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Cable Update (GBPUSD)

  • #397,521
  • Sep 8, 2014 2:22pm Sep 8, 2014 2:22pm
hopefully no-ones forgot its Chilli Con Carney on the menu tomorrow (BOE Gov Carney Speaks)
so price could do anything
  • #397,522
  • Sep 8, 2014 2:40pm Sep 8, 2014 2:40pm
Quoting Carlsberg
hopefully no-ones forgot its Chilli Con Carney on the menu tomorrow (BOE Gov Carney Speaks) so price could do anything
Chilly con Carney
No emotions, just trade
  • #397,523
  • Sep 8, 2014 2:42pm Sep 8, 2014 2:42pm
Quoting ez0770
Scotland Referendum - Update: TNS Poll apparently leaked on twitter, was due out at midnight UK time, this supposedly leaked extract shows TOTAL voters actually shows 38% in in the 'YES' camp, with 39% in the "NO" (attached). This is broadly consistent with the YouGov poll released on Sunday which showed “Yes” camp now lead in Scottish independence polls at 51-49 (ie 2pt lead); in that it shows a sharp convergence in YES/NO votes over recent weeks.
The BBC were showing 53% No and 47% Yes.....................many different polls.........I suspect the people at YouGov had some shorts they wanted to fall, and came up with better figures to show higher Yes %............
  • #397,524
  • Sep 8, 2014 2:45pm Sep 8, 2014 2:45pm
Quoting ill_be_back
{quote} Missed my entry by .04 pip, So entered manually 1.61065, Same TP & SL
Might get lower to 1.6077 / 65
  • #397,525
  • Sep 8, 2014 2:48pm Sep 8, 2014 2:48pm
Quoting Janut
{quote} Chilly con Carney
i can't take all the credit, lol
i'm sure i heard somewhere that's what they call him in the city
seems some down there do have a sense of humor afterall
  • #397,526
  • Sep 8, 2014 2:58pm Sep 8, 2014 2:58pm
Quoting OnlineAddict
{quote} You really don't see the difference? You took the long, got it wrong, like all of us do at some point and got out. You admit it was a wrong trade. The whole problem is, he never admits he makes a wrong trade...he will rather dissapear for 2 years and then come back when the price is where he wants it to be, just to claim he was right. His ego is bigger than the market itself, thats what bothers most people.
Well the next time he shows up, he'll be pelted with eggs.
  • #397,527
  • Sep 8, 2014 3:12pm Sep 8, 2014 3:12pm
1.61 just breached. Psell placed 1 pip past the low. Don't like the time of day, but this trend is powerful
  • #397,528
  • Sep 8, 2014 3:14pm Sep 8, 2014 3:14pm
wow. cable making new daily lows was done with cable to early perhaps...
pending order ("daily low -1") don´t think it will be filled, but who nows?

http://tc.md.it-finance.com/ProRealT...g&purpose=file
fortis fortuna adiuvat
  • #397,529
  • Sep 8, 2014 3:20pm Sep 8, 2014 3:20pm
Quoting pipster1
1.61 just breached. Psell placed 1 pip past the low. Don't like the time of day, but this trend is powerful
hi there!

you are the first one i noticed using this tactic, too!
agreed. will delete this order before going to bed...

ordem e progresso
fortis fortuna adiuvat
  • #397,530
  • Sep 8, 2014 3:24pm Sep 8, 2014 3:24pm
Quoting ill_be_back
{quote} I am SHORT BIASED, But I Have Strong feeling that this will shoot up to close the GAP before more DOWN (Only if this don't make a new LOW) Lets see what happens
Made a new LOW so i am OUT
A good trader follows his rules, but great trader knows when to break them
  • #397,531
  • Sep 8, 2014 3:29pm Sep 8, 2014 3:29pm
Quoting albchr
{quote} 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.
I can't help feeling this is part of the position trader's plan. If you have an account big enough, and you know price will come back eventually, and you have the patience and don't need the cash, then just sitting on the trade and collecting the swaps is not a bad strategy. HDA has hinted that swaps are a part of his trading.

