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Cable Update (GBPUSD)

  • #433,881
  • Jul 1, 2016 7:27am Jul 1, 2016 7:27am
Quoting hippiedog
{quote} Thanks.I agree.I think unstable now until ISM manufacturing PMI and then any break to the down side will be short lived, although possibly volatile.possible fakey on 4H on its way this afternoon.

Also note that current pre US opened inside yes pit range and inside yes pit value: so for now there is acceptation of yesterday price and we are still up and down(edit) current pre US open (13289). Anyway the range is very narrow and it could break at any moment if something happens.
Ubi maior minor cessat
  • #433,882
  • Jul 1, 2016 7:54am Jul 1, 2016 7:54am
Quoting Devart
{quote} Hi, I think is more LONG {image}
short tp was hit @ 1.326
+55 pips

don't have any positions now

edit: I think it won't hold @ 1.33 but we will see
  • #433,883
  • Jul 1, 2016 8:18am Jul 1, 2016 8:18am
Quoting el_duende
As you can see from my 30 min chart i'm still short at 1.3320, I figure further downside toward 1.32. {image}
Lol ,😂sorry Lock could not help it
  • #433,884
  • Jul 1, 2016 8:21am Jul 1, 2016 8:21am
the weather here is up and down to . Heavy rain with some sunny periods leading to a heat wave with the possibility of some snow . Just don't know what to wear ?
  • #433,885
  • Jul 1, 2016 8:23am Jul 1, 2016 8:23am
FOR THE ISM manufacturing PMI:
IF NUMBERS ARE RED, BUY. 20 PIPS
IF NUMBERS ARE GREEN, SELL. 20 PIPS
FREEDOM IS SECURITY.
  • #433,886
  • Jul 1, 2016 8:34am Jul 1, 2016 8:34am
I'm out for the weekend, it's 11.30pm here in Australia. Had a good night, 3 separate trades 1st for 34 pips, 2nd for 32 pips and 3rd for 21 pips....

Have a profitable US session and a great weekend fellow Cable traders......
Don't Leave Money on the Table
  • #433,887
  • Jul 1, 2016 8:35am Jul 1, 2016 8:35am
Quoting HaLBot
I'm out for the weekend, it's 11.30pm here in Australia. Had a good night, 3 separate trades 1st for 34 pips, 2nd for 32 pips and 3rd for 21 pips.... Have a profitable US session and a great weekend fellow Cable traders......
cheers halbot.
FREEDOM IS SECURITY.
  • #433,888
  • Jul 1, 2016 8:38am Jul 1, 2016 8:38am
Quoting hippiedog
FOR THE ISM manufacturing PMI: IF NUMBERS ARE RED, BUY. 20 PIPS IF NUMBERS ARE GREEN, SELL. 20 PIPS
Might see the reason for the fed not wanting to put up their rates might be bigger red numbers than thought ??? If so more than 20 pip move .would like to see profit takings by the boys too . Regards
  • #433,889
  • Jul 1, 2016 8:38am Jul 1, 2016 8:38am
I should have seen Carney's rate cut coming - anyway at least it added some volatility to the market

Although I have had 14/14 wins today- don't ask me how pure luck I think.
  • #433,890
  • Jul 1, 2016 8:44am Jul 1, 2016 8:44am
Quoting HaLBot
I'm out for the weekend, it's 11.30pm here in Australia. Had a good night, 3 separate trades 1st for 34 pips, 2nd for 32 pips and 3rd for 21 pips.... Have a profitable US session and a great weekend fellow Cable traders......

  • #433,891
  • Jul 1, 2016 8:46am Jul 1, 2016 8:46am
Quoting elbert3
{quote} Might see the reason for the fed not wanting to put up their rates might be bigger red numbers than thought ??? If so more than 20 pip move .would like to see profit takings by the boys too . Regards
I am taking this very carefully at the moment.
Although I trade 1H and 4H I have turned to daily for the majority of this tide with gbp...
Just adding daily gbp midnight... and small scalping through out the day.
Will continue to add daily for upper BB 20/1 on Daily...
My short term view for this pair 1H.. upper tl?
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FREEDOM IS SECURITY.
  • #433,892
  • Jul 1, 2016 8:46am Jul 1, 2016 8:46am
Quoting Lock
{quote} A visual update 1 hour before preUS open.

