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Cable Update (GBPUSD)

  • #390,001
  • Jul 30, 2014 7:55am Jul 30, 2014 7:55am
Quoting Hickson
{quote} Why is there a tetris box on the chart?
That tetrix box lines shows me when to enter and when to exit
Neural Network Algorithm and Econophysics
  • #390,002
  • Jul 30, 2014 7:55am Jul 30, 2014 7:55am
Quoting elbert3
That was your job DAD to educate ???? good job i am here ,,,lol E out
@elbert3:

You're sporting the color BLUE today I see

HDA OUT
  • #390,003
  • Jul 30, 2014 7:57am Jul 30, 2014 7:57am
Quoting Mr. Scott
{quote} Something about waves? Perhaps. {quote} 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? {image} {image}
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the dark horse man of few words,,as ever scot regards
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  • #390,004
  • Jul 30, 2014 7:59am Jul 30, 2014 7:59am
Quoting HDA
{quote} @elbert3: You're sporting the color BLUE today I see HDA OUT
royalty ,,Sir William de scalper ,,,,, french ?
  • #390,005
  • Jul 30, 2014 7:59am Jul 30, 2014 7:59am
Quoting elbert3
{quote} snake eyes ,, every ones a winner ,,lol roll them dice ,,,
I posted that because that's exactly what I did this morning Billy. Took a small shot long @ 6939 before data just to see. Took a 30 pip loss on it as soon as it pierced 6900 and bounced back a bit. So yeah, I rather feel like I rolled them dice. Silly of me but...oh well.
Ghost Rider - WWTBMD?
  • #390,006
  • Jul 30, 2014 7:59am Jul 30, 2014 7:59am
Quoting Vigovski
{quote} That tetrix box lines shows me when to enter and when to exit
Why would a nihilist do such a nice thing? But seriously, how will it tell you that?
Fix up, trade sharp ...
  • #390,007
  • Jul 30, 2014 8:00am Jul 30, 2014 8:00am
Quoting elbert3
{quote} royalty ,,Sir William de scalper ,,,,, french ?
  • #390,008
  • Jul 30, 2014 8:00am Jul 30, 2014 8:00am
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 I remain short GBP/USD to 1.6760 I remain long GBP/CAD to 1.9000 HDA OUT
at what price you bought GBPCAD?
  • #390,009
  • Jul 30, 2014 8:00am Jul 30, 2014 8:00am
Howzit!

Well that trend change discussion seems due...
1.691 target met TP removed and staying open as previously discussed
Momentum is growing to the down side as such a may add to a daily rally
Should move profit lock to 1.70020 but will leave it till next week
TP lock now @ 1.6472

Weekly

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  • #390,010
  • Jul 30, 2014 8:01am Jul 30, 2014 8:01am
Quoting HDA
{quote} @elbert3: Thank you for the lovely post, especially the part about risking 200 pips to make 1000, 2000, 3000pips HDA OUT
Why does a position trader have to risk 200 pips? Isn't the defining element of a position trader when (or if) they close the trade - not when and how they entered. HDA's position may have had drawdown, but that doesn't mean all his positions start that way. I enter with tight stops, and am learning to hold and build trades into a long term position.

I am personally very grateful to HDA for his 'patience' posts - they have encouraged me to hang on and keep building my GU short positions (currently 2,646 pips). If I hold these to HDA's target then I will bag 4942 pips - if I keep building.... then who knows.

To me patience is trading foreplay - the longing you hold the more powerful and exciting the close is .
  • #390,011
  • Jul 30, 2014 8:02am Jul 30, 2014 8:02am
Quoting Mr. Scott
{quote} Something about waves? Perhaps. {quote} 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? {image} {image}
Ohhhh.... I Like it Mr. Scott. Both the charts AND the quote.
Ghost Rider - WWTBMD?
  • #390,012
  • Jul 30, 2014 8:02am Jul 30, 2014 8:02am
Quoting albchr
{quote} I posted that because that's exactly what I did this morning Billy. Took a small shot long @ 6939 before data just to see. Took a 30 pip loss on it as soon as it pierced 6900 and bounced back a bit. So yeah, I rather feel like I rolled them dice. Silly of me but...oh well.
@albchr:

Look on the bright side, atleast you are out and not still holding.