For me, I went long, I got out, I lost some money. The thing I battle with is not the going long, but closing the 19 short positions I had from the top. But I can't and won't dwell on it. Like Chris I went wrong because I had reason, it was a good trade that didn't work out. Not every good trade is a winner, and not every bad trade is a loser. No-one encouraged or forced me to go long. It's my account and I trade it. I'm responsible for it and no-one else.

Will I go long again, you bet ya. Will I get in close to the bottom. I better. You see, eventually it will turn, I'll be in, build my positions and make back the loss and then some. End result, my account will grow. That's trading is it not? Making winners bigger than losers.

Just my thoughts...
  • #397,532
  • Sep 8, 2014 3:36pm Sep 8, 2014 3:36pm
Quoting deltaone
{quote} hi there! you are the first one i noticed using this tactic, too! agreed. will delete this order before going to bed... ordem e progresso
Also have an xsell line placed at 1.6111 which will automatically delete all lines and cancel the trade if price reaches this level before hitting the psell.

It has been a great day today. 4 wins 1 break-even, so I may call it a night. But I would not be surprised to see the GU hit 1.6..... and turn into a pumpkin before midnight.
  • #397,533
  • Sep 8, 2014 3:44pm Sep 8, 2014 3:44pm
Quoting pipster1
{quote} Also have an xsell line placed at 1.6111 which will automatically delete all lines and cancel the trade if price reaches this level before hitting the psell. It has been a great day today. 4 wins 1 break-even, so I may call it a night. But I would not be surprised to see the GU hit 1.6..... and turn into a pumpkin before midnight.

one pip above sma100?
"these are great days we´re living in bros!" only one cable trade for me today, but 60 pips is far more than i need to reach my goal

all the best
d1
fortis fortuna adiuvat
  • #397,534
  • Sep 8, 2014 4:27pm Sep 8, 2014 4:27pm
Quoting HDA
We are now at 1.6631 just 4pips below 1.6635 Options Expiry level Will GBP/USD hold below 1.6635 up to 10am eastern or will we blow through it after 10am eastern when the option expires? Let's See What Happens HDA OUT
Hi HDA,

I'm seeing these numbers on my screen. What you got on your side ?

Today (Monday) these options expired:

1.6350 payout 182 Million
1.6300 payout 246 Million
1.6280 payout 100 Million

Tuesday:

1.6165 payout 127 Million
Hear the music before the song is over ...
  • #397,535
  • Sep 8, 2014 4:49pm Sep 8, 2014 4:49pm
Quoting GlobalMacro
{quote} Hi there, How come you aren't posting options and their expiries anymore ? Did you lose faith in them or you simply have no more access to that information or no more access to an institutional account and therefore no more options info ?

I have been entertaining my wife with the HDA banter


Quoting GlobalMacro
{quote} Hi HDA, I'm seeing these numbers on my screen. What you got on your side ? Today (Monday) these options expired: 1.6350 payout 182 Million 1.6300 payout 246 Million 1.6280 payout 100 Million Tuesday: 1.6165 payout 127 Million

@GlobalMacro:

All your numbers are correct.

The Options Calender is updated every weekday between 9:29am eastern and 10:29am eastern


Warm regards,

HDA
  • #397,536
  • Sep 8, 2014 4:56pm Sep 8, 2014 4:56pm
Quoting GlobalMacro
{quote} Hi HDA, I'm seeing these numbers on my screen. What you got on your side ? Today (Monday) these options expired: 1.6350 payout 182 Million 1.6300 payout 246 Million 1.6280 payout 100 Million Tuesday: 1.6165 payout 127 Million
hi GM,

extended weekend for you? cons
so you are looking at oe as HDA (eventually does), too?
if so, i interpret the figures above like this:
bulls will try to move it at maximum at 1,6165 - but there will be important news release and a carney speach...
i have a cable-short bias and will try to scalp in the direction of this. but as always "trade what i see"

