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Cable Update (GBPUSD)

  • #392,001
  • Aug 7, 2014 8:31pm Aug 7, 2014 8:31pm
Quoting OnlineAddict
GU is close to levels, where I'm tempted to buy again. If asians break lows/highs, EU session mostly reverse them, I wouldn't be surprised, if I woke up to 6830 again, even if 6800 won't hold now.
@OnlineAddict:

It's not time to buy, but if your trading plan says you should, please keep a tight stop just in case.

Go for it.

I remain short to 1.6760

Let's See What Happens


Where is JimmyC please post a chart to explain why its not time to buy yet.


If you really want to buy, look to start buying from 1.6735 if you're position trading it or scalping as well


HDA OUT
  • #392,002
  • Aug 7, 2014 8:32pm Aug 7, 2014 8:32pm
Quoting HDA
{quote} @albchr: From a position trader's perspective, not much analysis. From a day trader's perspective, yes, a lot of analysis is required. Please see previous post dated, Tuesday, July 29, 2014 at 7:02pm http://www.forexfactory.com/showthre...94#post7638694 Here is part of the post: And this was 1 week and 2 days ago. I remain SHORT 1.6850 - A hick up spot, where a bounce or consolidation may occur on the way down. 1.6760 -Extended Take Profit is confirmed. HDA OUT
I remember the post
Quoting sami4240
{quote} are you going to put any trade on Aud pair?
No I have plenty elsewhere.
Quoting Rtm
{quote} All for nothing, if you can read sentiment you have won 80% of the battle.
Pretty much but a tad of PA is a good thing too.
Ghost Rider - WWTBMD?
  • #392,003
  • Aug 7, 2014 8:37pm Aug 7, 2014 8:37pm
Quoting HDA
{quote} @OnlineAddict: It's not time to buy, but if your trading plan says you should, please keep a tight stop just in case. Go for it. I remain short to 1.6760 Let's See What Happens Where is JimmyC please post a chart to explain why its not time to buy yet. HDA OUT
Maybe not time to buy for long-term, but these asian sessions repeat the same pattern most of the time. They break, re-test and set the bottom/top for the rest of the day. Might not be the case this time, but many times it is.
Everyone can see the chart, but only a few can actually read it.
  • #392,004
  • Aug 7, 2014 8:40pm Aug 7, 2014 8:40pm
All this USD buying because of some bullshit news...might be a trap.
Everyone can see the chart, but only a few can actually read it.
  • #392,005
  • Aug 7, 2014 8:42pm Aug 7, 2014 8:42pm
Quoting OnlineAddict
All this USD buying because of some bullshit news...might be a trap.
new rule:

buy USD
buy JPY

trash others =)
  • #392,006
  • Aug 7, 2014 8:43pm Aug 7, 2014 8:43pm
Hi HDA

I remember one of your recent post is you might like to visit Singapore. Should you really do come here, let me show you around. I hope to have the honor to do that so as to thank you for your advice and time in 2012 when I was just starting out in this line.
After all, as a trader, we plan our time so definitely can make time for you...
  • #392,007
  • Edited 9:01pm Aug 7, 2014 8:50pm | Edited 9:01pm
Quoting Anti_Losses
Hi HDA I remember one of your recent post is you might like to visit Singapore. Should you really do come here, let me show you around. I hope to have the honor to do that so as to thank you for your advice and time in 2012 when I was just starting out in this line. After all, as a trader, we plan our time so definitely can make time for you...
@Anti_Losses:

If my wife would only jump on a plane. She hates flying. Especially any flight over 3 hours.




When I started out trading, I did it the correct way. I paid US$10,000.00 for a class room setting with one on one professional tutoring. It was only eleven of us at the time and we were all spoon fed everything about the Forex and we were told to only read one book and if we can master that one book and change all the bad habits in our lives, we will become strong and better traders.

It took me seven years to overcome all my bad habits and here I am today, paying everything i've learnt forward.

The book, THE FOUR AGREEMENTS truly is a work of art.

HDA OUT
  • #392,008
  • Aug 7, 2014 8:55pm Aug 7, 2014 8:55pm
Quoting Pharm0r
{quote} Absolutely: I'm aware RSI is tricky, and often lies. But once we tag 10 or below (or 90+) at a heavy support/resistance, then the trade becomes obvious to me. That and the following reasons in order of importance 1. USD is over valued, I've been saying this since GDP was 4%. 2. RR for me is about 1:6 (not counting any additional trades) 3. Weekly/Monthly bullish as well 4. 6972 is right on a mid (fib) Mostly though, the RSI and Dollar are driving this trade. Thanks for looking out
Stopped out.

