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Cable Update (GBPUSD)

  • #439,561
  • Sep 9, 2016 8:16am Sep 9, 2016 8:16am
Quoting Lock
{quote} I forgot it: all the initial balances and also the entire ranges of the last four session (Sydney, Tokyo, London and preUS) are included in the yesterday pit session initial balance. And we are now in a 20 hours full balance. And current period B tagged exactly yesterday pit session unchanged (day close price) Best L.
I do not track too long back, however, it is interesting..
Anyway look at the yesterday's IB NY session. it is wide enough. Today's IB Asia and IB London are completely within the yesterday's IB NY.

Best
D.P.
Hunting High and Low
  • #439,562
  • Sep 9, 2016 8:18am Sep 9, 2016 8:18am
Maybe I can see something else. A sight to behold. Look here people, when they will be teaching of Head and Shoulder candle formation, this will be the perfect example.....if target is hit that is
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1perfect head and shoulder.png Size: 36 KB
I'm high on trading, cant you tell?
  • #439,563
  • Sep 9, 2016 8:19am Sep 9, 2016 8:19am
Please, note the big "volume" divergence from Tuesday pit session high. Price went down substantially from there while "volume" decresed.
Ubi maior minor cessat
  • #439,564
  • Sep 9, 2016 8:23am Sep 9, 2016 8:23am
Quoting Sammih
Maybe I can see something else. A sight to behold. Look here people, when they will be teaching of Head and Shoulder candle formation, this will be the perfect example.....if target is hit that is {image}
Technically we didn't have the final confirmation coming when volume further increases during the decline of the right shoulder. Ido not use pattern anyway. They are very tricky in my experience. The fact here is that we have in very little space 3 poor low in a row (yes pit session, today London and current preUS). Those should be removed. But after that who knows? We have 2 liquidation pit sessions to correct above plus a huge weakness at the top of them. Let's see.
Ubi maior minor cessat
  • #439,565
  • Sep 9, 2016 8:28am Sep 9, 2016 8:28am
Quoting Lock
{quote} Technically we didn't have the final confirmation coming when volume further increases during the decline of the right shoulder. Ido not use pattern anyway. They are very tricky in my experience. The fact here is that we have in very little space 3 poor low in a row (yes pit session, today London and current preUS). Those should be removed. But after that who knows? We have 2 liquidation pit sessions to correct above plus a huge weakness at the top of them. Let's see.

For today if continue down I see 3252 zone. Below that we have the huge pit gap up.
Ubi maior minor cessat
  • #439,566
  • Sep 9, 2016 8:28am Sep 9, 2016 8:28am
Just Shorted on Euro USD - see if they run the same direction with Pound Dollar
  • #439,567
  • Sep 9, 2016 8:29am Sep 9, 2016 8:29am
The 4H lower channel trendline should be tested again soon, probably next week (around 1.3206).
  • #439,568
  • Sep 9, 2016 8:30am Sep 9, 2016 8:30am
target hit. one holidng to 3250
  • #439,569
  • Sep 9, 2016 8:31am Sep 9, 2016 8:31am
Quoting Lock
{quote} Technically we didn't have the final confirmation coming when volume further increases during the decline of the right shoulder. Ido not use pattern anyway. They are very tricky in my experience. The fact here is that we have in very little space 3 poor low in a row (yes pit session, today London and current preUS). Those should be removed. But after that who knows? We have 2 liquidation pit sessions to correct above plus a huge weakness at the top of them. Let's see.
At last!!!!! Now watch out! I can go further to 3252 or retrace here. Monitor for continuation. It tagged at the pip the 09.01 pit session prominent POC.
Ubi maior minor cessat
  • #439,570
  • Sep 9, 2016 8:33am Sep 9, 2016 8:33am
Quoting dean1star
Just Shorted on Euro USD - see if they run the same direction with Pound Dollar
  • #439,571
  • Sep 9, 2016 8:34am Sep 9, 2016 8:34am
Quoting dean1star
Just Shorted on Euro USD - see if they run the same direction with Pound Dollar
Watch for reversal soon.
  • #439,572
  • Sep 9, 2016 8:41am Sep 9, 2016 8:41am
Quoting Lock
{quote} Technically we didn't have the final confirmation coming when volume further increases during the decline of the right shoulder. Ido not use pattern anyway. They are very tricky in my experience. The fact here is that we have in very little space 3 poor low in a row (yes pit session, today London and current preUS). Those should be removed. But after that who knows? We have 2 liquidation pit sessions to correct above plus a huge weakness at the top of them. Let's see.
I have it right though, the basic idea?
Attached Image (click to enlarge)
Click to Enlarge Name: headnshoulder.png Size: 16 KB
I'm high on trading, cant you tell?
  • #439,573
  • Sep 9, 2016 8:42am Sep 9, 2016 8:42am
Quoting Lock
{quote} At last!!!!! Now watch out! I can go further to 3252 or retrace here. Monitor for continuation. It tagged at the pip the 09.01 pit session prominent POC.
Did you see the reaction at the 3252 zone? It's automatic buy. Let's see if we will have confirmation below it or not. If not. All the way up. If yes, the pit gap up is a wide field down to 3137(edit) zone.
Ubi maior minor cessat
  • #439,574
  • Sep 9, 2016 8:42am Sep 9, 2016 8:42am
Quoting dean1star
Just Shorted on Euro USD - see if they run the same direction with Pound Dollar
right on
I'm high on trading, cant you tell?
  • #439,575
  • Sep 9, 2016 8:45am Sep 9, 2016 8:45am
target hit. now looking for longs. will see
  • #439,576
  • Sep 9, 2016 8:48am Sep 9, 2016 8:48am
Quoting Dr.Zain
The Pair is heading 3280 and then 3250!!!!
Second Target Achieved!!!!!
  • #439,577
  • Sep 9, 2016 8:52am Sep 9, 2016 8:52am
Quoting Lock
{quote} Did you see the reaction at the 3252 zone? It's automatic buy. Let's see if we will have confirmation below it or not. If not. All the way up. If yes, the pit gap up is a wide field down to 3137(edit) zone.
Its also 50% fib of the last move up.
  • #439,578
  • Sep 9, 2016 8:54am Sep 9, 2016 8:54am
These type of moves are sweet when they last, but they tend to have steep breakouts....of the upper trendline in this case
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1steep.png Size: 42 KB
I'm high on trading, cant you tell?
  • #439,579
  • Sep 9, 2016 8:55am Sep 9, 2016 8:55am
Quoting Sammih
{quote} I have it right though, the basic idea? {image}
Sure you have.
Ubi maior minor cessat
  • #439,580
  • Sep 9, 2016 8:55am Sep 9, 2016 8:55am
Quoting mades
{quote} Its also 50% fib of the last move up.
31.8 fib level coming up

Quoting Dr.Zain
{quote} Second Target Achieved!!!!!


Quoting pointlessfor
target hit. now looking for longs. will see
I like the way you trade m8.
I'm high on trading, cant you tell?
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