all the best
d1
fortis fortuna adiuvat
  • #397,537
  • Sep 8, 2014 5:05pm Sep 8, 2014 5:05pm
Quoting HDA
{quote} I have been entertaining my wife with the HDA banter {quote} @GlobalMacro: All your numbers are correct. The Options Calender is updated every weekday between 9:29am eastern and 10:29am eastern Warm regards, HDA
HDA, Nice as ever, even in "apparent" adversity.
Well done sir.
  • #397,538
  • Sep 8, 2014 5:11pm Sep 8, 2014 5:11pm
Gap isn't closing until after the 18th vote, shorting the cable on every small rally/pullback until then. Come the 18th we'll see whether were going back up or if were in for a serious drop in the pound. Thankfully I don't live in either Scotland or the UK but vote wisely . I personally don't see a yes vote happening but markets don't like uncertainty as evident in the last week of price movements so short it is until then.
  • #397,539
  • Sep 8, 2014 5:12pm Sep 8, 2014 5:12pm
Quoting hollowhead
{quote} I can't help feeling this is part of the position trader's plan. If you have an account big enough, and you know price will come back eventually, and you have the patience and don't need the cash, then just sitting on the trade and collecting the swaps is not a bad strategy. HDA has hinted that swaps are a part of his trading. For me, I went long, I got out, I lost some money. The thing I battle with is not the going long, but closing the 19 short positions I had from the top. But I can't and won't dwell on it. Like Chris I went wrong because...
Good thoughts IMHO. That is really the crux of a Long Term position trader. Long term meaning up to a year or more or when a target is hit. HDA did more than hint at the swaps being a large part but posted an amount gained. More than once. Did he? Didn't he? I can't and won't say one way or the other. But being I'm a firm believer in innocent until "proven" guilty, I have no reason not to take him at his word. After all, we see folks in here everyday claiming all kinds of trades without "visual evidence" of such and they never even get questioned. Is it only that HDA makes these claims on a larger, more flamboyant scale that makes us doubt? ...

Of this whole saga what bothers me most are all the claims of so many being misled and deceived into huge losses or blown accounts by "following" him. Show me one. Just ONE and I'll be concerned. If that happened to anyone and you're out there speak up. Until I see that it's nothing more than made up speculation for whatever reason. Envy comes to mind first and the saddest part of that is even if HDA is a big fraud, folks will still envy even the "possibility" of that scale.

Like Hollowhead I don't regret the longs I took with good reason that lost. What I regret most is way back at the top I kept mentioning this turn was different. It was "structurally" the same as the bull run that led to it. I KNEW it was vastly different from all the other failed retraces on the way up. HDA even at me a couple times when I posted so. (I'm sure he somehow has those posts at hand...LOL) And yet, I stuck to my "overall" bullish trend view.

I pride myself (as a day trader) in NOT having a bias...EVER. But in my first attempt at building a position to carry, I without doubt revealed I did in fact have one and it blinded me not only to what I saw from the start, but even into ignoring Tony all the way down. But of course, I "follow" nobody so that has to include Tony right or wrong. I traded what I "thought", not what I saw.

So out of it all I learned (and as always in this business), paid for the lesson that on a larger scale, I indeed have a bias I need to put in check. The loss? Sucks for sure. The reward? Priceless!
Ghost Rider - WWTBMD?
  • #397,540
  • Sep 8, 2014 5:27pm Sep 8, 2014 5:27pm
Quoting HDA
{quote} I have been entertaining my wife with the HDA banter {quote} @GlobalMacro: All your numbers are correct. The Options Calender is updated every weekday between 9:29am eastern and 10:29am eastern Warm regards, HDA
lol,
yeah mine she wanted me home on friday early so I had to close my shorts and missed 200 odd pips additional follow-thru
but what can I say she's my biggest TP.
anyways
I think there was something to the 1.6635 option a week or so ago - not the way you expected - but I still think that level was significant ... It was almost the high of the current selloff.

Do you see any options expiries after Tuesday ?
Hear the music before the song is over ...
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