Cable Update (GBPUSD)

Quoting Moty

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I hate you crooks. Horizontal res is at 1793.33 I put my tp a bit lower ,at 1792 , so i can catch it if it revarse before. the fucking crooks revarsed at 1791.5 {image} {image}

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Quoting DarylR

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need some advice, i (stupidly) shorted GPBUSD 7th sept, should have cashed it out when i was c.£450 in profit but didn't check it for ages and by Nov i was in red. i held. obviously im now looking at minimising my loss but its been on a real run. i imagine its due a correction but where realistically do we expect it to fall to? i have spare funds to hold it but realistically i dont see it coming back down so just looking to close with the lowest loss possible.

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Quoting Marbas

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{quote} The reason is fear, self-doubt and lack of confidence in your own decisions. Trading is hard emotional and psychological game Brace yourself

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Quoting Sang.Real

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{quote} GU Lets close the GAP ( i.e. Liquidity Gap) EDIT : forgotten the chart. Chart wont stick to post ?.. {image}

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Quoting W0lfram

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Added tiny shorts @ 1.4016{image}

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Quoting helioss

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Flat, i'm waiting new COT Data....have a nice weekend Cable People

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Quoting Moty

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I hate you crooks. Horizontal res is at 1793.33 I put my tp a bit lower ,at 1792 , so i can catch it if it revarse before. the fucking crooks revarsed at 1791.5 {image} {image}

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Quoting genadi

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{quote} will you hold through weekend?

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Quoting mysterio

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{quote} Agree, of course its a volatile pair and its Friday and could easily drop down to 1.39 before back up Posted this a while ago, this is Gilts IE UK govt bonds, blasted through a monthly resistance last week. I can't see this trend stopping until the BoE intervenes- and they will at some point. I think they said or implied they wont let yields go past 1%. Currently at 0.64% so Cable has plenty (IE hundreds of pips) to go for long term buyers IMO. That or the Chancellor will have to make a credible statement about spending/taxes but it's not...

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Quoting Georginson

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{quote} 1.40 was said to be my psychological stop but I still hold it since I'm seeing a possible drop off in March to 1.35 area. Quite orthodox of me to add more money to my portfolio to take further short at 1.4030 area since my first sell stays at 1.37/1.3845 area. I have enough patience to wait till March ending.

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