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Cable Update (GBPUSD)

  • #446,221
  • Dec 3, 2016 7:01am Dec 3, 2016 7:01am
Look at what Fridays close is telling me on the 30 min chart.
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  • #446,222
  • Dec 3, 2016 7:02am Dec 3, 2016 7:02am
are you sure ?its up
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Click to Enlarge Name: xe 3 Dec 2016 01-02-24.png Size: 72 KB
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  • #446,223
  • Dec 3, 2016 7:32am Dec 3, 2016 7:32am
Quoting Bones
are you sure ?its up {image}
Now 1.2747
  • #446,224
  • Dec 3, 2016 7:34am Dec 3, 2016 7:34am
Quoting pipsandbits
So you guess that after italian referendum, that looks that a "NO" will create an hurricane in Europe, and seems the result, it will not affect to GBP against USD? I doubt. Anyway now the price at this moment is 1,275 on saturday (+30 pips up). But tomorrow starts the show.
Uhm, I personally don't believe the italian referendum and austrian elections will affect GBP that much.
Eyes are on EUR imo...
Ok a tank in the united shit currency could eventually give some GBP strength (flows in EUR /GBP).
On the other side, a fly in EUR could eventually make GBP retrace via flows in EUR GBP.

But a direct connection and correlation between EUR and GBP was lost some long months ago, far before the brexit.
If there is still a direct connection and correlation in them, the one who is late atm is the EUR....... with a cable rate 1.27, the Euro should be somewhere near parity, as it was near 1.35 when cable was 1.60, near 1.40 when cable was 1.70, near 1.20 when cable was 1.40 and so on...

I would not be underestimating the magnitude of parity when we are so near it (1.05).

My advice is: stay out of the EUR until the first reaction will show! there is no need to buy it at market open thinking it will go up, nor selling it thinking it will go down.

What is 100% guaranteed is that at the beginning of the week, we will see some strong action in EUR, and that there will be good opportunities later.
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  • #446,225
  • Dec 3, 2016 7:39am Dec 3, 2016 7:39am
yea what source ,xe say flat line

Quoting pipsandbits
{quote} Now 1.2747
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  • #446,226
  • Dec 3, 2016 7:44am Dec 3, 2016 7:44am
What everybody see in the EUR USD chart (check the web) is this:
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Click to Enlarge Name: Chart_EUR_USD_Weekly_snapshot.png Size: 29 KB
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  • #446,227
  • Dec 3, 2016 7:51am Dec 3, 2016 7:51am
Quoting _BBKing_
{quote} Uhm, I personally don't believe the italian referendum and austrian elections will affect GBP that much. Eyes are on EUR imo... Ok a tank in the united shit currency could eventually give some GBP strength (flows in EUR /GBP). On the other side, a fly in EUR could eventually make GBP retrace via flows in EUR GBP. But a direct connection and correlation between EUR and GBP was lost some long months ago, far before the brexit. If there is still a direct connection and correlation in them, the one who is late atm is the EUR....... with a cable...
For sure the big movement on monday will be on euro. But looking at coming events I cannot see an straight and clear sharp movement north.
https://www.poundsterlinglive.com/us...chnicals-jones
  • #446,228
  • Dec 3, 2016 7:54am Dec 3, 2016 7:54am
What I question is:

if this below was a 15minutes chart, would you be trading price in this exact configuration? Or would it be better to wait if it will be hitting nearest demand or breaking nearest supply?

The only difference here is about timing, price range (it's a quarterly chart (btw... quarter and 6months closes in 25days)) and some psychological aspect like "I don't want to miss the opportunity" , the need to be IN, the pressure to have an outcome from the running position, the thousands questions in your mind .

At this particular technical point, price can fuck both directions, no matter any line, indicator, historical level nor anything.
Just let it be if you can, then eventually later next weeks there will be new opportunities.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_3 Months_snapshot.png Size: 44 KB
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  • #446,229
  • Dec 3, 2016 7:57am Dec 3, 2016 7:57am
Quoting pipsandbits
{quote} For sure the big movement on monday will be on euro. But looking at coming events I cannot see an straight and clear sharp movement north. https://www.poundsterlinglive.com/us...chnicals-jones
Who is Karen Jones? God?
Nobody knows anything. Believe me. It's just media, talks, politics, shits, money.
Maybe they are long with 500K LOTs in GBP and overexposed.
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  • #446,230
  • Dec 3, 2016 8:01am Dec 3, 2016 8:01am
Also, what about any stoploss if for some reasons price opens straight 250 pips below actual weekly low?

Will your broker liquidate the position at price opening or will it just be an "unfilled" order which will keep being re-submited till one day equity ends or till price meets again with your stop loss line?

