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Cable Update (GBPUSD)

  • #439,901
  • Sep 13, 2016 4:34am Sep 13, 2016 4:34am
EU is freezing
What a day today?!

Best
D.P.
Hunting High and Low
  • #439,902
  • Sep 13, 2016 4:37am Sep 13, 2016 4:37am
Quoting elbert3
{quote} 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
As above price was taken to s/ r zone after the 3340 last night I think it was taken there yesterday for the big boys to get a very good short sell now it took 3250 as I said will it see 3200
  • #439,903
  • Sep 13, 2016 4:40am Sep 13, 2016 4:40am
Lock some profit & let it run.

Attached Image (click to enlarge)
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  • #439,904
  • Sep 13, 2016 4:44am Sep 13, 2016 4:44am
GBPUSD M30 ... Resistance TL

Attached Image (click to enlarge)
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  • #439,905
  • Sep 13, 2016 4:47am Sep 13, 2016 4:47am
Quoting mrhb30jr
GBPUSD M30 ... Resistance TL {image}
Hi now put in your bottom tl and see how that looks . Regards E ps a lower top line break out when it happens will give a longer long trade I think
  • #439,906
  • Sep 13, 2016 4:47am Sep 13, 2016 4:47am
Sell at 3284 I've had on since yesterday will set SL at BE and let it run aiming for 3220.....Yes I'm a believer now......LOL
Don't Leave Money on the Table
  • #439,907
  • Sep 13, 2016 4:52am Sep 13, 2016 4:52am
there were buyings at 3300-3315, then we had stoploss hunting below, now we are testing D#1.VPOC 16.09.12 1.3267 of Yesterday's.
Everething seems to look like logical.

Best
D.P.
Hunting High and Low
  • #439,908
  • Sep 13, 2016 4:55am Sep 13, 2016 4:55am
Quoting Sammih
{quote} remember what happens when you walk em dogs with open positions
Hehe.... I'm back +26pips
Striving for consistency
  • #439,909
  • Sep 13, 2016 4:56am Sep 13, 2016 4:56am
Quoting elbert3
{quote} Hi now put in your bottom tl and see how that looks . Regards E ps a lower top line break out when it happens will give a longer long trade I think
Hi Albert,

TP if the support BKO 3020 area

here is H4 Chart ....

Attached Image (click to enlarge)
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See another H4 Chart ...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4D.png Size: 29 KB
  • #439,910
  • Sep 13, 2016 5:01am Sep 13, 2016 5:01am
Price went down inside yesterday Gb session. The current GB profile is too elongated and it looks like liquidation of the yesterday correction upwards. Also price activity left behind four anomalies. Plus it made all this without volume and during news. Anyway price is in 1 timeframing lower, so in order to come back (if it will be the case) we need at first a stop of it (with a balance) This could happen if this period or one of the following ones will go above the previous period high. Also in this case, considering the minor trend down, we could have only 1 period above and then back down again. In this case we will have a test called technically "late morning rally high".

On a longer perspective note that the weekly 1 timeframing higher has been stopped yesterday and now we are in balance.
Ubi maior minor cessat
  • #439,911
  • Sep 13, 2016 5:09am Sep 13, 2016 5:09am
short entry 3274
Tp 3163
sl 3324
I'm high on trading, cant you tell?
  • #439,912
  • Sep 13, 2016 5:12am Sep 13, 2016 5:12am
Quoting mrhb30jr
{quote} Hi Albert, TP if the support BKO 3020 area here is H4 Chart .... {image} See another H4 Chart ... {image}
Thanks for your replay at this time my last night long 3263 to 3340 and back to 3262 at this time nice trade for me that one now let's see if it supports or breaks to 3200 area if it holds then it would be 3400 regards E
  • #439,913
  • Sep 13, 2016 5:14am Sep 13, 2016 5:14am
Quoting USD-charts
{quote} I am also expecting price to go up, but when you say bounce, do you mean it will fall?
No what I mean is as price comes down to 3300 Bids are placed there, so even if momentum is heading downwards because of those bids price jumped...

So these bids at 3300(round number, pychological area) could run into very large number and only 20-30 pips can amount to a large profit, and had UK news come out positive even more profit..
Don't Leave Money on the Table
  • #439,914
  • Sep 13, 2016 5:15am Sep 13, 2016 5:15am
Quoting mrhb30jr
{quote} Hi Albert, TP if the support BKO 3020 area here is H4 Chart .... {image} See another H4 Chart ... {image}
On your chart draw a tl from the next s/r up from the left hand side to your net Sr. To the right sorry on my phone but I can work off your chart thanks hope it makes sence
  • #439,915
  • Sep 13, 2016 5:18am Sep 13, 2016 5:18am
Quoting Sammih
{quote} The issue now becomes account size
That's for sure the larger the account the harder to maintain..

I watched a doco on Bernie Madoff and other fund managers couldn't work out how he made 1% every month year in year out, they all thought either he's a genius or he's cooking the books....
Don't Leave Money on the Table
  • #439,916
  • Sep 13, 2016 5:19am Sep 13, 2016 5:19am
Quoting Lock
Price went down inside yesterday Gb session. The current GB profile is too elongated and it looks like liquidation of the yesterday correction upwards. Also price activity left behind four anomalies. Plus it made all this without volume and during news. Anyway price is in 1 timeframing lower, so in order to come back (if it will be the case) we need at first a stop of it (with a balance) This could happen if this period or one of the following ones will go above the previous period high. Also in this case, considering the minor trend down, we could...
Also note that this is the second test below the lowest GB close of September (at 32555) 3 pips below it. So, by now September is doing absolutely nothing nor up nor down.
Ubi maior minor cessat
  • #439,917
  • Sep 13, 2016 5:20am Sep 13, 2016 5:20am
Quoting elbert3
{quote} On your chart draw a tl from the next s/r up from the left hand side to your net Sr. To the right sorry on my phone but I can work off your chart thanks hope it makes sence
hope the chart will help you
  • #439,918
  • Sep 13, 2016 5:24am Sep 13, 2016 5:24am
Quoting mrhb30jr
{quote} Hi Albert, TP if the support BKO 3020 area here is H4 Chart .... {image} See another H4 Chart ... {image}
A different trend line on the 4 hour. Another view to ponder.
Attached Image (click to enlarge)
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  • #439,919
  • Sep 13, 2016 5:25am Sep 13, 2016 5:25am
Quoting mrhb30jr
{quote} hope the chart will help you
Thanks just pm site at this time any move back from here 3300 looks to be 61% on the 1 min chart might just be resting here regards
  • #439,920
  • Sep 13, 2016 5:28am Sep 13, 2016 5:28am
Quoting Sammih
short entry 3274 Tp 3163 sl 3324
why do you change direction?. i think this week up man.
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