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Cable Update (GBPUSD)

  • #439,181
  • Sep 6, 2016 2:02pm Sep 6, 2016 2:02pm
Mmmmmmm can't get off watching here Sam 4 hour and 1 hour might have two faces if it shorts to 3350 and ranges then I will be looking at 3170 as a possible .sorry had to get that out of my head ? Lol might sleep now night guys
  • #439,182
  • Sep 6, 2016 2:40pm Sep 6, 2016 2:40pm
#GBPUSD short traded did not pan out..... got stopped out with minor loss.... cycle turn date became a dud

Pound is showing strength by taking out 1.3371 with a bull kicker.... it may head toward 1.3479ish.... I will remain on the sidelines for now... Kudos to the bulls
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"W. D. Gann said that time is the most important factor among all things."
  • #439,183
  • Sep 6, 2016 3:01pm Sep 6, 2016 3:01pm
Goldman Sachs said: GBP/USD 1.20 in three months.
So 2 months left....
Stop going for the easy buck
  • #439,184
  • Sep 6, 2016 6:17pm Sep 6, 2016 6:17pm
sell pound full margin from 1.3430 ..i saw the goldman sach took place
The High Frequency Trader with 10years experience
  • #439,185
  • Sep 6, 2016 7:05pm Sep 6, 2016 7:05pm
Quoting Fangker
sell pound full margin from 1.3430 ..i saw the goldman sach took place
hello fangker....

sorry, who is goldman?!
  • #439,186
  • Sep 6, 2016 7:55pm Sep 6, 2016 7:55pm
Quoting elbert3
{quote} sorry dig for late reply had a couple or busy days and long ones . Still going for that Sunday 3470 locked in now at 3400 overnight and I will short 3398 into a scalp retrace and let it run if if it goes B off to bed now as I have a 4 am wake to drive over to jersey
No worries my friend ,
  • #439,187
  • Sep 6, 2016 9:47pm Sep 6, 2016 9:47pm
still short. and short here 3408 my 4 short. we meet at 3250 and then up to 3600
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 28 KB
  • #439,188
  • Sep 6, 2016 10:42pm Sep 6, 2016 10:42pm
After the good strike of data from UK, what can we expect from the BOE to do in 15 september. Wil they do nothing and wait to see if the strike of good data continues, or will the ease anyway. My personal opinion is they will do nothing, instead they will want to see if the good data combo continues, and if it continues probably there will be no need for more easing.
If you have a variant perception on the case you can share it by responding to this comment!
  • #439,189
  • Sep 6, 2016 11:29pm Sep 6, 2016 11:29pm
Quoting elbert3
{quote} Hi s just out of interest did you go with my last post to you. Regards E
Cant remember that one, what was it about?
I'm high on trading, cant you tell?
  • #439,190
  • Edited 11:45pm Sep 6, 2016 11:31pm | Edited 11:45pm
Good morning,
if GB will open around here it will with a notable gap upwards. A gap generally works as a sort of substitute for the lack of excess in the profiles: so even though we have an ugly structure below with no excess and buying tales if the gap will occurrs and preserved it could work as support for further movement up side. Having written that, I've seen in my experience, big gap retraced in a metter of seconds: so tha game here is to evaluate if a possible gap will be enough to skipp the incredible weakness below or not.

Targets above are the same of yesterday evening:

  1. 34228 current Tokyo poor high cluster (cluster means more than 2 highs at the same level)
  2. 34382 Sydney high tagging yesterday pit unchanged (close price)
  3. 34445 Pit session poor high tagging previous pit high of 06.30 (extraordinary weak)
  4. 34805 July Tokyo poor high
  5. 34963-35466 old GB gap down

Below we got:

  1. 3404 current Tokyo poor low
  2. 3393 (down to) yesterday pit session minus develpment (similar to the concept of hidden gap if you like)
  3. 33015 yesterday Tokyo poor low
  4. 3252 (zone) major lows cluster: 09.02 preUS low, 09.02 GB poor low cluster, 09.01 Pit session low: extraordinary weak.

