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Cable Update (GBPUSD)

  • #442,561
  • Edited 10:36am Oct 5, 2016 10:14am | Edited 10:36am
Hi, today I will not bite ...
My analisys on the subject ...

If price holds on the 1.2745/1.2795 channel (my calculated support-zone), then (and only if price holds without down moves), if trends up in the Hour/4 Hours Timeframe ... buy until 1.2820/1.2850 ... price-levels to watch/exit-points 1.2860, 1.2970, 1.3050 ...

Medium Risk ... TP at 1.2860
Medium/High Risk ... TP at 1.2970
High Risk ... TP at 1.3050

If you are long ( with enouth equity to hold-on ), and trying to get out ... use this setup to averaging down avr-price of longs.
... and get out as soon as you can, or be eaten alive ...

Att: This is a analisys made in the 4H chart ... dates ( Last-High 2016.09.06 to Today ), and can take 2 to 5 days (Trading Days) for price-levels to get hit ... it's not a 15 min strategy.
Don't swim with the sharks ...
  • #442,562
  • Edited 12:50pm Oct 5, 2016 10:45am | Edited 12:50pm
btw way the vote is not a class/intelligence thing as such
its about who directly benefits and who dosen't ,just so happens average man is dose not feel it

Universaties get 100s of millions people connected =pro
Big business gets cheap easy labour and are able to corner markets ,are able to lobby to get the results they want to cut competition their =pro
Politicians get the potential gravy train=pro

Scotland= EU winner
who have no land problem and probably need immigration

“The membership fee also includes an EU aid element that Scotland is obliged to spend anyway, if we don’t give it to the EU as part of the membership fee this amounts to approximately £65.6m. So taking the net membership fee to Scotland of £275.2m, and subtracting the private sector and the aid money benefit, we find the net cost to Scotland of £97.6m and so the net overall financial benefit to Scotland from EU membership is approximately £2.142bn per annum.”
He added: “It’s important to note that the EU plays an important role in redistributing the UK’s membership fees away from London and the South East, in particular to the regions and nations that suffer from the UK’s generational London and South East economic bias.

"It gets really interesting when you start to look at the EU membership fee and spending in Scotland. Scotland’s population share (8.2 per cent) of the pre-spend UK 12.9bn membership fee is 1.058bn, but EU annual spend in Scotland is 782.6 million. This means that with only 8.2 per cent of the UK population Scotland earns 17.4 per cent of the EU spending for the whole of the UK."

"It could be said that Scots do not seem to be "pro" immigration but they do appear to less "anti".
Scotland has had historically low levels of inward migration and is generally not as densely populated as England.
A decade ago Scotland had the fastest falling population in Europe, with the birth rate at an all-time low and more people leaving the country than were arriving from overseas."
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,563
  • Oct 5, 2016 10:52am Oct 5, 2016 10:52am
so last US news was very positive & price can't break 1.288 yet & now may decide the next market action ,"do what doing before". but waiting settle all dust for any new action .target remains low yet & for it 1.2700/1.2650 specially need break first . so test them !take care , fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #442,564
  • Oct 5, 2016 11:06am Oct 5, 2016 11:06am
#GBPUSD 2 levels I'm watching to buy if there is a FNL... 1.2684 & 1.2666 looking for a retest of these 2 levels for me to go long
Attached Image (click to enlarge)
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"W. D. Gann said that time is the most important factor among all things."
  • #442,565
  • Oct 5, 2016 11:19am Oct 5, 2016 11:19am
GU Long 1.2740 Target 1.2770
Just 20 pips a day to riches
  • #442,566
  • Oct 5, 2016 11:24am Oct 5, 2016 11:24am
Extremely bad and choppy day, across all pairs. Can't believe that adp + ism in the beginning of October create this intraday crazy zig zag action.
  • #442,567
  • Edited 12:12pm Oct 5, 2016 12:00pm | Edited 12:12pm
cable is at bottom of channel ,see d1close
GBP data continues good
if it bounce off near tl again retrace is on ,or close bullish

Quoting Bones
2 dailies are similar ,length and upper wick maybe another lower wick will be seen ,but lower before any potential tests /retrace $ seems to have woken on the bullish side of the bed from a week long snooze {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h12 USD (DFB).png Size: 32 KB
Click to Enlarge Name: eur gbp d1 (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,568
  • Oct 5, 2016 12:06pm Oct 5, 2016 12:06pm
Quoting lcast
Hi, today I will not bite ... My analisys on the subject ... If price holds on the 1.2745/1.2795 channel (my calculated support-zone), then (and only if price holds without down moves), if trends up in the Hour/4 Hours Timeframe ... buy until 1.2820/1.2850 ... price-levels to watch/exit-points 1.2860, 1.2970, 1.3050 ... Medium Risk ... TP at 1.2860 Medium/High Risk ... TP at 1.2970 High Risk ... TP at 1.3050 If you are long ( with enouth equity to hold-on ), and trying to get out ... use this setup to averaging down avr-price of longs....
3050 would break the 4 hour top tl .regards
  • #442,569
  • Oct 5, 2016 12:14pm Oct 5, 2016 12:14pm
Quoting jsphshi
{quote} Hi Its on Oanda tools
thanks i got it here
https://www.oanda.com/forex-trading/...rrency-heatmap
  • #442,570
  • Oct 5, 2016 12:15pm Oct 5, 2016 12:15pm
Quoting Bones
you can't have more referendums on the referendum or the outcome to leave , Its too late to start adding choices or detail ,now we have to trust politicians like at all other times you can't negotiate without applying article 50 ,once is done by March next year theres no going back your all way off base to think May dosen't know she has a legal right ,theres no legal challenge against the people the highest force Its like one in a million worth a go pot shots to take the government to court on this May has handled this in the very best way by staking...
ONLY A FOOL...

