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Cable Update (GBPUSD)

  • #474,381
  • Edited 2:25am Jan 31, 2019 2:05am | Edited 2:25am
FTSE opened....

Be careful of month end flows out of pound into Euros as bank of england must pay euro zone a fee...

"The UK makes monthly contributions to the European budget which inevitably creates a demand for Euro's as Sterling is converted, and it would appear that Paterson says the Bundesbank is responsible for making the exchange"
Don't Leave Money on the Table
  • #474,383
  • Jan 31, 2019 3:23am Jan 31, 2019 3:23am
Quoting 6ix9ine
{quote} You are looking for a sell off on the lower tf, but an extension on the higher tf am I correct?
Yes, because I believe we will see a bounce of the Top of the Master Candle as the main set up - Sell.
I need the H4 candle to BLOW through this resistance before I would go Long.

I am now selling just with micro trades - hit rate is around 95% but profit is small but it adds up to a wage by the end of the night. If I see a good move, I will add trades to form a basket.
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Trading thin liquidity at the boundary of the charts
  • #474,384
  • Jan 31, 2019 3:31am Jan 31, 2019 3:31am
For a bearish reversal to be confirmed, price will need to rise above weekly open by 110 pips or more and return to the weekly opening price. In summary Gbpusd has to move up to 1.3300 from its weekly open at 1.3186 and find its way back to the opening price before final bearish confirmation to 1.2950 - 1.2770 region in the coming weeks. Stay green.
Data + Stat + Risk/Emotions Management
  • #474,385
  • Jan 31, 2019 3:35am Jan 31, 2019 3:35am
Weekly range so far is 156 pips (1.3209-1.3153) if low of 1.3153 is unbroken, there will be a credence for price to touch 1.3290-1.3300 region before an aggressive pull back to the opening price of the week. Stay green.
Data + Stat + Risk/Emotions Management
  • #474,386
  • Jan 31, 2019 3:40am Jan 31, 2019 3:40am
Quoting Georginson
For a bearish reversal to be confirmed, price will need to rise above weekly open by 110 pips or more and return to the weekly opening price. In summary Gbpusd has to move up to 1.3300 from its weekly open at 1.3186 and find its way back to the opening price before final bearish confirmation to 1.2950 - 1.2770 region in the coming weeks. Stay green.
I think so. Im looking for major bearish up there. Eye on 1.33000
Yoobbie
  • #474,387
  • Jan 31, 2019 4:21am Jan 31, 2019 4:21am
Now we have another Tick signal -

Whats a man to do when its raining pips
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #474,388
  • Jan 31, 2019 4:34am Jan 31, 2019 4:34am
Preparing for big tanking perhaps watching test open already.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #474,389
  • Jan 31, 2019 4:43am Jan 31, 2019 4:43am
GBPUD Daily

https://prnt.sc/meoh5p
  • #474,390
  • Jan 31, 2019 5:07am Jan 31, 2019 5:07am
Quoting fontu
Preparing for big tanking perhaps watching test open already. {image}
I am waiting for this move too, it will tank to the huge liquidity zone created by one 15 minute candle 15 hours ago. Its only a matter of time.
Target I believe is around 1.3075

My first micro trade is in, I'm selling now. THIS WILL BE MY FIRST OF 30-40 TRADES

I PROMISE TO STOP POSTING AFTER THIS - CAN YOU FEEL IT CHANGE

Oh - trade 2 is done, Sell for 3.8 pips. New order in just and taken +2.1 New order in taken +2.7
Attached Image
Trading thin liquidity at the boundary of the charts
  • #474,391
  • Jan 31, 2019 5:13am Jan 31, 2019 5:13am
Quoting RickM
{quote} I am waiting for this move too, it will tank to the huge liquidity zone created by one 15 minute candle 15 hours ago. Its only a matter of time. Target I believe is around 1.3075 My first micro trade is in, I'm selling now. THIS WILL BE MY FIRST OF 30-40 TRADES I PROMISE TO STOP POSTING AFTER THIS - CAN YOU FEEL IT CHANGE Oh - trade 2 is done, Sell for 3.8 pips. New order in just and taken +2.1 New order in taken +2.7 {image}
Dude post as much as you want....
Don't Leave Money on the Table
  • #474,392
  • Jan 31, 2019 5:21am Jan 31, 2019 5:21am
Quoting Georginson
For a bearish reversal to be confirmed, price will need to rise above weekly open by 110 pips or more and return to the weekly opening price. In summary Gbpusd has to move up to 1.3300 from its weekly open at 1.3186 and find its way back to the opening price before final bearish confirmation to 1.2950 - 1.2770 region in the coming weeks. Stay green.
Who told you that? Is that just some made up number(110 pips) or what? This logic makes no sense. Focus on HH, LL, LH,HL first to get your confirmations... arbitrary numbers do not dictate reversals or continuations.

