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Cable Update (GBPUSD)

  • #395,281
  • Aug 29, 2014 5:34am Aug 29, 2014 5:34am
no I don't take as sarcasm ,you are right if was that clear id be short ,I guess once you exit its hard to enter again ,fear and all that ,but I can not see long or short right now,


Quoting albchr
{quote} I understand Tony. I wasn't saying you were directing them at anyone. But you are posting and I did have a question based on those posts so I asked it, that's all. You have posted many "breaks" to the bear side and I guess that's where my confusion came in. Since you look at the larger TF's "mainly", I thought the path was clear to you and hence, wondered why you weren't short. Please don't take my comments or questions as sarcasm like Navin always does. I'm simply trying to understand the thinking that's all. Now I do. I don't use...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,282
  • Aug 29, 2014 5:41am Aug 29, 2014 5:41am
but my friend hda has strong conviction long medium term ? to me this is not going to pan out ,


Quoting HDA
{quote} @srt: Always remember this and in the future, I want you to observe what happens everytime bear stops are cleared at the DEMAND ZONE or bull stops are cleared at the SUPPLY ZONE. 1.6610 stops were cleared (weak probability to be short) at the DEMAND ZONE - whenever tSee What Happens Please see position trading plan, posted long before the market moved and you have a look see if it is doing what was stated. Now the rise I spoke about that is going to defy all logic is what is left to come to complete the trading plan. http://www.forexfactory.com/showthre...90#post7697890...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD monthly (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,283
  • Aug 29, 2014 5:46am Aug 29, 2014 5:46am
Quoting Bones
truth is Nav I had some really good sells ,which I should hold with my conviction ,its very difficult to hold even with conviction ,I want to play this down as professional as poss , if thats what we will do , {quote}

brother u have conviction..i was trying to make chris understand..i have got to a stage where i can trade 4-5 pounds a point but i dont have the conviction to hold a trade for many pips..im caught in a drawdown and holding a draw down is a lot easier to do but i cant say the same if it was a fresh trade..
I think i can manage £2 and have conviction maybe £3

now u have the same issue only your scale is perhaps 5 times
if u were trading £5 a point then im sure ud have no issue

its all about what the threhold is for each individual which does not cloud the emotions..for me this is simply an exercise to build my threhold so i can hopefully be able to make a living from this!!..
Tony i wish i had cast iron nuts bro!!
To cut a long story short:- u have conviction but i think u are at your limit threshold wise hence finding it hard to hold?

the truth is when price was at 1.72..we all had a brillaint opportunity to make some corn
  • #395,284
  • Aug 29, 2014 5:48am Aug 29, 2014 5:48am
Quoting Bones
im not short at all ,I'm waiting for signal ,month end draws close,
Another way of approaching this.

What do you mean by a "signal" Bones?
Monthly pivot repositioning after this months close?
Come with me if you want to live....
  • #395,285
  • Aug 29, 2014 5:55am Aug 29, 2014 5:55am
Quoting Bones
no I don't take as sarcasm ,you are right if was that clear id be short ,I guess once you exit its hard to enter again ,fear and all that ,but I can not see long or short right now, {quote}
None of us can be 100% sure that's a fact. Personally, I think you banked your shorts at exactly the right time.

My long view at this area comes from weeks ago. As of right now, all I see is it holding where I thought it would and it seems to be building strength. Hence my longs and my waiting to see if I'm right.
Ghost Rider - WWTBMD?
  • #395,286
  • Aug 29, 2014 6:11am Aug 29, 2014 6:11am
Quoting chazzle
long here for 620 .... deja vu
closed - minus a couple - good w/e all
  • #395,287
  • Aug 29, 2014 6:20am Aug 29, 2014 6:20am
Quoting Bones
but my friend hda has strong conviction long medium term ? to me this is not going to pan out , {quote} {image}
Yes he does, and he has very good reason for it too IMHO.

