The Pit session opens 1 hour and a half after the pre US open. So we are right now in the first half hour of the pit session.

Cable Update (GBPUSD)

here you are.

Cable Update (GBPUSD)

Hi, read my previous post if you are interested and if you have time. Thanks.

Cable Update (GBPUSD)

14100 taken out. 14090 is weak

Cable Update (GBPUSD)

We gap down. 35 pips. It remains a PH for the pre us session right at the bottom of yes pit low(14145). and currently we are back in in to balance (daily). I'm selling from 14128. 14100 is weak

Cable Update (GBPUSD)

first part scaled out. Let's wait for confirmation for the remaining portion. image

Cable Update (GBPUSD)

We are in a break out. Let's see if pit gap is confirmed at pit open

Cable Update (GBPUSD)

All targets taken out.

Cable Update (GBPUSD)

if it doesn't come back in...

Cable Update (GBPUSD)

Very very good consideration: it was one of my biggest issues coming from futures e-mini S&P 500 and so on. But I'm only an observer not a theorist and what I observed is that what works in e-mini works at least for some aspect in cable and other ...

Cable Update (GBPUSD)

A note about daily situation: Yesterday was inside the day before. Today is inside yesterday. So we are in a full balance and I generally trade a breakout from balance.

Cable Update (GBPUSD)

Now if pit session will open with a downward gap, I may consider the possibility to short using the gap as SL. But there are a lot of things to think about: direction of the major trend, weakness of upper levels, dimension of the gap(edit) and so ...

Cable Update (GBPUSD)

A gap between sessions is the space considered from the low of the previous session and the open of the current one. The same for the high. A gap above is the space from the high of the previous session and the open of the current one. In today case ...

Cable Update (GBPUSD)

about gaps and how I define them.. let's have a little time and I'll tell you.

Cable Update (GBPUSD)

14145 is now PH and weaker..

Cable Update (GBPUSD)

Gap closed yes low TAGGED. 14145 is weak but pre US can serve as a new downward gap for the pit session.. Let's see.

Cable Update (GBPUSD)

If it closes it then 14150 is sure and then we have 14164 and 14192 and more. But if the gap remains and it is confirmed by US pit open then it's a totally different story. In that case I'll use the gap space as a stop loss for a short. But right ...

Cable Update (GBPUSD)

Right now preUS opened with gap below yesterday. Let's see if it closes the gap or preserve it.

Cable Update (GBPUSD)

The move was right below the 2 day GB balance at 14111. When it came back in that balance the possible target is at the opposite extreme of the range. 142135. Right now US is going to open down with gap. We have unsolved levels at 14150 and 14100. ...

Cable Update (GBPUSD)

14150 in correction as said...

Cable Update (GBPUSD)