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Cable Update (GBPUSD)

now current pit low is weak as it TAG preUS low at 14675.
Ubi maior minor cessat
Quoting Lock
So. Pit session opens inside yesterday range. That means initial acceptation of previous range. Let's see if it's going to test yes high 14718 and more or if it continues with the liquidation down. Current situation: {image}
Current market structure shows that bullish momentum has waned. There seems to be more potential for a bearish push imho.
Do your homework, follow the footprints of smart money
Quoting Lock
now current pit low is weak as it TAG preUS low at 14675.
what is a pit session
little bit of sense, little bit of luck
Ktr Return This Month: -15.4%
Would it be wise to open a buy & sell order before the brexit vote. Because one trade will lose on the SL i put and then the other trade would make cover my losses and also profit. What do you all think?
Quoting KeenPips
{quote} Current market structure shows that bullish momentum has waned. There seems to be more potential for a bearish push imho.
I don't know KeenPips. The thing I noticed is that whatever the direction of this market, it is using weak references as starting levels. So the market is driven by weak hands. I cannot see serious money involved yet. Huge volatility for sure.
Ubi maior minor cessat
Quoting Tpak
{quote} what is a pit session
the pit session starts (9:30 am ET) 1hour and a half after the preUS open that you maybe call "us session open". We are currently in the first half hour of the pit session.

possible targets below recap:

 

  1. below
  2. 147055 GB poor low/open TAG
  3. 146955 yes pit unch tagged by 2 Tokyo M30 periods
  4. 146720 yes GB high
  5. 146500 Tokyo cluster (many M30 bars at same round level)
  6. 146405 Tokyo Poor Low (2 M30 bars same low at the bottom of the session)
  7. 146355 Sydney BtB(2 pips above) yesterday GB unchange(close)

  8. far below
  9. 145800 yes. GB TAG of a previous GB ref and pit session tag of the same level
  10. 14492-14495 old multi pass pit GAP (very very interesting for upcoming pit sessions)
  11. 14310-14559 last huge GB gap up (with special attention to the multi pass at 14310-14393)

Ubi maior minor cessat
Quoting ferndog
Would it be wise to open a buy & sell order before the brexit vote. Because one trade will lose on the SL i put and then the other trade would make cover my losses and also profit. What do you all think?
if there is a gap after vote, you will lost most of your profit,brokers shift order price to the first price of gap
Quoting Lock
now current pit low is weak as it TAG preUS low at 14675.
146720 yes GB high

both taken out
Ubi maior minor cessat
Quoting Lock
{quote} I don't know KeenPips....
Take a look at the 4H chart and see the long rejection wicks and the increased number of bearish candles. Lol
Do your homework, follow the footprints of smart money
ok
http://www.forexfactory.com/showthre...05#post7761905

Quoting Lock
{quote} the pit session starts (9:30 am ET) 1hour and a half after the preUS open that you maybe call "us session open". We are currently in the first half hour of the pit session. possible targets below recap: below 147055 GB poor low/open TAG 146955 yes pit unch tagged by 2 Tokyo M30 periods 146720 yes GB high 146500 Tokyo cluster (many M30 bars at same round level) 146405 Tokyo Poor Low (2 M30 bars same low at the bottom of the session) 146355 Sydney BtB(2 pips above)...
#doyourownanalysisordietryin
Quoting Arshamv
{quote} if there is a gap after vote, you will lost most of your profit,brokers shift order price to the first price of gap
Thanks for the response. I guess there is never anything that easy that comes from forex.
Quoting Arshamv
{quote} if there is a gap after vote, you will lost most of your profit,brokers shift order price to the first price of gap
the Vote is today or tomorrow ?
146615 is poor low
Ubi maior minor cessat
Quoting ferndog
Would it be wise to open a buy & sell order before the brexit vote. Because one trade will lose on the SL i put and then the other trade would make cover my losses and also profit. What do you all think?
This is because you expect the market to go in a particular direction. Because you want to control the result. You can control the result but you can't control the market
But what if it will do as below?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD m1 (06-21-2016 1547).png Size: 22 KB

Try to think to all possible scenarios, there are your money on the table, don't think twice, think 1000 times. Even if one thing out of 100 makes you uncomfortable then don't risk your money.

Regards,
Alex
Quoting Bones
ok http://www.forexfactory.com/showthre...05#post7761905 {quote}
WOW SHERLOCK BONES solves a case .. well done Colombo ..
If you dont mind me just slightly mentioning - i had my suspicions - home country was put down as Italy, but thats nothing compared to your skills.
Quoting sameerbiz
{quote} the Vote is today or tomorrow ?
the day after tomorrow😉
Quoting KeenPips
{quote} Take a look at the 4H chart and see the long rejection wicks and the increased number of bearish candles. Lol
Let me clarify: I have not seen real money for months. This market has moved up and down for hundreds of pips without any meaningful conviction nor volume.
Ubi maior minor cessat
Quoting ferndog
Would it be wise to open a buy & sell order before the brexit vote. Because one trade will lose on the SL i put and then the other trade would make cover my losses and also profit. What do you all think?
Lottery Ticket, much better off with a few of those in my humble opinion.
How do you identify real money lock? is it just down to volume.
Quoting Bones
ok http://www.forexfactory.com/showthre...05#post7761905 {quote}
exactly
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