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Cable Update (GBPUSD)

  • #433,901
  • Jul 1, 2016 7:28am Jul 1, 2016 7:28am
Quoting Lock
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. {image}

13300 at least it has been taken out but now we have the very weak at 13289 as today preUS open tagged twice as said.
Ubi maior minor cessat
  • #433,902
  • Jul 1, 2016 7:36am Jul 1, 2016 7:36am
Quoting Lock
{quote} 13300 at least it has been taken out but now we have the very weak at 13289 as today preUS open tagged twice as said.
finally removed. I'm short at BE as before aiming at 13250. But above it's scary!! 13300 is round weak + preUS hb..
Ubi maior minor cessat
  • #433,903
  • Jul 1, 2016 7:43am Jul 1, 2016 7:43am
Quoting Lock
{quote} finally removed. I'm short at BE as before aiming at 13250. But above it's scary!! 13300 is round weak + preUS hb..

13266 is weak (back to back pit low with preUS low) and a note: pit session didn't tested yet nor overnight high at 13348 (Tokyo) nor overnight low at 13250 (London). So it is a very indecisive and lack of confidence market for now.
Ubi maior minor cessat
  • #433,904
  • Jul 1, 2016 8:00am Jul 1, 2016 8:00am
192 pips not one loss in 14 trades today- -good luck
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  • #433,905
  • Jul 1, 2016 8:03am Jul 1, 2016 8:03am
Quoting Lock
{quote} 13266 is weak (back to back pit low with preUS low) and a note: pit session didn't tested yet nor overnight high at 13348 (Tokyo) nor overnight low at 13250 (London). So it is a very indecisive and lack of confidence market for now.

Out somewhere at London low 13250 (London).I don't know if it's enogh but above is ugly up to 13339 and more but it's friday so.. I'm off. Whatever. Have a nice evening and week end everyone.

last demo results for pit session.

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Ubi maior minor cessat
  • #433,906
  • Jul 1, 2016 8:03am Jul 1, 2016 8:03am
Quoting Fader123
192 pips not one loss in 14 trades today- -good luck {image}
Very nice performance, keep up good luck.
  • #433,907
  • Jul 1, 2016 8:13am Jul 1, 2016 8:13am
Quoting arasheed
{quote} Very nice performance, keep up good luck.
Cheers- just got to keep going

Good luck!
  • #433,908
  • Jul 2, 2016 3:09pm Jul 2, 2016 3:09pm
Interesting correlation how Brexit would push stock to its new high and completely opposite recover comparing to Pound.
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Many believe investors have been trying to get the Post-Brexit stock price; in order words, we might looking at a bubble.



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  • #433,909
  • Jul 2, 2016 3:16pm Jul 2, 2016 3:16pm
Brexit news trade and 1500 pips profit in 5 hours.
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If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #433,910
  • Jul 3, 2016 7:01am Jul 3, 2016 7:01am
#GBPUSD I'm flat pound now, just watching this base setup.... keep an eye that the pound does not crack the 45D
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"W. D. Gann said that time is the most important factor among all things."
  • #433,911
  • Jul 3, 2016 8:54am Jul 3, 2016 8:54am
Looking forward to what is going to happen this week and beyond

Tuesday

Services PMI - est 53.1 Lets see how pre-Brexit jitters have affected this figure.

Carney speaks on the Financial Stability Report. This mainly deals with the strengths of UK banks- which are very well capitalized.
What effect Brexit will have - on banks - lets see what he says. Mark Carney is not the sort of person who colours his phrases. He may mention a down turn in the economy and confirming a drop in interest rates - whilst not being news could put a bearish slant on things.

Friday
NFP. Even taking into account the strike at Verizon the previous figures appeared very low. Estimates at 181K seems high to me

Politics
May and Leadsom fight for the PM position in the UK. May is looking at taking her time over article 50 (several years was mentioned). Leadsom on the other hand wants it done as soon as possible. (If and) when article 50 gets the go ahead we will be looking at a big drop. So if Leadsom gets in I would expect the pound to come off again- but we have till September to wait. If May get's in - let's wait and see as I think we need time to take full stock of where are on everything. Will there be a second referendum - I think if May gets in and if the UK goes into a heavy recession there would be increased calls for it- probably new elections will need to be called.

