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Cable Update (GBPUSD)

  • #433,561
  • Jun 27, 2016 5:05am Jun 27, 2016 5:05am
Quoting Denx
small buy gu at 1.3225. sl 12 pips.
Looks good. Set SL to BE now
  • #433,562
  • Jun 27, 2016 5:30am Jun 27, 2016 5:30am
13200 level is weak. And GB, right now is building a notable gap down for the upcoming preUS session. Still one time frame lower*.

*"One-timeframing: A trending situation where in an uptrend, the low of the previous bar is not broken to the downside by 2 tics or more.
Conversely, in a downtrend, the high of the previous bar is not exceeded by at least 2 ticks or more. As these upside and downside situations occur over multiple bars we identify them as “one-timeframing’. One timeframing is applicable to all timeframes, from monthly, weekly, daily charts to the shortest timeframe Market Profile thirty minute periods intraday.
Recognizing a one-timeframing mode can keep a trader from fading a market at inopportune times while also enabling a trader to employ the most appropriate strategic and tactical plan for current market conditions."

visual current example:

Attached Image
Ubi maior minor cessat
  • #433,563
  • Edited 7:27am Jun 27, 2016 6:21am | Edited 7:27am
Has underestimating the situ ,being quite isn't the thing now ,Corbin holding on not good ,SNP trying not good ,its everyone for themselves ,avoid the hot potato ,
It fast becoming something more negative completely ,3 months is too long to change PM
Shame theres always a faction of British that embarrass us ,with the comments on Foreigners already here ,going forward people I think voted control thats it,
anyone here legally or Brits abroad stay where they are ,

Quoting gammase1
Shares in UK banks, insurers, builders and real estate companies getting hammered in trading.... Trading in Barclays and RBS temporarily halted. Conversely, oil companies and miners, and others which derive most of their earnings in overseas markets - which make up a fair share, in terms of weightings, of the FTSE100 - are performing well, as the most of the earnings and dividends on these stocks are all in dollars. !0-year gilts hitting another record low, dropping 10bps to 0.96%, as markets are betting that next move from BOE is likely to be an...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,564
  • Jun 27, 2016 6:55am Jun 27, 2016 6:55am
Quoting Lock
13200 level is weak. And GB, right now is building a notable gap down for the upcoming preUS session. Still one time frame lower*. *"One-timeframing:.... Recognizing a one-timeframing mode can keep a trader from fading a market at inopportune times while also enabling a trader to employ the most appropriate strategic and tactical plan for current market conditions." visual current example: {image}
preUS is going to open with more then 400 pips of down gap. When you are in a trend you generally should go with the gap direction unless it is retraced quickly after open. And 13150 is now weak.
Ubi maior minor cessat
  • #433,565
  • Jun 27, 2016 6:58am Jun 27, 2016 6:58am
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tl attraction watch the bounce if it holds and to fill the gap ????
  • #433,566
  • Jun 27, 2016 7:02am Jun 27, 2016 7:02am
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any try has to have a sl on it at this time 1 min chart
  • #433,567
  • Jun 27, 2016 7:07am Jun 27, 2016 7:07am
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trying this
  • #433,568
  • Jun 27, 2016 7:12am Jun 27, 2016 7:12am
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if it holds something like this ,, remember only my opinion, and not posted here for some time now and i see a lot of new traders in the thread, ,, gl
  • #433,569
  • Jun 27, 2016 7:17am Jun 27, 2016 7:17am
New fresh low, the Pound remains intense bearish pressure under 1.32 level, my target set to 1.30.
  • #433,570
  • Jun 27, 2016 7:18am Jun 27, 2016 7:18am
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my last monthly chart if you look left it hit old res and a tl, and the green target box
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now over sold
  • #433,571
  • Jun 27, 2016 7:23am Jun 27, 2016 7:23am
Can see cable hitting 1.295/1.29 where we will get a bit of a bounce. Got this from set of trend lines on the weekly. I think you'll also find if you look back overtime on the longer timeframes such daily, weekly and monthly it doesn't like being oversold and reacted strongly after i.e. support levels of around 20-25 on the rsi. We are approaching these levels and will reach them easily in the next day or two at this rate.

I'd just be careful if you are still looking to short at the moment, especially in terms of positioning.
  • #433,572
  • Jun 27, 2016 7:24am Jun 27, 2016 7:24am
Quoting csc2009
New fresh low, the Pound remains intense bearish pressure under 1.32 level, my target set to 1.30.
Likewise with a slight dip under as they do
  • #433,573
  • Jun 27, 2016 7:26am Jun 27, 2016 7:26am
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last one you will be glad of lol gl all , back to my site regards
  • #433,574
  • Jun 27, 2016 7:26am Jun 27, 2016 7:26am
13150 is very weak but after the preUS test below it(if it will happen), watch out! GB structure above is ugly. It may resist, considering the magnitude of the us gap down, but it is very very weak.

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Ubi maior minor cessat
  • #433,575
  • Jun 27, 2016 8:05am Jun 27, 2016 8:05am
Minions, prepare to buy.
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FREEDOM IS SECURITY.
  • #433,576
  • Jun 27, 2016 8:14am Jun 27, 2016 8:14am
Finally retracing- got 60 pips sold at the spike

Naturally- it didn't occur to me to reverse my position at the spike
  • #433,577
  • Jun 27, 2016 8:19am Jun 27, 2016 8:19am
Quoting Lock
13150 is very weak but after the preUS test below it(if it will happen), watch out! GB structure above is ugly. It may resist, considering the magnitude of the us gap down, but it is very very weak. {image}
So, Us pit is going to open with a huge gap down too (as preUS), GB low (13158) is very weak and pre US low at 13156 is a poor low. I'm currrently buying this break from pre us bal(because of the ugly GB structure above), but I'm not happy for the current situation below.
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Ubi maior minor cessat
  • #433,578
  • Jun 27, 2016 8:19am Jun 27, 2016 8:19am
gbp itself is at support zone ,would be super bad to take it this month ,the month close /open next week will give the true extent what next


Quoting Bones
the open of gbp and fall should worry bullish gbp fans ,as seen on crosses {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,579
  • Jun 27, 2016 8:26am Jun 27, 2016 8:26am
Quoting Bones
gbp itself is at support zone ,would be super bad to take it this month ,the month close /open next week will give the true extent what next {quote} {image}
So do you think it's going to continue this retrace from that low for today? I'm quite whipsawed right now.
Ubi maior minor cessat
  • #433,580
  • Jun 27, 2016 8:27am Jun 27, 2016 8:27am
Quoting Bones
gbp itself is at support zone ,would be super bad to take it this month ,the month close /open next week will give the true extent what next {quote} {image}
down much more

1.10 can be a valid target
When life gives you lemons, make lemonade
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