, 2014 3:13pm May 8, 2014 3:13pm
Quoting BeyondD
Anyone here think its a good idea to place a small speculative long tomorrow at 7 am pre gbp news as a set up for a day trade?.
Maybe if the price is near 1.69 or 1.688, you could be lucky, otherwise I'm not sure about that
  • #376,783
  • May 8, 2014 3:34pm May 8, 2014 3:34pm
Hello GBP/US

Had to catch some shut eye

eyes were looking like piss holes in the snow

But the spike EUR/US smoked out my longs

an gone back 1.3835 TP just under 1.40 etc

Now GBP/US I had my longs set way higher

Which was not the smartest thing to do

as I thought 1.70 was a given.

I got a bigger pending order at 1.688 tp 1.70+

Not sure if we will break 1.70 this week

At least this way they bring in more buyers etc
  • #376,784
  • May 8, 2014 3:38pm May 8, 2014 3:38pm
Lets be honest its not going to your target for quite some time, ,actullly looks great short ,



Quoting HDA
{quote} @Fxtein: All You And I Can Do, Is Just Wait And See What Eventually Happens What is very clear, we are both making money. HDA OUT
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcaddaily.png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #376,785
  • May 8, 2014 3:48pm May 8, 2014 3:48pm
Quoting Carlicus
{quote} Oh I see, I didn't know about that terminology, but I found it on the net AB = CD, right? {image} I know about that, of course, but under another terminology: external projections or external retracements. The 100% projection from C makes D equal to 1.706 approx.
@Carlicus:

Are you there???

Please respond, I am going to walk you through the GBP/USD

HDA OUT
  • #376,786
  • Edited 4:04pm May 8, 2014 3:50pm | Edited 4:04pm
Quoting Bones
Lets be honest its not going to your target for quite some time, ,actullly looks great short , {quote} {image}
@Bones:

I know you know what position trading is

Patience

When trading the GBP/CAD, the analysis must never be done on the GBP/CAD. The analysis must only be done on the GBP/USD and the USD/CAD - I should say, that is my approach

Please see post from Davit's Confluence Trading, September 1, 2013.
http://www.forexfactory.com/showthre...04#post6932504

Please see post from trader srt, which clearly, illustrates the first post above.
http://www.forexfactory.com/showthre...20#post6932720




HDA OUT
  • #376,787
  • May 8, 2014 3:54pm May 8, 2014 3:54pm
Quoting HDA
{quote} @albchr: Patience HDA OUT
I'm not sure you know what I meant by that but... ...
Ghost Rider - WWTBMD?
  • #376,788
  • May 8, 2014 3:56pm May 8, 2014 3:56pm
Quoting HDA
{quote} @Carlicus: Are you there??? Please respond, I am going to walk you through the GBP/USD HDA OUT
Here I am Sir, I'm all ears
  • #376,789
  • May 8, 2014 3:57pm May 8, 2014 3:57pm
Quoting JimmyC
Good night GU Daily Breakout tested... {image} EU Daily Might need to measure, but is that bearish engulfing {image} Looks like EU and GU got a divorce
Ghost Rider - WWTBMD?
  • #376,790
  • May 8, 2014 4:03pm May 8, 2014 4:03pm
Quoting Carlicus
{quote} Here I am Sir, I'm all ears
@Carlicus:

Now that you understand what I meant by the D Extension. I want you to open a CLEAN GBP/USD daily chart with nothing on it but just your candles.

Once you have done that please let me know

HDA OUT
  • #376,791
  • May 8, 2014 4:08pm May 8, 2014 4:08pm
Quoting HDA
{quote} @Carlicus: Now that you understand what I meant by the D Extension. I want you to open a CLEAN GBP/USD daily chart with nothing on it but just your candles. Once you have done that please let me know HDA OUT
Ready!
  • #376,792
  • May 8, 2014 4:15pm May 8, 2014 4:15pm
Quoting Carlicus
{quote} Ready!
@Carlicus:

Since you trade with fibs, we will just use the fibs for you to see what clearly is happening.

