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Cable Update (GBPUSD)

  • #439,361
  • Sep 8, 2016 7:31am Sep 8, 2016 7:31am
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 you 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 wait 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
  • #439,362
  • Sep 8, 2016 7:31am Sep 8, 2016 7:31am
Good $ employment news but no real response (yet)
  • #439,363
  • Sep 8, 2016 7:38am Sep 8, 2016 7:38am
Did ECB Press Conference begin online?

Best
D.P.
Hunting High and Low
  • #439,364
  • Sep 8, 2016 7:42am Sep 8, 2016 7:42am
Quoting el_duende
Good $ employment news but no real response (yet)
maybe after draghi gets off the conference
  • #439,365
  • Sep 8, 2016 7:50am Sep 8, 2016 7:50am
Quoting Dr.Phoenix
Did ECB Press Conference begin online? Best D.P.
Inserted Video
Let the market come to you, patience is the key !
  • #439,366
  • Sep 8, 2016 7:57am Sep 8, 2016 7:57am
3311 i closed now
  • #439,367
  • Sep 8, 2016 7:59am Sep 8, 2016 7:59am
Quoting Dr.Phoenix
Did ECB Press Conference begin online? Best D.P.
http://www.ecb.int/press/tvservices/.../index.en.html
I'm high on trading, cant you tell?
  • #439,368
  • Sep 8, 2016 8:00am Sep 8, 2016 8:00am
Quoting pointlessfor
3311 i closed now
im still holding for 3250

Added short 333
I'm high on trading, cant you tell?
  • #439,369
  • Edited 8:22am Sep 8, 2016 8:02am | Edited 8:22am
Interesting... The price is being supported by BBs.

D.P.

Quoting Sammih
{quote} http://www.ecb.int/press/tvservices/.../index.en.html
Great
D.P.
Hunting High and Low
  • #439,370
  • Sep 8, 2016 8:13am Sep 8, 2016 8:13am
Quoting Sammih
{quote} im still holding for 3250 Added short 333
i will short later
  • #439,371
  • Sep 8, 2016 8:16am Sep 8, 2016 8:16am
Quoting pointlessfor
{quote} i will short later
Im using your advice on 3250 as a target for my trades
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1834.png Size: 27 KB
I'm high on trading, cant you tell?
  • #439,372
  • Sep 8, 2016 8:23am Sep 8, 2016 8:23am
Quoting smokjr
{quote} http://www.youtube.com/watch?v=OauFPnkVMrM
Thanks as well
D.P.
Hunting High and Low
  • #439,373
  • Sep 8, 2016 8:29am Sep 8, 2016 8:29am
I would say,if you already have EurGBP long, keep it for couple hours if didn't cross 8500, or tries to go under 8470 cash it!
  • #439,374
  • Sep 8, 2016 8:34am Sep 8, 2016 8:34am
For whose who are interested in

Market Profile software

Best
D.P.
Attached File(s)
File Type: ex4 ay-MarketProfileDWM.v1.31.rev1.ex4   17 KB | 379 downloads
File Type: mq4 ay-MarketProfileDWM.v1.31.rev1.mq4   36 KB | 471 downloads
Hunting High and Low
  • #439,375
  • Sep 8, 2016 8:34am Sep 8, 2016 8:34am
Quoting Sammih
{quote} Im using your advice on 3250 as a target for my trades {image}
yes i hope that target too. maybe today later we going down to 3250. tomorrow strong up or consolidation
  • #439,376
  • Sep 8, 2016 8:40am Sep 8, 2016 8:40am
Quoting Lock
...as you see. Now the last 2 hours were benchmarks. They established a range. The firs one to the down side (low at Tokyo poor low 33285) the second one at current GB high (yesterday unchanged) at 33635. So any further move will test one of these two refs for sure. Because this is their purpose. In the mean wile we can also stay inside them. Note anyway that GB was not able to stay above yes unchanged so its value is currently building lower than yesterday value. Also GB was not able...
Again an other surprise: where are we now? Exactly at the bottom of the 1 benchmark bar. Right inside the balance 33285-33635, around yesterday pit unchanged! So nothing happened yet... but the fact that both side of this balance have been tested up from GB and below from preUS.
Ubi maior minor cessat
  • #439,377
  • Sep 8, 2016 8:40am Sep 8, 2016 8:40am
Quoting Dr.Phoenix
For whose who are interested in Market Profile software Best D.P. {file} {file}
thanks. good indi
  • #439,378
  • Sep 8, 2016 8:41am Sep 8, 2016 8:41am
Quoting Dr.Phoenix
For whose who are interested in Market Profile software Best D.P. {file} {file}
Thanks much appreciated
Striving for consistency
  • #439,379
  • Sep 8, 2016 8:49am Sep 8, 2016 8:49am
Quoting Lock
{quote} Again an other surprise: where are we now? Exactly at the bottom of the 1 benchmark bar. Right inside the balance 33285-33635, around yesterday pit unchanged! So nothing happened yet... but the fact that both side of this balance have been tested up from GB and below from preUS.
Look at these two bars at the picture below.

the first bar has a wide spread and much volume, but the second has the narrower spread and the greater volume. Why? The answer the only one - it is because of buying in background. Of course the current area should be tested to go upper.

Best
D.P.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-09-08_16-44-55.jpg Size: 612 KB
Hunting High and Low
  • #439,380
  • Sep 8, 2016 9:06am Sep 8, 2016 9:06am
Quoting Dr.Phoenix
For whose who are interested in Market Profile software Best D.P. {file} {file}
I'm high on trading, cant you tell?
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