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Cable Update (GBPUSD)

  • #434,281
  • Jul 8, 2016 7:34am Jul 8, 2016 7:34am
Average Earnings less.
Cheap labour stats.
Disparity in their system for sure. UR 4.9?
Come on Get real.
  • #434,282
  • Jul 8, 2016 7:42am Jul 8, 2016 7:42am
Quoting Ill-b-back
{quote} ok thx
Pleasure
  • #434,283
  • Jul 8, 2016 7:55am Jul 8, 2016 7:55am
NFP didn't hit GBP hard, and I see some retrace over the half hour.

http://www.investing.com/quotes/us-d...treaming-chart
Odd numbers are odd.
  • #434,284
  • Jul 8, 2016 8:08am Jul 8, 2016 8:08am
Quoting rapidace
NFP didn't hit GBP hard, and I see some retrace over the half hour. http://www.investing.com/quotes/us-d...treaming-chart
Yes must be some good reason for it like what Dean1Star pointed out or something else....wish I could trade in a proper trading house and get access to the info the professionals use....
Don't Leave Money on the Table
  • #434,285
  • Jul 8, 2016 8:27am Jul 8, 2016 8:27am
Quoting HaLBot
{quote} Yes must be some good reason for it like what Dean1Star pointed out or something else....wish I could trade in a proper trading house and get access to the info the professionals use....
Well Hal when your older and complete your secondary school education , then perhaps you will understand more .. lol
Kidding .. in time Hal when you make it as a trader you will realise that all these NFP's FOMC's BOE's are all just smoke and mirrors.
Its similar to absorbing, when you see these moments enough times you get that oh yeh right that move again kinda moment - est usually a 3 year stint.
  • #434,286
  • Jul 8, 2016 8:29am Jul 8, 2016 8:29am
Quoting dean1star
{quote} Well Hal when your older and complete your secondary school education , then perhaps you will understand more .. lol Kidding .. in time Hal when you make it as a trader you will realise that all these NFP's FOMC's BOE's are all just smoke and mirrors. Its similar to absorbing, when you see these moments enough times you get that oh yeh right that move again kinda moment - est usually a 3 year stint.
Cheers M8...
Don't Leave Money on the Table
  • #434,287
  • Jul 8, 2016 8:33am Jul 8, 2016 8:33am
Quoting Devart
{quote} Eheheheh, I am not so good to create an EA
I have found it at this link
http://www.forexfactory.com/showthread.php?t=570016

I suggest you this one. For me this EA is more than perfect

Thank you Cja
Attached File(s)
File Type: ex4 support resistance level v1.ex4   45 KB | 240 downloads
  • #434,288
  • Jul 8, 2016 8:34am Jul 8, 2016 8:34am
Hows this for a story, Kazakhstanies made a tidy sum just prior to Brexit

http://news.forexlive.com/!/kazakhst...skill-20160708
Don't Leave Money on the Table
  • #434,289
  • Jul 8, 2016 8:38am Jul 8, 2016 8:38am
And this article could explain what just happened...

http://technical-analysis.forexlive....tance-20160708
Don't Leave Money on the Table
  • #434,290
  • Edited Jul 9, 2016 4:31am Jul 8, 2016 3:54pm | Edited Jul 9, 2016 4:31am
Have read that there are already attempts going through the courts to get Brexit stopped.

http://www.theguardian.com/politics/...ing-article-50

It could mean that the Referendum will end up being debated in Parliament-
There will at least need to be an Act of Parliament to repeal the European Communities Act 1972
This was confirmed by the governments own lawyers and Oliver Letwin
The stats show a 3 to 1 majority of MPs being in favour of Remain as at 23 June.
Will MPs back the majority vote or will they vote as they felt pre Brexit.
As the economy gets worse I think it could be the later- they will have justification- to save jobs and prevent a recession.
Will there be demonstrations - there already has been- but I don't think it will get out of hand
Hard to demonstrate against something when it has caused inflation to rise, (affecting pensions), a lose of jobs and a recession

Then there is the House of Lords to contend with

So overall in the "coming months" - I am long Cable
  • #434,291
  • Jul 8, 2016 5:29pm Jul 8, 2016 5:29pm
Quoting Ill-b-back
{quote} targetting 1.2710 next??
thinking we get there next week
Come with me if you want to live....
  • #434,292
  • Jul 9, 2016 9:05am Jul 9, 2016 9:05am
Hi,

Can someone help me with gbpaud trade I got caught at 1.7660 with a long postion, when do you think we can see this level again ?

Thanks
  • #434,293
  • Jul 9, 2016 10:20am Jul 9, 2016 10:20am
Quoting artooks
Hi, Can someone help me with gbpaud trade I got caught at 1.7660 with a long postion, when do you think we can see this level again ? Thanks
You can only hope for miracle that Brexit doesn't happen. Even it doesn't, it will take a long time.

Or you can hope China goes into deep recession.
  • #434,294
  • Jul 9, 2016 11:58am Jul 9, 2016 11:58am
Quoting artooks
Hi, Can someone help me with gbpaud trade I got caught at 1.7660 with a long postion, when do you think we can see this level again ? Thanks
176 600 ? just finding it hard to believe that one could hold a trade that long and now ask the question?
  • #434,295
  • Jul 9, 2016 12:19pm Jul 9, 2016 12:19pm
Quoting artooks
Hi, Can someone help me with gbpaud trade I got caught at 1.7660 with a long postion, when do you think we can see this level again ? Thanks
A monthly support has been broken, so i think we will see it going deeper...If your margin enables it, open a sell position, so you will minimize the loss.

