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Cable Update (GBPUSD)

  • #505,921
  • Dec 11, 2019 4:43pm Dec 11, 2019 4:43pm
Quoting HaLBot
{quote} I believe a hung parliment or a labour minority government will send cable down further than 1.27 and I have 1.2430 as being hit with Fibo from low of 1957 to the current high of 3214 gives us a hit on 1.2430 at 38.2 Was also hit last week of Dec 2018
and please let us have some details info here about how many seats for each party means hung parliament and how many means a majority
  • #505,922
  • Dec 11, 2019 4:44pm Dec 11, 2019 4:44pm
Quoting Arshamv
{quote} I agree, 1.27 is first target and quick action if we have a hung parliament
Yeah hung parliment will mean Brexit dragging on for more years to come destroying the country while the pollies get their nice little pay packets and benefits...

This might help re. seats in UK parliament, https://www.parliament.uk/
Don't Leave Money on the Table
  • #505,923
  • Dec 11, 2019 4:55pm Dec 11, 2019 4:55pm
Quoting HaLBot
{quote} I believe a hung parliment or a labour minority government will send cable down further than 1.27 and I have 1.2430 as being hit with Fibo from low of 1957 to the current high of 3214 gives us a hit on 1.2430 at 38.2 Was also hit last week of Dec 2018
Yep can totally agree with this. Will be an exciting ride tomorrow!
Pip Goes The Weasel
  • #505,924
  • Dec 11, 2019 5:11pm Dec 11, 2019 5:11pm
Quoting HaLBot
{quote} I believe a hung parliment or a labour minority government will send cable down further than 1.27 and I have 1.2430 as being hit with Fibo from low of 1957 to the current high of 3214 gives us a hit on 1.2430 at 38.2 Was also hit last week of Dec 2018
What are the chances of a hung parliament?
  • #505,925
  • Dec 11, 2019 5:33pm Dec 11, 2019 5:33pm
The price action on cable is almost entirely being dictated by the shift in the opinion polls on a daily basis but nobody on this thread seems to be paying attention to this.

Cable is currently the strongest up trending major pair, having rallied 1000 pips in 2 months, why do so many people here seem intent on selling into it?
Nil desperandum
  • #505,926
  • Dec 11, 2019 5:36pm Dec 11, 2019 5:36pm
Quoting vincentprice
The price action on cable is almost entirely being dictated by the shift in the opinion polls on a daily basis but nobody on this thread seems to be paying attention to this. Cable is currently the strongest up trending major pair, having rallied 1000 pips in 2 months, why do so many people here seem intent on selling into it?
Don't need to pay any attention to any news the charts are telling the story of direction and distance.

Do you think for one minute the world cares two hoots about the British Elections or any other countries for that matter.
  • #505,927
  • Dec 11, 2019 6:13pm Dec 11, 2019 6:13pm
Quoting Nala66
{quote} Don't need to pay any attention to any news the charts are telling the story of direction and distance. Do you think for one minute the world cares two hoots about the British Elections or any other countries for that matter.
Those who matter do
  • #505,928
  • Dec 11, 2019 7:10pm Dec 11, 2019 7:10pm
hey guys, what time election results being announced ?
Intraday only.
  • #505,929
  • Dec 11, 2019 7:15pm Dec 11, 2019 7:15pm
Quoting navk
hey guys, what time election results being announced ?
Friday morning I think....
  • #505,930
  • Dec 11, 2019 7:16pm Dec 11, 2019 7:16pm
Europe does, how about the US

Quoting Nala66
{quote} Don't need to pay any attention to any news the charts are telling the story of direction and distance. Do you think for one minute the world cares two hoots about the British Elections or any other countries for that matter.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #505,931
  • Dec 11, 2019 7:17pm Dec 11, 2019 7:17pm
Quoting vincentprice
The price action on cable is almost entirely being dictated by the shift in the opinion polls on a daily basis but nobody on this thread seems to be paying attention to this. Cable is currently the strongest up trending major pair, having rallied 1000 pips in 2 months, why do so many people here seem intent on selling into it?

Quoting Nala66
{quote} Don't need to pay any attention to any news the charts are telling the story of direction and distance. Do you think for one minute the world cares two hoots about the British Elections or any other countries for that matter.
Two different ways of looking at it but you're both right.
  • #505,932
  • Dec 11, 2019 7:18pm Dec 11, 2019 7:18pm
Quoting NieFenG999
{quote} Friday morning I think....
i was just reading... thursday night 2 pm UK time, the results will start coming out and friday morning totally will be out.
Intraday only.
  • #505,933
  • Dec 11, 2019 7:20pm Dec 11, 2019 7:20pm
When will the exit poll be released?
Based on interviews with voters outside of polling stations, exit polls predict the results of general elections. Unlike opinion polls, which ask voters who they intend to vote for, exit polls ask people who they actually voted for.
Exit polls are normally announced at 10pm on election day, immediately after the polling stations close and before the official results are announced by constituencies across the country.
Like previous elections, the 2019 exit poll will be announced at 10pm by Huw Edwards.
Intraday only.
  • #505,934
  • Dec 11, 2019 7:20pm Dec 11, 2019 7:20pm
Sterling defiantly cares ,
Corbyn is worse than a Boris deal is the theme
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-3-days.png Size: 43 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #505,935
  • Dec 11, 2019 7:21pm Dec 11, 2019 7:21pm
When will we know the results, and how can I watch them live?
After polling stations close at 10pm, the votes will be counted in two stages. This process typically ends around 2am, with the winner to be announced shortly after, in the early hours of the morning.
BBC, ITV, Sky News and Channel 4 have all confirmed they will be reporting the general election on Thursday night and Friday morning.
Each broadcaster will launch their programme just before the polls close at 10pm, continuing throughout the night and into the early hours of the morning as the results are announced
Intraday only.
  • #505,936
  • Dec 11, 2019 7:25pm Dec 11, 2019 7:25pm
there will be exit polls but results after 10gmt onwards ...I believe
If exit polls are decisive- probably move the market.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #505,937
  • Dec 11, 2019 7:26pm Dec 11, 2019 7:26pm
Quoting Bones
there will be exit polls but results after 10gmt I believe If exit polls are decisive probably move the market.
yes 10 pm
Intraday only.
  • #505,938
  • Dec 11, 2019 7:33pm Dec 11, 2019 7:33pm
I agree with you on news generally but something so big is very important... we talk about the direction of this whole saga
Other than that monitor the general colour of the news results over time is what I do.

I don't think today will move within the normal confines of tech necessarily.

Quoting Nala66
{quote} Don't need to pay any attention to any news the charts are telling the story of direction and distance. Do you think for one minute the world cares two hoots about the British Elections or any other countries for that matter.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #505,939
  • Dec 11, 2019 8:57pm Dec 11, 2019 8:57pm
I see a lot of traders here simply ignore the trend attempting to preempt the reversal. Don't tell the market what to do...let the market tell you what it is going do and then go with it.
  • #505,940
  • Dec 11, 2019 9:15pm Dec 11, 2019 9:15pm
Quoting avpcap
I'm stuck in a dirty short at 1.3120. Hope price can revisit it today.
The trend is your friend until it bends, avpcap
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