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Cable Update (GBPUSD)

  • #433,781
  • Jun 29, 2016 10:42am Jun 29, 2016 10:42am
News has been positive on Sterling and negative on Dollar recently

Sterling - talk of Brexit not happening and a 2nd referendum and have heard Spain and France oppose Scottish EU talks
Dollar - potential for rate increase to be put off to 2018 plus some poor figures out today

Tomorrow will be good- Carney speaks - this is going to be very important
I will be listening to this- something tells me he will not talk about cutting rates
Lets wait and see
  • #433,782
  • Edited 10:58am Jun 29, 2016 10:42am | Edited 10:58am
Very tight balance here: E is inside D that is inside C period (m30). 13500 stilll bad. And above 13529 not good. So: it might unfold from here.

current situation on major timeframes:

Attached Image (click to enlarge)
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Ubi maior minor cessat
  • #433,783
  • Jun 29, 2016 10:56am Jun 29, 2016 10:56am
Quoting Fader123
News has been positive on Sterling and negative on Dollar recently Sterling - talk of Brexit not happening and a 2nd referendum and have heard Spain and France oppose Scottish EU talks Dollar - potential for rate increase to be put off to 2018 plus some poor figures out today Tomorrow will be good- Carney speaks - this is going to be very important I will be listening to this- something tells me he will not talk about cutting rates Lets wait and see
Not cutting rate will be bad for stocks market.
  • #433,784
  • Edited 12:18pm Jun 29, 2016 12:05pm | Edited 12:18pm
Quoting frx_trader
{quote} Not cutting rate will be bad for stocks market.

There was talk of a cut however, the FTSE100 has recovered to previous pre Brexit levels and the mid-cap 250 is on its way as well.
The issue is - is this a temporary position- are we due another sell-off.
Everything is a bit up in the air at the moment - so they may well wait and see- as there is no point in stoking further inflationary pressures
  • #433,785
  • Jun 29, 2016 12:46pm Jun 29, 2016 12:46pm
GBP-USD DROP !!!
Have you SELL it ?
Attached Image (click to enlarge)
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  • #433,786
  • Jun 29, 2016 12:55pm Jun 29, 2016 12:55pm
who is buying this dip 3350 could be possible buy to ?
  • #433,787
  • Jun 29, 2016 12:59pm Jun 29, 2016 12:59pm
Quoting Fader123
News has been positive on Sterling and negative on Dollar recently Sterling - talk of Brexit not happening and a 2nd referendum and have heard Spain and France oppose Scottish EU talks Dollar - potential for rate increase to be put off to 2018 plus some poor figures out today Tomorrow will be good- Carney speaks - this is going to be very important I will be listening to this- something tells me he will not talk about cutting rates Lets wait and see
If he has sense he will leave the rate the same that will show no panic I think people expect a drop
  • #433,788
  • Jun 29, 2016 1:15pm Jun 29, 2016 1:15pm
Quoting Lock
Very tight balance here: E is inside D that is inside C period (m30). 13500 stilll bad. And above 13529 not good. So: it might unfold from here. current situation on major timeframes: {image}
That is exactly what happened in the last 2 and a half hours. (and I was not in it, unfortunately for me)

So, let's see tomorrow. Have a nice trading everyone.
Ubi maior minor cessat
  • #433,789
  • Edited 2:21pm Jun 29, 2016 1:57pm | Edited 2:21pm
lol could be SNP dreaming ,with apathy high who is going to go against a high turn out referendum ,now we have to deal with what we have
Im surprised you'd go along with it not happening
mostly I notice non brits mention it will never happen leaders will u turn

"The SNP's attempt to be made the official opposition at Westminster has been rejected by the Speaker of the House of Commons.
The Scottish National Party had argued that its Commons leader enjoyed the support of more MPs than Labour leader Jeremy Corbyn."


Quoting Fader123
News has been positive on Sterling and negative on Dollar recently Sterling - talk of Brexit not happening and a 2nd referendum and have heard Spain and France oppose Scottish EU talks Dollar - potential for rate increase to be put off to 2018 plus some poor figures out today Tomorrow will be good- Carney speaks - this is going to be very important I will be listening to this- something tells me he will not talk about cutting rates Lets wait and see
Attached Image (click to enlarge)
Click to Enlarge Name: 1 n s.jpg Size: 37 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,790
  • Jun 29, 2016 2:00pm Jun 29, 2016 2:00pm
if retrace has to build I guess ,just location gbp now

Quoting Lock
{quote} Yes. And that's the reason why I quit again there. With a major ref like that a first bounce is very normal. Now waiting for the pit session and the gap si going to open with. Have a nice trading.
Attached Image (click to enlarge)
Click to Enlarge Name: 300 CHF (DFB).png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,791
  • Jun 29, 2016 2:15pm Jun 29, 2016 2:15pm
hi guys,

very good pattern (for me), first attempt to try a long now.

sl 50 pips.
  • #433,792
  • Jun 29, 2016 2:27pm Jun 29, 2016 2:27pm
Quoting KeenPips
{quote} My style, dean. Life is more than FX trading.
That make 3 of us...trading is not supposed to be work, but should be pleasurably incorporated as 1 of many activities.
I may not be right...BUT, I am never wrong
  • #433,793
  • Edited 2:49pm Jun 29, 2016 2:34pm | Edited 2:49pm
Quoting Bones
if retrace has to build I guess ,just location gbp now {quote} {image}

Now 13416 is extraordinary bad while at the same time all the structure above is quite embarrassing. Will it close the "gap up" down to 13393? (I'm not going to trade untill tomorrow, it's only a consideration)

A final visual recap for today.

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Ubi maior minor cessat
  • #433,794
  • Jun 29, 2016 3:08pm Jun 29, 2016 3:08pm
Quoting Spartanholds
{quote} That make 3 of us...trading is not supposed to be work, but should be pleasurably incorporated as 1 of many activities.
Spartan, I have met a few FF members with the same style; and you know what? They rock. Green pips to you.
Do your homework, follow the footprints of smart money
  • #433,795
  • Jun 29, 2016 3:19pm Jun 29, 2016 3:19pm
Brexit’ beat ‘porn’ as the most popular Google search term last week

http://www.forexfactory.com/news.php?do=news&id=597077
When life gives you lemons, make lemonade
  • #433,796
  • Edited 4:55pm Jun 29, 2016 4:45pm | Edited 4:55pm
Long at 134 300 - position trade stop loss in place.
Lets see how it plays with the monthly candle ..
Weekly too.
Short closed from 147 - 134 300
1,270 pips .
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  • #433,797
  • Jun 29, 2016 5:25pm Jun 29, 2016 5:25pm
Quoting KeenPips
{quote} My style, dean. Life is more than FX trading.
Yeh u got it KP .. great balance when u get it right ..
  • #433,798
  • Jun 29, 2016 5:29pm Jun 29, 2016 5:29pm
Quoting dean1star
Long at 134 300 - position trade stop loss in place. Lets see how it plays with the monthly candle .. Weekly too. Short closed from 147 - 134 300 1,270 pips . {image}
Nice short there man, may share your target for long?
  • #433,799
  • Jun 29, 2016 6:43pm Jun 29, 2016 6:43pm
We should see 1.3631 trade soon and 1.3721 or higher by the end of the week.
I may not be right...BUT, I am never wrong
  • #433,800
  • Jun 29, 2016 10:56pm Jun 29, 2016 10:56pm
Quoting csc2009
New fresh low, the Pound remains intense bearish pressure under 1.32 level, my target set to 1.30.
Hi, trading cable over the last 48hrs seems very "civilized" . Are you still targeting 1.3?
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