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Cable Update (GBPUSD)

  • #454,361
  • Aug 25, 2017 9:54am Aug 25, 2017 9:54am
I found curious the fact that nobody here seems interested in what this market is actually doing. It looks like nobody is interested nor in the rejection at the upper monthly bracket lower extreme (2795) made this morning and the days before, nor in the rejection below the lower monthly bracket absolute high (27745) made on Thursday , nor in the possible target at 2885 major composite poc clearly possible after these rejections.
Ubi maior minor cessat
  • #454,362
  • Aug 25, 2017 10:00am Aug 25, 2017 10:00am
taking profit here at 1.2877
  • #454,363
  • Aug 25, 2017 10:05am Aug 25, 2017 10:05am
Quoting Lock
I found curious the fact that nobody here seems interested in what this market is actually doing. It looks like nobody is interested nor in the rejection at the upper monthly bracket lower extreme (2795) made this morning and the days before, nor in the rejection below the lower monthly bracket absolute high (27745) made on Thursday , nor in the possible target at 2885 major composite poc clearly possible after these rejections.
Did mentioned that weekly up trend channel is supported at 1.277X region, so that's one reason for a likely bounce from here, Rejection of previous month low of 1.2811 will mean a likely reversal too, weekly pivot S1 at 1.2795 was flirtatious clue us in..... Up trend imprints clued us in too....
  • #454,364
  • Aug 25, 2017 10:08am Aug 25, 2017 10:08am
I don't see a pocket at 1.2885 1.2880 region is a stronghold that is currently bricking the move.... now that hourly is closed lets see any pullback will happen
  • #454,365
  • Aug 25, 2017 10:09am Aug 25, 2017 10:09am
By the way 28637 and 2845 will remain our most important levels for today and next days: any possible continuation upside need clear acceptation above both of them. If not, a new test downside is always possible. Note also B period very elongated.
Ubi maior minor cessat
  • #454,366
  • Aug 25, 2017 10:12am Aug 25, 2017 10:12am
Quoting Lock
By the way 28637 and 2845 will remain our most important levels for today and next days: any possible continuation upside need clear acceptation above both of them. If not, a new test downside is always possible. Note also B period very elongated.
It has not clear the woods yet, yeah your POC is point of control I think if I recall, as for now it may slow brew....
  • #454,367
  • Aug 25, 2017 10:13am Aug 25, 2017 10:13am
Quoting Lock
By the way 28637 and 2845 will remain our most important levels for today and next days: any possible continuation upside need clear acceptation above both of them. If not, a new test downside is always possible. Note also B period very elongated.
Your levels coincide with mine tempted for a short
  • #454,368
  • Aug 25, 2017 10:15am Aug 25, 2017 10:15am
Quoting Trade-G
{quote} Did mentioned that weekly up trend channel is supported at 1.277X region, so that's one reason for a likely bounce from here, Rejection of previous month low of 1.2811 will mean a likely reversal too, weekly pivot S1 at 1.2795 was flirtatious clue us in..... Up trend imprints clued us in too....
If you see a market testing the low of a monthly bracket, meaning a full range of multiple months balancing one upon each other, this low is the exact value to consider in order to take a decision. This come from the fact that such kind of levels are generally used by major mid term participants. So it is generally suggested to go along side those who have major capitals. Other factors could be considered in different situations where minor timeframes are expected to possibly rule a market. But in the presence of bigger hands it is highly suggested to act as they do.
Ubi maior minor cessat
  • #454,369
  • Aug 25, 2017 10:19am Aug 25, 2017 10:19am
Quoting Trade-G
{quote} Your levels coincide with mine tempted for a short
Fine: 2845 is the upper monthly bracket low considering only GB action, while 28637 is the upper monthly low considering only Pit session participants. Because we are in the pit session we could consider 28637 as the most important right now. But because GB participants will be in until 18:00+1GMT also 2845 should be considered at least up to that time.
Ubi maior minor cessat
  • #454,370
  • Aug 25, 2017 10:19am Aug 25, 2017 10:19am
Out of a cheap short hahaha.... already breached no trading for the day..... you tempter Lock !
  • #454,371
  • Aug 25, 2017 10:21am Aug 25, 2017 10:21am
Btw I apologize for the invasion in this thread: I couldn't resist. Best L.
Ubi maior minor cessat
  • #454,372
  • Edited 10:36am Aug 25, 2017 10:23am | Edited 10:36am
Quoting Lock
{quote} Fine: 2845 is the upper monthly bracket low considering only GB action, while 28637 is the upper monthly low considering only Pit session participants. Because we are in the pit session we could consider 28637 as the most important right now. But because GB participants will be in until 18:00+1GMT also 2845 should be considered at least up to that time.
What you say is true of floor trading and from your explanation it seems correct although my reasons for those levels are X
  • #454,373
  • Aug 25, 2017 10:24am Aug 25, 2017 10:24am
Quoting Lock
Btw I apologize for the invasion in this thread: I couldn't resist. Best L.
Oh no Lock its not my thread, I think your participation will benefit many here too.... it benefitted me...
  • #454,374
  • Aug 25, 2017 10:28am Aug 25, 2017 10:28am
Quoting Lock
{quote} If you see a market testing the low of a monthly bracket, meaning a full range of multiple months balancing one upon each other, this low is the exact value to consider in order to take a decision. This come from the fact that such kind of levels are generally used by major mid term participants. So it is generally suggested to go along side those who have major capitals. Other factors could be considered in different situations where minor timeframes are expected to possibly rule a market. But in the presence of bigger hands it is highly...
This is wisdom, you have my respect in what you say....
  • #454,375
  • Aug 25, 2017 10:35am Aug 25, 2017 10:35am
Quoting Trade-G
{quote} Oh no Lock its not my thread, I think your participation will benefit many here too.... it benefitted me...

I didn't mean this. Long time ago I decided to create a new thread for cable just to give continuity to my comments and to avoid misunderstandings in this one. This is the reason of my comment. Have a nice continuation and kind regards. L.
Ubi maior minor cessat
  • #454,376
  • Aug 25, 2017 11:56am Aug 25, 2017 11:56am
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well it might of been my 2770 area was the time 1 pull back on today's candle the close out and go long 2. Go long now with stops at a pull back target . If Eu is to follow them 1.2500 would be a target but remember it's big gap at .0780 areas
  • #454,377
  • Aug 25, 2017 11:59am Aug 25, 2017 11:59am
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Quoting elbert3
{image} well it might of been my 2770 area was the time 1 pull back on today's candle the close out and go long 2. Go long now with stops at a pull back target . If Eu is to follow them 1.2500 would be a target but remember it's big gap at .0780 areas
  • #454,378
  • Aug 25, 2017 2:23pm Aug 25, 2017 2:23pm
let short this EUROUSD ...
Made in Malaysia <3
  • #454,379
  • Aug 25, 2017 2:43pm Aug 25, 2017 2:43pm
Quoting DonMalaya
let short this EUROUSD ...
That reads like drinking talk lol
  • #454,380
  • Aug 25, 2017 3:17pm Aug 25, 2017 3:17pm
Quoting elbert3
{quote} That reads like drinking talk lol
lol, its that time of day and week ha
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