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Cable Update (GBPUSD)

  • #393,561
  • Aug 14, 2014 10:06am Aug 14, 2014 10:06am
lets say it close like that ,its highly unlikely it has the power to reverse move
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD 14 (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #393,562
  • Aug 14, 2014 10:11am Aug 14, 2014 10:11am
Yesterday's low seems to be the resistance!!!!
  • #393,563
  • Aug 14, 2014 10:12am Aug 14, 2014 10:12am
it is a 160 pip candle rare these days

Quoting Dr.Zain
Yesterday's low seems to be the resistance!!!!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #393,564
  • Aug 14, 2014 10:16am Aug 14, 2014 10:16am
Quoting Bones
it is a 160 pip candle rare these days {quote}
Please shed some light what you mean RARE CANDLE,is there some retrace i mean healthy retrace
  • #393,565
  • Aug 14, 2014 10:27am Aug 14, 2014 10:27am
or is 6696 capped it had 3 goes on the 5 min ,i would like to see it move away now thou it is getting to me ​
  • #393,566
  • Aug 14, 2014 10:32am Aug 14, 2014 10:32am
Quoting DerekTrotter
{quote} way to go best summary have heard in a long time .. respect for sure DF
  • #393,567
  • Aug 14, 2014 10:35am Aug 14, 2014 10:35am
Quoting elbert3
{quote} Dell Boy welcome back,i posted just before that i mis the laugh,,you ok Mr Film star lol
Ah E .. well i am ok to read stuff .. lol u know the game u go for a dump and they wanna know what the time was and weight lol. but still around - tell u u see so much more when ur not trading .. but keeping a look at the markets.. fancying an up here .. but thats only thinkng btw..

AND hows the 5 minute wonder kid doing hope ur catching them pips sure u r .. and sense all is ok so cudos E

sorry for the late reply but u know how it is gringo..
  • #393,568
  • Aug 14, 2014 10:40am Aug 14, 2014 10:40am
Quoting Bones
usdx is not clear mainly cause eu consolidates bullish move and above pivot , break confirms ,id say up {image}
Thanks Bones for the Info...
Yesterday, another Cat, 'John-something (Pls Forgive me),
i forget but 'could dig it up, posted the Dix index too...

I used yours (here) for some simple wave count(s).
To me, -(Just me) i see wave 4 consolidating on
the Dollar Index. -And i hate the Fact it is the "D", Daily chart;
because it means a bunch of up & down for some days to come,
maybe?

I believe, as Bones & others here,
that Support @1.6663 got taken out & there will be more to follow,
Maybe it will be in "Conjunction" with / or when "DollA" Index,
gets strength, for a Final Wave-5, "North"?

Just maybe some Insight(s)...?
Best of All Gang, thanks for all,
I got only a "Baker's Dozen" or 'tad more,
before she went down & tagged Resistance.
Best of All,

Jeff Out
Attached Image (click to enlarge)
Click to Enlarge Name: 8_14_2014 DollA_Index w_Possible Elliot Wave Count_4 Developing.png Size: 52 KB
I will work to Objectively Identify my Edges
  • #393,569
  • Aug 14, 2014 10:43am Aug 14, 2014 10:43am
Quoting Boy Wonder
{quote} Interesting thoughts but I'm not so sure about the conclusion. Also, the period of relatively high inflation around the years 2008 to 2012 is well known but that's rear-view mirror stuff. The question for us is where are we now but more than that where are we going. Regardless of whether we think the official figures fudge or underestimate inflation, policy is made on the basis of official figures.
Arguably, policy has never been made on the basis of any figures, but rather on the interpretation of the data which is subsequently influenced by an even bigger agenda of those politicians.

The worst of the inflation has yet to come, because as of now inflation is largely wage bound, marginal increase in price will result in sharp drop in demand. And when wages do start rise, inflation will follow up, living standard will not improve or even deteriorate, pension will be destroyed as interest rate barely keep up with inflation.

BOE can act early, but doing so means Carney will facing the risk that JC. Trichet faced 2011. And since Carney is not even British, he can just mop the shit of his a*se and leave, so it is obvious what choices he will be making, that's to deny inflation and leave the pain to the British people.

That, is the consequence.
  • #393,570
  • Aug 14, 2014 10:43am Aug 14, 2014 10:43am
On the Above,

Lonnnng Wave-3 Subdivided, into 5 waves,
Wave-4 Also to proposedly divide into 5 waves.

"Until", a final, Wave-5 "North".
I will work to Objectively Identify my Edges
  • #393,571
  • Aug 14, 2014 10:45am Aug 14, 2014 10:45am
Quoting HDA
GOOD MORNING AGAIN FOREX FACTORY MEMBERS AND GUESTS There is only one option expiry for the GBP/USD 10am Eastern tomorrow, Friday, August 15, 2014 that you will need to bear in mind. 1.6793 - resistance 1.6757 - resistance 1.6740 - pay out US$364 million -this is the one to watch 1.6720 - HDA's first scale in long entry 1.6700 Mega Bids have been filled I only trade FACTS Have a lovely afternoon when it comes. I'm remain LONG As I always say - this is my trading plan, create your own plan, trade your own plan. Please see AGAIN previous post dated,...
Never post stop loss? Or rather having a dynamic stop loss that's based on the situation?
  • #393,572
  • Aug 14, 2014 10:46am Aug 14, 2014 10:46am
thanks Jeff pleasure working with you

Quoting TerpFan2
{quote} Thanks Bones for the Info... Yesterday, another Cat, 'John-something (Pls Forgive me), i forget but 'could dig it up, posted the Dix index too... I used yours (here) for some simple wave count(s). To me, -(Just me) i see wave 4 consolidating on the Dollar Index. -And i hate the Fact it is the "D", Daily chart; because it means a bunch of up & down for some days to come, maybe? I believe, as Bones & others here, that Support @1.6663 got taken out & there will be more to follow, Maybe it will be in "Conjunction" with / or when "DollA" Index,...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #393,573
  • Aug 14, 2014 10:48am Aug 14, 2014 10:48am
let me show you something ,
this is why I post different charts here its relative ,
maybe I'm wrong but its worth considering ,
gbp cad support wont go without fight
I remain short ,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp CAD d1 14 (DFB).png Size: 38 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #393,574
  • Aug 14, 2014 10:51am Aug 14, 2014 10:51am
Quoting Bones
thanks Jeff pleasure working with you {quote}
Thanks Bones,
Me the Same !

