Cable Update (GBPUSD) | Page 21971 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #439,401
  • Sep 8, 2016 10:15am Sep 8, 2016 10:15am
3325 tagged a the pip.
Ubi maior minor cessat
  • #439,402
  • Sep 8, 2016 10:20am Sep 8, 2016 10:20am
Quoting Lock
3325 tagged a the pip.
3336 is coming

D.P.

P.S. Moreover we can see 3352 and retrace to the maximal intraday volume. the day seems to be normal.
Hunting High and Low
  • #439,403
  • Sep 8, 2016 10:21am Sep 8, 2016 10:21am
Maybe Its time to buy
I'm high on trading, cant you tell?
  • #439,404
  • Edited 10:52am Sep 8, 2016 10:26am | Edited 10:52am
Quoting Dr.Phoenix
{quote} This is understandable Of course, not, they will be pushing down prices as much as possible. {quote} But why do not you expect upmove, say, on Friday? Best D.P.
On Friday they went too long during preUS. So they have to correct the inventory during pit session. Do you see the pit session profile of Friday? It is a perfect "b" shape. This clearly means that price went down abruptly only to correct pre US up move (inventory too long>>then liquidation of it) and then, because the move was only made for this purpose (not to go seriusly down) price stalled right at the bottom. From this we got the "b" shape.
Then on Monday they want to go higher just to correct Friday inventory too short (and in fact during GB session, when banks were open in London, they did it). After the correction price went too long again and then retraced abruptly downwards (again during GB session). Then US session started (with the US banks closed) and the weak hands piled on the move down carrying price too short. (look at an other "b" shape for pit monday session!) Starting from tuesday night Sydney, Tokyo, anyone in the world know this situation and started immediately to buy, sure enough to find no resistance above considering those who move from there (london liquidation of Monday and Pit session weak hands) Then on tuesday pit session force price up followed by new leggard weak hands putting them in serious troubles. Did you see the pit profile of tuesday? It's the opposite of the pit session profile of Friday. They went too long and then the leggard piled on at the top of the initial fast move. And finally yesterday and today they have been retraced with a double day liquidation. And also in these cases we got 2 well done "b" shaped pit profiles. (even though the current one is not over yet you can easily see the form is developing.)
Best L.
Ubi maior minor cessat
  • #439,405
  • Sep 8, 2016 10:27am Sep 8, 2016 10:27am
Quoting Sammih
Maybe Its time to buy
not yet
  • #439,406
  • Sep 8, 2016 10:32am Sep 8, 2016 10:32am
I have an idea, buy from here (keep buying upto 3250 if it goes down).

Add another long at 3455

SL 3230 (85pips)
Tp 3600 (275 pips)

I'm high on trading, cant you tell?
  • #439,407
  • Sep 8, 2016 10:43am Sep 8, 2016 10:43am
Quoting Lock
{quote} ... And finally yesterday and today they have been retraced with a double day liquidation. And also in these cases we got 2 well done "b" shaped pit profiles. (even though the current one is not over yet you can easily see the form is developing.) Best L.
Please note: a liquidation day can develop in something different sometime. A session can start as a liquidation or a short covering and then develops in a trend day down or up. Or at the opposite a trend day up or down, if to fast and without volume can mutate in a short covering or liquidation day. So in any case you have to monitor for continuation in a trend day and monitor for a possible "change" in the purpose of a liquidation or short covering day.. Right now current session looks like a liquidation. Let's see. (we have still a huge cluster at 3252 zone to correct if a change occurrs)
Ubi maior minor cessat
  • #439,408
  • Sep 8, 2016 10:48am Sep 8, 2016 10:48am
Quoting Lock
{quote} On Friday they went too long during preUS. So they have to correct the inventory during pit session. Do you see the pit session profile of Friday? It is a perfect "b" shape. This clearly means that price went down abruptly only to correct pre US up move (inventory to long>>liquidation) and then, because the move was only mad for this purpose (not to go seriusly down) price stalled rith at the bottom. From this we got the "b" shape. Then on Monday they want to go higher just to correct Friday inventory too short (and in fact...


