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Cable Update (GBPUSD)

  • #397,241
  • Sep 8, 2014 2:29am Sep 8, 2014 2:29am
Quoting albchr
{quote} I understand your point OA and I can see the difference you present. But in truth, None of us "know" what he has or has not done with regards to his plan. That's why I find all the speculation in here so entertaining. Folks keep saying he's wrong, that many took looses and or wiped out accounts by "following him" along with many other speculative charges. Some have even stated they "have seen many suffer such fates" but when questioned as to who they were, It was met with attacks and insults but no answer. I have no idea of course...

I agree but why when it is me its different is my question to u?
  • #397,242
  • Sep 8, 2014 2:30am Sep 8, 2014 2:30am
The final result of the scottish referendum about its independance from UK will be released on the 18th of September, but I hardly believe UK will let them get their independance anyway.
  • #397,243
  • Sep 8, 2014 2:30am Sep 8, 2014 2:30am
Quoting albchr
{quote}. (A loss ONLY occurs once a red trade is closed. Like mine) I followed my plan and since none of us can "know", I simply assume he's following his. I stand neither for or against it. I can "understand" it but it's not the way I trade. At least, not at my current level.

I agree but why when it is me its different is my question to u?
  • #397,244
  • Sep 8, 2014 2:31am Sep 8, 2014 2:31am
Quoting Bones
penny drops a bit chris ? anyway least you were professional enough to close {quote}
Not sure what you mean about the penny Tony. (unless you're still of the belief that MY trade plan was a result of someone else's) But yes, I am ALWAYS professional with my trading. Just as I was with my construction business. ...
Ghost Rider - WWTBMD?
  • #397,245
  • Sep 8, 2014 2:33am Sep 8, 2014 2:33am
meanwhile you can see monthly outlook ,a real position traders chart (trade it lower tf)
can be very profitable ,not forgetting cable I already closed 6k short higher up
risk to this trade was no more than a couple hundred initially (real position trader entry)
watching this level


Quoting Toranaga
Reading all the post here in the last weeks i did not saw more than 3 or 4 post with something new or indicatory.. I agree, monthly candle is giving a look as than the downtrend is just started, but also having a look at the Weekly candle and drawing a simple line suggests me that there is a possible bounce that could last a week or two, what would mean few hundred pips on Daily candle.. So what to do now ? How does a bearish Monthly affects me if i only want to grab 100 pips on daily bounce ? Or whats if now a Monthly bounce is coming as just seen...
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #397,246
  • Sep 8, 2014 2:33am Sep 8, 2014 2:33am
Quoting Eur Usd
Hi all where's the gap from? I am amazed ;-)
In the weekend a poll revealed that 51% would vote for the independence of scotland.
  • #397,247
  • Sep 8, 2014 2:36am Sep 8, 2014 2:36am
you done well chris to close hats off too you for that ,

Quoting albchr
{quote} Not sure what you mean about the penny Tony. (unless you're still of the belief that MY trade plan was a result of someone else's) But yes, I am ALWAYS professional with my trading. Just as I was with my construction business. ...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #397,248
  • Sep 8, 2014 2:37am Sep 8, 2014 2:37am
Quoting Mingary
Majority of retail was long (from around the 1.69 breakout) and already stretched (near margin call). The news was a perfect opportunity to wipe out thousands of accounts.
Really too bad, and I am sorry that many people got crushed on this gap. Have been there before myself.

But this is a perfect example of why you never know what random weekend news will cause a huge Sunday evening gap triggering a catastrophic loss. These events don't happen that often, but are possible. Holding large weekend positions is the riskiest strategy for FX traders because there is no way to exit until the market opens. It renders your stops useless and your account is at the mercy of the trading Gods. This is when leverage is a killer. Too risky for me.

This is why I never hold over the weekend.
  • #397,249
  • Sep 8, 2014 2:37am Sep 8, 2014 2:37am
It is advisable to sell all GU pairs until 18 th, when Scottish thing will be finalized.

GU is expected to fall to 1.6000 or even below. Short on rally !!
Intraday only.
  • #397,250
  • Sep 8, 2014 2:40am Sep 8, 2014 2:40am
Quoting navk
It is advisable to sell all GU pairs until 18 th, when Scottish thing will be finalized. GU is expected to fall to 1.6000 or even below. Short on rally !!
Will do! Back to sleep.....
  • #397,251
  • Sep 8, 2014 2:41am Sep 8, 2014 2:41am
Quoting nAVIN2007
{quote} I agree but why when it is me its different is my question to u?
It's not Buddy. And I posted that the other day but it was taken quite wrong ... as usual. Everyone mocks HDA for going long against a move yet nobody mocks you for doing the same. Kind of makes you wonder ... no?

