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Cable Update (GBPUSD)

  • #434,641
  • Jul 18, 2016 7:11am Jul 18, 2016 7:11am
Quoting Mr. Scott
{quote} ​Hey B, Of course....Maybe we eliminate the spike and we get somewhere good there? Nice charts...I posted mine for you so far...
Hey S thanks for popping into the class ????????? regards B
  • #434,642
  • Jul 18, 2016 7:19am Jul 18, 2016 7:19am
Overnight inventory is 100% long. All the overnight activity took place above friday pit unchanged at 13184: It's possible a correction of overnight inventory. Considering also the weak zone at 13132-33. For now it's up and down preUS open. Very uncertain market as gb session.
Ubi maior minor cessat
  • #434,643
  • Jul 18, 2016 7:29am Jul 18, 2016 7:29am
Quoting Dr.Zain
{quote} Yes 2nd time i long at 3105.
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Hi Dr this was last weeks posted chart look at the top and bottom in the range now
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  • #434,644
  • Jul 18, 2016 7:32am Jul 18, 2016 7:32am
SMA50 Ping Pong - I stop for today.
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  • #434,645
  • Jul 18, 2016 7:33am Jul 18, 2016 7:33am
Quoting Dr.Zain
{quote} 3180 is yours favorite point previously
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there you go does that make sense, from a youtube taught trader ??
  • #434,646
  • Jul 18, 2016 8:18am Jul 18, 2016 8:18am
time to go long again ???
  • #434,647
  • Jul 18, 2016 8:22am Jul 18, 2016 8:22am
Quoting elbert3
time to go long again ???
we are exactly in the middle of the daily bell curve. And pit session is going to open in less then 10 min. Overnight inventory still 100% long. Bad structure below and above. So no answer for your question, for now.
Ubi maior minor cessat
  • #434,648
  • Jul 18, 2016 8:23am Jul 18, 2016 8:23am
Quoting Lock
{quote} we are exactly in the middle of the daily bell curve. And pit session is going to open in less then 10 min. Overnight inventory still 100% long. Bad structure below and above. So no answer for your question, for now.
Thanks it will answer for us
  • #434,649
  • Jul 18, 2016 8:27am Jul 18, 2016 8:27am
Quoting iamawaited
HAPPY PIPPING GUYS!!! {image}
GU is in no man's land for now. For it to gain the required momentum to crack that high very fast it needs to visit the sweetspot below the present H1 low for us to sky rocket comfortably. That is what i see. So my Earlier chart is still 99% Valid.
Trading Eternal...... Shiny & Chrome!!!!
  • #434,650
  • Jul 18, 2016 8:33am Jul 18, 2016 8:33am
Quoting csc2009
The Pound broke 1.3200 level due to ''encouraging news of Australia has already approached the UK for a free trade deal following its exit from the European Union''.
Nothing to do with this.

Bounce is due to M&A flows, with the news of the £24bn takeover of ARM Holdings by Japan's Softbank. Markets are attempting to price in whether sterling's depreciation will trigger more such flows in the coming months, as UK companies look more attractive to overseas investors.

BOE's Weale was struck a slightly more hawkish tone this morning, certainly compared to Haldane's very dovish comments on Friday.
  • #434,651
  • Jul 18, 2016 8:38am Jul 18, 2016 8:38am
Up and down open numerous times. Huge uncertainty but this zone could result overdone for this market. The current pit range is excessively narrow. It may unfold from here.
Ubi maior minor cessat
  • #434,652
  • Jul 18, 2016 8:48am Jul 18, 2016 8:48am
This brexit low at 13227 is a pain. I start to really have enough of it.
Ubi maior minor cessat
  • #434,653
  • Jul 18, 2016 9:04am Jul 18, 2016 9:04am
No news at the moment - just ranging

Its all bouncing off fib levels- just entering at extremes and exiting when things get weak

Buying around 1.322 Selling around 1.326

Tomorrow UK CPI figures- should be interesting!
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  • #434,654
  • Jul 18, 2016 9:15am Jul 18, 2016 9:15am
Now Short from earlier on today 132 750
see how it plays over the next few days
  • #434,655
  • Jul 18, 2016 9:15am Jul 18, 2016 9:15am
Pretty easy - kids are home good luck
  • #434,656
  • Jul 18, 2016 9:28am Jul 18, 2016 9:28am
Pit session is 42 pips: very very narrow range considering the volatility of these days. Watch out..
Ubi maior minor cessat
  • #434,657
  • Jul 18, 2016 10:02am Jul 18, 2016 10:02am
Quoting Lock
Pit session is 42 pips: very very narrow range considering the volatility of these days. Watch out..

..and here is the rally. Let's see if people pile on or not. Will it last? First possible target: the friday poor high. (133045)
Ubi maior minor cessat
  • #434,658
  • Jul 18, 2016 10:10am Jul 18, 2016 10:10am
Quoting Lock
{quote} ..and here is the rally. Let's see if people pile on or not. Will it last? First possible target: the friday poor high. (133045)
Taken out. For continuation I would like to see consolidation above overnight at 13292. If not watch out for a possible retracement.

Btw pit tags exactly june pit close at 133083 that is now weak...
Ubi maior minor cessat
  • #434,659
  • Jul 18, 2016 10:24am Jul 18, 2016 10:24am
Bouncing off 50% retracement now

good luck
Attached Image
  • #434,660
  • Jul 18, 2016 10:29am Jul 18, 2016 10:29am
Quoting Fader123
Bouncing off 50% retracement now good luck {image}

fader, what does that leave us?
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