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Cable Update (GBPUSD)

  • #436,261
  • Aug 11, 2016 7:58am Aug 11, 2016 7:58am
Quoting KeenPips
{quote} With you M8 lol. KP
Hey KP, yeah let's see how it rolls.
Funny enough, I'd love a good rally to get my top sell filled, but with more green US data today, I won't hold my breath.

Anyway, I'm off to bed.

All the best
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDH4.png Size: 35 KB
Come with me if you want to live....
  • #436,262
  • Aug 11, 2016 8:03am Aug 11, 2016 8:03am
looking to pick up another 25 pips. In long at 12970 sl: 1.2958 tp: 1.2995
Striving for consistency
  • #436,263
  • Aug 11, 2016 8:06am Aug 11, 2016 8:06am
Quoting Kajos2250
{quote} GU D1 GMT+2 bearish marubozu in controll, validated by the bearish IBBO on the daily. more bears sitting about ~3225, maybe will be touched. time to agressive bet on the bears' side again. sell stop .3012, invalidation close above ~3117, targetting first ~2782 and toward YPS3~2317.... good luck! {image}
GU H4 GMT+2

pending triggered from the daily, the last bearish belt hold and the previous bearish marubozu on the H4 makes me add more...
preparing for the IBBO from the marubozu on the H4 sell stop placed .2934
invalidation if price close above ~3039
first target ~2839, the rest toward YPS3 ~2317.
BE ~2868....

Good luck!
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Click to Enlarge Name: GBPUSD.proH4.png Size: 45 KB
Anything is math!
  • #436,264
  • Aug 11, 2016 8:07am Aug 11, 2016 8:07am
A fast report before Pit open.
2956 is extraordinary weak.
Ubi maior minor cessat
  • #436,265
  • Aug 11, 2016 8:12am Aug 11, 2016 8:12am
Quoting Wdfx
looking to pick up another 25 pips. In long at 12970 sl: 1.2958 tp: 1.2995
stop moved to BE, I'll let it run for a little while currently 12 pips up.
Striving for consistency
  • #436,266
  • Edited 8:26am Aug 11, 2016 8:13am | Edited 8:26am
Quoting Lock
{quote} [...] Note(GB): 3019-3023 double pass gb gap could be an interesting zone for gb session activity next days starting from tomorrow. Note also that we are currently below today gb spike up attempt at 3068. And gb today session made also a poor high* during that attempt upwards at 3094.[...].
Today gb session made its initial high 3 pips below 3019 gapping down with an other little gap from yesterday low at 3023.
Now this zone is even more interesting for next gb sessions.

Pit session could open with a little gap down from yesterday low at 29905.
Ubi maior minor cessat
  • #436,267
  • Aug 11, 2016 8:16am Aug 11, 2016 8:16am
Quoting Lock
A fast report before Pit open. 2956 is extraordinary weak.
Hello Lock & welcome today. You seems busy these days? We sometimes mis your viewpoints on live market sessions but anyway, I hope everything is good with you.
--- only constant in this world is change ---
  • #436,268
  • Aug 11, 2016 8:17am Aug 11, 2016 8:17am
Quoting Wdfx
{quote} stop moved to BE, I'll let it run for a little while currently 12 pips up.
Closed 5 pips up as it closed below the 20SMA on the 1 min. - better than nothing I suppose.
Striving for consistency
  • #436,269
  • Aug 11, 2016 8:27am Aug 11, 2016 8:27am
Quoting USDollar
#GBPUSD if my calculation are correct today I have a BT = buy target @ 1.2911ish could be the swing pivot low....... will start small with a stop @ the lows @1.2879 just in case im wrong {image}
wrong. 3020 first
  • #436,270
  • Aug 11, 2016 8:29am Aug 11, 2016 8:29am
Quoting Lock
{quote} Today gb session made its initial high 3 pips below 3019 gapping down with an other little gap from yesterday low at 3023. Now this zone is even more interesting for next gb sessions. Pit session could open with a little gap down from yesterday low at 29905.
Hi Lock, the question is where to enter?
Striving for consistency
  • #436,271
  • Aug 11, 2016 8:32am Aug 11, 2016 8:32am
Quoting malik_razi
{quote} Hello Lock & welcome today. You seems busy these days? We sometimes mis your viewpoints on live market sessions but anyway, I hope everything is good with you.
Hi Malik, I'm fine thanks!. I've spent some time on vacation. And now I'm not fully involved. Let's see next days. Have a nice trading.
Ubi maior minor cessat
  • #436,272
  • Aug 11, 2016 8:33am Aug 11, 2016 8:33am
Shorting again. I don't trust this market and corrections have been half baked attempts of +/- 50 pips before it crashed down again. Now we are at this point again and intend to hold my short until 1.28 at the very least.

