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Cable Update (GBPUSD)

  • #395,641
  • Sep 1, 2014 4:17am Sep 1, 2014 4:17am
Quoting Carlicus
{quote} Good mornin my dear friend! I hope you are doing well, as always This is my last analysis {image} I have modified a little bit the long term pitchfork so that the upper part fits better the uptrend. I have plotted two SMA, the blue one is a 200 day SMA (10 months) and the red one is a 261 SMA (12 months). IF we get above the 200 SMA (near the 1.67 resistance), it would be a great signal for longs
I'm doing well my friend thank you. I hope the same for you.

What do you mean .... "last" analysis??

I remain long to at least 6900. My average on 4 positions is 1.65866
Ghost Rider - WWTBMD?
  • #395,642
  • Sep 1, 2014 4:19am Sep 1, 2014 4:19am
Quoting Bones
Morning Chris we are all retail noobs {quote}
LOL... It depends on how you look at it. My "circumstances" say yes. My "mindset" never has ... and never will.
Ghost Rider - WWTBMD?
  • #395,643
  • Sep 1, 2014 4:21am Sep 1, 2014 4:21am
Quoting plukin
Hi HDA, would you mind answering my questions when you have time? Thanks http://www.forexfactory.com/showthre...36#post7705536
@plukin:

The answer is YES to all your questions and NO to all your questions.

TOO MUCH ANALYSIS CAUSE PARALYSIS - find a system that allows you to have an edge and just TRADE THAT EDGE - stop over analysing

 

  1. Dont be afraid to be wrong.
  2. Don't try to always be right.
  3. Forex is a game of high risk -
  4. Find your edge and take the TRADE




HDA OUT

  • #395,644
  • Sep 1, 2014 4:21am Sep 1, 2014 4:21am
an institutional account would never apply to you ? please advise HDA ?
please tell us the purpose of such an account

Quoting Anti_Losses
{quote} I still pay the broker but it is still consider among one of the lowest cost. Guess that my broker is very happy with me for paying them... The only time i get paid was when I long eurusd which was still at 1% against 0.25%. And when I short USDCAD. But I find all these are so far cost that is low compare to the profits I am taking. It just make me more want to move to the institutional account when I have sufficient capital to do it... I believe it is an extra information to see what is going on in the market and maybe as well as lower...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,645
  • Sep 1, 2014 4:22am Sep 1, 2014 4:22am
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...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-27_GU.png Size: 91 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-01_GU_.png Size: 14 KB


Good Morning Guys:

It took a few days and I wasn't awake to take advantage of this last move, but price retraced as expected off of the midrange double bottom after a failure of the 5th wave. If price passes 1.6645, then we should hit 1.66650. But this is counter trend, so I would stay 1-1 with a tight SL on any long trade, and would punch out on any sign of an M15 to H1 level double top or head and shoulders developing.

Stepping back, I would expect Price to consolidate before making the push down to 1.6500. However, Will let PA be the guide.

Have a great week
  • #395,646
  • Sep 1, 2014 4:23am Sep 1, 2014 4:23am
Quoting kweiss10
{quote} 25 yards a month? Sounds like Buffet or Soros standard. Are one of them HDA? hehehe


HDA OUT
  • #395,647
  • Sep 1, 2014 4:24am Sep 1, 2014 4:24am
Quoting albchr
{quote} I'm doing well my friend thank you. I hope the same for you. What do you mean .... "last" analysis?? I remain long to at least 6900. My average on 4 positions is 1.65866
I'm sorry bro, remember I'm spanish and sometimes i make language mistakes (and forex mistakes too, haha)
I meant my latest analysis, not my last I'm not planning to dissapear

Your average position is truly good! You are already beating me by 70 pips and HDA by 60
  • #395,648
  • Sep 1, 2014 4:25am Sep 1, 2014 4:25am
i see there was an Inside Bar last 2hr on 1hr candle make it drop
GELORE
  • #395,649
  • Sep 1, 2014 4:29am Sep 1, 2014 4:29am
Quoting pipster1
{quote} {image} {image} Good Morning Guys: It took a few days and I wasn't awake to take advantage of this last move, but price retraced as expected off of the midrange double bottom after a failure of the 5th wave. If price passes 1.6645, then we should hit 1.66650. But this is counter trend, so I would stay 1-1 with a tight SL on any long trade, and would punch out on any sign of an M15 to H1 level double top or head and shoulders developing. Stepping back, I would expect Price to consolidate before making the push down to 1.6500. However, Will...
Might be another chance to short from around 1.6547
  • #395,650
  • Sep 1, 2014 4:36am Sep 1, 2014 4:36am
Quoting Carlicus
{quote} I'm sorry bro, remember I'm spanish and sometimes i make language mistakes (and forex mistakes too, haha) I meant my latest analysis, not my last I'm not planning to dissapear Your average position is truly good! You are already beating me by 70 pips and HDA by 60
@Carlicus:

We are ahead of the KING OF COMEDY aka albchr - what you are not aware of is his entry from 1.6735 which he bailed on .



