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Cable Update (GBPUSD)

  • #432,961
  • Jun 21, 2016 8:39am Jun 21, 2016 8:39am
now current pit low is weak as it TAG preUS low at 14675.
Ubi maior minor cessat
  • #432,962
  • Jun 21, 2016 8:42am Jun 21, 2016 8:42am
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
  • #432,963
  • Jun 21, 2016 8:42am Jun 21, 2016 8:42am
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: na
  • #432,964
  • Jun 21, 2016 8:45am Jun 21, 2016 8:45am
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?
  • #432,965
  • Jun 21, 2016 8:45am Jun 21, 2016 8:45am
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
  • #432,966
  • Jun 21, 2016 8:47am Jun 21, 2016 8:47am
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
  • #432,967
  • Jun 21, 2016 8:51am Jun 21, 2016 8:51am
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
  • #432,968
  • Jun 21, 2016 8:54am Jun 21, 2016 8:54am
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
  • #432,969
  • Jun 21, 2016 8:56am Jun 21, 2016 8:56am
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
  • #432,970
  • Jun 21, 2016 8:57am Jun 21, 2016 8:57am
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)...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,971
  • Jun 21, 2016 8:59am Jun 21, 2016 8:59am
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.
  • #432,972
  • Jun 21, 2016 9:02am Jun 21, 2016 9:02am
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 ?
  • #432,973
  • Jun 21, 2016 9:02am Jun 21, 2016 9:02am
146615 is poor low
Ubi maior minor cessat
  • #432,974
  • Jun 21, 2016 9:04am Jun 21, 2016 9:04am
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
  • #432,975
  • Jun 21, 2016 9:06am Jun 21, 2016 9:06am
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.
  • #432,976
  • Jun 21, 2016 9:07am Jun 21, 2016 9:07am
Quoting sameerbiz
{quote} the Vote is today or tomorrow ?
the day after tomorrow😉
  • #432,977
  • Jun 21, 2016 9:09am Jun 21, 2016 9:09am
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
  • #432,978
  • Jun 21, 2016 9:11am Jun 21, 2016 9:11am
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.
  • #432,979
  • Jun 21, 2016 9:12am Jun 21, 2016 9:12am
How do you identify real money lock? is it just down to volume.
  • #432,980
  • Jun 21, 2016 9:13am Jun 21, 2016 9:13am
Quoting Bones
ok http://www.forexfactory.com/showthre...05#post7761905 {quote}
exactly
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