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Cable Update (GBPUSD)

  • #439,341
  • Sep 8, 2016 5:41am Sep 8, 2016 5:41am
Quoting salmani-one
...the best Action will be to wait the Market data, and act after...
...with eurusd and gbpusd....
  • #439,342
  • Sep 8, 2016 5:55am Sep 8, 2016 5:55am
So, EU has hit the VPOC @ 2920.
Awaiting the appropriate behaviour from GU.

Best
D.P.

P.S. I meant notes @D.P. - "Above we have two levels: VPOC 16.09.06 1.3432 and POC 16.09.07 1.3413 to be VPOC tomorrow."
Hunting High and Low
  • #439,343
  • Sep 8, 2016 6:02am Sep 8, 2016 6:02am
Quoting Lock
Do not forget that yesterday was an attempted break out from monthly balance. We played at 33715 (break out level) for more then 6 hours so this was and is a relevant level also for today and the next days. Pit session closed down from it but to me, yesteerday pit session looks like a liquidation more then something more serious. The weakness above are and remain curious.
Where we are now? Exactly at 33715... What a surprise!!
Ubi maior minor cessat
  • #439,344
  • Sep 8, 2016 6:04am Sep 8, 2016 6:04am
Quoting Lock
{quote} Where we are now? Exactly at 33715... What a surprise!!
Time to short now
  • #439,345
  • Sep 8, 2016 6:12am Sep 8, 2016 6:12am
Quoting hierro-scalp
{quote} Time to short now
I've no idea whatsoever. It is all weak above an below. The only thing I'm seeing is that we are in a daily trend up (7 days in a row), but all this move is extraordinary weak. At the same time yesterday high is incredibly weak. So a lot of volatility can easily remove a big part of the weak partecipants to this market, before to go somewhere. At the moment I opted to be not involved in such a situation.
Hope fine for your trading and regards, L.
Ubi maior minor cessat
  • #439,346
  • Sep 8, 2016 6:12am Sep 8, 2016 6:12am
Quoting Lock
{quote} Where we are now? Exactly at 33715... What a surprise!!
Yeah, this is the cluster where was buying yesterday. So we might expect rotation around this area.

Best
D.P.

P.S. A picture

Take notes of having two daily VPOCs below and two daily VPOCs above the current area.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-09-08_14-14-39.jpg Size: 839 KB
Hunting High and Low
  • #439,347
  • Sep 8, 2016 6:23am Sep 8, 2016 6:23am
Quoting Dr.Phoenix
{quote} Yeah, this is the cluster where was buying yesterday. So we might expect rotation around this area. Best D.P. P.S. A picture Take notes of having two daily VPOCs below and two daily VPOCs above the current area. {image}
Yes I see. A very difficult market. Let's see if after today we could have some partecipation from bigger timeframes.
Kind regards, L.
Ubi maior minor cessat
  • #439,348
  • Sep 8, 2016 6:36am Sep 8, 2016 6:36am
... I think every tecnical Analysis is for nothing at the moment....
  • #439,349
  • Sep 8, 2016 6:41am Sep 8, 2016 6:41am
Quoting salmani-one
... I think every tecnical Analysis is for nothing at the moment....
Why?

Really wanted to sell at 337 according to my TA(add to my existing shorts)
I'm high on trading, cant you tell?
  • #439,350
  • Sep 8, 2016 6:44am Sep 8, 2016 6:44am
Quoting Lock
{quote} Yes I see. A very difficult market. Let's see if after today we could have some partecipation from bigger timeframes. Kind regards, L.
how do you determine which 'timeframes' are active?
I'm high on trading, cant you tell?
  • #439,351
  • Sep 8, 2016 6:58am Sep 8, 2016 6:58am
My trade (1) SL hit
But My short view is still maintained
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1TA.png Size: 46 KB
I'm high on trading, cant you tell?
  • #439,352
  • Sep 8, 2016 6:59am Sep 8, 2016 6:59am
This is neither here nor there but is the EURAUD making a double bottom?
I'm high on trading, cant you tell?
  • #439,353
  • Sep 8, 2016 7:09am Sep 8, 2016 7:09am
... I think the market is waiting for mr. draghi...
  • #439,354
  • Sep 8, 2016 7:16am Sep 8, 2016 7:16am
Quoting Sammih
My trade (1) SL hit But My short view is still maintained {image}
ur chat looks good and promises south drives, but mr draghi, could be in his limo heading to the conference hall, hmmmmn ,is a bull show ahead?
  • #439,355
  • Sep 8, 2016 7:24am Sep 8, 2016 7:24am
I will be super excited if price is below 1.333 at the top of the hour, I think I might sell some more
I'm high on trading, cant you tell?
  • #439,356
  • Sep 8, 2016 7:25am Sep 8, 2016 7:25am
Quoting yuddy
{quote} ur chat looks good and promises south drives, but mr draghi, could be in his limo heading to the conference hall, hmmmmn ,is a bull show ahead?
I think technically, South is the way today. 3391 is where Ill start buying
I'm high on trading, cant you tell?
  • #439,357
  • Sep 8, 2016 7:26am Sep 8, 2016 7:26am
Short GU 1.3344 Target 1.3290
Just 20 pips a day to riches
  • #439,358
  • Sep 8, 2016 7:26am Sep 8, 2016 7:26am
Quoting pointlessfor
{quote} this HS very nice. and you see 3250 is very good price where proportion ends.
3250 seems nice, ill put my targets there

seems 3318 is the only obstacle for now
I'm high on trading, cant you tell?
  • #439,359
  • Sep 8, 2016 7:28am Sep 8, 2016 7:28am
Quoting Sammih
{quote} how do you determine which 'timeframes' are active?
As previuosly written, when you see exact references used as starting point you may consider such a move as ruled and mastered by weak hands (lowest of the timeframes). After that yoy have two major kind of operators: those who know these refs and wait in order to profit when they see a lot of them in a row (because they are bigger they can go against them and hope to win) and those (the biggest) who have no idea about those refs and for this reason are not involved in a market that makes any single move starting from them. So right now there are only the lowest timeframes (weak hands) involved because above and below we can only see weak references used. We can hopefully wish to see a bigger timeframe stepping in if they will find a clear opportunity. I do not think we will see the biggest at all, because they are doing nothing for months.
Ubi maior minor cessat
  • #439,360
  • Sep 8, 2016 7:30am Sep 8, 2016 7:30am
Quoting Sammih
{quote} I think technically, South is the way today. 3391 is where Ill start buying
shorted from 3360, but pulled out with some pips , watching how the show pans out till 3pm
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