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Cable Update (GBPUSD)

  • #434,881
  • Edited 8:25am Jul 21, 2016 7:51am | Edited 8:25am
Quoting Lock
{quote} current move: period B from open price 131728 to yesterday unchanged pit price (pit close)132038 !!!! while gb session was coming down from its open at 132585 !! It's an incredible weak market made only of exact references!
obviously taken out!

and now again at yesterday unchanged pit price (pit close)132038

and then down again to build a poor low at 13163!
Ubi maior minor cessat
  • #434,882
  • Jul 21, 2016 8:28am Jul 21, 2016 8:28am
come on buyers just took a long again 3180 what are they waiting for ? It's like the big buyers are buying up small lots and getting out of their short positions ?
  • #434,883
  • Jul 21, 2016 8:32am Jul 21, 2016 8:32am
Quoting elbert3
come on buyers just took a long again 3180 what are they waiting for ? It's like the big buyers are buying up small lots and getting out of their short positions ?
There is nobody here. Pit session opened at the same price of pre US session of today and of yesterday: a very very rare combination. It's totally weak. It can go anyway up or down and maybe for some space but there is nobody in this market.
Ubi maior minor cessat
  • #434,884
  • Jul 21, 2016 8:33am Jul 21, 2016 8:33am
Seems there is a triangle pattern here
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  • #434,885
  • Edited 9:20am Jul 21, 2016 8:45am | Edited 9:20am
Quoting Lock
{quote} obviously taken out! and now again at yesterday unchanged pit price (pit close)132038 and then down again to build a poor low at 13163!

Good Lord! What a surprise!!


...13187 pit half back... while above round 13200..

see you later nobody here for now...

update 16:18 +1gmt :

  1. 13187 taken out and then
  2. 13200 taken out and then
  3. Again at brexit low!!! (now ultra weak) and tagged yesterday high!!

Ubi maior minor cessat
  • #434,886
  • Jul 21, 2016 9:28am Jul 21, 2016 9:28am
Quoting iamawaited
{quote} Common GU... more pips down then we can go for the 500 pip sky high Kitchen Sinker!!!!! HOPEFULLY {image}
Common GU i am waiting for u at the kitchen sink spot!!!!
Trading Eternal...... Shiny & Chrome!!!!
  • #434,887
  • Jul 21, 2016 9:55am Jul 21, 2016 9:55am
Quoting iamawaited
{quote} Common GU i am waiting for u at the kitchen sink spot!!!!
real talk sire,once pivot at 1.3166 gets broken downward, the kitchen sink could be hit
  • #434,888
  • Jul 21, 2016 10:01am Jul 21, 2016 10:01am
C inside bar of B. Go with the break out if any.
Ubi maior minor cessat
  • #434,889
  • Jul 21, 2016 10:03am Jul 21, 2016 10:03am
Quoting Lock
C inside bar of B. Go with the break out if any.
and if it fails target opposite side of the balance.. Note that we are again at the brexit low that now is incredibly weak. Plus poor high. plus yessterday pit high TAG.. Anyway watch out: this market is extraordinary insecure and tricky because there are no strong money in it.
Ubi maior minor cessat
  • #434,890
  • Jul 21, 2016 10:07am Jul 21, 2016 10:07am
last 2 minutes of an hour 30 pip
  • #434,891
  • Jul 21, 2016 10:15am Jul 21, 2016 10:15am
Quoting Lock
{quote} and if it fails target opposite side of the balance.. Note that we are again at the brexit low that now is incredibly weak. Plus poor high. plus yessterday pit high TAG.. Anyway watch out: this market is extraordinary insecure and tricky because there are no strong money in it.

break out attempt, brexit low taken out, now aiming at gb session open at 132586 plus far above at the multi Sydney cluster at 132735. Now we are at June gb close. Very weak.
Ubi maior minor cessat
  • #434,892
  • Jul 21, 2016 10:36am Jul 21, 2016 10:36am
Quoting yuddy
{quote} real talk sire,once pivot at 1.3166 gets broken downward, the kitchen sink could be hit
Cool... Lol....I am still waiting though. Cant trade it unless it comes down to the spot. Anything else apart from that to me are just random moves.
Trading Eternal...... Shiny & Chrome!!!!
  • #434,893
  • Edited 11:16am Jul 21, 2016 10:46am | Edited 11:16am
Quoting Lock
{quote} and if it fails target opposite side of the balance.. Note that we are again at the brexit low that now is incredibly weak. Plus poor high. plus yessterday pit high TAG.. Anyway watch out: this market is extraordinary insecure and tricky because there are no strong money in it.
Technically the attempted break out is failed.
So the target should be now, as said, the opposite side of the balance (period C low at 131785)
But note: we come from an ugly weak ref above (june gb low) and we are up and down yesterday unchange.
So even if all these positions are licit, in this environment a good option could be not to trade. And there is no shame in this approach.
Anyway below we have 13200 round number and also the preUS poor low at 13163 and all the other weak references already noted in previous posts.

I'm off. Final note update at 18:14 +1gmt: brexit low tagged again. So now above we have a couple of very bad weak refs. and current pit value is building higher. Maybe I should resist and wait but I'm too tired. So have a nice trading everyone.
Ubi maior minor cessat
  • #434,894
  • Jul 21, 2016 12:13pm Jul 21, 2016 12:13pm
Quoting Lock
{quote} Technically the attempted break out is failed. So the target should be now, as said, the opposite side of the balance (period C low at 131785) But note: we come from an ugly weak ref above (june gb low) and we are up and down yesterday unchange. So even if all these positions are licit, in this environment a good option could be not to trade. And there is no shame in this approach. Anyway below we have 13200 round number and also the preUS poor low at 13163 and all the other weak references already noted in previous posts. I'm off. Final...
as you said TRicky markets hey - but not impossible to trade ..
  • #434,895
  • Jul 21, 2016 12:16pm Jul 21, 2016 12:16pm
In my opinion of GU, GU still downtrend for weekly and daily chart.
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  • #434,896
  • Jul 21, 2016 5:03pm Jul 21, 2016 5:03pm
Think UK PMI services and certainly manufacturing estimates are too low
  • #434,897
  • Jul 21, 2016 8:03pm Jul 21, 2016 8:03pm
Quoting Devart
Seems there is a triangle pattern here {image} {image}
....
Attached Image
  • #434,898
  • Jul 21, 2016 8:09pm Jul 21, 2016 8:09pm
Looking for a break of this descending TL to take out yesterdays high (1.3274)
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  • #434,899
  • Jul 21, 2016 8:21pm Jul 21, 2016 8:21pm
Quoting RBlackburn
Looking for a break of this descending TL to take out yesterdays high (1.3274) {image}
4HR Still medium term bullish IMO
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  • #434,900
  • Jul 21, 2016 11:04pm Jul 21, 2016 11:04pm
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Today GBPUSD may rocket to test 1.33000

What? PMI will rock
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