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Cable Update (GBPUSD)

  • #433,801
  • Edited 12:46am Jun 30, 2016 12:05am | Edited 12:46am
Cable forecast for today..
one more little up move before the down onslaught continues.
That little cable leg up completes the cycle i am waiting for before the market will come to life.
Cable shall drop below 1.312XX very soon after that last up leg. if it stays up for longer be wary of a dirty downward SPIKE! Happy pippin!
EDIT.. THIS IS A SWEET H1 BUY SPOT.
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Trading Eternal...... Shiny & Chrome!!!!
  • #433,802
  • Jun 30, 2016 12:48am Jun 30, 2016 12:48am
Quoting Denx
{quote} Nice short there man, may share your target for long?
Hey Denx - thanks, glad its closed now, one of those once in a generation moments lol.
This long trade is a speculative trade really tops 100 pip move would be cool. But lets see.
Think after NFP the moves will become more predictable again.
  • #433,803
  • Jun 30, 2016 1:04am Jun 30, 2016 1:04am
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It seems to me, Pound is ready for new down move. I'm not sure about so seep move, but new low and move bellow 1.31 it's real for this week.
  • #433,804
  • Edited 2:16am Jun 30, 2016 2:04am | Edited 2:16am
GB opened inside yes gb range just above yes gb value. (This could mean initial acceptation of yesterday price gb range) Overnight inventory (overnight for gb) is neutral (50% above yes gb unch and 50% below it.) We are now tagging yes pit unchanged (close)
We got poor highs for Sydney (13466) and Tokyo (13455). Those are weak near refs. above
13400 and 13374 are near weak refs. below

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Ubi maior minor cessat
  • #433,805
  • Jun 30, 2016 2:17am Jun 30, 2016 2:17am
The market participants are behaving like willfully disobedient children... The price gap will be close before another leg down.
1.3580 should be the near term tgt.
I may not be right...BUT, I am never wrong
  • #433,806
  • Jun 30, 2016 2:29am Jun 30, 2016 2:29am
Quoting iamawaited
Cable forecast for today.. one more little up move before the down onslaught continues. That little cable leg up completes the cycle i am waiting for before the market will come to life. Cable shall drop below 1.312XX very soon after that last up leg. if it stays up for longer be wary of a dirty downward SPIKE! Happy pippin! EDIT.. THIS IS A SWEET H1 BUY SPOT. {image}
Seems my KITCHEN SINK TRADES on EAUD have started the 500 PIP run UP!.. Meanwhile GU is dancing up for that better sell position to take us to 1.30XX as i forecasted earlier. 29 Consecutive wins Loading on T.E. and 171 remaining to complete the project. lets see how it goes Woooh!
Trading Eternal...... Shiny & Chrome!!!!
  • #433,807
  • Jun 30, 2016 2:31am Jun 30, 2016 2:31am
Quoting Lock
GB opened inside yes gb range just above yes gb value. (This could mean initial acceptation of yesterday price gb range) Overnight inventory (overnight for gb) is neutral (50% above yes gb unch and 50% below it.) We are now tagging yes pit unchanged (close) We got poor highs for Sydney (13466) and Tokyo (13455). Those are weak near refs. above 13400 and 13374 are near weak refs. below {image}
I forgot an important data. 13424 is the base of the yesterday gb "spike" up. Now, current open is inside that spike at 13437. Generally when you open inside a spike up this could be interpreted as a good sign for buyers because that could mean acceptation of the yesterday attempt up. (at least initially) ANd the base of the spike could provide some sort of support for the same reason. Unfortunately 13424 is curently gb half back so in any case is quite weak as a reference.
Ubi maior minor cessat
  • #433,808
  • Jun 30, 2016 2:44am Jun 30, 2016 2:44am
Quoting Lock
GB opened inside yes gb range just above yes gb value. (This could mean initial acceptation of yesterday price gb range) Overnight inventory (overnight for gb) is neutral (50% above yes gb unch and 50% below it.) We are now tagging yes pit unchanged (close) We got poor highs for Sydney (13466) and Tokyo (13455). Those are weak near refs. above 13400 and 13374 are near weak refs. below {image}
Now we are testing yes gb high and we have removed Tokyo poor high, tagging now Sydney ph.

