Cable Update (GBPUSD)

thats right no evidence of buying at all

"ill-be-waiting "
for the humble pie coming my way ,btw now theres a tl ,don't worry its no use ,its "not-going-back" ,for a bit
seems your crazy pitchfork was accurate after all

Right you are sir. I posted on my thread but easier to just draw than find.

EU, I posted chart, little bull? I see similar set up today, not so much forward.


http://www.forexfactory.com/showthre...74#post8764174

Media says there is a deal now and brexit is out and I see slightly bullish gbpusd next week. plus eurgbp bulls and gbpjpy bears fucked up..

UK's PM David Cameron: Can recommend U.K. stay in the EU, rest of EU has signed up to 4 reforms he sought.

Question? anyway referendum will be conducted ??

Well since you put it so eloquently....GA too, waiting on GN.

thats good nice to know I was wondering about this ?

although you waited ,
jumped the gun a little ,
anyhow good ideas I think

Strong close to end of day as Cable heads toward resistance.

Keeping analysis clean simple

Waiting for 3rd short to be triggered just below the 4450 area on the 4hr breakout retest in line with the monthly TL retest

Have a great weekend everyone

Nice pattern also.
If we get down there, I think it will be very bullish

dude I like to put "eloquently" and suggest to you a better opportunity. Eur/gbp always trended between 0.70 and 0.75 until this brexit and oil shit put on the table so often.. I believe eurgbp will go into that channel and eurusd will see below 1.10 next week. that was what Draghi wants too..He alway tried to drag gbp back to this channel..Im not totally sure about eurusd yet but dont think usd will go down against gbp too much. everybody was talking .80 days ago due to brexit risk. It will definitely touch .76 this week..

Oil down, rate hike postponed, and lastly this brexit? wtf? what will Draghi do then to get high inflation while gbp is getting cheaper?

trend is fucked up my friend, it is definitely over..I have blown one of my accounts due to fucking gbp as I was overleveraged, I was expecting this but too greedy to adjust my risk level.. to much gossip for euro next month(more QE), doubts about Japan CB, where will the money flow? obviously to oversold GBP!!!

watch for the gap sunday night in asia session, definitely go short then when you find the best time..

Keep what I write here, and if things go opposite, I promise you all I will never ever write in this site..

http://www.ibtimes.com/brexit-deal-r...eaders-2315505

"including strengthening the position of countries that do not use the euro as their currency"

BOOOMMM..CHF IS IN TROUBLE NOW TOO

They may try crazy moves to devalue their currency soon, stay out anything about CHF and Scandinavian crowns..

there will be so speculative moves next week

European Council conclusions here if it's interesting to anyone

http://www.consilium.europa.eu/en/pr...o-conclusions/

I know I expected a regression back to around 1.43 of that downward bubble toward close, but Jesus... Looks like the entire downward move we had was just a complete bubble of negative speculation about the EU meetings.

Get whatever dips you can next week and trade long like it's a repeat of the late January pattern...

#GBPUSD Some Bulls got ahead of next week and started buying before the close..... 1 good thing pound has it did not close below the 2x1.
so get ready for next week.... the price action could continue upward for a wave 3 if my calculation are correct

I just realized why economic data doesn't matter much in todays environment. First, you have to think about why economic data would move the market at all? Why would it? Well, traditionally it was people speculating on good or bad economic trends leading to interest rate shifts which would drive price action around economic data.

However, in todays environment... Everyone is at zero interest rates or heading toward negative interest rates. It doesn't matter what the short term economic data is, because it doesn't really matter at all... The economic data isn't going to cause central bankers to shift interest rates like it did in the past.

There will still be some rational reaction to big things like the US jobs report, but that is only because some people still believe economic data matters. In a few more years, those people will eventually "get it" and realize that the economic data doesn't matter. All financial systems and economies are screwed regardless of any short term boosts. All central bankers are trying to do is use up the last of their traditional firepower before they are forced to go to negative interest rates.

They will claw, scrape, and fight every inch to prevent the mass debt deleveraging cycle from commencing. What comes after that? Probably all the major fiat currencies are going to blow up and hyperinflate in a couple decades the way things are going. Central planners just will not take the hard medicine, so they are probably going to blow up the entire financial system.

agree... my short term plan next monday if price touch 1.4420...my short will start ...and hope it will touch 1.4470... first Tp is 1.4350...it may go down lower due to unfinish testing at 1.4240 for the next week lower...

I am bearish on the Cable for the coming weeks...