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Cable Update (GBPUSD)

  • #397,161
  • Sep 7, 2014 8:00pm Sep 7, 2014 8:00pm
Quoting thodie
{quote} possible yes but honestly i don´t think so, UK already started to negotiate in financial affairs. google translation: Announced plans for a greater autonomy of Scotland: If the Scots vote against the exit from the UK, they should be given more rights in decisions about taxes, spending and Social Assistance, Finance Minister George Osborne told the BBC TV channel. "This will be implemented if it in a referendum, is 'no' vote," he said. The more people vote yes the more rights they will get if they vote NO, at least in which currency will...
I don't know anything about UK or Scottland but have a feeling the preliminary polls will put pressure on the UK to give more to Scottland in the negotiations. They'll see what's happening to the currency & start feeling the pressure from it's citizens & reach a deal that will change the vote & Scottland will stay in the UK.
This is all speculation on my part but if I had to make a prediction now, Scottland stays with UK.
  • #397,162
  • Sep 7, 2014 8:06pm Sep 7, 2014 8:06pm
Quoting Bones
when some says up up and away target 500 pips above one day next few days it drops 500 pips you know somthings up {quote}
It is expected to fill the gap, then it depends on Scotty voting....

My chart shows like this.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 45 KB
Intraday only.
  • #397,163
  • Sep 7, 2014 8:07pm Sep 7, 2014 8:07pm
Quoting HDA
Good Evening Forex Factory Members and Guests You continue to do as I've asked and that is to quote my trading plan Thank you Please continue to quote my trading plan. It's very very very very very very very important that you continue to do so. Warmest regards HDA
Is this sarcasm? What is your trading plan?
  • #397,164
  • Sep 7, 2014 8:12pm Sep 7, 2014 8:12pm
Quoting coyoteuglyxxx
{quote} Re: Weekend broker gaps and stop-loss orders. Hi guys, I wonder if someone else has experienced such a situation with your broker(s) and is there a point in placing a stop-loss orders at all over the weekend. I’m trading a spread-betting account with GFT in UK. Last Friday 5.Sep I went long GBP/USD at 1,6309 and placed a stop-loss order at 1,6389. This evening as you all know the GBP/USD opened with a gap down and my stop-loss order was never executed by GFT at 1,6389. I spoke to someone on the phone and the simple answer was that during...
Yes and sorry to say so...If you read the fine print in signing to open a trading account, it says it there. Although brokers like to write it very small so you don't see it and people in general never read the document anyway but it is there. Unless you trade the weeklies and monthlies you can weather a 150 pip gap. And this gap looks like its not going to be closing, I would advise you use this as an expensive lesson.
  • #397,165
  • Sep 7, 2014 8:22pm Sep 7, 2014 8:22pm
Quoting IveGotQuads
{quote} Yes and sorry to say so...If you read the fine print in signing to open a trading account, it says it there. Although brokers like to write it very small so you don't see it and people in general never read the document anyway but it is there. Unless you trade the weeklies and monthlies you can weather a 150 pip gap. And this gap looks like its not going to be closing, I would advise you use this as an expensive lesson.

Thanks IveGotQuads...its all in the small print...
Did you place your stop loss order? Why not?!? Story of my life...
  • #397,166
  • Sep 7, 2014 8:24pm Sep 7, 2014 8:24pm
Quoting hoom
{quote} here we are after 3 hours of retrace , don't forget to evaluate your entry upon YOUR plan .
  • #397,167
  • Sep 7, 2014 8:35pm Sep 7, 2014 8:35pm
Quoting srt
{quote} I don't know anything about UK or Scottland but have a feeling the preliminary polls will put pressure on the UK to give more to Scottland in the negotiations. They'll see what's happening to the currency & start feeling the pressure from it's citizens & reach a deal that will change the vote & Scottland will stay in the UK. This is all speculation on my part but if I had to make a prediction now, Scottland stays with UK.
thank you!
i started a topic to collect informations of the separation vote:
http://www.forexfactory.com/news.php?do=news&id=503245

poll included...
just do it
  • #397,168
  • Sep 7, 2014 8:38pm Sep 7, 2014 8:38pm
after this gap down nobody will touch it this week. lol
  • #397,169
  • Sep 7, 2014 8:44pm Sep 7, 2014 8:44pm
Quoting HDA
Good Evening Forex Factory Members and Guests You continue to do as I've asked and that is to quote my trading plan Thank you Please continue to quote my trading plan. It's very very very very very very very important that you continue to do so. Warmest regards HDA
Hi HDA

Looking at your conviction in the face of the draw down you are looking at now, I am more convince then ever that my direction is correct (A real test that is half similar to 2008 at the moment). Just that I need to conserve my "ammunition". You are still practicing agreement 1.

