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Cable Update (GBPUSD)

  • #433,541
  • Jun 26, 2016 8:47pm Jun 26, 2016 8:47pm
Good read,
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Patience is key
  • #433,542
  • Jun 26, 2016 10:33pm Jun 26, 2016 10:33pm
Quoting Fader123
{quote} Congrats!
Night trading then Fader .. how about Brexit then..
I think this will be seen as the catalyst which finished of what started in 2008 as its more than likely we
head into recession over time, it seems logical. Green pips ..
  • #433,543
  • Jun 26, 2016 10:38pm Jun 26, 2016 10:38pm
Quoting NaldoJAM
Good read, {image}
i dont think its about a man or a party, its about a country. people still did not realize what they have done, this english ego makes people stupid. more disasters to come, we only just begun

Inserted Video


When life gives you lemons, make lemonade
  • #433,544
  • Jun 26, 2016 10:46pm Jun 26, 2016 10:46pm
A visual recap from Friday update.

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Ubi maior minor cessat
  • #433,545
  • Edited 11:39pm Jun 26, 2016 11:05pm | Edited 11:39pm
1.31XX and lower on the horizon for cable Sooner or Later. EURO ABOUT TO GAIN MAXXXX POWER ON WEAKER CURRENCIES????
Trading Eternal...... Shiny & Chrome!!!!
  • #433,546
  • Jun 26, 2016 11:27pm Jun 26, 2016 11:27pm
my charts dont even go further back the 1996 lol.. i do not even have levels where we are at here in no mans land right now..lol..
whats the lowest gu has been since inception? guess i can google other charts,.

edit- found it- 1985
  • #433,547
  • Jun 26, 2016 11:54pm Jun 26, 2016 11:54pm
And on Cable, I see a retrace back to the day R1 before a decision gets made 3511. So perhaps Franky or London, most probably Franky, will take us from S1 at 3398 up to the R1
Or London takes us from day Pivot at 3448 up to day R3 at 3624

On a more interesting note, we are blocked downwards by 3383, which is 1000 pips down from the December monthly S2 pivot. So today could even possibly retrace back to 3633. 750 pips down from December monthly S3 and close to Day R3

http://www.forexfactory.com/attachme...1&d=1466997374
Forex, awful to watch, AWESOME to play
  • #433,548
  • Jun 27, 2016 12:03am Jun 27, 2016 12:03am
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Come with me if you want to live....
  • #433,549
  • Jun 27, 2016 12:30am Jun 27, 2016 12:30am
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GBPUSD was very volatile on Friday. I think this week will also with big down pulse, maybe it will not so big like on Friday but balance is still short and i will play just short.
  • #433,550
  • Jun 27, 2016 12:46am Jun 27, 2016 12:46am
Staying with the move south.
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  • #433,551
  • Jun 27, 2016 1:44am Jun 27, 2016 1:44am
Quoting dean1star
{quote} Night trading then Fader .. how about Brexit then.. I think this will be seen as the catalyst which finished of what started in 2008 as its more than likely we head into recession over time, it seems logical. Green pips ..
The Aussie session really easy and doesn't take too long

Brexit

There is a big meeting today or tomorrow - and I know that Spain and Italy are going to pressure the EU into making changes.
Whether that will be enacted upon is another matter.
I would hope that the EU sees sense.
They have already lost the UK, the threats of losing other nations might force them to concede that - its they who need to change
However, the EU leaders seemed very anti-UK on Friday

If they are willing to concede on immigration - then there might be hope. Then we could hold another referendum. They don't appear to think about things logically though. Square peg and round hole spring to mind.

Otherwise, things are going to get tough in the UK
  • #433,552
  • Edited 2:34am Jun 27, 2016 2:00am | Edited 2:34am
Shares in UK banks, insurers, builders and real estate companies getting hammered in trading....

Trading in Barclays and RBS temporarily halted.

Conversely, oil companies and miners, and others which derive most of their earnings in overseas markets - which make up a fair share, in terms of weightings, of the FTSE100 - are performing well, as the most of the earnings and dividends on these stocks are all in dollars.

!0-year gilts hitting another record low, dropping 10bps to 0.96%, as markets are betting that next move from BOE is likely to be an interest rate cut, possibly co-ordinated with action from the ECB. I think things will need to get worse before we see any action from central banks. These low long term rates cause havoc for the profitability of banks and insurers, at a time when there are growing concerns over their liquidity and hit to income from uncertainty out of Brexit).

