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Cable Update (GBPUSD)

  • #439,761
  • Sep 12, 2016 8:29am Sep 12, 2016 8:29am
Quoting kk300
going down..3220 {image}
notice shadow of previous bar
I'm high on trading, cant you tell?
  • #439,762
  • Sep 12, 2016 8:31am Sep 12, 2016 8:31am
Quoting kk300
going down..3220 {image}

Can someone please enlighten me on the 3220 area...lot of talk about price tagging that area...
Don't Leave Money on the Table
  • #439,763
  • Sep 12, 2016 8:34am Sep 12, 2016 8:34am
Quoting HaLBot
{quote} Can someone please enlighten me on the 3220 area...lot of talk about price tagging that area...
daily TF 4 wave 3220
  • #439,764
  • Sep 12, 2016 8:35am Sep 12, 2016 8:35am
my target hit. so i am waiting new setup
  • #439,765
  • Sep 12, 2016 8:37am Sep 12, 2016 8:37am
Quoting pointlessfor
{quote} daily TF 4 wave 3220
OK Cheers...also bottom of Brexit wick/shadow....
Don't Leave Money on the Table
  • #439,766
  • Sep 12, 2016 8:39am Sep 12, 2016 8:39am
Quoting HaLBot
{quote} Can someone please enlighten me on the 3220 area...lot of talk about price tagging that area...
notice the green line...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-trading-point-of-4.png Size: 51 KB
  • #439,767
  • Sep 12, 2016 8:41am Sep 12, 2016 8:41am
Quoting kk300
{quote} notice the green line... {image}
Thanks KK...
Don't Leave Money on the Table
  • #439,768
  • Sep 12, 2016 8:42am Sep 12, 2016 8:42am
Quoting Sammih
{quote} >1hr
Striving for consistency
  • #439,769
  • Sep 12, 2016 8:44am Sep 12, 2016 8:44am
Quoting HaLBot
{quote} Can someone please enlighten me on the 3220 area...lot of talk about price tagging that area...
since brexit, almost every time time price goes south of that area, it does so with a marubozu. I count four times, and on other occasions it has acted as support or resistance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1last time.png Size: 26 KB
Click to Enlarge Name: GBPUSDH1thatothertime.png Size: 17 KB
Click to Enlarge Name: GBPUSDH1began.png Size: 24 KB
I'm high on trading, cant you tell?
  • #439,770
  • Sep 12, 2016 8:45am Sep 12, 2016 8:45am
Quoting HaLBot
{quote} Thanks KK...
welcome..
  • #439,771
  • Sep 12, 2016 8:46am Sep 12, 2016 8:46am
Quoting HaLBot
{quote} Can someone please enlighten me on the 3220 area...lot of talk about price tagging that area...
Looks quite irrelevant as an exact number to me... other than after the brexit move... h4 chart someone has posted shows it hardly respecting it... closes are all over the place
  • #439,772
  • Sep 12, 2016 8:47am Sep 12, 2016 8:47am
Quoting Wdfx
{quote}
The 30 mins messes up my head
I'm high on trading, cant you tell?
  • #439,773
  • Sep 12, 2016 8:49am Sep 12, 2016 8:49am
put some deviation.. and you got your answer...
  • #439,774
  • Sep 12, 2016 8:51am Sep 12, 2016 8:51am
All this US session (preUS + pit) is too narrow. And cluster at 3290 is now ridiculous.
Ubi maior minor cessat
  • #439,775
  • Sep 12, 2016 8:52am Sep 12, 2016 8:52am
Slight divergence
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1divert.png Size: 37 KB
I'm high on trading, cant you tell?
  • #439,776
  • Sep 12, 2016 8:55am Sep 12, 2016 8:55am
Quoting Lock
All this US session (preUS + pit) is too narrow. And cluster at 3290 is now ridiculous.
Thats Monday for you, most likely range today is 80-90 pips, meaning a high of 3320 or a low of 3220
I'm high on trading, cant you tell?
  • #439,777
  • Sep 12, 2016 9:00am Sep 12, 2016 9:00am
Quoting Lock
All this US session (preUS + pit) is too narrow. And cluster at 3290 is now ridiculous.
And in fact it took it out. Now let's see if it has the force to continue or not. If there is continuation upwards we want to reach at 33595. Because now we are inside Thursday US range and if we get acceptation here we could have acceptation up to thursday high.
Ubi maior minor cessat
  • #439,778
  • Sep 12, 2016 9:02am Sep 12, 2016 9:02am
Quoting pointlessfor
my target hit. so i am waiting new setup
I'm high on trading, cant you tell?
  • #439,779
  • Sep 12, 2016 9:04am Sep 12, 2016 9:04am
Quoting Sammih
{quote} Thats Monday for you, most likely range today is 80-90 pips, meaning a high of 3320 or a low of 3220
It could be, we could remain in the balance of thursday somewhere in fact, if there is acceptation here. For now I'm pretty happy because it looks like thursday was in fact only liquidation. If so the same thing could happen to Wendsday. Maybe not today, but who knows? remember also that Thursday high is a preUS poor high (33595) so it will not offer a great resistance if reached. But we are at the main poc around 13300 so, as you, I will not be surprised if price will remain balancing in this zone around this POC.
Ubi maior minor cessat
  • #439,780
  • Sep 12, 2016 9:06am Sep 12, 2016 9:06am
Quoting Wdfx
Short at 3280 SL 3305, TP1- 3250, TP2 3220
In the Book reminiscences of a stock broker, he says that if he'd rather not be short, then he'd rather be long. Its not always like that with the markets but in this case, since 3305 was your SL, do you now change view to long or is this a better selling area?

This has always been a problem for me with tight stops, I need someone with some experience. I use 50 pip stops, and about 50% of the time, price reverses back to win.
I'm high on trading, cant you tell?
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