Anyway, daylight is here and I must be moving now. Have a great day Tony and everyone, enjoy the weekend.
Ghost Rider - WWTBMD?
  • #395,288
  • Aug 29, 2014 6:20am Aug 29, 2014 6:20am
honestly I do it all the time close great trades on blips ,
I'm focused on Dax ,if cable goes up or down I'm not sure 100% how that affects ,I'm learning dax as Global pointed out its a great chart ,great pa,
with Russian army in Ukraine (on holiday ) fundamentally it is possible to what I see on higher higher tfs ,


Quoting nAVIN2007
{quote} brother u have conviction..i was trying to make chris understand..i have got to a stage where i can trade 4-5 pounds a point but i dont have the conviction to hold a trade for many pips..im caught in a drawdown and holding a draw down is a lot easier to do but i cant say the same if it was a fresh trade.. I think i can manage £2 and have conviction maybe £3 now u have the same issue only your scale is perhaps 5 times if u were trading £5 a point then im sure ud have no issue its all about what the threhold is for each individual which does...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,289
  • Aug 29, 2014 6:24am Aug 29, 2014 6:24am
That's cool if the both armies time a vacation for few years lol.
Nice a weekend all.
  • #395,290
  • Aug 29, 2014 6:50am Aug 29, 2014 6:50am
weekly open has halted things but close near yesterdays low would b good,

Quoting Bones
honestly I do it all the time close great trades on blips , I'm focused on Dax ,if cable goes up or down I'm not sure 100% how that affects ,I'm learning dax as Global pointed out its a great chart ,great pa, with Russian army in Ukraine (on holiday ) fundamentally it is possible to what I see on higher higher tfs , {quote}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,291
  • Aug 29, 2014 6:54am Aug 29, 2014 6:54am
watch 72 guys this might want to take out the bottom
  • #395,292
  • Aug 29, 2014 7:12am Aug 29, 2014 7:12am
Quoting elbert3
{quote} just got taken out clear now 1 loss 5 wins some big some only pips,, ,,look later now about 6582 ish
ok mate - good luck , I'm done with 'em for the week - see you later
  • #395,293
  • Aug 29, 2014 7:13am Aug 29, 2014 7:13am
just something pa ,yes pivots move down actually cable not far from monthly s3 ,next month I guess they widen ,

Quoting Ill-b-back
{quote} Another way of approaching this. What do you mean by a "signal" Bones? Monthly pivot repositioning after this months close?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp JPY w1 (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,294
  • Aug 29, 2014 7:14am Aug 29, 2014 7:14am
Quoting Bones
honestly I do it all the time close great trades on blips , I'm focused on Dax ,if cable goes up or down I'm not sure 100% how that affects ,I'm learning dax as Global pointed out its a great chart ,great pa, with Russian army in Ukraine (on holiday ) fundamentally it is possible to what I see on higher higher tfs , {quote}
  • #395,295
  • Aug 29, 2014 7:18am Aug 29, 2014 7:18am
Attached Image (click to enlarge)
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it is good support then up to the 20 ema tl line or it could take out the bottom,,is it profit taking on a friday ???
  • #395,296
  • Aug 29, 2014 7:40am Aug 29, 2014 7:40am
Quoting cspip
{quote} . {image} {image}
wonder if GBPCAD can close below 1.79831
  • #395,297
  • Aug 29, 2014 7:40am Aug 29, 2014 7:40am
Quoting Bones
but my friend hda has strong conviction long medium term ? to me this is not going to pan out , {quote} {image}
@Bones:

Let's See What Happens



HDA OUT
  • #395,298
  • Aug 29, 2014 7:44am Aug 29, 2014 7:44am
Quoting HDA
{quote} @Bones: Let's See What Happens HDA OUT
Morning Mr Colourful ?? if this holds and goes long then i think we found the bottom of the trend if we have we could be in for some cheap longs here, 6607 will take us up there and a close today 6610 should seal it,,lets see what happens
lol Regards E
  • #395,299
  • Aug 29, 2014 7:51am Aug 29, 2014 7:51am
gbp cad has broke free just like eur cad


Quoting cspip
{quote} wonder if GBPCAD can close below 1.79831
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,300
  • Aug 29, 2014 7:52am Aug 29, 2014 7:52am
Quoting elbert3
{quote} Morning Mr Colourful ?? if this holds and goes long then i think we found the bottom of the trend if we have we could be in for some cheap longs here, 6607 will take us up there and a close today 6610 should seal it,,lets see what happens lol Regards E

@THE COMMENTATOR: aka elbert3

Right on This would be the second turning point that I have displayed trading my plan publicly.

The previous publicly displayed turning point was this post to you on FRIDAY, JULY 11, 2014 at 3:45am, please click on link
http://www.forexfactory.com/showthre...09#post7598409

LoL!



HDA OUT
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