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Cable Update (GBPUSD)

  • #433,461
  • Edited 6:00pm Jun 24, 2016 5:10pm | Edited 6:00pm
Now Scotland want another referendum for their own independence. Could have better luck 2nd time around considering the UKs' own precedence.
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  • #433,462
  • Jun 24, 2016 5:11pm Jun 24, 2016 5:11pm
Quoting elbert3
good evening all gap needs to close keep it tight on any profits for me could be a big spike coming
Well there you go I had the gap trade plus to 1.4250 who would of thought it . Somebody has made a fortune . Now how to lay the game ? Will it be gap down on Sunday if so I would be long big time to 1.51 gal to all regards as ever E
  • #433,463
  • Jun 24, 2016 5:14pm Jun 24, 2016 5:14pm
Quoting elbert3
{quote} Well there you go I had the gap trade plus to 1.4250 who would of thought it . Somebody has made a fortune . Now how to lay the game ? Will it be gap down on Sunday if so I would be long big time to 1.51 gal to all regards as ever E
Cool, you are rich now mate
Fix up, trade sharp ...
  • #433,464
  • Jun 24, 2016 6:14pm Jun 24, 2016 6:14pm
Quoting Bones
you have to say who drove that up above range,on poll of polls showing 50-50 , not normally conspiracy theorist, could reinforce the concept stay is good before or maybe intervention prior is better than trying on the day lots high ranking EU ,UK jobs on line most of it s fall within range Don't think anyone could say just yet this is hugely bearish ,no stopping down,bearing in mind where we are on chart gauge true picture from month close {quote} {image} {image} {image}
When life gives you lemons, make lemonade
  • #433,465
  • Jun 24, 2016 7:13pm Jun 24, 2016 7:13pm
Quoting elbert3
{quote} Well there you go I had the gap trade plus to 1.4250 who would of thought it . Somebody has made a fortune . Now how to lay the game ? Will it be gap down on Sunday if so I would be long big time to 1.51 gal to all regards as ever E
keeping the focus on Boris could be all the excuse this pair needs to do just that
Come with me if you want to live....
  • #433,466
  • Jun 24, 2016 8:02pm Jun 24, 2016 8:02pm
Quoting gnomoneey
{quote} I think and know that I will right as always. So I say big drop in gu this coming week and so on. {image}
Booooooom
Wooooohooooo or Boooooohooooo
  • #433,467
  • Edited 3:25am Jun 25, 2016 3:04am | Edited 3:25am
Short from 147 - lets see if the low is going to be tested, pips banked so lets see if there is an up move then how it plays on Monday.
Staying short and keeping it simple

Like the moves on the Euro Pound pair nice set up before the vote and after, Long on this pair, not shorting yet.

Says something too you ..
Attached Image(s) (click to enlarge)
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  • #433,468
  • Jun 25, 2016 4:35am Jun 25, 2016 4:35am
It would be a shame to see the Scots go ,maybe EU is better for them ,I really think they haven't felt the adverse affects .

Its clear where its felt the most in England , bar London really benefiting from cheap labour ,these guys are happy to live in adverse conditions ,its good for business and those with money ,drives property through the roof
the young vote is about ,there yet to live seeing immediate personal benefits ,but not the big picture

Theres a political divide that just wont seem to go ,honestly I would never say we need to break up same situ ,seems some wont let it go ...

Hats off to the Welsh ,a great country ,thier beneficiaries from EU ,I hope will lose nothing by their vote out ,I highly doubt Wales would ever leave Uk

Scotland wants to go fine ,my belief would that would be a huge mistake on their part

http://www.telegraph.co.uk/news/2016...-pay-140-each/

http://www.bbc.co.uk/news/uk-scotland-25910947
Quoting Ill-b-back
Now Scotland want another referendum for their own independence. Could have better luck 2nd time around considering the UKs' own precedence.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,469
  • Jun 25, 2016 4:48am Jun 25, 2016 4:48am
what's everyone's take on how gu will open on monday? i was short from 1.47 but did not take profit at 1.33.....then saw the bounce but decided to keep it...i am hoping that the gbp goes lower next week. I'm short gbpjpy as well
  • #433,470
  • Edited 12:55pm Jun 25, 2016 6:19am | Edited 12:55pm
I can give an actual example of the true picture England ,very profitable Dominos Pizza I know a lot about ,

,the common employee this kind of busness is a immigrant ,because they work for less and happy to live in worse conditions
Every franchisee a multi millionaire
BOE grossly under estimate downward pressure on wages imo

