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Cable Update (GBPUSD)

  • #499,561
  • Oct 19, 2019 1:40pm Oct 19, 2019 1:40pm
Imo monday gu will touch 1.3000 and will start to give new lows in coming weeks. May breaks 1.2200 on nodeal brexit on 31 oct.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #499,562
  • Oct 19, 2019 1:42pm Oct 19, 2019 1:42pm
Attached Image (click to enlarge)
Click to Enlarge Name: 86996A5A-E75D-4C26-B1AF-FEA798305928.jpeg Size: 349 KB
so we think the gap is the blue line .but brokers might not have it that way and there could be filled short orders too but will you broker have that to ???
  • #499,563
  • Oct 19, 2019 1:44pm Oct 19, 2019 1:44pm
Quoting knkie
{quote} well parliament can not force the EU to extend. If they are done with it then thats that. Choose; Deal or no deal, but brexit will happen. i think the markets are starting to realise that. By monday the gap will already be normalised.
Its recovering so Monday it starts the climb back up
  • #499,564
  • Oct 19, 2019 1:58pm Oct 19, 2019 1:58pm
I'll wait for the news this week, especially brexit to trade pairs pound..maybe is better wait end of this month.
  • #499,565
  • Oct 19, 2019 2:00pm Oct 19, 2019 2:00pm
Quoting elbert3
{image} so we think the gap is the blue line .but brokers might not have it that way and there could be filled short orders too but will you broker have that to ???
when, then , why, what.. ....all rubbish, sorry.
what's the problem?
we all have to wait till markets open
waste of time...
if gap up....wait
If gap down wait..
there is ALWAYS a point of entry..
enjoy your weekend ....

TV
  • #499,566
  • Oct 19, 2019 2:05pm Oct 19, 2019 2:05pm
Boris said clearly today he will NOT ask for an extension. I am curious if he really does that or chickens out again.
Everyone can see the chart, but only a few can actually read it.
  • #499,567
  • Oct 19, 2019 2:09pm Oct 19, 2019 2:09pm
Quoting OnlineAddict
Boris said clearly today he will NOT ask for an extension. I am curious if he really does that or chickens out again.

he will end up in court..hopefully
  • #499,568
  • Oct 19, 2019 2:11pm Oct 19, 2019 2:11pm
Quoting OnlineAddict
Boris said clearly today he will NOT ask for an extension. I am curious if he really does that or chickens out again.
he said he is not negotiating. so maybe he sends the letter just as a formal thing but refuses to do anything else required for a delay. by his aggressive rethoric, he definitely has something up his sleeve so its going to be fun whats that gonna be...
  • #499,569
  • Oct 19, 2019 2:13pm Oct 19, 2019 2:13pm
Quoting knkie
{quote} well parliament can not force the EU to extend. If they are done with it then thats that. Choose; Deal or no deal, but brexit will happen. i think the markets are starting to realise that. By monday the gap will already be normalised.
I'm afraid it's not that simple knkie. If the UK crashes out with no deal, it impacts the entire EU due to bilateral agreements. It is in everyone's interest that the UK exits with a deal. The task of negotiating trade agreements will be 100 times more difficult if the UK crashes out, and they'll drag the Euro down with them, the EU won't risk that, so they'll grant an extension, but the currencies will continue to feel the impact.
Charts don't drive price, market conditions drive price...
  • #499,570
  • Oct 19, 2019 2:13pm Oct 19, 2019 2:13pm
Quoting knkie
{quote} well parliament can not force the EU to extend. If they are done with it then thats that. Choose; Deal or no deal, but brexit will happen. i think the markets are starting to realise that. By monday the gap will already be normalised.
Parliament cannot force the EU to extend , but can vote the government down on every move like today

imagine next week Parliament decides to vote on another amendment or motion that asks the government to apply for an extension with the EU , then gov cannot refuse to comply and cannot go against benn bill

even if tonight BoJo does not send the formal request to the EU , Parliament will find a way to vote a request to the UK gov to apply for an extension
  • #499,571
  • Oct 19, 2019 2:19pm Oct 19, 2019 2:19pm
Gap on gbp currently in normal limits 40 pip ... nothing .

but anything can happen between now and market open
Blogging daily now at www.volume.zone
  • #499,572
  • Oct 19, 2019 2:27pm Oct 19, 2019 2:27pm
Today we can easily see in the parliament speech that no one accepts the borris proposal. Obviously they will vote against the borris plans.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #499,573
  • Oct 19, 2019 2:58pm Oct 19, 2019 2:58pm
Quoting sgkrishn
Today we can easily see in the parliament speech that no one accepts the borris proposal. Obviously they will vote against the borris plans.
we 're gonna dwell in this breksick limbo for months to come , it has become such a pain , there is still no end in sight
  • #499,574
  • Oct 19, 2019 3:03pm Oct 19, 2019 3:03pm
so it ' s already happened , BoJo will seek extension

coming officially from EU

and the saga goes on
  • #499,575
  • Oct 19, 2019 3:07pm Oct 19, 2019 3:07pm
Quoting MXT
so it ' s already happened , BoJo will seek extension coming officially from EU and the saga goes on
i think positive for GU
  • #499,576
  • Oct 19, 2019 3:11pm Oct 19, 2019 3:11pm
Quoting fasy007
{quote} i think positive for GU
we ' ll see on Monday , but there ' s already a gap down of about 70 / 90 pips

but this brexit circus in no fun anymore , it ' s a burden getting ever more tiresome and heavy
  • #499,577
  • Oct 19, 2019 3:19pm Oct 19, 2019 3:19pm
Quoting MXT
so it ' s already happened , BoJo will seek extension coming officially from EU and the saga goes on
Where is it? Not seing any official news about it.
Everyone can see the chart, but only a few can actually read it.
  • #499,578
  • Oct 19, 2019 3:20pm Oct 19, 2019 3:20pm
Quoting OnlineAddict
{quote} Where is it? Not seing any official news about it.
it will come out soon
  • #499,579
  • Oct 19, 2019 3:32pm Oct 19, 2019 3:32pm
Quoting MXT
{quote} it will come out soon
where do you get info about the gap dOwn every where i've looked to far days the pound is shooting up?
Freedom is an asset.
  • #499,580
  • Oct 19, 2019 3:36pm Oct 19, 2019 3:36pm
Quoting AlexanderE
{quote} where do you get info about the gap dOwn every where i've looked to far days the pound is shooting up?
https://www.ig.com/en/indices/market...ekend%20GBPUSD
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