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Cable Update (GBPUSD)

  • #399,561
  • Sep 22, 2014 11:56am Sep 22, 2014 11:56am
Quoting elbert3
{quote} hold on to your hat,,
I'm going to let go of my hat now
  • #399,562
  • Sep 22, 2014 12:05pm Sep 22, 2014 12:05pm
The first set of real sellers for USD/CAD won't come into the market until 1.1080

We are currently trading at 1.1015 USD/CAD


USD/CAD 1.1080 minus USD/CAD 1.1015 equals USD/CAD 65pips


USD/CAD 65pips multiply by 2 equals GBP/CAD 130pips



GBP/CAD currently trading at 1.8013 plus 130pips equals 1.8143 price action NORTH

Let's See What Happens

when

USD/CAD gets to 1.1080

if

GBP/CAD will be at or about 1.8143




HDA OUT
  • #399,563
  • Sep 22, 2014 12:05pm Sep 22, 2014 12:05pm
Quoting HDA
{quote} @adc: I am not trading one currency pair. I am trading GBP/USD and GBP/CAD Please remember I am way way way in profit on GBP/CAD holding from 1.6700 - do the math - GBP/USD is covering the SWAP for holding GBP/CAD. GBP/CAD take profit remains 1.9000 Please see previous post from Mr. Scott dated, Thursday, June 26, 2014 at 10:53pm http://www.forexfactory.com/showthre...23#post7565223 Warm Regards, HDA
Thanks HDA -noted and understood G/U is hedged by G/C so should consider holistic plan, not just one pair. Thanks again.

Rgds,
Angus
  • #399,564
  • Sep 22, 2014 12:08pm Sep 22, 2014 12:08pm
Anyone who is long, can you pls explain why? Technically, PA wants to break down. Retail is now long an average from 6640, so you know that whoever is long from those numbers and still didn't close, have no idea what he is doing. Don't go with retail, go with smart money. If USDx breaks above 85, I wouldn't want to hold any GU longs.

Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 13 KB
Everyone can see the chart, but only a few can actually read it.
  • #399,565
  • Sep 22, 2014 12:11pm Sep 22, 2014 12:11pm
Quoting thegmann
see if we can get a retest of 1.63550 {image}
getting closer
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 35 KB
  • #399,566
  • Sep 22, 2014 12:12pm Sep 22, 2014 12:12pm
Quoting adc
{quote} Thanks HDA -noted and understood G/U is hedged by G/C so should consider holistic plan, not just one pair. Thanks again. Rgds, Angus


Warm Regards,

HDA OUT
  • #399,567
  • Sep 22, 2014 12:20pm Sep 22, 2014 12:20pm
I think all we have clear price will restest bottom. Problem is when and at what point can go up before...
Try don't lose pants never...
  • #399,568
  • Sep 22, 2014 12:41pm Sep 22, 2014 12:41pm
UP we go

GBP/CAD now trading at 1.8049 and climbing for 1.8143

USD/CAD now trading at 1.1037 and climbing for 1.1080

Let's See What Happens

HDA OUT
  • #399,569
  • Sep 22, 2014 12:41pm Sep 22, 2014 12:41pm
Quoting OnlineAddict
Anyone who is long, can you pls explain why? Technically, PA wants to break down. Retail is now long an average from 6640, so you know that whoever is long from those numbers and still didn't close, have no idea what he is doing. Don't go with retail, go with smart money. If USDx breaks above 85, I wouldn't want to hold any GU longs. {image}

RSI (14) on H4 is still above 50. So, don't write off the bulls yet
  • #399,570
  • Sep 22, 2014 12:43pm Sep 22, 2014 12:43pm
Might be some resistance on GBPCAD at 1.8062
  • #399,571
  • Sep 22, 2014 12:47pm Sep 22, 2014 12:47pm
Quoting Bydyke
{quote} RSI (14) on H4 is still above 50. So, don't write off the bulls yet
There are bulls in a downtrend, too...good opportunity to sell. But whoever is buying now is just hoping for the trend to turn, it might work out, it might not. But why do I wonder, people used to sell the last uptrend from 1.50 until 1.71. Now they will be buying all the way down to 1.50.
Everyone can see the chart, but only a few can actually read it.
  • #399,572
  • Sep 22, 2014 12:53pm Sep 22, 2014 12:53pm
Quoting cspip
Might be some resistance on GBPCAD at 1.8062
@cspip:

Why do you say that?

There is none, but I am open to hear your reasoning

Warm regards,

HDA
  • #399,573
  • Sep 22, 2014 12:53pm Sep 22, 2014 12:53pm
hope for the best ..
just bought
Attached Image
  • #399,574
  • Sep 22, 2014 12:56pm Sep 22, 2014 12:56pm
Quoting cspip
Might be some resistance on GBPCAD at 1.8062
I have next bounce level at 1.81670
A good trader follows his rules, but great trader knows when to break them
  • #399,575
  • Sep 22, 2014 1:14pm Sep 22, 2014 1:14pm
hmmm....

shorted this with .1 lots....cause I CAN hahaha will add higher.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 35 KB
  • #399,576
  • Sep 22, 2014 1:18pm Sep 22, 2014 1:18pm
Inserted Video
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  • #399,577
  • Sep 22, 2014 1:19pm Sep 22, 2014 1:19pm
Quoting ill_be_back
{quote} I have next bounce level at 1.81670
May be tonight.
Intraday only.
  • #399,578
  • Sep 22, 2014 1:21pm Sep 22, 2014 1:21pm
cris-crossing the weekly pivot
  • #399,579
  • Sep 22, 2014 1:24pm Sep 22, 2014 1:24pm
Quoting Dano12
http://www.youtube.com/watch?v=N1NupxasQWs {image}


HDA OUT
  • #399,580
  • Sep 22, 2014 1:31pm Sep 22, 2014 1:31pm
Quoting HDA
{quote} @cspip: Why do you say that? There is none, but I am open to hear your reasoning Warm regards, HDA
Just something I erm, worked out.......might not happen

Now, what do you mean there is none ?
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