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Cable Update (GBPUSD)

  • #436,341
  • Aug 12, 2016 2:10am Aug 12, 2016 2:10am
29465 today Tokyo/overnight low tested. Then back inside balance. Note that gb tagged exactly 07.11 gb spike base at 29455. Generally when a major ref is targeted it bounced the first time. But now this level is weak.
Ubi maior minor cessat
  • #436,342
  • Aug 12, 2016 2:10am Aug 12, 2016 2:10am
Quoting Lock
{quote} Tokyo corrected its own poor low before to close. GB open inside yesterday gb session/range1 pip above yesterday close at 29585. Initial acceptation of yesterday gb range is expected (29355-3016).
Hey Lock..

major composite POC ????

Cheeers...
Don't Leave Money on the Table
  • #436,343
  • Aug 12, 2016 2:17am Aug 12, 2016 2:17am
If this support holds than it will be the first double bottom since the begining of august or even july when it bottemed at 1.28 and at 11 july again. Expect great strenght if it is held. This could be the bounce back into range.
  • #436,344
  • Aug 12, 2016 2:19am Aug 12, 2016 2:19am
Quoting taciho
I expect a strong GBP today. Oil has risen a lot the past days and the correlation between GBP and oil used to be pretty high. I expect some moves to the upside because of this.
The potential for GBPUSD going upwards on ground of oil price upgrade is less than that of GBPCAD going downwards. I'll trade GBPCAD southwards instead. I may be wrong. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #436,345
  • Aug 12, 2016 2:24am Aug 12, 2016 2:24am
Quoting Lock
{quote} Tokyo corrected its own poor low before to close. GB open inside yesterday gb session/range1 pip above yesterday close at 29585. Initial acceptation of yesterday gb range is expected (29355-3016).
Yes gb close at 29585 tested now.

Quoting HaLBot
{quote} Hey Lock.. major composite POC ???? Cheeers...
It's the summation of last daily profiles TPO. There are software to visualize the composite profile. Also you have to choose how many profiles you want to sum. In my case I use a summation of last 16 years of activity.
K. regards, L.
Ubi maior minor cessat
  • #436,346
  • Aug 12, 2016 2:26am Aug 12, 2016 2:26am
Quoting Aleksbuk
{image} GBPUSD in short balance. Target still is 1.28
wrong
  • #436,347
  • Aug 12, 2016 2:27am Aug 12, 2016 2:27am
Quoting Kajos2250
{quote} 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! {image}
GU W1 GMT+2

it is half way in the weekly AR, ~200 pips remains.
just enough to try break out from the IBs.
~2750 in the crosshair, i hope it will not stay for the next week.
do not fight the trend, market always stronger....

good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.proWeekly.png Size: 53 KB
Anything is math!
  • #436,348
  • Aug 12, 2016 2:27am Aug 12, 2016 2:27am
Quoting Aleksbuk
{image} GBPUSD in short balance. Target still is 1.28
Anything is math!
  • #436,349
  • Aug 12, 2016 2:28am Aug 12, 2016 2:28am
2971 tagged now is yesterday pit session "rally high". It is a test level for yesterday pit activity. Now is weak. So now we have weak references above and below. As you see gb session is accepting yesterday range for now. And we are still up and down composite POC at 2965.
Ubi maior minor cessat
  • #436,350
  • Aug 12, 2016 2:31am Aug 12, 2016 2:31am
Quoting taciho
If this support holds than it will be the first double bottom since the begining of august or even july when it bottemed at 1.28 and at 11 july again. Expect great strenght if it is held. This could be the bounce back into range.
Yes I was surprised that 2950 held for duration of Asian session...hope we are in for a end of week Rally even if a pullback later on...
Don't Leave Money on the Table
  • #436,351
  • Aug 12, 2016 2:36am Aug 12, 2016 2:36am
Order board for today from forexlive.com

http://orders.forexlive.com/!/gbpusd...2-aug-20160812
Don't Leave Money on the Table
  • #436,352
  • Aug 12, 2016 2:38am Aug 12, 2016 2:38am
Quoting ThePipsMkr
Am still long from yesterday at 1.295. There were weak attempts to break below that level. A retrace above the higher 1.3 levels might be weak unless it is able to push above 1.302. 1st TP @ 1.302, 2nd @ 1.3052. If not SL @ +1.
me too still long of gbp all pairs
gbp/x
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #436,353
  • Aug 12, 2016 2:40am Aug 12, 2016 2:40am
Again at yesterday gb close 29585 (also 1 pip above current gb session half back) that now is weak. Currently we have a gb poor high exactly at the yesterday pit session "rally high" price. I mean: current market is currently totally controlled by weak hands.
Ubi maior minor cessat
  • #436,354
  • Aug 12, 2016 2:52am Aug 12, 2016 2:52am
Quoting HaLBot
{quote} Yes I was surprised that 2950 held for duration of Asian session...hope we are in for a end of week Rally even if a pullback later on...
Pulled my short last night 12 pips up as it seemed it wasn't going anywhere but long IMO. My wife ( who has some previous experience) came into the room with a coffee. Glance at my 15 min chart (which has descending triangle drawn on it) and said I assume you are long on this one? When in fact I was short. Its amazing how you can over analyse. Looking at my chart on its own you would probably think its time to go long at around 1.2960 but other factors and the bigger picture other than just the chart would tend to say short. I'll wait a bit again. I have a big "Don't Jump In" sticker above my screen. I jump in at least three times a day.
Striving for consistency
  • #436,355
  • Aug 12, 2016 2:55am Aug 12, 2016 2:55am
I have a big "Don't Jump In" sticker above my screen. I jump in at least three times a day.....
Don't Leave Money on the Table
  • #436,356
  • Aug 12, 2016 3:01am Aug 12, 2016 3:01am
LONG GU. 3130 minimum!!!
  • #436,357
  • Aug 12, 2016 3:02am Aug 12, 2016 3:02am
Quoting pointlessfor
LONG GU. 3130 minimum!!!

Yeah but what year.....
Don't Leave Money on the Table
  • #436,358
  • Aug 12, 2016 3:04am Aug 12, 2016 3:04am
Quoting HaLBot
{quote} Yeah but what year.....
today 3020
  • #436,359
  • Aug 12, 2016 3:05am Aug 12, 2016 3:05am
Quoting pointlessfor
LONG GU. 3130 minimum!!!
are there some reasonable arguments or just emotion?
Anything is math!
  • #436,360
  • Aug 12, 2016 3:07am Aug 12, 2016 3:07am
Quoting HaLBot
{quote} Yeah but what year.....
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