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Cable Update (GBPUSD)

  • #432,221
  • Jun 12, 2016 5:55pm Jun 12, 2016 5:55pm
Quoting Bones
I can't believe the more educated you are the more you'd want to stay ,maybe the higher educated often are not the most practical The Strasbourg building doesn't makes sense it wouldn't happen in the real world ,all costly artifical support . We are a net contributor to the EU ,going up and up as the monster grows we send money then they choose what the the rebate is spent on in UK ,subsidies to farmers for instance ,which our government doesn't support ,again it wouldn't happen It all goes back to free trade for the vote stay , this open...
There aren't any strings attached to how the UK rebate from the EU (£5bn in 2015) is spent - this money never leaves the UK.

The UK also gets an estimated £1.5bn paid to the private sector (mostly in the form of research grants) from the EU.

There are, however, restrictions on how the EU transfer to the UK public sector is spent. These payments amounted to £4.5bn in 2015 and goes to, as you point out, farming subsidies and development aid for the poorer areas of the UK.
  • #432,222
  • Jun 12, 2016 6:15pm Jun 12, 2016 6:15pm
Quoting gammase1
{quote} There was a YouGov survey which showed a correlation between education and likelihood of voting for Remain, in that persons educated to degree level were 64/36 in favour of remain, whereas not university educated were 41/59 (so in favour of an exit). This survey also showed a positive correlation between "class" and wanting to remain, with ABC1 (lower to upper middle class) split 59/41 in favour of remaining and C2DE (working class and unemployed) split 62/38 in favour of leaving.
Could you please explain what this shows ?
  • #432,223
  • Jun 12, 2016 6:31pm Jun 12, 2016 6:31pm
Quoting Don96
{quote} Could you please explain what this shows ?
Hi,
It was in relation to a discussion with Bones, where we touched on groups most likely to vote for Brexit. I wasn't drawing any deeper conclusions than my opinion that working class people (generally those more inclined to favour Brexit) would be worse off if it occurred and Boris Johnson became PM.
  • #432,224
  • Jun 12, 2016 8:08pm Jun 12, 2016 8:08pm
Bottoming towards 1.4120 area & setup longs from there.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 13Jun16.png Size: 35 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #432,225
  • Jun 12, 2016 8:16pm Jun 12, 2016 8:16pm
Quoting pressok
- reject 200ema (3 times) - macd divergence - trendline break {image}
still running downtrend from reentry fibo rejection area ( 50%)
  • #432,226
  • Jun 12, 2016 8:31pm Jun 12, 2016 8:31pm
Ok ,some is handled by EU coming back ,membership costs more every year we know how to read a trend right ,looks a bit like Gold few years back
only weaker countries can join going on ,cost goes up ,immigration goes up,
why are weaker countries being encouraged to join ,the mis match in economies/cultures is a problem itself
go back to original set up it was to be
it made more sense equal countries same cultures pretty much,it was all about trade then
Probably cause EU must grow to survive,the secretaries now need secretaries to print all them new laws we can't argue



