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Cable Update (GBPUSD)

  • #435,441
  • Jul 29, 2016 9:52am Jul 29, 2016 9:52am
Quoting Lock
{quote} Price has not been confirmed by more then 1 m30 period below 3181 and it was a game: balance then up again to take out 3250. Let me say: at the pip.
Now, because this a very bad environment and it is Friday I do not know if I have to consider or not the weak level from which this move up started (3200 round number)
Ubi maior minor cessat
  • #435,442
  • Jul 29, 2016 10:18am Jul 29, 2016 10:18am
Quoting elbert3
{quote} Long added target for this one 3300 and then sell back to 3222 scalping half the trade
Let's get ready to rumble . About time to
  • #435,443
  • Jul 29, 2016 10:35am Jul 29, 2016 10:35am
On the 4 hour chart do you take account of the top of the Ichimoku cloud at 13272
  • #435,444
  • Jul 29, 2016 10:53am Jul 29, 2016 10:53am
Nice Zesty moves from cable and EU. was looking for NZD weakness all day but got nothing. so i left and came back to meet this.. Missed plenty pips here and there. it is all good though.. i brace up for next week. have a great weekend guys!!! Voila!!
Trading Eternal...... Shiny & Chrome!!!!
  • #435,445
  • Edited 2:16pm Jul 29, 2016 11:10am | Edited 2:16pm
So, we seem to have a breakthrough of the triangle upwards. Bulls are coming in massively.
However we also have three hidden gaps behing - 31990-32035, 32400-32670 @ 15 min TF, 32170-32670 @ 30 min TF,
So I am expecting these gaps to be closed shortly.

Best
D.P.

P.S. A buy limit order is set at 31950.
P.P.S The second buy limit order is set at 31740 @ the POC of Today's.

EDITED. Yes, we have a breakthrough, but the situation is unclear meanwhile.
Attached Image (click to enlarge)
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Hunting High and Low
  • #435,446
  • Jul 29, 2016 4:11pm Jul 29, 2016 4:11pm
we have gone long again . Missed 1.3330 so we stick to the plan at 3222 and look to 3400 area now
  • #435,447
  • Jul 29, 2016 7:05pm Jul 29, 2016 7:05pm
Quoting elbert3
we have gone long again . Missed 1.3330 so we stick to the plan at 3222 and look to 3400 area now
1.3569 is the price on xe ? No way ???
  • #435,448
  • Jul 29, 2016 7:10pm Jul 29, 2016 7:10pm
I hope you guys have your weekend sl on !
  • #435,449
  • Jul 30, 2016 1:46am Jul 30, 2016 1:46am
Quoting elbert3
I hope you guys have your weekend sl on !
Strange. 3222 this morning on xe site ! Anybody have a weekend chart Lock any answers ?
  • #435,450
  • Jul 30, 2016 1:49am Jul 30, 2016 1:49am
Attached Image (click to enlarge)
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  • #435,451
  • Jul 30, 2016 3:20am Jul 30, 2016 3:20am
Quoting elbert3
{quote} Strange. 3222 this morning on xe site ! Anybody have a weekend chart Lock any answers ?
I found some spike to 1.3550 several time at xe.com, but now back to where it closed at 1.3222, it is normal during holiday
  • #435,452
  • Jul 30, 2016 3:42am Jul 30, 2016 3:42am
Quoting elbert3
{quote} Strange. 3222 this morning on xe site ! Anybody have a weekend chart Lock any answers ?
Very normal: 2 pips above main composite poc here at 3227.
3200 3250 and even 3100 and 3074 zone possible victims for this week end.
But at the same time we got 3250 and 3300 above tagged respectively by period G and D of yesterday pit session, that are now pretty weak.
So, considering the situation, having weak levels above and below we could also remain here around 3227 up to Monday.
I will not be impressed anyway if we will find price all the way back below those extraordinary weak references. A little more surprised if we will find price above 3250 and 3300. In that case and if Tokyo will not retrace it, we could have a gb gap up. And that, again, could lead to a temporary skip of those refs. below. Let's see.
Ubi maior minor cessat
  • #435,453
  • Jul 30, 2016 4:01am Jul 30, 2016 4:01am
Quoting KucinkGaronk
{quote} I found some spike to 1.3550 several time at xe.com, but now back to where it closed at 1.3222, it is normal during holiday
I saw several spikes in the Cable when it was crossing the 1.3250 levels
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  • #435,454
  • Jul 30, 2016 4:35am Jul 30, 2016 4:35am
Spikes during weekends are normal, I only check what the situation is right before the market opens on Sunday.
  • #435,455
  • Jul 30, 2016 5:46am Jul 30, 2016 5:46am
Can any body forecast how the Asian markets will react on Monday from this market which has touched 1.3300 and come back to 1.3221.
  • #435,456
  • Jul 30, 2016 5:57am Jul 30, 2016 5:57am
Quoting KucinkGaronk
{quote} I found some spike to 1.3550 several time at xe.com, but now back to where it closed at 1.3222, it is normal during holiday
Thanks I wounded if will show on ones trades ? Regards E
  • #435,457
  • Jul 30, 2016 5:59am Jul 30, 2016 5:59am
Quoting Lock
{quote} Very normal: 2 pips above main composite poc here at 3227. 3200 3250 and even 3100 and 3074 zone possible victims for this week end. But at the same time we got 3250 and 3300 above tagged respectively by period G and D of yesterday pit session, that are now pretty weak. So, considering the situation, having weak levels above and below we could also remain here around 3227 up to Monday. I will not be impressed anyway if we will find price all the way back below those extraordinary weak references. A little more...
Thanks but surely the price did not jump 300 pips as it would of took out a lot of traders ? Regards E
  • #435,458
  • Jul 30, 2016 7:00am Jul 30, 2016 7:00am
monthly close on sunday,
most likely would close within last
Attached Image (click to enlarge)
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  • #435,459
  • Jul 31, 2016 2:11am Jul 31, 2016 2:11am
gu looks under pressure
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDMonthly.png Size: 31 KB
Come with me if you want to live....
  • #435,460
  • Jul 31, 2016 2:48am Jul 31, 2016 2:48am
Quoting Ill-b-back
gu looks under pressure {image} {image}

Interestingly though this weeks, Weekly Candle although an indecision candle is bullish and I'm tipping gains to the 3400 to 3450 area. However if we can't hold onto those gains then a pullback to around this current level by the end of the week depending on what's ahead news wise....

It's in the governments interest for the Pound to weaken....No doubt very happy with the drop after Brexit, gives them some wriggle room....
Don't Leave Money on the Table
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