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Cable Update (GBPUSD)

  • #435,321
  • Jul 28, 2016 6:04am Jul 28, 2016 6:04am
Quoting Lock
{quote} gb up and down overnight low at 31645, trying to close its gap up. Now with a cluster poor low. G is now inside bar of F m30 period as F is inside bar of E period. So a breakout from here is possible. I don't like where we come from, specially for that F period high at half back(at 3187 edit). It's a tricky day again. I'm now still short from 3177, stop above 3182 that is a minor valley for the full composite profile. I don't like this market at all.
So, we have a breakthrough of the lower boundary of the Asian session confirmed. VPOC of yesterday's is about to be hit.

Best
D.P.
Hunting High and Low
  • #435,322
  • Jul 28, 2016 6:05am Jul 28, 2016 6:05am
Quoting elbert3
{quote} China to chip in 33% investment . Just waiting for it to be signed off . According to this mornings bbc news
Well, let's see if they have already made something here (embedded in what we have now in this price zone) or if they are going to act in someway from now on.

Right now I'm warching a funny game during this gb session. It looks like the game was coming down here only to take out the gap. Let's see. Eventually gb poc moved down at 3169 but it could end this session with a normal volume filling of the gap up with these last two periods. Also note that we are going to open preUS exactly in the middle of yesterday pit session.
Ubi maior minor cessat
  • #435,323
  • Jul 28, 2016 6:23am Jul 28, 2016 6:23am
Quoting Lock
{quote} Well, let's see if they have already made something here (embedded in what we have now in this price zone) or if they are going to act in someway from now on. Right now I'm warching a funny game during this gb session. It looks like the game was coming down here only to take out the gap. Let's see. Eventually gb poc moved down at 3169 but it could end this session with a normal volume filling of the gap up with these last two periods. Also note that we are going to open preUS exactly in the middle of yesterday pit session.
Tried to send you a pm but phone is a bit c.......p how high up can you see a gap in eurusd ?
  • #435,324
  • Jul 28, 2016 6:23am Jul 28, 2016 6:23am
Quoting james1254
{quote} I think it's too early, the pair will likely reach 1.3100 first.
  • #435,325
  • Jul 28, 2016 6:47am Jul 28, 2016 6:47am
Quoting elbert3
{quote} Tried to send you a pm but phone is a bit c.......p how high up can you see a gap in eurusd ?
right nnow 10645 to current gb price at 10845. But we have to wait for the preUS session. If preUS went down further we could find price inside yes pit range when finally today pit will open. I really don't know. I'm not studying eurusd in these days.
Ubi maior minor cessat
  • #435,326
  • Jul 28, 2016 7:16am Jul 28, 2016 7:16am
Please note that we may consider all the portion of the yesterday pit session move up from 3143 as a spike.. So 3143 for the upcoming pit session is a very important reference. If pit will open above it we may imagine acceptation of yesterday attempt up, while at the opposite if pit will open below it we may consider a failure of yesterday attempt up. Let's see.
Ubi maior minor cessat
  • #435,327
  • Jul 28, 2016 7:20am Jul 28, 2016 7:20am
will it clear 3300?
  • #435,328
  • Jul 28, 2016 7:39am Jul 28, 2016 7:39am
Quoting Lock
Please note that we may consider all the portion of the yesterday pit session move up from 3143 as a spike.. So 3143 for the upcoming pit session is a very important reference. If pit will open above it we may imagine acceptation of yesterday attempt up, while at the opposite if pit will open below it we may consider a failure of yesterday attempt up. Let's see.
preUS is now testing this reference. First attempt bounced.
Ubi maior minor cessat
  • #435,329
  • Jul 28, 2016 8:00am Jul 28, 2016 8:00am
Quoting kk300
will it clear 3300?

if there is acceptation of yesterday pit attempt up, this is possible. But we have very bad references below to solve. We have to wait for pit open.
Ubi maior minor cessat
  • #435,330
  • Jul 28, 2016 8:08am Jul 28, 2016 8:08am
Quoting Lock
{quote} preUS is now testing this reference. First attempt bounced.
here we have the second attempt (starting from preUS half back 3162 that is now weak)

