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Cable Update (GBPUSD)

  • #385,941
  • Jul 8, 2014 7:50am Jul 8, 2014 7:50am
Quoting JimmyC
{quote} Gap not closing... yet {image}
Why you consider this as gap?

I knew only sunday gap.
Intraday only.
  • #385,942
  • Jul 8, 2014 7:59am Jul 8, 2014 7:59am
Quoting JimmyC
{quote} Gap not closing... yet {image}
My broker doesn't have gap
  • #385,943
  • Jul 8, 2014 7:59am Jul 8, 2014 7:59am
Quoting navk
{quote} Why you consider this as gap? I knew only sunday gap.
Any movement of this speed is caused more or less by liquidity gap in the market.

The gap on my chart looks more spectacular than on JimmyC's
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdfxfm15.png Size: 39 KB
  • #385,944
  • Jul 8, 2014 8:02am Jul 8, 2014 8:02am
Quoting cspip
AUDUSD to 0.9419 and 0.9426 ?
also, .......ahead to 0.9434 ........and GBPAUD 1.8135
  • #385,945
  • Jul 8, 2014 8:04am Jul 8, 2014 8:04am
Quoting Darkforce
{quote} Any movement of this speed is caused more or less by liquidity gap in the market. The gap on my chart looks more spectacular than on JimmyC's {image}
I only have two itty bitty gaps on the 1M. 1.5 and 2.2 pips respectively. Nothing on the tick chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdmm1.png Size: 57 KB
Click to Enlarge Name: !t-gbpusdmm233.png Size: 82 KB
Ghost Rider - WWTBMD?
  • #385,946
  • Jul 8, 2014 8:04am Jul 8, 2014 8:04am
Quoting Darkforce
{quote} Any movement of this speed is caused more or less by liquidity gap in the market. The gap on my chart looks more spectacular than on JimmyC's {image}
so it is liquidity gap. ok
Intraday only.
  • #385,947
  • Jul 8, 2014 8:05am Jul 8, 2014 8:05am
Quoting JimmyC
{quote} Gap not closing... yet {image}
Morning Jimmy
Ghost Rider - WWTBMD?
  • #385,948
  • Jul 8, 2014 8:12am Jul 8, 2014 8:12am
Quoting albchr
{quote} I only have two itty bitty gaps on the 1M. 1.5 and 2.2 pips respectively. Nothing on the tick chart. {image} {image}
I am using GainCapital a.k.a. Forex.com

Their gap during news announcement has always been spectacular

Upside is sometimes my TP is 30 pips and I got 60
Downside is sometimes my SL is 30 pips and I lost 60
  • #385,949
  • Jul 8, 2014 8:15am Jul 8, 2014 8:15am
Quoting albchr
{quote} Morning Jimmy
Howzit Chris!, were having a real winter today (-1) not good for a reptile like me, you warm and sunny?

The low liquidity opening on the fast charts is not visible on the HTF's for those noting no gap, also depends on who the liquidity providers are to your broker... For the chaps wondering... The top line on my chart will be quite tough resistance.
  • #385,950
  • Jul 8, 2014 8:15am Jul 8, 2014 8:15am
GBPUSD might bounce from 1.7109
  • #385,951
  • Jul 8, 2014 8:27am Jul 8, 2014 8:27am
Good day to you,

I did take some longs earlier and cleared the old shorts from lower down. Daily still set up short bias for me - so will continue shorting there until that changes.. attempting to get the best possible average..4hr however indicates we may see some more shorter term upside first. So may scalp that long if the opportunity presents itself.

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 70 KB
Click to Enlarge Name: gbpusdh4.png Size: 63 KB
  • #385,952
  • Jul 8, 2014 8:30am Jul 8, 2014 8:30am
Quoting JimmyC
{quote} Gap not closing... yet {image}
Maybe because there is no gap at all.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_nogap.JPG Size: 30 KB
  • #385,953
  • Jul 8, 2014 9:12am Jul 8, 2014 9:12am
Quoting Darkforce
{quote} I am using GainCapital a.k.a. Forex.com Their gap during news announcement has always been spectacular Upside is sometimes my TP is 30 pips and I got 60 Downside is sometimes my SL is 30 pips and I lost 60
Sooooo.....as is always the case in life....a balance?


Quoting JimmyC
{quote} Howzit Chris!, were having a real winter today (-1) not good for a reptile like me, you warm and sunny? The low liquidity opening on the fast charts is not visible on the HTF's for those noting no gap, also depends on who the liquidity providers are to your broker... For the chaps wondering... The top line on my chart will be quite tough resistance.
Ohhh I feel for ya brother. Yes nice & warm (some times too warm) But been having some horrific L&T storms. Last week it was 85 and hail the size of large marbles coming in sideways with winds taking trees down covered the ground before they could melt!

I see the same resistance. But then, we often do...eh?
Ghost Rider - WWTBMD?
  • #385,954
  • Jul 8, 2014 9:28am Jul 8, 2014 9:28am
Cable is acting really bizarre around this pivot...more so than usual.
Seems some big money is trying to push it down and some big money is trying to pump it up. Not "normal" market action, to say the least.

It must be the "risk" trade vs. the new "safe-haven" mode for Pound Sterling trying to decide which way to carry it. Right now, I am thinking a move higher with at least a blow-off top on the Daily. That could move the pair to 1.728 or even to 1.74.

I suppose it will depend on which side wins this skirmish over the Weekly Pivot.

  • #385,955
  • Jul 8, 2014 9:35am Jul 8, 2014 9:35am
Hi all :o)
So, when we will see 1.6700 again? :o)
  • #385,956
  • Jul 8, 2014 9:48am Jul 8, 2014 9:48am
Quoting Nan-ook
Hi all :o) So, when we will see 1.6700 again? :o)

It seems "They" want the pair above 1.71 for whatever reason. I have stopped asking why and now just follow Them around like a dog looking for scraps. (They leave giant scraps, by the way...)

The short answer to your question, though, is not for a long time will we see 1.67.

  • #385,957
  • Jul 8, 2014 10:04am Jul 8, 2014 10:04am
short

looking for 1,708

venceremos
The good thing with the future is that it is progressively approaching...
  • #385,958
  • Jul 8, 2014 10:07am Jul 8, 2014 10:07am
Close of play

M5 range box, bears still in control risk still to the downside

Attached Image


Can the bulls move price above 1.714 with the news today that GBP rates are definitely being considered for a small increase...
  • #385,959
  • Jul 8, 2014 10:52am Jul 8, 2014 10:52am
Everybody is waiting for MPC on thursday. If the confirm rate hike before the end of 2014, we ll see rally towards 1.75. Most likely they ll say it s not the right time to rase the rate and we ll see sell off, holding until support 1.69, then we ll see what s next.
  • #385,960
  • Jul 8, 2014 11:19am Jul 8, 2014 11:19am
The trend still on bullish til 1.7250 . Don't wanna fight the trend...
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