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Cable Update (GBPUSD)

  • #394,981
  • Aug 27, 2014 8:21pm Aug 27, 2014 8:21pm
Quoting OnlineAddict
{quote} Looks like even 6600 is too much to ask for...it got already rejected by 6594. Anyway, I wouldn't long this...not at these levels, not right now.
if I say between 6800 and 6900, am I crazy?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #394,982
  • Aug 27, 2014 8:23pm Aug 27, 2014 8:23pm
Quoting ffleo
{quote} if I say between 6800 and 6900, am I crazy?
I'm not saying its not possible, but I'm an intraday trader...so just thinking about today and tomorrow. We will most probably go below 6560 again...after that who knows.
Everyone can see the chart, but only a few can actually read it.
  • #394,983
  • Aug 27, 2014 9:00pm Aug 27, 2014 9:00pm
Quoting ffleo
{quote} if I say between 6800 and 6900, am I crazy?
Ghost Rider - WWTBMD?
  • #394,984
  • Aug 27, 2014 9:44pm Aug 27, 2014 9:44pm
Quoting pipster1
I am semi-bullish on the GU at this point . I may take an entry if we get a push past 1.65840. Midrange charts show a double bottom followed by a higher high. If price tests 1.6605 level again I will place a pending buy (add position) at that level. Also since the last reset, I am counting 5 pushes down with failure on the 5th push (wave). A long retrace to 1.66230 - 1.66440 range seems reasonable if we get a breakout. Again this trade would be counter trend so a quick SL move to break even would be warranted if price heads for +15 or more above...
1st pending buy line executed at 1.65840... Will add via pending buy line at 1.6605 Trade plan mapped and looking for a target of 1.66230 at a minimum....usually don't hold overnight, but this PA is textbook.

will be moving to break even on first trade if price can break 1.66 in the next hour or so. back to sleeep....zzzzzzzzzzz
  • #394,985
  • Aug 27, 2014 10:09pm Aug 27, 2014 10:09pm
Quoting albchr
{quote}
Dear God man what have you done?
Have you sold the entire market on your plan?
Come with me if you want to live....
  • #394,986
  • Aug 27, 2014 10:12pm Aug 27, 2014 10:12pm
Roger That Pipster...

And here we are Taking "Long's" w/HDA....
I'm in the same run up for a few!

'had that 'Inkling Asia was going to "Pop" her North, again !
Good Call Pipster,
I "Sweated out" a horrible "smart phone-fill" @1.6582, which became
1.6590. -Not the way you at all want to do things...!

Best of all Here goes some more,
"Knocking on the Door",

Jeff
I will work to Objectively Identify my Edges
  • #394,987
  • Aug 27, 2014 10:16pm Aug 27, 2014 10:16pm
Quoting Ill-b-back
{quote} Dear God man what have you done? Have you sold the entire market on your plan?
We are "Solidiers, 'in the HDA Army', we're gonna fight ahaha,
.... We are Converts,
to the P.A., we're gonna fight hey hey hey hey!
'Must be Punch Drunk Tired.
Hilarious, i'll be back,

Jeff Out
I will work to Objectively Identify my Edges
  • #394,988
  • Aug 27, 2014 10:18pm Aug 27, 2014 10:18pm
Quoting TerpFan2
{quote} We are "Solidiers, 'in the HDA Army', we're gonna fight ahaha, .... We are Converts, to the P.A., we're gonna fight hey hey hey hey! 'Must be Punch Drunk Tired. Hilarious, i'll be back, Jeff Out
Looks like I am the Only one against the whole Army
A good trader follows his rules, but great trader knows when to break them
  • #394,989
  • Aug 27, 2014 10:27pm Aug 27, 2014 10:27pm
Long Term,

I'm w/you & Bones, I'll be Back...

I need to work better on honing some set-up's & executions...
I've been popping in/out of wave-4's & wave-5's and "such",
and trying to "snip" @A-B-C corrections, and it's been like getting
your hand 'tazed on the Toaster, with these minor little annoying
"Burns". !
@This point i'll be happy w/Ten, let alone a baker's dozen...
We will see!

Anyway,
Best of Pipping,
I'm sure the "Short Train" will no doubt yield it's head again.

Jeff Out
I will work to Objectively Identify my Edges
  • #394,990
  • Aug 27, 2014 10:32pm Aug 27, 2014 10:32pm
Well the Euro just broke...and the GU is trying....moved stop to break even on first pos...hell i'm awake now...time for coffee.
  • #394,991
  • Aug 27, 2014 10:39pm Aug 27, 2014 10:39pm
kicking myself for dumping my long scalp on the Euro, left pips on the table, but GU PA was more solid, more evidence of a turn. I wish this was mid September when there is more volume. Should be in bed but things are heating up. Red eyes tomorrow!
  • #394,992
  • Aug 27, 2014 10:46pm Aug 27, 2014 10:46pm
Here's a "Pedestrian" Chart
on some External Retracement Targets,
-as you mentioned Pipster.

I see what you see, "Red Eyes"!
I'm probably gonna hit the rack though,
Best of Pipping all,

Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: 8_27_2014 GBP_USD Possible Projection Levels.png Size: 39 KB
I will work to Objectively Identify my Edges
  • #394,993
  • Aug 27, 2014 10:55pm Aug 27, 2014 10:55pm
Quoting TerpFan2
Long Term, I'm w/you & Bones, I'll be Back... I need to work better on honing some set-up's & executions... I've been popping in/out of wave-4's & wave-5's and "such", and trying to "snip" @A-B-C corrections, and it's been like getting your hand 'tazed on the Toaster, with these minor little annoying "Burns". ! @This point i'll be happy w/Ten, let alone a baker's dozen... We will see! Anyway, Best of Pipping, I'm sure the "Short Train" will no doubt yield it's head again. Jeff Out
Terp:

I once used Elliott wave to try and map my trades. The more I used it, the more I found that it clouded things and focused my attention on the wrong areas. Now I simply am aware of when PA has a number of pushes up or down, HH HL, HH etc....after 4th wave trend tends to slow. Much easier to understand. I incorporate this with a number of other factor to determine entries.