Go ahead and make that next trade.

HDA OUT
  • #390,013
  • Jul 30, 2014 8:03am Jul 30, 2014 8:03am
Quoting Vigovski
{quote} That tetrix box lines shows me when to enter and when to exit
If its consistently profitable over time, keep using it.
  • #390,014
  • Jul 30, 2014 8:05am Jul 30, 2014 8:05am
Quoting albchr
{quote} I posted that because that's exactly what I did this morning Billy. Took a small shot long @ 6939 before data just to see. Took a 30 pip loss on it as soon as it pierced 6900 and bounced back a bit. So yeah, I rather feel like I rolled them dice. Silly of me but...oh well.
ooccchhh well your honest ,,it is 50/50 ,,just like a lift ,,,up and down,, just need to get the right floor ,,
  • #390,015
  • Jul 30, 2014 8:06am Jul 30, 2014 8:06am
Quoting JimmyC
Howzit! Well that trend change discussion seems due... 1.691 target met TP removed and staying open as previously discussed Momentum is growing to the down side as such a may add to a daily rally Should move profit lock to 1.70020 but will leave it till next week TP lock now @ 1.6472 Weekly {image}
My daily doesn't show a break yet. It would below 6880.

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Everyone can see the chart, but only a few can actually read it.
  • #390,016
  • Jul 30, 2014 8:07am Jul 30, 2014 8:07am
Quoting HDA
{quote} @albchr: Look on the bright side, atleast you are out and not still holding. Go ahead and make that next trade. HDA OUT
hey buddy..can i ask for the reason u have had mulitiple nicks?

its just a question bro..u have proved to me that your a good trader. I had a doubt but they way u appear to be calm reflects u are indeed a damn good trader but i am curious to know why changing of nicks
  • #390,017
  • Jul 30, 2014 8:08am Jul 30, 2014 8:08am
Quoting HDA
{quote} @albchr: Look on the bright side, atleast you are out and not still holding. Go ahead and make that next trade. HDA OUT
Absolutely HDA. No big deal there. It was a smaller than normal position as a feeler "just in case" the data surprised. Back to shorting the rallies as per usual and by the techs again.
Ghost Rider - WWTBMD?
  • #390,018
  • Jul 30, 2014 8:09am Jul 30, 2014 8:09am
Quoting albchr
{quote} I posted that because that's exactly what I did this morning Billy. Took a small shot long @ 6939 before data just to see. Took a 30 pip loss on it as soon as it pierced 6900 and bounced back a bit. So yeah, I rather feel like I rolled them dice. Silly of me but...oh well.
Thoughts and Prayers on your loss today.

I kid because I care... Oh, and because I know you'll make up that loss in no time and be rolling in the green again soon.
  • #390,019
  • Jul 30, 2014 8:09am Jul 30, 2014 8:09am
Quoting JimmyC
Howzit! Well that trend change discussion seems due... 1.691 target met TP removed and staying open as previously discussed Momentum is growing to the down side as such a may add to a daily rally Should move profit lock to 1.70020 but will leave it till next week TP lock now @ 1.6472 Weekly {image}
it makes sense. I left earlier at 16920 but I will stay out for a while. FOMC meeting may bring confusion & disappointment as with the huge gdp projections focus now is on anything related to interest rates or tightening. Yellen dovishness is yet to be seen but at least today she won't risk any unsolicited question.
  • #390,020
  • Jul 30, 2014 8:12am Jul 30, 2014 8:12am
Quoting hollowhead
{quote} Why does a position trader have to risk 200 pips? Isn't the defining element of a position trader when (or if) they close the trade - not when and how they entered. HDA's position may have had drawdown, but that doesn't mean all his positions start that way. I enter with tight stops, and am learning to hold and build trades into a long term position. I am personally very grateful to HDA for his 'patience' posts - they have encouraged me to hang on and keep building my GU short positions (currently 2,646 pips). If I hold these...
well done that man,, even £1 per pip is good ,,,note it looks like resting time at the 10o if so retrace on the cards 6947 at this time ema area then short ,,opinion only
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