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Cable Update (GBPUSD)

  • #394,761
  • Aug 26, 2014 3:18am Aug 26, 2014 3:18am
Quoting Makavell
{quote} Yea! like, WHAT THE FUCK!!!!!
Good Morning Forex Factory Members And Guests

I just got in, jet lagged - hope everyone's trading is okay.

Traders if you are going to comment on my posts please read them carefully first.

Please read previous post dated, Thursday, August 14, 2014 at 10:27pm
http://www.forexfactory.com/showthre...15#post7676215


Here is part of the post: - please note SECOND excellent buy entry 1.6560 in the post.


1.6860 - First Big Hurdle To Overcome If We Get There
1.6793 - resistance
1.6757 - resistance
1.6740 - pay out US$364 million
1.6700 - Newly added Option Expiry
1.6720 - HDA's first scale in long entry
1.6700 Mega Bids have been filled
1.6667 - Support Tested
1.6560 - Excellent Buy Entry If We Get There


CURRENTLY today (Tuesday, August 26, 2014)


Trading plan as explained before is going according to plan. It has been executed perfectly, second scaling in entry limit order at 1.6560 has been filled.

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

1.7600 - Is off the table
1.7300 - Second Take Profit Target
1.7100 - First Take Profit Target
1.6860 - First Big Hurdle To Overcome If We Get There
1.6793 - resistance
1.6757 - resistance
1.6720 - HDA's first scale in long entry
1.6600 - resistance
1.6560 - HDA's second scale in long entry filled


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


Here is part of the post:

Just like I scaled in for the retrace going minus 145pips in the red before seeing green - so I will scaling into this GBP/USD long between the range of 1.6730 and 1.6500 - So again - I may be in the red, before seeing green again


Please see trading plan previously posted,
http://www.forexfactory.com/showthre...50#post7675550 - I STAND BEHIND MY TRADING PLAN.


Please also see warning to all traders to trade their own plan.
http://www.forexfactory.com/showthre...53#post7644653


I am currently as planned, now earning positive swaps as I wait for target number #1 and target #2 - GBP/USD while off-setting my GBP/CAD swap.

Gone to BED - just getting back.

This is a clear example of SET IT and FORGET IT Trading.


LET'S SEE WHAT HAPPENS



You have not lost on a trade until it closes.

Please remember I just made 715 pips shorting GBP/USD after being 145pips in the red.
Please remember I made over 3000 pips GBP/USD long, when my trade closed at 1.7000
Please note I have made over $57,000 in positive GBP/USD swaps from last year until now.
Please note I have not lost on any trade, since the year started -

I had day traded with THE COMMENTATOR aka elbert3 and gained 60pips and lost the 60pips the following day, so I broke even.


So with all this profit, if I am 145 pips in the red - while holding and earning positive GBP/USD swaps -

IT'S MY TRADE,
IT'S MY ACCOUNT,
IT'S MY TRADING PLAN,
IT'S MY PROFIT,
IT'S MY REDUCTION IN PROFIT (not a loss, just a reduction in profit should the trade not work out)

I can take a reduction in my profits - CAN YOU?

Create Your Own Plan -
Trade Your Own Plan.
I am doing just that.

DO NOT BLINDLY FOLLOW ME


HDA - what's your stop loss? My answer - Trade Your Own Plan.


HAPPY TRADING




HDA OUT
  • #394,762
  • Aug 26, 2014 3:20am Aug 26, 2014 3:20am
Quoting albchr
{quote} As do I I'm not putting much faith in that stick. Just thought it was an interesting structure given the level we're at. But you know me. If it doesn't give me any on the up, I'll take it on the down. At this point (and not based on candles), I see a "potential" retrace target of 6900. Have since slightly more than two weeks ago. Hence the reason for building some longs on the way down. As always, the market will prove me right or wrong. I can live with either.
Morning Chris nice to see you guys working together ,well done,, this 6597 is the killer at this time to get any longer i think this is the key to get to the upper tl, pc back with old charts on now and that demo i stared a few weeks ago that i was experimenting on,, because i could not touch it ,it has doubled the account,,i wish my live was the same ..lol this 4 hour is a bit messy and dark but you can see the channel it is in.
Attached Image (click to enlarge)
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  • #394,763
  • Aug 26, 2014 3:23am Aug 26, 2014 3:23am
Quoting Bones
yea lets see , {image}
Yep, we just have to wait. I see what you're saying with the fails but to me, they're totally different structures at different locations. Those inverted hammers (or whatever you want to call them) at a swing low and on support are "generally" a good sign of direction change.