The only difference I see is, if memory serves (and you know it always does ), your situation wasn't really planned from the start. You yourself have said so many times. His was stated quite clearly up front. You have ridden it out and I say thank God it's coming back your way now brother. ...

We all know (or we should) that no matter how long it takes, if you can ride it out without blowing the account, price will always return eventually.

Anyway folks, thanks for the chats but I'm being bad and must get back to things around here. Much to do. Have a great trading week everyone and always follow YOUR plan.
Ghost Rider - WWTBMD?
  • #397,252
  • Sep 8, 2014 2:44am Sep 8, 2014 2:44am
Quoting albchr
{quote} It's not Buddy. And I posted that the other day but it was taken quite wrong ... as usual. Everyone mocks HDA for going long against a move yet nobody mocks you for doing the same. Kind of makes you wonder ... no? The only difference I see is, if memory serves (and you know it always does ), your situation wasn't really planned from the start. You yourself have said so many times. His was stated quite clearly up front. You have ridden it out and I say thank God it's coming back your way now brother. ... We all know (or we should)...
lets hope i get lucky here
many pips to u bro
  • #397,253
  • Sep 8, 2014 2:47am Sep 8, 2014 2:47am
Quoting Bones
you done well chris to close hats off too you for that , {quote}
Thanks Tony Nothing special about it. Just part of the plan. We win some, we loose some. I'm quite happy with my profit % since the June 1st account start.

Sure do wish it was on a much larger account though. I might not have to do all this darn work around here if so.

Have a great greater week bro.
Ghost Rider - WWTBMD?
  • #397,254
  • Sep 8, 2014 2:51am Sep 8, 2014 2:51am
Quoting HDA
{quote} @poposick: Please see previous post dated, Saturday, September 6, 2014, at 2:01pm http://www.forexfactory.com/showthre...43#post7721443 Warm regards, HDA
I think you talk too much
MY OPINION NOT FINANCIAL ADVISE
  • #397,255
  • Sep 8, 2014 2:55am Sep 8, 2014 2:55am
FYI = http://www.forexpeacearmy.com/forex-...ading-gbp.html
  • #397,256
  • Sep 8, 2014 2:57am Sep 8, 2014 2:57am
Quoting pipster1
{quote} Really too bad, and I am sorry that many people got crushed on this gap. Have been there before myself. But this is a perfect example of why you never know what random weekend news will cause a huge Sunday evening gap triggering a catastrophic loss. These events don't happen that often, but are possible. Holding large weekend positions is the riskiest strategy for FX traders because there is no way to exit until the market opens. It renders your stops useless and your account is at the mercy of the trading Gods. This is when leverage is...

i feel u on that, after bad nfp on friday, took a long position but hedged my position at 6320, twas d best thing i did. imagine i left my long position uncovered, twud hv been suicide lastnite.
  • #397,257
  • Sep 8, 2014 2:58am Sep 8, 2014 2:58am
Quoting albchr
{quote} Well I have to admit the whole "it will rise against all logic" thing was rather bold. But perhaps he was looking at what I was? I don't know. I had TA reasons to take the longs I did. (they were all posted so I'll not repeat them) They were incorrect of course and I got out exactly according to my plan for doing so with a small loss. I'm glad you're not annoyed as I really don't see why anyone would be. But the last thing you said is perhaps that test I spoke of? But a written part of his plan HAS been missed by many. But...
It would be good, logical and consistent with his prior open, transparent presence in here before things went "south"
Come with me if you want to live....
  • #397,258
  • Sep 8, 2014 2:59am Sep 8, 2014 2:59am
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loots like a race neck and neck,,will the gap fill or will the bottom fall out of both,, one has to be careful as polls are not 100% set in stone, if they poll again ,which they will and the poll shows no with the higher % then back up again .
  • #397,259
  • Sep 8, 2014 3:04am Sep 8, 2014 3:04am
billy i think it going to close the gap buddy..hang tight
  • #397,260
  • Sep 8, 2014 3:04am Sep 8, 2014 3:04am
Quoting PoundTrader
{quote}im just trying to help my friend NAVIN, so i had to move the market, sorry about your long once i get navin out his shorts il move the market back up so you can cover your long, just hold tight my friend {image}
Come with me if you want to live....
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