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Cable Update (GBPUSD)

  • #432,161
  • Jun 10, 2016 11:25am Jun 10, 2016 11:25am
Quoting Dano12
U.k. Poll on eu shows 45% remain, 55% leave: Orb/independent {image}
Survey of 2000 peoples only and who knows how many are undecided???
  • #432,162
  • Jun 10, 2016 11:28am Jun 10, 2016 11:28am
Quoting Dr.Zain
{quote} Survey of 2000 peoples only and who knows how many are undecided???
no matter counts the market reaction to the market are not discussed
  • #432,163
  • Jun 10, 2016 11:32am Jun 10, 2016 11:32am
Quoting Dano12
{quote} no matter counts the market reaction to the market are not discussed
Euro didn't react like GBP! while on brexit Euro zone on the whole suffers!!!!!
  • #432,164
  • Jun 10, 2016 11:39am Jun 10, 2016 11:39am
confirmation thats not a tl without doubt now ,1.5
bullish trend spotters eat their hat
look to the lows ,

Quoting Bones
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp w1 USD (DFB).png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,165
  • Jun 10, 2016 11:42am Jun 10, 2016 11:42am
Quoting Dr.Zain
{quote} Euro didn't react like GBP! while on brexit Euro zone on the whole suffers!!!!!
also reacts but does not like the GBP because it also weakens EUR USD
  • #432,166
  • Jun 10, 2016 12:01pm Jun 10, 2016 12:01pm
Eur Usd ?another uptrend
Attached Image (click to enlarge)
Click to Enlarge Name: 1 eur w1 USD (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,167
  • Jun 10, 2016 12:09pm Jun 10, 2016 12:09pm
What do you think guys of opening small long position for over the weekend? I suspect another poll with high score to stay in EU. I know it's gambling, but it seems worth to play it.
  • #432,168
  • Jun 10, 2016 12:22pm Jun 10, 2016 12:22pm
That's definitely a gamble because the market could open on Sunday and stop out your entire trade. The problem with most people on this site, at least to me, is that I see mostly scalpers, day traders, people looking for less than 100 pips here and there, but not understanding or following the longer trend. If you start on the longer time frame, and then look lower towards the 4 hour and 1 hour time frames, you will understand where the price is moving. In the last few weeks, I've made over 1000 US dollars (10 and 50 cent trades) trading on all GBP pairs. Not a lot for how many pips.....several thousand pips.....but good enough to show short term traders where they err. I reccomend everyone scalping and day trading look at the poosibility of leaving your trades open for several days or longer......swing trading. This is where the majority of the money is in my opinion.
  • #432,169
  • Jun 10, 2016 12:25pm Jun 10, 2016 12:25pm
If anyone wants any advice on swing trading just see my trading journal or message me. Im glad to help anyone who needs help or guidance!
  • #432,170
  • Jun 10, 2016 12:28pm Jun 10, 2016 12:28pm
could look what next gbp aud ,yes to spike up ,yes to =no

Quoting Bones
gaps are always remembered by market ,and form support and res forevermore , with forex biggest difficulty is whats real, with cable these gaps recently ,have to say are real , could well be the entire rally gbp aud was all about that large Boris gap ,with a little overrun ,its how i see chart will move lower time will tell ,ill try to come back to this chart {image}
Attached Image (click to enlarge)
Click to Enlarge Name: w1 gbp AUD (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,171
  • Jun 10, 2016 12:53pm Jun 10, 2016 12:53pm
Quoting andoseg2
Long term view for GBP : {image}
Update : Trade triggered . Looking for covering next week

Attached Image (click to enlarge)
Click to Enlarge Name: ette.png Size: 32 KB
Money moves the market, not an indicator.
  • #432,172
  • Jun 10, 2016 1:09pm Jun 10, 2016 1:09pm
Quoting Ill-b-back
weekly is hard up against it I got to short {image}
worked out well

it's been fun FF
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly2.png Size: 32 KB
Come with me if you want to live....
  • #432,173
  • Jun 10, 2016 1:25pm Jun 10, 2016 1:25pm
Quoting Ill-b-back
{quote} worked out well it's been fun FF {image}
Good choice I'm short on 6 GBP pairs.
  • #432,174
  • Jun 10, 2016 3:36pm Jun 10, 2016 3:36pm


Goldman Sachs Strategy for Brexit :



Goldman Sachs knows what to do with the pound on the Brexit vote

As was the case for all major currencies, Sterling went up in response to the very weak US Jobs report on Friday (June 3), but in relative terms it underperformed. The GBP depreciated vis-a-vis the G-10 currencies (with the exception of the USD), a trend that picked up again about ten days ago, when polls on the upcoming referendum on the UK's membership of the European Union suggested again that the outcome would be a close call.
As we approach the referendum date, positioning around the event remains an important macro theme, and in this FX Views we provide an update on our thinking
http://www.forexfactory.com/attachme...1&d=1465535368