Due to the way my system work, I would still need to add to it at a slower pace but my exit as mention earlier will be still lower than your first target (How I wish I can TP at your level, maybe about to reach my own TP I will evaluate to see if I should leave something like 20% of my holdings to do that).
Those that had stand at the long side seems to have abandon that. I am sticking to it cos my system said so.

I guess that is the difference between day trader and position trader. Wouldn't said I am a position trader, but I do shift my TP base on current pricing. So I guess I am somewhere in between a position trader and day trader.

Would have to wait for quite sometime for my TP to be hit. Usually is bit by bit, looks like this time round is a lump sum payment...
  • #397,170
  • Sep 7, 2014 8:48pm Sep 7, 2014 8:48pm
Quoting thodie
{quote} thank you! i started a topic to collect informations of the separation vote: http://www.forexfactory.com/news.php?do=news&id=503245 poll included...
Thanks!
Comment posted in more appropriate location :-)
  • #397,171
  • Sep 7, 2014 8:54pm Sep 7, 2014 8:54pm
6164 low anyone?? todays gap down low..
  • #397,172
  • Sep 7, 2014 9:04pm Sep 7, 2014 9:04pm
Quoting Anti_Losses
{quote} Hi HDA Looking at your conviction in the face of the draw down you are looking at now, I am more convince then ever that my direction is correct
You don't need much to be convinced about a trade, do you...
Everyone can see the chart, but only a few can actually read it.
  • #397,173
  • Sep 7, 2014 9:08pm Sep 7, 2014 9:08pm
Quoting HDA
Good Evening Forex Factory Members and Guests You continue to do as I've asked and that is to quote my trading plan Thank you Please continue to quote my trading plan. It's very very very very very very very important that you continue to do so. Warmest regards HDA
so u are telling me a swing trader waits for 500 pips swing to come in profit again. who knows its 500 or 700 or 800 who knows. even if that 500 comes it is not coming in 2 months time
  • #397,174
  • Sep 7, 2014 9:09pm Sep 7, 2014 9:09pm
Quoting HDA
Good Evening Forex Factory Members and Guests You continue to do as I've asked and that is to quote my trading plan Thank you Please continue to quote my trading plan. It's very very very very very very very important that you continue to do so. Warmest regards HDA
You're the best trader here HDA
Impress to you
Attached Image (click to enlarge)
Click to Enlarge Name: very true.jpg Size: 53 KB
Tdk ada yang salah dengan seekor Gagak. Dibandingkan burung yang terkurung
  • #397,175
  • Sep 7, 2014 10:22pm Sep 7, 2014 10:22pm
Quoting giveachance
{quote} so u are telling me a swing trader waits for 500 pips swing to come in profit again. who knows its 500 or 700 or 800 who knows. even if that 500 comes it is not coming in 2 months time
Ok seriously, haven't posted in a millennia but I have to say...

My worst day on cable took me for 400 pips in the wrong direction. My worst DAY. Not week, not month, let alone months. Trading didn't begin when you joined forexfactory.
  • #397,176
  • Sep 7, 2014 10:28pm Sep 7, 2014 10:28pm
Quoting giveachance
after this gap down nobody will touch it this week. lol
Price gapped to buyers. That's why it moved. Where it goes from here the fates know. It didn't fall there just because people where selling up top, it went there because that's where the BUYS where.
  • #397,177
  • Sep 7, 2014 10:32pm Sep 7, 2014 10:32pm
Quoting SerpentDove
{quote} Price gapped to buyers. That's why it moved. Where it goes from here the fates know. It didn't fall there just because people where selling up top, it went there because that's where the BUYS where.
it gapped down to attract buyers is it??? what if it falls 100 pips more after london opens
  • #397,178
  • Sep 7, 2014 10:35pm Sep 7, 2014 10:35pm
Quoting SerpentDove
{quote} Price gapped to buyers. That's why it moved. Where it goes from here the fates know. It didn't fall there just because people where selling up top, it went there because that's where the BUYS where.
No, it fall down, because last friday, before market close, 6332 was where the SELLERS were.
Everyone can see the chart, but only a few can actually read it.
  • #397,179
  • Sep 7, 2014 10:37pm Sep 7, 2014 10:37pm
No, not attract. Attract is present tense.

No humans were around to stop the price from falling. The buy orders WERE ALREADY there to absorb distribution. As I said where it goes nobody knows but price was discovered, at least for some time.
  • #397,180
  • Sep 7, 2014 10:43pm Sep 7, 2014 10:43pm
Quoting OnlineAddict
{quote} No, it fall down, because last friday, before market close, 6332 was where the SELLERS were.

Look at it another way, it's where those sellers wanted to take profit, and if they where trading futures contracts..... that means buy back and settle.
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