s Cable Corner

[cammele]

Good mornng traders ( 1GMT or comparable),

I will continue here what I was doing in the main GBPUSD thread so as to get more continuation in my own analysis. It will be, in my aim, a type. This doesn't imply other could not partecipate. It means that will do it with the intention to remark, question and eventually enhance what I will write.

I'm not a profile trader, but I use market profile to arrange market data and information. So this thread is dedied to those who do or wish to do exactly the same as me. ** It is for professionals. And it is for traders. Therefore, if you're going to write something here it is going to be about cable or in regard to cable.

Please don't start to inquire about market profile, what is it, the way to use it. This really isn't the purpose of this thread.

Additionally, please don't write something such as thank you, fantastic concept, interesting, useless or whatever in this first thread page. I will start as soon as possible with after that and my analysis, please, don't up to this instant.

Best regards and good trading.


**You require a industry profile instrument with normal letters and sessions to follow this thread. I use this if you like, however you will find many sources.

[cammele]

For US: weak pit levels upside 4278. Downside 4189, 4151, 4098
Main pit near levels 42622 (2018 highest), 41895 (January)
significant composite poc 4261.

Main degree still 42323 as composed this morning.

[cammele]

.... So we are below its 39795: track for acceptation below it . Note that tonight Tokyo and yesterday pit session built a GB gap drawback that is brand new from GB low at 40253. This gap must be maintained for any success of the present attempted breakout drawback that is weekly. In case of continuation downside remember the possible strong support provided by trend line 2009.01.23-2016.02.29. Also note the GB bad low at 39153 that may be taken out in case of continuation.... Testing 39795 from below as expected.

[cammele]

If this breakout from week balance that is inside will be confirmed, next weaknesses are: 38575 (Tokyo 01.22 poor non) 38205 (GB 01.18 poor non) 3805 (Back to Back 01.18 Tokyo and Sydney poor highs) Obviously this might be possible only if this tried GB weekly break will be verified and accepted (under 39153)

[cammele]

quote So pit opened, went disadvantage to test 40547 , failed under it and came back upside towards the top of the old pit gap (4001) just to stop a few pips below it... Secondly test of it (40547) now a perfect tag.

[cammele]

42323 is the most important level for preUS and upcoming pit session. Other vital levels to evaluate are: 41895 (Pit Jan near) , 42415 (Pit 2018 highest near) and the extremes of the pit equilibrium constructed last week:40825 and 4136 (disadvantage) 4226 and 43185 (upside) Interesting enough this whole action upside originated exactly at 41895, when cost didn't loe acceptation below it. Then, as you see, we are again analyzing 42323 that coincide with yesterday pit high: some severe continuation upside will require acceptation above it, as above 42415. Otherwise. .

[cammele]

Btw I Am off for Now. Have a continuation. Best, L.

PS: whatever the final profile of current pit session, so I strongly suggest to see all the articles from this early morning since now we have another not so common textbook marketplace day.

[colllllo]

Thanks so much, . Love the day...

[cammele]

While GB near for 2018 is at 42625, yes GB is at 42445. Any serious continuation upside after GB open will need acceptation above these two, whilst rejection over them could induce price. I'm speaking about a liquidation as with this kind of high I cannot imagine something more: actually current February high is obviously weak as it's a bad pit high tagged with current Tokyo session large (4278)

Major level within this zone is still 42323. Composite poc is 4261.

[cammele]

Yes GB close is at 42445 , while highest GB close for 2018 is at 42625. While rejection over them could induce cost any continuation open will require acceptation above both of them .
I'm talking about a liquidation as with such an high I cannot imagine something more : in fact current February high is clearly weak as it is a bad pit high tagged by current Tokyo session high (4278) Major level in this zone remains 42323. Major composite poc is 4261. So GB started, went to 42445, retrace upside just to a couple of pips under 42625, didn't figure out how to reach that, then liquidated. And the significance of market generated info.

