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Cable Update (GBPUSD)

  • #432,601
  • Jun 17, 2016 4:05am Jun 17, 2016 4:05am
Quoting gammase1
According to my searches, the next scheduled analysis on Brexit is due for release by Opinium over the weekend, in Sunday's Observer. It will be a very subdued day on the campaign front. So far, 1.4300 is attracting sellers, following the short squeeze following yesterday's news.
What was yesterdays news?
Don't Leave Money on the Table
  • #432,602
  • Jun 17, 2016 4:06am Jun 17, 2016 4:06am
Quoting HaLBot
{quote} What was yesterdays news?
The death of Jo Cox.
  • #432,603
  • Jun 17, 2016 4:07am Jun 17, 2016 4:07am
Quoting gammase1
{quote} The death of Jo Cox.
OK thanks...
Don't Leave Money on the Table
  • #432,604
  • Jun 17, 2016 4:10am Jun 17, 2016 4:10am
I got message from HF Markets, They are going to change max leverage to 1:25 until BEXIT, So I cannot able to put trades, any other brokers doing this kind of thing
Failure is not failure if you learn from it...
  • #432,605
  • Jun 17, 2016 4:26am Jun 17, 2016 4:26am
Quoting suneth2
I got message from HF Markets, They are going to change max leverage to 1:25 until BEXIT, So I cannot able to put trades, any other brokers doing this kind of thing
There's a lot of brokers changing leverage and margin requirements pre Brexit, maybe they are all going to do it.
Don't Leave Money on the Table
  • #432,606
  • Jun 17, 2016 4:30am Jun 17, 2016 4:30am
Quoting gammase1
According to my searches, the next scheduled analysis on Brexit is due for release by Opinium over the weekend, in Sunday's Observer. It will be a very subdued day on the campaign front. So far, 1.4300 is attracting sellers, following the short squeeze following yesterday's news, though the pair is still well bid and a move higher looks the likely path today.
On a happier note there was speculation UK traders were all watching England V Wales and didn't start buying pound until game had finished....LOL
Don't Leave Money on the Table
  • #432,607
  • Jun 17, 2016 4:35am Jun 17, 2016 4:35am
So we tested above overnight high. We came back in and we start that move exactly from multipass gap top(14284) SL right above Overnight high. Let's see if it works down. Monitor for continuation and considering the huge volatility...
Attached Image (click to enlarge)
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Ubi maior minor cessat
  • #432,608
  • Jun 17, 2016 4:35am Jun 17, 2016 4:35am
Quoting Lock
Now is above overnight high. Let's see if there is confirmation above or it comes back in.
bro again down.. when you get confirmation please tell here..
  • #432,609
  • Jun 17, 2016 4:37am Jun 17, 2016 4:37am
Quoting HaLBot
{quote} On a happier note there was speculation UK traders were all watching England V Wales and didn't start buying pound until game had finished....LOL
And on an even happier note, England won.
  • #432,610
  • Jun 17, 2016 4:40am Jun 17, 2016 4:40am
As said direction is toward natural targets at 14200 and the base of the multipass gap at 14205. But I suggest to scale down during advance...
Ubi maior minor cessat
  • #432,611
  • Jun 17, 2016 4:41am Jun 17, 2016 4:41am
We are at the daily hb so is weak 14253. This doesn't mean it could not resist, it means it is not a stron sup.
Ubi maior minor cessat
  • #432,612
  • Jun 17, 2016 4:44am Jun 17, 2016 4:44am
Quoting JackyBD
{quote} bro again down.. when you get confirmation please tell here..
Confirmation came already when it went down twice and I made the short
Ubi maior minor cessat
  • #432,613
  • Jun 17, 2016 4:53am Jun 17, 2016 4:53am
Consider that we are trading against gap. Like yesterday. And this is unusual for a trend. It works if we are in balance... And it should be fast. Otherwise there is no shame in close a pos if it doesn't convice you or you are not confortable with the overall situation.
Ubi maior minor cessat
  • #432,614
  • Jun 17, 2016 4:54am Jun 17, 2016 4:54am
Quoting HaLBot
{quote} There's a lot of brokers changing leverage and margin requirements pre Brexit, maybe they are all going to do it.
Oh I have only $300 on equity ,my current leverage is 1:500, if i keep opened one order with lot 0.1, When they reduce leverage to 1:25 will that order stop out ?
Failure is not failure if you learn from it...
  • #432,615
  • Jun 17, 2016 4:59am Jun 17, 2016 4:59am
Quoting suneth2
{quote} Oh I have only $300 on equity ,my current leverage is 1:500, if i keep opened one order with lot 0.1, When they reduce leverage to 1:25 will that order stop out ?
With $300 you won't be able to trade 0.1 lot at 1:25 leverage. You need over $400 in order to trade it.
  • #432,616
  • Jun 17, 2016 5:01am Jun 17, 2016 5:01am
Quoting Lock
We are at the daily hb so is weak 14253. This doesn't mean it could not resist, it means it is not a stron sup.
taken out
Ubi maior minor cessat
  • #432,617
  • Jun 17, 2016 5:02am Jun 17, 2016 5:02am
14239 is GB open so is weak
Ubi maior minor cessat
  • #432,618
  • Jun 17, 2016 5:03am Jun 17, 2016 5:03am
I have reconsidered my analysis on pair after losing some pips...

Closed long opened short at 1.4300...:nerd:
Attached Image (click to enlarge)
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There's no harm in being smtm wrong especially if one is promptly found out
  • #432,619
  • Jun 17, 2016 5:03am Jun 17, 2016 5:03am
Quoting viorel_br
{quote} With $300 you won't be able to trade 0.1 lot at 1:25 leverage. You need over $400 in order to trade it.
Thanks
Failure is not failure if you learn from it...
  • #432,620
  • Jun 17, 2016 5:04am Jun 17, 2016 5:04am
scaling out some anyway..
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 6 KB
Ubi maior minor cessat
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