I am still holding from 1.6720

HDA OUT
  • #395,651
  • Sep 1, 2014 4:37am Sep 1, 2014 4:37am
we took out the 30 we stopped on last weeks support 6613 so where are we going ???
  • #395,652
  • Sep 1, 2014 4:40am Sep 1, 2014 4:40am
Quoting Carlicus
{quote} I'm sorry bro, remember I'm spanish and sometimes i make language mistakes (and forex mistakes too, haha) I meant my latest analysis, not my last I'm not planning to dissapear Your average position is truly good! You are already beating me by 70 pips and HDA by 60
.... ....
Ghost Rider - WWTBMD?
  • #395,653
  • Sep 1, 2014 4:42am Sep 1, 2014 4:42am
Quoting HDA
{quote} @Carlicus: We are ahead of the KING OF COMEDY - what you are not aware of is his entry from 1.6735 which he bailed on. I am still holding from 1.6720 HDA OUT
This is true. But I more than made up for it with shorts back down to my current longs.

EDIT: But again I must stress as I always do, this is NOT a competition for me. It matters not who is ahead of who. As long as we all make some green pips.
Ghost Rider - WWTBMD?
  • #395,654
  • Sep 1, 2014 4:47am Sep 1, 2014 4:47am
Quoting albchr
{quote} This is true. But I more than made up for it with shorts back down to my current longs.
  • #395,655
  • Sep 1, 2014 4:50am Sep 1, 2014 4:50am
Quoting albchr
{quote} This is true. But I more than made up for it with shorts back down to my current longs. EDIT: But again I must stress as I always do, this is NOT a competition for me. It matters not who is ahead of who. As long as we all make some green pips.
@KING OF COMEDY: aka albchr

So so true KING OF COMEDY, so so true.



HDA OUT
  • #395,656
  • Sep 1, 2014 4:54am Sep 1, 2014 4:54am
Quoting HDA
{quote} @Carlicus: We are ahead of the KING OF COMEDY aka albchr - what you are not aware of is his entry from 1.6735 which he bailed on . I am still holding from 1.6720 HDA OUT
But what matters is the average position, isn't it? He may have a long from 1.6735 but if the average is 1.65866 then he has to have very good entries below 1.6586
  • #395,657
  • Sep 1, 2014 4:56am Sep 1, 2014 4:56am
@HDA aka POP
Quoting HDA
{quote}

Quoting HDA
{quote} @KING OF COMEDY: aka albchr So so true KING OF COMEDY, so so true. HDA OUT
I'm glad someone agrees.

The only ones I compete with are two very little guys. One on my right shoulder, and one on my left.
Ghost Rider - WWTBMD?
  • #395,658
  • Sep 1, 2014 5:04am Sep 1, 2014 5:04am
Quoting Carlicus
{quote} But what matters is the average position, isn't it? He may have a long from 1.6735 but if the average is 1.65866 then he has to have very good entries below 1.6586
@Carlicus:

Please read between the lines. I was trying to put it as delicately as posible. The long at 1.6734 is no more and as it relates to average price, that is relative.

Please remember you can add lower but by how much, double, triple, or the same as your first entry. It's all relative.

Take for example Forex Factory Member TauTrader - his trading style is to double up and triple up when it goes against him - that is a no no - he has literally wiped out his demo account that he grew to US$300,000.00 plus

His account now stands at US$12,997.00
http://www.forexfactory.com/tautrader#73


So averaging is relative based on how you choose to average

HDA OUT
  • #395,659
  • Sep 1, 2014 5:04am Sep 1, 2014 5:04am
Quoting Carlicus
{quote} But what matters is the average position, isn't it? He may have a long from 1.6735 but if the average is 1.65866 then he has to have very good entries below 1.6586
No my friend. What HDA is quite correctly referring to is a buy I took at 1.67340 that I bailed on at 1.67290 for a small loss. I saw an opportunity to take some shorts to a better level for buying. Which I did. And then loaded the 4 longs I hold now.
Attached Image
Ghost Rider - WWTBMD?
  • #395,660
  • Sep 1, 2014 5:05am Sep 1, 2014 5:05am
Quoting albchr
{quote} This is true. But I more than made up for it with shorts back down to my current longs. EDIT: But again I must stress as I always do, this is NOT a competition for me. It matters not who is ahead of who. As long as we all make some green pips.
I do not take it as a competition exactly, but it is undeniable you have a much better average entry price than me Being a bit competitive respecting others and praising their entries I think it is actually healthy!
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