Note that the fact that current one is for now just a liquidation is supported by the current GB session profile. It is a person that is shaped as you see. Meaning that after the liquidation that was fast, the marketplace came into balance.

b

[cammele]

For US: feeble pit levels upside 4278. Downside 4189, 4151 , 4098 Main pit near levels 42622 (2018 highest), 41895 (January) major composite poc 4261. This morning, Main level written. Major level 42323 not reached. Liquidation. 2 of weaknesses. Very elongated A Period. I'm off. Have a wonderful weekend and a continuation. Best, L.

PS: present liquidation is creating a potential pit gap downside. Track for preservation of it open. If when acceptation will be obtained above yesterday pit low 41805 and retraced, it isn't impossible to see that the action downside retraced up to 4278. If you will see the gap preserved, odds will be in favor into a continuation downside towards 4098.

[cammele]

.... PS: a pit gap downside that is possible is being built by present liquidation . Monitor for preservation of it available . If when acceptation will be gotten above pit low 41805 and retraced , it isn't impossible to see that the action downside retraced around 4278. If instead you will see the brand new gap maintained, chances will be in favor to a continuation downside towards 4098 .... So, I had been off however: pit opened under previous session low (41805), meaning using a brand new gap downside. It did not manage to fill it (new gap maintained): the session developed downside towards 4098, moving just 3 pips above it using C period. Sydney took tonight 4098 out.

. . .The importance of market generated information

PS: at the previous article I wrote about the very extended A period. Clearly I referred my self to manic interval. It is a typo. (And B period has been retraced nearly 40% during next hours.)

[cammele]

GB opened using a gap downside that was new from Friday GB. Main degree for GB are Friday GB close at 4125 and instantly high (Tokyo high) at 4129: the filling of this gap and acceptation over the last two levels is needed for any continuation upside. If not chances will be in favor for continuation downside.

[cammele]

GB opened using a significant new gap drawback from Friday GB reduced at 42015. Main degree for GB are Friday GB near at 4125 and overnight high (Tokyo large) at 4129: the filling of the gap and acceptation over the previous 2 levels is needed for any stage upside. If not, clearly chances will be in favor for continuation downside.
In any case, if the gap will be filled by GB actions (around 42015), note that we're going to require acceptation over that amount for further continuation upside. January GB near is currently at 4188. Poc that is composite that is closest is currently at 4156. The next one is at 4261.

In case of failure upsidedown, obviously the comprehensive retracement of 01.30 GB session very elongated profile will be possible. Watch out as we are before news.

[cammele]

E inside Interval: Equilibrium rules apply

[cammele]

quote In any case, if the gap will be full of GB actions (up to 42015), notice that we will require acceptation above that amount for additional continuation upside. January GB is at 4188. Closest composite poc is at 4156. The next one is at 4261. In the event of failure upsidedown, obviously the complete retracement of 01.30 GB session really elongated profile will be possible. As we are before news watch out.
E inside interval: balance rules apply I am certain you appreciated those info.

Currently, until pit open, monitor for the possible building of a new pit session gap drawback. Friday pit is at 4101.
Recall that last week was an interior one, both for Gb and pit participants: so balance principles apply also on major timeframe at this time and any attempt below or above last week extremes has to be thought as an attempted breakout.

Last (inside) week extremes are: for GB 39795-4260 for Pit 4025-4278 PS: notice that for now what you have seen in GB is liquidation as it is filling the very weak profile created a few days ago. So for now it is old organization, versus new small business. It does not mean it can't last lower. It means you must know who your competitors are and what's their strength.

[cammele]

... Last (inside) week extremes are: for GB 39795-4260 for Pit 4025 -4278 PSPlease notice that for now everything you've seen in GB is liquidation as it is filling the exact feeble profile made several days ago. It is business, versus business. It doesn't mean it can't continue lower. It usually means that you have to understand who your competitors are and what's their strength. Inside pit reduced 4025 labeled in the pip for now. And because of this it is a suspect daily low.

[cammele]

Recall also this: 4278, high, February that is present, is weak and poor. I'm not saying it has to be corrected now, nor today. I'm saying that it is quite rare that a poor high could withstand for a long time. I suggest to take forwards this information. Even for days or weeks.

[cammele]

quote Inside pit week low 4025 tagged in the pip for now. And for this reason it is . 4025 weak low taken from preUS C interval. Note anyway that this is the very first evaluation below last pit inside week. Watch out.

