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Cable Update (GBPUSD)

  • #442,041
  • Oct 2, 2016 1:00am Oct 2, 2016 1:00am
This of forexlive a chart showing Eur/Usd about to break above the 100 weekly sma, with some possible Euro buying this coming week meaning dollar weakness, could add some buying fuel to Cable. Even if Eur/Gbp advances there could be good Cable buying oppotunities when it hits Supply/Resistance areas...

I'm sure this has been noted by many who trade Eur/Usd....
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Don't Leave Money on the Table
  • #442,042
  • Edited 8:51am Oct 2, 2016 3:04am | Edited 8:51am
Strong down remain very active , there remains some correction chances at times or all time in any movements though , here 1.3550 just break now or later date ok too until the the extreme /lowest level or breakout remain hold 1.3300 or better weekly close-wise 1.3800 approximately towards the lowest level ever seen as 0.666!!!.so in this leg down my option is only one so far & next untill proved wrong " short at any top" not holding all trades though, use my old teckniques > set at be ( sl before it being set ) , tp & leave . take care
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #442,043
  • Oct 2, 2016 7:04am Oct 2, 2016 7:04am
Guys, would you say after Mrs May announcement, Gbp will push down?


Theresa May vows to trigger Article 50 by March and be out of the EU by early 2019 - The Telegraph
https://apple.news/A_6spvTs7TJ6X7oeAnJ1eTA
Money is a part of what turns you into who you are.
  • #442,044
  • Oct 2, 2016 7:36am Oct 2, 2016 7:36am
There are lot of technical analysis posted but what May thresa interview with Sun news today. Now what is expected to cable next week. As the article 50 is announced to trigger before the end march 2017 and biritIan will leave EU definately.
  • #442,045
  • Oct 2, 2016 8:57am Oct 2, 2016 8:57am
Ladies and Gentleman et al,

GBP Rally since no more brexit in Jan 2017 instead it would take 2019 (long wait errrr...., shorters better go long cable - GBPXXX pairs gonna make upmove fast)

British Prime Minister Theresa May said on Sunday that the U.K. would begin the formal process of leaving the European Union by the end of March 2017.

That means Brexit could happen in 2019.

Speaking on the BBC's Andrew Marr Show, May said: "The people have spoken; we will deliver on that."

Britain would trigger Article 50 of the EU treaty in the first quarter of next year, she said. That act will start the clock on two years of exit negotiations with the other 27 members of the group.
Scoobi doobi doo
  • #442,046
  • Oct 2, 2016 9:53am Oct 2, 2016 9:53am
looks like next week decides the short term future of cable .. either continuation of 4 week down-trendline or break/stay in channel and maybe possible run towards the upper channel trendline? Last week was exceptionally quiet so i expect some more volatility in October.
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  • #442,047
  • Edited 1:55pm Oct 2, 2016 10:12am | Edited 1:55pm
the union has evolved to a un accountable minority idealistic vision ,
its why I think UK reject ,
first opportunity UK vote leave in the face of economic adversity
a sort of bribery to link
I'm pretty shocked some who post really intelligent fundamentals would even consider that a high turn out referendum would be overturned or argued
PM says she can implement herself then I've no doubt that she can

Europe could be great if only it was what it should be
free trade
agreed military outlook ,any country attach another Europe state I know we would be there regardless
agreed climate control
things like this

but not one size fits all un accountable laws including Euro itself which has been damaging leaving counties at its mercy when it dose not fit

if pain is coming short term its worth it
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,048
  • Edited 11:30am Oct 2, 2016 10:30am | Edited 11:30am
free movement of people in itself has caused great problems as lesser economies join
the great economic migration is down to this policy they cling on to,who voted for that
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,049
  • Edited 11:31am Oct 2, 2016 10:49am | Edited 11:31am
this is rightly said ,what a farce anything else
we could be accused of inward looking ,id argue that

Britain’s housing shortage is so acute that first time house buyers are now 38-years-old, on average
The country is facing up to a housebuilding crisis. A decade ago, the Barker Review of Housing Supply noted that about 250,000 homes needed to be built every year to prevent spiralling house prices and a shortage of affordable homes.
That target has been consistently missed - the closest the UK got was in 2006-07 when 219,000 homes were built.
In May 2014, Mark Carney, governor of the Bank of England, complained that housebuilding in the UK was half that of his native Canada, despite the UK having a population twice the size

how about America
would they accept laws from Mexico
dose the US have the same capacity problem

Donald Trump wants to build an "impenetrable, physical, tall, powerful, beautiful, southern border wall" between the US and Mexico.
Mr Trump says his wall will cover 1,000 miles and natural obstacles will take care of the rest.

