Cable Update (GBPUSD) | Page 21749 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #434,961
  • Jul 22, 2016 6:33am Jul 22, 2016 6:33am
​Short term H&S is materializing. Strong pullback has almost shaken me out of the trade but Markit Flash UK PMI saved the day...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-fxpro-financial-services-3.png Size: 126 KB
  • #434,962
  • Jul 22, 2016 6:56am Jul 22, 2016 6:56am
Still demo trading?
  • #434,963
  • Jul 22, 2016 6:58am Jul 22, 2016 6:58am
preUS is going to open with a gap down from yesterday preUS low at 3163. If this gap resists natural targets are:

  1. 07.20 gb poor low at 3078,
  2. 07.19 pit session poor low at 30735 and
  3. tokyo 07.20 poor low at 30645

we are now again testing the pit bracket low go no go at 31187

Ubi maior minor cessat
  • #434,964
  • Jul 22, 2016 7:05am Jul 22, 2016 7:05am
I would not be surprised if we closed higher than today's high ?! 2nd wave now
  • #434,965
  • Jul 22, 2016 7:14am Jul 22, 2016 7:14am
Quoting elbert3
I would not be surprised if we closed higher than today's high ?! 2nd wave now
That's really unlikely. The day will close strong bear or close to flat. Ranging all week as you know... today makes no difference
  • #434,966
  • Edited 7:33am Jul 22, 2016 7:18am | Edited 7:33am
Quoting dean1star
{quote} Good chart there Lock - interesting. Closed the long on - 55 pips at close of the one hour candle.

Thanks. It's a daily chart I use to "fast view" the bigger situation. Sometimes I risk to loose the perspective with my m30 profiles without a top down analysis. I learned it from my mentor.


As said right now below, if this gap resists and if the following pit session will confirm the down move with its own gap down, we have:

  1. 07.20 gb poor low at 3078,
  2. 07.19 pit session poor low at 30735 and
  3. tokyo 07.20 poor low at 30645

But, in the case of down continuation (and I do not really know if this is possible today) the upcoming pit session could aim to:

  1. the old 07.11 pit gap up starting at 30145
  2. and, if even further down, the last weak thing I can see is the poor Sydney low of 07.12 at 29715
  3. and 2945 as final target: it is the bigger peak of volume in this zone.

have a nice trading

Ubi maior minor cessat
  • #434,967
  • Jul 22, 2016 7:25am Jul 22, 2016 7:25am
Quoting RBlackburn
{quote} That's really unlikely. The day will close strong bear or close to flat. Ranging all week as you know... today makes no difference
Yes your right but still I think there is more to it still have 3 long positions only scalping into shorts to make up the lose when it comes back we will have a bigger reward regards
  • #434,968
  • Jul 22, 2016 7:28am Jul 22, 2016 7:28am
Quoting elbert3
I would not be surprised if we closed higher than today's high ?! 2nd wave now
Im having the same thought. but atm seems pretty week. Everyone has made their money packed up and gone home already haha.
20 Pips a day keeps centerlink away
  • #434,969
  • Jul 22, 2016 7:33am Jul 22, 2016 7:33am
Quoting PaulDaemon
{quote} Im having the same thought. but atm seems pretty week. Everyone has made their money packed up and gone home already haha.
I think on the week chart the what looks like inverted gamer is a buy block that is why I Hebert been putting up 3180 area look how many times it has been up and down on that area this week . So as posted I would like to see weekly chart close over that number . Regards
  • #434,970
  • Jul 22, 2016 7:36am Jul 22, 2016 7:36am
Quoting PaulDaemon
{quote} Im having the same thought. but atm seems pretty week. Everyone has made their money packed up and gone home already haha.
If I am right we will see buyers before the day end if not I still scalp short and add next 5 lot long at 2900
  • #434,971
  • Jul 22, 2016 7:36am Jul 22, 2016 7:36am
Quoting TradeWTUC
Still demo trading?
​I'm used to MT4 so I do my technical analysis and test alternative open position managing on demo FXPro MT4 account which never expires.
I live trade with Swiss Ducaskopy but I don't like their Jforex platform, so I use it only to open positions.
  • #434,972
  • Jul 22, 2016 7:44am Jul 22, 2016 7:44am
little note: 3102 is preUS half back so is weak. And current preUS low is poor at 3086
Ubi maior minor cessat
  • #434,973
  • Jul 22, 2016 7:45am Jul 22, 2016 7:45am
Quoting elbert3
{quote} If I am right we will see buyers before the day end if not I still scalp short and add next 5 lot long at 2900
You are on the mid, maybe slightly before that? No charts here from me, think you know why...
The world you desire can be won. It exists.. it is real.. it is possible..
  • #434,974
  • Jul 22, 2016 7:57am Jul 22, 2016 7:57am
Quoting Lock
little note: 3102 is preUS half back so is weak. And current preUS low is poor at 3086
taken out while poor low is still in place like the gap down. Now is tagging its open, so is weak again here at 3114.
Ubi maior minor cessat
  • #434,975
  • Jul 22, 2016 8:01am Jul 22, 2016 8:01am
Quoting HaLBot
{quote} Where is the 'Kitchen Sink Spot'????
My earlier Chart on Page 21744 shows the sink. Okay so 100 percent predictions???
Maybe i will be lucky enough to predict the next 200 Moves!!!! Happy Pipping!!!
Trading Eternal...... Shiny & Chrome!!!!
  • #434,976
  • Jul 22, 2016 8:12am Jul 22, 2016 8:12am
Quoting iamawaited
{quote} My earlier Chart on Page 21744 shows the sink. Okay so 100 percent predictions??? Maybe i will be lucky enough to predict the next 200 Moves!!!! Happy Pipping!!!
Will be looking forward to it.
20 Pips a day keeps centerlink away
  • #434,977
  • Jul 22, 2016 8:19am Jul 22, 2016 8:19am
Quoting Lock
{quote} taken out while poor low is still in place like the gap down. Now is tagging its open, so is weak again here at 3114.
again at open 3114 that now is weaker then before, but the gap is still in place, 3100 is round weak and we have a poor low at 3087. I'm off, too tired. Have a nice trading everyone.
Ubi maior minor cessat
  • #434,978
  • Jul 22, 2016 10:17am Jul 22, 2016 10:17am
Quoting andoseg2
{quote} Sell opportunity only if the price confirm sellers control of the trend by breaking further downside. Cover @ 1.30 : {image} {image} {quote}.
Update : exit completely, not enough momentum .

Attached Image (click to enlarge)
Click to Enlarge Name: eeeee.png Size: 38 KB
Money moves the market, not an indicator.
  • #434,979
  • Jul 22, 2016 12:02pm Jul 22, 2016 12:02pm
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Hey community,

Its been a while since i've posted. Got out of trading when I started school so its been a minute.

Either way I'm back and using my tech skills to help create tools for trading. My most recent program extract data from the PMI report which is reported monthly and neatly exports the data to excel. Below is a video demonstration.

Inserted Video


If you find this useful you can email me at the address on the bottom of the video.

Furthermore, if you guys want to suggest anything else that would be useful to be automated please let me know!

Cheers
  • #434,980
  • Jul 22, 2016 1:09pm Jul 22, 2016 1:09pm
Quoting Mr. Scott
{quote} You are on the mid, maybe slightly before that? No charts here from me, think you know why...
No please tell me I am going crazzzzy change of mind weekend gap could could be 3017 ish then that is up from there
383 traders viewing now, 1 is registered:
CPUmice