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Cable Update (GBPUSD)

  • #394,381
  • Aug 21, 2014 11:40am Aug 21, 2014 11:40am
Quoting nAVIN2007
{quote}
HDAs post lets see if it will defy ...


I will be away until the 25th of AUGUST, 2014. I will not be around to share my trade ideas.

Just a heads up - regardless of what goes on in the market for the next two weeks -

I remain LONG - GBP/USD
I remain LONG - GBP/CAD

All Limit Orders have been set.

As planned, I am currently earning my positive GBP/USD swaps as I continue to hold long in my trade.

The are no Option Expiry for 10am eastern on Monday, August 18, 2014.

The GBP/USD will continue to rise regardless of what technical, fundamental or other analysis you want to put on it.

It will defy all logic.

  • #394,382
  • Aug 21, 2014 11:44am Aug 21, 2014 11:44am
Quoting OnlineAddict
If this manages to close above 6600, that would be a nice bullish sign for tomorrow.
the daily candle is already giving a nice bullish sign not to mention the 7 weekly candles in a row!
  • #394,383
  • Aug 21, 2014 11:44am Aug 21, 2014 11:44am
i think now it the right time to enter gbcad looking for the right candles
  • #394,384
  • Aug 21, 2014 11:57am Aug 21, 2014 11:57am
Quoting elbert3
{quote} HDAs post lets see if it will defy ... I will be away until the 25th of AUGUST, 2014. I will not be around to share my trade ideas. Just a heads up - regardless of what goes on in the market for the next two weeks - I remain LONG - GBP/USD I remain LONG - GBP/CAD All Limit Orders have been set. As planned, I am currently earning my positive GBP/USD swaps as I continue to hold long in my trade. The are no Option Expiry for 10am eastern on Monday, August 18, 2014. The GBP/USD will continue to rise regardless of what technical, fundamental...

I am sure this will defy all logic & go DOWN to 1.645xx before any BIG UP,
Lets see what happens
A good trader follows his rules, but great trader knows when to break them
  • #394,385
  • Aug 21, 2014 11:57am Aug 21, 2014 11:57am
Looks like a nice profit for me in a few weeks time. Usually the deeper the RED figures I am seeing, the equivalent numbers or more in GREEN will come as always.
Only that HDA is going to exit at 1.71 and 1.73 whereas I am getting out at a lower number. I am still very impressed with his numbers. I believe his $1.71/1.73 will come but I had to exit earlier than his numbers as my system ask for it.
For those who still believe in HDA style, continue to have faith in it. IGNORE all news. Just ensure that your capital can withstand the draw down. Give some allowance of down to at least $1.645, and all should be well.
Attached Image (click to enlarge)
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  • #394,386
  • Aug 21, 2014 12:00pm Aug 21, 2014 12:00pm
Quoting moneymove
{quote} Seems like your blah blah blah happening right now
Or the Price in a down spiral since weeks, simply did not make it above the Weekly Pivot.

After 7 tries in H4, it does not need to be a genius to notice that the price could go to the south again,
especially when a positive Gap happened, and a over top the Weeks opening is not in sight.

If the price, in this constellation, at Tuesday morning hits the Fridays close, and goes thru it,
its not a closing the Gap automatism, its simply business as usual.

Imo

Attached Image (click to enlarge)
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How to opt out annoying user signatures ??
  • #394,387
  • Aug 21, 2014 12:02pm Aug 21, 2014 12:02pm
Quoting AllyB
{quote} just chugging along here. had a small loss earlier so on the side for now. and how are you doing? still short?

Im good Ally..this week my work place reduced my hours so i had a couple of day off, its been great
yup i am still short..i cannot wait to day trade with a visiable stop
  • #394,388
  • Aug 21, 2014 12:03pm Aug 21, 2014 12:03pm
Just ensure that your capital can withstand the draw down. Give some allowance of down to at least $1.645, and all should be well. {image}[/quote]

Only if Traders following HDA could understand this
A good trader follows his rules, but great trader knows when to break them
  • #394,389
  • Aug 21, 2014 12:04pm Aug 21, 2014 12:04pm
Quoting nAVIN2007
{quote} your being silly since when did 2 people out of 9 become the majority..its just they are people in the panel that have changed from holding to increase, but just 2.. another thing house prices have shot up many people have taken mortagage ..an increase in interest rate will finish most people are complaining that tube fairs going up by 3% next year..and u can see the figure yourself they are not moving with conviction to support rate rise
Nav you are quite incline to call folks silly and fruitcakes...I made an opinion that's all.... if you agree then, cool... but if not then that's fine, you trade the way you trade and I'll do the way I do .... and I'll continue to share my thoughts... peace out...
Peace & Pips
  • #394,390
  • Aug 21, 2014 12:05pm Aug 21, 2014 12:05pm
Quoting Anti_Losses
Looks like a nice profit for me in a few weeks time. Usually the deeper the RED figures I am seeing, the equivalent numbers or more in GREEN will come as always. Only that HDA is going to exit at 1.71 and 1.73 whereas I am getting out at a lower number. I am still very impressed with his numbers. I believe his $1.71/1.73 will come but I had to exit earlier than his numbers as my system ask for it. For those who still believe in HDA style, continue to have faith in it. IGNORE all news. Just ensure that your capital can withstand the draw down. Give...
technically i do not share this view..esspecailly if i cant see that perpective from a chart..it will be interesting to see at what point he cuts this trade
  • #394,391
  • Aug 21, 2014 12:08pm Aug 21, 2014 12:08pm
Quoting YardiFX
{quote} Nav you are quite incline to call folks silly and fruitcakes...I made an opinion that's all.... if you agree then, cool... but if not then that's fine, you trade the way you trade and I'll do the way I do .... and I'll continue to share my thoughts... peace out...

