Cable Update (GBPUSD)

Posted this 5 sessions ago on Aug 2 when GU was at 1.31 area

5 sessions later its at 1,2850 and trickling lower.

For those following the trade explorer, we couldn't take GU trades in this portfolio due to correlation with another of our portfolio, hence no trades were posted and instead posted comments here

1.2650 - 1.2720 is the zone to play for in the next 3 - 9 sessions.

Look good , a False Break , stop loss at least 150 pips!

GBP/AUD also look so good for a buy

This is the GBP/NZD for those who didnt see it
I expect a similar movement in all the pairs of pounds

Harvest done, lol. Lots of SLs getting taken out at these level I think.

My 4H TL since May looks already invalid, 2780 is now a valid target this week (but not opening new sells anymore below 2880).

Will still keep selling next pullbacks as long as PA cannot take 2900 (SLs around here for new sells).
I'm also interested in EU (near 1635 is area of interest) and UC (this thing looks confused af atm).

Dude, seriously? You buying major and cross in the same time? Omg

GBPAUD very good buy in my opintion

COLORS + SMA300 + ARROW that show Previous traders buy positions by equal distances from the Colors pattern.


GL HF

I split the risk in major and cross at same time , dont put all the egg in 1 basket
By the way I make good pips with that GBP/NZD

Sterling continued its depreciation trend yesterday. The reason for the move is clearly increased concerns about the UK leaving the EU without an agreement (“no deal Brexit”). This is reflected above all in the options market where hedging against a collapse of Sterling has become much more expensive – with the prices still being a long way off the 2016 highs though. However, what is worrying about yesterday’s move is the fact that there was no obvious trigger for it, which to my mind constitutes a warning sign that the Sterling weakness might develop self-reinforcing tendencies. In such a case an acceleration of the downtrend would have to be expected, exactly the worst case scenario for Sterling that we have been warning about since the Brexit referendum. After all, for the individual investor it is no longer decisive at this juncture whether they themselves still believe in an amicable agreement between London and Brussels but what they think all others expect - at least if they want to avoid being the last ones to square their GBP investments (at even lower prices at that point). The fact that Great Britain records high current account deficits and therefore requires constant capital imports to finance these, clearly makes the situation worse. In case of the capital flows drying up or even a capital flight the current account would have to be adjusted which would of course be more painful for the economy the higher the capital requirements are. The result would be a deep economic crisis.

In this context I often hear the argument that a weak currency would support the export sector and thus the economy. Of course I agree with that. However, the difficulty is that this positive effect on trade flows takes some time to come into force. In the very first instance the depreciation is going to make imports more expensive. Although, to be honest, I am not a fan of the horror scenarios currently making the rounds in the media either that predict the end of the “British sandwich“ or even the starvation of the British population as a result of the UK’s dependence on food imports from the EU. That seems a little over-dramatic to me after all. Will inflation rise? Definitely. Can certain imports become scarce? No doubt. First of all that depends on how heavily certain supply chains will be affected by a sudden interruption of free trade and also on how pronounced Sterling depreciation will be. And the latter in turn depends very heavily on how decisively the Bank of England would react with rate hikes to the risk of capital flight.

And one other thing: yes, both the UK as well as the EU-27 would have a lot to lose in case of a “no deal Brexit” and as a result it may be right that the market overall still believes that an agreement will be reached, but I do not agree with the claims in some quarters that such a scenario would be worse for the EU than the UK. The fact alone that Sterling is under pressure but the euro is not at all affected suggests that I am not the only one to hold that view.

Ooo Yeaa..

H4 very nice I adding next orders

Do you have open positions on a real account or on a demo account?

Yeah, 2897 still acting as resistance at this point and may just drop to 2830 from here.
Not sure it will reach the 2938-50 mark.

This pair inicially is heading towards 1.2973. When it gets there its a short.

nice mate
i’m still sideline waiting..
just small scalps playing..

[quote = ZakopiecFX; 11349221] {quote} H4 zelo lepo dodajam naslednja naročila {image} [/ quote]




https://www.forexfactory.com/attachm...1&d=1533808195

Have you mentioned this on a real account or a demo account?

I have MAM account , Real account (you cant demo it).

Why you ask?

Update..

Do you have any idea what you are doing??

[quote = Mr.N; 11349357] {quote} Imam MAM račun, Real račun (ne morete ga demo). Zakaj vprašaš? {image} [/ quote]


I've seen you have three open positions to buy.

This is my job since 2007 so I guess I have an idea what I am doing. lol.