Cable Update (GBPUSD)

Quoting Lock

Disliked

{quote} And now H is an inside bar of G that is an inside bar of F. Balance then and possible break out in the last 2 periods (I-J) of the GB session. We are well inside the overnight range and the GB range, so the odds are for an up move. But the rule is: go with the break out in any direction and then monitor for continuation. If ti fails in one direction, the natural target is the opposite side of the balance.

Ignored

Quoting lolik79

Disliked

1.3250 it is,,, then go back up to where its come from.... 1.3370

Ignored

Quoting Wdfx

Disliked

ar e we going to get a break this time?

Ignored

Quoting Lock

Disliked

{quote} USDX is in a full balance (current day inside yesterday). Right at its 9 daily period half back and a fiew pips above its 26 daily period half back.

Ignored

Quoting Lock

Disliked

{quote} First attempt of I period above the balance: it tagged the open price level at the pip (3269):automatic sell from there. And it went down exactly to half back where it found automatic buy as well. (also H and G period lows clustering togheter at 3250 round number)Market totally controlled by weak hands.

Ignored

Quoting Sammih

Disliked

waiting to see which trendline gives in Will accumulate some more at 3220 {image}

Ignored

Quoting HaLBot

Disliked

{quote} So what does that mean Lock??

Ignored

Quoting HaLBot

Disliked

{quote} So what does that mean Lock??

Ignored

Quoting Wdfx

Disliked

{quote} Isn't' is obvious Hal..... The market is either going to go up or go down .... I kill myself sometimes....

Ignored

Quoting Lock

Disliked

{quote} It means that we have not a particular usefull directional information from the USDX, at least for today. We have huge targets below and huge targets above. We are in balance. In a market controlled by weak hands. And this is the usefull information here. It means that GB will do what needed in its current weak hands environment.

Ignored

Quoting Wdfx

Disliked

{quote} Isn't' is obvious Hal..... The market is either going to go up or go down .... I kill myself sometimes....

Ignored

Quoting Lock

Disliked

{quote} First attempt of I period above the balance: it tagged the open price level at the pip (3269):automatic sell from there. And it went down exactly to half back where it found automatic buy as well. (also H and G period lows clustering togheter at 3250 round number)Market totally controlled by weak hands.

Ignored

Quoting Lock

Disliked

{quote} Second attempt of J period from balance: 3269 removed. This move up starts from I period low at HB. Let's see anyway if it is able (or not) to remove the poor high at 3285 tagging the Tokyo high. (removing also the last 1 pip of GB gap down)

Ignored

Quoting Lock

Disliked

{quote} 32625 reached. Double distribution downside failed. We are now back inside overnight balance. Now, the weak high cluster at 3285 is possible. Also you are risking not so much if you have bought right below overnigth low. Because your structural stops are just a few pips below it. Now let's see, because we are still in a 1 timeframing down environment. Watch out because in anyway this is a very weak market.

Ignored

Quoting Lock

Disliked

{quote} And now H is an inside bar of G that is an inside bar of F. Balance then and possible break out in the last 2 periods (I-J) of the GB session. We are well inside the overnight range and the GB range, so the odds are for an up move. But the rule is: go with the break out in any direction and then monitor for continuation. If ti fails in one direction, the natural target is the opposite side of the balance.

Ignored

Quoting yuddy

Disliked

{quote} 3145 is the bus stop, get ur diving suits ready, the whole FX nation are bearish today and tommorrow.

Ignored

Quoting Lock

Disliked

{quote} {quote} As you see J period break out in order to remove 3285 weakness(GB poor high, tagging Tokyo high and the last 1 pip of GB gap down). Now let's see if preUS is able to create a gap up or instead if it will come back firstly to correct some of this GB inventory long. Remember that one of our scenario (See my night post) is to correct all the pit move down from Tuesday high, in the hypothesis it was only liquidation. So, in order to do so, a pit gap up could...

Ignored

Quoting Lock

Disliked

{quote} Current preUS high is weak because is tagging both today GB high and yesterday pit session high, plus yesterday pit session open.

Ignored