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Cable Update (GBPUSD)

  • #399,761
  • Sep 23, 2014 11:29am Sep 23, 2014 11:29am
Quoting Mr. Scott
{quote} You are welcome my friend.
Chris ...

IBFX sure has me all messed up here ... take off for a couple weeks and come back to this???
  • #399,762
  • Sep 23, 2014 11:32am Sep 23, 2014 11:32am
Quoting HDA
{quote} @Aws1962: Thank you for sharing. We understand options differently and I appreciate your view point. The trading remains the same regardless of the interpretation and understanding. Warm regards, HDA OUT
not really, if payout for an expiriry was in the range of 500mil then the delta/gamma hedging would be absolutely nuts.

however payout is only 1%-2% of the NOTIONAL (which is shown, the 500mil (or whatever) value)

Also, need to considered the delta of the contracts too, they need to be high otherwise unimportant!
  • #399,763
  • Sep 23, 2014 11:32am Sep 23, 2014 11:32am
1.1080 USD/CAD
1.8127 GBP/CAD

Almost close enough

Let the Fight begin - Lets see what you've got BEARS

HDA OUT
  • #399,764
  • Sep 23, 2014 11:41am Sep 23, 2014 11:41am
Quoting Aws1962
{quote} not really, if payout for an expiriry was in the range of 500mil then the delta/gamma hedging would be absolutely nuts. however payout is only 1%-2% of the NOTIONAL (which is shown, the 500mil (or whatever) value) Also, need to considered the delta of the contracts too, they need to be high otherwise unimportant!
@Aws1962:

You have taken the time to explain and I will not fault you for that.

pOtato - pAtato - it's still a POTATO

Your explanation does not affect how it is interpreted in relation to price action with reference to SPOT

The rudiments of Options is insignificant to the multifaceted ways, one's interpretation maybe applied when trading spot..

I am not trading options, I am trading spot and using options info as a guide.

The outcome remains the same.

Warm regards
HDA
  • #399,765
  • Sep 23, 2014 11:48am Sep 23, 2014 11:48am
Quoting AllyB
{quote} Chris ... IBFX sure has me all messed up here ... take off for a couple weeks and come back to this???
Oh no Ally. And I thought going through it live was bad enough. Did you check your email for all the messages? If you had no objections the transfer to FXCM would happen automatically. So I would think the new account should be intact?

Anyway, we should probably do this via PM or the corner and not here on this thread. If I can help in any way I'd be happy to.
Ghost Rider - WWTBMD?
  • #399,766
  • Sep 23, 2014 11:50am Sep 23, 2014 11:50am
Quoting albchr
{quote} I'll share ..... {image}


Leave it up to The King of Comedy

Warm regards,
HDA
  • #399,767
  • Sep 23, 2014 12:00pm Sep 23, 2014 12:00pm
Will the 1.1100 USD/CAD Options Barrier GO?

If the barrier goes - GBP/CAD with break back into the consolidation range between 1.8670 and 1.8140 and then what?????

If the barrier does not go - GBP/CAD with meet stiff resistance and head back down to 1.7900 maybe even 1.7600 area

Let's See What Happens

HDA OUT
  • #399,768
  • Sep 23, 2014 12:23pm Sep 23, 2014 12:23pm
Hi stu ,really that person that would hold the down move of over 1000 pips is not your average trader for sure ,(target 330 pips from high)
with regard to HDA he had already posted he exit a long time ago even before this consolidation price now is testing ,(in last blue)
not that 1.9 is not possible ,lets see quarterly at end of month ,

Quoting stewrigh
{quote} Look at the bigger picture Tony - GC is now almost at the lowest it's ever been and it just retraced 50%. If you had been buying since last year and were confident in the upside I can see someone hanging on to some of those longs if their ultimate target is 1.9+? {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp CAD q (DFB).png Size: 18 KB
Click to Enlarge Name: CAD (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #399,769
  • Sep 23, 2014 12:23pm Sep 23, 2014 12:23pm
Quoting HDA
{quote} Leave it up to The King of Comedy Warm regards, HDA
Ding Ding! 1.1080 ...
Attached Image
Ghost Rider - WWTBMD?
  • #399,770
  • Sep 23, 2014 12:32pm Sep 23, 2014 12:32pm
Quoting ill_be_back
{quote} I have next bounce level at 1.81670
GCAD H4