On your points.. Well yes and no. But for now absolutely YES.. no going back.
But ONLY A FOOL would buy a car or a house or a cup of coffee without knowing its COST/PRICE.
Now we all bought Brexit on a bunch of pretty hairy "Estimates" and assurances?
So BEFORE we Sign-Off on the deal.. in 2 years time WHY do we not have chance to APPROVE of the PRICE/COST?
Neither you nor I are Fools, or would accept that in a business deal?
So why should we do it when the future of our nation, our families, our children and friends are at stake.

Seems reasonable to me?
Unless of course you trust politicians?
  • #442,571
  • Oct 5, 2016 12:17pm Oct 5, 2016 12:17pm
Quoting elbert3
{quote} 3050 would break the 4 hour top tl .regards
Sorry friend, my 4 hour top is at 1.3057 ... ( 29.09.2016 ) ... But that price is only half way up ... Quote:"This is a analisys made in the 4H chart ... dates ( Last-High 2016.09.06 to Today )" ...
This Last-High (4 hour) is 1.3444 in my chart ...

I belive that your highs may be diferente, brokers must be also ...
If you feel more safe, you can cut 5/10 pips in all exit-points ...

All the best to you ...
Don't swim with the sharks ...
  • #442,572
  • Oct 5, 2016 12:25pm Oct 5, 2016 12:25pm
no I don't trust any of them your right
in one way what you say makes sense ,but the potential ugliness means it can't happen this way
end of day times we have no choice ,if government wants to take us to war so be it
later the price of decisions will be paid by the voter
which is the problem Europe ,next year is the cruncher what do the people think really
only by elections can we gauge


Quoting cliffedwards
{quote} ONLY A FOOL... On your points.. Well yes and no. But for now absolutely YES.. no going back. But ONLY A FOOL would buy a car or a house or a cup of coffee without knowing its COST/PRICE. Now we all bought Brexit on a bunch of pretty hairy "Estimates" and assurances? So BEFORE we Sign-Off on the deal.. in 2 years time WHY do we not have chance to APPROVE of the PRICE/COST? Neither you nor I are Fools, or would accept that in a business deal? So why should we do it when the future of our nation, our families, our children and friends are at...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,573
  • Oct 5, 2016 12:44pm Oct 5, 2016 12:44pm
Quoting Bones
no I don't trust any of them your right in one way what you say makes sense ,but the potential ugliness means it can't happen this way end of day times we have no choice ,if government wants to take us to war so be it later the price of decisions will be paid by the voter which is the problem Europe ,next year is the cruncher what do the people think really only by elections can we gauge {quote}
I respect your points but I profoundly disagree.
If something doesnt make sense. It doest make sense.. It doesnt get better by giving in?
Just like Brexit is Brexit. And that it is. But NOT on ANY TERMS.

As to UGLINESS?
Screw that.. Ive walked out of enough crooked deals in my life to know that being afraid to face up to BS is any answer.

Im not against Brexit. Im just against Brexit at ANY PRICE.
And your prescription is not one I believe any red-blooded Briton would stand for.
  • #442,574
  • Oct 5, 2016 1:03pm Oct 5, 2016 1:03pm
Quoting cliffedwards
{quote} ONLY A FOOL... On your points.. Well yes and no. But for now absolutely YES.. no going back. But ONLY A FOOL would buy a car or a house or a cup of coffee without knowing its COST/PRICE. Now we all bought Brexit on a bunch of pretty hairy "Estimates" and assurances? So BEFORE we Sign-Off on the deal.. in 2 years time WHY do we not have chance to APPROVE of the PRICE/COST? Neither you nor I are Fools, or would accept that in a business deal? So why should we do it when the future of our nation, our families, our children and friends are at...
Would you then want Scotland to revisit the results of the referendum they held earlier?

