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Cable Update (GBPUSD)

  • #439,281
  • Sep 7, 2016 11:10am Sep 7, 2016 11:10am
Waiting bullish setup to go up
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  • #439,282
  • Sep 7, 2016 12:20pm Sep 7, 2016 12:20pm
I would say ECB conference will be the key part for tomorrow news, if they mention about Helicopter money policy we will see big move.
  • #439,283
  • Sep 7, 2016 2:28pm Sep 7, 2016 2:28pm
Carneys trying to save face . Did they get it wrong yes I think so , history is a time in life we learn the truth or lies ?
  • #439,284
  • Sep 7, 2016 2:34pm Sep 7, 2016 2:34pm
My interest rate cut will help UK make a success of Brexit, Carney says, as pound drops below $1.34,,,,, from the newspapers note My ? My that means his rate cut not the other 8 come on ?
  • #439,285
  • Sep 7, 2016 2:41pm Sep 7, 2016 2:41pm
Quoting Darkforce
{quote} What do you think of Carney? A lousy fit for his job? I feel Mervyn King is a better Governor in many ways.
My god we have an other trader . I just noted you come in and I have not seen you around . So I looked at your last post . If you have been reading the thread you will see my post reflecting you're above ,. Regards E
  • #439,286
  • Sep 7, 2016 2:43pm Sep 7, 2016 2:43pm
Short scalps and buying dips lower target but higher targets to account for
  • #439,287
  • Sep 7, 2016 2:46pm Sep 7, 2016 2:46pm
Quoting elbert3
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
The 1 hour was a good candle call as it looks like a strong h/s as I said keep it simple
  • #439,288
  • Sep 7, 2016 2:51pm Sep 7, 2016 2:51pm
Logged on short of to bed gl all
  • #439,289
  • Sep 7, 2016 9:06pm Sep 7, 2016 9:06pm
i am newbie....please correct me if i'm wrong
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  • #439,290
  • Sep 7, 2016 9:47pm Sep 7, 2016 9:47pm
I think we will see more downside then up
  • #439,291
  • Sep 7, 2016 10:58pm Sep 7, 2016 10:58pm
I am long at 3342 Target 3355 then 3380
Striving for consistency
  • #439,292
  • Sep 7, 2016 11:11pm Sep 7, 2016 11:11pm
Quoting Wdfx
I am long at 3342 Target 3355 then 3380
Waiting for some upside too WD - but staying with a short Bias on the long term ..
  • #439,293
  • Sep 7, 2016 11:19pm Sep 7, 2016 11:19pm
Quoting dean1star
{quote} Waiting for some upside too WD - but staying with a short Bias on the long term ..
Cheers Dean, I know I probably am in at the wrong level but went in yesterday evening. I think I would have been better waiting to around 1.3330 for a long entry ....

If you are in LA it must be around 11pm there?
Striving for consistency
  • #439,294
  • Sep 7, 2016 11:26pm Sep 7, 2016 11:26pm
Quoting Lock
....Below We have a huge m30 Tokyo cluster at 33185 (6 periods lows). We have a poor low for today Tokyo low at 33016. ....

Good morning, I quote here what I wrote 2 days ago because yesterday pit session tagged exactly and for 2 times in a row the ugly cluster from Tokyo 09.06 at 33185 that now became impressive for weakness. And now we have also a new cluster lows (Tokyo plus Syney) at 33315. Also if we remain here for the next 40 minutes we are going to open GB with a down gap from yesterday gb low at 33585. If preserved we could then go down from here (at least for initial GB) even considering the weakness of the levels above.
Ubi maior minor cessat
  • #439,295
  • Sep 7, 2016 11:32pm Sep 7, 2016 11:32pm
Quoting Lock
{quote} Good morning, I quote here what I wrote 2 days ago because yesterday pit session tagged exactly and for 2 times in a row the ugly cluster from Tokyo 09.06 at 33185 that now became impressive for weakness. And now we have also a new cluster lows (Tokyo plus Syney) at 33315. Also if we remain here for the next 40 minutes we are going to open GB with a down gap from yesterday gb low at 33585. If preserved we could then go down from here (at least for initial GB) even considering the weakness of the levels above.
Thanks lock, I'll take that as a warning sign for me.
Striving for consistency
  • #439,296
  • Sep 7, 2016 11:39pm Sep 7, 2016 11:39pm
Quoting Wdfx
{quote} Cheers Dean, I know I probably am in at the wrong level but went in yesterday evening. I think I would have been better waiting to around 1.3330 for a long entry .... If you are in LA it must be around 11pm there?
It is past 11 pm here - its kinda cool to see the markets asia to uk at this time rather than with a coffee early in the morning .. One thing you become is an insomniac lol .. but great to be on the road and not so glued to the screen ..
  • #439,297
  • Sep 7, 2016 11:39pm Sep 7, 2016 11:39pm
Eur/Gbp hitting supply area, will it go higher or be sold pushing Cable back up?

Thoughts anyone???
Don't Leave Money on the Table
  • #439,298
  • Sep 7, 2016 11:41pm Sep 7, 2016 11:41pm
Quoting Lock
{quote} Good morning, I quote here what I wrote 2 days ago because yesterday pit session tagged exactly and for 2 times in a row the ugly cluster from Tokyo 09.06 at 33185 that now became impressive for weakness. And now we have also a new cluster lows (Tokyo plus Syney) at 33315. Also if we remain here for the next 40 minutes we are going to open GB with a down gap from yesterday gb low at 33585. If preserved we could then go down from here (at least for initial GB) even considering the weakness of the levels above.
33315 has been immediately removed after my post but now we got a Tokyo poor low right hereat 3328. So the auction looks not over yet. Also consider that yesterday was an inside day of the day before.
So we are in balance and we could break from here. Break out rules are easy: it can break down and fails then the target could be the opposite side of the balance. Or it can break and accelerate (also with volume) and then you have to monitor for continuation (meaning that you do not want to see price up and down the break out level to many times in order to have a meaningfull continuation downside).
Ubi maior minor cessat
  • #439,299
  • Sep 7, 2016 11:46pm Sep 7, 2016 11:46pm
Quoting Wdfx
{quote} Thanks lock, I'll take that as a warning sign for me.
You're welcome but watch out! As said we are in an environment where major timeframes are currently absent. This is a market ruled by weak hands and I'm not the only one to know this. So at any moment, those who are not acting for a long period of time could step in and take the opportunity to punish poor people operating now. Above we have ridicolous weak references from yesterday and the day before: carry these information forward even if price continue down.
Ubi maior minor cessat
  • #439,300
  • Sep 7, 2016 11:52pm Sep 7, 2016 11:52pm
Quoting Lock
{quote} You're welcome but watch out! As said we are in an environment where major timeframes are currently absent. This is a market ruled by weak hands and I'm not the only one to know this. So at any moment, those who are not acting for a long period of time could step in and take the opportunity to punish poor people operating now. Above we have ridicolous weak references from yesterday and the day before: carry these information forward even if price continue down.
Btw if there is continuation down (if it breaks and accelerate down, as written) then a possible (future) target is clearly the 3252 cluster lows zone.
Ubi maior minor cessat
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