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Cable Update (GBPUSD)

  • #431,821
  • Jun 3, 2016 8:18am Jun 3, 2016 8:18am
Quoting dean1star
144 600 from yesterday bought the buy
Awesome.....have you let run or closed it?
Don't Leave Money on the Table
  • #431,822
  • Jun 3, 2016 8:20am Jun 3, 2016 8:20am
Quoting Don96
does anyone know decent broker for spreadbetting... with the lot size denominated in GBP and not USD?
fxcm do spread betting .. just my 2 cents worth - like em or not they spread bet in the UK for sure
  • #431,823
  • Jun 3, 2016 8:21am Jun 3, 2016 8:21am
Quoting adetola99
{quote} I close it before news but I was able to get my lost back from the market I am little not comfortable trading above R3 so I close my trade for + 20 pips even if it close higher than my exits I am ok for the week

Great your up 5 pips

Who would have thought where pound is now heh....all the talk about was it's going to 4200....well just not tonight, but the closer we get to brexit/bremain the crazier things are gonna get
Don't Leave Money on the Table
  • #431,824
  • Jun 3, 2016 8:22am Jun 3, 2016 8:22am
Quoting HaLBot
{quote} Awesome.....have you let run or closed it?
looking at 146 to close . plus some change see if we can make 150 pips on the move.
  • #431,825
  • Jun 3, 2016 8:26am Jun 3, 2016 8:26am
Quoting Don96
does anyone know decent broker for spreadbetting... with the lot size denominated in GBP and not USD?
BTW have checked this out with the tax people and UK spread betting is tax free - IN THE UK - as long as spread betting is not your first source of income.
Lets say you were a driver and you earnt a grand a month then spread betting profits are tax free - if your a cleaner and you earnt 200 a week then your spread betting is tax free.

FXCM add an extra pip on the rate to spread bet so pound dollar is usually around 1.7 on the spread for the spread betting.

IF SPREAD BETTING is your first or only source of income then YOU ARE TAXED ON the Profit. Just thought to give you a heads up there..
  • #431,826
  • Jun 3, 2016 8:28am Jun 3, 2016 8:28am
Quoting Don96
does anyone know decent broker for spreadbetting... with the lot size denominated in GBP and not USD?
IG
Activtrades
  • #431,827
  • Jun 3, 2016 8:33am Jun 3, 2016 8:33am
Okay i have Closed the week with exactly 2000 Pips Awaited. The aggressive style i announced on Monday is paying off massively. Will wait for another dip down to buy again. 1.473X on my mind. Have a great weekend guys.
Trading Eternal...... Shiny & Chrome!!!!
  • #431,828
  • Jun 3, 2016 8:37am Jun 3, 2016 8:37am
Quoting HaLBot
{quote} Arasheed you need to start posting ideas not just asking where price is going, something like "I see on my charts that price is now at such and such I believe it will hit resistance at such such what do you think" just a suggestion because if you do that you get better at trading....please don't take any offence just attempting to help M8...
Thanks for your advice and guidance, below is the screen shot where I think GBP may touch 1.4650 resistance?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-axicorp-financial-services.png Size: 44 KB
  • #431,829
  • Jun 3, 2016 8:37am Jun 3, 2016 8:37am
Funny I was looking at eur/usd chart a few hours ago thinking theres a lot of empty space above it needs filling, filled now with almost 200 pips...lol
Don't Leave Money on the Table
  • #431,830
  • Jun 3, 2016 8:40am Jun 3, 2016 8:40am
Quoting HaLBot
Funny I was looking at eur/usd chart a few hours ago thinking theres a lot of empty space above it needs filling, filled now with almost 200 pips...lol
same with eurgbp still have space to fill
  • #431,831
  • Jun 3, 2016 8:41am Jun 3, 2016 8:41am
Quoting arasheed
{quote} Thanks for your advice and guidance, below is the screen shot where I think GBP may touch 1.4650 resistance?{image}
  • #431,832
  • Jun 3, 2016 8:46am Jun 3, 2016 8:46am
Quoting arasheed
{quote} Thanks for your advice and guidance, below is the screen shot where I think GBP may touch 1.4650 resistance?{image}

Now I feel bad....LOL

Great chart M8, I would advise removing your positions before posting but up to you...yes could get there tonight
I have to sort something out with my trading platform, atm I can only post a link of the screen shot from the broker, not sure why my saved screenshots can't post on FF. The other way is to use the mt4 platform I use for charting on another PC, it's gonna be a juggling act.
Above reason why I don't post charts to often and I keep telling myself to fix it then forget...
Don't Leave Money on the Table
  • #431,833
  • Jun 3, 2016 8:50am Jun 3, 2016 8:50am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmH1.png Size: 26 KB
  • #431,834
  • Jun 3, 2016 8:59am Jun 3, 2016 8:59am
Quoting arasheed
{quote} Now How far cable going North, 100, 200 Pips ?
Could be making wave 4-5 of upward trend from May 16th,( wave 1-2 wa just a hidden micro-trend) IMO.
...
  • #431,835
  • Jun 3, 2016 9:13am Jun 3, 2016 9:13am
how do you trade this pair if the US dollar is being sold off and there is a risk of the Brexit? Better odds at the slot machine?
it rubs the lotion on its skin
  • #431,836
  • Jun 3, 2016 9:14am Jun 3, 2016 9:14am
Quoting lakhan
{quote} IG Activtrades
cheers for that buddy, ill check them out now
  • #431,837
  • Jun 3, 2016 9:21am Jun 3, 2016 9:21am
staying in just in case - if you know what i mean
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m5-oanda-division4.png Size: 57 KB
  • #431,838
  • Jun 3, 2016 9:21am Jun 3, 2016 9:21am
Quoting dean1star
{quote} BTW have checked this out with the tax people and UK spread betting is tax free - IN THE UK - as long as spread betting is not your first source of income. Lets say you were a driver and you earnt a grand a month then spread betting profits are tax free - if your a cleaner and you earnt 200 a week then your spread betting is tax free. FXCM add an extra pip on the rate to spread bet so pound dollar is usually around 1.7 on the spread for the spread betting. IF SPREAD BETTING is your first or only source of income then YOU ARE TAXED ON...
what about student?
  • #431,839
  • Jun 3, 2016 9:28am Jun 3, 2016 9:28am
Quoting Don96
{quote} what about student?
i think you already know the answer to that one hey Don .. lol
  • #431,840
  • Jun 3, 2016 9:43am Jun 3, 2016 9:43am
wow the gbp's flying
Attached Image (click to enlarge)
Click to Enlarge Name: NZD (DFB).png Size: 27 KB
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