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Cable Update (GBPUSD)

  • #388,461
  • Jul 23, 2014 7:53am Jul 23, 2014 7:53am
Quoting HDA
{quote} @Hickson: Everything comes with time. As I have been sharing before, the key to trading the forex is understanding factually, why the market is doing what its doing. Only Trade Facts. Traders use indicators as a guide or edge to trading profitably and it works for some. Traders use fundamentals and it works for some Traders just guess and it works for some. But just imagine, you knowing the facts, while being guided by price action. Imagine where that can take you. Imagine the level of confidence you will have holding your trade, because...

Couldn't agree more.
  • #388,462
  • Jul 23, 2014 7:59am Jul 23, 2014 7:59am
Quoting Windstrown
{quote} Impressive speach. looking foward to the end of this downside i have a buy entry at 1,6985 where my fibo hits. but your "facts" intimidate me so i think i will keep the entry postponed untill im sure the correction is over lol. Again nice speach
It ill bounce at that level prob 16987... prob 40 odd pips back too 17043/46 then continuation short... 16996 is the actual level but as it is short biased it will eat into that level so 1.6987/86 is about right when you look at the charts etc
  • #388,463
  • Jul 23, 2014 7:59am Jul 23, 2014 7:59am
Quoting cspip
{quote} {quote} Now after 1.7024, if it does go up, could be 1.7064 or upto 1.7077
Maybe, possibly, could. I suppose 6900 or 6750 is just as ... Maybe, possibly, could. After seeing this PA structure, I'd be happy to see anything just short of breaking 7100. Or, I'll be happy to short from here if PA says so.

I may not have his facts but, Like HDA says, Let's see what happens.
Ghost Rider - WWTBMD?
  • #388,464
  • Jul 23, 2014 8:04am Jul 23, 2014 8:04am
Quoting HDA
{quote} @Hickson: Everything comes with time. As I have been sharing before, the key to trading the forex is understanding factually, why the market is doing what its doing. Only Trade Facts. Traders use indicators as a guide or edge to trading profitably and it works for some. Traders use fundamentals and it works for some Traders just guess and it works for some. But just imagine, you knowing the facts, while being guided by price action. Imagine where that can take you. Imagine the level of confidence you will have holding your trade, because...
Hi HDA

I was really lost as in what did you see to see GBPCAD at 1.90? I look at 1 mth TF and the nearest I get is 1.89234. Maybe you can shed some light on this? As in what TF I should be looking at.
GBPUSD, I do see the numbers both 1.69 and 1.675 as I am also trading on re-trace system.
  • #388,465
  • Jul 23, 2014 8:06am Jul 23, 2014 8:06am
Quoting Davit
closed all GU shorts 8 positions at 7025+940pips! Closed all G/CHF shorts at 5363 Total of +180pips {image}
@Davit:



