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Cable Update (GBPUSD)

  • #433,161
  • Jun 23, 2016 1:17am Jun 23, 2016 1:17am
Polling stations open and Cable drops half a cent.
  • #433,162
  • Jun 23, 2016 1:20am Jun 23, 2016 1:20am
Quoting user954
A portfolio of long gold, long EURGBP and short GBPUSD is how im positioned right now to play the Brexit vote. Lets see how it plays out
</p>I am also short on gbp/usd with sl: 1.4900 & tp: 1.4300
  • #433,163
  • Jun 23, 2016 1:24am Jun 23, 2016 1:24am
the referendum has already started. There will be no exit polls, only a quasi exit poll in the form of an internet based YouGov survey
Here is a summary of the final polls relseased overnight.
YouGov: current (online poll)
Remain 51%
Leave 49%
Member
  • #433,164
  • Jun 23, 2016 1:33am Jun 23, 2016 1:33am
Quoting user954
Whether Brexit happens or not , short GBPUSD here at 1.48 will pay well over the next 2 weeks with stop 1.53
BREXIT is NOT GONNA HAPPEN FOR SURE, It was nothing but just the HYPE with an intention of making rich more richer.

Also, I am expecting a better price to short, it should pass 1.48 easily.
Losers Hope, Winners Believe
  • #433,165
  • Edited 1:59am Jun 23, 2016 1:33am | Edited 1:59am
Current situation visual update when we are less then 30 min before GB open.

Possible "close" targets:

above

  1. 14800 round number

below

  1. 14700 RN Sydney opens 2 pips above it.
  2. 146405 pit session low back to back gb low


Possible "far" targets(as yesterday still active):

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)

below

  1. 145800 (06.20) GB TAG of a previous GB reference and pit session tag of the same level
  2. 14492-14495 old multi pass pit GAP (very very interesting for upcoming pit sessions)
  3. 14310-14559 last huge GB gap up (with special attention to the multi pass at 14310-14393)


Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 121 KB


And a bigger perspective. Legend: dotted line are past H4 highs, while continued lines are days, then bigger ones weeks and so on.

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 42 KB
Ubi maior minor cessat
  • #433,166
  • Jun 23, 2016 1:42am Jun 23, 2016 1:42am
In the meantime, USDJPY just dropped 50 pips in a minute. I guess testings have begun to see if Central banks are ready to intervene in case.
  • #433,167
  • Jun 23, 2016 1:52am Jun 23, 2016 1:52am
Quoting JimmyC
GU Daily {image} Resistance: @1.478xx remains key and intact. Pattern: Apparent channel up. Candles: Difficult but the top of the doji (prior to today's candle) sets resistance (northern doji may indicate the end of the trend nearing). Were today's candle to close as is it would be an inside day (and may well remain so). Trends: This is sideways up for now but price trades above the 200 day SMA, Technical uptrend. Key feature: This chart says the market is mostly fearful of Brexit. Event risk: Severe Although we are well aware of the news, the repeat...
And there's the short signal, lateral resistance held....

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-06-23 at 8.50.17 AM.png Size: 85 KB
  • #433,168
  • Jun 23, 2016 2:04am Jun 23, 2016 2:04am
Quoting RBlackburn
Targeting 1.4566 Today only - will close before brexit {image}
Stops moved to break even +6
Target is still the same for now..
Attached Image (click to enlarge)
Click to Enlarge Name: 6.png Size: 1.3 MB
  • #433,169
  • Jun 23, 2016 2:07am Jun 23, 2016 2:07am
GB open with a gap higher. If gap is confirmed we could go with it. up to "close" refs above.

If retraced then we will be back in to yes range. Then in that case a possible target is the opposite side of that bal.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 78 KB
Ubi maior minor cessat
  • #433,170
  • Jun 23, 2016 2:12am Jun 23, 2016 2:12am
Quoting user954
Whether Brexit happens or not , short GBPUSD here at 1.48 will pay well over the next 2 weeks with stop 1.53
Likewise especially with the eur gbp
  • #433,171
  • Jun 23, 2016 2:55am Jun 23, 2016 2:55am
staying out for now but prepared for a spike
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 26 KB
Click to Enlarge Name: GBPUSDDaily1.png Size: 31 KB
Come with me if you want to live....
  • #433,172
  • Edited 3:14am Jun 23, 2016 2:59am | Edited 3:14am
Please note First M30 period went up above previous 2 days GB balance (14783) and went down again. Price is now up and down open. Just above gap. And now we have a poor low supported by gap. Very risky situation.

Positions opened on the chart are demo money. And the 2 pos above (longs) are only testing of the account. I'll close them as soon as I 'll be up.
The "real" one is the first one on the down.(long) Structural SL in the gap. "Low" risk.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 117 KB
Ubi maior minor cessat
  • #433,173
  • Jun 23, 2016 3:15am Jun 23, 2016 3:15am
So basically if the vote is to exit the EU, we're gonna see like 1000+ pip drop in a single day from GU. I'm down with that. Lets hope for that scenario so we all could become rich in a single day. Otherwise, if the vote is to remain in EU, which is what the market seem to be predicting, then we'd see a very boring spike up of a few hundred pips and then boring consolidation next few days. I'm really hoping for an exit vote to rattle the market create lots of volatility in the currency market.
I wanna be a billionaire so freaking bad!
  • #433,174
  • Jun 23, 2016 3:16am Jun 23, 2016 3:16am
hahahahaaha my broker diasabled GBP pairs trade
  • #433,175
  • Jun 23, 2016 3:22am Jun 23, 2016 3:22am
second test above 2 days gb balance (14783) failed. More risk to the down. Watch out.
Ubi maior minor cessat
  • #433,176
  • Jun 23, 2016 3:33am Jun 23, 2016 3:33am
Still tagging 2 days gb balance high. 14783 (this is the third time and now it's a very weak ref)
Ubi maior minor cessat
  • #433,177
  • Jun 23, 2016 3:42am Jun 23, 2016 3:42am
14768 is weak as GB half back
Ubi maior minor cessat
  • #433,178
  • Jun 23, 2016 3:44am Jun 23, 2016 3:44am
1st 4hr close in Asia above previous high
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 33 KB
Come with me if you want to live....
  • #433,179
  • Jun 23, 2016 3:44am Jun 23, 2016 3:44am
Quoting Lock
14768 is weak as GB half back
taken out
Ubi maior minor cessat
  • #433,180
  • Edited 3:58am Jun 23, 2016 3:54am | Edited 3:58am
current situation, visual update (sorry for the edit)


Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 95 KB
Ubi maior minor cessat
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