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Cable Update (GBPUSD)

  • #438,901
  • Sep 3, 2016 1:09pm Sep 3, 2016 1:09pm
Shooting star on daily. Hope it will go back to 1.31 zone cause i have few shorts there.
  • #438,902
  • Sep 3, 2016 1:29pm Sep 3, 2016 1:29pm
Quoting Bones
cad lfx has closed over a major pivot {image} {image} {image}
Thanks, Bones

This is probable the most beuatiful picture for me.

We are about to test the high.

Best
D.P.
Attached Image
Hunting High and Low
  • #438,903
  • Sep 3, 2016 1:54pm Sep 3, 2016 1:54pm
if $ is bearish ...
oil goes up adds to Crazy Carneys problem ,inflation
Attached Image (click to enlarge)
Click to Enlarge Name: quarterly Oil - Brent Crude (DFB).png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,904
  • Sep 3, 2016 2:10pm Sep 3, 2016 2:10pm
Quoting Bones
if $ is bearish ... oil goes up adds to Crazy Carneys problem ,inflation {image}
Carney's problems
1 Inflation
2 GDP growth
3 Brexit
4 Political Turmoil
  • #438,905
  • Sep 3, 2016 2:37pm Sep 3, 2016 2:37pm
Quoting elbert3
{quote} Looks like I am now I can't beleive what I did lol if it goes back to 3200 I will kick myself . So just the one trade for now not planning today as I have a hangover from the wedding party 😎😎😎😑
Lol, do what I do , if ya keep drinking ya dont get a hang over
  • #438,906
  • Sep 3, 2016 3:16pm Sep 3, 2016 3:16pm
Quoting Bones
if $ is bearish ... oil goes up adds to Crazy Carneys problem ,inflation {image}
But this is the 9 months' pin bar, is not it?

Best
D.P.
Attached Image
Hunting High and Low
  • #438,907
  • Sep 3, 2016 3:29pm Sep 3, 2016 3:29pm
yea or highly probable Q morning star ,oil will go up ,usd cad down
star being a super long wicked number,for the chart

Quoting Dr.Phoenix
{quote} But this is the 9 months' pin bar, is not it? Best D.P. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,908
  • Edited 3:43pm Sep 3, 2016 3:31pm | Edited 3:43pm
Weekly: 3 consecutive bullish candles, the first one was engulfing on rejection level.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.Weekly.png Size: 58 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.Daily.png Size: 65 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.H4.png Size: 62 KB
  • #438,909
  • Edited 3:47pm Sep 3, 2016 3:35pm | Edited 3:47pm
Carneys delved the pound further without knowing what Brexit details ,he's created inflation ,he can't lower rates further ,
his next move more like rates up
personally I don't see the uk leaving as a problem,I'm all for it

Quoting MXT
{quote} Carney's problems 1 Inflation 2 GDP growth 3 Brexit 4 Political Turmoil
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  • #438,910
  • Sep 3, 2016 3:39pm Sep 3, 2016 3:39pm
They have been readin my posts . This is from daily mail ....Was Carney too quick to cut interest rates? ALEX BRUMMER asks whether the Bank of England governor could be humiliatingly forced into yet another policy U-turn ?????? It is on the cards if so the big move to 5679 could be on and even to the 1.8200 now there Is a thing
  • #438,911
  • Sep 3, 2016 3:41pm Sep 3, 2016 3:41pm
weaker ,creates business ,you have to read this the next day after in the news

Quoting Bones
im not fundermental ,could b weaker helps that number {quote}
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  • #438,912
  • Sep 3, 2016 3:51pm Sep 3, 2016 3:51pm
Quoting Bones
Carneys delved the pound further without knowing what Brexit details ,he's created inflation ,he can't lower rates further , his next move more like rates up personally I don't see the uk leaving as a problem,I'm all for it {quote}
agreed, next move will be hiking rates again

Quoting elbert3
They have been readin my posts . This is from daily mail ....Was Carney too quick to cut interest rates? ALEX BRUMMER asks whether the Bank of England governor could be humiliatingly forced into yet another policy U-turn ?????? It is on the cards if so the big move to 5679 could be on and even to the 1.8200 now there Is a thing
yep think so too - a rate hike is on the cards, they can't see the mighty pound at 1.30 vs USD
  • #438,913
  • Sep 3, 2016 3:55pm Sep 3, 2016 3:55pm
The rate needs to be brought steadily back to 3 or 4 % to them create a more stable economy or we will get in trouble with over borrowing to the point of people paying off loans before they can eat . My always said . Don't spend what you don't have : and she was right after all she was a policeman?
  • #438,914
  • Sep 3, 2016 3:59pm Sep 3, 2016 3:59pm
Carney will be in front of parliament . Read parliament.uk . Good site for reference
  • #438,915
  • Sep 3, 2016 4:04pm Sep 3, 2016 4:04pm
Cameron was so sure to win the Referendum, i think he took a huge political gamble on that one - brexit really took everyone by surprise, even a couple of days before the polls were giving Remainers 2-3 points ahead

given the unexpected result, another u-turn in monetary policy could be the result
  • #438,916
  • Sep 3, 2016 4:05pm Sep 3, 2016 4:05pm
yep how can he control all these green numbers we seen lately
Attached Image (click to enlarge)
Click to Enlarge Name: inflation .png Size: 19 KB
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  • #438,917
  • Sep 3, 2016 4:08pm Sep 3, 2016 4:08pm
Quoting MXT
Cameron was so sure to win the Referendum, i think he took a huge political gamble on that one - brexit really took everyone by surprise, even a couple of days before the polls were giving Remainers 2-3 points ahead given the unexpected result, another u-turn in monetary policy could be the result
Thank you M. Your the first trader to respond in your way of thinking after all my posting about carney and now we see the posts become reality
  • #438,918
  • Sep 3, 2016 4:15pm Sep 3, 2016 4:15pm
Quoting elbert3
{quote} Thank you M. Your the first trader to respond in your way of thinking after all my posting about carney and now we see the posts become reality
thank You Elbert
  • #438,919
  • Sep 3, 2016 4:17pm Sep 3, 2016 4:17pm
Read pages 21882 to 886 I stand buy the posts but now we won't see 3100 below I hope
  • #438,920
  • Sep 3, 2016 4:25pm Sep 3, 2016 4:25pm
if theres no such brexit slow down , theres no need

Typically, the Bank of England would act against rising inflation by raising interest rates.
Higher interest rates tend to decrease the quantity of money coursing through the economy as spending is cut back, thereby lowering inflation.
However, such a move could exacerbate any slowdown in UK growth owing to Brexit-inspired uncertainty.
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