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Cable Update (GBPUSD)

  • #389,981
  • Jul 30, 2014 9:29am Jul 30, 2014 9:29am
lets go back to the work, stop wasting time

watch GU breakdown 93-95
  • #389,982
  • Jul 30, 2014 9:29am Jul 30, 2014 9:29am
Quoting cspip
I'll try a long from 1.6888.......
same here... will see if it touch 6880 then buy
  • #389,983
  • Jul 30, 2014 9:30am Jul 30, 2014 9:30am
Quoting Bones
im with you {quote}
Quoting giveachance
Closed all gbp/cad longs. Switching to shorts

OWCH ,hope you both ok guys E
  • #389,984
  • Jul 30, 2014 9:31am Jul 30, 2014 9:31am
if US economy grows between 3.5-8% that should be much better than projected 3.2% for UK. IMF should revise its 2% forecasts which were correct if previous gdp number was -2.9 but it has been revised to -2.1% (+0.8%) that's huge. I wonder how many traders will jump on the (short) bandwagon now.
  • #389,985
  • Jul 30, 2014 9:32am Jul 30, 2014 9:32am
red flag on EU as well.
if breaks, good reasons for more bear for cable
  • #389,986
  • Jul 30, 2014 9:36am Jul 30, 2014 9:36am
Quoting elbert3
{quote} Well done HDA, i have been out all morning i see you have all been busy on trade, today taken out of scalp, but my historic shorts are looking good now acc is now rosie, if need be known some other traders can confirm i held shorts well over 145 pips down and i could of handled more , i class them as stock, even thou i was scalping up and down the acc was being added to , this week yesterdays total 83 less 20 pips x 10 lots £,,,,per pip should of stayed in short but was looking for a higher position as the trend was not...
@elbert3:

I have demonstrated from start to finish, planned entry, execution, patience, reasoning and the profit to show with previous targets met and surpassed.

Thank you for your lovely chart, I see all lines have crossed

I remain short GBP/USD to 1.6760
I remain long GBP/CAD to 1.9000

HDA OUT
  • #389,987
  • Jul 30, 2014 9:37am Jul 30, 2014 9:37am
Quoting HDA
{quote} @elbert3: I have demonstrated from start to finish, planned entry, execution, patience, reasoning and the profit to show with previous targets met and surpassed. Thank you for your lovely chart, I see all lines have crossed HDA OUT
so what's your target now? still short or looking for a retrace?
  • #389,988
  • Jul 30, 2014 9:38am Jul 30, 2014 9:38am
Quoting hda
{quote} @elbert3: I have demonstrated from start to finish, planned entry, execution, patience, reasoning and the profit to show with previous targets met and surpassed. Thank you for your lovely chart, i see all lines have crossed hda out
lol ,, some would say there rubbish ... We still need 50 yellow on top to take us to 64500 ?????
  • #389,989
  • Jul 30, 2014 9:38am Jul 30, 2014 9:38am
Well.. yellow line is target
Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 44 KB
Neural Network Algorithm and Econophysics
  • #389,990
  • Jul 30, 2014 9:39am Jul 30, 2014 9:39am
Next Target 1.68318
A good trader follows his rules, but great trader knows when to break them
  • #389,991
  • Jul 30, 2014 9:41am Jul 30, 2014 9:41am
1.68795 is target for my second trade
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 43 KB
Neural Network Algorithm and Econophysics
  • #389,992
  • Jul 30, 2014 9:43am Jul 30, 2014 9:43am
Quoting elbert3
{quote} lol ,, some would say there rubbish ... We still need 50 yellow on top to take us to 64500 ?????
Rubbish I tell you... complete rubbish!! Nothing more than......
Attached Image

Ghost Rider - WWTBMD?
  • #389,993
  • Jul 30, 2014 9:43am Jul 30, 2014 9:43am
Attached Image (click to enlarge)
Click to Enlarge Name: day.png Size: 113 KB
make your mind up time..1, we crash throught,,2 support on the tl which is also the 20 ema on the day for a retrace to the emas above
  • #389,994
  • Jul 30, 2014 9:44am Jul 30, 2014 9:44am
Quoting albchr
{quote} rubbish i tell you... Complete rubbish!! Nothing more than...... {image}
snake eyes ,, every ones a winner ,,lol roll them dice ,,,
  • #389,995
  • Jul 30, 2014 9:45am Jul 30, 2014 9:45am
Quoting elbert3
{quote} 4 Steps to Forex Position Trading By Gregory McLeod, Currency Analyst 08 March 2014 In addition, position trading can allow a trader to sleep at night because they do not have to “baby sit “their trade. With position trading, a Forex trader can risk 200 pips to potentially make 1000, 2000 or 3000 pips. TWritten by Gregory McLeod Trading Instructor
@elbert3:

Thank you for the lovely post, especially the part about risking 200 pips to make 1000, 2000, 3000pips

EDIT: current losses - NONE

HDA OUT
  • #389,996
  • Jul 30, 2014 9:45am Jul 30, 2014 9:45am
Quoting Vigovski
1.68795 is target for my second trade {image}
Why is there a tetris box on the chart?
Fix up, trade sharp ...
  • #389,997
  • Jul 30, 2014 9:45am Jul 30, 2014 9:45am
Quoting Greener
if US economy grows between 3.5-8% that should be much better than projected 3.2% for UK. IMF should revise its 2% forecasts which were correct if previous gdp number was -2.9 but it has been revised to -2.1% (+0.8%) that's huge. I wonder how many traders will jump on the (short) bandwagon now.
one thing is true revisions cannot be predicted and so data in general. there's little doubt that will we see more losses to come. Uptrend was violated...some retracement is possible but winning strategy will be selling the rallies from now on. USDCAD is about to explode despite good Canadian data.
  • #389,998
  • Jul 30, 2014 9:51am Jul 30, 2014 9:51am
That was your job DAD to educate ???? good job i am here ,,,lol E out
  • #389,999
  • Jul 30, 2014 9:53am Jul 30, 2014 9:53am
Quoting Hickson
{quote} Why is there a tetris box on the chart?
  • #390,000
  • Jul 30, 2014 9:54am Jul 30, 2014 9:54am
Quoting elbert3
{quote} Quoting giveachance Closed all gbp/cad longs. Switching to shorts OWCH ,hope you both ok guys E
Something about waves? Perhaps.

Quoting albchr
{quote} I didn't know that but it's Classic so it makes sense. Thanks.
I like to give credit to Abraham Lincoln but OK. I prefer for Twain:

“Never argue with a fool, onlookers may not be able to tell the difference.”

Somehow relevant?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADH4.jpg Size: 220 KB
Click to Enlarge Name: USDCADDaily730.jpg Size: 212 KB
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