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  • Pound drops past Brexit-vote low vs Dollar; weakest since 1985

  •  Guest
  • | IP XX.XXX.170.83
taking out stops, huh, and on the slithery slope to 1.20. quickly now, take all your cash pounds and go long FTSE 100.
it's a waterfall
Quoting Guest
taking out stops, huh, and on the slithery slope to 1.20. quickly now, take all your cash pounds and go long FTSE 100.
+1
When BAD news in the pappers appear, you should think in buy it.
buy buy buy GJ target 132.20
yeah.... buy buy without a stop, you will get rich....guaranteed...
Quoting cuchuflito
yeah.... buy buy without a stop, you will get rich....guaranteed...
crazily rich after you suicide.. perhaps
Quoting Autrader
When BAD news in the pappers appear, you should think in buy it.
Could be good idea
Just wait for the setup to develop. And then Jump into.
  •  Guest
  • | IP XXX.XXX.81.7
Wait for the construction numbers...
Quoting sylvin
crazily rich after you suicide.. perhaps
'Suicide' not covered by insurance. Policy will not pay even a single cent
  •  Guest
  • | IP XX.XXX.127.199
Quoting Forexgain
'Suicide' not covered by insurance. Policy will not pay even a single cent
After 2 years it will. Gives you some time to cool off.
Well, not a bad move Ms. May! .... at least exports will rise and since the UK is a recluse nation (they do not import at all! ... ), all should be well with the Brexiters ...... !!

Arrant Nonsense!!
Quoting Guest
Wait for the construction numbers...
100% agreed I have a feeling the contruction numbers are going to be negative.

Mortage approvals in UK where down last week and lets see what happens.
Dreams of Empire are expensive
http://prntscr.com/cploqm
Quoting Autrader
http://prntscr.com/cploqm
Be careful with that kind of trading
Nananaeee ... Ella tiene algo que me mataa.. En su juego redondito cai..

Ella es encantadora.. La libra es Encantadora.
Quoting PaulDaemon
Be careful with that kind of trading
Yes I am not hurry. I think in couple weeks it will be in green.
Quoting Ojiego
Well, not a bad move Ms. May! .... at least exports will rise and since the UK is a recluse nation (they do not import at all! ... ), all should be well with the Brexiters ...... !!

Arrant Nonsense!!

it will be easy to export some of the football players now. 2 I can see immediately is rooney and john terry
Quoting Autrader
Yes I am not hurry. I think in couple weeks it will be in green.
Im long on pound also
Quoting Autrader
When BAD news in the pappers appear, you should think in buy it.
I agree 100%
Quoting Autrader
When BAD news in the pappers appear, you should think in buy it.
I agree 100%
Quoting dareking
buy buy buy GJ target 132.20
I AGREE 200%
Quoting dareking
buy buy buy GJ target 132.20
I agree 100%
Quoting cuchuflito
yeah.... buy buy without a stop, you will get rich....guaranteed...
I agree 100%
Quoting cuchuflito
yeah.... buy buy without a stop, you will get rich....guaranteed...
I agree 100%
Quoting jpcashflow
100% agreed I have a feeling the contruction numbers are going to be negative.