GB very narrow range. period m30 H is inside G: possible break up or down from here.

above

 

  1. GB open with a gap lower: not retraced up to now.
  2. poor high for Tokyo 13348 and GB 13325.
  3. Above we have yesterday pit session minus development up to 13395.


below

  1. GB low is weak as round

...

So, we had the break out and price went up. First weak level corrected (GB 13325).<<sorry it is GB obviously and not Tokyo yet.
13338 is now weak.
below we have a very bad 13289 as today preUS open tagged twice. So, I'm carrying this information forward.

The advantage to have a knowledge of the possible targets above and below is pretty clear I think. Following what I learned from my mentor, I generally have at least 3 plans to execute. I cannot forecast what is going to happen for sure, I can only evaluate the odds analyzing market data and then prepare myself for different possible solutions.
Ubi maior minor cessat
  • #433,893
  • Jul 1, 2016 8:51am Jul 1, 2016 8:51am
Quoting Lock
{quote} So, we had the break out and price went up. First weak level corrected (Tokyo 13348). 13338 is now weak. below we have a very bad 13289 as today preUS open tagged twice. So, I'm carrying this information forward. The advantage to have a knowledge of the possible targets above and below is pretty clear I think. Following what I learned from my mentor, I generally have at least 3 plans to execute. I cannot forecast what is going to happen for sure, I can only evaluate the odds analyzing market data and then prepare myself for different possible...
Sorry but I have to ask this . Are you on a trade long or short as I can't keep up , regards E
  • #433,894
  • Jul 1, 2016 9:02am Jul 1, 2016 9:02am
Traffic lights.... waist of time...
Im remaining bullish..
Guys im done for today..
Have good weekend..
Cheers
FREEDOM IS SECURITY.
  • #433,895
  • Jul 1, 2016 9:04am Jul 1, 2016 9:04am
Quoting elbert3
{quote} Sorry but I have to ask this . Are you on a trade long or short as I can't keep up , regards E

Long for now. If it will go above 13348 (Tokyo high) and if it will not be able to take out the minus development up to 13393 level, I will evaluate. My stop anyway is at BE because I'm very unsecure of this move up considering the startin weak point at 13289 and the very weak gb low at 13249.
Ubi maior minor cessat
  • #433,896
  • Jul 1, 2016 9:05am Jul 1, 2016 9:05am
Quoting Lock
{quote} Long for now. If it will go above 13348 (Tokyo high) and if it will not be able to take out the minus development up to 13393 level, I will evaluate. My stop anyway is at BE because I'm very unsecure of this move up considering the startin weak point at 13289 and the very weak gb low at 13249.
plus now 13316 is poor low for the current pit session. So, let's see. But I don't like it very much for now.
Ubi maior minor cessat
  • #433,897
  • Jul 1, 2016 9:08am Jul 1, 2016 9:08am
Quoting Lock
{quote} plus now 13316 is poor low for the current pit session. So, let's see. But I don't like it very much for now.
Thanks , regards
  • #433,898
  • Jul 1, 2016 9:09am Jul 1, 2016 9:09am
Quoting elbert3
{quote} Thanks , regards

You're welcome! Have a nice trading and regards.
Ubi maior minor cessat
  • #433,899
  • Jul 1, 2016 9:16am Jul 1, 2016 9:16am
Flat now. Very bad everywhere up and down. above 13339 very weak (pit poor high Back to back with preUS high).
Current pit low13300 round plus preUS half back: very weak. Really don't now and not involved in this for now.

These are my demo pos. during pit session (mirror of my real with different lots): not proud at all of it, I'm overtrading and I'm doing it during friday.

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Ubi maior minor cessat
  • #433,900
  • Jul 1, 2016 9:25am Jul 1, 2016 9:25am
Here is how I read the market- might be useful to some people
Mainly use it for scalping


good luck
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