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Cable Update (GBPUSD)

  • #435,581
  • Aug 2, 2016 9:43am Aug 2, 2016 9:43am
Quoting Lock
{quote} now tagging it exactly at 32835. Very weak. But again we came from current hb/round number above at 3300.
very nice .
what indicators you use mate
  • #435,582
  • Aug 2, 2016 9:44am Aug 2, 2016 9:44am
Quoting Snatcher
{quote} so you recon it will test higher again or its now pushing down ??
What can I say: it is weak everywhere. Above it reached pit July open and skip it for 2 pips (very weak) Then it went down with B starting from round 3300 that is also current half back. Below as said is tagging its own opn. This market is totally absolutely weak. There is no serious involvement by bigger timeframes. Generally a gap like this below from 32185, if not retraced quickly, should be a valid support. But the way it has been built leave me very puzzled.

Quoting Snatcher
{quote} very nice . what indicators you use mate
I do not use indicators but ichi to view mid prices. I used a market profile tool to visualize all what I need. If you like, here is the last version of it. But you may find a lot of other like this one, maybe better of it.
Ubi maior minor cessat
  • #435,583
  • Aug 2, 2016 9:46am Aug 2, 2016 9:46am
Quoting Lock
{quote} What can I say: is weak everywhere. Above it reached pit July open and skip it for 2 pips (very weak) Then it went down with B starting from round 3300 that is also current half back. Below as said is tagging its own opn. This market is totally absolutely weak. There is no serious involvement by bigger timeframes. Generally a gap like this below from 32185 should be a valid support. But the way it has been built leave me very puzzled.
interesting
  • #435,584
  • Aug 2, 2016 10:09am Aug 2, 2016 10:09am
Quoting Lock
{quote} now tagging it exactly at 32835. Very weak. But again we came from current hb/round number above at 3300.

Mr.lock u r ROCK!!
  • #435,585
  • Aug 2, 2016 10:11am Aug 2, 2016 10:11am
Now D period attempting a breakout from C period inside of B. If it fails all the way back to current open. If it works up to 33265.

Quoting Mayly-May
{quote} Mr.lock u r ROCK!!
Thank you very much indeed. I appreciated it.
Ubi maior minor cessat
  • #435,586
  • Aug 2, 2016 10:17am Aug 2, 2016 10:17am
Quoting Lock
Now D period attempting a breakout from C period inside of B. If it fails all the way back to current open. If it works up to 33265. {quote} Thank you very much indeed. I appreciated it.
Tagged. Now we got a poor high here. (B D periods highs). For continuation up we want to stay above them, close the old gb gap up to 33395 and possibly confirm above it. Anyway it looks very unsecure. I will not be surprised if I'll see a fast retracement to take out the open at 32835 before to go up again. But this is only a possibility.
Ubi maior minor cessat
  • #435,587
  • Aug 2, 2016 10:31am Aug 2, 2016 10:31am
Quoting Mayly-May
{quote} Mr.lock u r ROCK!!
You ROCK for real man, Mr.lock. Thank you for shedding light into my dark trading experience.
If you do not mind and have time to teach a newbie; I am ready and have all the time needed to be able to see beyond my horizon.

GOD BLESS YOU Mr.Lock
  • #435,588
  • Aug 2, 2016 10:49am Aug 2, 2016 10:49am
Quoting Lock
{quote} Tagged. Now we got a poor high here. (B D periods highs). For continuation up we want to stay above them, close the old gb gap up to 33395 and possibly confirm above it. Anyway it looks very unsecure. I will not be surprised if I'll see a fast retracement to take out the open at 32835 before to go up again. But this is only a possibility.
At last! Poor high removed. Now, for continuation upwards, let's see if it is able to stay above it, close the gb gap down up to 3339 and take out the weak ref at 3350. If not...**

** E period comes from June pit close at 3308 while C period comes from today pit open at 32835. Carry this information forward.
Ubi maior minor cessat
  • #435,589
  • Aug 2, 2016 11:20am Aug 2, 2016 11:20am
Quoting Lock
{quote} At last! Poor high removed. Now, for continuation upwards, let's see if it is able to stay above it, close the gb gap down up to 3339 and take out the weak ref at 3350. If not...** ** E period comes from June pit close at 3308 while C period comes from today pit open at 32835. Carry this information forward.
old gb gap down "closed"
Ubi maior minor cessat
  • #435,590
  • Aug 2, 2016 11:24am Aug 2, 2016 11:24am
Quoting actionmoney
{quote} You ROCK for real man, Mr.lock. Thank you for shedding light into my dark trading experience. If you do not mind and have time to teach a newbie; I am ready and have all the time needed to be able to see beyond my horizon. GOD BLESS YOU Mr.Lock