Mortage approvals in UK where down last week and lets see what happens.
YOU WAS VERY RONG VERY GOOD DATA lol
strong Manufacturing at over 54, strong Construction at 52.3, expect strong Services tomorrow. The British economy is holding up well. I think GBP won't get positive until it knows what impact the Brexit negotiations will have and that means weak up until mid 2017
Quoting giveachance
it will be easy to export some of the football players now. 2 I can see immediately is rooney and john terry
LOLz, those old legs? ... you may have to wait for long to get a value for money exporting those two ....
Quoting ettrader
strong Manufacturing at over 54, strong Construction at 52.3, expect strong Services tomorrow. The British economy is holding up well. I think GBP won't get positive until it knows what impact the Brexit negotiations will have and that means weak up until mid 2017
GIVE time around 2 weeks GBP/USD will target 1.3150/1.3200 Good Luck
  • Post #30
  • Quote
  • Edited at 5:38am Oct 4, 2016 5:07am | Edited at 5:38am
Quoting Ghassforex
GIVE time around 2 weeks GBP/USD will target 1.3150/1.3200 Good Luck
Yeah.. Good Luck if youre a day trader.. LoL
Cable printing 1.2740 now?
GBPs lost 15% of its $ value since June 23rd.
Mrs May needs to remember the old addage ..
"When you are in a Hole.. Stop Digging."
Quoting Ghassforex
I agree 100%
Do you think GBP/USD has reached the low today? I went long, and I am wondering if it is too soon.
Quoting cliffedwards
Yeah.. Good Luck if youre a day trader.. LoL
Cable printing 1.2740 now?
GBPs lost 15% of its $ value since June 23rd.
Mrs May needs to remember the old addage ..
"When you are in a Hole.. Stop Digging."
What do you think about going long on G/U?
Quoting shimmering
What do you think about going long on G/U?
IF you are fading in a multiday trade with low leverage and have the patience.. to wait for the relief rally.. then probably ok..
BUT I dont see chart patterns that suggest that a short term floor is in and NY session will see counter trade.. necessarily .. momentum is decreasing ok..
Always possibility in fundamental driven moves that they will grind on.. with just a flag and no rebound. Theres no prior S&R down here for guidance.. but be surprised not to see retest previous low @97.
Cable is going to hit 1.20 in near future.

and if brexit occur then its going to test 1.05 (1985's low).

Goodluck.
Quoting Ojiego
Well, not a bad move Ms. May! .... at least exports will rise and since the UK is a recluse nation (they do not import at all! ... ), all should be well with the Brexiters ...... !!

Arrant Nonsense!!
I should have seen that she was being GOADED and called 'weak', she would pick the conference to announce Article 50. Cable didn't drop until 6am next day!
Pound getting hammered strong via GBPNZD, GBPAUD and EURGBP. Personally I like EURGBP longs as the most clean setup right now as it directly reflects the UK EU Brexit mess...
Will not be surprised if with all this mess Pound finally will be traded at Kiwi rate
  •  Guest
  • | IP XX.XXX.170.83
breaking: platinum down thru 1000, gold down thru 1300. the Brits are selling the family jewels to make up for sterling losses. but selling physical gold and platinum is a tough ask now. the Brits will have to negotiate with Indian jewellers, and the Brits have a very poor record when it comes to negotiating with Indians!
Quoting shimmering
Do you think GBP/USD has reached the low today? I went long, and I am wondering if it is too soon.
Keep you long and if your equity permit for you to add long if pound make new low do it take partial profit on Friday NFP close total position on 13 oct cause BOE will keep rate unchanged GBP will bounce target 1.3150.Good Luck
Quoting cliffedwards
IF you are fading in a multiday trade with low leverage and have the patience.. to wait for the relief rally.. then probably ok..
BUT I dont see chart patterns that suggest that a short term floor is in and NY session will see counter trade.. necessarily .. momentum is decreasing ok..
Always possibility in fundamental driven moves that they will grind on.. with just a flag and no rebound. Theres no prior S&R down here for guidance.. but be surprised not to see retest previous low @97.
Keep you long and if your equity permit for you to add long if pound make new low do it take partial profit on Friday NFP close total position on 13 oct cause BOE will keep rate unchanged GBP will bounce target 1.3150.Good Luck
Quoting shimmering
What do you think about going long on G/U?
Nice bounce GBP coming soon )))
Time to close all those late shorts....
Quoting Ghassforex
Nice bounce GBP coming soon )))
Yeah. See youre trading from Moldova? Cool. What time is it there?
Quoting cuchuflito
yeah.... buy buy without a stop, you will get rich....guaranteed...