HDA OUT
  • #388,466
  • Jul 23, 2014 8:08am Jul 23, 2014 8:08am
Quoting elbert3
{image}{image} any body who reads my posts will see thar i post,,price has to get back to the emas,,,,,take your pick gentlemen regards E still 20 i would say thou to get past
Ok but the problem is when and which one? Glad to see you found your way back.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4723.jpg Size: 152 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #388,467
  • Jul 23, 2014 8:08am Jul 23, 2014 8:08am
Quoting cspip
{quote} {quote} Now after 1.7024, if it does go up, could be 1.7064 or upto 1.7077
That would put it right around the 61.8 retrace of my last 4 hour candle, so that might happen. I would actually like it to happen, because it would likely give me another setup. That being said, sometimes, every once in a while, the bottom just falls out after a big bear candle like the last one, so its possible it may drop like a rock as well. Nobody knows but the market. Thats the fun part.
  • #388,468
  • Jul 23, 2014 8:11am Jul 23, 2014 8:11am
Quoting Davit
closed all GU shorts 8 positions at 7025+940pips! Closed all G/CHF shorts at 5363 Total of +180pips {image}
Nicely done Davit!!
Ghost Rider - WWTBMD?
  • #388,469
  • Jul 23, 2014 8:13am Jul 23, 2014 8:13am
Quoting Nate04
{quote} That would put it right around the 61.8 retrace of my last 4 hour candle, so that might happen. I would actually like it to happen, because it would likely give me another setup. That being said, sometimes, every once in a while, the bottom just falls out after a big bear candle like the last one, so its possible it may drop like a rock as well. Nobody knows but the market. Thats the fun part.
The retracement will be there after she finds NY bottom for the day.
Intraday only.
  • #388,470
  • Jul 23, 2014 8:23am Jul 23, 2014 8:23am
Quoting navk
{quote} The retracement will be there after she finds NY bottom for the day.
Like I said, I hope it does. I'm sure you guys would know better than me. I gave up trying to predict what would happen next long ago. I just play what does happen.
  • #388,471
  • Jul 23, 2014 8:28am Jul 23, 2014 8:28am
Quoting Davit
closed all GU shorts 8 positions at 7025+940pips! Closed all G/CHF shorts at 5363 Total of +180pips {image}
Awesome profit Davit .
  • #388,472
  • Jul 23, 2014 8:35am Jul 23, 2014 8:35am
its being propped up again
  • #388,473
  • Jul 23, 2014 8:44am Jul 23, 2014 8:44am
Let us see what it does at 10 am
Intraday only.
  • #388,474
  • Jul 23, 2014 8:49am Jul 23, 2014 8:49am
Looks to me like 1.7 next bear target
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 27 KB
Come with me if you want to live....
  • #388,475
  • Jul 23, 2014 9:05am Jul 23, 2014 9:05am
GBP/USD
Update

Options Expiry for Thursday, July 24, 2014 at 10am Eastern


1.7095 -pay out $200 million
1.7020 -pay out $159 million
1.7000 -pay out $347 million
1.6900 -pay out $350 million


1.7190 - HDA short
1.7100 -Strong Strong Offers
1.7045 - HDA short
1.7020 -Strong Bids
1.7010 -Strong Bids
1.6900 -HDA's Take Profit

HDA OUT
  • #388,476
  • Jul 23, 2014 9:10am Jul 23, 2014 9:10am
25 pip retracement for 70 pips drop. that makes 35 %, close to 38.2 %
Intraday only.
  • #388,477
  • Jul 23, 2014 9:12am Jul 23, 2014 9:12am
Quoting HDA
GBP/USD Update Options Expiry for Thursday, July 24, 2014 at 10am Eastern 1.7190 - HDA short 1.7100 -Strong Strong Offers 1.7095 -pay out 200 million 1.7045 - HDA short 1.7020 -Strong Bids 1.7020 -pay out 159 million 1.7010 -Strong Bids 1.7000 -pay out 347 million 1.6900 -HDA's Take Profit 1.6900 -pay out 350 million HDA OUT
Question for you HDA. How does news events, like Carney running his yapper about interest rates effect your position, if at all? Just curious...
  • #388,478
  • Jul 23, 2014 9:13am Jul 23, 2014 9:13am
Quoting HDA
GBP/USD Update Options Expiry for Thursday, July 24, 2014 at 10am Eastern 1.7190 - HDA short 1.7100 -Strong Strong Offers 1.7095 -pay out 200 million 1.7045 - HDA short 1.7020 -Strong Bids 1.7020 -pay out 159 million 1.7010 -Strong Bids 1.7000 -pay out 347 million 1.6900 -HDA's Take Profit 1.6900 -pay out 350 million HDA OUT
Hmmm..must be big, I did not see HDA shorts on my order board.

Based on that and my chart, I would have bought at 246 but only looking for 20.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #388,479
  • Jul 23, 2014 9:16am Jul 23, 2014 9:16am
Quoting Davit
closed all GU shorts 8 positions at 7025+940pips! Closed all G/CHF shorts at 5363 Total of +180pips {image}
Nice Davit. Enjoy. You deserve it.

What about your NZD/USD shorts? Alive?
Attached Image
  • #388,480
  • Jul 23, 2014 9:16am Jul 23, 2014 9:16am
Quoting Mr. Scott
{quote} Hmmm..must be big, I did not see HDA shorts on my order board. Based on that and my chart, I would have bought at 246 but only looking for 20.
@Mr. Scott:

LoL!!!!

You've got jokes

LoL!!!!

HDA OUT
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