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Cable Update (GBPUSD)

  • #440,481
  • Sep 16, 2016 2:32am Sep 16, 2016 2:32am
3210 add long
  • #440,482
  • Sep 16, 2016 2:40am Sep 16, 2016 2:40am
Quoting actionmoney
{quote} 3200 testing yesterday POC. Good decision as I have two positions ON, S and B. The sell to be taken out @ 3200 and buy to be taken out @ 09:05 AM GMT +1 after Eur data is out.

I have a question for you Action.....

What says 3200 is POC??? I have Market Profile template on MT4 but can't make out why you would have 3200 as POC...
Don't Leave Money on the Table
  • #440,483
  • Sep 16, 2016 2:44am Sep 16, 2016 2:44am
Quoting HaLBot
{quote} I have a question for you Action..... What says 3200 is POC??? I have Market Profile template on MT4 but can't make out why you would have 3200 as POC...
if you mind...

Point of Control = POC
Virgin POC - is there the price has not been yet

Best
D.P.
Hunting High and Low
  • #440,484
  • Sep 16, 2016 2:44am Sep 16, 2016 2:44am
Quoting HaLBot
{quote} I have a question for you Action..... What says 3200 is POC??? I have Market Profile template on MT4 but can't make out why you would have 3200 as POC...
Sorry Hablot, not poc. 3200 was part of yesterday's anomalies.
  • #440,485
  • Sep 16, 2016 2:46am Sep 16, 2016 2:46am
3100 in sight
I'm high on trading, cant you tell?
  • #440,486
  • Sep 16, 2016 2:46am Sep 16, 2016 2:46am
80 pip on last nights long 2 shorts holding back on the plan 👀 Look left boss
  • #440,487
  • Sep 16, 2016 2:47am Sep 16, 2016 2:47am
Quoting Sammih
3100 in sight
Hope so if not add long to 3300 3126 3116 gl E
  • #440,488
  • Sep 16, 2016 2:48am Sep 16, 2016 2:48am
Quoting Dr.Phoenix
{quote} if you mind... Point of Control = POC Virgin POC - is there the price has not been yet Best D.P.

Cheers D.P ......
Don't Leave Money on the Table
  • #440,489
  • Sep 16, 2016 2:54am Sep 16, 2016 2:54am
Quoting actionmoney
{quote} Sorry Hablot, not poc. 3200 was part of yesterday's anomalies.
Action don't misunderstand me there, I wasn't trying to challenge your analysis just wanting to know M8....
Don't Leave Money on the Table
  • #440,490
  • Sep 16, 2016 2:56am Sep 16, 2016 2:56am
Quoting ZenNy
GA 240m Clearly oversold and any indicator would show divergence ( I think, did not check). Shorting below that bear trend bar would be an option but I am not sure about the rate day, will it shake me off just to see prices going in my direction? I have not any idea...... Do you know what? I stay out. 20m break... {image} {image}
Took 63 pips...
trading is simple but is simple is not easy.
  • #440,491
  • Sep 16, 2016 2:57am Sep 16, 2016 2:57am
Its sitting around that old chestnut 1.3200. it touched 1.3190, didn't get quite as far as yesterdays low od 1.3179. I think we need to see a break of 1.3179 for a continuation down.... waiting time again for an entry...
Striving for consistency
  • #440,492
  • Sep 16, 2016 2:59am Sep 16, 2016 2:59am
Quoting ZenNy
{quote} Took 63 pips...
Well done
  • #440,493
  • Sep 16, 2016 2:59am Sep 16, 2016 2:59am
Quoting Wdfx
Its sitting around that old chestnut 1.3200. it touched 1.3190, didn't get quite as far as yesterdays low od 1.3179. I think we need to see a break of 1.3179 for a continuation down.... waiting time again for an entry...
waiting for top of the hour in 5 seconds....
Don't Leave Money on the Table
  • #440,494
  • Sep 16, 2016 3:05am Sep 16, 2016 3:05am
The dogs go into doggy day care today... so sorry guys cant influence the market. However going away from my screen to make a bacon roll. Anyone fancy one.
Hehe
Striving for consistency
  • #440,495
  • Sep 16, 2016 3:08am Sep 16, 2016 3:08am
Quoting HaLBot
{quote} Action don't misunderstand me there, I wasn't trying to challenge your analysis just wanting to know M8....
Thanks bro
  • #440,496
  • Sep 16, 2016 3:10am Sep 16, 2016 3:10am
Quoting HaLBot
{quote} That was a good rant fader.... UK economic news before Brexit was getting better bit by bit and I've said it before had Brexit happened 6 months later things would be very different. Yes UK economy is doing pretty good but theres nothing like the expectation of a US Fed rate rise to wet the appetites and soften the brains of traders across the globe....LOL
Hi HaLBot

your right we should be selling the Cable
US "wants" to raise rates and the UK could lower them
Would like to see some prints that would back up their positions
If we get poor CPI data - think we could have another dollar dip like we had yesterday
  • #440,497
  • Sep 16, 2016 3:14am Sep 16, 2016 3:14am
Quoting HaLBot
{quote} I have a question for you Action..... What says 3200 is POC??? I have Market Profile template on MT4 but can't make out why you would have 3200 as POC...
I can't see any POC at 1.3200 from yesterday either, doesn't matter if session started at GMT0, Asia Open, London open or Nyc open, I guess it could be POC from early London to NYC open session. I do see 1.3190-7 POC from tue/wed. But there is daily S1/Weekly S1 at 1.3191-2 which acted as (temp?) support.
  • #440,498
  • Sep 16, 2016 3:22am Sep 16, 2016 3:22am
Quoting Ill-b-back
Looking to see if it takes out yesterdays low to 3170 before US data
?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 28 KB
Click to Enlarge Name: GBPUSDM30.png Size: 26 KB
Come with me if you want to live....
  • #440,499
  • Sep 16, 2016 3:37am Sep 16, 2016 3:37am
Are we over thinking this? There is a strong bear candle on the hourly followed by an inside retrace candle on the hourly. Thinking of going short at the top of the hour. but not quite decided yet.
Striving for consistency
  • #440,500
  • Sep 16, 2016 3:44am Sep 16, 2016 3:44am
Quoting Wdfx
Are we over thinking this? There is a strong bear candle on the hourly followed by an inside retrace candle on the hourly. Thinking of going short at the top of the hour. but not quite decided yet.
Seem SL hunt...
Try don't lose pants never...
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