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Cable Update (GBPUSD)

  • #434,121
  • Jul 6, 2016 1:41am Jul 6, 2016 1:41am
Quoting Devart
{quote} I am agree with you {image}
On your picture i can't see any candles. how do you trade it?
  • #434,122
  • Jul 6, 2016 1:49am Jul 6, 2016 1:49am
as long as Carney doesn't steady the market anytime soon Uk could have a chance ,goes back right person for the job including PM


The Canadian Governor seems determined to show that his desperate warnings made during the course of the EU referendum campaign about a loss of economic confidence and a technical recession (two consecutive quarters of shrinking GDP) are already proving right.

Economics is largely about human behaviour. How the economy performs is the result of millions of ordinary people taking decisions about their lives and thousands of businesses, large and small, forming a view about investment prospects.
The great danger with the position Mark Carney has taken before and after the referendum is that the more our public officials warn of the dangers of the post-Brexit world, the more a damaging downturn is likely.

Read more: http://www.dailymail.co.uk/debate/ar...#ixzz4DcJMpbZC
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Betrayal of Britain Plc: Is the Bank Governor's dire warning about the economy a fit of pique over voters ignoring his doom-mongering before Brexit vote?

Quoting Darkforce
The pressure on the pound may never go away until BOE make it clear what they want to do, it maybe "sell the rumour buy the fact". Maybe under 1.3 will be the new "norm" for a while
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #434,123
  • Jul 6, 2016 2:50am Jul 6, 2016 2:50am
Quoting Aleksbuk
{quote} On your picture i can't see any candles. how do you trade it?
Hi Aleksbuk,
I try to exaplain, so please be patience.
Basically I trade looking at support, resistence and figures (rectangle, triangle, butterfly, three waves e bla bla).
Sometime I use also the candles but in little time frame and the most the I use are:

  1. Doji, to understand if the market has a trend or it is in a indecision point --> rickshaw man doji, long leggend doji ecc ecc;
  2. three white soldiers and three black crows

I am not exactly and expert about candlestick.

My credo is simple, instead to crush the head in order to find complicate patterns, candle ecc ecc the most important is to find something that can be easily seen by everyone...if it is, will be more possible to guess the pattern, figures or in general the direction of the market.

When I focus on a cross is my routine to drive every single support/resistence dinamic or not dinamic in order to find the main point that will attract the cross. About to find and paint them on the graph I do not how to explain, these lines pop up on my eyes easily.

This doesn't mean that I always win or that I guess the TP. Look at picture 1 (I admit to have had a serious of wins, myabe lucky or maybe not), about the trade underlined in blue, I was kicked out for 5 pips and after to see that the cross reached my TP....hwv it doesn't matter.
The main point is that with my trades style done 5 trades, I usually guess 2 or 3 on 5. When I lose, I lose X, when I win 3X or 4X.
Secondly I check in some forum, news release info if my view is shared or not.

This is basically how I act...I hope to have been clear as much as possible

PS. I was forgotting...I use on short periodo Fibonacci Arcs and on long Normal fibonacci

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  • #434,124
  • Jul 6, 2016 3:49am Jul 6, 2016 3:49am
Quoting Aleksbuk
{quote} On your picture i can't see any candles. how do you trade it?
following several requests from anonymous traders and big banks for providing a simple forecast - here it goes
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Beware of robber banks (RB), bad advisors.
  • #434,125
  • Jul 6, 2016 4:36am Jul 6, 2016 4:36am
we or mr Carey has to be awere of foreign money buying up British property and assets . Or is that what he wants to pull uk down further after all he is not British
  • #434,126
  • Jul 6, 2016 4:48am Jul 6, 2016 4:48am
Quoting HaLBot
{quote} I would not say the UK stabbed EU in the back, remember probably 95% of all the political leaders publicly supported the EU but couldn't convince the population enough to stay. one reason is that voters 25 and under couldn't get of their lazy arses and get to a polling station and then complain bitterly about losing, 2nd reason is for the first time in recorded history wages growth has fallen and thirdly unchecked immigration. The lesson there for the unelected Euroland bureaucrats is actually listen to the people instead of forcing them...
the motives behind brexit is arrogance, ego, selfishness and insanity. why should germany and france sacrifice alone now for the smaller nations? i think eu is better without uk in it. uk was never integrated in eu or in any other union historically unless it involves occupation and control

none of the brexit clowns have a plan for the future, and remember everytime that idiot nigel farage goes on tv from now on the pound will drop 10%
When life gives you lemons, make lemonade
  • #434,127
  • Jul 6, 2016 4:51am Jul 6, 2016 4:51am
to me this face screams i am an idiot arrogant dreaming of the great britain empire without looking around me to the dying europe that needs uk to survive.
please punch me

just look and hear him talking...
i told you i will bring the uk out years ago and you laughed at me (pound down 5%), none of you is laughing now!! (pound down 5%) hahah (pound down 10%)