Nothing to add

Best
D.P.
Hunting High and Low
  • #439,409
  • Sep 8, 2016 10:48am Sep 8, 2016 10:48am
what i see:

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 92 KB
  • #439,410
  • Sep 8, 2016 10:56am Sep 8, 2016 10:56am
Quoting Lock
{quote} Please note: a liquidation day can develop in something different sometime. A session can start as a liquidation or a short covering and then develops in a trend day down or up. Or at the opposite a trend day up or down, if to fast and without volume can mutate in a short covering or liquidation day. So in any case you have to monitor for continuation in a trend day and monitor for a possible "change" in the purpose of a liquidation or short covering day.. Right now current session looks like a liquidation. Let's see. (we have still a huge...
I have not used MP during trading. That is why I missed the puzzle.

Best
D.P.
Hunting High and Low
  • #439,411
  • Sep 8, 2016 10:56am Sep 8, 2016 10:56am
Quoting Dr.Phoenix
{quote} Nothing to add Best D.P.
Thank you very much indeed. Best L.
Ubi maior minor cessat
  • #439,412
  • Sep 8, 2016 11:01am Sep 8, 2016 11:01am
Quoting Lock
{quote} Thank you very much indeed. Best L.
We have come to the 1/2 of the weekly initial balance (@32950) and we seem to begin collecting at this area.

Best
D.P.
Hunting High and Low
  • #439,413
  • Sep 8, 2016 11:01am Sep 8, 2016 11:01am
Quoting Dr.Phoenix
{quote} I have not used MP during trading. That is why I missed the puzzle. Best D.P.

Well, right now if you could see the current pit profile you will notice that current action is still inside initial balance A-B periods. So they didn't test nor the early morning low(B period low) nor the early morning high (A period high) ...morning for US obviously. It is not a sign of great strenght. Also we have not got a single inside bar yet.
Furthermore if you consider the composite profile from 09.02 you will see that currently we are right at the POC of it. And as you know, in order to evade a major poc we need volume. A lot of volume.
Ubi maior minor cessat
  • #439,414
  • Edited 11:19am Sep 8, 2016 11:01am | Edited 11:19am
Quoting Sammih
I have an idea, buy from here (keep buying upto 3250 if it goes down). Add another long at 3455 SL 3230 (85pips) Tp 3600 (275 pips)
you add long at 1.3315
  • #439,415
  • Sep 8, 2016 11:14am Sep 8, 2016 11:14am
3300 long
  • #439,416
  • Sep 8, 2016 11:15am Sep 8, 2016 11:15am
Quoting Lock
{quote} Well, right now if you could see the current pit profile you will notice that current action is still inside initial balance A-B periods. So they didn't test nor the early morning low(B period low) nor the early morning high (A period high) ...morning for US obviously. It is not a sign of great strenght. Also we have not got a single inside bar yet. Furthermore if you consider the composite profile from 09.02 you will see that currently we are right at the POC of it. And as you know, in order to evade a major poc we need volume. A lot of...
Of course no strength is involved yet.

Best
D.P.

P.S. Something like this
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-09-08_19-10-54.jpg Size: 786 KB
Hunting High and Low
  • #439,417
  • Sep 8, 2016 11:30am Sep 8, 2016 11:30am
Quoting Lock
{quote} ....Right now current session looks like a liquidation. Let's see. (we have still a huge cluster at 3252 zone to correct if a change occurrs)
We got a poor low: this a possible change.
Ubi maior minor cessat
  • #439,418
  • Sep 8, 2016 11:40am Sep 8, 2016 11:40am
Interesting thread guys. been scalping both directions for the last few hours. currently long from 3289 hoping for something around 3340. but this is a 1 min trade so watching all the time for signs of a change


gonna keep reading this - hope i'm welcome
https://linktr.ee/Soultrader
  • #439,419
  • Sep 8, 2016 11:48am Sep 8, 2016 11:48am
Quoting Dr.Phoenix
{quote} Of course no strength is involved yet. Best D.P. P.S. Something like this {image}
Yes. Correct. But please note that the weakness here is everywhere. We are in a balance where the high is made by a pit poor high tagging a previous pit high at 34445 (extraordinary weak) and the low by a poor low right here at 3283. This market needs a shake out to escape from such a stall. (...and in the meanwhile it's back to the POC)

I'm off in any case. Best regards. See you tomorrow. (a good continuation for anyone here!)
Ubi maior minor cessat
  • #439,420
  • Sep 8, 2016 11:59am Sep 8, 2016 11:59am
Nice read Lock. Im off now too - stop locked in at break even and going to have some dinner now

If my posts are off topic then please say so - i tend to run short term intraday. most trades an hour or two with a bit of scalping inbetween

trade closed b/e whilst i was writing but a nice 70 pips for the day overall

sayonara
https://linktr.ee/Soultrader
371 traders viewing now