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Cable Update (GBPUSD)

  • #394,441
  • Aug 21, 2014 3:19pm Aug 21, 2014 3:19pm
Quoting elbert3
looks like a false move down i cant find the past support ??? i was waiting for it thou
Looking at USDX and no news tomorrow until US session, EU/GU bulls should be ok. And probably even during US session for some profit taking after this week. If thats the case, next week might be a little bull, at least some...
Everyone can see the chart, but only a few can actually read it.
  • #394,442
  • Aug 21, 2014 3:50pm Aug 21, 2014 3:50pm
Quoting nAVIN2007
{quote} its going to fall..i think we lost a few pips due to usd looking a bit wobbly {image} {image}
Yeah, why ??

Me Long, SL about 300 pips

And with "its going.." thinking, you will not earn a flowerpot on the long therm. Or do you ??

Lets beat 'them' !!!
How to opt out annoying user signatures ??
  • #394,443
  • Aug 21, 2014 7:45pm Aug 21, 2014 7:45pm
Quoting Toranaga
{quote} Yeah, why ?? Me Long, SL about 300 pips And with "its going.." thinking, you will not earn a flowerpot on the long therm. Or do you ?? Lets beat 'them' !!!
Wow.. you long and put SL on 300 pips, on bearish trend ??
300 pips is huge bro..
and i imagine you have to put at minimum 500 pips on TP isn't it ?? :o
GTS V8 Return This Month: 4.7%
  • #394,444
  • Aug 21, 2014 8:50pm Aug 21, 2014 8:50pm
Quoting rizkinovri
{quote} Wow.. you long and put SL on 300 pips, on bearish trend ?? 300 pips is huge bro.. and i imagine you have to put at minimum 500 pips on TP isn't it ?? :o
depend on the lot size...
  • #394,445
  • Aug 21, 2014 9:03pm Aug 21, 2014 9:03pm
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. {image}
Only if Traders following HDA could understand this
Oh this great trader back in 2013 was publicly addressing FF members and guests on EURUSD thread to hold short targeting 1.3080 (options barrier) or something like that ....... then it shoot up to 1.3993x ......... as of this post the rate is at 1.32766 ..........

He never posted on that thread anymore .............

May god bless the souls of the followers of this great trader .............

Amin
  • #394,446
  • Aug 21, 2014 9:09pm Aug 21, 2014 9:09pm
Quoting Red Alert
{quote} depend on the lot size...
But still, it's a really huge pips.. i'm not talkin about the lot and the dollar he can make..
But, it's just big and gonna really wait for a really long time to TP 500 pips or SL touch the 300 pips SL, price movement especially in GBP is take long enough to get that much pips..
GTS V8 Return This Month: 4.7%
  • #394,447
  • Aug 21, 2014 9:24pm Aug 21, 2014 9:24pm
Quoting Ken A
{quote} Oh this great trader back in 2013 was publicly addressing FF members and guests on EURUSD thread to hold short targeting 1.3080 (options barrier) or something like that ....... then it shoot up to 1.3993x ......... as of this post the rate is at 1.32766 .......... He never posted on that thread anymore ............. May god bless the souls of the followers of this great trader ............. Amin
I remember that
A good trader follows his rules, but great trader knows when to break them
  • #394,448
  • Aug 21, 2014 10:25pm Aug 21, 2014 10:25pm
Quoting Ken A
{quote} Oh this great trader back in 2013 was publicly addressing FF members and guests on EURUSD thread to hold short targeting 1.3080 (options barrier) or something like that ....... then it shoot up to 1.3993x ......... as of this post the rate is at 1.32766 .......... He never posted on that thread anymore ............. May god bless the souls of the followers of this great trader ............. Amin
Ok Ken, you brought it up. This was the result. Your post is a little misleading. I remember....

Quoting HDA
Stop Hit! 250pips profit (-90) = 160 pips profit EUR/USD
He is long and away.

