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Cable Update (GBPUSD)

  • #396,981
  • Sep 7, 2014 8:12am Sep 7, 2014 8:12am
Quoting elbert3
{image} have a look at this month chart ,one could see if HDA and or big players look at things ,,price never completed the major fib levels ie the 50/61% from the h/l ??? what does one think of that reasoning ??? also lookk at the red line left and right ??? no double lines any body got a spin on that .
Yes, but I'd have dig way back in the corner to find it. Maybe later I'll have time.

Good Morning Billy.

EDIT: Ok, maybe not "that" far back... lol

Quoting albchr
{quote} True enough. Nothing is "too" obvious anyway. I never though GU to those levels but I thought it could see the 50% at 1.7321. So close I thought sure the big guys would tap it and then this fall would happen. In all honesty, I still think it could My "break point" for the bull run was always 6250ish. Break and successfully test and reject that and I'm 100% convinced it's over. What do all of you think. Is the bull run officially done in your eyes? {image}
Ghost Rider - WWTBMD?
  • #396,982
  • Sep 7, 2014 8:30am Sep 7, 2014 8:30am
if you want big players position ,look at plain monthly ,thats where they are minimum ,honestly position traders wont be building longs at this time ,and def not when hda started,about 300 pips ago

Quoting elbert3
{image} have a look at this month chart ,one could see if HDA and or big players look at things ,,price never completed the major fib levels ie the 50/61% from the h/l ??? what does one think of that reasoning ??? also lookk at the red line left and right ??? no double lines any body got a spin on that .
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,983
  • Sep 7, 2014 8:36am Sep 7, 2014 8:36am
Yes voters have 51%.............................


Wonder how big the gap down will be.
Twitter: @TrendersGame
  • #396,984
  • Sep 7, 2014 8:38am Sep 7, 2014 8:38am
on eu I wonder how many were fooled by that bullish hammer after bearish outside from 1.4 ,I see 3 crows eu ,
its the same situ cable ,dark cloud through 1.7 ,confirmation
now this month ?
Attached Image (click to enlarge)
Click to Enlarge Name: eur USD monthly (DFB).png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,985
  • Sep 7, 2014 8:47am Sep 7, 2014 8:47am
Reading all the post here in the last weeks i did not saw more than 3 or 4 post with something new or indicatory..

I agree,
monthly candle is giving a look as than the downtrend is just started,
but also having a look at the Weekly candle and drawing a simple line
suggests me that there is a possible bounce that could last a week or two,
what would mean few hundred pips on Daily candle..

So what to do now ?

How does a bearish Monthly affects me if i only want to grab 100 pips on daily bounce ?
Or whats if now a Monthly bounce is coming as just seen at Weekly only to continue more to the south then.

Should i wait 3 months to place long trade ??
With a small Account risk and a vise chosen SL
there is a nice LONG opportunity at the moment, imo

aso aso..

Trade your own style.
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Click to Enlarge Name: ff gbp.png Size: 76 KB
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  • #396,986
  • Sep 7, 2014 8:56am Sep 7, 2014 8:56am
Quoting Bones
on eu I wonder how many were fooled by that bullish hammer after bearish outside from 1.4 ,I see 3 crows eu , its the same situ cable ,dark cloud through 1.7 ,confirmation now this month ? {image}
Given it's location, I hope not many. Especially with the structure at the top.
Ghost Rider - WWTBMD?
  • #396,987
  • Sep 7, 2014 8:58am Sep 7, 2014 8:58am
Quoting Citiboy
Yes voters have 51%............................. Wonder how big the gap down will be.
it's less likely to get any kind of gap on monday open . the vote is on a knife edge at the moment for sure but we should consider the margin of error .

you can check for any gap on cable rates before market open here - Mid-market rates: 2014-09-07 -.

Lot of news :
-UK to give Scotland more powers if shuns independence : more autonomy on tax, spending and welfare
-An independent Scotland would be poorer, more unstable and fiscally weak
-Queen 'horrified' at prospect of Scotland breaking away from UK : a word from the queen who is supposed to be neutral on Tv would settle the matter IMO

edit : another thing , maybe a yes vote would set back the BOE time table for a rate hikes significantly as uncertainty would rise sharply.
Get Rich or Die Tryin
  • #396,988
  • Sep 7, 2014 9:03am Sep 7, 2014 9:03am
Quoting Citiboy
Yes voters have 51%............................. Wonder how big the gap down will be.
That's what I was thinking as well, until I read that:

1) There's another poll this w/end that instead shows NO camp still ahead at 52% (although the media is obviously more focused on reporting the poll you mentioned).

2) Apparently there will be a proposal by the British government for a new deal in the next few days, to entice the Scottish population to vote NO.

The market might want to see the details on 2) in particular before intiating another sell off and if we do open with a gap to the downside (certainly a possibility) that might be filled quickly in the next few days. Also keep in mind that a poll is not the final vote and we're in a neck to neck situation, so anything can happen. There's definitely risk building up to the upside for a rally as well, particularly after the recent selloff. One thing we can expect most likely is volatility this week.....
  • #396,989
  • Sep 7, 2014 9:05am Sep 7, 2014 9:05am
haha ,your kidding ?

