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Cable Update (GBPUSD)

  • #434,941
  • Jul 22, 2016 2:29am Jul 22, 2016 2:29am
Already called the run of yesterday's high during asia
Reversed at 80 now buying yesterday's low
  • #434,942
  • Jul 22, 2016 2:35am Jul 22, 2016 2:35am
Usually take around an hour to an hour and a half before markets start to recover from large fall

Selling pressure looks to have subsided a bit - thinking of going long
  • #434,943
  • Jul 22, 2016 2:38am Jul 22, 2016 2:38am
All the analysts and experts are shouting for Armageddon and 0.50 rate cute. The BBC front page news our economy is shot and the GBP will collapse.

Makes me wary when every man and their dog are calling to short the market.
  • #434,944
  • Jul 22, 2016 2:44am Jul 22, 2016 2:44am
aww i'm sleep can't close order
when up = snail
when down = rocket

  • #434,945
  • Jul 22, 2016 2:47am Jul 22, 2016 2:47am
Quoting Fader123
Usually take around an hour to an hour and a half before markets start to recover from large fall Selling pressure looks to have subsided a bit - thinking of going long

Think I will keep my gob shut
  • #434,946
  • Jul 22, 2016 2:49am Jul 22, 2016 2:49am
Quoting Lock
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 development of 2016 07 20 (from 3102 to 3132)
We went inside the minus development taking out a half of it by now. I would like to see all that weak zone refilled as soon as possible and price remains at least below yesterday low at 3155 for continuation down.

Note that below the 07.20 gb poor low at 3078 we have the old multi pass GB-GAP-down of 2016.07.05 - down to 30465.
And between them, as said, there is the tokyo poor low of 07.20 at 30645
Ubi maior minor cessat
  • #434,947
  • Jul 22, 2016 3:02am Jul 22, 2016 3:02am
Further note: price initially interrupted its action some pips above the very important "go no go" level at 31187 (Pit big bracket low), and it is now tagging it again. And now we have a poor gb low right here.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 25 KB
Ubi maior minor cessat
  • #434,948
  • Jul 22, 2016 3:15am Jul 22, 2016 3:15am
done for today 40pips up
  • #434,949
  • Jul 22, 2016 3:18am Jul 22, 2016 3:18am
Bulls and Bears are fighting it out just now, price not moving much but volume steady....can the Bulls regain control???
Don't Leave Money on the Table
  • #434,950
  • Jul 22, 2016 3:19am Jul 22, 2016 3:19am
Quoting adetola99
done for today 40pips up

Nice one Adetola99...enjoy the weekend..
Don't Leave Money on the Table
  • #434,951
  • Jul 22, 2016 3:28am Jul 22, 2016 3:28am
Quoting iamawaited
{quote} Kitchen Sink Spot??? I await there!!!
few more pips to the kitchen sink, and we might be washing gbpusd off the ground dust, meanwhile sellers have a good party, 60 more pips to the close of the sell shops.
  • #434,952
  • Jul 22, 2016 3:44am Jul 22, 2016 3:44am
GBP/USD orders of the forexlive.com website, bids at 3200 will it hold?? I don't think so being friday unless other market moving news comes out but could be wrong.

http://orders.forexlive.com/!/gbpusd...-july-20160722
Don't Leave Money on the Table
  • #434,953
  • Jul 22, 2016 3:47am Jul 22, 2016 3:47am
Quoting Lock
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)
Now all taken out.
Current 3100 round number should be considered weak as a gb low (specially for this huge gb session).
Ubi maior minor cessat
  • #434,954
  • Jul 22, 2016 3:49am Jul 22, 2016 3:49am
Quoting HaLBot
{quote} Nice one Adetola99...enjoy the weekend..
  • #434,955
  • Jul 22, 2016 3:51am Jul 22, 2016 3:51am
Quoting Mayly-May
aww i'm sleep can't close order when up = snail when down = rocket
The bulls go up the stairs;
The bears go out the windows...
  • #434,956
  • Jul 22, 2016 3:51am Jul 22, 2016 3:51am
Streamhedge FX Golden Level Signals

Important: Not all trades can or need to be winners in order to make money in the markets.

Price Level for a GBP Long
https://www.tradingview.com/x/cvLNaBeN/

Recently released manufacturing and services GBP news is pushing the pair back down to the lower edge of its intermediate range at around 1.3070. The 1.3000 price level which exists slightly below the range was very well respected by price both from the long and short side toward the beginning of July, forming a cup pattern. In addition, a trend line is lining up sharply with this level. This is an important zone as it present both a short-term and long-term pivot. The ultimate direction of the pair will most likely be determined around this point. Any long initiated on Friday should only be considered a scalp. Otherwise, this is an important level to consider at next week's open.
  • #434,957
  • Jul 22, 2016 3:52am Jul 22, 2016 3:52am
Quoting Lock
{quote} Now all taken out. Current 3100 round number should be considered weak as a gb low (specially for this huge gb session).
taken out.
Ubi maior minor cessat
  • #434,958
  • Jul 22, 2016 4:00am Jul 22, 2016 4:00am
Quoting Lock
Further note: price initially interrupted its action some pips above the very important "go no go" level at 31187 (Pit big bracket low), and it is now tagging it again. And now we have a poor gb low right here. {image}
Good chart there Lock - interesting.
Closed the long on - 55 pips at close of the one hour candle.
  • #434,959
  • Jul 22, 2016 4:22am Jul 22, 2016 4:22am
Quoting RBlackburn
Already called the run of yesterday's high during asia Reversed at 80 now buying yesterday's low
Yes scalped short from news and long back to 3180
  • #434,960
  • Jul 22, 2016 4:22am Jul 22, 2016 4:22am
Killer move by GBP even on Friday scary.
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