Thanks Obama

Will be looking for an entry soon.
  • #392,009
  • Aug 7, 2014 8:57pm Aug 7, 2014 8:57pm
Quoting openyoureyes
{quote} new rule: buy USD buy JPY trash others =)


http://www.forexfactory.com/news.php?do=news&id=498431
Attached Image (click to enlarge)
Click to Enlarge Name: Index.PNG Size: 48 KB
Ghost Rider - WWTBMD?
  • #392,010
  • Aug 7, 2014 9:02pm Aug 7, 2014 9:02pm
Who of you is protecting 68? I give it 1 more hour to break, if it doesn't I'm buying. If it does, I will buy 6780 or whereever it goes during asian session.
Everyone can see the chart, but only a few can actually read it.
  • #392,011
  • Aug 7, 2014 9:06pm Aug 7, 2014 9:06pm
Quoting OnlineAddict
Who of you is protecting 68? I give it 1 more hour to break, if it doesn't I'm buying. If it does, I will buy 6780 or whereever it goes during asian session.
I'm buying EU
  • #392,012
  • Aug 7, 2014 9:09pm Aug 7, 2014 9:09pm
Quoting eliasahmar
{quote} I'm buying EU
I'm already long EU, I like the tails it leaves on hourly, looks a much better buy than GU at the moment, but I think both will go higher tomorrow.
Everyone can see the chart, but only a few can actually read it.
  • #392,013
  • Aug 7, 2014 9:12pm Aug 7, 2014 9:12pm
hopefully it will bro
GU is so tempting to buy as well but not yet...
  • #392,014
  • Aug 7, 2014 9:13pm Aug 7, 2014 9:13pm
Quoting HDA
{quote} @Anti_Losses: If my wife would only jump on a plane. She hates flying. Especially any flight over 3 hours. When I started out trading, I did it the correct way. I paid US$10,000.00 for a class room setting with one on one professional tutoring. It was only eleven of us at the time and we were all spoon fed everything about the Forex and we were told to only read one book and if we can master that one book and change all the bad habits in our lives, we will become strong and better traders. It took me seven years to overcome all...
It is a pity that you are unlikely to be able to come here... So I guess most of your holiday is in neighboring countries.
Reading the book can be done in a few hours but it takes years to master and apply the contents.
  • #392,015
  • Aug 7, 2014 9:14pm Aug 7, 2014 9:14pm
Quoting HDA
{quote} @Anti_Losses: If my wife would only jump on a plane. She hates flying. Especially any flight over 3 hours. When I started out trading, I did it the correct way. I paid US$10,000.00 for a class room setting with one on one professional tutoring. It was only eleven of us at the time and we were all spoon fed everything about the Forex and we were told to only read one book and if we can master that one book and change all the bad habits in our lives, we will become strong and better traders. It took me seven years to overcome all...

it is not an easy task to overcome of bad habbit. well done if yoou have done this job..
  • #392,016
  • Aug 7, 2014 9:16pm Aug 7, 2014 9:16pm
Quoting eliasahmar
hopefully it will bro GU is so tempting to buy as well but not yet...
What I hate about GU, even if you find a good entry to buy, it still goes 20 more pips against you, before it goes up. lol EU is respecting numbers much better. Thats why I would love at least 2 hour candles with no break of 68, to buy GU.
Everyone can see the chart, but only a few can actually read it.
  • #392,017
  • Aug 7, 2014 9:18pm Aug 7, 2014 9:18pm
Quoting OnlineAddict
{quote} What I hate about GU, even if you find a good entry to buy, it still goes 20 more pips against you, before it goes up. lol EU is respecting numbers much better. Thats why I would love at least 2 hour candles with no break of 68, to buy GU.
exactly! for me GU is a bit crazy comparing to EU
speaking about EU it seems that it started to fly hahaha
  • #392,018
  • Aug 7, 2014 9:19pm Aug 7, 2014 9:19pm
Quoting eliasahmar
{quote} exactly! for me GU is a bit crazy comparing to EU speaking about EU it seems that it started to fly hahaha
Yeah, love the EU upmove. Looks like GU will follow, it always needs more time to catch up.
Everyone can see the chart, but only a few can actually read it.
  • #392,019
  • Aug 7, 2014 9:21pm Aug 7, 2014 9:21pm
Quoting ill_be_back
{quote} OUT
But was able to get back IN GJ SHORT from 171.708 TP 170.125

H1
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #392,020
  • Aug 7, 2014 9:23pm Aug 7, 2014 9:23pm
Quoting albchr
{quote} http://www.forexfactory.com/news.php?do=news&id=498431 {image}

is there any chance of cable to move up after finishing the down trend in next 1 week or two? any chart or reversal chances from 6750-30 ?
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