Quoting gammase1
{quote} There aren't any strings attached to how the UK rebate from the EU (5bn in 2015) is spent - this money never leaves the UK. The UK also gets an estimated 1.5bn paid to the private sector (mostly in the form of research grants) from the EU. There are, however, restrictions on how the EU transfer to the UK public sector is spent. These payments amounted to 4.5bn in 2015 and goes to, as you point out, farming subsidies and development aid for the poorer areas of the UK.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: how brightons eu bill doubled.jpg Size: 66 KB
Click to Enlarge Name: UKsEUMembership-graph.png Size: 88 KB
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,227
  • Jun 13, 2016 12:01am Jun 13, 2016 12:01am
Hi Guys,
technical levels for cable today? if another bullshit poll don't com
i lost all my the money i had in account on Friday
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #432,228
  • Jun 13, 2016 12:26am Jun 13, 2016 12:26am
Quoting Tpak
Hi Guys, technical levels for cable today? if another bullshit poll don't com i lost all my the money i had in account on Friday
Hey Tpak sorry to hear that M8, I'm not perfect at this and screw occasionally myself and go backwards but remember 'Protect your Equity' like it's your life!!!
Aside from all the things you learn to be a competent trader the one thing you need above all else live trading is money. No money, no live trading. I might be stating the obvious but earlier this year I was going backwards pretty badly and suddenly it dawned on me, no money, no trading. It forced me to change the trading style and to protect the equity a lot better. Since then in two months I've increased the live account by 315% and could have been more if not for the occasional brain fade.....
Don't Leave Money on the Table
  • #432,229
  • Jun 13, 2016 1:00am Jun 13, 2016 1:00am
Quoting Tpak
Hi Guys, technical levels for cable today? if another bullshit poll don't com i lost all my the money i had in account on Friday
stop trading gbp and eur pairs till the dust of brexit settles. with such volatile times, minor s&r are quite redundant. reflect on your loss and rethink your strategy.
  • #432,230
  • Jun 13, 2016 1:06am Jun 13, 2016 1:06am
Quoting HaLBot
{quote} Hey Tpak sorry to hear that M8, I'm not perfect at this and screw occasionally myself and go backwards but remember 'Protect your Equity' like it's your life!!! Aside from all the things you learn to be a competent trader the one thing you need above all else live trading is money. No money, no live trading. I might be stating the obvious but earlier this year I was going backwards pretty badly and suddenly it dawned on me, no money, no trading. It forced me to change the trading style and to protect the equity a lot better. Since then in...
you are absolutely right, no money , no live trading , but it happens to me that brain goes hedged and i am unable at times to cut my losers at earlier point and carry my winners to further possible points. nice to know that you overcame the problem and have increased your money, now i shall also try to follow the rules as you said. technically my 80-85% trades go in my direction but my decision power is still weak as i have started trading almost half year back. i shall try to improve this aspect as well
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #432,231
  • Jun 13, 2016 1:07am Jun 13, 2016 1:07am
I hedged my floating loss and hope that the price will come back up to the 1.44 region in a couple of days.
50% right - 50% wrong
  • #432,232
  • Jun 13, 2016 1:15am Jun 13, 2016 1:15am
Quoting Bicarus
{quote} stop trading gbp and eur pairs till the dust of brexit settles. with such volatile times, minor s&r are quite redundant. reflect on your loss and rethink your strategy.
thanks mate , will try to avoid
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #432,233
  • Jun 13, 2016 1:48am Jun 13, 2016 1:48am
Quoting Bones
Ok ,some is handled by EU coming back ,membership costs more every year we know how to read a trend right ,looks a bit like Gold few years back only weaker countries can join going on ,cost goes up ,immigration goes up, why are weaker countries being encouraged to join ,the mis match in economies/cultures is a problem itself go back to original set up it was to be it made more sense equal countries same cultures pretty much,it was all about trade then Probably cause EU must grow to survive,the secretaries now need secretaries to print all them...
In 2015, the UK's net contribution to the EU was roughly £8.5bn, which equates to just over 1% of total government spending (the UK government spent close to £775bn in 2015). For this we get full, tariff-free access to the single market. See below clip from an expert on international trade flows, which highlights the realities of the UK securing trade deals unilaterally.

There is some waste in the EU, as in any bureaucracy, but 94% of the EU budget goes directly to citizens, regions, cities, farmers and businesses. Around 3% goes on administration and a similar percentage on salaries.

I think it is a good thing having poorer countries join the EU, providing more stability and peace in those places, as well as providing assistance for their economic development. This economic re-balancing will mean increased trade flows in years to come, as their economies mature.

Inserted Video
  • #432,234
  • Jun 13, 2016 2:20am Jun 13, 2016 2:20am
Quoting Tpak
{quote} thanks mate , will try to avoid
sorry about that, in trading we lose and win but Tpak is it possible to add your Trade Explorers so we/I can look at your trades and give you advise base on what I had learned in the market and on FF
  • #432,235
  • Jun 13, 2016 2:23am Jun 13, 2016 2:23am
I see a break over 1.4230 as a buy zone

I see everywhere as a sell zone.....
Don't Leave Money on the Table
  • #432,236
  • Jun 13, 2016 2:25am Jun 13, 2016 2:25am
Hello Guys,

Yes, we need to stop trading the GBP and EUR pairs. All brokers are increasing their margin requirements and increasing their spreads this week at some point for a next week. Watch out.

Thanks.
  • #432,237
  • Jun 13, 2016 2:30am Jun 13, 2016 2:30am
Quoting HaLBot
I see a break over 1.4230 as a buy zone I see everywhere as a sell zone.....
already in the market @1.4193
  • #432,238
  • Jun 13, 2016 2:57am Jun 13, 2016 2:57am
Quoting adetola99
{quote} already in the market @1.4193
out of market with a loss of 11 pips
  • #432,239
  • Jun 13, 2016 3:16am Jun 13, 2016 3:16am
between now and 23rd prices going to touch south of 1.3xxx and north of 1.5xxx.......so many stop losses will be hit, careful guys
  • #432,240
  • Jun 13, 2016 4:30am Jun 13, 2016 4:30am
Quoting amoc
between now and 23rd prices going to touch south of 1.3xxx and north of 1.5xxx.......so many stop losses will be hit, careful guys
Doubt it will hit 1.5XXXX, but maybe 1.3XXXX. Votes are to clear in favor of Brexit now and this thing has to fall like a rock from here as GBP gets devalued, preparing their EU exit which will heavily hurt the UK if EU, as they announced (France and Germany did), will break all relationships they had with them in terms of exports.
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