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Cable Update (GBPUSD)

  • #433,381
  • Jun 24, 2016 2:35am Jun 24, 2016 2:35am
from recap

above
13750 2 times tagged (and base of the minus development up to 13965) now removed, minus de. only touched for now

from update

below
...while 13550 is tagged now 2 times, so it is weaker
Ubi maior minor cessat
  • #433,382
  • Jun 24, 2016 2:35am Jun 24, 2016 2:35am
Plenty of Central bank action in progress. SNB has also publicly confirmed its actions.

While I certain expect 1.40 , I wont be surprised to even see 1.44 in GBPUSD today
  • #433,383
  • Jun 24, 2016 2:49am Jun 24, 2016 2:49am
UK100 is up now 310 points.
  • #433,384
  • Jun 24, 2016 2:58am Jun 24, 2016 2:58am
Quoting Fader123
{quote} DC from my wife I take it that you did well
Caught the move at 147 ..
Still short - but will re organise for the gap trade later.

If it comes back to 142 then will close and wait till the end of the day

Price broke the barrier as such for the first time since the BUY at 141 700. closed that some time back.

worse case scenario is 500 pips on this move.

Sure you caught some of the move.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-ifcmarkets-corp-2.png Size: 74 KB
  • #433,385
  • Jun 24, 2016 3:03am Jun 24, 2016 3:03am
Any news we should watch out for that might affect the market later then?
  • #433,386
  • Jun 24, 2016 3:10am Jun 24, 2016 3:10am
right

Quoting dean1star
{quote} Caught the move at 147 .. Still short - but will re organise for the gap trade later. If it comes back to 142 then will close and wait till the end of the day Price broke the barrier as such for the first time since the BUY at 141 700. closed that some time back. worse case scenario is 500 pips on this move. Sure you caught some of the move. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,387
  • Jun 24, 2016 3:15am Jun 24, 2016 3:15am
Institutions liquidating positions around 1.38 as mentioned earlier. Should get bounce to 1.4 soon (very certain) and then higher possible too in short term up to 1.44 (perhaps)
  • #433,388
  • Jun 24, 2016 3:16am Jun 24, 2016 3:16am
cool Cameron gone then next =Boris ?

Quoting Bones
Im not political at all ,apathy is high UK ,but certainly its now brought to my attention whats happened ,the vote I'm feeling confident will be leave and Boris will become PM the best man to hammer a future deals {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,389
  • Jun 24, 2016 3:16am Jun 24, 2016 3:16am
Quoting Bones
right {quote}
Sometimes you get Lucky Hey Tony..
Sure you had some too..

Bias being people just seemed fed up with all this Euro stuff and most Brits work from month to month anyways.
How far down the rabbit hole does one go.
  • #433,390
  • Jun 24, 2016 3:21am Jun 24, 2016 3:21am
24/6/16 08:51 BST // BOE'S CARNEY: TO TAKE ALL STEPS NECESSARY TO STABILISE UK
- Banks Are Well Capitalised
24/6/16 08:50 BST // BOE'S CARNEY: EXTENSIVE CONTINGENCY PLANS PUT IN PLACE
- GBP250 Bln Stands Ready In Additional Funds
- All Liquidity Resources To Support Mkt Functioning
24/6/16 08:48 BST // BOE'S CARNEY: WILL NOT HESITATE TO MAKE MEASURES AS REQUIRED
- To Be A Period Of Uncertainty And Adjustment
- No Initial Change In Trade
- Banks Are Resilient
  • #433,391
  • Jun 24, 2016 3:21am Jun 24, 2016 3:21am
Quoting Bones
cool Cameron gone then next =Boris ? {quote}
The future ..
Attached Image (click to enlarge)
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  • #433,392
  • Jun 24, 2016 3:23am Jun 24, 2016 3:23am
the hits to some of these banks like barclay's, yikes.. 30%.. whats that, like a gillian bucks?
  • #433,393
  • Jun 24, 2016 3:24am Jun 24, 2016 3:24am
lol could b ,but come on Boris not as bad

Quoting dean1star
{quote} The future .. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,394
  • Jun 24, 2016 3:32am Jun 24, 2016 3:32am
obviously news going on about the fall ,
but we know it went up 1000 first no way id hold a short ,see the close
or reaction to previous low ,could well close back in
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp USD d1 (DFB).png Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,395
  • Jun 24, 2016 3:40am Jun 24, 2016 3:40am
Quoting dean1star
{quote} Caught the move at 147 .. Still short - but will re organise for the gap trade later. If it comes back to 142 then will close and wait till the end of the day Price broke the barrier as such for the first time since the BUY at 141 700. closed that some time back. worse case scenario is 500 pips on this move. Sure you caught some of the move. {image}
I did well - bit tired from last night

This could lead to other countries asking for a referendum

Onward and upwards
  • #433,396
  • Jun 24, 2016 3:41am Jun 24, 2016 3:41am
After it stops rebounding and then consolidating we'll likely see a protracted move to the downside. I have a long for now, but I will likely close it soon.
  • #433,397
  • Jun 24, 2016 3:44am Jun 24, 2016 3:44am
Quoting Bones
obviously news going on about the fall , but we know it went up 1000 first no way id hold a short ,see the close or reaction to previous low ,could well close back in {image}

I think it would be epic if the market will be saved and wouldn't close on the low of the day.
That way, UKIP can prove again that they where right all along and that everybody was fearmongering.
That proves to other countries like the Netherlands, France, Sweden that it would have little to no impact on their economy to leave the EU.
So yeah, let them not close on the low of the day and see who's next to hold a referendum. :-)
I would definitely use that argument to hold a referendum and not to be afraid against leaving the EU :-)
  • #433,398
  • Jun 24, 2016 3:50am Jun 24, 2016 3:50am
Quoting Lock
from recap above 13750 2 times tagged (and base of the minus development up to 13965) now removed, minus de. only touched for now from update below ...while 13550 is tagged now 2 times, so it is weaker

retraced the minus dev.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 67 KB
Ubi maior minor cessat
  • #433,399
  • Jun 24, 2016 3:59am Jun 24, 2016 3:59am
watching 14370 for bearish reaction
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 34 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 29 KB
Come with me if you want to live....
  • #433,400
  • Jun 24, 2016 4:05am Jun 24, 2016 4:05am
Goodmorning labrats.
So any new millionaires on here today to congratulate?
FREEDOM IS SECURITY.
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