Analysts view:

Getting back to the shorter term - here are analysts expectations on Sterling - not good

http://www.bloomberg.com/news/articl...rms-below-1-30
  • #433,912
  • Jul 3, 2016 8:57am Jul 3, 2016 8:57am
Neutral at the moment.
  • #433,913
  • Jul 3, 2016 9:18pm Jul 3, 2016 9:18pm
Quoting arigoldman
Neutral at the moment.
long like a schlong
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Demo only
  • #433,914
  • Jul 3, 2016 11:01pm Jul 3, 2016 11:01pm
Today GB pre open recap.

 

  1. All Day USD Bank Holiday: low liquidity
  2. Right now we are in the middle of friday range(132495-133233) and at the bottom of friday GB value(13282-13314): acceptation of friday balance for now if it will open here.

above

  1. 13300 round number today Tokyo 07.04 TAG cluster: weak price level
  2. 133067 today Tokyo 07.04 poor high
  3. 133394 USpit 07.01 Friday high back to back with pre US high: composite poor high/weak

below

  1. 13281 friday GB 07.01 close Tokyo cluster: weak
  2. 132705 today Tokyo 07.04 poor low
  3. 132435 bacl to back Sydney current week low with friday SU pit low: weak

Ubi maior minor cessat
  • #433,915
  • Edited 11:56pm Jul 3, 2016 11:26pm | Edited 11:56pm
Quoting Lock
[...]
below

  1. 13281 friday GB 07.01 close Tokyo cluster: weak

note that 132705 is now, as a cluster poor low, weaker than before.

further note: very narrow range for Tokyo. Generally this could lead to a breakout or a rally but, in this low liquidity environment a possible "unfold" will be done by weak hands, then wach out(in the case) for a possible fast retracement in the opposite direction.
Carry this information forward even if it will not retrace because it could be considered by stronger hands next days.

far above we have the friday GB gap down (133235-13400): we are now in the first day after the gap and it is not so frequent to see a gap fully retraced in one day but in a low liquidity situation volatility could carry the price in a uncommon manner.
Ubi maior minor cessat
  • #433,916
  • Jul 4, 2016 12:14am Jul 4, 2016 12:14am
Currencies are Directionless since last week thursday. i am still waiting for market to wake up..
Trading Eternal...... Shiny & Chrome!!!!
  • #433,917
  • Jul 4, 2016 12:16am Jul 4, 2016 12:16am
Quoting iamawaited
Currencies are Directionless since last week thursday. i am still waiting for market to wake up..

Yes and today there is huge volatility due to low liquidity: so there is no shame in not to trade in such environment.
Ubi maior minor cessat
  • #433,918
  • Jul 4, 2016 12:18am Jul 4, 2016 12:18am
Quoting bg_sunny
{quote} long like a schlong{image}
  • #433,919
  • Jul 4, 2016 12:40am Jul 4, 2016 12:40am
Quoting Lock
...
above

  1. 13300 round number today Tokyo 07.04 TAG cluster: weak price level
  2. 133067 today Tokyo 07.04 poor high
  3. 133394 USpit 07.01 Friday high back to back with pre US high: composite poor high/weak

...

I forgot above 13349 Friday Tokyo/overnight weak high as cluster at 13350 round.

while below 132705 level is weaker and weaker.
Ubi maior minor cessat
  • #433,920
  • Edited 1:38am Jul 4, 2016 12:46am | Edited 1:38am
Quoting Lock
{quote} Yes and today there is huge volatility due to low liquidity: so there is no shame in not to trade in such environment.
No signals that is why.

Slow down trend or hot UP spike on GU... take ur pick. dont look tradeable to me.
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