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Cable Update (GBPUSD)

  • #436,481
  • Aug 12, 2016 8:40am Aug 12, 2016 8:40am
Quoting HaLBot
Quote of the Day anyone???????

Less is more
Ubi maior minor cessat
  • #436,482
  • Aug 12, 2016 8:41am Aug 12, 2016 8:41am
Quoting KeenPips
{quote} Good suggestion m8. Nice to hear that you are making progress with FF. Very good spirit. KP
I don't know if its help my trading joining FF though. I was up 290pips last week down 100 this week .... Hehhe
Striving for consistency
  • #436,483
  • Aug 12, 2016 8:47am Aug 12, 2016 8:47am
Quoting KeenPips
{quote} Imho, take your profit and wait for any other trading opportunity. KP
Thanks for the solid advice shame i didn't listen. Still have a hope and a prayer, lets see. Brutal retracement probably take my stop and move north now, would be typical lol.
Loser trying to become a winner!
  • #436,484
  • Aug 12, 2016 8:49am Aug 12, 2016 8:49am
It is now testing its own yesterday rally high at 29715. If we get confirmation below we could have a full retracement of yesterday pit session down to 2952 or more. If not all the way back to close yesterday gap up to 29905.
Ubi maior minor cessat
  • #436,485
  • Aug 12, 2016 8:52am Aug 12, 2016 8:52am
Quoting Lock
It is now testing its own yesterday rally high at 29715. If we get confirmation below we could have a full retracement of yesterday pit session down to 2952 or more. If not all the way back to close yesterday gap up to 29905.
Well if you notice where the weekly candle is trading then shorting would be more logical with the higher time frame flow of money ..
  • #436,486
  • Aug 12, 2016 8:52am Aug 12, 2016 8:52am
I guess this pair is short only doesn't matter the news.
  • #436,487
  • Aug 12, 2016 8:53am Aug 12, 2016 8:53am
Quoting Lock
It is now testing its own yesterday rally high at 29715. If we get confirmation below we could have a full retracement of yesterday pit session down to 2952 or more. If not all the way back to close yesterday gap up to 29905.

I'll take the second option thanks M8...
Don't Leave Money on the Table
  • #436,488
  • Aug 12, 2016 8:57am Aug 12, 2016 8:57am
Recovered from the earlier spike. Hopefully it will keep going down now.
Striving for consistency
  • #436,489
  • Aug 12, 2016 8:59am Aug 12, 2016 8:59am
Quoting dean1star
{quote} Well if you notice where the weekly candle is trading then shorting would be more logical with the higher time frame flow of money ..
Yes, correct, weekly is in a break down after the failed breakout upwards above the 2 weeks balance high at 33145. I'm surely considering it. At the same time, because I'm a day trader, I'm also observing minor daily refs: without those I could short immediately 1 hour ago only to be stopped out right after that entry.
Ubi maior minor cessat
  • #436,490
  • Aug 12, 2016 9:02am Aug 12, 2016 9:02am
Quoting Lock
{quote} No gap higher. It opened 1 pip below yesterday pit high. Anyway: let's see if there is acceptation below or above that level (29835) We are now inside yesterday pit gap down.

Now it looks like there is some acceptation of yesterday pit range (we are in the second period building below 29835). Anyway we are still above yesterday rally high at 29715: conflicting information.
Ubi maior minor cessat
  • #436,491
  • Aug 12, 2016 9:02am Aug 12, 2016 9:02am
70 pip drop since Retail Sales - be careful
  • #436,492
  • Aug 12, 2016 9:02am Aug 12, 2016 9:02am
Quoting Wdfx
{quote} I don't know if its help my trading joining FF though. I was up 290pips last week down 100 this week .... Hehhe
Look to the overall progress you are making, not the immediate profits/losses. Green pips to you.

KP
Do your homework, follow the footprints of smart money
  • #436,493
  • Aug 12, 2016 9:06am Aug 12, 2016 9:06am
Quoting Wdfx
Recovered from the earlier spike. Hopefully it will keep going down now.

Well Euro gaining traction now from pullback so could drag Cable up with it(saying could, don't quote me) but Cable being hammered by Eur/Gbp so no follow through to the upside....
Don't Leave Money on the Table
  • #436,494
  • Aug 12, 2016 9:06am Aug 12, 2016 9:06am
Probably bs sideways algo stophunt bullshit now rest of the day being friday
Loser trying to become a winner!
  • #436,495
  • Aug 12, 2016 9:07am Aug 12, 2016 9:07am
Quoting mades
I guess this pair is short only doesn't matter the news.
maybe you are right this pair it curse by darkness maybe give him 5 year to 1.5 again hehe

but i also buy again
  • #436,496
  • Aug 12, 2016 9:11am Aug 12, 2016 9:11am
Quoting Lock
A started as written 1 pip above yesterday pit unchanged at 12955. B period started 1 pip above yesteray pit half back at 29675. Current C m30 period low is weak at preUS half back 29945. Carry these information forward if you like.
All taken out. Now if there is continuation downside we could have(as written):

  1. 2952 yesterday pit poor low (very probable now)
  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

Note anyway that current B period started at yesterday pit open: it is weak. So this market is still controlled by weak hands. And note also that if preUS could be considered as a short covering, current correction down could be also be considered as a liquidation of that short covering. Obviously it could develop into something more, but also in this case we need structure and volume.

Ubi maior minor cessat
  • #436,497
  • Aug 12, 2016 9:16am Aug 12, 2016 9:16am
Quoting HaLBot
{quote} Well Euro gaining traction now from pullback so could drag Cable up with it(saying could, don't quote me) but Cable being hammered by Eur/Gbp so no follow through to the upside....
Well Euro made me a liar...small spike up then also started heading south again....I guess this move up on news was never about a buying continuation, just a quick profit. Maybe head back up later then make me a liar again....LOL
Don't Leave Money on the Table
  • #436,498
  • Aug 12, 2016 9:22am Aug 12, 2016 9:22am
Quoting HaLBot
{quote} Well Euro made me a liar...small spike up then also started heading south again....I guess this move up on news was never about a buying continuation, just a quick profit. Maybe head back up later then make me a liar again....LOL
euro up up up.
  • #436,499
  • Aug 12, 2016 9:24am Aug 12, 2016 9:24am
FFs stop messing me around and take my stop at 48 so i can do something other then stare at screen!
Loser trying to become a winner!
  • #436,500
  • Aug 12, 2016 9:25am Aug 12, 2016 9:25am
Quoting pointlessfor
{quote} euro up up up.
Yeah I agree but usually on such poor news from US it's a 100 pip move then a pull back of 30 then up again....
Don't Leave Money on the Table
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