[cammele]

quote 4025 weak low taken from preUS C interval. Note anyhow this is the evaluation below last pit within week low . So watch out. Remember that current pit session is attempting a breakout below inside week low 4025. Rules implement on the daily interval. Also keep in mind that the absolute low of week that is inside is GB 39795 written previously.

In the meanwhile note that as predicted, the entire weak GB session made 30.01 was completely retraced.


... In case of failure upsidedown, clearly the comprehensive retracement of 01.30 GB session very extended profile will be possible. As we are before news watch out .

[cammele]

quote Recall that present pit session is attempting a breakout below inside week reduced 4025 . Balance rules apply on the timeframe that is daily. Remember that the low of last week that is interior is GB 39795 as written . In the meanwhile notice that as predicted, the entire weak GB session created 30.01 has been completely retraced. quote Testing 4025 from below...

[cammele]

quote Testing 4025 from below ... No acceptation found above 4025 throughout pit session numerous efforts and finally price proceed lower. Again: the importance of market generated info.
Note also that L span made a last attempt tagging 4025 and then the true action downside happened. Consider 4026 since the rally high test of yesterday pit session: it is going to be today an important reference to evaluate upcoming pit actions.

[cammele]

For upcoming GB session remember that we're in a weekly breakout from balance. The previous GB inside week has, as composed yesterday, these extremes: 39795-4260

So currently we are below its lesser intense 39795: track for acceptation below it after open. Note that tonight Tokyo and yesterday pit session built a new GB gap drawback that is large from yesterday GB. This gap must be maintained for any achievement of the present weekly breakout drawback.

In the event of continuation downside remember the possible strong support provided by trend 2009.01.23-2016.02.29. Note the GB reduced at 39153.

Finally, remember balance rules both in case of success or failure drawback.

[cammele]

.... In the event of continuation downside remember the possible strong support provided by trend 2009.01.23-2016.02.29. Also note the GB reduced at 39153 that could be taken out in the event of continuation . Finally, remember balance rules both in the event of success or failure drawback. Here we're eventually, 39153 labeled. Now it is weaker than before. Btw I have been mesmerized by cost activity up and down inside GB week reduced 39795. So I must admit that I lost money and I am currently covering reduction. Nonetheless, it's my fault. Impatience at open.

[cammele]

So recalled what I wrote concerning the possible strong support offered by trend 2009.01.23-2016.02.29
Let us see if we can eliminate it. Or not.

[migwlfelixba]

Very stretched profile. Watch out. Major composite poc around here is at 3794. Close flaws are at 3729 and 37925. However, I repeat it see. hai lock. .
As u noted before. .
379xx level is really need to watch. .
Its shoot up from that area. .

[cammele]

quote hai lock. . As u noted before. . 379xx amount is really need to see . . Its shoot up from this area. . Quite good. I think you understood the importance of that amount.
Now look at this: GB opened over 39795 GB interior week low. Plus it started with a huge new gap upside.
Therefore unless a big part of the new upside gap from yesterday GB large (3906) will be filled and acceptation got back beneath 39795, chances will be in favor into a continuation upside, back to the opposite side of GB balance (42745).

[cammele]

quote Quite good. I think you knew the importance of that amount. Now look at this: GB opened above 39795 GB week that is inside. And it opened with a enormous new gap upside down. So unless a huge portion of this new upside gap from yesterday GB high (3906) will be filled and acceptation obtained back beneath 39795, odds will be in favor into a continuation upsidedown, straight back to the opposite side of GB balance (42745). Obviously, if rather GB will liquidate abruptly from here and will figure out how to regain acceptation below within GB week reduced (39795) then you may seriously take under account the prospect of a failed evaluation back inside weekly balance. And, as a consequence, you'll be ready to continue lower in the direction of the weekly break drawback.

[cammele]

I also suggest to note that 40547 is the half back (mid level) of this previous action disadvantage from 25.01 into 09.02:
acceptation above it's required for any continuation upside.

A verified failure above it could have a substantial impact upon current market retest inside GB week equilibrium.