i did not mean it personally bro..i take what i said back!!
u are certainly not silly but i do think 2 people wanting to raise trades just suggests some folks on the panel want an increase, 2 from 9
  • #394,392
  • Aug 21, 2014 12:09pm Aug 21, 2014 12:09pm
Quoting ill_be_back
Just ensure that your capital can withstand the draw down. Give some allowance of down to at least $1.645, and all should be well.
Why 6450? I see 6370 below 6500.
Everyone can see the chart, but only a few can actually read it.
  • #394,393
  • Aug 21, 2014 12:10pm Aug 21, 2014 12:10pm
Quoting nAVIN2007
{quote} technically i do not share this view..esspecailly if i cant see that perpective from a chart..it will be interesting to see at what point he cuts this trade
And how will you know that, He never declares his SL
A good trader follows his rules, but great trader knows when to break them
  • #394,394
  • Aug 21, 2014 12:10pm Aug 21, 2014 12:10pm
Quoting elbert3
{quote} HDAs post lets see if it will defy ... I will be away until the 25th of AUGUST, 2014. I will not be around to share my trade ideas. Just a heads up - regardless of what goes on in the market for the next two weeks - I remain LONG - GBP/USD I remain LONG - GBP/CAD All Limit Orders have been set. As planned, I am currently earning my positive GBP/USD swaps as I continue to hold long in my trade. The are no Option Expiry for 10am eastern on Monday, August 18, 2014. The GBP/USD will continue to rise regardless of what technical, fundamental...
The question is...how many pips in relation to percentage drawdown does HDA allow on a negative trade. Because in this market no strategy is 100% successful. Assuming his Long position keeps going down(although i believe we are close to a turning point), what will be his approach then?

I admire many traders with their entry plans but i differentiate traders with their exit(bailout) plan if they are wrong in a trade position.
  • #394,395
  • Aug 21, 2014 12:11pm Aug 21, 2014 12:11pm
Quoting nAVIN2007
{quote} technically i do not share this view..esspecailly if i cant see that perpective from a chart..it will be interesting to see at what point he cuts this trade
My guess of his stop loss, is unlikely to be trigger unless like similar event that happened in 2008.
  • #394,396
  • Aug 21, 2014 12:11pm Aug 21, 2014 12:11pm
Quoting nAVIN2007
{quote} Im good Ally..this week my work place reduced my hours so i had a couple of day off, its been great yup i am still short..i cannot wait to day trade with a visiable stop
Navin Get's it,
So do Bones, Chris & 'Others...

People don't let people who say they see "Large Institutional BUY / SELL Order's",
coming right in, for say, the "1.67 area", and that they are going to the Beach for
two weeks & will come back to "Discuss It".

-DO NOT Make Trade Decision's OFF Of their Coat-Tails, and other Fools who were
doing the Buying, when a Neckline was just Broken, and when a wave 4 on a Monthly
Chart of the Pound is Spent. -(I'm still chasing the desire of a 'Violent' wave-5 down sometime).
the "Free-Fall", of what Bones is / was talking about...

I'm back off to the Beach myself, w/the Family... 'Took a Second to check in here.
Great Trade Navin, & other's...
'Will hollar at you later,
'Hypocrite', Going back to the Beach here,
For my Daughter's end of Summer,
Best of Pipping',

Jeff Out !
I will work to Objectively Identify my Edges
  • #394,397
  • Aug 21, 2014 12:12pm Aug 21, 2014 12:12pm
Quoting nAVIN2007
{quote} your being silly since when did 2 people out of 9 become the majority..its just they are people in the panel that have changed from holding to increase, but just 2.. another thing house prices have shot up many people have taken mortagage ..an increase in interest rate will finish most people are complaining that tube fairs going up by 3% next year..and u can see the figure yourself they are not moving with conviction to support rate rise
I didn't think that Yardi suggested that they were a majority, simply that,for the first time in goodness knows how any months, it hasn't been a 0-0-9 result. If two can change their minds, and it was always going to happen at some point, there's nothng to say that another two weren't just on the edge of doing so but bottled out.
A rate rise won't cripple anybodies mortgage as it will only be, probably, 0.25% and with the way the banks are covering their arses in handing them out (reluctantly) it'll make little difference imho to the average Joe but could make a difference to the £.
  • #394,398
  • Aug 21, 2014 12:13pm Aug 21, 2014 12:13pm
Quoting OnlineAddict
{quote} Why 6450? I see 6370 below 6500.
I have 1.64475 as Bounce area, Then will see if UP or more DOWN
A good trader follows his rules, but great trader knows when to break them
  • #394,399
  • Aug 21, 2014 12:13pm Aug 21, 2014 12:13pm
Majority of the human behavior for centuries do not change. Base on this understanding, plus emotional control on your part, profiting from market consistently is doable.
  • #394,400
  • Aug 21, 2014 12:16pm Aug 21, 2014 12:16pm
Also,

For the Beginner's w/funds they don't want blown,
like we at the school of hard knock's have...

Just draw a daw-gone "Fib", from the Last weekly chart or
"Run" Up the Hill... (You can't run up a hill forever).
She is tired, and has needed this Retracement).

Even if you go long, on retraces, -fine, but if you are wise,
the bigger longs won't even begin until a 38.2 of the move up.
Trend at the moment is SOUTH.

Anyway, live & learn.

Jeff Out
I will work to Objectively Identify my Edges
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