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Cable Update (GBPUSD)

  • #388,581
  • Jul 24, 2014 4:01am Jul 24, 2014 4:01am
Hi Guys, im in from here. Long @ 1.7015. Here lies the Lower TL. Im Risking 50 Pips as SL.

No Target for now. Good Luck
  • #388,582
  • Jul 24, 2014 4:25am Jul 24, 2014 4:25am
Quoting albchr
{quote} Good morning HDA Thanks for the links buddy (especially the first one). Brought back some fun and laughter we were having. I needed a good chuckle this morning. Funny how that works....eh? All the best.
@albchr:

Good Morning Forex factory's Very Own King of Comedy

I remember those days too my friend.

HDA OUT
  • #388,583
  • Jul 24, 2014 4:40am Jul 24, 2014 4:40am
GBP/USD
Update

1.7020 -bids have been filled
1.7000 -bids waiting to be filled - pending
1.6950 -Next Bear target if 1.7000 breaks
1.6900 -HDA's Take Profit

Options Expiry's 10am Eastern
To Now Take Note Of

1.7020 pay out $159 million
1.7000 pay out $347 million
1.6900 pay out $350 million


Will the bids at 1.7020 & 1.7000 hold???? Stops are right below

Lets See What Happens

I remain short

HDA OUT
  • #388,584
  • Jul 24, 2014 4:53am Jul 24, 2014 4:53am
Quoting HDA
{quote} @albchr: Good Morning Forex factory's Very Own King of Comedy I remember those days too my friend. HDA OUT
lol ... Don't know if I'd go quite that far but we can get on a roll sometimes. Takes others to make it work. elbert is great for that. Helps pass times like these.
Ghost Rider - WWTBMD?
  • #388,585
  • Jul 24, 2014 5:04am Jul 24, 2014 5:04am
Quoting albchr
{quote} lol ... Don't know if I'd go quite that far but we can get on a roll sometimes. Takes others to make it work. elbert is great for that. Helps pass times like these.
@albchr:

Here are some stuff I remember

Quoting albchr
Could you all please hold your thoughts for a minute or two? I have a new batch of popcorn cooking and don't want to miss the second half of the show.

Quoting albchr
{quote} Well perhaps I misinterpreted it by the way it was presented then. If so, my apologies to DailyChart. Wouldn't be the first time I stuck my keyboard in my mouth. ...

Quoting albchr
{quote} LOL... did I piss in your corn flakes or something?? Why the attacking tone? Like everyone else I'm simply putting forth my views. Chill out.

HDA OUT
  • #388,586
  • Jul 24, 2014 5:20am Jul 24, 2014 5:20am
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  • #388,587
  • Jul 24, 2014 5:28am Jul 24, 2014 5:28am
1.7000 - The moment of truth is coming up, will it hold?

This is also one of JimmyC's take profits

Please see previous post, dated, Tuesday, July 22, 2014 @ 10:25am
http://www.forexfactory.com/showthre...48#post7622848

Lets See What happens

HDA OUT
  • #388,588
  • Jul 24, 2014 5:40am Jul 24, 2014 5:40am
Quoting HDA
1.7000 - The moment of truth is coming up, will it hold? This is also one of JimmyC's take profit Please see previous post, dated, Tuesday, July 22. 2014 @ 10:25am http://www.forexfactory.com/showthre...48#post7622848 Lets See What happens HDA OUT
I like to play guessing games on news releases. Below is mine from last night about the EUR news today.

Quoting albchr
Just a little news prediction game I like to play. Since tomorrow is just loaded with EUR news, I'm betting (not trading), that with EU sitting at 1.3450ish, The news will be overall, if not overwhelmingly good for EUR and longs will be the play. Should be interesting anyway. Good night all {image}
Now I'm figuring the USD news will be good for the dollar but as of late, good news or bad doesn't seem to help the dollar much. But if it is, and if it does, it would be just what we need to break 7000 if we haven't before hand. Else, back up we go for better short opportunities. Should be interesting anyway.
Ghost Rider - WWTBMD?
  • #388,589
  • Jul 24, 2014 5:48am Jul 24, 2014 5:48am
Quoting Dano12
{image}
Good analysis , thank you .
  • #388,590
  • Edited 6:02am Jul 24, 2014 5:51am | Edited 6:02am
Quoting albchr
{quote} I like to play guessing games on news releases. Below is mine from last night about the EUR news today. {quote} Now I'm figuring the USD news will be good for the dollar but as of late, good news or bad doesn't seem to help the dollar much. But if it is, and if it does, it would be just what we need to break 7000 if we haven't before hand. Else, back up we go for better short opportunities. Should be interesting anyway.
@albchr:

1.3450 -EUR/USD options barrier was breached
1.3500 -Heavy heavy heavy heavy sellers waiting for those orders to be filled

The fact that the 1.3450 barrier is now breached, that price level is no longer valid and the EUR/USD is going down

You must now look to a monthly chart for the next EUR/USD level of support

NEXT EUR/USD support LEVEL is 1.3350


HDA OUT
  • #388,591
  • Jul 24, 2014 5:51am Jul 24, 2014 5:51am
Quoting chazzle
GU D1 1.7 wide open with news approaching - as well as the obvious round number - also 38% ret. of late May/mid July swing and a couple of pips above the May swing high. Looking to buy a dip today ... {image}
not really best conditions, overall - HTF=yes , LTF=no .... will wait for next data release
  • #388,592
  • Jul 24, 2014 5:59am Jul 24, 2014 5:59am
Watch the closing GBPUSD pattern for signs of momentum. Key levels top weatcvh.