[cammele]

B within interval: balance rules apply. Very narrow range. Watch out!

[cammele]

I also suggest to be aware that 40547 is your half back (mid level) of the last action disadvantage from 25.01 to 09.02: acceptation over it's required for any continuation upside down. A failure over it could have a substantial impact upon current market retest inside GB week balance.
Attempted break upside from within interval. Retesting 40547. Monitor for acceptation or rejection.

[cammele]

Now 4025 is your reference for US participants as it is the low of this pit inside week. Again, acceptation or rejection above it is fundamental as in case of acceptation we can aim at the top of the inside pit week (4278) while in the event of rejection above it we can imagine a new potential effort disadvantage in the direction of the past week tried break.

[cammele]

Note that PreUS B phase is an one. Principles apply.

I also suggest to continue to give attention to major action downside half back 40547.

Finally notice that price is currently within the preceding pit gap drawback (40592-4101): this zone could be intriguing for upcoming pit session.

[cammele]

Note that PreUS B phase is, again, an inside one. Principles apply. I propose to continue to give attention to major action disadvantage half back 40547 . Finally note that price is currently within the previous gap gap downside (40592-4101 ): this zone may be interesting for upcoming pit session .
So pit started, went downside to test 40547, collapsed below it and came back upside towards the top of this old pit gap (4001) just to stop a few pips below it...

[Juansevixxa14]

What do you say ? Is that retrace that is false or will Gbp keep going down. As I hv cash on it so it does, I expect

[giegxmf]

Be ready....
https://www.nigeriaforextrading.com/attachments/15190444801478124913.jpg

[cammele]

Today 4025 is the reference for US participants as it's the low of the pit within week. Again, acceptation or rejection above it's fundamental as if of acceptation we can aim at the peak of the inner pit week (4278) while in the event of rejection above it we can imagine a new possible effort downside in the direction of the past weekly tried brea k. Here we're finally at 4025: ideal tag for now. Monitor carefully for acceptation or rejection under it!

[cammele]

quote Here we're eventually at 4025: perfect tag for now. Monitor carefully below it for acceptation or rejection! Given the fact that we already have acceptation above it. As we spent the session above it at the zone.

[cammele]

Note that PreUS B phase is again, an inside one. Rules apply. I also propose to continue to provide attention to major action downside half back 40547. Finally note that price is currently within the preceding gap gap drawback (40592-4101 ): this zone may be interesting to get upcoming pit session.
quote Here we're eventually at 4025: perfect tag for now. Monitor carefully below it for acceptation or rejection! Well, what a wonderful spot 4025, is not it? 3 Pips below it, collapsed, 75 pips upside, straight back to 4101, at the pip (also It's now a weak and bad high)

[cammele]

quote So pit started, went downside to examine 40547, failed under it and arrived back upside towards the top of the old pit gap (4001) just to prevent a few pips under it. . . This is a valuable information as an exact level tagged is generally a questionable one for definition: who sell or buy at a precise and very observable degree? Terrible hands...

A different story if the degree is overshoot, like 4025. In this case price went under our value (3 pips) and just then retraced upside. 4025 is a term level as it is the low of an inside pit week range. So, obviously a more powerful service (if tested from previously)

[cammele]

Amount of anomalies left upside during this morning liquidation that was plogical. Carry forward this information.

[cammele]

4025, as, it's the principal level for current pit session. Above it we have space for a Complete correction of the pit within week (see previous posts) Below it we can contemplate the weekly fracture nevertheless active

[cammele]

4025, as yesterday, it's the principal amount for current pit session. Above it we've got space for a complete correction of the pit within week (see previous posts) Here it we can think about the weekly break still busy I mean, if price will manage to get accepted over 4025, then the opposite side of inside pit week (4278) is that the normal direction. With a new price acceptation below 4025, the break below could be considered not neglected.

[cammele]

Notice that PreUS B phase is, again, an inside one. Balance rules apply. In addition, I propose to continue to give focus on major action downside half back 40547. Finally notice that price is currently within the preceding pit gap drawback (40592-4101): this zone could be interesting for upcoming pit session. 40547 obviously remains a very very important level! Monitor over it for rejection or acceptation!