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Cable Update (GBPUSD)

  • #435,381
  • Jul 29, 2016 3:34am Jul 29, 2016 3:34am
Quoting Lock
{quote} Please, again, note the precision of Dr.Phoenix
No news is good news could be applied to GBP.
  • #435,382
  • Jul 29, 2016 3:39am Jul 29, 2016 3:39am
Quoting taciho
This is one of those days where you can feel that it will spike higher. No big events and a PM whose is talking about working together with EU. The GBPUSD gapped up when it was announced that she would become PM, momentum on that event is still there. I would say it has the room to move to 1.33 today.
yeah yeah 133 pls 140 next week my swap kill me soon i hate this mount away lose trade so sad
  • #435,383
  • Jul 29, 2016 3:41am Jul 29, 2016 3:41am
Frustrating price action with Cable, it's like everyone has become very cautious with no excitement about why they are trading and zero confidence....that's my observation because price action early Euro session looked very good for gains to yesterdays highs then it petered out....
Don't Leave Money on the Table
  • #435,384
  • Jul 29, 2016 3:42am Jul 29, 2016 3:42am
Quoting Lock
{quote} Please, again, note the precision of Dr.Phoenix
..or precision of the WRB hidden gap indi Nah just kidding, thanks Dr. P. and Lock that i was able to learn another aspect of price movement and a very useful one.
  • #435,385
  • Jul 29, 2016 3:42am Jul 29, 2016 3:42am
Quoting Lock
Good morning. The US pit session situation in a visual recap. Yesterday Pit session was very narrow and inside the 07.27 very wide pit session range. Same thing about value: yesterday pit session value was inside the 07.27 pit session value. We have now a bracket of 8 pit session where all the stops are at the same level 3074. Also, we have two poor lows one for 07.19 and an other for 07.22 This situation should lead to a breakout. And I could see 3 possible scenario for the upcoming pit session(15:30 +1gmt): Remaining in the middle of this bracket...
Hi, Lock and fellows

Look at the picture below. Take a note of UP bars at the lower boundary of Volume Area Monthly. As you can see buyers are coming at the VA low.

Technically we have triangle as well.

These arguments give me a piece of thinking of the possible breackthrough to be rather UP.

Best
D.P.

P.S. Everething is Possible

P.P.S. Today is the last trading day of this month.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp2.png Size: 54 KB
Hunting High and Low
  • #435,386
  • Jul 29, 2016 3:43am Jul 29, 2016 3:43am
Quoting Mayly-May
{quote} yeah yeah 133 pls 140 next week my swap kill me soon i hate this mount away lose trade so sad

Mayly-May if your swaps killing you then short the rallies to cover your GBP/USD longs....So short between resistance and support as many times as needed to cover your long positions but that's up to you..
Don't Leave Money on the Table
  • #435,387
  • Jul 29, 2016 3:54am Jul 29, 2016 3:54am
Quoting HaLBot
{quote} Mayly-May if your swaps killing you then short the rallies to cover your GBP/USD longs....So short between resistance and support as many times as needed to cover your long positions but that's up to you..
thank you today is last friday of July i think today i'm stop add more order when last week of mount Graph is no mercy on me

and i'm add buy limit follow Dr.Phoenix the firebirds
  • #435,388
  • Jul 29, 2016 3:57am Jul 29, 2016 3:57am
Quoting Mayly-May
{quote} thank you today is last friday of July i think today i'm stop add more order when last week of mount Graph is no mercy on me
Well there's end of month flows that could help price head back over 3200 onto 3300....
Don't Leave Money on the Table
  • #435,389
  • Jul 29, 2016 4:03am Jul 29, 2016 4:03am
Quoting Lock
{quote} Hi HaLBot, gb session opened at 3181, while Tokyo at 3160 exactly as Sydney (that was also the yesterday pit unchanged obviously). By the way it could be also 3159 a single pip makes no difference for me. Note the big composite cluster at 3171 (Tokyo cluster of m30 lows plus current B/C gb period lows). Take this information forward.
Taken out by D period action. Note anyway that C and D periods tagged both the dynamic today hb/yesterday open 3193 that is now very weak. Note also that we are now, during the 4th gb period, inside yesterday gb session range.
Below, note also current 3150 tagged and then weak low.
Ubi maior minor cessat
  • #435,390
  • Jul 29, 2016 4:03am Jul 29, 2016 4:03am
The market is not reacting while news coming in.

What is about to be a trigger indeed?

Best
D.P.

Quoting Mayly-May
{quote} i'm add buy limit follow Dr.Phoenix the firebirds
I hope you do know what to do, if I am wrong.

