Get Long The GBP

vanzandt · Oct 9, 2016

1.24

EOM

achilles28 · Oct 9, 2016

Target? stop?

achilles28 · Oct 9, 2016

Wtf happened to cable on friday. im glad i wasn't in the market.

birzos · Oct 10, 2016

The red and grey-blue dashed lines in the yellow circles, they inverted before the collapse, someone was messing around and the algo systems didn't know what to do so they imploded, it happens.

radex78 · Oct 10, 2016

achilles28 said:
Wtf happened to cable on friday. im glad i wasn't in the market.

Large movement occured on thursday market on asian session, morning day in my country, but on friday movement already usual movement and only after npf has been released then pair move more volatile

vanzandt · Oct 10, 2016

Its bottomed. Big money to be made. jmho

mlawson71 · Oct 10, 2016

At this point I am not even sure where the bottom is.

vanzandt · Oct 10, 2016

Pound is going up.
Bet the farm.

FreakofNature · Oct 10, 2016

vanzandt said:
Pound is going up.
Bet the farm.

Reading your past calls, you are a tremendous fade.

Good day to short nflx, rallies.

FIT going up, tanks

NKE calling bottom, tanks.

Now GBP, and you shorted the top of a downtrend.

Keep them up kid!

achilles28 · Oct 10, 2016

I think this is a major retracement.

It's BREXIT. Once Britain withdraws, no more free trade = tariffs = increase in domestic prices = recessionary conditions = Bank of England expected to ease = higher supply of pounds = continued drop.