Quoting hoom
{quote} i a word from the queen who is supposed to be neutral on Tv would settle the matter IMO.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,990
  • Sep 7, 2014 9:07am Sep 7, 2014 9:07am
Quoting albchr
{quote} Yes, but I'd have dig way back in the corner to find it. Maybe later I'll have time. Good Morning Billy. EDIT: Ok, maybe not "that" far back... lol {quote}
Ok Chris that would be of interest thanks, B
  • #396,991
  • Sep 7, 2014 9:11am Sep 7, 2014 9:11am
Quoting Bones
haha ,your kidding ? {quote}
Get Rich or Die Tryin
  • #396,992
  • Sep 7, 2014 9:13am Sep 7, 2014 9:13am
Attached Image
well we all know who he is portraying to be , but was he long or is he attacking short,,lol
  • #396,993
  • Edited 10:12am Sep 7, 2014 9:21am | Edited 10:12am
I'm from the south uk ,theres a clear divide on so many levels ,especially far as Scotland ,I wouldn't blame them going it alone ,
they def are not interested in anything Royal ,or Westminster

http://en.wikipedia.org/wiki/North&#...United_Kingdom
Quoting hoom
{quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,994
  • Sep 7, 2014 10:10am Sep 7, 2014 10:10am
Headlines like this might change things - probly increse the yes vote lol.

http://i.dailymail.co.uk/i/pix/2014/...ontrol_jpg.jpg
We'll put guards on Scottish border: Ed Miliband reveals incendiary plan as Yes camp leads for first time in shock new poll
  • #396,995
  • Sep 7, 2014 10:13am Sep 7, 2014 10:13am
Quoting hoom
{quote} it's less likely to get any kind of gap on monday open . the vote is on a knife edge at the moment for sure but we should consider the margin of error . you can check for any gap on cable rates before market open here - Mid-market rates: 2014-09-07 -. Lot of news : -UK to give Scotland more powers if shuns independence : more autonomy on tax, spending and welfare -An independent Scotland would be poorer, more unstable and fiscally weak -Queen 'horrified' at prospect...
(what a D***head) labour are doomed under him, they chose the wrong brother


is n't the Queen and the royal family German (or partly)
i don't think she speaks Scottish either,

Scotland's beautiful (outside of Glasgow) and if it was nt so cold its likely many more would move there,
they seem to of really sorted there act out under Mr Salmond and could probably teach the UK how to govern a bit better
good luck to them i think they would do better without the UK and is why the campaign is being played so underhand and dirty from the uk side as they know the Scotts would do just fine

surely though the no campaign will come up with yet more scare tactics by the time of the vote

regarding rates Ben Bernanke said a yr or so ago - they will Never raise rates
Mr Carney did nt seem to get the memo and was shot back down after his last round of alluding rates might rise
but then again they seem to like all the will they won't they nonsense

it will be interesting to see how much or little the GBP rally's upto the UK election
abit of bactesting possibly shows something?
  • #396,996
  • Sep 7, 2014 10:14am Sep 7, 2014 10:14am
Quoting Bones
I'm from the south uk ,theres a clear divide on so many levels ,especially far as Scotland ,I wouldn't blame them going it alone , they def are not interested in anything Royal ,or Westminster http://en.wikipedia.org/wiki/North&#...United_Kingdom {quote}
And the queen wants to hang on to all her castles - wonder if they would keep her as head of state?
  • #396,997
  • Sep 7, 2014 10:34am Sep 7, 2014 10:34am
Quoting Carlsberg
{quote} (what a D***head) labour are doomed under him, they chose the wrong brother is n't the Queen and the royal family German (or partly) i don't think she speaks Scottish either, Scotland's beautiful (outside of Glasgow) and if it was nt so cold its likely many more would move there, they seem to of really sorted there act out under Mr Salmond and could probably teach the UK how to govern a bit better good luck to them i think they would do better without the UK and is why the campaign is being played so underhand and dirty from the uk side...
be interesting to see how much or little the GBP rally's upto the UK election

Be more interesting after the election, especially if Ukip get any seats.
  • #396,998
  • Sep 7, 2014 10:38am Sep 7, 2014 10:38am
never thought of that guess they can't take from her ,lots of questions if they get a yes ,I doubt Scottish generally are pro royal do you ?
,
edit looked it up
http://www.telegraph.co.uk/news/ukne...ependence.html


Quoting stewrigh
{quote} And the queen wants to hang on to all her castles - wonder if they would keep her as head of state?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,999
  • Sep 7, 2014 10:50am Sep 7, 2014 10:50am
Quoting hoom
you can check for any gap on cable rates before market open here - Mid-market rates: 2014-09-07
XE.com posts the first real number 2 hours before the market open, everything else has no meaning. It can show the same price as on friday 2 hours and 5 minutes before market open and then 10 minutes later 50 pips more or less. They don't have accurate weekend numbers, noone does.
Everyone can see the chart, but only a few can actually read it.
  • #397,000
  • Sep 7, 2014 10:55am Sep 7, 2014 10:55am
Quoting stewrigh
{quote} be interesting to see how much or little the GBP rally's upto the UK election Be more interesting after the election, especially if Ukip get any seats.
are n't UK politicians generally told not to cross the Scottish border unless extremely necessary
i do like Farage's style of politics, although not many of his policy's
the Scottish might be better off repelling him at the border
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