Quoting HDA
GOOD EVENING FOREX FACTORY MEMBERS AND GUESTS 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...
He is long at 1.6720. He has also stated that he intends to scale in all the way to 1.65. I might have missed what the additional entries or plan is.

So, is the point, not to blindly follow someone else? I would agree. He even stated as much.

But, is not the point of the thread to share charts, ideas, plans, etc. I really do not care except I find it interesting. Once in a while, I come across something I find interesting that I might have missed. He shares his ideas, his plan, and his entries. No problem with that if one is so inclined. I have posted lots of charts that show we are entering a high probability area for a long on larger tf's. It is up to the individual to decide on mm, targets, stops, and whether they see the pa they desire in the relevant areas to take the trade.

Let's see what happens.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #394,449
  • Aug 21, 2014 10:44pm Aug 21, 2014 10:44pm
Quoting Mr. Scott
{quote} Ok Ken, you brought it up. This was the result. Your post is a little misleading. I remember.... {quote} He is long and away. {quote} He is long at 1.6720. He has also stated that he intends to scale in all the way to 1.65. I might have missed what the additional entries or plan is. So, is the point, not to blindly follow someone else? I would agree. He even stated as much. But, is not the point of the thread to share charts, ideas, plans, etc. I really do not care except I find it interesting. Once in a while, I come across something I...
Oh you should never take my post seriously because I don't have my trade explorer shown to the public ...... (and no, it's not because of my account is so large don't have MT4 version

Also you don't know if I am posting from mental institution with imaginary wife and kids, imaginary private islands, imaginary private jet complete with the ground crews at my backyard strip ..........

You also don't know if my institution account not less than $ billion scalping for fun ........... is imaginary .....

Never take my post seriously ...........

I probably am having this Delusion of Grandeur

A delusion of grandeur is the fixed, false belief that one possesses superior qualities such as genius, fame, omnipotence, or wealth. It is most often a symptom of schizophrenia, but can also be a symptom found in psychotic or bipolar disorders, as well as dementia (such as Alzheimer’s).

People with a delusion of grandeur often have the conviction of having some great but unrecognized talent or insight. They may also believe they have made some important discovery that others don’t understand or appreciate.
  • #394,450
  • Aug 22, 2014 12:00am Aug 22, 2014 12:00am
Quoting nAVIN2007
{quote} i tried my best to make it more clear..hope it help to make u see what i see basically tone..if monthly close around 1.65..this is only going south! {image} {image}

you are right about going south Navin.but not without a retrace i guess.I'm long at the current levels and expecting a minimum of 150 pips from this point.
  • #394,451
  • Aug 22, 2014 12:06am Aug 22, 2014 12:06am
The CABLE confirmed a further weak closing below the low of the previous session suggesting further downside pressure suggesting a 1,65 undershooting!
The indicators of the daily chart are still well negative and still well oversold while however showing potential positive reversals; still the decline failed yet to confirm divergences in our reference RSI, therefore not confirming yet a negative tone, like for example the EUR/USD. The indicators of the s/t charts are instead showing a mixed picture with however bullish divergences in the 4h chart supporting a negative tone.
In the s/t only an hourly closing above 1,6605 will postpone further direct weakness favouring a rebound with the 200 hours line at 1,6685 the possible attraction.
We are still waiting for a decent rebound to sell but at the moment we did not see any signal suggesting a rebound, like we had for the EUR/USD.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 140822.png Size: 159 KB
  • #394,452
  • Aug 22, 2014 12:09am Aug 22, 2014 12:09am
Quoting Tint
The CABLE confirmed a further weak closing below the low of the previous session suggesting further downside pressure suggesting a 1,65 undershooting! The indicators of the daily chart are still well negative and still well oversold while however showing potential positive reversals; still the decline failed yet to confirm divergences in our reference RSI, therefore not confirming yet a negative tone, like for example the EUR/USD. The indicators of the s/t charts are instead showing a mixed picture with however bullish divergences in the 4h chart...

