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Cable Update (GBPUSD)

  • #447,401
  • Jan 18, 2017 8:25am Jan 18, 2017 8:25am
Quoting bithedz
by Hand! not using robot teukacapture.png;2145479 {image}
nice stats .. nice one
  • #447,402
  • Jan 18, 2017 8:38am Jan 18, 2017 8:38am
Quoting Dr.Zain
{quote} Hi Billy How are doing!! yeh the pair rebounded from 2270, in 30 min time frame 20&50 MA crossed and it is still below that cross?
Doing very well at this time thanks , and you ? How are you . Regards B
  • #447,403
  • Jan 18, 2017 8:58am Jan 18, 2017 8:58am
Buy GBPUSD 1.2305 TP 1.2750 ..... Sell GBPUSD (1.2750) TP 1.1550
  • #447,404
  • Jan 18, 2017 9:15am Jan 18, 2017 9:15am
yea look ahead that's 2 years off

Quoting Spec_And
{quote} Same here. Looking at 1.27 and possibly much higher from there if that is broken. Sterling was the worst performing major last year and that occurred without a corresponding crash in UK inflation, jobs or the economy. Large specs are very short this pair, I wouldn't be surprised to see this rocket a thousand pips if Theresa May's brexit deal gets voted down in parliament.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,405
  • Jan 18, 2017 9:24am Jan 18, 2017 9:24am
In my opinion, no one here talks about the most important thing.

Parliament vote.

Will be there one or not ? And if, when ??

Is it a proposal or a fact ??
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  • #447,406
  • Jan 18, 2017 9:28am Jan 18, 2017 9:28am
Quoting Mr Breakout
The cable should now pullback to 1.2300 (at least), short at 1.24 (strong resistance area), 50 pip stop.
+100 pips, position has been closed at 1.23.

Now GBP/USD should resume its post-May-speech uptrend, at least for a while.
  • #447,407
  • Jan 18, 2017 9:30am Jan 18, 2017 9:30am
Quoting Toranaga
In my opinion, no one here talks about the most important thing. Parliament vote. Will be there one or not ? And if, when ?? Is it a proposal or a fact ??
Its a fact. Theresa May has committed to that, in any case the supreme court will most likely rule that any Brexit deal will have to go thru a parliament vote, like any other bill.

I think this dramatically lowers the risk of a hard brexit, regardless of Theresa May's rhetoric. Parliament will never agree to a deal that inflicts great harm on the British economy.
"Where you want to be is always in control, never wishing, always trading.
  • #447,408
  • Edited 9:54am Jan 18, 2017 9:35am | Edited 9:54am
the decision is not to do with deal only to issue 50 ,parliment wont stop it
They would have to vote against the referendum
the deal comes later ,May has only given outline plan UK end, that's it now
If the court rule next week then the bill will be light in detial


The Lord Chief Justice Lord Thomas put it in this way: "The sole question in this case is whether, as a matter of the constitutional law of the United Kingdom, the Crown - acting through the executive government of the day - is entitled to use its prerogative powers to give notice under Article 50 for the United Kingdom to cease to be a member of the European Union."
If it is upheld and the government is forced to bring in an act of Parliament to give it the authority to trigger our withdrawal from the EU, the timing and manner of Brexit is thrown into confusion.


Quoting Spec_And
{quote} Its a fact. Theresa May has committed to that, in any case the supreme court will most likely rule that any Brexit deal will have to go thru a parliament vote, like any other bill. I think this dramatically lowers the risk of a hard brexit, regardless of Theresa May's rhetoric. Parliament will never agree to a deal that inflicts great harm on the British economy.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,409
  • Jan 18, 2017 9:41am Jan 18, 2017 9:41am
Quoting MBTrading74
Buy GBPUSD 1.2305 TP 1.2750
I don't know about the 1.275 take profit but one thing is for sure, the cable has broken its downtrend line on the smaller time frames (here 5-min on this chart):
http://www.hostingpics.net/viewer.ph...1cable5min.png
  • #447,410
  • Jan 18, 2017 9:50am Jan 18, 2017 9:50am
Quoting Bones
the decision is not to do with deal only to issue 50 ,parliment wont stop it They would have to vote against the referendum the deal comes later ,May has only given outline plan UK end, that's it now If the court rule next week then the bill will be light in detial {quote}
They are one of the same thing. Theresa May can pretend that triggering article 50 and negotiating a deal are separate matters but who is going to buy into that? If she is going to consult parliament on the deal then parliament will want to know what kind of deal are they looking at IF article 50 is triggered.
"Where you want to be is always in control, never wishing, always trading.
  • #447,411
  • Jan 18, 2017 9:56am Jan 18, 2017 9:56am
So, my dear friends, the Parliament vote is only about accepting the negations by the Parliament ?

