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Cable Update (GBPUSD)

  • #393,181
  • Aug 13, 2014 6:25am Aug 13, 2014 6:25am
so right now cable I'm £30 per pip free trade
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #393,182
  • Aug 13, 2014 6:25am Aug 13, 2014 6:25am
Quoting guyver_FiXer
{quote} Been a long time away from this forum. Recently back online and I see the banter has not lost its touch. I suppose with so many opinions and strategies, it can be misinterpreted. Hope all is well to all. I value many people different ideas and thoughts so generously provided on this forum. Especially to those who provide short term views are just as valuable as different people have different MM and risks. Keep it up guys/gals (except the insults). I shall provide my thoughts where they provide any value as most active...
@guyver:

Thank you Sir - look forward to reading your posts.

Traders - I am off to drop my wife at the airport -

I am away from the trade station

HDA OUT
  • #393,183
  • Aug 13, 2014 6:27am Aug 13, 2014 6:27am
Long at 1.6703.

Had set a sight on 1.6740+, but this thing fell so fast I decided to wait till next level of support, so here we are and with good strategy and money management, one should be able to grab some sweet pips from this.
  • #393,184
  • Aug 13, 2014 6:28am Aug 13, 2014 6:28am
Quoting Bones
so right now cable I'm £30 per pip free trade
@Bones:

CONGRATULATIONS



I'm Off to the airport

HDA OUT
  • #393,185
  • Aug 13, 2014 6:33am Aug 13, 2014 6:33am
Quoting HDA
{quote} @pipster1: I guess if you have the time and we all wait patiently and two weeks pass we can have this same discussion again. I only hope you don't forget to bring it up when the market is going where it wants to go then. Lets See What Happens Please remember, I am just publicly sharing my trading plan. It hurts no one to do so. Will you please cross your fingers for me Down to the DEMAND ZONE we go I am not a day trader, I am a position trader, we can have this discussion again two weeks from now on WEDNESDAY, AUGUST 27, 2014 - and...

HDA:

I also use demand zones when determining when to open a position. My experience has been when you have a massive red candle on the daily and your midrange charts show no sign of a reversal(as the diagram on the GU shows), you should wait to go counter trend until evidence appears .

In other words once price enters a support/resistance zone, look for evidence of a turn, indecision candles, double top/bottom, 3 point turn, head and shoulders etc..For a weekly time frame trader, that would mean H1- to H4 indecision candles at a minimum to consider a long. This gives you a higher probability that your counter trend will work.

The good news for you is this GU run down is way over extended, so the probability for a reversal is building. However, I tried to catch a falling knife before on the Yen pairs back when Abeonmics was launched. Things gapped, tiered the trade several times, and I lost $5,000... real money...not demo...

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-13_GU.png Size: 21 KB
  • #393,186
  • Aug 13, 2014 6:41am Aug 13, 2014 6:41am
GU short +14. Now only interested in a pullback sell.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-13_GU_short.png Size: 25 KB
  • #393,187
  • Aug 13, 2014 6:50am Aug 13, 2014 6:50am
Quoting Hickson
{quote} This picture always makes my day! Fast money whore!
wow i left it open ,i have hospital op, at 10. ran out after the news and just back,, hope you where on it ,,,lol
  • #393,188
  • Aug 13, 2014 6:54am Aug 13, 2014 6:54am
Does anyone remember the date when Carney mentioned that rate hikes might come sooner than expected?
  • #393,189
  • Aug 13, 2014 6:56am Aug 13, 2014 6:56am
Quoting chazzle
{quote} which would mean a 500 pip retrace in the last month
thant the ticket ,,just back where you in short from ????
  • #393,190
  • Aug 13, 2014 6:56am Aug 13, 2014 6:56am
6920-6777-6573 overshooot down..
month play

We are all gonna be here on 20th. How many said naay how many said yaay
  • #393,191
  • Aug 13, 2014 6:57am Aug 13, 2014 6:57am
gbcad looks like a long now ???
  • #393,192
  • Aug 13, 2014 6:59am Aug 13, 2014 6:59am
Quoting buylowsellhi
Does anyone remember the date when Carney mentioned that rate hikes might come sooner than expected?
IIRC, 12th June 2014.
  • #393,193
  • Aug 13, 2014 7:01am Aug 13, 2014 7:01am
Attached Image (click to enlarge)
Click to Enlarge Name: week tue.png Size: 100 KB
next stop 50 ema on the week
  • #393,194
  • Aug 13, 2014 7:06am Aug 13, 2014 7:06am
Attached Image (click to enlarge)
Click to Enlarge Name: wed.png Size: 106 KB
x marks it buy on there for a nice retrace if we can get it
  • #393,195
  • Aug 13, 2014 7:18am Aug 13, 2014 7:18am
Quoting pipster1
GU short +14. Now only interested in a pullback sell. {image}
pullback retracement toward 30 and 50 on the card
  • #393,196
  • Aug 13, 2014 7:24am Aug 13, 2014 7:24am
Another drop pending today.
No matter what US data come out. Bear will use that volatility
You cannot learn better without losing
  • #393,197
  • Aug 13, 2014 7:27am Aug 13, 2014 7:27am
Quoting elbert3
{image} x marks it buy on there for a nice retrace if we can get it
Never seen XX32 is support after dropping from 1.71x
Make it 45-58
You cannot learn better without losing
  • #393,198
  • Aug 13, 2014 7:47am Aug 13, 2014 7:47am
Quoting HDA
{quote} @Bones: My Dear Friend Bones Yes HDA is long GBP/USD to 1.7100 and 1.7300 Thank you for the reminder Happy Trading I hope this goes against me so I can add my second scaling in trade - come on GBP/USD - go against me - head for the DEMAND ZONE This is my Trading plan if you don't see it - don't trade it HDA OUT
You talked about 1.6760 when we were above 1.71, it does take a bit patience but we got here.

Now how much patience do we need to see 1.71 again?
  • #393,199
  • Aug 13, 2014 7:49am Aug 13, 2014 7:49am
Quoting forexings
{quote} Never seen XX32 is support after dropping from 1.71x Make it 45-58
hi would you mind showing on chart i am looking but cant see ,,best regards E
  • #393,200
  • Aug 13, 2014 7:56am Aug 13, 2014 7:56am
Quoting forexings
{quote} Never seen XX32 is support after dropping from 1.71x Make it 45-58
Attached Image (click to enlarge)
Click to Enlarge Name: 30.png Size: 85 KB
10 white 20 red 55 looks like the target to possibly add is this what you mean?? regards E
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