Quoting Scoobidoobi
Speaking on the BBC's Andrew Marr Show, May said: "The people have spoken; we will deliver on that." .
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,050
  • Oct 2, 2016 12:55pm Oct 2, 2016 12:55pm
Quoting Bones
this is rightly said ,what a farce anything else we could be accused of inward looking ,id argue that Britain’s housing shortage is so acute that first time house buyers are now 38-years-old, on average The country is facing up to a housebuilding crisis. A decade ago, the Barker Review of Housing Supply noted that about 250,000 homes needed to be built every year to prevent spiralling house prices and a shortage of affordable homes. That target has been consistently missed - the closest the UK got was in 2006-07 when 219,000 homes were built. In...
The point of fact of how much that you do not understand or can even contemplate on this vast subject matter, as a conjective opinion or even a subjective comparison greatly outways your ambition to being heard as informative but is instead overshadowed by your in-experience in this matter. In simplicity you really do not have a clue.
  • #442,051
  • Oct 2, 2016 1:42pm Oct 2, 2016 1:42pm
Quoting dean1star
... In simplicity you really do not have a clue.
If you can say to someone something like that then that means you know more then that person. What makes you so confident and knowledgeable on that particular matter?
  • #442,052
  • Oct 2, 2016 1:46pm Oct 2, 2016 1:46pm
GBPUSD is now 1.2908...
  • #442,053
  • Edited 11:13pm Oct 2, 2016 2:03pm | Edited 11:13pm
yea but i been right all along on this matter including the vote itself ,what you gotta do is put the counter argument ?? lets see your view
its not knowledge its a opinion from research and now we have the vote my opinion is with the majority
therefore I'm right haha

p.s if I'm copying the facts there right ,then we have to arrive at the conclusion with the opinion

I.E I know for a fact we don't build enough houses and that can't be countered with a simple we will
since we haven't since the last war
I could also state a fact why
the building land is not available in the south /east where migrants want to be

London remains by far the most popular destination, with 2.85 million living in the nation’s capital
The South East has also proved a popular destination for foreign migrants with 1,011,000 currently calling the region home. The area with the third-highest proportion of migrants was the East with 635,000 of its 5.9 million residents (11%) born abroad.

planning is so tight
without moving into the green belt ,out of urban areas
in other words build new towns over the countryside

in a nutshell huge migration helps business but has a big downside to the average worker & general living standards including services and housing in a finite island this is my opinion

I have no ambition regarding fundamental knowledge actually id advise against it ,trade the chart ,but clearly I feel strongly about this subject



Quoting dean1star
{quote} The point of fact of how much that you do not understand or can even contemplate on this vast subject matter, as a conjective opinion or even a subjective comparison greatly outways your ambition to being heard as informative but is instead overshadowed by your in-experience in this matter. In simplicity you really do not have a clue.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,054
  • Oct 2, 2016 2:09pm Oct 2, 2016 2:09pm
Quoting ruma29
GBPUSD is now 1.2908...
http://data.cnbc.com/quotes/GBP%3D

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  • #442,055
  • Oct 2, 2016 2:14pm Oct 2, 2016 2:14pm
1.2905 here on bloomberg

Would love an open here... my chart has 1.2899 and 1.29119 as numbers to go for longs... I'll stick to it, I already have longs from higher up, these ones will have tight stops 5-10 pips depending on level
  • #442,056
  • Oct 2, 2016 2:16pm Oct 2, 2016 2:16pm
So, we have a great gap down to 2900.

Very interesting proposition to come.

Best
D.P.
Hunting High and Low
  • #442,057
  • Oct 2, 2016 2:45pm Oct 2, 2016 2:45pm
I believe that gbpusd looks upwards. The EURUSD and Gold also
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  • #442,058
  • Oct 2, 2016 3:47pm Oct 2, 2016 3:47pm
Talk of gap down

Personally, I wouldn't know

but if so, then weekly hybrid or true, we have a break..

Monthly open below ascending TL

should have held my damn shorts



and where have the emotional characters gone??
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Come with me if you want to live....
  • #442,059
  • Oct 2, 2016 3:53pm Oct 2, 2016 3:53pm
I guess lower TF, watching green retest
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Come with me if you want to live....
  • #442,060
  • Oct 2, 2016 4:12pm Oct 2, 2016 4:12pm
daily pretty clear?
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Come with me if you want to live....
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