Best
D.P.
Hunting High and Low
  • #435,391
  • Jul 29, 2016 4:07am Jul 29, 2016 4:07am
Quoting mades
{quote} It is 61.8% of this months (low to high of the month) fib.
okay coool.. but the number i called was 1.3215 as super H1 Res..
Trading Eternal...... Shiny & Chrome!!!!
  • #435,392
  • Jul 29, 2016 4:33am Jul 29, 2016 4:33am
Quoting iamawaited
{quote} this is the formation cable is showing.. i wonder why it should be showing this when other GB pairs are strong. This is the formation i am seeing. it does not make sense to me so no trading it. i am looking for NZD weakness and CAD strength today lets see how today pans out. {image}
Meanwhile GU following forecast and looking to break the low.. While i am still waiting for CAD strength and NZD weekness.. Eternal Wait..
Trading Eternal...... Shiny & Chrome!!!!
  • #435,393
  • Jul 29, 2016 4:40am Jul 29, 2016 4:40am
Quoting Lock
{quote} Taken out by D period action. Note anyway that C and D periods tagged both the dynamic today hb/yesterday open 3193 that is now very weak. Note also that we are now, during the 4th gb period, inside yesterday gb session range. Below, note also current 3150 tagged and then weak low.

Note that E period is inside D period and F is now attempting a breakout from that balance. Below we got also a poor low (D and E lows at 3150). E was very important because it managed to close the empty space leaved by D period from period B low. That means the non formation of 2 separate distributions for the gb session. Two separate distr. could lead to an immediate continuation to the downside.
Ubi maior minor cessat
  • #435,394
  • Jul 29, 2016 4:58am Jul 29, 2016 4:58am
Now lets have a short squeeze back to 3200 fellas....
Don't Leave Money on the Table
  • #435,395
  • Jul 29, 2016 5:38am Jul 29, 2016 5:38am
Quoting iamawaited
{quote} okay coool.. but the number i called was 1.3215 as super H1 Res..
confluence of signals
  • #435,396
  • Jul 29, 2016 5:51am Jul 29, 2016 5:51am
Quoting Dr.Phoenix
The market is not reacting while news coming in. What is about to be a trigger indeed? Best D.P. {quote} I hope you do know what to do, if I am wrong. Best D.P.
Yup if wrong i will Fried brids hehe...

it ok i can accept with that price and i can hold until 1.19 then sl or destroy my port maybe
  • #435,397
  • Jul 29, 2016 5:54am Jul 29, 2016 5:54am
C'mon, C'mon C'mon rally up you pig.......LOL

Apparently there's been end of month money flows into Eur/Gbp, happens every month, so with Eur/Gbp of it's highs now we might see this thing rally a bit.....

I'm long 3172 ATM and talk about having to hold my nerve....
Don't Leave Money on the Table
  • #435,398
  • Jul 29, 2016 5:54am Jul 29, 2016 5:54am
Quoting Lock
{quote} Note that E period is inside D period and F is now attempting a breakout from that balance. Below we got also a poor low (D and E lows at 3150). E was very important because it managed to close the empty space leaved by D period from period B low. That means the non formation of 2 separate distributions for the gb session. Two separate distr. could lead to an immediate continuation to the downside.
3150 cannot resist in my opinion. But all this session has been controlled by very weak hands. So a more than probable removal of 3150 does not mean necessarily continuation to the downside. Anyway if price will go down in the last 2 periods (as a spike) we will find the upcoming preUS session in a possible gap below yesterday range. In that case, considering the new participants to the market stepping in with the us session, the conviction that we have not seen during gb could come with them. And even without a gap down, we cannot forget all the incredibly week pit references below.
At the same time we cannot forget, for the same reasons regarding the weakness of this environment, that we are leaving behind a lot of weak references. At 3181 (current open plus hb tagged twice), at 3193 previous hb plus yesterday open tagged twice too. And finally the poor high at 32165 that has also been tagged by today Tokyo high.
Ubi maior minor cessat
  • #435,399
  • Jul 29, 2016 6:22am Jul 29, 2016 6:22am
Quoting Lock
{quote} 3150 cannot resist in my opinion. But all this session has been controlled by very weak hands. [... ] At the same time we cannot forget, for the same reasons regarding the weakness of this environment, that we are leaving behind a lot of weak references. At 3181 (current open plus hb tagged twice), at 3193 previous hb plus yesterday open tagged twice too. And finally the poor high at 32165 that has also been tagged by today Tokyo high..
Note price tagging again 3181. Now 3181/2 and 3150 clusters are notorius. They have not a lot of possibilities to survive during upcoming price activity.
Ubi maior minor cessat
  • #435,400
  • Jul 29, 2016 6:57am Jul 29, 2016 6:57am
is the usd gdp news gonna strengthen the dollar drive or just end the drill? watcha guys predict?
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