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  • UK PM Johnson: Totally Against Brexit Extension And The UK Should Be Leaving The EU On October 31

What started as a split in the conservative party has turned into a massive split in the country. I fail to see how blackmailing the opposition into a GE will really resolve anything long term. Please stop messing with peoples lives, sort out a deal, put it to the people and either they want it or they don't. Until then the GBP remains good for short term trading only as the level of uncertainty changes on a minute by minute basis. Only my oppinion
Can he shut the Fuck up, he is tumbelling the market for nothing
Quoting Ghass1234
Can he shut the Fuck up, he is tumbelling the market for nothing
LOL he won’t cause his matey Oder is trying to hold his pants shorting the GBP......ROFL
Bring down GU fellow, make some opportunities to us.
still waiting for red news from UK
or maybe tweet from trump
"If you run, you'll only die tired." - Sniper's philosophy
Quoting Ghass1234
Can he shut the Fuck up, he is tumbelling the market for nothing
you're right man, of course for us traders not for European and British, this week has not been good for making much profits, just selling NZD and AUD and OIL were not bad.
Expect more of these types statement out of Johnson and Co.
Objective would be Drum up public support for GE and break the Parliament log jam inhibiting Brexit process.
Corbyn will not be able to stand in way once Public starts open dialogue.
I think that it is time for traders to sue the British government for mucking up the Pound currency.
Quoting Micc23
I think that it is time for traders to sue the British government for mucking up the Pound currency.
Utter BS. Never heard so much Cr@p in all my life.

Since we voted to leave EU TRaders have had incredible opportunities to profit in volatility that would not otherwise have existed. If they don't have the skill/wit to take advantage that's their problem not HMG's!
see u at 1.20150
Quoting nbfx
{quote} Utter BS. Never heard so much Cr@p in all my life. Since we voted to leave EU TRaders have had incredible opportunities to profit in volatility that would not otherwise have existed. If they don't have the skill/wit to take advantage that's their problem not HMG's!
forgive me for intervention. you said it incredible opportunities?!!! it's just a fundamental issue that nobody can precisely predict it, it's more like a gambling than trading man. Brexit show messes any technical up and only those ones who have information about exact numbers of votes can inter into trade. on the other hand, given being different parties, any interview of them change the trade direction. Anyway, you can't put much money into it except a small volume. briefly, I with respects say it gambling not trading.
Trading GBP in the last 3 years has required quite a high level of political analysis on top of normal economic/market/tech skill. For those particularly those not skilled/familiar with UK politics without benefit of that insight it has indeed proved very challenging. And may for some look like gambling, and I sympathise with their views. In recent years politics and ability to read behind the news, has become a much more important factor in trading in USD and GBP. Its been a major factor in trading EMCs since forever.

Quoting foto
Expect more of these types statement out of Johnson and Co. Objective would be Drum up public support for GE and break the Parliament log jam inhibiting Brexit process. Corbyn will not be able to stand in way once Public starts open dialogue.
Reasonable analysis. And fairy typical of BJs archstrategist Domenic Cummins.
Ive just been mailed a background bio file on Cummins. Only scanned.. but will read over W/E.
Initial scan suggests its ugly reading. Really ugly.
Warning: A Dangerous Subversive: 1% of comments CoCed
BoJo lost his MoJo
Quoting sadeghi
{quote} forgive me for intervention. you said it incredible opportunities?!!! it's just a fundamental issue that nobody can precisely predict it, it's more like a gambling than trading man. Brexit show messes any technical up and only those ones who have information about exact numbers of votes can inter into trade. on the other hand, given being different parties, any interview of them change the trade direction. Anyway, you can't put much money into it except a small volume. briefly, I with respects say it gambling not trading.
gambling for low iq, for smart one they take advantage and make good money
Quoting sadeghi
Brexit show messes any technical up and only those ones who have information about exact numbers of votes can inter into trade.
Not really. That depends on the time frame. Cable (GBPUSD) on the weekly charts has been quite tame from technical point of view. From the day of the referendum until now it is one giant descending triangle, downtrend.

When cable goes near the top of the triangle, a trendline, sell....and close at time of your choosing depending on your courage and patience. When this summer cable was at 1.19, an all-chart low on the monthly charts going back to 1992 (!!!), the baseline of the triangle, don't sell because some guy on ForexFactory is having fantasies of parity!

And now cable is up, last week touched the trendline and almost touched the 2.5 std. dev. Bollinger band, sell (I did). The trendline has not been violated. Don't buy because some bloke on ForexFactory is yelling buy buy buy, 1.45 coming!

It is not complicated....but is hard to be contrarian and trust your own analysis.
Where i heard these lies 😱😱😱😨😨 and why pound not falling????