Politically: Jeremy Corbyn, the leader of the opposition, is said to be asked to stand down by his deputy, following the mass resignations of his shadow cabinet yeaterday.

Not surprisingly, given this toxic political and economic mix, sterling is under significant pressure (despite Boris Johnson ludicrously claiming this morning that the pound had stedied!?!?!)..
  • #433,553
  • Jun 27, 2016 2:13am Jun 27, 2016 2:13am
Quoting Fader123
{quote} The Aussie session really easy and doesn't take too long Brexit There is a big meeting today or tomorrow - and I know that Spain and Italy are going to pressure the EU into making changes. Whether that will be enacted upon is another matter. I would hope that the EU sees sense. They have already lost the UK, the threats of losing other nations might force them to concede that - its they who need to change However, the EU leaders seemed very anti-UK on Friday If they are willing to concede on immigration - then there might be hope. Then we...
Well either way Cameroon is to blame as we are now entering the blame game scenario, he was so up for being PM without the Lib Dems, that he was willing to promise anything to get there. Chickened out though could not see it through to the end, very self centered of him. Pass the Parcel time i guess, perhaps now people will take note that 17 million Brits are pissed of with things, you might say this way was the way for people to give cameroon a taste of his own medicine god knows austerity has hurt so many people, benefit cuts for disabled etc etc. Guess he did not like getting his way, as 17 million people have reminded him. It hurts, but as we know HSBC are already looking after him with his new mortgage .. plus a host of other goodies, did he do much good as PM - i think not but Either way Politics is in need of a change but no one has the answers..

Looking around the 130 level for a potential BUY zone again .. lol
  • #433,554
  • Jun 27, 2016 2:17am Jun 27, 2016 2:17am
Quoting gammase1
Shares in UK banks, insurers, builders and real estate companies getting hammered in trading.... Trading in Barclays and RBS temporarily halted. Conversely, oil companies and miners, and others which derive most of their earnings in overseas markets - which make up a fair share, in terms of weightings, of the FTSE100 are performing well, as the earnings and dividends on these stocks are all in dollars. !0-year gilts hitting another record low, dropping 10bps to 0.96%, as markets are betting that next move from BOE is likely to be an interest rate...
Boris for Chancellor!
  • #433,555
  • Jun 27, 2016 2:26am Jun 27, 2016 2:26am
Quoting dean1star
{quote} Well either way Cameroon is to blame as we are now entering the blame game scenario, he was so up for being PM without the Lib Dems, that he was willing to promise anything to get there. Chickened out though could not see it through to the end, very self centered of him. Pass the Parcel time i guess, perhaps now people will take note that 17 million Brits are pissed of with things, you might say this way was the way for people to give cameroon a taste of his own medicine god know austeritys has hurt so many people, benefit cuts for disabled...
A lot of this was instigated by the EU. They demanded austerity measures. However, I completely agree that some of the measures were terrible
The taxes that they introduced - bedroom tax was truly shocking and as you say he has now got a taste of his own medicine.
  • #433,556
  • Jun 27, 2016 2:28am Jun 27, 2016 2:28am
Quoting Fader123
{quote} A lot of this was instigated by the EU. They demanded austerity measures. However, I completely agree that some of the measures were terrible The taxes that they introduced - bedroom tax was truly shocking and as you say he has now got a taste of his own medicine.
The EU demanded austerity from Eurozone members, with devastating consequences. But the UK austerity was entirely self-imposed.
  • #433,557
  • Jun 27, 2016 2:37am Jun 27, 2016 2:37am
Quoting gammase1
{quote} The EU demanded austerity from Eurozone members, with devastating consequences. But the UK austerity was entirely self-imposed.
noted
  • #433,558
  • Jun 27, 2016 2:44am Jun 27, 2016 2:44am
A visual recap from last post.

Considering the 13250 weak level and the Friday weak low still to test. Current GB structure above is very bad and there are numerous weak references. But right now is one time frame lower. Let's see.

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Ubi maior minor cessat
  • #433,559
  • Jun 27, 2016 2:57am Jun 27, 2016 2:57am
small buy gu at 1.3225. sl 12 pips.
  • #433,560
  • Jun 27, 2016 2:57am Jun 27, 2016 2:57am
Quoting Lock
A visual recap from last post. Considering the 13250 weak level and the Friday weak low still to test. Current GB structure above is very bad and there are numerous weak references. But right now is one time frame lower. Let's see. {image}
Now both have been taken out. Let's see if it can now balance and start to correct some of the structure above. (Or if it want to test some more below, before to start balancing).
Ubi maior minor cessat
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