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Cable Update (GBPUSD)

  • #394,921
  • Aug 27, 2014 10:16am Aug 27, 2014 10:16am
Trade confirmation
On 27-Aug-2014 at 15:13:01 (GMT)
You bought 2 GBPUSD @ 1.65835 for value date 29-Aug-2014
Front office position id: 141017325
Account: 5589929
Attached Image (click to enlarge)
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  • #394,922
  • Aug 27, 2014 10:17am Aug 27, 2014 10:17am
cable monthly ,really I wouldn't be surprised if it close just like that ,but id be amazed to see this month positive,
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,923
  • Aug 27, 2014 10:21am Aug 27, 2014 10:21am
id be supprised to see 18,500 tbh anytime soon

Quoting Bones
1.90 firmly off agenda {quote}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,924
  • Aug 27, 2014 10:28am Aug 27, 2014 10:28am
Quoting Bones
Well this month can not really be turned around bulls have a better chance next month ,bear in mind 2 bearish candles now little data ahead, poss $ would carry on tomorrow ,see how we react {quote} {image}
I would agree completely. The bulls would have a very tough time turning this month's GU bar to bullish. Not gonna happen IMHO unless by a freak something or other .. lol

This is largely why I don't go by just candles anymore. Not that they aren't valid or important. But I see them as lagging most times in finding the start of a move. I've taken my position according to my plan and now all I can do is wait to see if I'm correct.

Thanks again for your views brother.
Ghost Rider - WWTBMD?
  • #394,925
  • Aug 27, 2014 10:31am Aug 27, 2014 10:31am
no prob Chris ,I guess if you talk monthly you could say lagging as to time to close
to me theres nothing more forward projecting

Quoting albchr
{quote} I would agree completely. The bulls would have a very tough time turning this month's GU bar to bullish. Not gonna happen IMHO unless by a freak something or other .. lol This is largely why I don't go by just candles anymore. Not that they aren't valid or important. But I see them as lagging most times in finding the start of a move. I've taken my position according to my plan and now all I can do is wait to see if I'm correct. Thanks again for your views brother.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,926
  • Aug 27, 2014 10:37am Aug 27, 2014 10:37am
, I know not to buy the confirmation candle ,few days off close

Quoting Bones
cable monthly ,really I wouldn't be surprised if it close just like that ,but id be amazed to see this month positive, {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp past USD (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,927
  • Aug 27, 2014 10:37am Aug 27, 2014 10:37am
Quoting Bones
no prob Chris ,I guess if you talk monthly you could say lagging as to time to close to me theres nothing more forward projecting {quote}
The beauty of this business. So many ways to see & skin the cat.

Anyway, I have some sick machinery here and I'm being very lazy about fixing it. I better get back to it now.

Enjoy the day everyone.
Ghost Rider - WWTBMD?
  • #394,928
  • Aug 27, 2014 10:46am Aug 27, 2014 10:46am
very true chris ,

Quoting albchr
{quote} The beauty of this business. So many ways to see & skin the cat. Anyway, I have some sick machinery here and I'm being very lazy about fixing it. I better get back to it now. Enjoy the day everyone.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,929
  • Aug 27, 2014 10:48am Aug 27, 2014 10:48am
this could fail ,based on that engulfing ,still in range just
Attached Image (click to enlarge)
Click to Enlarge Name: usd JPYmonth;ly 27 (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,930
  • Aug 27, 2014 11:14am Aug 27, 2014 11:14am
4H & Daily
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  • #394,931
  • Aug 27, 2014 11:18am Aug 27, 2014 11:18am
Quoting Kajos2250
Some lower TF scalp until H4 create a new HH, next buy limit .6569 at the moment... Good luck! {image}
Expected H4 fresh HH created, i hope it can create another one...
Untiill long scalps on board, next buy limit .6568...

Good luck!
Attached Image (click to enlarge)
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Anything is math!
  • #394,932
  • Aug 27, 2014 11:36am Aug 27, 2014 11:36am
Quoting Bones
id be supprised to see 18,500 tbh anytime soon {quote} {image}
Hi Bones,

But I would prefer to look for buys down here.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #394,933
  • Aug 27, 2014 11:51am Aug 27, 2014 11:51am
about to attack the 6600 again ??? buy order 6585 now
  • #394,934
  • Aug 27, 2014 11:52am Aug 27, 2014 11:52am
Quoting elbert3
about to attack the 6600 again ??? buy order 6585 now
You might get a spike during tomorrow US news, they should be bad. I hope you will short it and stop longing this.
Everyone can see the chart, but only a few can actually read it.
  • #394,935
  • Aug 27, 2014 11:57am Aug 27, 2014 11:57am
AS long as Euro is plummeting buying the GU makes no logical sense.
ECB is looking into QE to stimulate growth Feds style...
Euro zone bond yields fall as ECB's Draghi boosts QE speculation
1.28-25 EU equals roughly 1.55-58 GU based on correlation.

Failed to break 34 EMA
Its obvious big guns are selling the rallies and retail traders getting crashed trying to find the bottom.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #394,936
  • Aug 27, 2014 11:59am Aug 27, 2014 11:59am
Quoting OnlineAddict
{quote} You might get a spike during tomorrow US news, they should be bad. I hope you will short it and stop longing this.
  • #394,937
  • Aug 27, 2014 11:59am Aug 27, 2014 11:59am
Quoting giveachance
{quote} you said on aug 14th that in 2 weeks time we will talk about your position. do you still see 1.7100 or 1.7300 coming? lol. Position trader should accept losses as well. You got lucky in your last position because it started a downtrend. what do you have to say about today's low
@giveachance:

I remain long - first take profit 1.7100

I will continue to trade my plan.

Happy Trading

HDA OUT
  • #394,938
  • Aug 27, 2014 12:02pm Aug 27, 2014 12:02pm
Hi Scott ,well still few hurdles for bears guess you can have retrace's
where would you target ?

Quoting Mr. Scott
{quote} Hi Bones, But I would prefer to look for buys down here. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,939
  • Aug 27, 2014 12:04pm Aug 27, 2014 12:04pm
Quoting giveachance
{quote} yes heading to 1.75 and definitely not 1.90 as predicted by HDA
@giveachance:

I remain long - take profit 1.9000

Happy Trading



The market does not move in a straight line



HDA OUT
  • #394,940
  • Aug 27, 2014 12:04pm Aug 27, 2014 12:04pm
Quoting HDA
{quote} @giveachance: I remain long - first take profit 1.7100 I will continue to trade my plan. Happy Trading HDA OUT
good choice, good plan
Anything is math!
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