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Cable Update (GBPUSD)

  • #500,321
  • Oct 22, 2019 12:27pm Oct 22, 2019 12:27pm
Quoting asgcorp
{quote} not going to happen, period. Monthly EG is topped out. {image}
Unfortunately EG will rise ascorp.
  • #500,322
  • Oct 22, 2019 12:28pm Oct 22, 2019 12:28pm
Quoting Marcieny
{quote} Unfortunately EG will rise ascorp.
Cool, i bought some yesterday
  • #500,323
  • Oct 22, 2019 12:29pm Oct 22, 2019 12:29pm
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yes yes yes
  • #500,324
  • Oct 22, 2019 12:29pm Oct 22, 2019 12:29pm
long 70 lots
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who dares wins
mashFX DSRII Return This Year: na
  • #500,325
  • Oct 22, 2019 12:30pm Oct 22, 2019 12:30pm
It will be interesting to see how much money this crap has cost all country’s. Travel meeting . Food bills hotel bills chauffeur car bills . Policing .etc .. it’s just a big f....no game.. CAN SOMEBODY TELL US ALL THE ABOVE WASTED COST OF THIS CRAP
  • #500,326
  • Oct 22, 2019 12:30pm Oct 22, 2019 12:30pm
Quoting asgcorp
4 outcomes possible today, but at any rate downside likely capped by 2700. there's no parity, no 1.1000 and even no 1.2000. Hard Brexit risk is removed from the market. Parliament votes for the deal - decent gains for GU, but not huge, as positive news is already priced in 80-90%. Maybe we hit 3100-3150 today. Parliament votes against the deal - losses, but likely mild, at least initially GU might hit 2700 today then. 3rd option - another delay/extension/amendment/whatever (a dud for the market) nothing happens we stay...
Awesome, however, somewhat corresponding to point 3, none of this matters unless the timetable motion for approval of said deal needs to be passed first. It’s looking like it could be three votes either side. In the event HMG loses the vote, HMG will pull the WAIB and push for a GE. It isn’t in HMG’s gift to call a GE they need a two-thirds majority under the FTPA. Labour will not vote for one unless and until an extension is granted.

My personal view is it will fall by 3-4 votes because it’s ludicrous to expect anyone to scrutinise a bill of this magnitude in such a short period of time. In this event > extension > GE.

LR
  • #500,327
  • Oct 22, 2019 12:32pm Oct 22, 2019 12:32pm
Quoting khalid33
{quote} Cool, i bought some yesterday
I am following the drawings..they are completed by news later.
  • #500,328
  • Oct 22, 2019 12:36pm Oct 22, 2019 12:36pm
another sad bull
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who dares wins
mashFX DSRII Return This Year: na
  • #500,329
  • Oct 22, 2019 12:37pm Oct 22, 2019 12:37pm
Quoting khalid33
{quote} As per economists EG parity is very healthy to UK economy especially exports to EU in case of Brexit .
UK is importing economy with superpowerful financial sector, they are much better off with stronger pound. Precisely stronger against EUR.
  • #500,330
  • Oct 22, 2019 12:40pm Oct 22, 2019 12:40pm
Quoting mashfx
another sad bull {image}
sad bull? How about the sad bears? Average entry is 2600, which is 350 points below current price.
With 16000 std lots, what's their loss then? you do the math.
Attached Images
  • #500,331
  • Oct 22, 2019 12:41pm Oct 22, 2019 12:41pm
eurgbp will rise but quite likely will stall again well before reaching parity
  • #500,332
  • Oct 22, 2019 12:41pm Oct 22, 2019 12:41pm
Quoting blackjacker
{quote} UK is importing economy with superpowerful financial sector, they are much better off with stronger pound. Precisely stronger against EUR.
I agree is a very strong economy ... I can not understand .... the only one who can hit head on with dxy.
  • #500,333
  • Oct 22, 2019 12:43pm Oct 22, 2019 12:43pm
Quoting MXT
eurgbp will rise but quite likely will stall again well before reaching parity
the pound will rise much one day ...
  • #500,334
  • Oct 22, 2019 12:47pm Oct 22, 2019 12:47pm
Quoting asgcorp
{quote} sad bull? How about the sad bears? Average entry is 2600, which is 350 points below current price. With 16000 std lots, what's their loss then? you do the math. {image} {image}
Yep, 1.2600 is TP for bears
who dares wins
mashFX DSRII Return This Year: na
  • #500,335
  • Oct 22, 2019 12:47pm Oct 22, 2019 12:47pm
Quoting mashfx
another sad bull {image}
My god...
  • #500,336
  • Oct 22, 2019 12:47pm Oct 22, 2019 12:47pm
Quoting Marcieny
{quote} the pound will rise much one day ...
yes agree with you , as soon as the political turmoil finds rest and solutions
  • #500,337
  • Oct 22, 2019 12:47pm Oct 22, 2019 12:47pm
Quoting elbert3
It will be interesting to see how much money this crap has cost all country’s. Travel meeting . Food bills hotel bills chauffeur car bills . Policing .etc .. it’s just a big f....no game.. CAN SOMEBODY TELL US ALL THE ABOVE WASTED COST OF THIS CRAP
instead of that,they should give money to poor people ..
  • #500,338
  • Oct 22, 2019 12:50pm Oct 22, 2019 12:50pm
Quoting Marcieny
{quote} I agree is a very strong economy ... I can not understand .... the only one who can hit head on with dxy.
Still the Brexit in the longer run is vague. I have no idea what's to follow.
  • #500,339
  • Oct 22, 2019 12:50pm Oct 22, 2019 12:50pm
Alright everyone i have loaded my gun with-buy stops and sell stops... lets get some brexit action....
Extreme gut feeling trader
  • #500,340
  • Oct 22, 2019 12:54pm Oct 22, 2019 12:54pm
less than 30 min .. fasten ur seat belts folks .
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