 

  1. After the referendum, if voters decide that the UK should continue to be a member of the European Union, EUR/GBP could move sharply towards our 12-month forecast of 0.70. If there is a vote to leave the EU, we estimate that Sterling could weaken by about 10% in trade-weighted terms due to the uncertainty that such an outcome would create. According to our estimates, EUR/USD could fall by about 4%.
  2. Tactically, over the next couple of weeks (until June 23), we think risk-reward is for downside in Sterling, which in trade-weighted terms is still about 2% above its lows at the end of February.
  3. We prefer GBP/USD downside to EUR/GBP upside. GBP/CHF and EUR/CHF downside are two other risk-off trades that we would expect to perform well in the event of a 'Leave' vote. By contrast, we do not like GBP/JPY downside.



Anyone believe goldman sachs strategy posted on the public domain??
Scoobi Doobi Doo

  • #432,175
  • Jun 10, 2016 6:01pm Jun 10, 2016 6:01pm
#GBPUSD Kudos to those that were short.... I ended up covering half my position @ 1.4232. playing with the houses money..... SL @ 1.4320
will look at my analysis to see if this is the end of the move or if there is more...... either way Great day today!
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #432,176
  • Jun 10, 2016 7:24pm Jun 10, 2016 7:24pm
Quoting skyhok
Short against this 1.4601 top, SL at break of upper channel line, target 1.4210 area. {image}
Target's done.
Elliott Wave for optimum entry, exit and risk management of trades
  • #432,177
  • Jun 10, 2016 10:30pm Jun 10, 2016 10:30pm
Quoting USDollar
#GBPUSD Kudos to those that were short.... I ended up covering half my position @ 1.4232. playing with the houses money..... SL @ 1.4320 will look at my analysis to see if this is the end of the move or if there is more...... either way Great day today! {image}
Really the great day, Pips pelting.
  • #432,178
  • Edited 7:08am Jun 11, 2016 6:43am | Edited 7:08am
Quoting Bones
I'm wondering why you think that ,immigration is secondary problem , {quote}
I don't see immigration as a "problem" per se.

My point was related to the tactics of the Leave campaign changing, in light of losing the economic argument for withdrawing. Their focus has shifted to bringing immigration to the fore and the effects on housing and public services - note the lack of empirical evidence to back any of these alleged effects. Since changing the focus to this issue, though, the polls seem to be shifting in their favour.
  • #432,179
  • Jun 11, 2016 6:51am Jun 11, 2016 6:51am
Quoting Jfx
{quote}The UK can cut better deals independently.
This isn't true. Yes, the UK buys more from the EU than it sells. But the UK relies on the EU for 45% of its exports, whereas the UK is the destination for under 15% of EU exports. Clearly, the EU would have the upper hand in any trade negotiations post-Brexit.

A trading block the size of the EU can dictate better terms on trade deals than the UK can on its own, due to the fact that the EU can offer other countries access to a market of 500 million people.
  • #432,180
  • Edited 12:24pm Jun 11, 2016 10:31am | Edited 12:24pm
Hi
immigration isn't a problem per se ,
ok but sheer numbers are ,open borders with non equal economies ,good reason to come here ,yet completely different cultures
put simply the migration is huge ,and going forward new members will make it worse ,with Turkey threatening to unleash those there on Europe

Theres not the space or infrastructure let alone the cost per head coming though state handouts ,
no way you could trust uk official numbers ,since their own numbers are way under the National Insurance numbers issued


"Official figures published suggested that 257,000 migrants came to Britain last year, with a significant rise in the number of Bulgarians and Romanians.
However over the same period 630,000 EU citizens registered for a national insurance number, which would entitle them to work or claim benefits in Britain."

Anyhow our very sovereignty is already eroded ,and most likely be worse still going on ,I don't think people realise how far thats gone I didn't.
Our right to govern ourselves ,make laws ,elect and fire those in charge
To me thats a forefront even before the twisted unacountable set up that I know the UK would never vote for if thats the party up for election in our own country


Which is the most densely populated country in the EU?
England has become the most overcrowded major country in Europe. Population growth is so rapid that four times as many people will soon be crammed in as Franceand twice as many as Germany. England has overtaken the Netherlands to become second only to tiny Malta as the most densely populated nation in the EU.


Quoting gammase1
{quote} I don't see immigration as a "problem" per se. My point was related to the tactics of the Leave campaign changing, in light of losing the economic argument for withdrawing. Their focus has shifted to bringing immigration to the fore and the effects on housing and public services - note the lack of empirical evidence to back any of these alleged effects. Since changing the focus to this issue, though, the polls seem to be shifting in their favour.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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