KP
Do your homework, follow the footprints of smart money
  • #442,575
  • Edited 1:15pm Oct 5, 2016 1:03pm | Edited 1:15pm
it makes sense for May to do exactly what she is doing taking the vote and implementing it as promised

You have to believe it to do it talk hard otherwise we have the Cameron effect
as far as I'm concerned she's talking for the majority of UK red blood Britain's
and on the money its going to be popular with the majority

referendum on referendum dose huge damage to democracy it wont happen besides Mays made her mind up

don't forget the level of apathy we already have

Quoting cliffedwards
{quote} I respect your points but I profoundly disagree. If something doesnt make sense. It doest make sense.. It doesnt get better by giving in? Just like Brexit is Brexit. And that it is. But NOT on ANY TERMS. As to UGLINESS? Screw that.. Ive walked out of enough crooked deals in my life to know that being afraid to face up to BS is any answer. Im not against Brexit. Im just against Brexit at ANY PRICE. And your prescription is not one I believe any red-blooded Briton would stand for.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,576
  • Oct 5, 2016 1:15pm Oct 5, 2016 1:15pm
Quoting KeenPips
{quote} Would you then want Scotland to revisit the results of the referendum they held earlier? KP
Not what I want. I want a quiet life. and good market conditions to make $$ in.
Its what Scotland will want to do if the price/cost for them is too high..

The issue is so simple its business 101.
I just dont want to get screwed by a bunch of politicians of any political colour.

Would you authorise an agent to buy a property at auction with no limit?
Would you not want the opportunity to say "NO..TOO MUCH" if bidding went crazy?
I cant see how asking the voters if they are happy with the deal in 2 years is any big deal.
Its common sense.

And thats exactly how the Scots will view it too.
  • #442,577
  • Edited 1:43pm Oct 5, 2016 1:26pm | Edited 1:43pm
I'm thinking your comparison is not right my point back is governments make decisions on our behalf all the time
there no doubt our team is looking for a good deal ,only that all depends on everyone involved
clearly the Uk have voted sovereignty/ immigration control over any potential economic downturn
actually id argue that it could be a positive thing long term on lots of levels

scots prob have a right to another referendum I don't want them to leave but then if they think thats better so be it
all I say is the deal they have right now wont be nearly as good without the EU distributing back benefit their way and they could be very reliant on oil
without Englands back up

whats going to happen now EU lost one of the biggest contributors

Quoting cliffedwards
{quote} Not what I want. I want a quiet life. and good market conditions to make $$ in. Its what Scotland will want to do if the price/cost for them is too high.. The issue is so simple its business 101. I just dont want to get screwed by a bunch of politicians of any political colour. Would you authorise an agent to buy a property at auction with no limit? Would you not want the opportunity to say "NO..TOO MUCH" if bidding went crazy? I cant see how asking the voters if they are happy with the deal in 2 years is any big deal. Its common sense....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,578
  • Oct 5, 2016 1:27pm Oct 5, 2016 1:27pm
Quoting cliffedwards
{quote} Not what I want. I want a quiet life. and good market conditions to make $$ in. Its what Scotland will want to do if the price/cost for them is too high.. The issue is so simple its business 101. I just dont want to get screwed by a bunch of politicians of any political colour. Would you authorise an agent to buy a property at auction with no limit? Would you not want the opportunity to say "NO..TOO MUCH" if bidding went crazy? I cant see how asking the voters if they are happy with the deal in 2 years is any big deal. Its common sense....

For every choice, there's usually a price/cost to bear.

KP
Do your homework, follow the footprints of smart money
  • #442,579
  • Oct 5, 2016 1:30pm Oct 5, 2016 1:30pm
Quoting Bones
it makes sense for May to do exactly what she is doing taking the vote and implementing it as promised You have to believe it to do it talk hard otherwise we have the Cameron effect as far as I'm concerned she's talking for the majority of UK red blood Britain's and on the money its going to be popular with the majority referendum on referendum dose huge damage to democracy it wont happen besides Mays made her mind up don't forget the level of apathy we already have {quote}
@Bones.. Im sure your a nice chap, and I completely respect the integrity and honesty of your view but I hope your not in business.
I cant sugar coat my view on this reality...
ANYONE WHO CONTRACTS TO BUY SOMETHING WITH A CLOSING IN 2-3 YEARS, WITH NO IDEA OF THE COST, AND WITHOUT AN OPTION TO RECONSIDER THEIR COMMITMENT IS A FOOL.

REALLY. And absolutely NO offense intended.
Any other businessmen here will agree.

And I dont give a **** if its Mrs May (whom I admire) or Crobyn or Jack the Lad thats proposing this course.. its BS.
  • #442,580
  • Oct 5, 2016 1:31pm Oct 5, 2016 1:31pm
Quoting cliffedwards
{quote} Not what I want. I want a quiet life. and good market conditions to make $$ in. Its what Scotland will want to do if the price/cost for them is too high.. The issue is so simple its business 101. I just dont want to get screwed by a bunch of politicians of any political colour. Would you authorise an agent to buy a property at auction with no limit? Would you not want the opportunity to say "NO..TOO MUCH" if bidding went crazy? I cant see how asking the voters if they are happy with the deal in 2 years is any big deal. Its common sense....
Well worded. I agree with your solution.
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