Going to my Bounce level
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #399,771
  • Sep 23, 2014 12:32pm Sep 23, 2014 12:32pm
Quoting Bones
Hi stu ,really that person that would hold the down move of over 1000 pips is not your average trader for sure ,(target 330 pips from high) with regard to HDA he had already posted he exit a long time ago even before this consolidation price now is testing ,(in last blue) not that 1.9 is not possible ,lets see quarterly at end of month , {quote} {image}
Musta missed that didnt see him exit. You could always hedge your position as well.
  • #399,772
  • Sep 23, 2014 12:41pm Sep 23, 2014 12:41pm
with regard to cable ,honesty I'm struggling with a bullish to break high
on Q close 30 sept ,
how we close is important I think as medium term ,but I would have too say another q at least to recover for bulls
daily of course dark cloud with upper wick ,?
but location means much more tricky set up ,
and currently up tl has held lower tf
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp USD d1 (DFB).png Size: 19 KB
Click to Enlarge Name: gbp USD q (DFB).png Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #399,773
  • Sep 23, 2014 12:41pm Sep 23, 2014 12:41pm
tested lower support @ 1.6355 back up above 1.63650 possible breakout to upside.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 37 KB
  • #399,774
  • Sep 23, 2014 12:45pm Sep 23, 2014 12:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 64 KB
6365 off plus 45 and long ,,not 100 % shaw ???
  • #399,775
  • Sep 23, 2014 12:46pm Sep 23, 2014 12:46pm
Quoting Bones
with regard to cable ,honesty I'm struggling with a bullish to break high on Q close 30 sept , how we close is important I think as medium term ,but I would have too say another q at least to recover for bulls daily of course dark cloud with upper wick ,? but location means much more tricky set up , and currently up tl has held lower tf {image} {image}
Last week was a doji and week before a hammer and its just bounced off the tl - I think I'm happier long.
  • #399,776
  • Sep 23, 2014 12:46pm Sep 23, 2014 12:46pm
I know hda will be here cause a sniff of bullish action on his drawdown plans
haha ,

Quoting stewrigh
{quote} Musta missed that didnt see him exit. You could always hedge your position as well.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #399,777
  • Sep 23, 2014 12:47pm Sep 23, 2014 12:47pm
could be ,honestly I see cable oversold , end of week is important for bulls,

Quoting stewrigh
{quote} Last week was a doji and week before a hammer and its just bounced off the tl - I think I'm happier long.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #399,778
  • Sep 23, 2014 12:51pm Sep 23, 2014 12:51pm
Quoting stewrigh
{quote} Musta missed that didnt see him exit. You could always hedge your position as well.
@stewrigh:

I traded intraday over the Christmas of 2013 and Bones is using those post to state that I am out of my trade.

I have long explained that I intraday trade sometimes when there is the opportunity to while holding my position trade just the same.

I did that with the GBP/USD and Bones again stated I was out of my trade when I lost the 60pips day trading with elbert3 aka THE COMMENTATOR.

I remain long GBP/CAD 1.9000

Please see previous posts to which Bones is referring
http://www.forexfactory.com/showthre...09#post7180909
http://www.forexfactory.com/showthre...02#post7181502
http://www.forexfactory.com/showthre...46#post7181646
http://www.forexfactory.com/showthre...22#post7197222
http://www.forexfactory.com/showthre...05#post7197305

Please take note of the trades that were opened and closed and the pips made. It looks like intraday trading to me

Warm regards
HDA
  • #399,779
  • Sep 23, 2014 12:56pm Sep 23, 2014 12:56pm
on H4 we have a mini mountain problem if we close out above ,ill go with higher ,if we take newly made rising tl I go lower ,
to me consolidation correction ,maybe Jeff can help me out on waves
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD h4 (DFB).png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #399,780
  • Sep 23, 2014 12:58pm Sep 23, 2014 12:58pm
hey seems someone gotta keep you on your toes

Quoting HDA
{quote} @stewrigh: I traded intraday over the Christmas of 2013 and Bones is using those post to state that I am out of my trade. I have long explained that I intraday trade sometimes when there is the opportunity to while holding my position trade just the same. I did that with the GBP/USD and Bones again stated I was out of my trade when I lost the 60pips day trading with elbert3 aka THE COMMENTATOR. I remain long GBP/CAD 1.9000 Please see previous post to which Bones is referring http://www.forexfactory.com/showthre...46#post7181646...
On-site guru & also FF member's' psychiatrist, when not drinking tea
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