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Cable Update (GBPUSD)

  • #436,441
  • Aug 12, 2016 7:23am Aug 12, 2016 7:23am
Quoting pointlessfor
{quote} go fishing if u dont know what to do.
Was a quote from "Reminiscences of a stock operator".

And yes you are right "I know that I know nothing". Socrates.

UJ 15m +23 pips. (I went fishing)
Attached Image
trading is simple but is simple is not easy.
  • #436,442
  • Aug 12, 2016 7:25am Aug 12, 2016 7:25am
The high of 2978 was almost 7 and a half hours ago.......sheeeeeeeeez
Don't Leave Money on the Table
  • #436,443
  • Aug 12, 2016 7:28am Aug 12, 2016 7:28am
Cable fairly mixed/bullish going into Retails Sales figs
Would expect figures to beat expectations
Going to wait to see what the figures are
Happy so far- did a bit of scalping this morning - 8/8
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  • #436,444
  • Aug 12, 2016 7:29am Aug 12, 2016 7:29am
Quoting dean1star
I tell you WD - you could see a channel on the lower time frames, which today was worth following esp on the 5 mins chart (scalpers delight as they say) - main concern was knowing that the weekly candle was showing a potential close today lower in line with the opening on Monday, so kinda swimming against the tide. Slippage was est 15 pips so almost a ton on pips .. Breakfast WD is Coffee strong lol .. once done for the day i stay out. Weeks pips 744 total and done till Monday. .. BTW been around here 5 years plus so just saying it as it is.....
Good on you. You scalped GU upwards and downwards because the pair was in consolidation/sideways mode.

KP
Do your homework, follow the footprints of smart money
  • #436,445
  • Aug 12, 2016 7:30am Aug 12, 2016 7:30am
Quoting pointlessfor
{quote} nice one
You Got it Dude!
  • #436,446
  • Aug 12, 2016 7:31am Aug 12, 2016 7:31am
weak retails
  • #436,447
  • Aug 12, 2016 7:32am Aug 12, 2016 7:32am
Seem swing started now...
Try don't lose pants never...
  • #436,448
  • Aug 12, 2016 7:33am Aug 12, 2016 7:33am
Quoting Mayly-May
today will down? i hate fridays {image}

What did I tell you Mayly-May angry bull coming up.....
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Don't Leave Money on the Table
  • #436,449
  • Aug 12, 2016 7:36am Aug 12, 2016 7:36am
Quoting Lock
A fast recap.[...]
above references:

  1. 2971 today gb session poor high
  2. 29785 today Tokyo session poor high
  3. 29835 yesterday pit session poorhigh/preUS high
  4. 3060 08.10 pit high tagging 08.08 pit high.
  5. 3068 gb 08.10 spike base
  6. 30935 gb 08.10 poor high
  7. 30965 08.08 Tokyo high tagging 08.05 pit high
  8. 31185 06.27 pit upper bracket low (GO NO GO LEVEL)

below

  1. 2952 yesterday pit poor low
  2. 2925 07.08 pit low tagging a gb close price
  3. 2906 preUS low back to back with a previus Tokyo low
  4. 28635 little cluster of m30 pit session periods
  5. 28495 round number tagged by a GB period


neutral

  1. 2964 current major POC

Please note that current move started from 1 pip above yesterday pit session unchanged at 12954

Now, in order to skip lower weak references we need to have and confirm a pit gap higher during next 1 hour

note also:

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. [..].
Ubi maior minor cessat
  • #436,450
  • Aug 12, 2016 7:37am Aug 12, 2016 7:37am
Quoting HaLBot
{quote} What did I tell you Mayly-May angry bull coming up..... {image}
yeah..
  • #436,451
  • Aug 12, 2016 7:38am Aug 12, 2016 7:38am
Quoting Lock
{quote} above references: 2971 today gb session poor high 29785 today Tokyo session poor high 29835 yesterday pit session poorhigh/preUS high 3060 08.10 pit high tagging 08.08 pit high. 3068 gb 08.10 spike base 30935 gb 08.10 poor high 30965 08.08 Tokyo high tagging 08.05 pit high 31185 06.27 pit upper bracket low (GO NO GO LEVEL) below 2952 yesterday pit poor low 2925 07.08 pit low tagging a gb close price 2906 preUS low back to back with a previus Tokyo low 28635 little cluster of m30 pit session periods 28495 round number tagged by a GB period...
Its early but i think this is the start movement will close the 1.36500 gap in one or 2 weeks...
Try don't lose pants never...
  • #436,452
  • Aug 12, 2016 7:38am Aug 12, 2016 7:38am
Quoting pointlessfor
{quote} yes u got it
1.3020 hit , great
  • #436,453
  • Aug 12, 2016 7:40am Aug 12, 2016 7:40am
Well Well... what just happened. My short just stopped out ( missed stop at 2975 and kicked me out at 3000). And then my long order kicked in at 1.3010. all happened in the blink of an eye. Now recovering my losses long goodness gracious. To put it politely. I may need a beer later.
What is it that's said about not trading the news... lesson learned
Striving for consistency
  • #436,454
  • Aug 12, 2016 7:46am Aug 12, 2016 7:46am
Last two weeks I've wanted to kick Eur/Gbp in the nads.....
Don't Leave Money on the Table
  • #436,455
  • Aug 12, 2016 7:46am Aug 12, 2016 7:46am
dont think that bulls started. we can see 2926 first
  • #436,456
  • Aug 12, 2016 7:47am Aug 12, 2016 7:47am
Joy to all traders when technicals agree with fundamentals; when fundamentals energize the momentum of the price in line with the overall direction of the technicals. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #436,457
  • Aug 12, 2016 7:48am Aug 12, 2016 7:48am
Those figures are a real shock- looks like retracing
  • #436,458
  • Aug 12, 2016 7:50am Aug 12, 2016 7:50am
TP i love friday Women's mood swings
  • #436,459
  • Aug 12, 2016 7:50am Aug 12, 2016 7:50am
Quoting Wdfx
Well Well... what just happened. My short just stopped out ( missed stop at 2975 and kicked me out at 3000). And then my long order kicked in at 1.3010. all happened in the blink of an eye. Now recovering my losses long goodness gracious. To put it politely. I may need a beer later. What is it that's said about not trading the news... lesson learned

trading is simple but is simple is not easy.
  • #436,460
  • Aug 12, 2016 7:50am Aug 12, 2016 7:50am
Quoting braintheboss
{quote} Its early but i think this is the start movement will close the 1.36500 gap in one or 2 weeks...
It could be. But I really don't know. Right now we are in a short covering. It could develop in something more but we need volume and structure. Let's see
Ubi maior minor cessat
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