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Cable Update (GBPUSD)

  • #434,521
  • Jul 14, 2016 8:21am Jul 14, 2016 8:21am
Quoting salifx
Massive selling pressure... Maybe they bring it back to where it was... under 1.3300...
Big firms are net seller in GBP...

They say BOE needs more data to decide for a rate cut...

less then 4 weeks remains for the next rate decision!

Which data they are looking for? LOL.
There's no harm in being smtm wrong especially if one is promptly found out
  • #434,522
  • Jul 14, 2016 8:40am Jul 14, 2016 8:40am
i've turned short gbp....it seems unable to move up higher today plus tomorrow is friday, profit taking day
  • #434,523
  • Jul 14, 2016 8:40am Jul 14, 2016 8:40am
the worst part of today is though i got my call right, i got f by my broker, dropped 30% of my pnl, really wanna cry right now
  • #434,524
  • Jul 14, 2016 9:05am Jul 14, 2016 9:05am
makes you think UK is not the only country with a problem completely free movement , new countries joining it can only go up ,there must be another way to trade


The Swiss vote to reintroduce immigration quotas and abandon free movement of people has attracted worldwide attention, not least from Switzerland's EU neighbours, where there is also heated debate about free movement of people.


http://www.bbc.co.uk/news/world-europe-26116652
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #434,525
  • Jul 14, 2016 10:48am Jul 14, 2016 10:48am
Quoting elbert3
{quote} Hi I have a big building project on the go hence few charts posted . I hope you went long at your number call ? Regards B
Yes 2nd time i long at 3105.
  • #434,526
  • Jul 14, 2016 2:01pm Jul 14, 2016 2:01pm
Quoting Dr.Zain
{quote} Yes 2nd time i long at 3105.
Good man well done hope to fill the gap on 2 more waves regards
  • #434,527
  • Jul 14, 2016 3:28pm Jul 14, 2016 3:28pm
Quoting iamawaited
{quote} Okay so far the forecasts are going 100 percent according to plan... Here we go. next forecast. EDIT>>> I MEANT SELLING NOT BUYING in the GU PIX {image} {image}
Short gbp at 133,and now it's on upward trend . Thought it wil be on downtrend till1.3012
  • #434,528
  • Jul 14, 2016 3:59pm Jul 14, 2016 3:59pm
Quoting Bones
makes you think UK is not the only country with a problem completely free movement , new countries joining it can only go up ,there must be another way to trade The Swiss vote to reintroduce immigration quotas and abandon free movement of people has attracted worldwide attention, not least from Switzerland's EU neighbours, where there is also heated debate about free movement of people. http://www.bbc.co.uk/news/world-europe-26116652
I just dont understand it, people who live on this planet are denied the freedom to move, for whatever reasons, i get it - can see it, but will never truely understand it.
Anyone who makes their journey successfully deserves their status, in whatever country. If any of us were in their shoes, for sure we would be trying the same. Shame on us if thats allowed to say.
  • #434,529
  • Jul 14, 2016 4:34pm Jul 14, 2016 4:34pm
Quoting dean1star
{quote} I just dont understand it, people who live on this planet are denied the freedom to move, for whatever reasons, i get it - can see it, but will never truely understand it. Anyone who makes their journey successfully deserves their status, in whatever country. If any of us were in their shoes, for sure we would be trying the same. Shame on us if thats allowed to say.
Well said ... and people don't see there are many reason to travel borders ... I am living in the UK now (I am from Germany and moved over here when i was 40) I moved here not for a good job, I gave up hell of a good job in Germany but moved over here for my girlfriend ... there are for sure many people coming because of better chances and wages but the thing is there were time when British people moved to the continent for the same reason ... and what ever reason leaving the country you have grown up in is something that take a bit of a backbone .. so you will always get far more people who are willing to contribute with their work, their skills and there taxes then the few black sheep that claim benefits for the wrong reasons ....

Just saying just my opinion and my experience.
  • #434,530
  • Edited 5:56pm Jul 14, 2016 4:48pm | Edited 5:56pm
yea Dean we were in their shoes course ,its the policy not the people
no longer would you have countries ?maybe thats unrealistic idealism
so what your saying is open the borders to the world not to worry,in the mist of a housing crisis
Number of people expected to be living per square kilometre in 2015 - by country
1 England - 419
2 Holland - 408
3 Wales - 258
4 Germany - 226


Swedish house prices have risen faster than in much of the western world, more than tripling in value over two decades.
Sweden’s centre-left government says construction of new housing is at its highest level for more than two decades. But analysts believe this is about half what is needed.

