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Cable Update (GBPUSD)

  • #434,741
  • Jul 19, 2016 9:40am Jul 19, 2016 9:40am
Quoting Lock
{quote} it's only a portion of time conventionally called pit session. (it's a definition coming from floor trading environment) It starts 1 hour and a half after Us session open. To visualize it you may use a market profile tool or a session colored tool. You may find one here if you like. But there are a lot to choose in that thread.
Thanks, will go through about this and clear my mind
  • #434,742
  • Edited 10:00am Jul 19, 2016 9:48am | Edited 10:00am
Too many efforts to take out 13140. It is very very weak. But watch out for a possible retracement after that.
Ubi maior minor cessat
  • #434,743
  • Jul 19, 2016 10:08am Jul 19, 2016 10:08am
Quoting Lock
Too many efforts to take out 13140. It is very very weak. But watch out for a possible retracement after that.

taken out and then the retracement... Will it last to retest 13104: I don't know.
Ubi maior minor cessat
  • #434,744
  • Jul 19, 2016 10:14am Jul 19, 2016 10:14am
If something bigger will happen maybe it's better to remember the multipass pit gap down starting at 13095. After that we have only the single pass old gap up, down to 130145 but is very far from here.

What a tricky market isn't it?
Ubi maior minor cessat
  • #434,745
  • Jul 19, 2016 10:20am Jul 19, 2016 10:20am
Quoting iamawaited
Here is forecast of GU for today. GL and happy pipping! {image}
So GU followed the forecast this morning exactly but it has not found bottom yet. it needs to find 2 bottoms before we can sky rocket!!!!
HAPPY PIPPIN''''
Trading Eternal...... Shiny & Chrome!!!!
  • #434,746
  • Jul 19, 2016 10:32am Jul 19, 2016 10:32am
Quoting Lock
If something bigger will happen maybe it's better to remember the multipass pit gap down starting at 13095. After that we have only the single pass old gap up, down to 130145 but is very far from here. What a tricky market isn't it?

This is the fifth m30 period up and down open price at 131396 (13140 level): huge uncertainty in this market.
Ubi maior minor cessat
  • #434,747
  • Jul 19, 2016 10:54am Jul 19, 2016 10:54am
48pips: exceptionally narrow range for this pit session. It could unfold from here. But it is not an easy game at all.
Ubi maior minor cessat
  • #434,748
  • Jul 19, 2016 11:09am Jul 19, 2016 11:09am
Quoting Lock
48pips: exceptionally narrow range for this pit session. It could unfold from here. But it is not an easy game at all.
...and here you are.

Quoting Lock
If something bigger will happen maybe it's better to remember the multipass pit gap down starting at 13095. After that we have only the single pass old gap up, down to 130145 but is very far from here. What a tricky market isn't it?
the USpit-GAP-down of 2016.07.04 starting at 13095 has been taken out too for some pips.


and now: I don't know!
Ubi maior minor cessat
  • #434,749
  • Jul 19, 2016 11:22am Jul 19, 2016 11:22am
Quoting Lock
If something bigger will happen maybe it's better to remember the multipass pit gap down starting at 13095. After that we have only the single pass old gap up, down to 130145 but is very far from here. What a tricky market isn't it?
Tricky is a good word.
  • #434,750
  • Jul 19, 2016 11:34am Jul 19, 2016 11:34am
Quoting dean1star
{quote} Tricky is a good word.

Yes it really is and today exhausted me...Maybe it is better if I quit... "a good man should know his limitations"

...but in the meanwhile 13100 becomes weak! ...Ok, I'm joking (but it's true that it's weak..)


....13120 is pit half back so it is weak too.

I'm out: have a nice trading averyone!
Ubi maior minor cessat
  • #434,751
  • Jul 19, 2016 11:46am Jul 19, 2016 11:46am
still in trade ...
Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 266 KB
Work Hard In Silence, Let Your Success Be Your Noise.
  • #434,752
  • Jul 19, 2016 11:49am Jul 19, 2016 11:49am
Bear trap is forming.
Gbp now is politically driven currency, when news override technical analysis.

Everyone is bearish now, which sometimes end up badly for crowd.
  • #434,753
  • Jul 19, 2016 11:52am Jul 19, 2016 11:52am
Quoting Lock
{quote} Yes it really is and today exhausted me...Maybe it is better if I quit... "a good man should know his limitations" ...but in the meanwhile 13100 becomes weak! ...Ok, I'm joking (but it's true that it's weak..) ....13120 is pit half back so it is weak too. I'm out: have a nice trading averyone!
What's happened ? Flipped short to long 3180 as the news was green ? So just took the same as last week 3111 . Thought I would of come out of the meeting at 3400 ?
  • #434,754
  • Jul 19, 2016 12:41pm Jul 19, 2016 12:41pm
Quoting Lock
{quote} Yes it really is and today exhausted me...Maybe it is better if I quit... "a good man should know his limitations" ...but in the meanwhile 13100 becomes weak! ...Ok, I'm joking (but it's true that it's weak..) ....13120 is pit half back so it is weak too. I'm out: have a nice trading averyone!
Well staying short from yesterday, so see how it plays tomorrow.
  • #434,755
  • Jul 19, 2016 1:37pm Jul 19, 2016 1:37pm
This is exactly how brexit looks now
May's job is to fail brexit while not deny it.
Thats why these appointments happen,the whole idea is designed to fail.
Attached Image
  • #434,756
  • Jul 19, 2016 6:30pm Jul 19, 2016 6:30pm
The GBPUSD may try to go back up where the 1.3532 zone may act as resistance. To the downside, the 1.2800 level may act once again as support.
  • #434,757
  • Jul 19, 2016 10:40pm Jul 19, 2016 10:40pm
Good morning. TP 1.31820.
@ 1.308 with stacked buy orders @ 1.307. 306. 305. 304. 303. 302. 301. 300 same TP. Green pips.
FREEDOM IS SECURITY.
  • #434,758
  • Jul 19, 2016 11:17pm Jul 19, 2016 11:17pm
Quoting hippiedog
Good morning. TP 1.31820. @ 1.308 with stacked buy orders @ 1.307. 306. 305. 304. 303. 302. 301. 300 same TP. Green pips.
Hey how confident are you on these numbers?

I have longs also and targeting same TP area around 1.3800.
20 Pips a day keeps centerlink away
  • #434,759
  • Jul 19, 2016 11:20pm Jul 19, 2016 11:20pm
Hi everyone!
I think GbpUsd will test level 1.2950 & 1.28. If I Entry that level, See you right? Thank!
  • #434,760
  • Edited Jul 20, 2016 12:23am Jul 19, 2016 11:46pm | Edited Jul 20, 2016 12:23am
Quoting PaulDaemon
{quote} Hey how confident are you on these numbers? I have longs also and targeting same TP area around 1.3800.
Confident. Next major buy on this signal I have is 1.2961 on 5 min and 1.2978 on 1H with same TP target.See what ABC nonsense London dishes out in a moment.
FREEDOM IS SECURITY.
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