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Cable Update (GBPUSD)

  • #439,861
  • Sep 13, 2016 2:43am Sep 13, 2016 2:43am
Trigger finger ready for 3300 if it ever gets there....

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Don't Leave Money on the Table
  • #439,862
  • Sep 13, 2016 2:48am Sep 13, 2016 2:48am
Quoting elbert3
{quote} Morning D where you at ? Regards
Morning E, Long from yesterdays S1 3254ish area, still think we get to 3480 before all is said and done , watching 3290 area atm
  • #439,863
  • Sep 13, 2016 2:48am Sep 13, 2016 2:48am
Quoting Lock
{quote} ...The risk in this is that the main POC is right below here at 3300 zone: and it is a big pole of attraction for price. So watch out if you buy here.
Note that the attraction of the 3300 POC zone eventually prevaled (at the pip again)

Quoting Lock
{quote} ....About yesterday pit session, please note that the most important ref for a possible test is at its pool back low of 3297. ....
and it is now testing the yesterday pit session pull back low. At the pip again.
Ubi maior minor cessat
  • #439,864
  • Sep 13, 2016 2:52am Sep 13, 2016 2:52am
Quoting HaLBot
{quote} That's for sure but also expecting a bounce at 3300 where bids are placed....
I am also expecting price to go up, but when you say bounce, do you mean it will fall?
  • #439,865
  • Sep 13, 2016 2:53am Sep 13, 2016 2:53am
Quoting digger1
{quote} Morning E, Long from yesterdays S1 3254ish area, still think we get to 3480 before all is said and done , watching 3290 area atm
Posted last night on MrS thread 3262 long was flipped into short at 3340 so not bad for now might pull it befor news as it is not a small lot it told us it can break 3250 so the next would be 3200 area but watch 3278 area for a bounce and 3300 looking at 1 min for now but it won't be an easy pp at this time Regards
  • #439,866
  • Sep 13, 2016 2:55am Sep 13, 2016 2:55am
Quoting digger1
{quote}Better have that trigger finger loosened up lol
Well done! That was a yard well spent. I think we all know who to ask when we need a yard ;D
  • #439,867
  • Sep 13, 2016 2:57am Sep 13, 2016 2:57am
Quoting pursuit_21
{quote} Well done! That was a yard well spent. I think we all know who to ask when we need a yard ;D
Yeah well Carney is family....LOL

Love that film The Good The Bad and The Ugly and was thinking if Clint Eastwood was a trader he'd say " There's two types of Traders my friend, One that makes Pips and One that doesn't"
Don't Leave Money on the Table
  • #439,868
  • Sep 13, 2016 3:01am Sep 13, 2016 3:01am
Quoting Lock
{quote} There are normal or poor highs and lows. A poor low or high is a price level where 2 or more m30 periods established their respective lows or highs, when this happens at the bottom or the top of an auction. Example: right now we got a normal low because B period went below A period and left behind a "buying tale" id est more then 2 pips "clean" below A period low. At the same time we have a normal high because B period didn't reach A period high and then we got a "selling tale" in A period. Yesterday pit session high, at the opposite has...
Ok thank you
  • #439,869
  • Sep 13, 2016 3:02am Sep 13, 2016 3:02am
Quoting Don96
watching 1.3251 and 1.3228 for longs...
min bull target is 1.361x/3x... shorts from 1.348x offer good RR...

bears on a larger scale have 1.241x/6x as a min target... i prefer the first one...

more complicated bears at 1.3350/1.333x have 1.314/2 to catch, just under is bull numbers in pink...
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  • #439,870
  • Sep 13, 2016 3:03am Sep 13, 2016 3:03am
Quoting Lock
{quote} Note that the attraction of the 3300 POC zone eventually prevaled (at the pip again) {quote} and it is now testing the yesterday pit session pull back low. At the pip again.
Nice place to add on for those on the long side. Consolidation may be 1.3330-20 for news reaction, before possible test of 1.3360 again.
  • #439,871
  • Sep 13, 2016 3:10am Sep 13, 2016 3:10am
Quoting pursuit_21
{quote} Nice place to add on for those on the long side. Consolidation may be 1.3330-20 for news reaction, before possible test of 1.3360 again.

Thanks, and now we would like to see C period confirming above A period inside overnight session, in order to have a possible continuation upwards to the main weak references. Consider anyway that the yesterday pit session pool back low is a reference for lower timeframes. So the fact that price tagged it exactly is not a great sign of streanght. It could be considered pretty weak on a longer perspective: so carry this information forward, if you like.
Ubi maior minor cessat
  • #439,872
  • Sep 13, 2016 3:15am Sep 13, 2016 3:15am
There's a lot of UK news due out in 15 minutes....I have a buy order at 3340 to take advantage of positive news and maybe move it closer the closer we get to bottom of the hour...

As far as shorting it goes maybe 3280 area..
Don't Leave Money on the Table
  • #439,873
  • Sep 13, 2016 3:18am Sep 13, 2016 3:18am
Quoting pursuit_21
{quote} Well done! That was a yard well spent. I think we all know who to ask when we need a yard ;D
lol. i do what i can
  • #439,874
  • Sep 13, 2016 3:19am Sep 13, 2016 3:19am
Quoting digger1
{quote}lol. i do what i can

Ahhhhh yeah I forgot it wasn't Carney.....
Don't Leave Money on the Table
  • #439,875
  • Sep 13, 2016 3:20am Sep 13, 2016 3:20am
I can't help myself..... took a buy at 1.3310, moving stop to B.E. for the news....
Striving for consistency
  • #439,876
  • Sep 13, 2016 3:20am Sep 13, 2016 3:20am
Quoting Lock
{quote} Thanks, and now we would like to see C period confirming above A period inside overnight session, in order to have a possible continuation upwards to the main weak references. Consider anyway that the yesterday pit session pool back low is a reference for lower timeframes. So the fact that price tagged it exactly is not a great sign of streanght. It could be considered pretty weak on a longer perspective: so carry this information forward, if you like.
Note also that C period low tags exactly yesterday GB close at 3310. And finally note that price went multiple times up and down open price: there is lack of conviction for now.
Ubi maior minor cessat
  • #439,877
  • Sep 13, 2016 3:22am Sep 13, 2016 3:22am
Quoting Wdfx
I can't help myself..... took a buy at 1.3310, moving stop to B.E. for the news....
Guess what... min stop distance 20 pips from Broker, I should have known that... may close before news.
Striving for consistency
  • #439,878
  • Sep 13, 2016 3:23am Sep 13, 2016 3:23am
Quoting Wdfx
I can't help myself..... took a buy at 1.3310, moving stop to B.E. for the news....
Seeing as your having a bad run maybe close order just before news for profit and give yourself a win and a confidence boost.....theres a million trades out there after this one...
Don't Leave Money on the Table
  • #439,879
  • Sep 13, 2016 3:24am Sep 13, 2016 3:24am
Quoting Wdfx
{quote} Guess what... min stop distance 20 pips from Broker, I should have known that... may close before news.
closed +10 pips - the road to recovery...?
Striving for consistency
  • #439,880
  • Sep 13, 2016 3:27am Sep 13, 2016 3:27am
Quoting Wdfx
{quote} closed +10 pips - the road to recovery...?

Hows this.....

If you just make 4% a month that's 60% after 12 months...Problem is we tend to stuff things up instead of easy does it..
Don't Leave Money on the Table
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