haha (1%)
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When life gives you lemons, make lemonade
  • #434,128
  • Jul 6, 2016 4:52am Jul 6, 2016 4:52am
Quoting micho
{quote} the motives behind brexit is arrogance, ego, selfishness and insanity. why should germany and france sacrifice alone now for the smaller nations? i think eu is better without uk in it. uk was never integrated in eu or in any other union historically unless it involves occupation and control none of the brexit clowns have a plan for the future, and remember everytime that idiot nigel farage goes on tv from now on the pound will drop 10%
Democracy is it!
Do your homework, follow the footprints of smart money
  • #434,129
  • Jul 6, 2016 4:54am Jul 6, 2016 4:54am
Quoting micho
to me this face screams i am an idiot arrogant dreaming of the great britain empire without looking around me to the dying europe that needs uk to survive. please punch me just look and hear him talking... i told you i will bring the uk out years ago and you laughed at me (pound down 5%), none of you is laughing now!! (pound down 5%) hahah (pound down 10%) haha (1%) {image}
That's very funny Micho.......LOL
Don't Leave Money on the Table
  • #434,130
  • Jul 6, 2016 4:57am Jul 6, 2016 4:57am
I said it yesterday and I'll say it again......I don't agree with his politics but he made the biggest mistake of his life resigning.....thinking more about it since yesterday maybe someones got dirt on him so he has no choice but to leave politics because it's the strangest resignation I've ever seen...
Don't Leave Money on the Table
  • #434,131
  • Jul 6, 2016 5:00am Jul 6, 2016 5:00am
I can see Cable regaining the 3020 area....
Don't Leave Money on the Table
  • #434,132
  • Jul 6, 2016 5:09am Jul 6, 2016 5:09am
Quoting KeenPips
{quote} Democracy is it!
if you give a very complex political and economical problem that requires complex solutions to a farmer to solve by a yes or no question. do you call this democracy?

i call it stupidity

this should be addressed by the minister of economy and his counselors together with the rest of the parliament and the economy people, not by the average joe and not by a yes or no wtf type of answer

When life gives you lemons, make lemonade
  • #434,133
  • Jul 6, 2016 5:11am Jul 6, 2016 5:11am
Quoting micho
{quote} if you give a very complex political and economical problem that requires complex solutions to a farmer to solve by a yes or no question. do you call this democracy? i call it stupidity this should be addressed by the minister of economy and his counselors together with the rest of the parliament and the economy people, not by the average joe and not by a yes or no wtf type of answer
Yes that's true except these so called 'Experts' are there to feather their own nests and not raise the living standards of the majority of the people....
Don't Leave Money on the Table
  • #434,134
  • Jul 6, 2016 5:18am Jul 6, 2016 5:18am
Quoting HaLBot
{quote} Yes that's true except these so called 'Experts' are there to feather their own nests and not raise the living standards of the majority of the people....
if you assume that on a general scale then you are wrong

europe is dying, there is slowdown in the economic since decades, whether the countries are in or outside the union the economy is slowing down
no natural resources, no investments

the best way to tackle this problem is via a union where each nation gives and gets to support and get supported. thats how europe can survive

all other big nations have natural resources or cheap labor, you can live without this

so no not all experts are their to steal, the eu is not the best group and does not have best policies but its the best way for europeans to survive under this umbrella

how would a us state survive if it did a usixt if it doesnt have natural resource or cheap labor??? it doesnt

asking the arrogant english people if they want their independance yes or no is like asking children if they like to have ice cream 20 times a day yes or no
When life gives you lemons, make lemonade
  • #434,135
  • Jul 6, 2016 5:20am Jul 6, 2016 5:20am
they dont want muslims to go to uk (duh) and they dont want eastern europeans (duh) then why the fuck did you support your governments since the 1800 to conquer other nations and install terrorists states in their lands and continue to be hostile to russia without any reason????
people dont look at the reasons but just the consequences

israel 48 is the biggest shining reason
When life gives you lemons, make lemonade
  • #434,136
  • Jul 6, 2016 5:42am Jul 6, 2016 5:42am
Quoting micho
{quote} the motives behind brexit is arrogance, ego, selfishness and insanity. why should germany and france sacrifice alone now for the smaller nations? i think eu is better without uk in it. uk was never integrated in eu or in any other union historically unless it involves occupation and control none of the brexit clowns have a plan for the future, and remember everytime that idiot nigel farage goes on tv from now on the pound will drop 10%
What do you think about the UK's proposal to decrease the taxes on companies in order to be competitive with ireland?
  • #434,137
  • Jul 6, 2016 5:46am Jul 6, 2016 5:46am
Quoting micho
they dont want muslims to go to uk (duh) and they dont want eastern europeans (duh) then why the fuck did you support your governments since the 1800 to conquer other nations and install terrorists states in their lands and continue to be hostile to russia without any reason???? people dont look at the reasons but just the consequences israel 48 is the biggest shining reason
I'm not assuming anything on a general scale.....there was a lot of dissatisfaction in the UK with the EU otherwise Brexit would not have succeeded.

There was 5 major players over the last 500 years as far as I understand history that being Spain, Portugal, France, Holland and Britain all doing things with the belief they had a god given right to do so.
And the concept of universal human rights is a 20th century invention so using examples from 200 plus years ago is irrelevant. But if you want to use those examples have a look at what the other major players did to the native populations of the countries they colonised.
Fact Australia is a first world country. Fact Indonesia is still a developing country. Fact Canada and North America are first world countries. Fact South America is a developing region.
Those countries and regions are still developing while the first world countries have been that way for over 100 years now!!!!!
Don't Leave Money on the Table
  • #434,138
  • Jul 6, 2016 5:47am Jul 6, 2016 5:47am
Also what Britain has given the world in Science and Technology over the last 300 years is staggering!!!!
Don't Leave Money on the Table
  • #434,139
  • Jul 6, 2016 5:58am Jul 6, 2016 5:58am
Quoting HaLBot
I can see Cable regaining the 3020 area....
Well it might still happen today but after it failed at 2980 it's not looking as likely but we still have a lot of US session left...
Don't Leave Money on the Table
  • #434,140
  • Jul 6, 2016 6:23am Jul 6, 2016 6:23am
try a short, now, this baby is COTTO.
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