Ubi maior minor cessat
  • #439,191
  • Sep 6, 2016 11:34pm Sep 6, 2016 11:34pm
Hi guys

is there any idea for short GU ?

and how about today news on GBP? (Manufacturing Production m/m)

THANKS ALL
  • #439,192
  • Sep 6, 2016 11:35pm Sep 6, 2016 11:35pm
Quoting elbert3
{quote} Inverted hammer on your chart ? For me I will be looking at the last break out . But it tells us it can break out not on my chart but is the top of the hammer on a 61% ext of the last breaks if you can understand that Sorry but off to bed now be of interest if you can confirm . Regards E and good night
Its a very interesting area for the cable to be trading in that's for sure. My Daily Chart confirms bullish bias, I am a firm bull upto 4100. But a retest of support is imminent before any move. I dont know if what ive posted is what you are referring to. In that case seems 3480 is the only resistance before 4100( at leat on the 4hr TF)
Attached Image (click to enlarge)
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I'm high on trading, cant you tell?
  • #439,193
  • Sep 6, 2016 11:39pm Sep 6, 2016 11:39pm
so good going for the correction up as far possible upto 1.3800 - even 1.40+-41.max chance breaks 1.3477( likely today ), 3532, 3682 before any great fall next again, as playing with confidence in a sell areas & hold so far, got good double bottom support . should stays up for months with good monthly wicks in place. take care , fontu
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDMonthly.png Size: 34 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #439,194
  • Sep 6, 2016 11:46pm Sep 6, 2016 11:46pm
Quoting hamidabdiyan
Hi guys is there any idea for short GU ? and how about today news on GBP? (Manufacturing Production m/m) THANKS ALL
I think so, but still too early to enter short at the moment. Price seems to be quite comfortable where it is at the moment. Id wait for price to break daily pivot before shorting. Secondly, this news release is a good event to trade because its not dangerous, it moves the currency in a directional move for the rest of the day so it'll be easy to trade after its been released.

I think it'll be a red figure, like -0.6%
I'm high on trading, cant you tell?
  • #439,195
  • Sep 6, 2016 11:48pm Sep 6, 2016 11:48pm
Quoting Lock
Good morning, if GB will open around here it will with a notable gap upwards. A gap generally works as a sort of substitute for the lack of excess in the profiles: so even though we have an ugly structure below with no excess and buying tales if the gap will occurrs and preserved it could work as support for further movement up side. Having written that, I've seen in my experience, big gaps retraced in a metter of seconds....
Obviously anyone can see the attempted monthly break out upwards from August inside month of July. The break out level is at August high (GB session high) at 33715. In order to have continuation we want price confirming above that level. So this number is extremely important today.
Ubi maior minor cessat
  • #439,196
  • Sep 6, 2016 11:50pm Sep 6, 2016 11:50pm
Quoting fontu
so good going for the correction up as far possible upto 1.3800 - even 1.40+-41.max chance breaks 1.3477( likely today ), 3532, 3682 before any great fall next again, as playing with confidence in a sell areas & hold so far, got good double bottom support . should stays up for months with good monthly wicks in place. take care , fontu {image} {image}
great analysis m8, as always, thanks
I'm high on trading, cant you tell?
  • #439,197
  • Sep 6, 2016 11:53pm Sep 6, 2016 11:53pm
Quoting Lock
{quote} Obviously anyone can see the attempted monthly break out upwards from August inside month of July. The break out level is at August high (GB session high) at 33715. In order to have continuation we want price confirming above that level. So this number is extremely important today.
i agree, though i really have no clue about market profile, but that price level will be significant
I'm high on trading, cant you tell?
  • #439,198
  • Sep 7, 2016 12:00am Sep 7, 2016 12:00am
Quoting hamidabdiyan
Hi guys is there any idea for short GU ? and how about today news on GBP? (Manufacturing Production m/m) THANKS ALL
seems plausible
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1qw.png Size: 56 KB
I'm high on trading, cant you tell?
  • #439,199
  • Sep 7, 2016 12:07am Sep 7, 2016 12:07am
Quoting Lock
{quote} Obviously anyone can see the attempted monthly break out upwards from August inside month of July. The break out level is at August high (GB session high) at 33715. In order to have continuation we want price confirming above that level. So this number is extremely important today.
Thanks Lock, I am looking for a pull back below 3400 before going long. Lets see if it can break the 3410 level first.
Striving for consistency
  • #439,200
  • Sep 7, 2016 12:10am Sep 7, 2016 12:10am
Quoting Sammih
{quote} i agree, though i really have no clue about market profile, but that price level will be significant

Market profile lets you see where buyers and sellers want to do business and as Adam at my brokers tells me it gives you the understanding that trading forex can be likened to an auction....

To me Cable looks a bit top heavy and due for some pullback but if we get a good print of manufacturing and Industrial production expect Cable to go beyond 3480....IMHo
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