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Cable Update (GBPUSD)

  • #433,241
  • Jun 23, 2016 6:30pm Jun 23, 2016 6:30pm
Quoting Spartanholds
{quote} On Monday I had mentioned it would close in 3 to 5 days..today is day 4 if you include Monday otherwise it is day 3.
hmmm ya regretfully I tried to trade that 'close the gap' a few times this week just not now. Always got stopped by that trendline.
  • #433,242
  • Jun 23, 2016 6:36pm Jun 23, 2016 6:36pm
Quoting mades
Maybe the outer boundaries are set now? The range is 750 pips.
Can you expound on how you get that ... chart or otherwise
  • #433,243
  • Jun 23, 2016 6:38pm Jun 23, 2016 6:38pm
Quoting Jfx
{quote} LOL... that was big! I haven't expected Leave to win after Jo Cox was murdered, but it could be closer than people initially thought. This was reported earlier in the US. I don't believe it on face value, but it would be funny if they're right. https://www.superstation95.com/index.php/world/1515 Exit polls being conducted by AMERICAN pollsters operating in Britain, show those voting for Britain to LEAVE the European Union (EU) are leading by a landslide in today's referendum. Weather has played a part in the turnout so far today;...
To be honest; what that says makes sense ... waterloo and the SE trainline was bleeped today. It took me and extra hour each way and I dont live that far. People that lived further wouldnt make it to the polls in time.
  • #433,244
  • Jun 23, 2016 6:43pm Jun 23, 2016 6:43pm
I am have never ever made so many pips
  • #433,245
  • Jun 23, 2016 6:45pm Jun 23, 2016 6:45pm
Low liquidity + fat fingers from the big boys and we get +600 pip spikes, very nice indeed. Market has just realized that it may not be such a smooth ride after all. I think even Deutsche Börse chief won't sleep so easy as he thought tonight. He might just got a wake up call
  • #433,246
  • Jun 23, 2016 6:46pm Jun 23, 2016 6:46pm
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

Closed a few trades profitably. Leave is going to win as per our analysis.
  • #433,247
  • Jun 23, 2016 6:50pm Jun 23, 2016 6:50pm
Quoting user954
{quote} Closed a few trades profitably. Leave is going to win as per our analysis.
​It's way to soon to call it a day. Only Sunderland is red by now.
  • #433,248
  • Jun 23, 2016 6:52pm Jun 23, 2016 6:52pm
Gaps do close in forexland!!
  • #433,249
  • Jun 23, 2016 6:53pm Jun 23, 2016 6:53pm
Quoting Tom81
{quote} ​It's way to soon to call it a day. Only Sunderland is red by now.
Yeah, bigwig London will vote overwhelmingly to remain.
Enter Signature
  • #433,250
  • Jun 23, 2016 7:00pm Jun 23, 2016 7:00pm
Quoting san99
{quote} Yeah, bigwig London will vote overwhelmingly to remain.
Broxbourne and Swindon have fallen too. I hope they are not indicative for other south regions.
  • #433,251
  • Jun 23, 2016 7:01pm Jun 23, 2016 7:01pm
Quoting Tom81
{quote} Broxbourne and Swindon have fallen too. I hope they are not indicative for other south regions.
Lower turnout than expected being reported in London, due to weather and travel delays. This is bad news for Remain.
  • #433,252
  • Jun 23, 2016 7:09pm Jun 23, 2016 7:09pm
Quoting djxput
{quote} hmmm ya regretfully I tried to trade that 'close the gap' a few times this week just not now. Always got stopped by that trendline.
There is a 14 point price gap created here at 1.4990 to 1.5004.
Sorry about your stop outs, but entry is everything. 1.5004 was the balance point void that needed to trade from the 2015 Equilibrium that was void...it took 2 months of BS to direct it....lol
I may not be right...BUT, I am never wrong
  • #433,253
  • Jun 23, 2016 7:18pm Jun 23, 2016 7:18pm
11 of 382 reported as of now. Leave lead by 6818
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  • #433,254
  • Jun 23, 2016 7:27pm Jun 23, 2016 7:27pm
If leave camp gains significant statistical advantage trading desks of big boys will come to play and pound could lose ground. Then combined central banks effort will come into the game trying to stabilize the fall. If they succeed, everything is gonna be alright, if not, heavy risk aversion across the markets will kick in. Very interesting
and dangerous times indeed.

S&P 500 already erased most of its' yesterday's gains. This could get ugly.
  • #433,255
  • Jun 23, 2016 7:35pm Jun 23, 2016 7:35pm
GBP is generally mad but this..... this is next level. Happy I'm not a part of it. SOOOOOOOOOOOO much fun to watch.
Remember, WHY you are doing this...
  • #433,256
  • Jun 23, 2016 7:44pm Jun 23, 2016 7:44pm
Leave tracking far better than polls suggested.

Our analysis is a leave victory. That does not mean that pound will crash. We expect the BoE to support it at 1.38. Expecting S&P will trade to 2020 at least
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  • #433,257
  • Jun 23, 2016 7:44pm Jun 23, 2016 7:44pm
Quoting SitNsy2BClv
GBP is generally mad but this..... this is next level. Happy I'm not a part of it. SOOOOOOOOOOOO much fun to watch.
​I'm not happy at all with Brexit camp leading. This could trigger systemic risk aversion. Most investment banks have calculated cca. 50 % possibility of major financial crisis if Brexit occurs. Markets have not calculated Brexit into prices yet. A lot of deleveraging, closing carry trades and running into safe havens will take place if Brits choose to leave EU.
  • #433,258
  • Jun 23, 2016 7:54pm Jun 23, 2016 7:54pm
Quoting Tom81
{quote} ​I'm not happy at all with Brexit camp leading. This could trigger systemic risk aversion. Most investment banks have calculated cca. 50 % possibility of major financial crisis if Brexit occurs. Markets have not calculated Brexit into prices yet. A lot of deleveraging, closing carry trades and running into safe havens will take place if Brits choose to leave EU.
A Brexit would be quite bad, yes. I certainly do not want that. I am not in any GBP pairs right now and it is entertaining to watch. I honestly do not believe that there will be a Brexit when the dust settles. I have been stating that for about a week now. I took profit last weekend and throughout this week. I got out of anything GBP related this morning b/c I imagined something akin to the last few hours. Not quite 1300 pips on the GBP/JPY, 800 on the GBP/USD, etc, but something insane. So, I'll watch. Congrats to all who make money.
Remember, WHY you are doing this...
  • #433,259
  • Jun 23, 2016 7:59pm Jun 23, 2016 7:59pm
Quoting Jfx
{quote} It's still too early to say. Scotland, a large voting block is heavily favored for Remain. London estimated to vote heavily Remain too (80%), so the gap can close.

Not too early to say -- our models and what we are also hearing from other desks too is that Leave will win (odds now over 75%)
  • #433,260
  • Jun 23, 2016 8:01pm Jun 23, 2016 8:01pm
Quoting Jfx
{quote} It's still too early to say. Scotland, a large voting block, is heavily favored for Remain. London estimated to vote heavily Remain too (80%), so the gap can close.
london already counted?

 

  1. 01:54 City of London votes to REMAIN


I think we will see a catastrophe friday + hell monday.

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