At first GBP USD followed OIL and Indices for the most of this day, but I see a divergence after the US data which could imply a further downward move.
  • #436,273
  • Aug 11, 2016 8:34am Aug 11, 2016 8:34am
Quoting Wdfx
{quote} Hi Lock, the question is where to enter?
Answered my own question - in short now 1:2972
Striving for consistency
  • #436,274
  • Aug 11, 2016 8:37am Aug 11, 2016 8:37am
Quoting Wdfx
{quote} Hi Lock, the question is where to enter?
I don't know. If this little pit gap resists one could think to sell from start putting his stops right above pit high inside the gap. But it could also retrace this little gap and the come down again after this possible correction.. A third possibility is to go down, test the weak low (yes preUS low + today pre US low) and come back into preUS balance again. In this last case one could buy below current pre US low. Let's see how it will develop.

Note also that yesterday pit unch level at 30065 is very prominent. And that overnight activity is 90% short from there.
Ubi maior minor cessat
  • #436,275
  • Aug 11, 2016 8:37am Aug 11, 2016 8:37am
Quoting Wdfx
{quote} Hi Lock, the question is where to enter?
in the market
  • #436,276
  • Aug 11, 2016 8:43am Aug 11, 2016 8:43am
Quoting Lock
{quote} I don't know. If this little pit gap resists one could think to sell from start putting his stops right above pit high inside the gap. But it could also retrace this little gap and the come down again after this possible correction.. A third possibility is to go down, test the weak low (yes preUS low + today pre US low) and come back into preUS balance again. In this last case one could buy below current pre US low. Let's see how it will develop.
Thanks Lock, Patience is a virtue - one that I need to develop ! SL at 3020 for me will monitor with interest around the 2950 - 2960 area and hopefully the 2900 area. yeh babe..
Striving for consistency
  • #436,277
  • Aug 11, 2016 8:53am Aug 11, 2016 8:53am
Quoting Wdfx
{quote} Hi Lock, the question is where to enter?
go to the 15m tf, add the 50 ema line.. when the price touches the line, its a sell.. but dont forget to use SL..

Green pips to all,
SK.
Dont trade like me..
  • #436,278
  • Aug 11, 2016 8:54am Aug 11, 2016 8:54am
Quoting pointlessfor
{quote} in the market
Jokes are flying think and fast
Striving for consistency
  • #436,279
  • Aug 11, 2016 8:54am Aug 11, 2016 8:54am
Quoting Wdfx
{quote} Thanks Lock, Patience is a virtue - one that I need to develop ! SL at 3020 for me will monitor with interest around the 2950 - 2960 area and hopefully the 2900 area. yeh babe..
I didn't consider the very weak high at 3060 level: us pit high 08.10 tagging us pit high 08.08. This is an important level too.

Currently up and down open price: lack of conviction. And very narrow range preUS+Pit.

3097 Tokyo high tagging friday pit high is an other weak ref. While current B low is weak starting at hb 29755.

Very weak market.
Ubi maior minor cessat
  • #436,280
  • Aug 11, 2016 8:59am Aug 11, 2016 8:59am
Quoting Lock
{quote} I didn't consider the very weak high at 3060 level: us pit high 08.10 tagging us pit high 08.08. This is an important level too. Currently up and down open price: lack of conviction.
I had a look at "Market Profile" on Google and You Tube last night. - Interesting, may take me a bit of time to get my head around it though. Thanks for the pointer.
Striving for consistency
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