I'll be off for some hours. Have a good trading.
Ubi maior minor cessat
  • #433,809
  • Jun 30, 2016 3:30am Jun 30, 2016 3:30am
Don't know why you all think it will drop... all indicating it will rise... only reason is ECB shorts and pro's short because ECB shorts lol.

Let's see GDP in 5 minutes. Order books show huge demand for BUY not for sell... sorry boys, GBP will rise to 1.37-1.38 then a new drop could happen.

Don'T forget...lots of political talk and psycho games going on with GBP, everyone wants to drop it, so everyone's is already short.
Don't forget the queen...no one on royal house is interested to lose GBP in that status.
That explains the high volatilty on market, lots of buyers and sellers. Expect strong outbreak soon, one side will lose...heavily.
  • #433,810
  • Edited 6:33am Jun 30, 2016 6:05am | Edited 6:33am
Buy again on GU.....

Kang Gun pancen Jozz tenan.... !!!
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  • #433,811
  • Jun 30, 2016 6:20am Jun 30, 2016 6:20am
Quoting KeenPips
{quote} For me, I wonder why many FX traders feel they need to trade always, even when their bodies are aching or they are endangering their health.
To be honest even though I am waiting for support and resistance levels, I am still scalping the market. And to be honest, the amounts may be small compared to the big players out there, but I am doing enough since it is currently only passive income. And I actually feel really good.
A 1 pip gain is better than a 1 pip loss.
  • #433,812
  • Jun 30, 2016 6:42am Jun 30, 2016 6:42am
Quoting Lock
{quote} Now we are testing yes gb high and we have removed Tokyo poor high, tagging now Sydney ph. I'll be off for some hours. Have a good trading.

So after having removed the overnight high (Sydney high 13466) it went up to a round number (now weak 13500) came back to take out half back leaving a weak reference at yes unchanged (gb close at 13432) , went up again to establish e weak mid high at 13493. Then period "I" became inside bar of "H" period and from there it attempted to break down. If this goes any further the weak ref at 13432 could be taken out. If not, we could come back in to I period and eventually check the weak high at round 13500. After that we can remember that the old gap down is still in place up to 13546. Let's see.

Note that all the gb activity occurred above the yesterday spike base at 13422, that now became very weak coinciding with a previous hb for today.
Ubi maior minor cessat
  • #433,813
  • Jun 30, 2016 6:50am Jun 30, 2016 6:50am
i think the pound is heading for a disaster. it seems nigel farage is still being a dick and pretending that everything is under control. once they show him a small glimpse of the impact maybe he will be less of a dick then
When life gives you lemons, make lemonade
  • #433,814
  • Jun 30, 2016 6:52am Jun 30, 2016 6:52am
Quoting Lock
{quote} So after having removed the overnight high (Sydney high 13466) it went up to a round number (now weak 13500) came back to take out half back leaving a weak reference at yes unchanged (gb close at 13432) , went up again to establish e weak mid high at 13493. Then period "I" became inside bar of "H" period and from there it attempted to break down. If this goes any further the weak ref at 13432 could be taken out. If not, we could come back in to I period and eventually check the weak high at round 13500. After that we can remember...
taken out

Quoting Lock
{quote} ....Then period "I" became inside bar of "H" period and from there it attempted to break down. If this goes any further the weak ref at 13432 could be taken out. If not, we could come back in to I period and eventually check the weak high at round 13500. After that we can remember that the old gap down is still in place up to 13546. Let's see. Note that all the gb activity occurred above the yesterday spike base at 13422, that now became very weak coinciding with a previous hb for today.

Both taken out right now.

