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Cable Update (GBPUSD)

  • #439,261
  • Sep 7, 2016 11:01am Sep 7, 2016 11:01am
Quoting Wdfx
{quote} You seem , yet again to have called it right Dean... Time for a long before a short?
Hey WD - well lets see how it plays - out on the road but hey having fun lol ..
  • #439,262
  • Sep 7, 2016 11:12am Sep 7, 2016 11:12am
Quoting dean1star
{quote} Hey WD - well lets see how it plays - out on the road but hey having fun lol ..
Have a great day. .... Meanwhile, you can pity me ... Mrs Wdfx has me on a three day pressed juice detox. I fell like sh*t. Hopefully will get the benefit in a couple of days time. I enclose a picture no 5 of 6 today.
Attached Image (click to enlarge)
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. Yeuk... Vampire Blood
Striving for consistency
  • #439,263
  • Edited 11:37am Sep 7, 2016 11:26am | Edited 11:37am
Quoting dean1star
{quote} I do Doc - kinda like the first trade as a Marker then see how it plays .. intuitive you are Doc ..
I will exactly say what I am about to see in 2 and a half hours when the current 4h candle is closed.

Best
D.P.

Edited. But yes, the situation is south-oriented for sure.
Hunting High and Low
  • #439,264
  • Sep 7, 2016 11:42am Sep 7, 2016 11:42am
Quoting Wdfx
{quote} Have a great day. .... Meanwhile, you can pity me ... Mrs Wdfx has me on a three day pressed juice detox. I fell like sh*t. Hopefully will get the benefit in a couple of days time. I enclose a picture no 5 of 6 today.{image}. Yeuk... Vampire Blood
Slightly different medicine for me today
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  • #439,265
  • Sep 7, 2016 11:50am Sep 7, 2016 11:50am
Quoting Dr.Phoenix
{quote} I will exactly say what I am about to see in 2 and a half hours when the current 4h candle is closed. Best D.P. Edited. But yes, the situation is south-oriented for sure.
My 4hr candle closes in 15 mins. Here was why i felt convinced about my shorts; after a 4hr candle closes below or above daily pivot point, there is usually something there
Attached Image (click to enlarge)
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I'm high on trading, cant you tell?
  • #439,266
  • Sep 7, 2016 11:58am Sep 7, 2016 11:58am
The Pair is heading 3280 and then 3250!!!!
  • #439,267
  • Sep 7, 2016 12:03pm Sep 7, 2016 12:03pm
Quoting el_duende
{quote} Slightly different medicine for me today {image}

I am a whisky fan. Indeed I was on Islay during February. It has eight distilleries including, Ardbeg, Lagavulin, Laphroaig, Bunnahabhain, Bowmore, Bruichladdich, Kilchoman and Caol Ila. It only has a about 3000 population yet all of these distilleries. The other thing Scotland is good for apart from golf....
Striving for consistency
  • #439,268
  • Edited 12:25pm Sep 7, 2016 12:07pm | Edited 12:25pm
Wow, wow, it is too early to have rest, drinking.

So my observations are:

1. Yes, today we have a sell off, but there is some buying in background.
2. Above we have two levels: VPOC 16.09.06 1.3432 and POC 16.09.07 1.3413 to be VPOC tomorrow.
3. At least one of them needs being tested at a low volume, if BBs have decided to go lower, and - at high breaking volume, if BBs have decided to go upper.
4. Moreover, the last 2-3 hour price is drifting down at the decreasing volume what means BBs are buying.
5. The last intraday balance price was @ 3381, this is the price, where was buying activily.

I am still about to see upmove, but we should be all very attentive to find the best place to liquidate longs, if needed.

Best
D.P.

