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Cable Update (GBPUSD)

  • #453,881
  • Aug 3, 2017 8:26am Aug 3, 2017 8:26am
Quoting malcolmb14
{quote} who knows ..... daily s3 is considered over extended and it 1.3130
my own personal thing is never trade against a trend .... tomorrow is a new trading day. ...
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  • #453,882
  • Aug 3, 2017 8:28am Aug 3, 2017 8:28am
lol.. will wait and see.. mode for now.
  • #453,883
  • Aug 3, 2017 9:32am Aug 3, 2017 9:32am
Was short in about 1.3227 last evening, booked pips. As long as pullback gets resisted at 1.3160-1.3140 zone resistant, likely more selling pressure, On the M5 we have a DB in place for breakout
  • #453,884
  • Aug 3, 2017 9:34am Aug 3, 2017 9:34am
Breakout target 1.3165
  • #453,885
  • Aug 3, 2017 9:35am Aug 3, 2017 9:35am
bulls beware sell pressure came in on the up bat 3050 target remain
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  • #453,886
  • Aug 3, 2017 9:40am Aug 3, 2017 9:40am
Yes am still bearish bias until signs of buying pressure builds up for up push, as of now it will take time to sort out. M1 trying for a BO as seen on M5 potential 123 in the making
  • #453,887
  • Aug 3, 2017 9:42am Aug 3, 2017 9:42am
Quoting malcolmb14
bulls beware sell pressure came in on the up bat 3050 target remain {image}
daily s3 is considered over extended so we may not see more movement today .. but overnight i expect a drop into 3080 / 3050
Blogging daily now at www.volume.zone
  • #453,888
  • Aug 3, 2017 9:43am Aug 3, 2017 9:43am
Quoting Trade-G
Yes am still bearish bias until signs of buying pressure builds up for up push, as of now it will take time to sort out. M1 trying for a BO as seen on M5 potential 123 in the making
good luck , that last 15 min up bar was all sellers... there is zero buy interest .. may be small retracements only. ...

why not just sell the rallies .... ? its easier no ....

with that being said we have done a huge down day. But my motto is the trend is your lover ....
Blogging daily now at www.volume.zone
  • #453,889
  • Aug 3, 2017 9:46am Aug 3, 2017 9:46am
Quoting malcolmb14
{quote} good luck,,,, hat last 15 min up bar was all sellers... there is zero buy interest .. may be small retracements only. ... why not just sell the rallies .... ? its easier no ....
Yes I do agree, already reshorted, from the first jump of the DB, a potential bullflag on M1 is there trade on breakout, and have tight stops that is.
  • #453,890
  • Aug 3, 2017 9:51am Aug 3, 2017 9:51am
thats the level to watch (where thumb is)... now we just consolidating .. that 15 all sellers... the next candles are just drifting around s3 pivot level ....

a buy is buy off pivot with 20 pip tp .... but why with the professional money selling on your head
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  • #453,891
  • Aug 3, 2017 9:57am Aug 3, 2017 9:57am
Quoting malcolmb14
thats the level to watch (where thumb is)... now we just consolidating .. that 15 all sellers... the next candles are just drifting around s3 pivot level .... a buy is buy off pivot with 20 pip tp .... but why with the professional money selling on your head {image}
in vsa we call the HIGH of that bar a trigger .... once the price gets above it it means the sellers have been absorbed and you can look to buy dips ... but seems we are not above that level so buys in the 1.3120 zone may ve heavy professional money selling against them
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  • #453,892
  • Aug 3, 2017 10:13am Aug 3, 2017 10:13am
Quoting Trade-G
{quote} Yes I do agree, already reshorted, from the first jump of the DB, a potential bullflag on M1 is there trade on breakout, and have tight stops that is.
Bullish pattern brokeout that is but a difficult up push, stuck at 1.3144, closing of Long hourly bear candle that brought it down...
  • #453,893
  • Aug 3, 2017 10:21am Aug 3, 2017 10:21am
Quoting Trade-G
{quote} Bullish pattern brokeout that is but a difficult up push, stuck at 1.3144, closing of Long hourly bear candle that brought it down...
M5 Tick chart have overextended its buying pressure..... if its not going up then it will come down from here, tight stops to be adjusted
  • #453,894
  • Aug 3, 2017 10:24am Aug 3, 2017 10:24am
Quoting Trade-G
{quote} M5 Tick chart have overextended its buying pressure..... if its not going up then it will come down from here, tight stops to be adjusted
milking every pip .... good man
Blogging daily now at www.volume.zone
  • #453,895
  • Aug 3, 2017 10:55am Aug 3, 2017 10:55am
Quoting malcolmb14
{quote} milking every pip .... good man
Upswing to 1.3154 atm lets see if 1.3165 region will be tagged
  • #453,896
  • Aug 3, 2017 10:56am Aug 3, 2017 10:56am
Quoting alirelax
GBPUSD TODAY {image}
+130 pip tp ok
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  • #453,897
  • Aug 3, 2017 10:58am Aug 3, 2017 10:58am
Quoting alirelax
{quote} +130 pip tp ok {image}
Yes I agree with you the last time you posted on the breakzone for the downswing bravo
  • #453,898
  • Aug 3, 2017 11:31am Aug 3, 2017 11:31am
Quoting nesta
{quote} hi..i..trade..Base..Own-System {image}
if you my trade,My-post analysis, subscribed to ME
  • #453,899
  • Aug 3, 2017 2:49pm Aug 3, 2017 2:49pm
Sterling fell out of bed for the US shift.
The sharp drop reflects the BoE’s unchanged policy decision and, more especially, the 6-2 vote in favour of maintaining the status quo, which suggests no real change in BoE thinking and no additional converts to the hawkish side of the policy camp following the departure of Forbes.
"The BoE also reduced growth forecasts and said it expects weaker wage inflation – to compound pressure on the pound."
  • #453,900
  • Aug 3, 2017 7:59pm Aug 3, 2017 7:59pm
Morning all

todays trading plan seems fairly straight forward

1.3149 we saw heavy supply yesterday on the 15 min . No buys unless that level is broken to the upside and we get a down wave with low volume down bars showing no sell interest

Others than that its still selling rallies mode for target 1.3030 area
that's my plan anyway

I normally plot the high and low of 1 st 30 min of London session ( called the open range ) and see how price behaves with in it .. break to downside strong chance it's s down day . According to my rules I cannot trade until the open range is complete . It keeps me out of any bs games in Asia and Frankie
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