I should read it to the end, my fault.
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  • #447,412
  • Edited 10:15am Jan 18, 2017 10:02am | Edited 10:15am
How can they know the deal its 2 sided they are separate matters
Question for parliament is do the accept the referendum at this point
If it failed at Parliment like you suggest there would be a election which May would win
Your making out Parliment are going to go over the will of the citizens

Quoting Spec_And
{quote} They are one of the same thing. Theresa May can pretend that triggering article 50 and negotiating a deal are separate matters but who is going to buy into that? If she is going to consult parliament on the deal then parliament will want to know what kind of deal are they looking at IF article 50 is triggered.
Attached Image (click to enlarge)
Click to Enlarge Name: polls Screenshot 2017-01-18_18-12-26.png Size: 45 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,413
  • Jan 18, 2017 10:03am Jan 18, 2017 10:03am
Quoting Nala66
I don't care too much for the politics involved... I trade what I see not what I think may or may not happen.
Absolutely, that's the only to trade my friend, the rest is just cocktail conversation.
  • #447,414
  • Jan 18, 2017 10:27am Jan 18, 2017 10:27am
Quoting Mr Breakout
{quote} Absolutely, that's the only to trade my friend, the rest is just cocktail conversation.
Thats absolutely the wrong way atm to handle this Pair.

Dojis, head and shoulders, pull backs, backlashs etc and aso aso do not work property at the moment.

One fart from a official and the chart is screwed. What works are the simply round numbers and trend
lines on weekly. Have a look at the charts.

In my opinion.

Greets.
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  • #447,415
  • Jan 18, 2017 10:40am Jan 18, 2017 10:40am
Quoting Toranaga
pull backs etc do not work properly at the moment.
Really? I just earned 100 pips with the pullback from 1.24 to 1.23, a support area (price action-wise) but also an important Fibonacci level.

Why would sound technical analysis techniques stop working suddenly??
  • #447,416
  • Jan 18, 2017 10:51am Jan 18, 2017 10:51am
Hi T lets see it then

Quoting Toranaga
{quote} Thats absolutely the wrong way atm to handle this Pair. Dojis, head and shoulders, pull backs, backlashs etc and aso aso do not work property at the moment. One fart from a official and the chart is screwed. What works are the simply round numbers and trend lines on weekly. Have a look at the charts. In my opinion. Greets.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,417
  • Jan 18, 2017 11:09am Jan 18, 2017 11:09am
By the way Toranaga, of all the major currency pairs, the cable has the highest disrespect for trendlines, contrary to the well-behaved Yen for example.

In fact, GBP/USD spends most of its time producing false breakouts around any type of trendline.

And even if the breakout is real, the cable will then do anything to shake you out of the position.
Attached Image
  • #447,418
  • Edited 11:27am Jan 18, 2017 11:15am | Edited 11:27am
Quoting Mr Breakout
{quote} Really? I just earned 100 pips with the pullback from 1.24 to 1.23, a support area (price action-wise) but also an important Fibonacci level. Why would sound technical analysis techniques stop working suddenly??
I have no muse to persuade you. If you think so and are happy with your 100 pips today, then it is so.

Happy trading.

ps. It is not a miracle to make 100 pullback pips after a rally from 1.20 to 1.24.
Ending on a ROUND number. See my post from yesterday.

Attached Image (click to enlarge)
Click to Enlarge Name: congs.jpg Size: 42 KB
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  • #447,419
  • Jan 18, 2017 11:18am Jan 18, 2017 11:18am
Let's get a bit light hearted guys .
let's get ready to rumble
  • #447,420
  • Jan 18, 2017 11:23am Jan 18, 2017 11:23am
short @ 1.2289
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