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  • Sterling could rise 5% on long Brexit extension

    From think.ing.com

    video Speculation that Brexit could be delayed has pushed the pound higher in the last two weeks. And the rally may not be over. James Smith explains what could happen to sterling and the UK economy if Article 50 is extended.

hmm
so, it means get ready to short??
Quoting zamans98
hmm so, it means get ready to short??
Hahaha... Yeah it probably that’s what it means.
Anyway, as I previously pointed, brexit with or without deal cannot be good for U.K. Besides any extension prolongs the agony and creates more uncertainty, which can hardly push GBP 5% higher than it is now.
The only positive side of an extension is that the probability of canceling the Brexit increases. But again this is as uncertain as far in the future.

So someone please tell me why would GBP increase by 5%???
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Quoting NotAtrader
So someone please tell me why would GBP increase by 5%???
Chart patterns? 1.38 is out of question for you? Wow!!
Everyone can see the chart, but only a few can actually read it.
From$1toMillion EA All Time Return: 21.4%
Quoting OnlineAddict
{quote} Chart patterns? 1.38 is out of question for you? Wow!!
I am sure one day you will get your 1.38...

I am also sure that if I begin today to talk about 1.50, one day in 10 or 15 years period I might get that right. You never know.

Besides, yet again you are confusing fundamentals with technicals. This article is about fundamentals and only fundamentals, while you’re trying to take credit for your technical forecast based on other’s fundamental analysis. Dude that doesn’t make you a better technical analyst, nor a better trader at all. In fact it just makes you look funny and stupid. How funky is that!?

Said that, I couldn’t care less about this fundamental analysis, as to me it looks quite improbable and unlikely to happen. I have my charts and I know they do not show any uptrend all the way to 1.38. If that ever happens any time soon, that would be only because of fundamental changes, not because of your funny TA BS.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
So if it gets extended so what??? Then it’s guarnteed to fall eventually??? Stupidest reasoning. Going up based on extension bike the economy is getting smoked.
Besides no deal Brexit any solution is priced in now. I assume a small delay and UK accept the current deal plus some addtional remarks on backstop. GBP will soon start to travel south. Speaking of GBPJPY it nearly reached bold reistsence @~149.
Timing is essential forex. We are way way too early for that sort of extension upwards. Daily fractal points to lower price is near to mid term.
Trash talking and trading cr.p is all pound is.

Not for me

I'll sell when :
A. All morons screaming buy
B. Lies are exhausted, deals signed, misery returned.

Don't care 1.33 or 1.35-38-99 😱😱😱😂
Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
Quoting NotAtrader
{quote} Hahaha... Yeah it probably that’s what it...
So someone please tell me why would GBP increase by 5%???

You know i don't trade pound (now) and I'd only sell when time is right...
😱😱😂😂😂💰💰💰

But the 5% up question is interesting.

Same with Aussie etc - cr.p manipulated currency increase when speculation and lies fly about.
So possible next spike when political monkeys bray
Or TMay says next joke - free house in Spain, free French masseuse 😀😀😀😉😉😉😉😂😱

It's all gossip and stop hunts, comes naturally to banksters.
Sadly i understand it, but got no time or desire to apply.

Good luck
Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
Quoting OnlineAddict
{quote} Chart patterns? 1.38 is out of question for you? Wow!!
https://www.investing.com/news/econo...veness-1796069

Maybe Trump can help you reach your technical 1.38 with fundamental breaking manipulation news so that you can say “Look guys I was right. My chart told me that”

Anyway you shouldn’t have any problems because you don’t trade GBP pairs (if I remember correctly)

So guys we may see GBP spike up a little on Monday, but soon resuming the main downtrend.
Let’s see...
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Hmmm … "Sterling could rise 5% on long Brexit extension". It could also go down 5% on a hard Brexit. It could also do nothing.
Just avoid trading GBP pairs altogether, the currency is bonkers atm and probably would be till the end of the year. It's already March.
Read in between the price!!!
Quoting NotAtrader
{quote} https://www.investing.com/news/econo...veness-1796069 Maybe Trump can help you reach your technical 1.38 with fundamental breaking manipulation news so that you can say “Look guys I was right. My chart told me that” Anyway you shouldn’t have any problems because you don’t trade GBP pairs (if I remember correctly) So guys we may see GBP spike up a little on Monday, but soon resuming the main downtrend. Let’s see...
Look, you might think technical trading is bullshit and its fundamentals that make the chart. Well, then trade fundamentals, but don't say technical is BS, just because you can't read the chart. I had a 90% success rate in trades in 2018, biggest win 400 pips, biggest loss 17 pips and I trade only chart patterns, I couldn't care less about all the fundamental bullshit or news or anything like that. I trade moves that I see in the chart and let the events/"surprising" news speed them up to hit my targets.

