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Cable Update (GBPUSD)

  • #432,141
  • Jun 10, 2016 8:56am Jun 10, 2016 8:56am
Boom that looks like a signal of intent
  • #432,142
  • Jun 10, 2016 9:12am Jun 10, 2016 9:12am
good time to double check usdx

Quoting Bones
draw you attention to possible situ,see sight of this week {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,143
  • Jun 10, 2016 9:22am Jun 10, 2016 9:22am
Long Cable at 1.4323.
  • #432,144
  • Jun 10, 2016 9:27am Jun 10, 2016 9:27am

Quoting iamawaited
{quote} Awesome Charts as always..
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,145
  • Jun 10, 2016 9:38am Jun 10, 2016 9:38am
I'm wondering why you think that ,immigration is secondary problem ,

Quoting gammase1
{quote} Agreed on highlighted area. The Brexit campaign has totally lost the economic argument and now relies on pushing immigration fears as being the driver of their case for leaving.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,146
  • Jun 10, 2016 9:42am Jun 10, 2016 9:42am
Quoting Jfx
Long Cable at 1.4323.
Closed at 1.4335. Still a little heavy. +12.
  • #432,147
  • Edited 10:52am Jun 10, 2016 10:14am | Edited 10:52am
Quoting Bones
I'm wondering why you think that ,immigration is secondary problem , {quote}
The economic argument for staying in the EU isn't strong. The UK can cut better deals independently.
Germany and France will want to maintain economic ties because it's in their best interest. If you look at the fishing industry or sugar as an example, EU regulation has cost UK hundreds of millions in lost revenue. And UK fishermen can't even fish their own waters. The UK is buying fish from Belgium fisherman fishing in UK waters at a much higher cost than before.

Of course Brussels likes this arrangement. What will happen longer term is a form of super national socialism will take over the independent local industries and dictate price controls. The bigger problem is the EU bureaucratic costs sitting on top. The EU is a highly inefficient top heavy system which pays it's bureaucrats extraordinarily well, while stripping out the productive resources of the member countries. The people on top want to keep this going because they like their shiny EU buildings and fat paychecks. But it has made the EU bloc the least efficient in terms of growth compared to every other nation they trade with.
  • #432,148
  • Edited 10:51am Jun 10, 2016 10:27am | Edited 10:51am
exactly how I see it ,actually I don't bother politics much ,but this I feel strongly after spending a bit of time on ,word in my circle is the same ,tho don't trade on it lol
its no to un-healthy bureaucracy
but cable has dropped over 100 pips today ,so long ..

Quoting Jfx
{quote} The economic argument for staying in the EU isn't true. going because they like their shiny EU buildings and fat paychecks. But it has made the EU bloc the least efficient in terms of growth compared to every other nation they trade with. Back in long on Cable.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,149
  • Edited 11:02am Jun 10, 2016 10:32am | Edited 11:02am
Quoting Bones
exactly how I see it ,actually I don't bother politics much ,but this I feel strongly after spending a bit of time on ,word in my circle is the same ,tho don't trade on it lol but cable has dropped over 100 pips today ,so long .. {quote}
I don't care much for politics either. I just like the idea of local decisions being made locally, it makes more sense to maintain that level of economic control over your own affairs.

We hit the daily ADR, but we're still risk off today, so I'm not expecting a big move up yet. Weekly candle could close on the doji line if some buyers come in.
  • #432,150
  • Jun 10, 2016 10:36am Jun 10, 2016 10:36am
d1 looks like this ,i wouldn't be surprised to see close on ,or around but to me the tl is doomed

Quoting Bones
d1 looks like this to me {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,151
  • Jun 10, 2016 10:38am Jun 10, 2016 10:38am
i think its time for a ride to 1.451
  • #432,152
  • Jun 10, 2016 11:39am Jun 10, 2016 11:39am
welcome home my little duck!
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  • #432,153
  • Jun 10, 2016 11:53am Jun 10, 2016 11:53am
Some Brokers are bringing new margin requirements for Cable...
This is what I think putting the pair under downside pressure...
I am still bullish on the Cable and my target for end of the month is 1.5... have a nice holiday...
There's no harm in being smtm wrong especially if one is promptly found out
  • #432,154
  • Jun 10, 2016 12:54pm Jun 10, 2016 12:54pm
New Brexit poll just came out. 55% leave. Cable plunging. Just went long GBPJPY at 151.50
  • #432,155
  • Jun 10, 2016 12:55pm Jun 10, 2016 12:55pm
Too easy hey to say they gonna take it to 150 before brexit - thats giving the game away right - so they making their move early ..
guess the writing is now on the wall ..
  • #432,156
  • Jun 10, 2016 12:57pm Jun 10, 2016 12:57pm
Quoting Jfx
New Brexit poll just came out. 55% leave. Cable plunging. Just went long GBPJPY at 151.50
lol must have been fastest 100 pips of your life... do you have a chart?
  • #432,157
  • Jun 10, 2016 12:57pm Jun 10, 2016 12:57pm


Just closed at 152.50
  • #432,158
  • Jun 10, 2016 12:57pm Jun 10, 2016 12:57pm
Quoting bithedz
welcome home my little duck! {image}
smashed it
  • #432,159
  • Jun 10, 2016 1:06pm Jun 10, 2016 1:06pm
U.k. Poll on eu shows 45% remain, 55% leave: Orb/independent
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  • #432,160
  • Edited 1:31pm Jun 10, 2016 1:13pm | Edited 1:31pm
here this thing is outta control ,let alone the possibility of a EU army ,
way this is happening~evolved by stealth over many years

http://www.vernoncoleman.com/whytheeuisliketheold.htm
http://www.telegraph.co.uk/news/2016...t-from-voters/

Quoting gammase1
{quote} Agreed on highlighted area. The Brexit campaign has totally lost the economic argument and now relies on pushing immigration fears as being the driver of their case for leaving.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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