Consider, for the upcoming preUS & pit sessions, that the yesterday pit low at 13416 is extraordinary weak, even if gb already took them out today.
Ubi maior minor cessat
  • #433,815
  • Jun 30, 2016 7:07am Jun 30, 2016 7:07am
Quoting aeternum
{quote} To be honest even though I am waiting for support and resistance levels, I am still scalping the market. And to be honest, the amounts may be small compared to the big players out there, but I am doing enough since it is currently only passive income. And I actually feel really good.
Very good, mate. Take care of your health.
Do your homework, follow the footprints of smart money
  • #433,816
  • Jun 30, 2016 7:09am Jun 30, 2016 7:09am
Quoting Lock
{quote} Both taken out right now. Consider, for the upcoming preUS & pit sessions, that the yesterday pit low at 13416 is extraordinary weak, even if gb already took them out today.

taken out by preUS. Idon't know if we can consider it taken out also "at a pit session level"

General note: structure below and above current price activity is ugly. Big news coming next hours. Price is up and down open at any session: huge uncertainty. Full balance for now. Narrow range. Only weak money involved in this market for days.

below
13432 is weak as yesterday preUS open + current preUS half back.
13400 is gb round weak low


above
13454 is poor high.
13500 is weak as RN for gb and yes pit.

Pit gap below untill 13392 still in place as support.(for now)
Ubi maior minor cessat
  • #433,817
  • Jun 30, 2016 8:11am Jun 30, 2016 8:11am
Quoting Lock
{quote} taken out by preUS. Idon't know if we can consider it taken out also "at a pit session level" General note: structure below and above current price activity is ugly. Big news coming next hours. Price is up and down open at any session: huge uncertainty. Full balance for now. Narrow range. Only weak money involved in this market for days. below 13432 is weak as yesterday preUS open + current preUS half back. 13400 is gb round weak low above 13454 is poor high. 13500 is weak as RN for gb and yes pit. Pit gap below untill 13392 still...
13432 taken out but now 13422 is weak as yes pit unch plus today preUS open.
taken out too right after.
Note that all this action took place from 2 pips below 13479 that is yesterday pit open: only to say and confirm that current market is controlled by weak hands. So in any case, even if it could offer big opportunities it is not a secure and confident environment.

Now also 13400 gb weak low has been taken out
Ubi maior minor cessat
  • #433,818
  • Jun 30, 2016 8:26am Jun 30, 2016 8:26am
Hi all

Nice wedge on 1H, see where this goes?
FREEDOM IS SECURITY.
  • #433,819
  • Jun 30, 2016 8:38am Jun 30, 2016 8:38am
Quoting KeenPips
{quote} Very good, mate. Take care of your health.
Feeling good so far. But definitely will. Hope you do too and make green pips.
A 1 pip gain is better than a 1 pip loss.
  • #433,820
  • Edited 10:02am Jun 30, 2016 8:39am | Edited 10:02am
Quoting hippiedog
Hi all Nice wedge on 1H, see where this goes?

Really don't know: bad things below, bad things above.. Pit opened with a gap lower, then retraced it and is now back into yes pit range(current pit high is 2 pips below yes unch at 13424 and 1 pip below today preUS open!!), but the gap up from yesterday has been taken out for 1 pip right above 13392 that is now weak. SO: a very great confusion and a clear lack of confidence in this market.

Attached Image (click to enlarge)
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Quoting Lock
{quote} Really don't know: bad things below, bad things above.. Pit opened with a gap lower, then retraced it and is now back into yes pit range(current pit high is 2 pips below yes unch at 13424 and 1 pip below today preUS open!!), but the gap up from yesterday has been taken out for 1 pip right above 13392 that is now weak. SO: a very great confusion and a clear lack of confidence in this market. {image}

US pit poor low.
And that the two last pit profile POCs are prominents. If it goes down those could be possible targets.
POC=point of control
Ubi maior minor cessat
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