You say dollar might do down, because Trump says so? No, dollar is topping, thats the only reason why it might go down and all the "news" will support the chart, simple as that. Bad news will make dollar fall and good news will make it retrace, simple as that. Just as when euro was topping around 1.25 and everyone was only looking up and when I said I see it drop towards 1.16-18, people were laughing...but it was topping for so long, fundamentals didn't matter, chart won, it always wins, because the chart represents everything thats happening in the market.
Everyone can see the chart, but only a few can actually read it.
From$1toMillion EA All Time Return: 21.4%
Quoting OnlineAddict
{quote} Look, you might think technical trading is bullshit and its fundamentals that make the chart. Well, then trade fundamentals, but don't say technical is BS, just because you can't read the chart. I had a 90% success rate in trades in 2018, biggest win 400 pips, biggest loss 17 pips and I trade only chart patterns, I couldn't care less about all the fundamental bullshit or news or anything like that. I trade moves that I see in the chart and let the events/"surprising" news speed them up to hit my targets. You say dollar might do...
I didn’t say technical trading is bullshit.
I said your technical analysis is bullshit.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Quoting NotAtrader
{quote} I didn’t say technical trading is bullshit. I said your technical analysis is bullshit.
Until its right, call it bullshit all you want.
Everyone can see the chart, but only a few can actually read it.
From$1toMillion EA All Time Return: 21.4%
Quoting NotAtrader
{quote} I didn’t say technical trading is bullshit. I said your technical analysis is bullshit.
NaT you're my dear friend

So take one advice 🙉😀😀 don't argue with s...y people
Like I did with Tudor.... And oh look 600 ignored on my list

Smart people can never persuade them...

Plus u and Onlinus have different frames.
You make money on 15min.🙊🙊
He waits 1.45 on monthly 😱😱😂😂😂😂😂

..
If someone makes money, whichever way, is OK 💰💰

https://www.forexfactory.com/attachm...1&d=1540548676

Hope anyone remember this post....
https://www.forexfactory.com/showthr...7#post11628327


And the 1.45 fervent hope that TRIGGERED it.

Oh look 1.26 makes me right
Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
Quoting Not-KPMG
{quote} NaT you're my dear friend ... And oh look 600 ignored on my list ..
600 Holy cow ...... My tolerance level is much higher than yours man. Obviously I need to learn something from you...

Okay Donny Trumpy did it again, but Kathy Lien sees something completely different.
What a mess! A president v/s a FOREX strategist.

I’ll get my popcorn. Whoever wins I will make money. This is why I love FOREX

Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Quoting Not-KPMG
{quote} NaT you're my dear friend So take one advice don't argue with s...y people Like I did with Tudor.... And oh look 600 ignored on my list
How are your pound shorts from 1.20, euro shorts from 1.04 and bitcoin longs from below 20k? 😂 Why don't you mention those trades anymore? You were trading those into parity and bitcoin into 1 million. You are the biggest troll here...posting trades in every direction now and then quoting only those which work out. 😂
Everyone can see the chart, but only a few can actually read it.
From$1toMillion EA All Time Return: 21.4%
Quoting kingleeny
So if it gets extended so what??? Then it’s guarnteed to fall eventually??? Stupidest reasoning. Going up based on extension bike the economy is getting smoked.
I concur absolutely.
Quoting OnlineAddict
{quote} Look, you might think technical trading is bullshit and its fundamentals that make the chart. Well, then trade fundamentals, but don't say technical is BS, just because you can't read the chart. I had a 90% success rate in trades in 2018, biggest win 400 pips, biggest loss 17 pips and I trade only chart patterns, I couldn't care less about all the fundamental bullshit or news or anything like that. I trade moves that I see in the chart and let the events/"surprising" news speed them up to hit my targets. You say dollar might do...
Congratulations, I'm totally amazed by your win rate. I was never able to achieve more than 60% until I dropped everything and started trading daily charts. Notwithstanding, the key to success is money management. Did you keep statistics of your wins by chart pattern? If you did would you mind sharing these statistics for last year; if not which chart pattern did you find best?
The population of Swindon voted yes for Brexit. The city's Honda car plant exports 90% of its production to the mainland. Here is the result that Brexit will achieve:

https://www.standard.co.uk/news/uk/honda-urged-to-rethink-decision-to-close-swindon-plant-as-3500-jobs-are-at-risk-a4070106.html
Quoting NotAtrader
{quote} ... I am also sure that if I begin today to talk about 1.50, one day in 10 or 15 years period I might get that right.....
...I remember when US$ was 2.40 to the pound ( GBP )
Carbon-Dioxide: the gas of life!
Quoting Exodus
{quote} ...I remember when US$ was 2.40 to the pound ( GBP )
So do I ..
Memories caught in time but never forgotten
Quoting Hutch
{quote} Congratulations, I'm totally amazed by your win rate. I was never able to achieve more than 60% until I dropped everything and started trading daily charts. Notwithstanding, the key to success is money management. Did you keep statistics of your wins by chart pattern? If you did would you mind sharing these statistics for last year; if not which chart pattern did you find best?
You're asking for truth and transparency on FF
Stop dreaming....
Come with me if you want to live....
Quoting Ill-b-back
{quote} You're asking for truth and transparency on FF Stop dreaming....
Well Ill-b-back, trading on small time frames I thought it was marvelous to win half the trades. If OnlineAddict doesn't answer I guess I must go back to sleep and dream of something else
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  • Posted: Mar 2, 2019 12:06am
  • Submitted by:
     THINK.ing
    Category: Fundamental Analysis
    Comments: 25  /  Views: 4,951