tell him it was a joke....
  •  Guest
  • | IP XXX.XX.164.117
Credit Suisse releases their trade:
http://zerohedge.talking-forex.com/live.html#
Quoting Autrader
http://prntscr.com/cploqm
Why are you trying to pick the bottom? What is the logic behind it? I mean whatever the reason, looks like you missed on three attempts and you went for the forth one.
If the price goes lower are you gonna buy more because I'm pretty sure there are a lot of traders wanting to sell to you at those prices especially if your willing to hold for weeks.
the street thinks that GBP wil trade parity with USD before EUR. can this really happen?
Quoting cliffedwards
IF you are fading in a multiday trade with low leverage and have the patience.. to wait for the relief rally.. then probably ok..
BUT I dont see chart patterns that suggest that a short term floor is in and NY session will see counter trade.. necessarily .. momentum is decreasing ok..
Always possibility in fundamental driven moves that they will grind on.. with just a flag and no rebound. Theres no prior S&R down here for guidance.. but be surprised not to see retest previous low @97.
Thanks for the response.What do you mean by 97?
Quoting Ghassforex
Keep you long and if your equity permit for you to add long if pound make new low do it take partial profit on Friday NFP close total position on 13 oct cause BOE will keep rate unchanged GBP will bounce target 1.3150.Good Luck
Hello, why would I want to close the long position on Oct 13, if there is a good chance that it will go up to 1.3150?
Quoting kingleeny
the street thinks that GBP wil trade parity with USD before EUR. can this really happen?
No, not because the GBP & Euro aren't being rubbished by their CB's but because the USD needs to go lower soon, it's done all the heavy lifting for a while and soon it'll be the turn of the other currencies (they've been manipulating this since 2008)
Quoting shimmering
Hello, why would I want to close the long position on Oct 13, if there is a good chance that it will go up to 1.3150?
to collect your profit long position
Quoting cliffedwards
Yeah. See youre trading from Moldova? Cool. What time is it there?
Yeah Dude from Moldova , time here now 5.50 pm lol )) but why?
USD will go lower soon i bet
  •  Guest
  • | IP XXX.XX.115.59
I have long at 1.3219 & 1.3108..... Now losing position. Wondered if I should JUN cut lost or hold.

Is this going to fall further, I am only 2 weeks old on forex trading and it is quite scary.
Quoting AnthonyB
USD will go lower soon i bet
I Agree always after aggressive bull will come aggressive bear . I feel good opportunity to sell USD /all currencies and commodities .USD bull today from fear about Europe ( Deutsche and Brexit )
Quoting Guest
I have long at 1.3219 & 1.3108..... Now losing position. Wondered if I should JUN cut lost or hold.

Is this going to fall further, I am only 2 weeks old on forex trading and it is quite scary.
Cool if you Equity permit for you buy more to make new everedge Exp 1.3219 + 1.3108 + 1.2740 = 1.3022 you decrease your position for better so if GBP target 1.3022 close all you will not loose nothing .Good Luck
Quoting Ghassforex
Cool if you Equity permit for you buy more to make new everedge Exp 1.3219 + 1.3108 + 1.2740 = 1.3022 you decrease your position for better so if GBP target 1.3022 close all you will not loose nothing .Good Luck
My personal opinion - don't trade pound, kiwi, Aud, other funny currencies.

And a firm, painfully gained wisdom - don't buy.

Did i mention some old friends from chats - one was hell-sure about E/U topping over 1.55....
One was into carry trade. Buying G/J when it was going above 240
For all i know they are still buying...

GL.
You KNOW things are bad for Cable when you look for a bottom in the monthly Chart...
The whole planet is waiting for a retracement to short...again...and again...
Quoting cuchuflito
You KNOW things are bad for Cable when you look for a bottom in the monthly Chart...
The whole planet is waiting for a retracement to short...again...and again...
Exactly. I agree 100% that why its good to go long for short term and wait for retracement take profit then go short for long term.
Quoting Ghassforex
Exactly. I agree 100% that why its good to go long for short term and wait for retracement take profit then go short for long term.
Why don't just wait. Then short.

The risk of jumping on a falling knife, moving train...
Quoting Guest
I have long at 1.3219 & 1.3108..... Now losing position. Wondered if I should JUN cut lost or hold.