Quoting dean1star
{quote} I just dont understand it, people who live on this planet are denied the freedom to move, for whatever reasons, i get it - can see it, but will never truely understand it. Anyone who makes their journey successfully deserves their status, in whatever country. If any of us were in their shoes, for sure we would be trying the same. Shame on us if thats allowed to say.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #434,531
  • Edited 5:20pm Jul 14, 2016 4:53pm | Edited 5:20pm
Id be willing to see open borders with all the major countries EU ,since the flow each way would most likely be equal,


Quoting Dalchow
{quote} Well said ... and people don't see there are many reason to travel borders ... I am living in the UK now (I am from Germany and moved over here when i was 40) I moved here not for a good job, I gave up hell of a good job in Germany but moved over here for my girlfriend ... there are for sure many people coming because of better chances and wages but the thing is there were time when British people moved to the continent for the same reason ... and what ever reason leaving the country you have grown up in is something that take a bit of a...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #434,532
  • Jul 14, 2016 4:58pm Jul 14, 2016 4:58pm
Quoting iamawaited
{quote} you see??? i told you it will burst that high earlier. GL anyways. BE WARY PEOPLE NO SIGN OF TOP BEING HIT JUST YET SO I WOULDNT SELL JUST YET.
Yea it was still retracing up. It doesnt really bother me though because I swing trade. Maybe I should clarify more for the day traders here, because a retracement of 500 pips doesnt bother me at all LOL. Eagerly awaiting the fall still....
  • #434,533
  • Jul 14, 2016 5:01pm Jul 14, 2016 5:01pm
Quoting TaoTrader
{quote} Yea it was still retracing up. It doesnt really bother me though because I swing trade. Maybe I should clarify more for the day traders here, because a retracement of 500 pips doesnt bother me at all LOL. Eagerly awaiting the fall still....
TT, 500 pips will be a load of bread to me Lol. I'm a short-term swing trader.
Do your homework, follow the footprints of smart money
  • #434,534
  • Jul 14, 2016 6:02pm Jul 14, 2016 6:02pm
Quoting KeenPips
{quote} TT, 500 pips will be a load of bread to me Lol. I'm a short-term swing trader.
Hahahaha! To me its nothing :-). If you only open 10 cent trades its only $50.
  • #434,535
  • Jul 14, 2016 6:22pm Jul 14, 2016 6:22pm
yes and no if you ever wanted to trade more seriously ,unless you can kick off with a lot of money ,the weekly is bullish ,monthly swing is a long way up and theres an open gap ,we witnessed the power of gaps in recent times no argument
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUD (DFB).png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #434,536
  • Jul 14, 2016 10:06pm Jul 14, 2016 10:06pm
same advise ,careful of open numbers


Quoting Bones
you can look ,the opens are new buyers ,it can't be seen on H1 ,now the open of this hour is a bear problem this h12 its a fresh open right now as time goes on if holds it becomes stronger could be you associate that open with the sharp turn open prior {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #434,537
  • Jul 14, 2016 11:14pm Jul 14, 2016 11:14pm
GA retesting channel after strong bearish June candle off 2.035, looking for signs of rejection before thinking of a possible target below.
GU approaching my point of interest, on the channel/TL retest. Looking out for bearish signs also for next direction.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDWeekly1.png Size: 32 KB
Click to Enlarge Name: GBPUSDMonthly1.png Size: 36 KB
Come with me if you want to live....
  • #434,538
  • Jul 14, 2016 11:26pm Jul 14, 2016 11:26pm
Good morning (asia time) Theresa May Will make GBP/usd next 1.4xx because i'm stuck buy and she name like me "may" .... i'm just kidding lol

but now nearly high of Yesterday again and theresa said " Brexit means Brexit " maybe market accept brexit and recovery gbp soon
  • #434,539
  • Jul 14, 2016 11:53pm Jul 14, 2016 11:53pm
Quoting mayly-may
good morning (asia time) theresa may will make gbp/usd next 1.4xx because i'm stuck buy and she name like me "may" .... I'm just kidding lol but now nearly high of yesterday again and theresa said " brexit means brexit " maybe market accept brexit and recovery gbp soon
not soon, people who voted in favor of brexit have to pay its price!!!
  • #434,540
  • Jul 15, 2016 1:00am Jul 15, 2016 1:00am
First you say
Quoting TaoTrader
{quote} if you start on the lower time frame you will see an uptrend in this instance where there really is NOT one
Then you Say
Quoting TaoTrader
{quote} Yea it was still retracing up.
i wish i could understand you. GL though.
Anyways GU has found the Martingale top i predicted with my arrow charts. Lets see where it finds Bottom next. Happy Pippin
Trading Eternal...... Shiny & Chrome!!!!
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