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  • #474,393
  • Jan 31, 2019 5:23am Jan 31, 2019 5:23am
Quoting RickM
Now we have another Tick signal - Whats a man to do when its raining pips {image}
How do you define a "Tick"?
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  • #474,394
  • Edited 6:18am Jan 31, 2019 6:07am | Edited 6:18am
Quoting FXCyborg
{quote} How do you define a "Tick"?
Its the speed of the market measuring how fast the Tick chart is moving. The Tick speed can increase 3-5 times when a micro move or trend is occurring and this can be measured by a indicator. This info is only useful on the 1 minute chart or faster. I am trading liquidity pools and the speed of movement through these money pots. I have the option of performing this trading via the 30 second time frame on Seirra Charts or the 1 minute chart on MT4.
I just like MT4 for some unknown reason.

Its now ranging so I await the next move. This could be a Long trap or a become a Buy. The Tick Chart says do nothing.
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Trading thin liquidity at the boundary of the charts
  • #474,395
  • Jan 31, 2019 6:10am Jan 31, 2019 6:10am
Quoting Shadowluxury
{quote} I think so. Im looking for major bearish up there. Eye on 1.33000
I change my mind. Shorting.
Yoobbie
  • #474,396
  • Edited 6:38am Jan 31, 2019 6:10am | Edited 6:38am
Quoting RickM
{quote} I am waiting for this move too, it will tank to the huge liquidity zone created by one 15 minute candle 15 hours ago. Its only a matter of time. Target I believe is around 1.3075 My first micro trade is in, I'm selling now. THIS WILL BE MY FIRST OF 30-40 TRADES I PROMISE TO STOP POSTING AFTER THIS - CAN YOU FEEL IT CHANGE Oh - trade 2 is done, Sell for 3.8 pips. New order in just and taken +2.1 New order in taken +2.7 {image}
Hope do but as you see price still within ranges of last leg up and this correction down now in ABC wave form so can easily test top before down or extend further up! First signal 3096 ,2nd 3054 for confirmation 3010 to tank start.3000 handle very important to break the bull waistline, target goes 2829/2665 to bottom, 2910 important stop level. Price may escape tanking so try best keep above 3010 or 3000 handle, will wait longer time then. Take care.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #474,397
  • Jan 31, 2019 6:21am Jan 31, 2019 6:21am
Quoting Shadowluxury
{quote} I change my mind. Shorting.
I wouldn't be shorting just yet, looks like price is heading north.....my opinion

Market waking up in time for US session in 40 minutes....
Don't Leave Money on the Table
  • #474,398
  • Jan 31, 2019 6:39am Jan 31, 2019 6:39am
Quoting fontu
{quote} Hope do but as you see price still within ranges of last leg up and this correction down now in ABC wave form so can easily test top before down or extend further up! First signal 3096 ,2nd 3054 for confirmation 3010 to tank start.3000 handle very important to break the bull waistline, target goes 2829/2665 to bottom, 2920 important stop level. Price may escape tanking so try best keep above 3010 or 3000 handle, will wait longer time then. Take care. {image}
Hi Fontu

I agreed with your chart long term, nice TA.
At present I am only looking for the next major Liquidity Zone within reach of the current price so that's DOWN.
On direction, the TICK chart didn't like this last small move up so no trade for me. But I took a sell 15 minutes ago because the TICK chart speed doubled so we are still selling.
Trading thin liquidity at the boundary of the charts
  • #474,399
  • Jan 31, 2019 6:43am Jan 31, 2019 6:43am
Quoting HaLBot
{quote} I wouldn't be shorting just yet, looks like price is heading north.....my opinion Market waking up in time for US session in 40 minutes....
Im holding it till 1.30800. Hopefully the bear awake too
Yoobbie
  • #474,400
  • Jan 31, 2019 6:47am Jan 31, 2019 6:47am
Quoting RickM
{quote} Its the speed of the market measuring how fast the Tick chart is moving. The Tick speed can increase 3-5 times when a micro move or trend is occurring and this can be measured by a indicator. This info is only useful on the 1 minute chart or faster. I am trading liquidity pools and the speed of movement through these money pots. I have the option of performing this trading via the 30 second time frame on Seirra Charts or the 1 minute chart on MT4. I just like MT4 for some unknown reason. Its now ranging so I await the next move. This could...
I'm sorry, but your definition of a "Tick" is incorrect I'm afraid mate.. .

A "Tick" is a movement of price and and they are not displayed on the 1 Min compression. Sure, you see the price move up and down filling orders via the D.O.M (Depth of Market), but the real display is shown in this image below found via your Market Watch Panel's lower tabs. (Or via the D.O.M Panel)

example: If EUR/USD price is: 1.12000 and it moves to 1.120001 (one point), that's a "Tick".

What you're trying to explain is Time, Over Volume Over Distance - just how Nadex trading is done to predict future volatility so you win the Nadex order.

ATB
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