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Cable Update (GBPUSD)

  • #435,201
  • Jul 27, 2016 1:36am Jul 27, 2016 1:36am
Quoting Lock
{quote} you see, C m30 period went up only to tag again the yesterday gb unchanged at 31275. Then it went down again to the low of the yesterday gb upper distribution. I mean: this market is currently controlled by pure weak hands. And we have to remove the poor low block down here.

Here you are: block removed. Now 3100 is a weak gb low as round number.
Ubi maior minor cessat
  • #435,202
  • Jul 27, 2016 1:37am Jul 27, 2016 1:37am
Quoting yuddy
{quote} todays pelim gdp data couldnt that take gbp south?
as i said earlier it needs to crack that H1 low twice for us to have a smooth ride up. My earlier forecast about cracking the H1 bottom still stands.
Trading Eternal...... Shiny & Chrome!!!!
  • #435,203
  • Jul 27, 2016 1:37am Jul 27, 2016 1:37am
R.I.P bullish .... increase 0.1% but now will down maybe i need to wait
  • #435,204
  • Jul 27, 2016 1:42am Jul 27, 2016 1:42am
Quoting Mayly-May
R.I.P bullish .... increase 0.1% but now will down maybe i need to wait

LOL....yep probably surprised a lot of traders, waiting for fomc I presume.....sheeeeez
Don't Leave Money on the Table
  • #435,205
  • Jul 27, 2016 1:45am Jul 27, 2016 1:45am
Quoting HaLBot
{quote} LOL....yep probably surprised a lot of traders, waiting for fomc I presume.....sheeeeez
FOMC is today right?
  • #435,206
  • Jul 27, 2016 1:46am Jul 27, 2016 1:46am
Quoting Mayly-May
R.I.P bullish .... increase 0.1% but now will down maybe i need to wait
I guess its trying to clear 3100, with more runs down the support will be weaker. The close of this hour candle will be important, spike stopped exactly at daily open (GMT). Could go both ways but to remain bullish, hourly close needs to be clearly above previous hourly close (3113).
  • #435,207
  • Jul 27, 2016 1:49am Jul 27, 2016 1:49am
Quoting HaLBot
{quote} LOL....yep probably surprised a lot of traders, waiting for fomc I presume.....sheeeeez
so pain now new day low and nearly week low soon
  • #435,208
  • Jul 27, 2016 1:53am Jul 27, 2016 1:53am
Quoting Lock
{quote} Here you are: block removed. Now 3100 is a weak gb low as round number.
3110 taken out and then we have the old weak lows. 3094 3078 and 30765

Consider that we are before a major late news. So I don't know if gb session could have the partecipation to do it. In any case these are targets for pit session. So if gb will go below them before pit open, the only possibility is remaining there forming a gap for the upcoming pit.
Ubi maior minor cessat
  • #435,209
  • Jul 27, 2016 1:55am Jul 27, 2016 1:55am
Quoting keeley
{quote} FOMC is today right?