Anyway, I have to be going now. Nice chat Tony. Thank you.
Ghost Rider - WWTBMD?
  • #394,764
  • Aug 26, 2014 3:27am Aug 26, 2014 3:27am
Quoting HDA
{quote} Good Morning Forex Factory Members And Guests I just got in, jet lagged - hope everyone's trading is okay. Traders if you are going to comment on my posts please read them carefully first. Please read previous post dated, Thursday, August 14, 2014 at 10:27pm http://www.forexfactory.com/showthre...15#post7676215 Here is part of the post: - please note SECOND excellent buy entry 1.6560 in the post. 1.6860 - First Big Hurdle To Overcome If We Get There 1.6793 - resistance 1.6757 - resistance 1.6740 - pay out US$364 million...
Welcome back HDA. Nice to see you.
Ghost Rider - WWTBMD?
  • #394,765
  • Aug 26, 2014 3:30am Aug 26, 2014 3:30am
Quoting chazzle
GU M15 trying a long here {image}
binned it ... waiting ...
Attached Image (click to enlarge)
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  • #394,766
  • Aug 26, 2014 3:32am Aug 26, 2014 3:32am
Quoting albchr
{quote} Yep, we just have to wait. I see what you're saying with the fails but to me, they're totally different structures at different locations. Those inverted hammers (or whatever you want to call them) at a swing low and on support are "generally" a good sign of direction change. Anyway, I have to be going now. Nice chat Tony. Thank you.
Nice guys nice,, the crazy thing about this chart is the upper trend line wants to go back to 7300?? if,,if this is the bottom and we could get a change of trend 7300 would be a long time off ,,the previous lower is 6468 this would be a double bottom ,so where is it going emas htc says short mixed at this time on the 1 hour so i would look to this for any changes ,HDA welcome back as ever regards E
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  • #394,767
  • Aug 26, 2014 3:39am Aug 26, 2014 3:39am
Quoting elbert3
{quote} Morning Chris nice to see you guys working together ,well done,, this 6597 is the killer at this time to get any longer i think this is the key to get to the upper tl, pc back with old charts on now and that demo i stared a few weeks ago that i was experimenting on,, because i could not touch it ,it has doubled the account,,i wish my live was the same ..lol this 4 hour is a bit messy and dark but you can see the channel it is in.{image}
Good morning Billy Funny how that works ... eh? I'm really not sure we'll see anything of a telling direction this week. I could be wrong but I won't be surprised to see it just meander around in a fairly tight range until next month.

Anyway, best wishes on the scalping brother. Enjoy the day.
Ghost Rider - WWTBMD?
  • #394,768
  • Aug 26, 2014 3:48am Aug 26, 2014 3:48am
Quoting albchr
{quote} Good morning Billy Funny how that works ... eh? I'm really not sure we'll see anything of a telling direction this week. I could be wrong but I won't be surprised to see it just meander around in a fairly tight range until next month. Anyway, best wishes on the scalping brother. Enjoy the day.
yes i just wish i kept the trades that was in the demo,,lol it shows you that keep your hands off works if any thing,,lol but demo is not live as we know,,interesting to HDA i was and are still building longs on gbcad,,one time 23k down now back to 14k,,so it might work,,forget the size of the money but the theory might work,and again it depends on the size of ones account ??
  • #394,769
  • Aug 26, 2014 3:52am Aug 26, 2014 3:52am
Keeping an eye on this one for the short side.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 24 KB
Click to Enlarge Name: GBPUSDH4.png Size: 21 KB
Come with me if you want to live....
  • #394,770
  • Aug 26, 2014 3:54am Aug 26, 2014 3:54am
Quoting nAVIN2007
{quote} lets be honest if i said i have no bias..id be looking at a full scale attack from chrissy i call call him this since he has meh on ignore
You got to start pressing buy/sell buttons again soon nAV,

idle hands start looking for fights

Come with me if you want to live....
  • #394,771
  • Aug 26, 2014 3:55am Aug 26, 2014 3:55am
Trade confirmation
On 26-Aug-2014 at 10:52:00 (GMT)
You bought 1 @ 1.65764 for value date 28-Aug-2014
Front office position id: 140970659
Account: 5589929

tester
  • #394,772
  • Edited 4:23am Aug 26, 2014 4:01am | Edited 4:23am
Quoting elbert3
Trade confirmation On 26-Aug-2014 at 10:52:00 (GMT) You bought 1 @ 1.65764 for value date 28-Aug-2014 Front office position id: 140970659 Account: 5589929 tester
Maybe i wrong but i think not good moment for buy if you see H4...