Is this going to fall further, I am only 2 weeks old on forex trading and it is quite scary.
if you wish to talk personally just PM me
plenty of Long trades getting wrecked right now
I understand the current fundamental picture right now regarding the Pound, but when the fear subsides, you watch just how fast all these short positions unwind.

I'ts going to be epic.
Quoting F0reverForex
I understand the current fundamental picture right now regarding the Pound, but when the fear subsides, you watch just how fast all these short positions unwind.

I'ts going to be epic.
When do you think this will happen?
  •  Guest
  • | IP XXX.XXX.79.148
now the GBP/USD & EUR/GBP in te dark zone which means no logic for their moves market makers will go to any deep to catch all stop losses . if u want to get some money ( HIT AND RUN )
Quoting Not-KPMG
Why don't just wait. Then short.

The risk of jumping on a falling knife, moving train...
Hello my Dear because GBP over sold must to be correction at short terms then we go short for long terms .Before Brexit GBP was 1.50 and drug down to 1.2790(data was bad) then correction to 1.3475 now GBP drug down from 1.3425 to 1.2685 (data very good ) No correction ??? Strange !!!!
GBP/USD in the dark zone dont follow logic ... market makers will go for any deep to hit all the stop losses
Quoting Ghassforex
Hello my Dear because GBP over sold must to be correction at short terms then we go short for long terms .Before Brexit GBP was 1.50 and drug down to 1.2790(data was bad) then correction to 1.3475 now GBP drug down from 1.3425 to 1.2685 (data very good ) No correction ??? Strange !!!!
Brexit make pound -1300 pips then correction + 600 pips now article 50 news make pound -750 must to correct minimum 300 pips .
Quoting cliffedwards
When do you think this will happen?
My opinion 9 oct when BOE keep rate unchanged + bad fundamental picture and fear subsides , today new tone for " May" she declare ( it's too early to say what kind of Brexit agreement deal will be struck with EU) What you think ? what about your opinion my dear ?
Quoting Ghassforex
My opinion 9 oct when BOE keep rate unchanged + bad fundamental picture and fear subsides , today new tone for " May" she declare ( it's too early to say what kind of Brexit agreement deal will be struck with EU) What you think ? what about your opinion my dear ?
This is a fundamental structural move... directly related to Brexit.
Yes there will be counter rallies but hard to call.

Two key issues are now scaring the market.
1. The complexity and time scale for exit negotiations have been hugely underestimated and the FoM red lines makes compromise on either side and anything but a Hard Brexit v much more difficult than previously understood..
2. As a result..the COST of brexit was never fully understood by the voters.
When that becomes apparent.. in 1-2 years time, I believe it will lead to a new round of political instability in the UK.
Quoting medond
GBP/USD in the dark zone dont follow logic ... market makers will go for any deep to hit all the stop losses
They did it already the lowest price was 1.2790 (Brexit) market makers hit all stop losses new lowest price today 1.2685 for that reason it is good to go long now with market makers not against them .
Quoting cliffedwards
This is a fundamental structural move... directly related to Brexit.
Yes there will be counter rallies but hard to call.

Two key issues are now scaring the market.
1. The complexity and time scale for exit negotiations have been hugely underestimated and the FoM red lines makes compromise on either side and anything but a Hard Brexit v much more difficult than previously understood..
2. As a result..the COST of brexit was never fully understood by the voters.
When that becomes apparent.. in 1-2 years time, I believe it will lead to a new...
I agree 100% . Any early election at UK can turn table upside down political situation very bad the Remain party still on hold till now when negotiations will begin sure they will react bad and maybe 'May ' will be under pressure.
Quoting Ghassforex
They did it already the lowest price was 1.2790 (Brexit) market makers hit all stop losses new lowest price today 1.2685 for that reason it is good to go long now with market makers not against them .
That makes sense to me I think the down trend on daily which strted at around 1.3420 is at the end of wave 3, and now we are at end of wave 5 of that wave 3 on H4 , I expect a W4 correction to at least 38 percent .
  •  Guest
  • | IP X.XXX.214.179
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  • Story Stats
  • Posted: Oct 4, 2016 2:50am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 73  /  Views: 13,290