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Cable Update (GBPUSD)

  • #399,581
  • Edited 11:43am Sep 22, 2014 11:32am | Edited 11:43am
Quoting thegmann
hmmm.... shorted this with .1 lots....cause I CAN hahaha will add higher. {image}
go go go back to bottom of channel or up to 1.63650
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  • #399,582
  • Sep 22, 2014 11:43am Sep 22, 2014 11:43am
Quoting cspip
{quote} Just something I erm, worked out.......might not happen Now, what do you mean there is none ?
@cspip:


We are 45pips away from 1.1080 for the sell orders on USD/CAD to be filled, which is 90pips on GBP/CAD

So as the USD/CAD moves the 45pips to get the sell orders filled, so will the GBP/CAD move 90pips.

There is no resistance for the USD/CAD getting to 1.1080, so GBP/CAD will move accordingly.

What did you work out?


Warm regards,

HDA
  • #399,583
  • Sep 22, 2014 11:58am Sep 22, 2014 11:58am
Quoting HDA
{quote} @cspip: We are 45pips away from 1.1080 for the sell orders on USD/CAD to be filled, which is 90pips on GBP/CAD So as the USD/CAD moves the 45pips to get the sell orders filled, so will the GBP/CAD move 90pips. There is no resistance for the USD/CAD getting to 1.1080, so GBP/CAD will move accordingly. What did you work out? Warm regards, HDA
Some sorta resistance.......
  • #399,584
  • Sep 22, 2014 12:00pm Sep 22, 2014 12:00pm
Quoting cspip
{quote} Some sorta resistance.......
@cspip:

I'm listening, please go ahead an share

Warm regards,

HDA
  • #399,585
  • Sep 22, 2014 12:04pm Sep 22, 2014 12:04pm
Quoting HDA
{quote} @cspip: I'm listening, please go ahead an share Warm regards, HDA
1.8062 / 77 / 84
  • #399,586
  • Sep 22, 2014 12:26pm Sep 22, 2014 12:26pm
Quoting cspip
{quote} 1.8062 / 77 / 84
@cspip:

STANDBY, here it comes 1.8062

Let's See What Happens

HDA OUT
  • #399,587
  • Sep 22, 2014 1:41pm Sep 22, 2014 1:41pm
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}
That 's an assumption that PA wants to break down.
Tech wise we are above daily and weekly support, above the 38.2 main retrace and the now well and truly closed gap.
Im long until 7190+ and looking good so far. A weekly/monthly close above 6360 area will help seal the deal.
Come with me if you want to live....
  • #399,588
  • Sep 22, 2014 1:48pm Sep 22, 2014 1:48pm
Quoting Ill-b-back
{quote} That 's an assumption that PA wants to break down. Tech wise we are above daily and weekly support, above the 38.2 main retrace and the now well and truly closed gap. Im long until 7190+ and looking good so far. A weekly/monthly close above 6360 area will help seal the deal.
I think I'd stay moderately bullish as long as it stays above 1.6280ish area on daily close.
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  • #399,589
  • Sep 22, 2014 1:53pm Sep 22, 2014 1:53pm
well 1.6365 has been hit lets see what it does here.
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  • #399,590
  • Sep 22, 2014 1:53pm Sep 22, 2014 1:53pm
Quoting chazzle
Nice turnaround back to 326 - taken the short - see if we can crack it this time
closed -40 - but will still look for shorts, maybe higher let's see

GU M15
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  • #399,591
  • Sep 22, 2014 1:56pm Sep 22, 2014 1:56pm
Quoting cspip
{quote} 1.8062 / 77 / 84
@cspip:

We are at 1.8062 - we blew thru it, heading for 1.8077, will we blow thru it and head for 1.8084? GBP/CAD

Let's See What Happens

Warm Regards,
HDA
  • #399,592
  • Sep 22, 2014 2:01pm Sep 22, 2014 2:01pm
Quoting srt
{quote} I think I'd stay moderately bullish as long as it stays above 1.6280ish area on daily close. {image} {image}
Indeed
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Come with me if you want to live....
  • #399,593
  • Sep 22, 2014 2:18pm Sep 22, 2014 2:18pm
pp 6350 ,target 6615 ??? good night
  • #399,594
  • Sep 22, 2014 2:18pm Sep 22, 2014 2:18pm
Quoting Ill-b-back
{quote} That 's an assumption that PA wants to break down. Tech wise we are above daily and weekly support, above the 38.2 main retrace and the now well and truly closed gap. Im long until 7190+ and looking good so far. A weekly/monthly close above 6360 area will help seal the deal.
Its an assumption to expect 1.70+ again anytime soon...expecting lower numbers is a reality of the current downtrend. 6310 will be hit before it goes much higher.
Everyone can see the chart, but only a few can actually read it.
  • #399,595
  • Edited 2:43pm Sep 22, 2014 2:21pm | Edited 2:43pm
Quoting HDA
{quote} @cspip: We are at 1.8062 - we blew thru it, heading for 1.8077, will we blow thru it and head for 1.8084? GBP/CAD Let's See What Happens Warm Regards, HDA
I said :-

Quoting cspip
Might be some resistance on GBPCAD at 1.8062
You're saying blew through it? By 2 and half pips ?? Man.....

and:-
Quoting HDA
{quote} @cspip: Why do you say that? There is none, but I am open to hear your reasoning Warm regards, HDA
Yes, there was some resistance there........


I said some sort of resistance at 62, which it has.........might go through, might come to 1.8039 or even down to 1.8011 first.....
  • #399,596
  • Sep 22, 2014 2:34pm Sep 22, 2014 2:34pm
@cspip:

My attempt at typing that was to illustrate how day traders in the room react to every moment in the market.

-Day Trader's Reaction
Quoting cspip
You're saying blew through it? By 2 and half pips ?? Man

Please note your reaction now, which is that of a position trader over time.


Position Traders Reaction Over Time
Quoting cspip
I said some sort of resistance at 62, which it has.........might go through, might come to 1.8039 or 30 first.....
-


Warm regards,

HDA
  • #399,597
  • Edited 2:52pm Sep 22, 2014 2:36pm | Edited 2:52pm
Quoting HDA
@cspip: My attempt at typing that was to illustrate how day traders in the room react to every moment in the market. {quote} -Day Trader's Reaction Please note your reaction now, which is that of a position trader over time. {quote} - Position Traders Reaction Over Time Warm regards, HDA
Don't make more of it than it was...........all i said there might be some resistance at 62, there was..........end of.....
  • #399,598
  • Sep 22, 2014 2:44pm Sep 22, 2014 2:44pm
Quoting OnlineAddict
{quote} Its an assumption to expect 1.70+ again anytime soon...expecting lower numbers is a reality of the current downtrend. 6310 will be hit before it goes much higher.
I won't disagree with potential for lower first, not at all.
Come with me if you want to live....
  • #399,599
  • Sep 22, 2014 2:44pm Sep 22, 2014 2:44pm
Quoting cspip
{quote} Don't make more of it than it was...........all i said there might be some resistance at 62, there was..........end of.....
@cspip:

Now you understand when the market moves 100 or 200 pips against you, there is no need for excitement and margin call and blow up account - because "As The Market Moves, It Waves"



Rest well

Warmest regards,

HDA
  • #399,600
  • Sep 22, 2014 2:53pm Sep 22, 2014 2:53pm
Quoting HDA
{quote} @cspip: Now you understand when the market moves 100 or 200 pips against you, there is no need for excitement and margin call and blow up account - because "As The Market Moves, It Waves" Rest well Warmest regards, HDA
What about when it moves 1100 pips against you? (1.6720 to 1.6050, etc)
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