RF, I don't think H & S is pattern to rely on. I rely more on observation of micro movements and similarities of price movement from SNB debacle. I think that event most closely resamble what can be expected now.
Will change my mind if price movement won't fit to that anymore. Also speculators sentiment index shows that despite most speculators are long on cable, percentage is falling so there may be fuel for a rise after a while.
As long as circumstances doesn't change.
tokyo joyya 04:56:48 GMT - 06/28/2016
bali sja 04:45 GMT 06/28/2016
i am also long gbp no worry....gbpjpy target 148/153 gbpusd 1.45/1.5 then short.....eurjpy target 120/125...audjpy target 82/90...
bali sja 04:45:24 GMT - 06/28/2016
RF@, take your pills and shut up! you were screaming for a straight 1.30 and we went long for 1.40 area, now bring it down to your whatever 1.27, i am happy to buy it from you this week as mentioned last week, dont talk your amateurish TA censored to me
Bali Sja 08:47 GMT June 24, 2016
Thank You Britain: Reply
Out of pound long here 1.3923. Reload next week. Buy on dips for cable. I am with joyya.
Bali Sja 08:30 GMT June 24, 2016
Thank You Britain: Reply
The worst is OVER. What will make pound at 1.32 again?? Only positive for pound from now on. BOD imho, looks like it will be kept above 1.35.
Bali Sja 08:09 GMT June 24, 2016
Thank You Britain: Reply
Lucky didnt follow that erratic call for 1.30 after it has fallen down. Things do not go in a straight line, they say. Play the bounce.
HK RF@ 04:30:35 GMT - 06/28/2016
You better take a look at the chart I posted this morning, that indicates pound may move to at least 1.27xx.
At least I post some T.A. but you are just talking permanently your book.
It will not work, as the market will not do what you want or wish!!!
Better cut your losses and reset your mind! GL/GT
tokyo joyya 04:22:17 GMT - 06/28/2016
cable most likely start up trend from 1.30plus gbpjpy too
bali sja 04:15:41 GMT - 06/28/2016
you have a history of over reacting to movements in market, need to calm down a bit, it is not moving in a straight line
you are just finding articles to support your views
take your pills and chill down pal
HK RF@ 04:03:25 GMT - 06/28/2016
If you were indeed a reader, you should press on the link I attached to my post, so I attach it again for you.
So you will learn whose view is it!!!
So open the link below.
Now refer your medical advice to the analysts who wrote this article!
time will tell no need to fight..parity also possible why not bfore that nice up move 1500/2500pips......
bali sja 03:56:42 GMT - 06/28/2016
1.30 is not parity, i will be happy to buy it from you there
HK RF@ 03:54:46 GMT - 06/28/2016
Talking your books, is no indicator.
When we shall be at 1.30 I shall post your posts, hope you will not be in need of cardiac support by then.
bali sja 03:52:26 GMT - 06/28/2016
parity by end 2016? you are tripping balls mate
dont wet your pants yet
always get overexcited...forget the medicine again?
Mtl JP 22:30:40 GMT - 06/27/2016
RF@ 19:25 sounds like a mother-of-trade opportunity to backup the 10-wheeler and load it up, even at current 1.32-ish. Takeout a 2nd mortgage as well to really juice from the situation.
Naturally caution should be thrown into the wind under these circumstances.
Ldn Cashman 19:53:41 GMT - 06/27/2016
My last comment on the subject. With regards "project fear". Not many people mentioning that Carney is an ex-Goldman employee. Doom and Gloom before the vote. Funny isn't it that Goldmans were one of the main donors of the Remain campaign.
Ldn Cashman 19:49:47 GMT - 06/27/2016
And the FTSE is down about 5.5 pct since the vote. Doesn't seem as though the sky has fallen in to me. Franklin Templeton , one of the largest investment managers in the world announced that they were overweight in UK equities going into the vote. I'm sure they're not stupid.
Maribor19:39:52 GMT - 06/27/2016
RF, range is narrowing in cable and rate keeps returning to the middle. My scenario is that movement will start after end of the day during night time and it may go so far up that all would be just shorting (and be wrong again)...
HK RF@ 19:25:13 GMT - 06/27/2016
I am afraid to say, that we are in a runaway almost out of control deteriorating relations among the parties involved in the BREXIT event.
The strength of the USD, is curbing everything; Even gold and JPY.
Not a very normal and pleasant situation.
Trying not to be too smart in picking bottoms.
Ldn Cashman 19:25:05 GMT - 06/27/2016
Parity ? Come on a bit of sense please.
Ldn Cashman 19:24:13 GMT - 06/27/2016
The way the press are talking it seems as everyone is surprised Sterling as taken a hit after the Brexit vote. To be honest I think it has been relatively orderly. If somebody had said prior to the vote where they thought cable would be on a Brexit vote I'm sure 1.30 wouldn't be out of the question. I think it's the fact that everyone is running round like headless chickens after the capitulation from 1.50 when most of the players were wrong footed.
Maribor19:17:51 GMT - 06/27/2016
I love this kind of extrapolation. It is common exactly on market extremes like this one with cable.
Careful observation of cable movement lead me to believe we are already past bottom (1,31181). Now it is just time for accumulation and patience and yes, my account suffered in large extent during last moves.
HK RF@ 18:43:42 GMT - 06/27/2016
Investors should prepare for the British pound to hit parity with the U.S. dollar by the end of the year or early in 2017, said at least one analyst — and should parity happen, it’ll be a first.
After last week’s surprise U.K. vote to exit the European Union trading bloc, sterling fell more than 12% against the dollar on Friday before trimming some of its unprecedented drop late in the U.S. trading day. But bears regained the upper hand on Monday, sending the currency to a fresh 30-year low at $1.3121.
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