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Cable Update (GBPUSD)

  • #433,101
  • Jun 22, 2016 9:00am Jun 22, 2016 9:00am
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Ubi maior minor cessat
  • #433,102
  • Jun 22, 2016 9:02am Jun 22, 2016 9:02am
a recap of above targets (watch out! very fast move, a lot of single pips below!)

above

 

  1. 146955 yes pit(06.21) tagged day before pit unchanged(the close of the day before 06.20)[taken out]
  2. 147455 yes preUS poor high (edit!) [taken out]
  3. 2 old pit minus development 14754-14783 / 14787-14796 [we are inside the first one]
  4. 148155 (2016 GB high)



far above

  1. old GB high 148415 (2015.12.30) back to back with old GB poor high 14844 (2015.12.31)
  2. old multi pass pit gap 148485-148535 (very interesting for pit sessions)



I forgot 14730 (current preUS high) is 1 pip above yes GB unch. see post before. [taken out]

Ubi maior minor cessat
  • #433,103
  • Jun 22, 2016 9:06am Jun 22, 2016 9:06am
Think a lot of people - think that Remain have it in the bag

Trust me - it would not be rallying like this if they didn't

Need to concentrate on trading missed the top of the spike
  • #433,104
  • Jun 22, 2016 9:07am Jun 22, 2016 9:07am
I've closed my longs at 1.4770, still think there is potential for 1.48 but that is being greedy!
  • #433,105
  • Jun 22, 2016 9:10am Jun 22, 2016 9:10am
Quoting Fader123
Think a lot of people - think that Remain have it in the bag Trust me - it would not be rallying like this if they didn't Need to concentrate on trading missed the top of the spike
Interesting article about the bookies.

http://www.forexfactory.com/news.php?do=news&id=595960
  • #433,106
  • Jun 22, 2016 9:10am Jun 22, 2016 9:10am
Quoting el_duende
I've closed my longs at 1.4770, still think there is potential for 1.48 but that is being greedy!

Well done - going to be a good day tomorrow
  • #433,107
  • Jun 22, 2016 9:29am Jun 22, 2016 9:29am
60 pip reversal in short time, I have re-entered a long entry @ 1.4720. Short stop see if there is a push to 1.48.
  • #433,108
  • Edited 9:56am Jun 22, 2016 9:31am | Edited 9:56am
Quoting Lock
... (watch out! very fast move, a lot of single pips below!)... .
and as you see it's all retraced. (note that now there are a lot of single pips above! So still watch out!)

Attached Image (click to enlarge)
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Ubi maior minor cessat
  • #433,109
  • Jun 22, 2016 10:22am Jun 22, 2016 10:22am
Quoting falconz13
{quote} Congrats !! lots of pips xD Still waiting for 1.5?
you know anything can happen in these hours - would take 149
ok 148 and its thank you Brexit..
  • #433,110
  • Jun 22, 2016 10:24am Jun 22, 2016 10:24am
Quoting Fader123
{quote} Hi dean1star If they vote out - I can't blame them- pressure on school places, NHS waiting lists, and I have heard some terrible stories about the EU It does feel like cutting your nose off to spite your face though (loss of jobs, recession, pound dumping) Lots of large companies have told their staff to vote for Remain, smaller companies that deal with the EU will vote in, manufacturing and car companies will vote in Old people will vote out, young people - 50/50 (jobs, housing issues) True about most people hating the government and big...
Likewise going to choose some moments around the open and close of the 4 hour candle.
  • #433,111
  • Jun 22, 2016 10:42am Jun 22, 2016 10:42am
interesting how they calculate these odds ,its skewed to the size of bets rather than numbers of participants ,which is why they don't match the country 50/50

http://www.zerohedge.com/news/2016-0...it-bookie-odds

Quoting gammase1
The below chart shows how IG Group are pricing the risk of Brexit. Following yesterday's news, the odds of the UK remaining within the EU have jumped to 67%. This is pretty much in line with bookmakers offering odds on the outcome. Interestingly, even when Leave have taken a lead in the opinion polls, the bookmakers, including IG Group, have alwas favoured a Remain outcome, pricing the odds of remaining above 55%. I guess this is anomaly is based on the assumption that, from using previous referendums as case studies, undecided voters are generally...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,112
  • Jun 22, 2016 10:47am Jun 22, 2016 10:47am
Another one of those polls released showing leave ahead causing a spike. I wonder how many more polls are still to come

The way its going I may make my own poll up and put it on facebook, sure way of making 50 pips with the current market
  • #433,113
  • Jun 22, 2016 10:48am Jun 22, 2016 10:48am
Quoting dean1star
{quote} you know anything can happen in these hours - would take 149 ok 148 and its thank you Brexit..
1.49 sounds reasonable but I not taking that risk xD
  • #433,114
  • Jun 22, 2016 10:52am Jun 22, 2016 10:52am
Shorted GBP at 1.4710 . Brexit or no Brexit the financial situation of the UK is far from good . Plenty of debt .

Even with a remain UK will have to solve its own financial problems .
  • #433,115
  • Jun 22, 2016 10:53am Jun 22, 2016 10:53am
now it's look like London is going to close some pips above yesterday (146655)
Ubi maior minor cessat
  • #433,116
  • Jun 22, 2016 11:03am Jun 22, 2016 11:03am
Quoting Luther
{quote} London closed half an hour ago.

Could you explain please?

Attached Image
Ubi maior minor cessat
  • #433,117
  • Jun 22, 2016 11:08am Jun 22, 2016 11:08am
Normal trading sessions on the main orderbook (SETS) are from 08:00 to 16:30 local time every day of the week except Saturdays, Sundays and holidays declared by the exchange in advance. The detailed schedule is as follows:

  1. Trade reporting 07:15–07:50
  2. Opening auction 07:50–08:00
  3. Continuous trading 08:00–16:30
  4. Closing auction 16:30–16:35
  5. Order maintenance 16:35–17:00
  6. Trade reporting only 17:00–17:15

  • #433,118
  • Jun 22, 2016 11:13am Jun 22, 2016 11:13am
Quoting Luther
{quote} Don't follow that. London closes at 4:30PM GMT + 1.
Fine: you're speaking of stock exchange. Thanks for the clarification.
Ubi maior minor cessat
  • #433,119
  • Jun 22, 2016 11:22am Jun 22, 2016 11:22am
now, closed all my shorts. Very bad execution the first one. Too tired to stay in. And I do not know if can go more down than this for today. (although it's one timeframing down currently)

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Last visual recap. Have a nice evening everyone

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Ubi maior minor cessat
  • #433,120
  • Jun 22, 2016 11:49am Jun 22, 2016 11:49am
http://www.express.co.uk/news/politi...-reform-Remain

Thats big news. EU telling UK PM what he can and cant do. No more negotiaton for Britain if we stay in the EU!

That may sway some more voters to go leave.
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