Note that overnight inventory (preUS included) is 100% short from yesterday pit unchanged (close). So if pit will open here above 3143 with this ON, we may expect some correction. If not this will be considered as a good sign for continuation to the down side.
Ubi maior minor cessat
  • #435,331
  • Jul 28, 2016 8:24am Jul 28, 2016 8:24am
Quoting Lock
Please note that we may consider all the portion of the yesterday pit session move up from 3143 as a spike.. So 3143 for the upcoming pit session is a very important reference. If pit will open above it we may imagine acceptation of yesterday attempt up, while at the opposite if pit will open below it we may consider a failure of yesterday attempt up. Let's see.
tagged at the pip.
Ubi maior minor cessat
  • #435,332
  • Edited 8:52am Jul 28, 2016 8:38am | Edited 8:52am
Quoting Lock
{quote} tagged at the pip.
Do you see how important this 3143 reference is for the current pit session?

up and down open, weak reference above at preUS open at 3158. Extraordinary lack of conviction. Very weak market.
Ubi maior minor cessat
  • #435,333
  • Jul 28, 2016 8:50am Jul 28, 2016 8:50am
as it tagged just above 3143, will it start its rally upwards now
  • #435,334
  • Jul 28, 2016 8:59am Jul 28, 2016 8:59am
Stalking GU since no new PA formation. Bye Bye GU today. i will be back!!!!
Trading Eternal...... Shiny & Chrome!!!!
  • #435,335
  • Jul 28, 2016 9:05am Jul 28, 2016 9:05am
Quoting bpaul
as it tagged just above 3143, will it start its rally upwards now

This market has no idea whatsoever of what to do. Plus right now there is nobody here with real money. Weak references above, weak refs below. It is desperately trying to test 3143 without meaningfull success. We are in a rang of 14 pips up and down open. So I really don't know what can happen here.
Ubi maior minor cessat
  • #435,336
  • Jul 28, 2016 9:08am Jul 28, 2016 9:08am
how can this piece of crap oscillate 15 pips during the strongest part of day on thursday is beyond understanding.
  • #435,337
  • Jul 28, 2016 9:10am Jul 28, 2016 9:10am
Quoting Lock
{quote} This market has no idea whatsoever of what to do. Plus right now there is nobody here with real money. Weak references above, weak refs below. It is desperately trying to test 3143 without meaningfull success. We are in a rang of 14 pips up and down open. So I really don't know what can happen here.
Locky just to shake things up a bit I'll go a Billion Long......

M8 love your analysis, as you said to the pip..
Don't Leave Money on the Table
  • #435,338
  • Jul 28, 2016 9:18am Jul 28, 2016 9:18am
Quoting HaLBot
{quote} Locky just to shake things up a bit I'll go a Billion Long...... M8 love your analysis, as you said to the pip..

Now, overnight low has been tagged and so is weak. Pit session was not able to retrace the 100% overnight activity short. This could let me think of a possible continuation down. BUT we left behind ugly weak refs so..
Ubi maior minor cessat
  • #435,339
  • Jul 28, 2016 9:22am Jul 28, 2016 9:22am
This just of forexlive website about end of month flows, not saying it's going to happen but traders carrying shorts be prepared...

http://news.forexlive.com/!/usd-sell...flows-20160728

Also in around 9 hours time there's a ton of Japanese data out culminating in BOJ rate decision....
Don't Leave Money on the Table
  • #435,340
  • Jul 28, 2016 9:34am Jul 28, 2016 9:34am
Quoting HaLBot
This just of forexlive website about end of month flows, not saying it's going to happen but traders carrying shorts be prepared... http://news.forexlive.com/!/usd-sell...flows-20160728 Also in around 9 hours time there's a ton of Japanese data out culminating in BOJ rate decision....
Ugly market. Now period m30 C is testing overnight low: for continuation down we would like to see acceptation below it (31365) If not.. And we are now again at the major composite poc 3134: so we need volume to escape from here.
Ubi maior minor cessat
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