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Cable Update (GBPUSD)

  • #435,041
  • Jul 25, 2016 3:37am Jul 25, 2016 3:37am
Quoting Lock
{quote} here you are: hb tagged. (not corrected for me) Now let's see.
Now taken out but weak to the down side. Above 3150 is weak. Below gb open at 31235 is weak. Totally weak market, but current daily tpo poc is pretty mature.
Ubi maior minor cessat
  • #435,042
  • Jul 25, 2016 3:58am Jul 25, 2016 3:58am
Quoting Lock
{quote} Now taken out but weak to the down side. Above 3150 is weak. Below gb open at 31235 is weak. Totally weak market, but current daily tpo poc is pretty mature.
So it went down again, taking out the hb, then went up, taking out the round number 3150. The poc was pretty mature so a breakout could occur anytime but..is this a good breakout or is it a fake? If you are in your SL should be structurally below overnight high. If this breakout is confirmed it should go and correct the minus development at 31915-3222. If instead it is a fake, then it should retrace and take out at least the current gb open at 31235.
Ubi maior minor cessat
  • #435,043
  • Jul 25, 2016 4:15am Jul 25, 2016 4:15am
1.32640 pls
  • #435,044
  • Jul 25, 2016 4:27am Jul 25, 2016 4:27am
On the hourly chart it's looking good for further gains as long as 3140 holds IMHO
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 64 KB
Don't Leave Money on the Table
  • #435,045
  • Jul 25, 2016 4:27am Jul 25, 2016 4:27am
Quoting Lock
{quote} So it went down again, taking out the hb, then went up, taking out the round number 3150. The poc was pretty mature so a breakout could occur anytime but..is this a good breakout or is it a fake? If you are in your SL should be structurally below overnight high. If this breakout is confirmed it should go and correct the minus development at 31915-3222. If instead it is a fake, then it should retrace and take out at least the current gb open at 31235.
What a pain! Now E is inside D m30 period. A breakout could happen in any direction but if up do not forget where we come from: weak hb at 3141 and weak open at 3123.
Ubi maior minor cessat
  • #435,046
  • Jul 25, 2016 4:37am Jul 25, 2016 4:37am
Quoting HaLBot
On the hourly chart it's looking good for further gains as long as 3140 holds IMHO {image}
I would place a buy above 3165 targeting 3200 area TP at 3220 depending on momentum as it could fail around 3200 but with enough momentum will easily takeout 3220

However just be careful of CBI industrial trends survey out in 20 minutes although low impact news if negative could spook the market....
Don't Leave Money on the Table
  • #435,047
  • Jul 25, 2016 4:49am Jul 25, 2016 4:49am
My target for today 1.31900
20 Pips a day keeps centerlink away
  • #435,048
  • Jul 25, 2016 4:54am Jul 25, 2016 4:54am
Quoting Mayly-May
1.32640 pls
Hey Mayly-May if you don't want to take a loss on that trade see where some of the other traders here are looking to short Cable and short the highs here. At the moment the word around for Cable is short the rallies so you could quickly cover that 3264 trade. Just make sure your entry is same as some of the experienced traders on FF
Just an idea....
Don't Leave Money on the Table
  • #435,049
  • Jul 25, 2016 4:58am Jul 25, 2016 4:58am
I'm putting up an idea for TLs on the hourly chart, anybody here agree???
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 78 KB
Don't Leave Money on the Table
  • #435,050
  • Jul 25, 2016 5:06am Jul 25, 2016 5:06am
Quoting Lock
{quote} What a pain! Now E is inside D m30 period. A breakout could happen in any direction but if up do not forget where we come from: weak hb at 3141 and weak open at 3123.
Now the hb at 3141 has been removed while the weak open at 3123 is still in place: my comment is that we are watching another very very tricky market. Anyway let's see if this break otut from balance is an other fake or not.
Ubi maior minor cessat
  • #435,051
  • Jul 25, 2016 5:08am Jul 25, 2016 5:08am
Quoting HaLBot
I'm putting up an idea for TLs on the hourly chart, anybody here agree??? {image}
i might be wrong but i see down in my point of view..
Work Hard In Silence, Let Your Success Be Your Noise.
  • #435,052
  • Jul 25, 2016 5:13am Jul 25, 2016 5:13am
Quoting keep4x
{quote} i might be wrong but i see down in my point of view..
Yep I'm not saying a trend has formed unless it bounces of that bottom line....could be a flag pattern forming for some more downside..
Don't Leave Money on the Table
  • #435,053
  • Jul 25, 2016 5:20am Jul 25, 2016 5:20am
Quoting HaLBot
{quote} Yep I'm not saying a trend has formed unless it bounces of that bottom line....could be a flag pattern forming for some more downside..
i believe it would hit 1.30500 then pull back somewhere up 1.31500 to 1.31650
Work Hard In Silence, Let Your Success Be Your Noise.
  • #435,054
  • Jul 25, 2016 5:27am Jul 25, 2016 5:27am
So friday pit session remained in balance all time as overnight sessions and current gb session. It's a very rare bad environmant to trade in. Frankly speaking I didn't expect an other balance during gb.
Ubi maior minor cessat
  • #435,055
  • Jul 25, 2016 5:35am Jul 25, 2016 5:35am
47 pip range first 4,5 hours of trading. That says it all. Usually GU is able to do this first 30 min into Frankfurt session. Awful awful market, either everyone is on vacation or its on purpose.
  • #435,056
  • Jul 25, 2016 5:38am Jul 25, 2016 5:38am
Quoting Lock
{quote} Now the hb at 3141 has been removed while the weak open at 3123 is still in place: my comment is that we are watching another very very tricky market. Anyway let's see if this break otut from balance is an other fake or not.
Finally this breakout looks "fine" and it is tagging the weak open at 3123
Ubi maior minor cessat
  • #435,057
  • Jul 25, 2016 5:41am Jul 25, 2016 5:41am
Quoting mades
47 pip range first 4,5 hours of trading. That says it all. Usually GU is able to do this first 30 min into Frankfurt session. Awful awful market, either everyone is on vacation or its on purpose.
Right. I was expecting the first test above overnight. While I really didn't expect that second test up, going nowhere. Furthermore anyone can see the targets below so I cannot imagine how this market could skip them. The only possibility is an upcoming "exogenous" event. An other well made bomb, false flag , coup, massacre and so on. What a bad world we live in.
Ubi maior minor cessat
  • #435,058
  • Jul 25, 2016 6:16am Jul 25, 2016 6:16am
Quoting Lock
{quote} Finally this breakout looks "fine" and it is tagging the weak open at 3123
At last!! Finally taken out! What a miserable market. Now is it going to test again the go no go pit bracket low at 31186? Or is it going to remain in rotation mode??
Ubi maior minor cessat
  • #435,059
  • Jul 25, 2016 6:20am Jul 25, 2016 6:20am
You can see how heavily is GU manipulated lately by observing the price last ~5 minutes of an hour. Often the hourly shape of the candle completely changes during this period. They tried it also today but price wasnt able to breach the previous one and daily pivot and once the new hour started we saw that 25 pip drop (which happened in like 20 seconds).
  • #435,060
  • Jul 25, 2016 6:24am Jul 25, 2016 6:24am
Hi anyone know about Federal Funds Rate still 50% or not ?
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