Seems like many pure Elliott wave guys spend all day debating about what wave they are on. Either way, I don't consider it anymore and it has helped my trading. But I don't use MA, fibos, or pivots either...

Appears the lack of volume gave us a rejection on the 2nd attempt at a GU break out . Counter trend during Asian session is never easy. Pending buy still in place.

Cheers
  • #394,994
  • Aug 27, 2014 11:04pm Aug 27, 2014 11:04pm
Good Info,
Thanks Pipster...

I'll 'Heartilly Agree' to that... (Above on Wave-Count's & "Such").
-Understood.

I'm just getting back after a 1.5 - 2 yr "HiAtus".
Thank you for the "Skinny". -I see what you are saying...
Though i am in the "Miner-Camp" -Robert Miner, i want to incorporate,
what else i learned, & am still learning- Thank You again.

And you're right... One note he mentions is "People will go off into labeling
things x, y, z and he called it the "I Don't Know" waves, when bottom line,
you're here to make money, keep it simple & leave.

Thanks Again,
Pipster,
Best of Pipping,

Jeff
I will work to Objectively Identify my Edges
  • #394,995
  • Aug 27, 2014 11:12pm Aug 27, 2014 11:12pm
Quoting TerpFan2
Roger That Pipster... And here we are Taking "Long's" w/HDA.... I'm in the same run up for a few! 'had that 'Inkling Asia was going to "Pop" her North, again ! Good Call Pipster, I "Sweated out" a horrible "smart phone-fill" @1.6582, which became 1.6590. -Not the way you at all want to do things...! Best of all Here goes some more, "Knocking on the Door", Jeff
LOL...what that guy says has zero bearing on any trade i take.

I questioned one of his random long entries that I read as a sell signal (which it was) and he rattled off some challenge about checking back in two weeks or something. That was 150 pips ago.. whatever, who cares. I am a shorter term trader with higher lots that is my style. He, as many people on this board do, have a longer turn outlook.

I mentioned adding to losing positions and and not using a stop as the two biggest factors that lead to account vaporization, this was described as "position trading." If people are successful using these techniques fantastic. Not my style.
  • #394,996
  • Aug 27, 2014 11:14pm Aug 27, 2014 11:14pm
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...

HDA, I normally can find answer to your exact area, but why was the entry at 16560? Can you explain in detail please much appreciate if you can. I was waiting for 16508 myself but I cant bring myself to long it, have opted for the AUD USD as its an easier long in the short term... I see all the details people buying etc the pound but it could just as easily fall in my opinion so have left it alone currently but be good to know exactly why you picked 16560??? Much appreciated Russ
  • #394,997
  • Aug 27, 2014 11:18pm Aug 27, 2014 11:18pm
Appears Euro is attempting one more push long, as is GU. Will wait to see if it is rejected again. Then back to sleep.

Good luck all, current long GU position safe at lock profit.
  • #394,998
  • Aug 27, 2014 11:25pm Aug 27, 2014 11:25pm
Quoting pipster1
{quote} LOL...what that guy says has zero bearing on any trade i take. I questioned one of his random long entries that I read as a sell signal (which it was) and he rattled off some challenge about checking back in two weeks or something. That was 150 pips ago.. whatever, who cares. I am a shorter term trader with higher lots that is my style. He, as many people on this board do, have a longer turn outlook. I mentioned adding to losing positions and and not using a stop as the two biggest factors that lead to account vaporization, this was described...
"Comprende'"...
What grieved me was i think it was "I'll be back" was having to help newbies w/Support
points to stay the game, so their account wasn't completely "blown",
-Like you said, 150 Pip's down. -Yike's!

I can see "Cloggie" giving a belt-whipping w/a Rubber Hose, for those kind of calls, like:
"I SEE the Order's Piling Up", "In the Industrial Account" Holdings & such.
Whatever,
I just don't like to see the youth, "Burned".
Best of All,

Jeff
I will work to Objectively Identify my Edges
  • #394,999
  • Aug 27, 2014 11:28pm Aug 27, 2014 11:28pm
[quote=RussJ;7702208]{quote} HDA, I normally can find answer to your exact area, but why was the entry at 16560?

Maybe:

http://ts1.mm.bing.net/th?&id=HN.608...d=1.9&rs=0&p=0
I will work to Objectively Identify my Edges
  • #395,000
  • Aug 27, 2014 11:33pm Aug 27, 2014 11:33pm
Quoting TerpFan2
{quote} "Comprende'"... What grieved me was i think it was "I'll be back" was having to help newbies w/Support points to stay the game, so their account wasn't completely "blown", -Like you said, 150 Pip's down. -Yike's! I can see "Cloggie" giving a belt-whipping w/a Rubber Hose, for those kind of calls, like: "I SEE the Order's Piling Up", "In the Industrial Account" Holdings & such. Whatever, I just don't like to see the youth, "Burned". Best of All, Jeff
Agreed Jeff.

Well this August Asian session push has lost its steam for now. Shutting down here, check back in 5 hours or so.

Boa Noite !
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