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Cable Update (GBPUSD)

  • #699,681
  • Oct 23, 2022 3:34pm Oct 23, 2022 3:34pm
Quoting Jolita
{quote} Sunak likely will be a winner, Johnson dropped out.
BTW, I like how Mr Johnson story goes from bravely cut his holiday short to fly home, get his pals to tell everyone he was going to win the leadership contest, fail to get enough support to win the leadership contest and then pull out of the leadership contest, all in the public interest.

What a guy. He got strong sense of humour....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #699,682
  • Oct 23, 2022 3:35pm Oct 23, 2022 3:35pm
Quoting BeeTogether
{quote} Opened 30 mins ago
Not on my broker
  • #699,683
  • Oct 23, 2022 3:36pm Oct 23, 2022 3:36pm
Quoting BeeTogether
Wow 100 pip up on open
really?
  • #699,684
  • Oct 23, 2022 3:38pm Oct 23, 2022 3:38pm
Quoting BeeTogether
{quote} Opened 30 mins ago
Which broker? Onada?
  • #699,685
  • Oct 23, 2022 3:38pm Oct 23, 2022 3:38pm
Quoting Purple
{quote} Rishi Sunak is the opposite of what Liz Truss was. He is the so called ‘Fiscal Realist’, while Truss was completely fiscally irresponsible which led to market crashing 3-4 weeks in first place. The energy problem in UK is a real one with winters coming, he will keep the billing cap announced by Truss but he will raise the Corporation Tax from 19% to 24% to fund it being fiscally ‘responsible’. Second, he wants to tackle the inflation most (long term) which Truss completely ignored in her ‘Mini Budget’. So he is all in favor of raising Interest...

If rising energy costs have been enough to drive businesses out of the EU into the US, rising energy costs and rising taxes should have a pretty devastating impact on the UK economy.
  • #699,686
  • Oct 23, 2022 3:39pm Oct 23, 2022 3:39pm
Quoting Purple
{quote} Which broker? Onada?
Pretty sure the markets open in 20 minutes, this is still premarket.
  • #699,687
  • Oct 23, 2022 3:39pm Oct 23, 2022 3:39pm
Quoting Jolita
Opened sell at 11385
Lucky you, my brokers open one hour later. But it should stay up there until then.
Everyone can see the chart, but only a few can actually read it.
  • #699,688
  • Oct 23, 2022 3:39pm Oct 23, 2022 3:39pm
Quoting Pat Chiko
{quote} Some remarks on Johnson... First, how can Boris Johnson formally pull out of something he hadn’t formally entered? (He never had the 100 supporters, thus he was not a eligible contestant to stand..) Second, how could he have “hoped he, Sunak and Mordaunt could come together and unite”? (That’s like Arsenal hoping they could unite with Tottenham and Chelsea.) Third, what about democracy? Try to fix things ?
He hasn't declared running it, he had a chat with Sunak last night, and waited to see how many actually voted for him. Backed off basically.
  • #699,689
  • Oct 23, 2022 3:40pm Oct 23, 2022 3:40pm
Remember last week don’t put your account in jeopardy chasing the gap . It could go up and up and then your stuffed
  • #699,690
  • Oct 23, 2022 3:40pm Oct 23, 2022 3:40pm
Quoting dantpm
{quote} Pretty sure the markets open in 20 minutes, this is still premarket.
IG is open all weeekend and some of the regular brokers open 1 hour before the regular trading time. I know of Saxo, not sure who else does this.
Everyone can see the chart, but only a few can actually read it.
  • #699,691
  • Oct 23, 2022 3:42pm Oct 23, 2022 3:42pm
Quoting OnlineAddict
{quote} Lucky you, my brokers open one hour later. But it should stay up there until then.
I am playing on the gap left. Paying high spread, volatility was high at the openning. Risky, as might go higher first in 20 mins.
  • #699,692
  • Oct 23, 2022 3:43pm Oct 23, 2022 3:43pm
Quoting nAVIN2007
{quote} really?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2022-10-23 at 21.42.44.png Size: 41 KB
  • #699,693
  • Oct 23, 2022 3:45pm Oct 23, 2022 3:45pm
Inserted Video
POSTMASTER
  • #699,694
  • Oct 23, 2022 3:46pm Oct 23, 2022 3:46pm
Looking at the GU rally vs the EU rally, there is nothing that supports the huge discrepancy between the two!
  • #699,695
  • Oct 23, 2022 3:48pm Oct 23, 2022 3:48pm
Quoting T721
{quote} {image}
Which broker is this. Give me a link to see for myself
Please join me in my journey for 100 perfect trades. See my journal!
  • #699,696
  • Oct 23, 2022 3:50pm Oct 23, 2022 3:50pm
Quoting T721
{quote} {image}
awesome
  • #699,697
  • Oct 23, 2022 3:50pm Oct 23, 2022 3:50pm
Quoting dantpm
Looking at the GU rally vs the EU rally, there is nothing that supports the huge discrepancy between the two!
huge discrepancy?!
  • #699,698
  • Oct 23, 2022 3:51pm Oct 23, 2022 3:51pm
Quoting fleps
{quote} Which broker is this. Give me a link to see for myself
IG markets
  • #699,699
  • Oct 23, 2022 3:51pm Oct 23, 2022 3:51pm
Quoting Purple
{quote} Rishi Sunak is the opposite of what Liz Truss was. He is the so called ‘Fiscal Realist’, while Truss was completely fiscally irresponsible which led to market crashing 3-4 weeks in first place. The energy problem in UK is a real one with winters coming, he will keep the billing cap announced by Truss but he will raise the Corporation Tax from 19% to 24% to fund it being fiscally ‘responsible’. Second, he wants to tackle the inflation most (long term) which Truss completely ignored in her ‘Mini Budget’. So he is all in favor of raising Interest...
Thanks for sharing your interesting view.
Learn few things there from you.

Thus looking at Pound already gives its verdict on Tory leadership race.
Sunak good.
Johnson bad.
Another GBP short squeeze on the cards tomorrow as risks of another Boris term gets priced out.
Positioning is a lot cleaner though so any rally might be short-lived.

Watch out for the squeeze..
Take care & Trade Well

Pat
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #699,700
  • Oct 23, 2022 3:51pm Oct 23, 2022 3:51pm
[quote=OnlineAddict;14192978]{quote} IG is open all weeekend and some of the regular brokers open 1 hour before the regular trading time. I know of Saxo, not sure who else does this.[/quote

Official Forex trading hours are 5pm EST to 5 pm EST. Brokers can and do offer afterhours and premarket trading.
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