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Cable Update (GBPUSD)

  • #435,221
  • Jul 27, 2016 5:17am Jul 27, 2016 5:17am
Quoting Lock
{quote} 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.
All the targets 3094 3078 and 30765 taken out , at the pip, by current gb session.

30765 is only tagged so is still weak. (now: all the way back and then pit will solve it, or go further down creating a gap for the pit?)
Ubi maior minor cessat
  • #435,222
  • Jul 27, 2016 5:26am Jul 27, 2016 5:26am
Quoting HaLBot
{quote} 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!!

In the original movies, one and Two I think they were able to capture the post-apocalyptic Dystopian World much better than the latest movie...
Don't Leave Money on the Table
  • #435,223
  • Jul 27, 2016 5:30am Jul 27, 2016 5:30am
Quoting HaLBot
{quote} 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!!
i have!! i am so obsessed with Fury Road though. For best action i would give that to "The Godfather Trilogy"!!!!
Trading Eternal...... Shiny & Chrome!!!!
  • #435,224
  • Jul 27, 2016 5:41am Jul 27, 2016 5:41am
Quoting Lock
{quote} All the targets 3094 3078 and 30765** taken out , at the pip, by current gb session. 30765** is only tagged so is still weak. (now: all the way back and then pit will solve it, or go further down creating a gap for the pit?)
**it was 30735 not 765 sorry about this typing error.

Please note also that 3071 is the low of the yesterday lower gb distribution. Current gb session in its last move down tagged it exaclty.

see here:

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 ...
Ubi maior minor cessat
  • #435,225
  • Jul 27, 2016 5:49am Jul 27, 2016 5:49am
Quoting adetola99
{quote} what can of strategy do you trade?
It is probably nameless. but i see it as a rubber band method. it involves finding price levels where price is very likely to bounce from.
Trading Eternal...... Shiny & Chrome!!!!
  • #435,226
  • Jul 27, 2016 6:24am Jul 27, 2016 6:24am
Quoting iamawaited
{quote} It is probably nameless. but i see it as a rubber band method. it involves finding price levels where price is very likely to bounce from.
ok I see like a wave pattern
  • #435,227
  • Jul 27, 2016 6:38am Jul 27, 2016 6:38am
Someone has resuscitated the Dow and Nikkei, might see some Cable buying action.....
Don't Leave Money on the Table
  • #435,228
  • Jul 27, 2016 7:07am Jul 27, 2016 7:07am
So, preUS opened exactly at gb session open. Clear sign of uncertainty and weak partecipation to this market. And it is inside yesterday US range, an other sigh of weakness and lack of conviction. Initial acceptation of yesterday range is expected. And is now around 3100 round number. and above the weak 3094 (yes pit session low as yesterday pre US session low).

3094 3078 and 30735 are still clear possible targets for upcoming pit session. Even though they have already been taken out by gb session, pit session is a different thing made of different partecipants to the market.
Ubi maior minor cessat
  • #435,229
  • Jul 27, 2016 7:15am Jul 27, 2016 7:15am
Quoting iamawaited
{quote} It is probably nameless. but i see it as a rubber band method. it involves finding price levels where price is very likely to bounce from.
I have the same view . Posted to Dr Zain 2 weeks ago : 2 waves then up : hope where right . E
  • #435,230
  • Jul 27, 2016 7:35am Jul 27, 2016 7:35am
again at the go no go level made by the pit bracket low at 31186
Ubi maior minor cessat
  • #435,231
  • Jul 27, 2016 7:45am Jul 27, 2016 7:45am
Quoting elbert3
{quote} I have the same view . Posted to Dr Zain 2 weeks ago : 2 waves then up : hope where right . E
yeah hope so too. that way the uptrend will flow without hindrance.
Trading Eternal...... Shiny & Chrome!!!!
  • #435,232
  • Jul 27, 2016 8:09am Jul 27, 2016 8:09am
Quoting Lock
{quote} .... The composite point of controll (3134) is pretty mature here, so a great amount of volume is needed in order to move from here. If it moves from here without volume the possibility for a retrace is with high odds. ....
What a surprise! Where we are now?? 3134 main composite poc (tagged at the pip)
Ubi maior minor cessat
  • #435,233
  • Jul 27, 2016 8:10am Jul 27, 2016 8:10am
Quoting iamawaited
{quote} yeah hope so too. that way the uptrend will flow without hindrance.
i wanna consider u an fx prophet,do u mind giving me ur facebook or watsapp contacts so we chat more outside this room?
  • #435,234
  • Jul 27, 2016 8:13am Jul 27, 2016 8:13am
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}
thanks broh,hope to see u someday in naija or las vegas
  • #435,235
  • Jul 27, 2016 9:02am Jul 27, 2016 9:02am
All US news so far is NOT pointing to a rate rise......but Fed could surprise so be careful....
Don't Leave Money on the Table
  • #435,236
  • Jul 27, 2016 9:03am Jul 27, 2016 9:03am
any possible to see 1.4 G/U on FFR? (Federal Funds Rate)
  • #435,237
  • Jul 27, 2016 9:04am Jul 27, 2016 9:04am
Quoting Mayly-May
any possible to see 1.4 G/U on FFR? (Federal Funds Rate)
No
--- only constant in this world is change ---
  • #435,238
  • Jul 27, 2016 9:06am Jul 27, 2016 9:06am
1 timeframing higher in the last 7 m30 periods of different sessions. "One-timeframing: A trending situation where in an uptrend, the low of the previous bar is not broken to the downside by 2 tics or more" from J Dalton glossary

But watch out! The periods are very narrow, we are before a major news, close to a very prominent composite poc and above 3 very weak references untouched by pit session. Obviously I'm reasoning in terms of odds so everything is possible anyway. But a rally from here without removing all that staff below and before this news has not the odds in its favour. But if so, remember the refereces below and carry this information forward for the next days.
Ubi maior minor cessat
  • #435,239
  • Jul 27, 2016 9:10am Jul 27, 2016 9:10am
My estimation of rate decision..

Rate rise, Cable falls by at least 200 pips

Rates on Hold, Cable rises by 150 pips depending on Monetary Policy Statement, so if notes hawkish less upside, if notes dovish lots of upside

If Cable rises by 150 pips or more I'm tipping there will be a rapid retreat, Britains economy still a worry after Brexit for traders
Don't Leave Money on the Table
  • #435,240
  • Jul 27, 2016 9:16am Jul 27, 2016 9:16am
Quoting malik_razi
{quote} No
1.34 - 1.35 can possible?
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