I guess we'll, 'Squeeze'...
"What we can, When we can... for WHAT, $ we can",
'Outta this SuckA, for now.

Thanks Again Bones !

Have a Great One,

Jeff
I will work to Objectively Identify my Edges
  • #393,575
  • Aug 14, 2014 10:55am Aug 14, 2014 10:55am
Quoting eliasahmar
{quote} Dear HDA, What do you mean by "1.6700 Mega Bids have been filled" Appreciate your analysis as always Thanks!
@eliasahmar:

Billions of dollars was thrown at 1.6700 to support the Bull trend.

I have already explained in my trading plan that between 1.6730 and 1.6500 position traders will be looking for long entries.

Why has the GBP/USD not continue its rapid decent?
Why are we hovering so calmly at this level?
Will it break? Will it hold?
Billions of dollars thrown at 1.6700 is a significant marker.

Forget indicators, Forget Technical Analysis, Forget Fundamentals, Forget Carney This, Forget Yellen That, and try and find out the Facts and trade ONLY the Facts.

If we stay above 1.6630 then these are my long take profit targets.

I remain LONG - first TAKE profit 1.7100
I remain LONG - second TAKE profit - 1.7300
I remain LONG - third TAKE profit - 1.7600

If we go below 1.6630 then my long target changes to 1.7100 and 1.7300 that means NO 1.7600. That would be off the table.



LET'S SEE WHAT HAPPENS

HDA OUT
  • #393,576
  • Aug 14, 2014 10:57am Aug 14, 2014 10:57am
Ok,

'Hate to... "Give up the Farm here",
But i'd say Yep, if i was in a 'Positional Trade',
and UP, in Pip's i wouldn't quit either.

Q: What do you see in those waves (not to Bones here,
necessarilly, but to all), on GBP/CAD Chart? -Overlapping...
-Who cares if they are going Up. They are NOT the Trend.
Trend is the Impulsive Wave movement, (Downward),
in this case.

And i'd bet again, -it's a wave 4,-(i dont have the chart in
front of me here) & 'gotta jamm...
Best of Pippin' All,

Jeff Out
I will work to Objectively Identify my Edges
  • #393,577
  • Aug 14, 2014 11:15am Aug 14, 2014 11:15am
Quoting HDA
{quote} @eliasahmar: Billions of dollars was thrown at 1.6700 to support the Bull trend. I have already explained in my trading plan that between 1.6730 and 1.6500 position traders will be looking for long entries. Why has the GBP/USD not continue its rapid decent? Why are we hovering so calmly at this level? Will it break? Will it hold? Billions of dollars thrown at 1.6700 is a significant marker. Forget indicators, Forget Technical Analysis, Forget Fundamentals, Forget Carney This, Forget Yellen That, and try and find out the Facts and trade ONLY...
thank you so much for your answer!
if it goes below 6630 then I'm looking for 6595 to go long!

Cheers
  • #393,578
  • Aug 14, 2014 11:19am Aug 14, 2014 11:19am
I stand by everything I have written and please QUOTE ME on it in the future.

Remember two weeks from now, WEDNESDAY, AUGUST 27, 2014 we can talk more about this trade.

Just remember I am the only one still calling LONG andholding regardless of what is going on in the market from day to day.


Nothing special is happening on AUGUST 27 - its just that its two weeks from now.


You have seen my entry
You have read my plan two weeks prior to it being executed on AUG 1, 2014
It was executed - THURSDAY, AUGUST 13, 2014 - Long -1.6720
Now lets see what happens two weeks later on AUGUST 27, 2014



Please see AGAIN, previous post, dated TWO WEEKS AGO - Friday August 1, 2014 at 12:48pm
http://www.forexfactory.com/showthre...33#post7646533 - GBP/USD Position Trading Plan


HDA OUT
  • #393,579
  • Aug 14, 2014 11:20am Aug 14, 2014 11:20am
Quoting HDA
{quote} @eliasahmar: Billions of dollars was thrown at 1.6700 to support the Bull trend. I have already explained in my trading plan that between 1.6730 and 1.6500 position traders will be looking for long entries. Why has the GBP/USD not continue its rapid decent? Why are we hovering so calmly at this level? Will it break? Will it hold? Billions of dollars thrown at 1.6700 is a significant marker. Forget indicators, Forget Technical Analysis, Forget Fundamentals, Forget Carney This, Forget Yellen That, and try and find out the Facts and trade ONLY...
Perhaps something like this?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily814.jpg Size: 166 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #393,580
  • Aug 14, 2014 11:23am Aug 14, 2014 11:23am
Quoting Bones
let me show you something , this is why I post different charts here its relative , maybe I'm wrong but its worth considering , gbp cad support wont go without fight I remain short , {image}
Nice reaction GC, UC still a bull? GU.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADDaily814.jpg Size: 205 KB
Click to Enlarge Name: USDCADH4814.jpg Size: 180 KB
The world you desire can be won. It exists.. it is real.. it is possible..
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