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Cable Update (GBPUSD)

  • #439,741
  • Sep 12, 2016 7:17am Sep 12, 2016 7:17am
Quoting Wdfx
Touched the 100sma at 3291 (0n the 30 min chart) and has retraced to 3283, lets see if it will push through or drop back
It's where the 5dma is as well....3289
Don't Leave Money on the Table
  • #439,742
  • Sep 12, 2016 7:21am Sep 12, 2016 7:21am
Quoting HaLBot
{quote} It's where the 5dma is as well....3289
Striving for consistency
  • #439,743
  • Sep 12, 2016 7:32am Sep 12, 2016 7:32am
Quoting Sammih
Seems like we have break out people, if confirmed (this hours candle is green), then the bull move has resumed IMVHO. P.S: Dont let a move down to 3220 fool you, if it happens {image}
Doji formed on the 30 min chart?, market still undecided after bullish candle ?
Striving for consistency
  • #439,744
  • Sep 12, 2016 7:39am Sep 12, 2016 7:39am
Quoting Wdfx
{quote} Doji formed on the 30 min chart?, market still undecided after bullish candle ?
Hmmmmm I would class that as a spinning top candle stick, so basically no ones winning the fight between the Bears and the Bulls, another name for it is an indecision candle....
Don't Leave Money on the Table
  • #439,745
  • Sep 12, 2016 7:39am Sep 12, 2016 7:39am
Quoting Wdfx
{quote} Hi Lock from your experience does this suggest that the probabilities are in favour of the market going down?
It depends. If pre US makes only a correction of some GB inventory and then creates a gap higher for the upcoming pit session I'll be clearly positive for an upside continuation (unless the pit gap will be too narrow or retraced immediately) If instead we will remain here right inside yesterday pit session range I'll wait for some balance before to see the possible direction (up or down). I can say I like the idea to go up and correct all up to tuesday high, but is the market to rule here. Remember olso that one of our scenario is to remain here in balance waiting for thursday news. It's a possibility. In any case current GB high is very very weak. Note also that there is a lot of indecision right now because as you see price is up and down preUS open price.
Ubi maior minor cessat
  • #439,746
  • Sep 12, 2016 7:39am Sep 12, 2016 7:39am
Short at 3280 SL 3305, TP1- 3250, TP2 3220
Striving for consistency
  • #439,747
  • Sep 12, 2016 7:45am Sep 12, 2016 7:45am
Quoting HaLBot
{quote} Hmmmmm I would class that as a spinning top candle stick, so basically no ones winning the fight between the Bears and the Bulls, another name for it is an indecision candle....
I stand corrected Hal.. same effect though, neutral
Striving for consistency
  • #439,748
  • Sep 12, 2016 7:47am Sep 12, 2016 7:47am
Quoting Lock
{quote} It depends. If pre US makes only a correction of some GB inventory and then creates a gap higher for the upcoming pit session I'll be clearly positive for an upside continuation (unless the pit gap will be too narrow or retraced immediately) If instead we will remain here right inside yesterday pit session range I'll wait for some balance before to see the possible direction (up or down). I can say I like the idea to go up and correct all up to tuesday high, but is the market to rule here. Remember olso that one of our scenario is to remain...
Thanks Lock
Striving for consistency
  • #439,749
  • Sep 12, 2016 7:54am Sep 12, 2016 7:54am
Quoting yuddy
{quote} is that a wish or a solid prediction?

a lot of opinion about this pair,,,, and thats the one is mine.. and its my swing to go up above 1.33xx
  • #439,750
  • Sep 12, 2016 7:59am Sep 12, 2016 7:59am
Quoting Wdfx
{quote} I stand corrected Hal.. same effect though, neutral
Sorry M8 don't want to a pain about things like that, that spinning top on it's own might be saying consolidation around that price and due to the fact it slowly rose to that area I don't see a quick retrace....

In fact I think Cable has gone to sleep....
Don't Leave Money on the Table
  • #439,751
  • Sep 12, 2016 8:04am Sep 12, 2016 8:04am
Again, very narrow range for preUS and C period high is tagging open price.
Ubi maior minor cessat
  • #439,752
  • Sep 12, 2016 8:07am Sep 12, 2016 8:07am
Quoting HaLBot
{quote} Sorry M8 don't want to a pain about things like that, that spinning top on it's own might be saying consolidation around that price and due to the fact it slowly rose to that area I don't see a quick retrace.... In fact I think Cable has gone to sleep....
You are correct don't apologies. I am still looking for it to fall, still short
Striving for consistency
  • #439,753
  • Sep 12, 2016 8:12am Sep 12, 2016 8:12am
Quoting Wdfx
{quote} Doji formed on the 30 min chart?, market still undecided after bullish candle ?
I traded that TF for years, but today, I don't trade it anymore
I'm high on trading, cant you tell?
  • #439,754
  • Sep 12, 2016 8:15am Sep 12, 2016 8:15am
More upside to come IMHO
Attached Image (click to enlarge)
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Don't Leave Money on the Table
  • #439,755
  • Sep 12, 2016 8:17am Sep 12, 2016 8:17am
Quoting Sammih
{quote} I traded that TF for years, but today, I don't trade it anymore
What TF do you trade?
Striving for consistency
  • #439,756
  • Sep 12, 2016 8:23am Sep 12, 2016 8:23am
Quoting HaLBot
More upside to come IMHO {image}
That is if CB leading Economic Index comes in positive, even though it's low impact news any news at the moment on Cable could have impact...
Don't Leave Money on the Table
  • #439,757
  • Sep 12, 2016 8:23am Sep 12, 2016 8:23am
going down..3220
Attached Image (click to enlarge)
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  • #439,758
  • Edited 8:38am Sep 12, 2016 8:25am | Edited 8:38am
This is one of the narrowest preUS ranges of the last months: watch out! And we are going to open right inside yesterday (Friday) pit range/initial balance.

But at the top of the value area: this is the first time in the last 3 pit sessions down. Let's see if current value is able to build above friday value or not.
Ubi maior minor cessat
  • #439,759
  • Sep 12, 2016 8:28am Sep 12, 2016 8:28am
Quoting Wdfx
{quote} What TF do you trade?
>1hr
I'm high on trading, cant you tell?
  • #439,760
  • Sep 12, 2016 8:29am Sep 12, 2016 8:29am
Price moves up to the point of 1.33196. Or move down to the point of 1.32484 and move to the support line.
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