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Cable Update (GBPUSD)

  • #491,801
  • Sep 3, 2019 4:37pm Sep 3, 2019 4:37pm
Looks like kicking the can down the road it is, now that EU knows Boris most likely lost his no deal card, there are no incentives to re-open the withdrawal agreement.
Not so sure if it is really going to be as simple to get an extension from EU this time around, since the current UK parliament cannot agree on what they want and it doesn't look like labour is going to a the general election vote tomorrow, they are now back to square one and will most likely keep on asking for extensions in 2020 too. If I am EU, I will grant further extensions only if UK agrees to hold another referendum and hoping they chose to remain this time.

Thinking short term rally on GU, but the continuous prolongation of Brexit should be quite bad for GU long term, and if any EU leaders come out and say they won't grant an extension, it will probably sent it down quite violently.
  • #491,802
  • Sep 3, 2019 5:25pm Sep 3, 2019 5:25pm
still on high pressure on selling on GU..
  • #491,803
  • Edited 7:19pm Sep 3, 2019 7:04pm | Edited 7:19pm
The Uk public voting pattern had made it so -EU needed addressing after passing many treaties of change with no public check at all.
UKIP success and many conservatives own opinion.

Brexit party takes the place of UKIP and they won the EU elections by some margin unless you're a mathematic genius

So Uk public at large want to get out and that's not changed. Mostly England and Wales of course but it's a Union.
It would be weird to say we have a mandate to remain when the vote in that area was remain...(Scots)
In an election, this will be borne out,
because the fact is = no matter what's been said in 3 years no one changed their mind especially existing parliament who don't want to do it.
Opinion on this matter is entrenched...

Quoting tinnitus
{quote} Not really. The Tories created the referendum to try to shut up a side of the party, not expecting they'd win. Some of the Tories who campaigned for Brexit didn't even want it, they were positioning themselves for the future in terms of internal Tory party politics. The faces of Boris and Liam Fox after winning said it all. Referendums are daft, especially if they are framed as a binary choice for political reasons (because they didn't want a vote for Brexit). Do you want to keep everything the same.....or do you want one of these million...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #491,804
  • Sep 3, 2019 7:11pm Sep 3, 2019 7:11pm
If Scotland left the Uk it would go broke without a doubt with oil half the value of its last ref date
They were super lucky to vote remain
Scotland cost the Uk Union more than the EU running a massive deficit including oil and gas revenue
Let alone tariffs if they joined EU with their biggest trading partner by far.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #491,805
  • Edited 7:39pm Sep 3, 2019 7:24pm | Edited 7:39pm
The main thing to consider is the public made this happen, it's not Cameron or any other politicians fault.
The public gives parliament its sovereignty and their about to kick out a lot of deadwood who still fight for remain when the biggest vote in history was leave.
That's the beauty a democracy where your vote can change something.

Quoting tinnitus
{quote} Not really. The Tories created the referendum to try to shut up a side of the party, not expecting they'd win. Some of the Tories who campaigned for Brexit didn't even want it, they were positioning themselves for the future in terms of internal Tory party politics. The faces of Boris and Liam Fox after winning said it all. Referendums are daft, especially if they are framed as a binary choice for political reasons (because they didn't want a vote for Brexit). Do you want to keep everything the same.....or do you want one of these million...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #491,806
  • Sep 3, 2019 9:39pm Sep 3, 2019 9:39pm
one should only buy today this pair.

The fractal resistance formed at 2105 can be broken any time. On break of that or dips can be bought today.
Intraday only.
  • #491,807
  • Sep 3, 2019 9:49pm Sep 3, 2019 9:49pm
2137 first and then 2195.

Most probably 2195 will be met today.

Go ahead, take long. ( I am saying for my self )

Intraday only.
  • #491,808
  • Sep 3, 2019 10:18pm Sep 3, 2019 10:18pm
Moty, GU/GJ looks promising from this result ya?

Quoting Moty
In a few minutes, there will be a vote on whether to go to the UK elections
yakinaja.hajarblehh
  • #491,809
  • Sep 3, 2019 10:22pm Sep 3, 2019 10:22pm
my 4hr support + signal
Attached Image (click to enlarge)
Click to Enlarge Name: Alpari MT4.png Size: 81 KB
Intraday only.
  • #491,810
  • Sep 3, 2019 10:27pm Sep 3, 2019 10:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 49 KB
Attachment g
Attached Image (click to enlarge)
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yes yes yes
  • #491,811
  • Edited 10:44pm Sep 3, 2019 10:32pm | Edited 10:44pm
Usdx bull still ok and some more correction chance in place, one tl to play soon. Daily doji at top but not enough as failure at top yet. Just following pa to deal others. Take care.
Gu, still ranging down likely.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #491,812
  • Edited 10:46pm Sep 3, 2019 10:33pm | Edited 10:46pm
Quoting Moty
{image}3430305 {image}
yesterday high broken, so I do not count on pull back now.

In such case, daily R1 first , then a pull back may be possible.

But, AFTER testing daily pivot, it is going up strong, so in all case, I expect R2 today
Intraday only.
  • #491,813
  • Edited Sep 4, 2019 12:46am Sep 3, 2019 10:53pm | Edited Sep 4, 2019 12:46am
ADR HAS THE POTENTIAL FOR A HUGE SWING TODAY FOLKS.

EDIT: The asian market is emphasizing a level of bullishness, so i will short, just for the hell of it.
EDIT:2 Adding to shorts
EDIT: OUT WITH A SWEET $80.23
Attached Image (click to enlarge)
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Shorting again at the 1.21050 area
  • #491,814
  • Sep 3, 2019 11:26pm Sep 3, 2019 11:26pm
Quoting Marcieny
there is an ab = cd pattern there ... and a Gartley month ... many things can happen yet... It would be nice to have a lateralization in a few weeks ... if Gu do the double top it could fall much later ... it would be nice to see an M... maybe go up .. go down and then go up again Time will tell.
Go up or down actually ?
lateralization again ?
Time will tell ? how long again ?
  • #491,815
  • Sep 4, 2019 12:02am Sep 4, 2019 12:02am
Quoting navk
{quote} yesterday high broken, so I do not count on pull back now. In such case, daily R1 first , then a pull back may be possible. But, AFTER testing daily pivot, it is going up strong, so in all case, I expect R2 today
Lol why every day i need to fight you peopls ?
There will a pull back , the market doesn't go in straight move
Attached Image (click to enlarge)
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yes yes yes
  • #491,816
  • Sep 4, 2019 12:05am Sep 4, 2019 12:05am
Came down to get stops liquidity now up it goes
ex nihilo
  • #491,817
  • Edited 12:53am Sep 4, 2019 12:17am | Edited 12:53am
Quoting oc6oph
came down to get stops liquidity now up it goes
50% fib is the Flip zone, in the one min chart
Attached Image (click to enlarge)
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  • #491,818
  • Sep 4, 2019 12:25am Sep 4, 2019 12:25am
Quoting Dingoman-two
{quote} {image}
I don’t understand this. I’m thinking we’ll be back above 2300 soon
ex nihilo
  • #491,819
  • Sep 4, 2019 12:29am Sep 4, 2019 12:29am
Quoting Oc6oph
{quote} I don’t understand this. I’m thinking we’ll be back above 2300 soon
Just scraping the fibs in low volatility low time frame my friend.
  • #491,820
  • Sep 4, 2019 12:32am Sep 4, 2019 12:32am
Quoting Dingoman-two
{quote} Just scraping the fibs in low volatility low time frame my friend.
How many pips do you aim for? Been focusing more on this pair as it give a lot of pips quickly sometimes
ex nihilo
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