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Cable Update (GBPUSD)

  • #434,921
  • Jul 22, 2016 3:32am Jul 22, 2016 3:32am
Quoting HaLBot
Hey all... Just be careful of PMI figures out in 35 minutes, theres talk of a drop of 5 points that could send Cable heading south.....
good call
  • #434,922
  • Jul 22, 2016 3:33am Jul 22, 2016 3:33am
Quoting Lock
{quote} Now, price removed the abnormal Sydney cluster at 132735 and now has just tagged the old gap down (2016.07.15) at its base 13292 that becomes weak. If this is not a fake move (only to remove weak people from the environment) the next targets are: current high at 13292 old gap down (2016.07.15) up to 13340 far above we have the Tokyo friday poor high at 134805 Note that this move comes exactly from the brexit low at 13227: It is very weak, so watch out!

...and it was fake. And the brexit low 13227has been removed immediately as you see.
Ubi maior minor cessat
  • #434,923
  • Jul 22, 2016 3:35am Jul 22, 2016 3:35am
brexit
TE started 6/4/19
  • #434,924
  • Jul 22, 2016 3:35am Jul 22, 2016 3:35am
Would like to know what caused that - was expecting it to drift off after announcement - but 90 pip spike
  • #434,925
  • Jul 22, 2016 3:36am Jul 22, 2016 3:36am
Quoting iamawaited
{quote} Hmmmm... Cable downtime b4 SkyRocket in a bit???
Kitchen Sink Spot??? I await there!!!
Trading Eternal...... Shiny & Chrome!!!!
  • #434,926
  • Jul 22, 2016 3:38am Jul 22, 2016 3:38am
Quoting mades
{quote} good call
Thanks Made....just read a news item that said Markit Services PMI could drop by 5 points....hence the 90 pips drop
Don't Leave Money on the Table
  • #434,927
  • Jul 22, 2016 3:39am Jul 22, 2016 3:39am
let's see again at 3180
  • #434,928
  • Jul 22, 2016 3:42am Jul 22, 2016 3:42am
It was services - they were crap
  • #434,929
  • Jul 22, 2016 3:43am Jul 22, 2016 3:43am
Now, I don't know if this sharp move could build more to the down (it's plenty of targets there**) But It worth to note (for the future maybe a far future, who knows?) that this action comes from a weak high at 13290 (2 pips below the old gap down) and from 13264 that is yesterday gb session high: both of them are now weak.

**targets below are:

  1. poor low for preUS yesterday session at 13163 tagged by current gb action!
  2. the poor low for wednesday gb session (13068) and a poor low for wednesday Tokyo session (130645)

Ubi maior minor cessat
  • #434,930
  • Jul 22, 2016 3:43am Jul 22, 2016 3:43am
Quoting iamawaited
{quote} Kitchen Sink Spot??? I await there!!!

Hey Iamawaited...get ready for Mad Max: The Wasteland...
Don't Leave Money on the Table
  • #434,931
  • Jul 22, 2016 3:45am Jul 22, 2016 3:45am
Quoting Lock
Now, I don't know if this sharp move could build more to the down (it's plenty of targets there**) But It worth to note (for the future maybe a far future, who knows?) that this action comes from a weak high at 13290 (2 pips below the old gap down) and from 13264 that is yesterday gb session high: both of them are now weak. **targets below are: poor low for preUS yesterday session at 13163 tagged by current gb action! the poor low for wednesday gb session (13068) and a poor low for wednesday Tokyo session (130645)

Hey Lock..Just wanted you to do something...and that is can you drop the (1) of the front of the Cable price thanks M8...we all know theres a (1) and your posts will be easier to read without it...
Don't Leave Money on the Table
  • #434,932
  • Jul 22, 2016 3:48am Jul 22, 2016 3:48am
Quoting HaLBot
{quote} Hey Iamawaited...get ready for Mad Max: The Wasteland...
been long welcome back
  • #434,933
  • Jul 22, 2016 3:50am Jul 22, 2016 3:50am
Quoting adetola99
{quote} been long welcome back

Thanks Adetola99, how are you M8?

Yes it's been a while great to see this forums going great guns...
Don't Leave Money on the Table
  • #434,934
  • Jul 22, 2016 3:58am Jul 22, 2016 3:58am
Quoting HaLBot
{quote} Hey Iamawaited...get ready for Mad Max: The Wasteland...
Lol...... The Kitchen Sink Spot shall Ride us up this fury road... We need to get there first !!!!
Trading Eternal...... Shiny & Chrome!!!!
  • #434,935
  • Jul 22, 2016 4:00am Jul 22, 2016 4:00am
Quoting iamawaited
{quote} Lol...... The Kitchen Sink Spot shall Ride us up this fury road... We need to get there first !!!!
Where is the 'Kitchen Sink Spot'????
Don't Leave Money on the Table
  • #434,936
  • Jul 22, 2016 4:01am Jul 22, 2016 4:01am
Quoting HaLBot
{quote} Hey Lock..Just wanted you to do something...and that is can you drop the (1) of the front of the Cable price thanks M8...we all know theres a (1) and your posts will be easier to read without it...
Hi HaLBot, sorry for that. I generally copy paste numbers from my notes so ... But it's ok, I'll try to do it next times.
Ubi maior minor cessat
  • #434,937
  • Jul 22, 2016 4:03am Jul 22, 2016 4:03am
So.... nibble long... and trade the fade...
  • #434,938
  • Jul 22, 2016 4:13am Jul 22, 2016 4:13am
Quoting Lock
{quote} Hi HaLBot, sorry for that. I generally copy paste numbers from my notes so ... But it's ok, I'll try to do it next times.
Cheers M8...be great if you can do that...
Don't Leave Money on the Table
  • #434,939
  • Jul 22, 2016 4:22am Jul 22, 2016 4:22am
Considering the magnitude of the move, maybe the "tone" for the day (considering that it is friday) could remain as it is now. Note the gb minus develpment of 2016 07 20 (from 3102 to 3132)
Ubi maior minor cessat
  • #434,940
  • Jul 22, 2016 4:25am Jul 22, 2016 4:25am
Quoting Lock
Now, I don't know if this sharp move could build more to the down (it's plenty of targets there**) But It worth to note (for the future maybe a far future, who knows?) that this action comes from a weak high at 13290 (2 pips below the old gap down) and from 13264 that is yesterday gb session high: both of them are now weak. **targets below are: poor low for preUS yesterday session at 13163 tagged by current gb action! the poor low for wednesday gb session (13068) and a poor low for wednesday Tokyo session (130645)
3163 taken out as yesterday gb low at 3155. Now for gb continuation down: we want to see acceptation below yesterday low.
Ubi maior minor cessat
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