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Cable Update (GBPUSD)

  • #442,381
  • Oct 4, 2016 6:07am Oct 4, 2016 6:07am
GBP/USD is oversold on several parameters
  • #442,382
  • Oct 4, 2016 6:10am Oct 4, 2016 6:10am
#GBPUSD stopped out of pound @ 1.2797 for a minor loss..... on the sideline for now waiting to see what pound wants to do after taking out 7-6-16 low

Is it a bear trap or is it going lower? time will tell

Kudos to those that are short
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #442,383
  • Oct 4, 2016 6:27am Oct 4, 2016 6:27am
Quoting el_duende
{quote} It was a veiled threat within Mrs Mays speech.
interesting observation, never thought of that. she also listed a bunch of other things: 5th largest economy in the world, etc. i guess it's all for sending out signals to her EU counter-parties, i.e, trade is a two way street.

imho, the problem is the uncertainty as no one has exit eu before and it's messy to extricate from a 40-year relationship. business of all kinds surely hates uncertainties.
  • #442,384
  • Oct 4, 2016 6:36am Oct 4, 2016 6:36am
Yep both sides playing hard ball purely to have a good stance at the negotiating table. It wouldnt surprise me if further down the line the Tories with regards to Brexit will make comparisons of May to Thatcher. A woman not for turning.
  • #442,385
  • Oct 4, 2016 6:37am Oct 4, 2016 6:37am
Quoting el_duende
Yep both sides playing hard ball purely to have a good stance at the negotiating table.
Where is the Love????

Inserted Video
Don't Leave Money on the Table
  • #442,386
  • Oct 4, 2016 6:41am Oct 4, 2016 6:41am
Its absolutely fascinating stuff Id love to be a fly on the wall at the negotiations.
  • #442,387
  • Oct 4, 2016 6:43am Oct 4, 2016 6:43am
Quoting HaLBot
{quote} It's a book by Graham Greene and it became a film.....To understand what the americans were doing in Vietnam in the 50s before they took over control of South Vietnam.... I haven't read the book but I saw the film.....really disturbing
Ok. Books are not my strong...
Try don't lose pants never...
  • #442,388
  • Oct 4, 2016 6:46am Oct 4, 2016 6:46am
Gamble time, all in day...rich or not.
  • #442,389
  • Edited 7:55am Oct 4, 2016 6:49am | Edited 7:55am
your right ,
Europe wont escape the fall out though ,lower is better for business lots of countries look to devalue
numbers don't lie ,current account down over a billion in last Q
less holidays to Europe ,less german cars on the road we are EU s biggest single customer,bigger than USA
thier taking a costly stance so far in the name of a vision thats flawed , but their unaccountable
free movement dose not work if economies are not equal
definatly for UK ,why are their camps in Calais whats up with France lol

"They do not treat us like humans, they treat us like animals' why refugees in Calais are so desperate to reach Britain"
The opinion among the Jungle inhabitants we spoke to is that in Britain they will be treated with common decency, respect, and not made to live in such deplorable conditions.

maybe we just too friendly

the fall out could be next years elections when the people have their say

Quoting baldmonk
{quote} interesting observation, never thought of that. she also listed a bunch of other things: 5th largest economy in the world, etc. i guess it's all for sending out signals to her EU counter-parties, i.e, trade is a two way street. imho, the problem is the uncertainty as no one has exit eu before and it's messy to extricate from a 40-year relationship. business of all kinds surely hates uncertainties.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,390
  • Oct 4, 2016 6:53am Oct 4, 2016 6:53am
Might not be exact and efficient, but this is what I expect from GBPUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-ProDaily_04102016.png Size: 32 KB
  • #442,391
  • Oct 4, 2016 6:54am Oct 4, 2016 6:54am
Quoting fontu
{quote} ok perhaps , so wish it below 1.2600 this time. take care
It's too early to tell whether it will reach 1.2600, but I think that considering that the pair broke below the previous low at 1.2788 and it's still very bearish we'll see it reach 1.2700 soon.
  • #442,392
  • Oct 4, 2016 6:58am Oct 4, 2016 6:58am
Quoting Sammih
{quote} how about targeting the 1.38 rather than 1.23. Even 1.5 is very achievable in the near term, especially if today closes below 1.0
Hi Sammih, sorry just had to duck out for a bit. Yeah it looks very bearish long term to me but if it reaches my target I see reasons (chart) for a retrace so will reload if it happens. If not then will wait for next set up. Will be watching 1hr chart if that occurs.
Come with me if you want to live....
  • #442,393
  • Oct 4, 2016 7:11am Oct 4, 2016 7:11am
I have same channel H12 ,the open of the monthly if it held this week could well be a bullish nightmare this month
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 gbp USD month (DFB).png Size: 33 KB
Click to Enlarge Name: USD h12 (DFB).png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,394
  • Oct 4, 2016 7:38am Oct 4, 2016 7:38am
expect a great rise from here...
  • #442,395
  • Oct 4, 2016 7:39am Oct 4, 2016 7:39am
Quoting kk300
expect a great rise from here...
Yep I'm expecting it too.....

However sellers may be capping this sucker.....

All talk has been Brexit this and Brexit that but forgetting that this move down is also Dollar demand driven...
Don't Leave Money on the Table
  • #442,396
  • Oct 4, 2016 7:41am Oct 4, 2016 7:41am
if i am right.. than its going to happen soon..
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPmH4.png Size: 34 KB
  • #442,397
  • Oct 4, 2016 7:44am Oct 4, 2016 7:44am
Quoting HaLBot
{quote} Yep I'm expecting it too..... However sellers may be capping this sucker..... All talk has been Brexit this and Brexit that but forgetting that this move down is also Dollar demand driven...
on the move
  • #442,398
  • Oct 4, 2016 7:44am Oct 4, 2016 7:44am
Quoting kk300
if i am right.. than its going to happen soon.. {image}
Eur/Gbp at 3 year highs.....
Don't Leave Money on the Table
  • #442,399
  • Oct 4, 2016 7:47am Oct 4, 2016 7:47am
Quoting kk300
{quote} on the move
Would have to be some strong buying to believe it's on the move up IMHO.....
Don't Leave Money on the Table
  • #442,400
  • Oct 4, 2016 7:47am Oct 4, 2016 7:47am
Quoting HaLBot
{quote} Eur/Gbp at 3 year highs.....
yes... a break above would create another story...
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