If I had a running position in EUR I would have took care about this aspect before week ending time

Hope everybody did
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  • #446,231
  • Dec 3, 2016 8:19am Dec 3, 2016 8:19am
Quoting _BBKing_
Also, what about any stoploss if for some reasons price opens straight 250 pips below actual weekly low? Will your broker liquidate the position at price opening or will it just be an "unfilled" order which will keep being re-submited till one day equity ends or till price meets again with your stop loss line? If I had a running position in EUR I would have took care about this aspect before week ending time Hope everybody did
You think with a long open yesterday, we can hit (GBPUSD of course) a "stoploss"/"gap" 250 pips below?!

Cause Italian referendum?

Do you know what is this italian referendum, only BS!

brexit+nfp+fundamental+TA= gbpusd it's only the only pair to try reverse, some cents, at this time.

EURUSD it's a fake pair for liar EA/SYSTEM vendors.
  • #446,232
  • Dec 3, 2016 8:27am Dec 3, 2016 8:27am
fair warning news is to confuse go research all you need ,retail fundamentalists are mostly wrong unless you have a banks resource
go forward thinking the sellers exit at that support until you see it break

Quoting Bones
I'm serious we at bonesfxbetterthanmostsignalproviders.com.uk advise to look at the open early on also check the posted bonesometer {image} {image}
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  • #446,233
  • Dec 3, 2016 8:30am Dec 3, 2016 8:30am
its banks that drive this they do that aspect they look further forward than you can imagine how else can higher high tf work, thats where they are
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  • #446,234
  • Dec 3, 2016 8:31am Dec 3, 2016 8:31am
Quoting MarkoTrd
{quote} You think with a long open yesterday, we can hit (GBPUSD of course) a "stoploss"/"gap" 250 pips below?! Cause Italian referendum? Do you know what is this italian referendum, only BS! brexit+nfp+fundamental+TA= gbpusd it's only the only pair to try reverse, some cents, at this time. EURUSD it's a fake pair for liar EA/SYSTEM vendors.
Hello, no no!! Sorry!!! Was reffered to the EUR USD!
I mean... mine was a question like "what if EUR opens tomorrow 250 pips below actual week low?"

And yes, totally agree about the EUR indeed is not an instrument I trade at all. I just do not perceive it correctly. Fucked me a lot of times so I gave up.
Some people does... Good for them!

My point anyway, about the EUR, can be summarize in few words: "do not trade it now!"
Could be the elections + referendum will have no effects at all, but could also be a giant fuck move to clear the whole area.
So since the probabilities are pretty the same, I would prefer staying away a bit then eventually trade new opportunities to come later in next weeks
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  • #446,235
  • Dec 3, 2016 8:49am Dec 3, 2016 8:49am
Cable quarterly chart levels above actual price rate

1.28 prev(1) low
1.29 open
1.31 prev(2) low
1.33 prev(1) open
1.35 2009 low

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_3 Months_snapshot.png Size: 13 KB


Let's see where will close 2016
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  • #446,236
  • Dec 3, 2016 8:55am Dec 3, 2016 8:55am
Euro was a big problem, but specially last half year. First brexit, later an unexpected dollar after Trump victory, now Italy referendum, and also like in Austria, lots of anti euro parties from many countries having chance to win the next elections. Also Fed decision in a few days. So not a nice picture for Euro short-mid term. But the main point is if it will affect to Pound, or not. And I think a key day is tomorrow. If the pair goes north only Fed could stop the swing, if goes south, after Fed we could see new lows. This is my view.
  • #446,237
  • Dec 3, 2016 9:00am Dec 3, 2016 9:00am
Quoting pipsandbits
Euro was a big problem, but specially last half year. First brexit, later an unexpected dollar after Trump victory, now Italy referendum, and also like in Austria, lots of anti euro parties from many countries having chance to win the next elections. Also Fed decision in a few days. So not a nice picture for Euro short-mid term. But the main point is if it will affect to Pound, or not. And I think a key day is tomorrow. If the pair goes north only Fed could stop the swing, if goes south, after Fed we could see new lows. This is my view.
Court Hearing over Article 50 sstarts tomorrow .
More info at telegraph newspaper
  • #446,238
  • Dec 3, 2016 9:07am Dec 3, 2016 9:07am
GU (OTC) now is 1.263
should we'll see gap closing by market open .
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  • #446,239
  • Dec 3, 2016 9:12am Dec 3, 2016 9:12am
Quoting Hairi
GU (OTC) now is 1.263 should we'll see gap closing by market open . {image}
Where can I access that data?

Thanks
  • #446,240
  • Dec 3, 2016 9:26am Dec 3, 2016 9:26am
Quoting Hairi
GU (OTC) now is 1.263 should we'll see gap closing by market open . {image}
source please?
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