Cable Update (GBPUSD)

HI evertone
I am posting here a useful indicator showing Supply Demand Zone

Thinking about mr bank manager ? Talk of a . 10 % base rate for UK why tell me why in fact why ? Bring back Mervin . If USD hike thieir rate them gb has to follow or we will se a desaster even the possible 1.1. Shame on you short sellers in the Bank of England i want to see a bounce at 3rd support and leave 3000 in the past for good UK ihas and always will be a force in FX o want a job in the bank in fact I want Carneys job . Then I could slap them all in the face with a very wet towel .

Expect a return to the 1.3083 levels. If support does not hold at this level, expect a run down to 1.3037 levels. Will be a good level to buy if price hovers at this (level). If not, 1.3011, 1.298.

If 1.3170 holds above, expect this pair to revisit 1.3256 . 1.3286, 1.3348, 1.342.

http://bit.ly/2bQMLQi

https://www.theguardian.com/business...interest-rtaes

The Bank of England may need to follow suit, however reluctantly, as the post-Brexit fall in sterling pushes up inflation while wages remain stagnant, cutting living standards and growth.
The final nail in the coffin would be a rise in US rates, triggering a rush of funds across the Atlantic, forcing the pound down further and inflation higher. Carney would be forced to switch tack, raising rates to stem the flow. Then he wouldn’t need to worry about the colour of his remedy pills: just the looming recession he will surely be blamed for.

Well that's about the size of it Bones you want to be. 2 nd in command ? Lol

Thanks B for posting that I have more or less been saying the same thing . I posted before the rate drop there was no reason for it and I bet you they still can't show the reason ? Carney has become the same as a d dealer they hold there supply of money get people addicted to spending money that they don't have . So they drop the rate to get them to borrow more ? Lol f .. Img crazy what he has done . So what happens ? The dealer sells the goods on tooooooo much credit then the addict still needs the fix but he cannot have any more goods ? And the dealer puts a penalty on the money . Still cannot pay the dealer sends in the heavys but in the the honest world ? They send in the bailiff or sherif to take away the goods to sell at any price to get his money back . Ever since the rates fell from 5% the people fell from being in control of their spending . Until the money borrowing became cheap . And this fall in house price might or will happen as the rate rise takes hold .

Next news ? Carney is brought before parliament by Mrs M at ? While Mr Cameron sits in his chair laughing at the mess . That is why he through the towel in . He said to himself : well you wanted it now sort it without me and see how far you get before the s..t hits the fan ? Sorry to go on guys but show me something to argue the case Regards E enjoy the rest of you bank hols

I'm remembering 3 years ago...a lot of people was LONG, now a lot of people are short, of course, it can drop a lot, but...with a good MM you can't LOSE this bet (of course don't follow my DEMO account).

Long, of course :-)

http://blogs.spectator.co.uk/2016/08...-still-around/ seams I am not the only one . The snow ball has started to roll ?

http://www.express.co.uk/finance/cit...urope-comments it's all over carney bring back Mervin

Gbp/Usd 4hr

http://blogs.spectator.co.uk/2016/08...roven-bluster/ do we look at the bigger picture and take no notice to the game players of our economy?

larger 1.3068/44 for longs on GU...

better RR looking at 1.2911/1.2888

hopefully we get down there this week... i still have 1.24x as a bear target minimal without 1.35xx being beaten,

1.2841 1.274/5 are last longs i will have... tight stops and largest lot size

i was waiting for 1.331/1.334 to go short, they didnt come so i am not in.... larger stilll i have 1.20x being met it may become invalid, will post when it sets up

Will there be a gap?

I am agree with you

Some posts above I said that the half of Weekly Initial Balance of the previous week was not hit. 1/2 Weekly IB was 31170; the price did not come to this level for only 5 pips. This fact give me a conclusion of what the price has been stopped. WHY? (Contra-Example - EU did broke out both of the 1/2 weekly IB and the value area low and went lower).

The second to be said is that we have the month end in two days; Monthly candle did not make the lower low, but, unfortunately, it did not make the higher high - we have inside bar. There are the following scenarious to be played: 1/ if the monthly candle closes above 33280, - the better one, - this is a strong bullish signal; 2/ if the candle closes at 32150 (the open price), - the good one, - this is a bullish signal as well, but it is weaker than the previous; at last, 3/ if we have the close price below the close price of the prevous month, we might go lower.
However any of these scenarios does not cancel what the price is about to go to the area of 33250 - 33700 (the high of the current month).

Additionally I have one more clue in order for me to be sure the price is about to try going higher to the mentioned area. This clue is a reference point of my system, and that's a horse of a different colour .

Best
D.P.

The move down is no more feasible ill be out at market open and BUY aiming for 1.3670

So, we do have a gap down to the area of 3110-3112.
The price is diving under the level of 31170, accumulating and going upper than this level.
I am almost sure we will expand the upper boundary of the Weekly IB of the 3279 price area.

Best
D.P.

1.3051 an 1.3037 may be good for longs