(I hope it reaches 1.6878)
  • #434,296
  • Jul 9, 2016 2:47pm Jul 9, 2016 2:47pm
"Remain" Loses Again - British Government Officially Rejects Petition For 2nd Referendum

Having previously been exposed as a 'scam', the petition - with over 4.1 million signatures - for a second UK referendum has officially been rejected by the British government.


REMAİN Sorry for waiting
  • #434,297
  • Jul 9, 2016 3:10pm Jul 9, 2016 3:10pm
can you imagine the farce of a second referendum or that legal challenge by 'who knows ' could work out
4 million deluded citizens
1 deluded law firm
the best bet for remain is a election on a new mandate ,which is highly unlikely as far as I can tell



The hopes of more than 4.1 million people who signed a petition calling for a second referendum on the EU have faded, after a response from the government saying it was a “once in a generation vote”.

Foreign secretary Philip Hammond said: “I very much deprecate the idea of big law firms trying to interfere in our political system to overturn the will of the people.”
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #434,298
  • Jul 10, 2016 7:03am Jul 10, 2016 7:03am
Quoting Bones
can you imagine the farce of a second referendum or that legal challenge by 'who knows ' could work out 4 million deluded citizens 1 deluded law firm the best bet for remain is a election on a new mandate ,which is highly unlikely as far as I can tell The hopes of more than 4.1 million people who signed a petition calling for a second referendum on the EU have faded, after a response from the government saying it was a once in a generation vote. Foreign secretary Philip Hammond said: I very much deprecate the idea of big law firms trying to interfere...
As far as I see it there has been no strong push from the Pollies who wanted to remain for another referendum so I'm tipping that they are actually glad it happened but had to show a different public face.
So if the politicians who strongly voted 'Remain' secretly are happy they are out of the EU what does that say about the EU, is it teetering on the brink so get out now, or is it that they resent the rules and laws they have to abide by from the faceless unelected Bureaucrats in Brussels?
I'm trying to read between the lines here and could be way of.

Also a wake up call for millions of younger voters who couldn't be bothered to get down to a polling station and now find their futures have been handed to them by the 'Oldies'. A wake up call for youth across the world.
Don't Leave Money on the Table
  • #434,299
  • Jul 10, 2016 7:22am Jul 10, 2016 7:22am
Quoting artooks
Hi, Can someone help me with gbpaud trade I got caught at 1.7660 with a long postion, when do you think we can see this level again ? Thanks
Over here in Australia we have a new government after one of the longest campaigns and waiting for the result. The incumbent conservative coalition have just scraped home by a slim margin.
What this means is there will be a jump in the Aussie dollar also buoyed by rises in the equities on Friday.

So the bad news for you is the Pound will continue to fall against the Aussie so if you don't want to take a lose then I would suggest you do as LauTrader suggests and take the opposite trade. You could then take another short position and start to recover your loses but that's a decision you have to make.

So everything right now says the Pound will continue to fall against the Aussie but certain events could change that so I might be wrong, so your trading decisions are your and yours alone just like all of us.
Don't Leave Money on the Table
  • #434,300
  • Edited 10:58am Jul 10, 2016 8:36am | Edited 10:58am
Hi Hal I think they did believe remain .
the referendum is now a conundrum since to overturn it would look un -democratic ,if you have other referendums how would you go about it ,what exactly ,then the result still may not be as they want ,could get really messy ,many would feel robbed if that referendum wasn't carried out as the PM promised ,yes or no ,that would be done.
Many complain where /whats the plan for leave ,on the whole there is a general plan nothing can be done because of the subsequent party problems,theres literally no way of knowing the actual details till much later.
So in a nut shell theres no will for a election or a referendum ,the two going for PM say they will submit article 50 ,I don't see the way out in the time that would not occur.

EU are also painted in a corner tho they like to punish UK, but maybe that would spread to the entire region ,I would still go along with they have no choice but to play nice this could work out in everyones economic interest as a normal supply and demand setting.

All Uk really want is to govern themselves not to tie in with another government above,but enjoy mutual economic benefits ,which it all started as.
My gut feeling is fellow citizens are willing to continue with risks and uncertainty that surrounds the whole issue to achieve that.How big and how bad this will be is in political hands from all sides ,

If it went back to parliament first
still it could come back leave, as conservative mandate is in line with referendum result , alot of Englands labour regions voted out they would have to vote against their own constituents

Whilst the vote looked close id say it was a much harder decision to vote leave ,than the percived safe remain .
If you took the political set up completely from fresh ,Vote no would be considerably higher it just wouldn't happen ,only by no say, slow stealth- introduction could we be here now


Quoting HaLBot
{quote} As far as I see it there has been no strong push from the Pollies who wanted to remain for another referendum so I'm tipping that they are actually glad it happened but had to show a different public face. So if the politicians who strongly voted 'Remain' secretly are happy they are out of the EU what does that say about the EU, is it teetering on the brink so get out now, or is it that they resent the rules and laws they have to abide by from the faceless unelected Bureaucrats in Brussels? I'm trying to read between the lines here and could...
On-site guru & also FF member's' psychiatrist, when not drinking tea
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