Pull the fibs from

A - 1.6252 to
B - 1.6822

and tell me what price was the C and the fib level and what is the D extension

HDA OUT
  • #376,793
  • May 8, 2014 4:23pm May 8, 2014 4:23pm
Quoting hda
{quote} @carlicus: Since you trade with fibs, we will just use the fibs for you to see what clearly is happening. Pull the fibs from a - 1.6252 to b - 1.6822 and tell me what price was the c and the fib level and what is the d extension hda out
C ≈ 1.6459
D ≈ 1.7029

But if you take the external retracement 161.8% from B to C, then D would be ≈ 1.7044
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddailya.png Size: 58 KB
Click to Enlarge Name: gbpusddailyb.png Size: 58 KB
  • #376,794
  • May 8, 2014 4:30pm May 8, 2014 4:30pm
Quoting Carlicus
{quote} c ≈ 1.6459 d ≈ 1.7029 {image} {image}
Your D extension is 1.71734 and not 1.7029

Look again - Your D extension for a .328, .50 and .618 retrace is always 1.618

HDA OUT

Do you see that now?
  • #376,795
  • May 8, 2014 4:36pm May 8, 2014 4:36pm
Quoting HDA
{quote} Your D extension is 1.71734 and not 1.7029 Look again - Your D extension for a .328, .50 and .618 retrace is always 1.618 HDA OUT Do you see that now?
According to my broker data:

B = 1.68224
C = 1.64601

The 161.8% extension from B to C ==> D ≈ 1.7045
  • #376,796
  • May 8, 2014 4:40pm May 8, 2014 4:40pm
I understand position trading I guess but you gotta be taking large orders to make money ?
I mean to get excited about the intrest id have to be trading huge position
imo gbp cad is building short ,position trader will be thinking short ,
Cad itself is set up bullish ,
whilst gbp is up against huge weekly res


Quoting HDA
{quote} @Bones: I know you know what position trading is Patience When trading the GBP/CAD, the analysis must never be done on the GBP/CAD. The analysis must only be done on the GBP/USD and the USD/CAD - I should say, that is my approach Please see post from Davit's Confluence Trading, September 1, 2013. http://www.forexfactory.com/showthre...04#post6932504 Please see post from trader srt, which clearly, illustrates the first post above. http://www.forexfactory.com/showthre...20#post6932720 HDA OUT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadlfxmonthly 8 may.png Size: 26 KB
Click to Enlarge Name: cadlfxdaily 8may.png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #376,797
  • May 8, 2014 4:41pm May 8, 2014 4:41pm
@albchr:

What is your D extension for the exercise I am going through with Carlicus?

HDA OUT
  • #376,798
  • May 8, 2014 4:43pm May 8, 2014 4:43pm
Quoting HDA
@albchr: What is your D extension for the exercise I am going through with Carlicus? HDA OUT
1.71743
Ghost Rider - WWTBMD?
  • #376,799
  • May 8, 2014 4:45pm May 8, 2014 4:45pm
Quoting Bones
I understand position trading I guess but you gotta be taking large orders to make money ? I mean to get excited about the intrest id have to be trading huge position imo gbp cad is building short ,position trader will be thinking short , Cad itself is set up bullish , whilst gbp is up against huge weekly res {quote} {image} {image}
@Bones:

Lets See What Happens

I hold trade for months

My positive GBP/USD swaps are being used to offset my negative GBP/CAD swaps while I hold both Profits.



HDA OUT
  • #376,800
  • May 8, 2014 4:46pm May 8, 2014 4:46pm
Quoting HDA
@albchr: What is your D extension for the exercise I am going through with Carlicus? HDA OUT
Then clearly you are doing a different projection than I. Look at this picture and this is what I'm doing. What am I doing different than you??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 42 KB
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