i fully aggree too. cable is extremely bearish at this time. great time for scalping short. i dont even see any sign of rebound, at least quite yet. great analysis "tint"
  • #394,453
  • Aug 22, 2014 12:29am Aug 22, 2014 12:29am
Quoting Mr. Scott
{quote} Ok Ken, you brought it up. This was the result. Your post is a little misleading. I remember.... {quote} He is long and away. {quote} He is long at 1.6720. He has also stated that he intends to scale in all the way to 1.65. I might have missed what the additional entries or plan is. So, is the point, not to blindly follow someone else? I would agree. He even stated as much. But, is not the point of the thread to share charts, ideas, plans, etc. I really do not care except I find it interesting. Once in a while, I come across something I...
Morning Mr Scott ,well said it seems that we sometimes post the same comments see my posts yesterday,,sorry i know you would of read them,,lol gl as ever Billy
  • #394,454
  • Edited 12:44am Aug 22, 2014 12:30am | Edited 12:44am
Price approaching strong support weekly/monthly low basis & me take profit this friday to watch next week only.
thanks , take care .
fontu
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusdweekly.png Size: 46 KB
Click to Enlarge Name: gbpusddaily.png Size: 42 KB
Click to Enlarge Name: gbpusdh4.png Size: 38 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #394,455
  • Aug 22, 2014 1:58am Aug 22, 2014 1:58am
Quoting GlobalMacro
...And the beat goes on ..... and the beat goes on ..... {image}
hi GM!

from buy-the-dip to "dances with beares"? i also think the game has changed, one can find good reasons, technical and fundamental, for this assumption.
and as always, dumb money index shows the majority is long.
good luck!
fortis fortuna adiuvat
  • #394,456
  • Aug 22, 2014 2:40am Aug 22, 2014 2:40am
Quoting Ken A
{quote} Oh you should never take my post seriously because I don't have my trade explorer shown to the public ...... (and no, it's not because of my account is so large don't have MT4 version Also you don't know if I am posting from mental institution with imaginary wife and kids, imaginary private islands, imaginary private jet complete with the ground crews at my backyard strip .......... You also don't know if my institution account not less than $ billion scalping for fun ........... is imaginary ..... Never take my post seriously ..............
Münchausen syndrome is the same but the person has illness symptoms,more or less the same people imagine though story telling that they become that person in there own mind,,they will even talk about the subject as thou they dont suffer from this,,,,could this be you Ken????,,,lol joking E
  • #394,457
  • Aug 22, 2014 2:57am Aug 22, 2014 2:57am
Lets see what we have got ,,
1. the one hour chart now has 2 doji formed candles
2. green news from the USA, no move down on the news announcement below that days low ???
3.pivot has been broken 582 and price has tried to come back below and at this time is being rejected and moving up,, note could still try??.
4.7/2 vote on the bank of E rate investors moved in and i think,,,think the price was factored in hence no move down on the USA news
5. profit taking after a looooonnng run down..
6. look left on the high tc,some support Mr Scott i hope you have seen that,,regards lol
6. and this is the most important thing and that is i am now long,,lol

7. if this goes tits up forget the post,,lol any body like to share there opinion against the case for going long
  • #394,458
  • Aug 22, 2014 3:01am Aug 22, 2014 3:01am
Quoting elbert3
any body like to share there opinion against the case for going long
Oh... just because. .. (kidding)
Ghost Rider - WWTBMD?
  • #394,459
  • Aug 22, 2014 3:04am Aug 22, 2014 3:04am
It seems the trigger for today up-range! otherwise Cable DOWN.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 63 KB
  • #394,460
  • Aug 22, 2014 3:06am Aug 22, 2014 3:06am
Quoting albchr
{quote} Oh... just because. .. (kidding)
ah morning Sir,,i have just been to your internet home ??? knocked but no answer ??? so i posted the same post on your door ,,but i find you out walking around to here,,nice to see you,,lol regards Billy
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