GBPUSD Daily Trading Outlook

Inserted Video
  • #388,593
  • Jul 24, 2014 6:01am Jul 24, 2014 6:01am
Quoting HDA
{quote} @albchr: 1.3450 -EUR/USD options barrier was breached 1.3500 -Heavy heavy heavy heavy sellers waiting for those orders to be filled The fact that the 1.3450 barrier is now breached, that price level is no longer valid and the EUR/USD is going down You must now look to a monthly chart for the next EUR/USD level of support HDA OUT
Yes I am and have been overall bear on EU. That was just an intraday call for another short opportunity (I've banked a couple so far this week). Much like I hope we get on GU here. But I realize we may not.

Anyway, the immediate intraday levels as I see them for GU. As is always the case prior to news, we sit right in the middle awaiting a catalyst.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #388,594
  • Jul 24, 2014 6:07am Jul 24, 2014 6:07am
Quoting albchr
{quote} Yes I am and have been overall bear on EU. That was just an intraday call for another short opportunity (I've banked a couple so far this week). Much like I hope we get on GU here. But I realize we may not. Anyway, the immediate intraday levels as I see them for GU. As is always the case prior to news, we sit right in the middle awaiting a catalyst. {image}
@albchr:

Congrats on those trades

Your GBP/USD levels are correct, however if 1.7000 breaks - 1.6997 is not expected to hold.

HDA OUT
  • #388,595
  • Jul 24, 2014 6:13am Jul 24, 2014 6:13am
Quoting HDA
{quote} @albchr: Congrats on those trades Your GBP/USD levels are correct, however if 1.7000 breaks - 1.6997 is not expected to hold. HDA OUT
Thank you sir.

The 1.6997 is not a holding SR. Just a potential pause/bounce point. It holds no more significance than that to me. Blame it on being brought up to be thorough...

Here is my weekly EU chart HDA. A tad messy but it shows my thoughts on the pair for some time now.
Attached Image (click to enlarge)
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EDIT: Daily as well.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmdaily.png Size: 55 KB
Ghost Rider - WWTBMD?
  • #388,596
  • Jul 24, 2014 6:23am Jul 24, 2014 6:23am
Quoting albchr
{quote} Thank you sir. The 1.6997 is not a holding SR. Just a potential pause/bounce point. It holds no more significance than that to me. Blame it on being brought to be thorough... Here is my weekly EU chart HDA. A tad messy but it shows my thoughts on the pair for some time now. {image}
@albchr:

It's not a tad messy. I clearly see and understand all your levels along with demand and supply zones.

Very well done

You would definately be welcomed at trader, panoramia's journal here in Forex Factory. The only thing left for you to do now is get a grasp of the terminologies that panoramia uses when sharing in his forum.

Well done sir.

HDA OUT
  • #388,597
  • Jul 24, 2014 6:30am Jul 24, 2014 6:30am
Quoting HDA
{quote} @albchr: It's not a tad messy. I clearly see and understand all your levels along with demand and supply zones. Very well done You would definately be welcomed at trader, panoramia's journal here in Forex Factory. The only thing left for you to do now is get a grasp of the terminologies that panoramia uses when sharing in his forum. Well done sir. HDA OUT
Thank you HDA. I shall have a lurk for a while. Always looking to learn.
Ghost Rider - WWTBMD?
  • #388,598
  • Jul 24, 2014 6:34am Jul 24, 2014 6:34am
Quoting albchr
{quote} Thank you HDA. I shall have a lurk for a while. Always looking to learn.
@albchr:

Panoramia is a commercial member, however, all I'm suggesting you do is just watch the videos, do some reading, see if it makes sense and take what you can from it and nothing more.

I am not selling or advertising for anyone, I'm just sharing an avenue where someone like minded like yourself is

HDA OUT
  • #388,599
  • Jul 24, 2014 6:41am Jul 24, 2014 6:41am
IMHO, GBPUSD likely to re-test its 1.6990 level. However, a break of 1.7060 can fuel the pair towards 1.7110.
Attached Image (click to enlarge)
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  • #388,600
  • Jul 24, 2014 6:44am Jul 24, 2014 6:44am
Quoting HDA
{quote} @albchr: Panoramia is a commercial member, however, all I'm suggesting you do is just watch the videos, do some reading, see if it makes sense and take what you can from it and nothing more. I am not selling or advertising for anyone, I'm just sharing an avenue where someone like minded like yourself is HDA OUT
I have nothing against commercial members and often lurk their pages. One does not need to buy "necessarily" to learn much. I thank you for the information.
Ghost Rider - WWTBMD?
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