PS: I see is a test...
Try don't lose pants never...
  • #394,773
  • Aug 26, 2014 4:25am Aug 26, 2014 4:25am
Quoting elbert3
{quote} yes i just wish i kept the trades that was in the demo,,lol it shows you that keep your hands off works if any thing,,lol but demo is not live as we know,,interesting to HDA i was and are still building longs on gbcad,,one time 23k down now back to 14k,,so it might work,,forget the size of the money but the theory might work,and again it depends on the size of ones account ??
This is of course true. However in my humble opinion, the largest difference between DEMO and Live is in day trading or scalping. That's where you get purposefully lulled into a false sense of security on a DEMO due the lack of "real" conditions such as slippage, order delays, lack of (tightly) accurate price feeds and flat out broker manipulation. After all, a broker wants you to feel comfortable with the DEMO before going Live so those games aren't played much if at all on a DEMO.

But over the longer term such as your holding those trades for a while without interfering, A DEMO is actually a much closer (not perfect) but closer representation of a Live account. So in fact, had you done exactly the same on your live account, the results would have been very similar indeed.
Ghost Rider - WWTBMD?
  • #394,774
  • Aug 26, 2014 4:27am Aug 26, 2014 4:27am
Quoting braintheboss
{quote} Maybe i wrong but i think not good moment for buy if you see H4... PS: I see is a test...
cheers, yes posted the 4 hour before small lot testing on the 5 min ,,regards
  • #394,775
  • Aug 26, 2014 4:31am Aug 26, 2014 4:31am
Quoting albchr
{quote} This is of course true. However in my humble opinion, the largest difference between DEMO and Live is in day trading or scalping. That's where you get purposefully lulled into a false sense of security on a DEMO due the lack of "real" conditions such as slippage, order delays, lack of (tightly) accurate price feeds and flat out broker manipulation. After all, a broker wants you to feel comfortable with the DEMO before going Live so those games aren't played much if at all on a DEMO. But over the longer term such as your holding those trades...
yes true Chis, the thing i found when you put the same trade in demo and live , you plot where your going then on the live because it moves 20 pips you think your wrong,,this is what i am trying to do have more confidence in the original trade , using the demo can give you a certain amount because you can see that you were right in the first place ..
  • #394,776
  • Aug 26, 2014 4:35am Aug 26, 2014 4:35am
anyone trading GN here? I'm looking at shorts..
as for GU am still long..may add more,..
  • #394,777
  • Aug 26, 2014 5:43am Aug 26, 2014 5:43am
Looks like a good sell area to me
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 23 KB
Come with me if you want to live....
  • #394,778
  • Aug 26, 2014 5:50am Aug 26, 2014 5:50am
Quoting HDA
{quote} Good Morning Forex Factory Members And Guests I just got in, jet lagged - hope everyone's trading is okay. Traders if you are going to comment on my posts please read them carefully first. Please read previous post dated, Thursday, August 14, 2014 at 10:27pm http://www.forexfactory.com/showthre...15#post7676215 Here is part of the post: - please note SECOND excellent buy entry 1.6560 in the post. 1.6860 - First Big Hurdle To Overcome If We Get There 1.6793 - resistance 1.6757 - resistance 1.6740 - pay out US$364 million...
Good morning SIR
I think this numbers (including swaps) is from your inistutional account. Which platform do you use? What is differnece between retail broker mt4 account vs inistutional account(only more 0?) ? Pro/cons? Appreciate your thoughts..
  • #394,779
  • Aug 26, 2014 6:06am Aug 26, 2014 6:06am
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 59 KB
see if this works out
  • #394,780
  • Aug 26, 2014 6:08am Aug 26, 2014 6:08am
Quoting Ill-b-back
Looks like a good sell area to me {image}
GBPUSD is in a well established down-trend and any bounce towards 1.6600 would be seen as selling opportunity.
We could see the pair to eventually drop to 1.6500-1.6480 support area, lower trend-line support of a descending trend-channel formation on H4.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 26082014 1.png Size: 6 KB
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