Yes in 9 hours time....I want a rally before then otherwise it's gonna be a slow day. Interesting that stops were at todays opening as Mades said. Was like smacking into a brick wall, these Prop traders must all chat to each other...
Don't Leave Money on the Table
  • #435,210
  • Jul 27, 2016 2:01am Jul 27, 2016 2:01am
Quoting HaLBot
{quote} Yes in 9 hours time....I want a rally before then otherwise it's gonna be a slow day. Interesting that stops were at todays opening as Mades said. Was like smacking into a brick wall, these Prop traders must all chat to each other...
Note that current gb down move started at Tokyo open. now 3100 is weak above. First target down removed. I'm flat now. Only covered my initial stupid attempts. Only demo for me last week.
Ubi maior minor cessat
  • #435,211
  • Jul 27, 2016 2:03am Jul 27, 2016 2:03am
Quoting Lock
{quote} Note that current gb down move started at Tokyo open. now 3100 is weak above. First target down removed. I'm flat now. Only covered my initial stupid attempts. Only demo for me last week.
3100 immediately removed.
Ubi maior minor cessat
  • #435,212
  • Jul 27, 2016 2:11am Jul 27, 2016 2:11am
Quoting Lock
{quote} ...But please note that yesterday gb session is formed by two separate distributions. The upper one is 3107 to 3134, while the lower one is 3071 to 3094. Consider these distributions as separate sessions. Acceptation of lower distribution zone could mean continuation down, while at the opposite, acceptation of upper distribution could mean upwards conviction (note: this is referred only to gb session upcoming activity!) ...
Note also the first rejection at the top of the lower yesterday gb distribution 3094. If you want to see gb continuation down you want to see price confirmation below that level.
Ubi maior minor cessat
  • #435,213
  • Jul 27, 2016 2:19am Jul 27, 2016 2:19am
Sorry for the question, but why GBP reacted like this ? There were 2 good news about Britain PIL but GBP reacted in the opposite direction! why?
  • #435,214
  • Jul 27, 2016 2:26am Jul 27, 2016 2:26am
Quoting HaLBot
{quote} Yes in 9 hours time....I want a rally before then otherwise it's gonna be a slow day. Interesting that stops were at todays opening as Mades said. Was like smacking into a brick wall, these Prop traders must all chat to each other...
It does tell a story doesn't it.
  • #435,215
  • Jul 27, 2016 2:37am Jul 27, 2016 2:37am
Quoting dean1star
{quote} It does tell a story doesn't it.
Yep I had a buy set at 3147 and it was triggered by expanded spread and didn't realise until I saw account wasn't where it should be, no great drama because it was a small order but have to wary when things like that happen, can end up being the order of the day so must be more alert....

I'm still going to query my broker on it......
Don't Leave Money on the Table
  • #435,216
  • Jul 27, 2016 2:43am Jul 27, 2016 2:43am
Should see a FOMC spike down to 1.2965 before the run up to 1.42.
Without having an understanding of down, you can never appreciate up.
  • #435,217
  • Jul 27, 2016 2:51am Jul 27, 2016 2:51am
Quoting iamawaited
{quote} as i said earlier it needs to crack that H1 low twice for us to have a smooth ride up. My earlier forecast about cracking the H1 bottom still stands.
if you are reffering to 1.3080 area, then i assume we are waiting for the second crack, since the first crack happened yesterday, am i right sir,with this observation?
  • #435,218
  • Jul 27, 2016 3:05am Jul 27, 2016 3:05am
Quoting yuddy
{quote} if you are reffering to 1.3080 area, then i assume we are waiting for the second crack, since the first crack happened yesterday, am i right sir,with this observation?
This is the pic i posted yesterday. it should be about 2 pages back. The low it should crack twice is 1.3056 in the pix.. as it stands it has not been cracked yet. I would wait for that before jumping into the sky rocket awaited ....
Here is pix from yesterday..
Happy Pippin
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 39 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #435,219
  • Jul 27, 2016 3:14am Jul 27, 2016 3:14am
Quoting iamawaited
{quote} This is the pic i posted yesterday. it should be about 2 pages back. The low it should crack twice is 1.3056 in the pix.. as it stands it has not been cracked yet. I would wait for that before jumping into the sky rocket awaited .... Here is pix from yesterday.. Happy Pippin {image}

Awaited have you see the original Mad Max films, Mad Max 1 and Mad Max 2??

If you haven't I highly recommend them, probably the best action films ever made here....

Line from first film, in a highly charged scene Max's boss at police head quarters says "As long as the paperwork is correct, I don't care what you do out there"........sublime!!
Don't Leave Money on the Table
  • #435,220
  • Jul 27, 2016 3:15am Jul 27, 2016 3:15am
Quoting iamawaited
{quote} This is the pic i posted yesterday. it should be about 2 pages back. The low it should crack twice is 1.3056 in the pix.. as it stands it has not been cracked yet. I would wait for that before jumping into the sky rocket awaited .... Here is pix from yesterday.. Happy Pippin {image}
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