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Cable Update (GBPUSD)

  • #435,481
  • Edited 4:15am Aug 1, 2016 4:01am | Edited 4:15am
Quoting Lock
{quote} So, gb gap up totally retraced, 3240 and 3212 eventually corrected, 3200 next to probable correction while above 3240 tagged again being now even more weak. And 3250 still weak from open. As said current situation if confirmed could lead to a fire cracker effect to the downside.
3200 finally taken out. Now we are in a possible fire cracker effect situation leading to 3150 extraordinary weak low of gb friday session. But do not forget where we came from. Note: for continuation down we want to stay (confirm with next m30 periods) below friday high at 32165 and today overnight low at 3200. And we also want to go down as fast as possible below friday gb unchanged at 31775 confirming below it with next priods. Finally we also want to preserve the current double distribution set up for gb session and in order to obtain that we do not want to retrace the single m30 pips up to 32125. Note also that current low at 3181 is weak because is also friday gb session open.

A final note regarding a major reference: current daily 26 periods half back (mid price of the range of the last 26 days) went down today to 31638. That is now a very important reference for current daily range.
Ubi maior minor cessat
  • #435,482
  • Aug 1, 2016 4:31am Aug 1, 2016 4:31am
Quoting Lock
exceptionally weak market, very narrow range, slow "tempo".
Yes market controlled by Muggles at the moment....:nerd::nerd:
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  • #435,483
  • Aug 1, 2016 4:32am Aug 1, 2016 4:32am
Quoting iamawaited
Cable formation for today..... Lets see how it plays... Meanwhile i am praying for total NZD weakness... that will drive all my trades in greens. Happy Pippin! {image}
Okay so cable following predicted formation.... Anyone with super news for NZD???
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  • #435,484
  • Edited 5:07am Aug 1, 2016 4:34am | Edited 5:07am
Quoting iamawaited
{quote} Okay so cable following predicted formation.... Anyone with super news for NZD???
At the moment I'm tipping it would have to breach 7220 for anymore upside action...but don't know much about this pair...

This from Forexlive:

NZDUSD: 0.7196 in retreat as USD finds a few buyers
Offers: 0.7220 0.7250 0.7280 0.7300
Bids: 0.7180 0.7150 0.7100 0.7080 0.7060 0.7030 0.7000
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  • #435,485
  • Aug 1, 2016 5:09am Aug 1, 2016 5:09am
Quoting HaLBot
{quote} At the moment I'm tipping it would have to breach 7220 for anymore upside action...but don't know much about this pair... This from Forexlive: NZDUSD: 0.7196 in retreat as USD finds a few buyers Offers: 0.7220 0.7250 0.7280 0.7300 Bids: 0.7180 0.7150 0.7100 0.7080 0.7060 0.7030 0.7000
i am actually looking for news about NZD not any of its pairs.
Trading Eternal...... Shiny & Chrome!!!!
  • #435,486
  • Aug 1, 2016 5:11am Aug 1, 2016 5:11am
Quoting iamawaited
{quote} i am actually looking for news about NZD not any of its pairs.

Funny you should ask, here on TV in Australia tonight.....LOL

Blacksheep

An experiment in genetic engineering turns harmless sheep into blood-thirsty killers that terrorise a sprawling New Zealand farm. Directed by Jonathan King and stars Oliver Driver, Nathan Meister and Tammy Davis. (From New Zealand) (Comedy) (2006) (Rpt) MA(H,V)
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  • #435,487
  • Aug 1, 2016 5:17am Aug 1, 2016 5:17am
Quoting HaLBot
{quote} Funny you should ask, here on TV in Australia tonight.....LOL Blacksheep An experiment in genetic engineering turns harmless sheep into blood-thirsty killers that terrorise a sprawling New Zealand farm. Directed by Jonathan King and stars Oliver Driver, Nathan Meister and Tammy Davis. (From New Zealand) (Comedy) (2006) (Rpt) MA(H,V)
...smh.... Meanwhile GU little bottom formed..
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  • #435,488
  • Aug 1, 2016 5:19am Aug 1, 2016 5:19am
Quoting iamawaited
{quote} ...smh
LOL
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  • #435,489
  • Edited 6:55am Aug 1, 2016 6:38am | Edited 6:55am
Quoting Lock
{quote} Now we are in a possible fire cracker effect situation leading to 3150 extraordinary weak low of gb friday session. [..]
Note that the fire cracker affect is still a possibility only paused by current testing of 31638. And that 3150 remains an extraordinary weak level to verify, even for upcoming preUS session or for current last gb period J. Let's see.