Thank you very much actionmoney. I hope what I writing here could help you in your trading. If you want to know more you may start studying the market profile handbook. It's only a starting point, but a good one. You may find it easily in google. It's a free source.
Ubi maior minor cessat
  • #435,591
  • Aug 2, 2016 11:25am Aug 2, 2016 11:25am
Quoting Lock
{quote} At last! Poor high removed. Now, for continuation upwards, let's see if it is able to stay above it, close the gb gap down up to 3339 and take out the weak ref at 3350. If not...** ** E period comes from June pit close at 3308 while C period comes from today pit open at 32835. Carry this information forward.

above 3350 I could only see 3400. It is a preUS high(07.14) tagging a round number.
Ubi maior minor cessat
  • #435,592
  • Aug 2, 2016 11:27am Aug 2, 2016 11:27am
Quoting Lock
{quote} above 3350 I could only see 3400. It is a preUS high(07.14) tagging a round number.
34 pls lock sama 34 i will close all
  • #435,593
  • Aug 2, 2016 11:28am Aug 2, 2016 11:28am
Quoting HaLBot
{quote} Yeah Mate will do.... I think as I said the big players want a decent high to short from and now were in range of 3330 that's the high from 12-July-16...but I still think we'll get gains to the 3400 area before Super Thursday....
If we reach it but even if not, please, an applause for HalBot and his long term intuition.
Ubi maior minor cessat
  • #435,594
  • Aug 2, 2016 11:32am Aug 2, 2016 11:32am
Quoting Mayly-May
{quote} 34 pls lock sama 34 i will close all
Well it could be. But you may also scale out some before, if this could be part of your risk menagement.

Note: it is not a suggestion, anyone has his or her method of trading and in anyway I do not want to influence your approach.
Ubi maior minor cessat
  • #435,595
  • Aug 2, 2016 12:05pm Aug 2, 2016 12:05pm
Now, G is inside period of F and G left behind 2 pips of naked space from lower distribution at 33305. If this distribution is preserved we may see something more upside, while if it will be closed by upcoming action a continuation upwards is less probable.
So a possible breakout from balance G could lead to some important development: a possible elimination of the current double distribution if downside or a possible confirmation of this double distribution if upwards.

In any case I'm off. Too tired. Have a nice trading everyone.
Ubi maior minor cessat
  • #435,596
  • Aug 2, 2016 12:10pm Aug 2, 2016 12:10pm
Hi lock, i just analyze your posts, really very happy to see that a person has power to teach people and give them nice suggestions to protect their money, i am really very thankful to the people who are doing some for others. i also make reasonable profit on gbp/usd after reading your updates.
i am very thankful to you. May Allah live you long and May you bless.
Thanks Once Again.
  • #435,597
  • Aug 2, 2016 12:17pm Aug 2, 2016 12:17pm
Quoting iamawaited
Hmmm... Busy buying GY, GZ, GCHF and cable is making me wanna jump out of my sweet spots....... even though i leave my GU trades in loss they will come back with bigger profits though with little drawdown.. So i am wondering why cable is showing this sell formation on H1 chart, Buy on M30 Chart and Nothing on H4... Oh and finally CAD????
dont you think the rocket launch has began? kitchen sink was nearly touched,i guess the rocket flight for GU has began, 4hrs resistance is breached. GU has finally broke out of its zoo. is this the beginning of the rocket launch???
  • #435,598
  • Aug 2, 2016 12:20pm Aug 2, 2016 12:20pm
Quoting yuddy
{quote} dont you think the rocket launch has began? kitchen sink was nearly touched,i guess the rocket flight for GU has began, 4hrs resistance is breached. GU has finally broke out of its zoo. is this the beginning of the rocket launch???
See GBPCAD. Very strong...
Try don't lose pants never...
  • #435,599
  • Aug 2, 2016 12:49pm Aug 2, 2016 12:49pm
Quoting yuddy
{quote} dont you think the rocket launch has began? kitchen sink was nearly touched,i guess the rocket flight for GU has began, 4hrs resistance is breached. GU has finally broke out of its zoo. is this the beginning of the rocket launch???
It was an overall USD selling day. USD remained weakest or 2nd weakest currency throughout all day. So i don't think we can draw any conclusions yet.
  • #435,600
  • Aug 2, 2016 1:03pm Aug 2, 2016 1:03pm
looks a bit like this
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD H12 (DFB).png Size: 23 KB
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