"The shadow home secretary Yvette Cooper has slammed the boss of Domino's Pizza UK in a row over immigration controls in Britain.
Cooper, the Labour MP for Normanton, Pontefract and Castleford, said that the government needed to make sure that employers helped train the next generation of British workers rather than "relying on trained staff from abroad".
"Take the Domino's Pizza boss who said he needed low-skilled workers from abroad to fill all his vacancies," Cooper said.
"Yet if he has trouble filling jobs, why doesn't he pay staff more? Many aren't even paid the living wage."
Cooper's comments come after Lance Batchelor, the chief executive of Domino's Pizza UK, claimed that his company could fill 1,000 positions across the country if it had more candidates and that the Prime Minister's benefits crackdown on migrants would impede his business.
Beyond criticising the boss of Domino's Pizza UK, Cooper also argued there is a "real problem" with some recruitment agencies hiring only foreign and not native workers"



also illegal
http://www.birminghammail.co.uk/news...loying-1715373


Some of Britain’s largest employers offer zero-hours contracts to employees.
High street giants such as JD Wetherspoon, Burger King, Domino’s Pizza, Sports Direct and McDonald’s all use the deals.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,471
  • Jun 25, 2016 6:38am Jun 25, 2016 6:38am
Quoting Bones
It would be a shame to see the Scots go ,maybe EU is better for them ,I really think they haven't felt the adverse affects . Its clear where its felt the most in England , bar London really benefiting from cheap labour ,these guys are happy to live in adverse conditions ,its good for business and those with money ,drives property through the roof the young vote is about ,there yet to live seeing immediate personal benefits ,but not the big picture Theres a political divide that just wont seem to go ,honestly I would never say we need to break up...
I agree , I think they are better off part of UK and made almost exact same comment as your highlighted one in the 1st of my 2 posts on the matter.

Some focus on Boris and his British optimism may start to come into play.
At least my charts suggest it

AB=CD reversal pattern
Bounce off 161.8 ext
longer term TL
"Other" market segmentation in last chart

Oh, and you won the Rugby series against Australia
Attached Image(s) (click to enlarge)
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  • #433,472
  • Jun 25, 2016 7:31am Jun 25, 2016 7:31am
weekly breakout line retest also pretty clean
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDWeekly.png Size: 33 KB
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  • #433,473
  • Jun 25, 2016 7:39am Jun 25, 2016 7:39am
So what's the deal fundamentally??

If Brexit really does cause panic, will CB's just let it unfold as natural market forces dictate??

Naahhh, they clearly don't like that......

Let's shore up the banks some more gentlemen

US rate hike anytime real soon with this going on??

Unlikely...
Come with me if you want to live....
  • #433,474
  • Jun 25, 2016 10:22am Jun 25, 2016 10:22am
The down move went as planned. Structure has slightly changed into an expanding diagonal.

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  • #433,475
  • Jun 25, 2016 10:42am Jun 25, 2016 10:42am
Quoting Ill-b-back
So what's the deal fundamentally?? If Brexit really does cause panic, will CB's just let it unfold as natural market forces dictate?? Naahhh, they clearly don't like that...... Let's shore up the banks some more gentlemen US rate hike anytime real soon with this going on?? Unlikely...
CBs have a certain limit to impact the market, if the event is so huge i think nobody will stand in the way. i think brexit will cause disasters in both UK and EU...
When life gives you lemons, make lemonade
  • #433,476
  • Jun 25, 2016 12:16pm Jun 25, 2016 12:16pm
Quoting Ill-b-back
So what's the deal fundamentally?? If Brexit really does cause panic, will CB's just let it unfold as natural market forces dictate?? Naahhh, they clearly don't like that...... Let's shore up the banks some more gentlemen US rate hike anytime real soon with this going on?? Unlikely...
The markets were oversold on that day when the Brexit results just started to come in. And we have seen that Cable is finding support at better levels now. This is the result of the Panic attack which causes the currency to loose its real value in the over-hyped markets
FXOpen - International True ECN Broker
  • #433,477
  • Jun 25, 2016 4:14pm Jun 25, 2016 4:14pm
Quoting yanitsa
{quote} Vasya , this chart actually indicates Bremain ! Late in the day , when they finish the counting , Remain will just have edged it !
does the count completed..?
  • #433,478
  • Jun 25, 2016 4:15pm Jun 25, 2016 4:15pm
Quoting EuroScalper
{quote} The markets were oversold on that day when the Brexit results just started to come in. And we have seen that Cable is finding support at better levels now. This is the result of the Panic attack which causes the currency to loose its real value in the over-hyped markets
Hi Euroscalper,
yes I can see this, I was referring to future interventions
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  • #433,479
  • Jun 26, 2016 4:46am Jun 26, 2016 4:46am
Hard to ignore the reaction location and structure though
4250 area seems a spot to watch
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 30 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 28 KB
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  • #433,480
  • Jun 26, 2016 4:49am Jun 26, 2016 4:49am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 28 KB
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