Edited. I have almost forgotten what The Beige Book is coming...
Hunting High and Low
  • #439,269
  • Sep 7, 2016 12:12pm Sep 7, 2016 12:12pm
Quoting Sammih
{quote} My 4hr candle closes in 15 mins. Here was why i felt convinced about my shorts; after a 4hr candle closes below or above daily pivot point, there is usually something there {image}
closed 3320 me
  • #439,270
  • Sep 7, 2016 12:22pm Sep 7, 2016 12:22pm
Quoting Wdfx
{quote} Have a great day. .... Meanwhile, you can pity me ... Mrs Wdfx has me on a three day pressed juice detox. I fell like sh*t. Hopefully will get the benefit in a couple of days time. I enclose a picture no 5 of 6 today.{image}. Yeuk... Vampire Blood
Great combo btw .. if in doubt try Organic Lemons whole mashed in the liquidiser - spoon full a day with honey - no complaints. Puts the Oxygen back into your system that gets depleted. Works fine for me but only Organic ones .. heres a chart see how it plays ..
Attached Image (click to enlarge)
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  • #439,271
  • Sep 7, 2016 12:31pm Sep 7, 2016 12:31pm
Quoting pointlessfor
{quote} closed 3320 me
nice
I'm high on trading, cant you tell?
  • #439,272
  • Sep 7, 2016 12:44pm Sep 7, 2016 12:44pm
Quoting Dr.Phoenix
Wow, wow, it is too early to have rest, drinking. So my observations are: 1. Yes, today we have a sell off, but there is some buying in background. 2. Above we have two levels: VPOC 16.09.06 1.3432 and POC 16.09.07 1.3413 to be VPOC tomorrow. 3. At least one of them needs being tested at a low volume, if BBs have decided to go lower, and - at high breaking volume, if BBs have decided to go upper. 4. Moreover, the last 2-3 hour price is drifting down at the decreasing volume what means BBs are buying. 5. The last intraday balance price was @ 3381,...
Striving for consistency
  • #439,273
  • Sep 7, 2016 12:46pm Sep 7, 2016 12:46pm
...what do you think about the interest-rate decision of ecb tomorrow?...
I think ecb will increase the rate or mario draghi gives a sign for increasing in next time.
So eurusd long, gbpusd long?
  • #439,274
  • Sep 7, 2016 12:51pm Sep 7, 2016 12:51pm
Quoting salmani-one
...what do you think about the interest-rate decision of ecb tomorrow?... I think ecb will increase the rate or mario draghi gives a sign for increasing in next time. So eurusd long, gbpusd long?
If you are asking me...

Yes, I am still thinking of longs on both of the mentioned pairs.
The downmove we see is corrective, IMO.
On EU I am awaiting for 1290 and to have some shorts above this level for correction.

Best
D.P.
Hunting High and Low
  • #439,275
  • Sep 7, 2016 12:53pm Sep 7, 2016 12:53pm
Quoting Wdfx
{quote} I am a whisky fan. Indeed I was on Islay during February. It has eight distilleries including, Ardbeg, Lagavulin, Laphroaig, Bunnahabhain, Bowmore, Bruichladdich, Kilchoman and Caol Ila. It only has a about...
Yes Islay is the best maker of whisky they are all my favourites. Laphroaig is the strongest whisky I have tasted, incredibly peaty and as my girlfirend says its like kissing an ashtray (i dont smoke haha).

Until recently Laphroaig was my favourite however Ardbeg despite being very pricey is my new number 1. I dare not tell the GF how much it cost
  • #439,276
  • Sep 7, 2016 12:54pm Sep 7, 2016 12:54pm
Quoting elbert3
Just put a buy orders in tp 3470 lol I don't think it will get activated with being closed . Let's try and a sell to 3200 10 pop sl
Keep it simple from Sunday tp at 3400 sold at 3398 might range here back to 3350 and see if it sells to 3200 3300 first
  • #439,277
  • Sep 7, 2016 12:54pm Sep 7, 2016 12:54pm
Quoting Dr.Phoenix
{quote} If you are asking me... Yes, I am still thinking of longs on both of the mentioned pairs. The downmove we see is corrective, IMO. Best D.P.
I see the pair over sold on the 30min and 1 hour chart. I am looking for a retracement at least in the short term.
Striving for consistency
  • #439,278
  • Sep 7, 2016 12:59pm Sep 7, 2016 12:59pm
Quoting Wdfx
{quote} I see the pair over sold on the 30min and 1 hour chart. I am looking for a retracement at least in the short term.
So am I

Best
D.P.
Hunting High and Low
  • #439,279
  • Sep 7, 2016 12:59pm Sep 7, 2016 12:59pm
Quoting salmani-one
...what do you think about the interest-rate decision of ecb tomorrow?... I think ecb will increase the rate or mario draghi gives a sign for increasing in next time. So eurusd long, gbpusd long?
No rate increase neither decrease! Tomorrow is about the state of EU economy and risk based on the impact of past QEs, which is dark. Therefore USD will strengthen in this scenario. The best is to wait for the news to buy/sell because the impact of this news is beyond the immediate reaction (nee jerk). GL!
  • #439,280
  • Sep 7, 2016 1:06pm Sep 7, 2016 1:06pm
Quoting Fadhl
{quote} No rate increase neither decrease! Tomorrow is about the state of EU economy and risk based on the impact of past QEs, which is dark. Therefore USD will strengthen in this scenario. The best is to wait for the news to buy/sell because the impact of this news is beyond the immediate reaction (nee jerk). GL!
As mentioned by Carney at the treasury committee today BOE expects serious risk from the Euro in the next year.

French and German elections are unpredictable and in france especially they expect a brand new government with new ideas. This could possibly be a Frexit. Long term sell the Euro would be my view.
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