Ohhhhh usual lies 😱😱👏👏
Beware of robber banks (RB), bad advisors.
Quoting nbfx
{quote}... TRaders have had incredible opportunities to profit in volatility that would not otherwise have existed. If they don't have the skill/wit to take advantage that's their problem not HMG's!
True.

76% lose money.😭 due to shortage in the upper floor.

I say good spikes !!!!

For every SL i hit i get 3 take profits or manual .

Know your playfield 😱😱😱🐢🐢👏
Beware of robber banks (RB), bad advisors.
That's all well and good Boris, but we all know that won't happen.
Come with me if you want to live....
English rugby in great shape. Decisive!
Quoting ekan
{quote} Not really. That depends on the time frame. Cable (GBPUSD) on the weekly charts has been quite tame from technical point of view. From the day of the referendum until now it is one giant descending triangle, downtrend. When cable goes near the top of the triangle, a trendline, sell....and close at time of your choosing depending on your courage and patience. When this summer cable was at 1.19, an all-chart low on the monthly charts going back to 1992 (!!!), the baseline of the triangle, don't sell because some guy on ForexFactory is having...
Technical is a set. Trend45, MA, RSI, Elliot, FIBO and ..., you can't just concentrate on one technic, when you wanna open a position, you should consider a set of proper technics and besides reliable fundamental, let me bring you a good example, at 1.2983 GU was oversold at all time frame, wave 5 Elliot formed and hit fibo 0.00, overall, technical told us that it will fall under 1.29 but that time the Fundamental told us it would go up and break 1.3050 and then fluctuate in range 1.3050 - 1.3280, here there was a challenging. here a trader couldn't trust in technical or fundamental. the path was unclear. at last, thechnical was won and dropped under 1.29. but now, you assume that the DUP didn't tweet at last time, you think what will happen? GU went up and broke 1.30 to 1.3023 but just with one tweet it went back. or at second step, about timetable, at first, the DUP told that they will abstain and for this, we all concluded that timetable will be passed but what happened? exactly at last time they turned in opposing it!!!, for this about GU, we can't open long or short position with a good money and just could put small money into it. on the other word, we can't be sure that technical will work or fundamental.
Quoting sadeghi
{quote} Technical is a set. Trend45, MA, RSI, Elliot, FIBO and ..., you can't just concentrate on one technic, when you wanna open a position, you should consider a set of proper technics and besides reliable fundamental
Not really. The price of a single instrument is very simple from mathematical point of view: a time series, two variables only one of which (price) is random to a significant degree. No matter how many indicators (mathematical equations that are fed these two variables) you line up, you will not increase the information content of the system. This is the fundamental source of the well known phenomenon of overfitting, the bane of technical analysis-based systems no matter manual or automated.

If you line up a bunch of indicators and wait for them to all turn green, you will trade way too few times, and usually by that time, due to the lag inherent in all indicators (some are less other more laggy), you are way too late and the machines of the market makers are ready to flip the trend on you. And baaam, there goes your tight stop loss, because you overleveraged into "serious money" and need that tight stop loss to satisfy some mechanical money management scheme. Frustration (so obvious in your posts) mounts.

Perhaps you could think over a radical idea: "the entries are not important, the exits are".
Quoting ekan
{quote} Not really. The price of a single instrument is very simple from mathematical point of view: a time series, two variables only one of which (price) is random to a significant degree. No matter how many indicators (mathematical equations that are fed these two variables) you line up, you will not increase the information content of the system. This is the fundamental source of the well known phenomenon of overfitting, the bane of technical analysis-based systems no matter manual or automated. If you line up a bunch of indicators and wait...
with respects, I completely disagree with you, anyway, you and i are far from each other. Econometrically, your explanation is not true. in one empirically model, you should consider key variables into a model and otherwise, the power of explanatory will be low and leads to results with bias that you can't rely on it. in brief, I have a simple rule: using a key technical set besides reliable fundamental.
Quoting ekan
{quote} Perhaps you could think over a radical idea: "the entries are not important, the exits are".
totally agree.
the key of this game is knowing the exit.
combined with good money management, you got the holy grail
"If you run, you'll only die tired." - Sniper's philosophy
Quoting sadeghi
{quote} with respects, I completely disagree with you, anyway, you and i are far from each other. Econometrically, your explanation is not true. in one empirically model, you should consider key variables into a model and otherwise, the power of explanatory will be low and leads to results with bias that you can't rely on it. in brief, I have a simple rule: using a key technical set besides reliable fundamental.
Alright. You have your methods I have mine. Best of luck and cheers.
Quoting ekan
{quote} Alright. You have your methods I have mine. Best of luck and cheers.
I wish you the best trades. good luck.
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  • Posted: Oct 25, 2019 7:29am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 25  /  Views: 16,685