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Cable Update (GBPUSD)

  • #434,701
  • Jul 19, 2016 3:36am Jul 19, 2016 3:36am
Much of this inflation data was collected pre BREXIT. I´m still looking at this scenario

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  • #434,702
  • Jul 19, 2016 3:49am Jul 19, 2016 3:49am
if most of inflation data is pre brexit, with now gbp depreciated quite a bit, would the inflation picture be even worse next time around?
  • #434,703
  • Jul 19, 2016 3:59am Jul 19, 2016 3:59am
Quoting Lock
{quote} yes low corrected by C but still up and down that level: I don't like this at all.

I confirm I don't like this market at all: C was not able to stay belo early morning low, then goes up and down yesterday low, finally with the news D went up coming back into yesterday range only to see a new rejection right below yes open at 13223. So what? It's now filling the old gap (filling it with volume I mean) and we have a weak low at 131865 taht is as anyone know, the yesterday low.
Ubi maior minor cessat
  • #434,704
  • Jul 19, 2016 4:06am Jul 19, 2016 4:06am
and a head and shoulders forming on 1h timeframe.
  • #434,705
  • Jul 19, 2016 4:11am Jul 19, 2016 4:11am
Quoting Lukex
and a head and shoulders forming on 1h timeframe.
All my shorts closed at the neckline. I have entered long at 1.3180 playing the busted pattern.

Good risk:reward ratio so worth the specualtive long.
  • #434,706
  • Jul 19, 2016 4:12am Jul 19, 2016 4:12am
I'm just Follow The Train....

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  • #434,707
  • Jul 19, 2016 4:19am Jul 19, 2016 4:19am
Quoting Lock
{quote} I confirm I don't like this market at all: C was not able to stay belo early morning low, then goes up and down yesterday low, finally with the news D went up coming back into yesterday range only to see a new rejection right below yes open at 13223. So what? It's now filling the old gap (filling it with volume I mean) and we have a weak low at 131865 taht is as anyone know, the yesterday low.

I know, because I'm seeing it, that it's filling The old gap from 131865 to 132055 and then, after that, we can have 2 scenarios: remain here building a gap down for the upcoming us session or coming back again yes gb session going up to the opposite side of its range as said here:

Quoting Lock
By now gb corrected brexit low and went down, rejecting yesterday range. For a gb continuation down we need a confirmation below overnight low (132045) If up and down that level: not a good sign for continuation. Edit: and consider also that Sydney low at 131865 was also yesterday day low, so up and down this level is a sign of uncertainty for the current break down from balance. (Yesterday was inside friday range: so we are now in a break down attempt from that balance and if it fails the target is the opposite side of that range)
Ubi maior minor cessat
  • #434,708
  • Jul 19, 2016 4:33am Jul 19, 2016 4:33am
i am strong sell gbpusd
  • #434,709
  • Jul 19, 2016 4:40am Jul 19, 2016 4:40am
wtf is with this pair today again, acts like eu, ranging like crazy. London sessions are becoming a complete joke.
  • #434,710
  • Jul 19, 2016 4:58am Jul 19, 2016 4:58am
Quoting mades
wtf is with this pair today again, acts like eu, ranging like crazy. London sessions are becoming a complete joke.

2 days of range after a liquidation of 350 pips, now filling an old gap.
Ubi maior minor cessat
  • #434,711
  • Jul 19, 2016 5:03am Jul 19, 2016 5:03am
Quoting mades
wtf is with this pair today again, acts like eu, ranging like crazy. London sessions are becoming a complete joke.
sane traders like yourself with proper money management that take reasonable risk reward ratio hate this ranging markets.
I come from the opposite camp with insane leverage and high risk trades, I just adore this range trading and hate breakouts.
  • #434,712
  • Jul 19, 2016 5:21am Jul 19, 2016 5:21am
Bearish on the Sterling.
  • #434,713
  • Jul 19, 2016 5:45am Jul 19, 2016 5:45am
I think i will remove the 10.00-15.00 cet period from my daytrading. It's ridiculous, either the market moves first 2 hours of Frankfurt/London open, or last 2-4 hours of London close + NYC afternoon. No wonder strategies like "London close" are starting to float around.
  • #434,714
  • Edited 6:06am Jul 19, 2016 5:46am | Edited 6:06am
132 750 yesterday
Holding short positions.
See how it plays out.
  • #434,715
  • Jul 19, 2016 5:51am Jul 19, 2016 5:51am
Quoting Lock
{quote} I know, because I'm seeing it, that it's filling The old gap from 131865 to 132055 and then, after that, we can have 2 scenarios: remain here building a gap down for the upcoming us session or coming back again yes gb session going up to the opposite side of its range as said here: {quote}
By now, after athe filling of the old gap is now building the gap for the upcoming us session. Will the gb session be able to preserve it untill then?

above 13200 is weak
Ubi maior minor cessat
  • #434,716
  • Jul 19, 2016 6:11am Jul 19, 2016 6:11am
Quoting Lock
{quote} By now, after athe filling of the old gap is now building the gap for the upcoming us session. Will the gb session be able to preserve it untill then? above 13200 is weak
lock are you saying gbpusd higher from here?
  • #434,717
  • Jul 19, 2016 6:18am Jul 19, 2016 6:18am
Will look for something like this. Already shorted this down to the neck line and have closed all positions.
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  • #434,718
  • Jul 19, 2016 6:19am Jul 19, 2016 6:19am
Quoting Shoezgal
{quote} lock are you saying gbpusd higher from here?

No: I'm saying that current gb session is building a gap below yesterday pit session (its low is at 132185). If this gap will remain untill the opening of the us session there is the concrete possibility to continue down to the previous us targets at 13132 level. If instead gb is not able to build this gap and preserve it, then the scenario changes and the upper references could become part of the game for today.
Ubi maior minor cessat
  • #434,719
  • Jul 19, 2016 6:19am Jul 19, 2016 6:19am
my first target...1.313xx
  • #434,720
  • Jul 19, 2016 6:39am Jul 19, 2016 6:39am
Quoting Lock
{quote} No: I'm saying that current gb session is building a gap below yesterday pit session (its low is at 132185). If this gap will remain untill the opening of the us session there is the concrete possibility to continue down to the previous us targets at 13132 level. If instead gb is not able to build this gap and preserve it, then the scenario changes and the upper references could become part of the game for today.

After that (if the gap will be) and after the possible test of the 13132 level we have the big old us gap up taht ranges from 13014 to, as said, 13131. This could be filled if us session has enough strenght.
Ubi maior minor cessat
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