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Cable Update (GBPUSD)

  • #433,181
  • Jun 23, 2016 4:00am Jun 23, 2016 4:00am
14800 is now very weak, because is a Tokyo ref (round number), tagged by GB high.
Ubi maior minor cessat
  • #433,182
  • Jun 23, 2016 4:07am Jun 23, 2016 4:07am
Quoting Lock
14800 is now very weak, because is a Tokyo ref (round number), tagged by GB high.
14800 taken out

Now let's see if it's able to go higher to test the overnight high 14841 (that is tagging previous very weak old gb refs up to 14844)
Ubi maior minor cessat
  • #433,183
  • Jun 23, 2016 4:15am Jun 23, 2016 4:15am
Demo pos. report. My stop moved just below 2 days gb balance high.

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Ubi maior minor cessat
  • #433,184
  • Jun 23, 2016 4:24am Jun 23, 2016 4:24am
Quoting Lock
{quote} 14800 taken out Now let's see if it's able to go higher to test the overnight high 14841 (that is tagging previous very weak old gb refs up to 14844)

all taken out

demo pos long closed on the spike. I hope you enjoyed.

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Ubi maior minor cessat
  • #433,185
  • Jun 23, 2016 5:45am Jun 23, 2016 5:45am
And this is how a "fire cracker effect" looks like. See previous post, second image.

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Ubi maior minor cessat
  • #433,186
  • Jun 23, 2016 5:55am Jun 23, 2016 5:55am
Quoting Shiv999
{quote} BREXIT is NOT GONNA HAPPEN FOR SURE, It was nothing but just the HYPE with an intention of making rich more richer. Also, I am expecting a better price to short, it should pass 1.48 easily.
There it goes, wouldn't be surprised if it touches 1.50500-1.51
Losers Hope, Winners Believe
  • #433,187
  • Edited 6:36am Jun 23, 2016 6:01am | Edited 6:36am
I don't know, nor I'm interested in. But right now I've no other targets above this level(for the GB session up to preUS open) but an old GB gap down(2015.12.15) at 15520 (edit - sorry for the typing!)150520-15131. That it looks very far away.

But right now volatility is huge. Anything can happen, not for the vote but for the structure. Downside is ugly. Uspide is ugly. Let's see next days.
Ubi maior minor cessat
  • #433,188
  • Edited 6:27am Jun 23, 2016 6:05am | Edited 6:27am
If BREXIT vote passes this USD/GBP will fall like a rock. Markets are clearly betting on Brexit no vote. No stops would be safe, it could be EUR/CHF scenario for retails all over again. This is very dangerous time to be trading.
  • #433,189
  • Jun 23, 2016 6:23am Jun 23, 2016 6:23am
Quoting Tom81
If BREXIT vote passes this USD/GBP will fall like a rock. Markets are clearly betting on Brexit no vote. No stops would be safe, it could be EUR/CHF scenario for retails all over again. These is very dangerous time for trading.
Currency Traders Face 3 am Singapore Start for Brexit Results

voting will close at 10pm tonight, the future of Britain’s relationship with the European Union will not be known until at least nine hours later, at 7am on Friday.
  • #433,190
  • Jun 23, 2016 6:29am Jun 23, 2016 6:29am
Quoting JimmyC
{quote} And there's the short signal, lateral resistance held.... {image}
And the charts says.... Bremain....

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Now we wait for the politicians to tell us...
  • #433,191
  • Jun 23, 2016 6:46am Jun 23, 2016 6:46am
#GBPUSD short !.4940/ SL 1.4981 / 1.4834 for a scalp.... or at any price before NYC closed
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #433,192
  • Jun 23, 2016 6:58am Jun 23, 2016 6:58am
Pre US is going to open with a big gap up. And we are now in a 3 M30 periods balance. J is inside I that is inside H.
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Ubi maior minor cessat
  • #433,193
  • Jun 23, 2016 7:05am Jun 23, 2016 7:05am
Price is right above the old multi pass pit gap 148485-148535 (very interesting for pit sessions) and above the pit gap down (2015.12.28) 148485-14873
Ubi maior minor cessat
  • #433,194
  • Edited 9:10am Jun 23, 2016 8:59am | Edited 9:10am
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Ubi maior minor cessat
  • #433,195
  • Jun 23, 2016 9:17am Jun 23, 2016 9:17am
Note that pit low tagged exactly the base of the second old minus development 14787-14796.
Those min dev were targets "above" yesterday.
And now, the only untouched part of these minus develpment is 14773-14783. That is more or less the current pit gap up.
Ubi maior minor cessat
  • #433,196
  • Jun 23, 2016 9:19am Jun 23, 2016 9:19am
Thank you NY
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And now let's see what tomorrow's result will be.

Regards,
Alex
  • #433,197
  • Jun 23, 2016 9:42am Jun 23, 2016 9:42am
Quoting Lock
Note that pit low tagged exactly the base of the second old minus development 14787-14796. Those min dev were targets "above" yesterday. And now, the only untouched part of these minus develpment is 14773-14783. That is more or less the current pit gap up.
All removed and pit gap up retraced. Also the GB poor low has been taken out.

Most of the overnight inventory long has been corrected. It's enough? I don't know. Let's see.

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Ubi maior minor cessat
  • #433,198
  • Edited 10:31am Jun 23, 2016 10:07am | Edited 10:31am
Da what the hell, I can't help but see opportunity here so I'm going to buy a small 1 lot on its own and for the first time in a very long time a will use a stop,. MY BUY WILL BE WEEKLY CHART AND THE SIGNAL IS IT HAS CLOSED OVER ENVELOPES 10/0.10 AND SITTING HARD ON THE BREAK OUT, I WILL CLOSE WHEN BEARISH BREAKOUT BELOW THE ENVELOPES 10/0.10.... WHO KNOWS THAT COULD BE NEXT YEAR... HEHEHE...
THIS IS gambling TODAY THOUGH SO IF YOU CANT AFFORD I WOULD ADVISE STAY CLEAR...
MY STOP IS FEBRUARYS LOW 👍
TEMPORARY TP TARGET FOR NEXT TWO DAYS 1.58...
FREEDOM IS SECURITY.
  • #433,199
  • Jun 23, 2016 10:20am Jun 23, 2016 10:20am
Hey cogsx86, I see you there 👍
Good luck brother 👍
FREEDOM IS SECURITY.
  • #433,200
  • Jun 23, 2016 10:36am Jun 23, 2016 10:36am
Predicted next area Kaufman's 50AMA on weekly chart.
FREEDOM IS SECURITY.
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