Quoting Lock
{quote} [..]A final note regarding a major reference: current daily 26 periods half back (mid price of the range of the last 26 days) went down today to 31638. That is now a very important reference for current daily range.
Please also note that price went exactly 2 pips below 31638 and then retrace for 1 hour and a half.

Quoting Lock
{quote} Note anyhow that current B period came from June gb low at 3240 that is now weak. While A period opened and went down exactly from round number 3250 that is also weak: So watch out, all this move is weak.
Above we cannot forget where we came from: 3200 (maybe) 3240 3250 are all weak references left behind by current gb session. This does not mean that we have to go up now and retake all of them but in anycase they remain as weak refernces and then carry this information forward.

Finally note that all the condition for a continuation downside are currently martched but "tempo" is very slow and we are balancing:

Quoting Lock
{quote}[...]Note: for continuation down we want to stay (confirm with next m30 periods) below friday high at 32165 and today overnight low at 3200. And we also want to go down as fast as possible below friday gb unchanged at 31775 confirming below it with next priods. Finally we also want to preserve the current double distribution set up for gb session and in order to obtain that we do not want to retrace the single m30 pips up to 32125. [..].
Ubi maior minor cessat
  • #435,490
  • Aug 1, 2016 6:41am Aug 1, 2016 6:41am
I think what's keeping GBP/USD buoyant is that Eur/Gbp is not being bought....now there must be a reason for this...???
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  • #435,491
  • Aug 1, 2016 6:46am Aug 1, 2016 6:46am
Quoting iamawaited
{quote} ...smh.... Meanwhile GU little bottom formed..
Okay so First leg done next few legs????
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM305.png Size: 34 KB
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  • #435,492
  • Aug 1, 2016 8:25am Aug 1, 2016 8:25am
Quoting iamawaited
{quote} Okay so First leg done next few legs???? {image}
Please, what is the technical analysis' details of this graph?
  • #435,493
  • Aug 1, 2016 8:33am Aug 1, 2016 8:33am
preUS cluster poor high at 3212 that btw is also today Tokyo low and 2 pips below 3214 June gb low. Very very weak market. Pit session opened inside friday pit range right below friday pit value area low at 3200. Extraordinary weak pit references below at 3074 zone as said many times.
Ubi maior minor cessat
  • #435,494
  • Edited 9:04am Aug 1, 2016 8:54am | Edited 9:04am
GBP/USD riding the bottom of the 50EMA on the 15 minute chart, could be in for some upside action...
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 74 KB
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  • #435,495
  • Aug 1, 2016 9:09am Aug 1, 2016 9:09am
It is one of the most insecure and weak market ever experienced this year. Narrow range as 07.22 07.25 and 07.28 pit sessions.
Ubi maior minor cessat
  • #435,496
  • Aug 1, 2016 9:10am Aug 1, 2016 9:10am
Quoting HaLBot
GBP/USD riding the bottom of the 50EMA on the 15 minute chart, could be in for some upside action... {image}
Which means a buying signal, right?
  • #435,497
  • Aug 1, 2016 9:13am Aug 1, 2016 9:13am
Quoting Lock
It is one of the most insecure and weak market ever experienced this year. Narrow range as 07.22 07.25 and 07.28 pit sessions.
Yep I gotta agree , least we found support and headed back to the 3200 area....

I'm charging up the defibrillators now..........CLEAR

Can someone go a Billion long to get this thing moving???
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  • #435,498
  • Aug 1, 2016 9:38am Aug 1, 2016 9:38am
Well liquidity is 4% below average at the moment, so I guess theres not going to be much action unless things pick up a bit.....Traders must be suffering a severe bout of Mondayitis....LOL
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  • #435,499
  • Aug 1, 2016 9:42am Aug 1, 2016 9:42am
Quoting HaLBot
{quote} Yep I gotta agree , least we found support and headed back to the 3200 area.... I'm charging up the defibrillators now..........CLEAR Can someone go a Billion long to get this thing moving???
Well, just to say something: B period is inside A period of current pit session. And C is inside B. So a possible breakout could occur eventually.
Ubi maior minor cessat
  • #435,500
  • Aug 1, 2016 10:06am Aug 1, 2016 10:06am
Quoting Lock
{quote} Well, just to say something: B period is inside A period of current pit session. And C is inside B. So a possible breakout could occur eventually.
In fact D attempted a breakout upwards BUT from current half back/open price so it is very weak. ABove huge cluster at 3212
Ubi maior minor cessat
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