Cable Update (GBPUSD)

hit sl

did you really have a 3 point sl?

low risk high return again

London breakout strategy gave 30 pip in the morning .
Now there 2 gaps open

Last week, the volatility of the UK pound caught many experts by surprise. The currency staged a rally of more than 1% after the main Brexit negotiator from the EU Michel Barnier promised to offer Britain an unprecedented partnership, although he said something similar before. Apparently, investors are increasingly sensitive and nervous to react to any news on the topic Brekzita in conditions when both negotiating parties are warning about the threat of indiscriminate withdrawal of Britain from the EU without entering into any transaction.

"It is quite difficult for markets to understand to what extent these news are not just empty words of politicians, and how much they really affect the probability of reaching an agreement," says Mike Amey, managing Director at Pacific Investment Management Co. adding that the funds are now hedging risks, trying not to keep large positions on the pound neither for purchase nor for sale.

Market participants believe it is unlikely that the scenario in which the parties will not be able to reach an agreement, but this prospect still continues to put pressure on the pound. Meanwhile, British lawmakers are returning in early September from summer vacation, and any proposed Brexit deal will have to be voted on in Parliament, all of which should be done before March, when Britain leaves the EU.

In the meantime, the market continues to receive new reports on this topic. British Minister for Brexit Dominique Raab acknowledged that the October deadline for the transaction can be moved to a later date, after which the market intensified talk about an emergency EU summit with Britain, which can be convened in November — in addition to the two summits scheduled for October and December.

Full article - The UK pound is waiting for a month of unprecedented volatility

eurgbp started selling for next 2 or 3 days.

Who knows, it might finish in 1 day or 4 days.

can only gap at open, just saying
go to another feed check it out

started selling eurnzd in another account.

We have a bullish setup in place looking if it will be holding on its bullish turn

I usually check until H4, so just saw that monthly candle closed just nice.
Weekly looks bullish though but contained in 3030 TL, scary once visited again.
Anyways, I don't consider above H4 when trading, lol.

If this thing is still aiming deeper, 2730 should be easy, I doubt with 2650 though (at least not until FED+Brexit aim for it).

Just got on my desk, first TP done. Still running some shorts around 2990.
2810 should get visited soon. A visit to 2940 is possible as well, this is our WP and a crucial level for bulls IMO.
I'm babysitting some longs with UJ currently, opened today.

Will reassess open positions once EU touches 1640 and GU at 2810/2940.

Hi pal

Well....we don't know the exact target.

But as long as we stick to correct DIRECTION... and patiently WAIT TO ENTER.... We're fine.
Maybe wait correction 2920 then second sell.

I keep in mind weekly and monthly so i know what position to trade (short of course).


Haven't seen OnlineLongAddict lately.....

Will ask few policemen friends to check on him

here another one

Possibility between the UK and the EU may reach an agreement have once again faded away, fears of ''no deal'' Brexit increased risks on the downside. The pair is currently consolidating in negative territory, immediate support can be found around 1.2850 and follow by 1.2800.

Taken long in GU. 2860 and below. ( TP to close the gap ). But who knows I may close earlier also.

Another account :

Shorting EA above 6160 today.

for me, its the sidelines today...not sure which way we move, should look somewhat clearer tomorrow I suspect....

GU
1.280x-1.2824 Final for me
I buy big lot

1.2825-1.283x
I buy small lot

Why do you keep buying in a down move?

EG Not move up
Then GU Find Support and Up
===For Me===