Cable Update (GBPUSD)

Quoting baron193

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MPP ,how i arrived at 2.400 is my business and it will remain so....you have heard of fibonacci haven't you ?......but how you apply it is a different story...
I said, break of double bottom first,....you said it will need to break support....hmmmm.
Obvious resistance at 2.0540
I've been around long enough to be dreaming of more important things than
forex...LOL
if you are finding yourself, dreaming of forex, then get yourself a girl mate, LOL.

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Quoting Breeze

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Baron i'm with you......but my target is way far though @ 9850 & 9600.....see the UK housing market is starting to show some signs of complications....same as what happend to the US housing market....its going to be the same as what happend to the US...with downgrading some of the companies and the position of the UK sector is not in a clear patth...the shit in pasion funds and the growth of sovereign wealth are further clouding the picture....so look for the pound to depreciate more than 10% to the USD.....

shot eur 3770/3840.........aim @ 3100
short gbp 0326/0507.......aim @ 9850/9600 might even go further o 1900/1890
long chf 2038.................aim @ 2600

Breeze

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Quoting zamans98

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That's very far far far away...
A good SELL would be now, then aim for 2.0000, which is achievable.

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Quoting allserene

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UK Housing market is stalled big time. But what does the BOE do when they have inflation in the economy and a housing stand still/slide ?

People trying to sell houses is a very small proportion of the housing stock

Inflation is everone and the whole economy

I reckon they attack inflation first and if that makes housing worse then let it be. Under the politicians is was never so - but with an independant BOE with a single brief - inflation fighting - it could well be so

The DOW does not care about US housing and has soared - there is more to the US economy than housing

I don't think the BOE cares either

and forex only cares for interest rates

So - rule Britannia



http://www.rnrm.org.uk/images_histor...annia-1sml.jpg

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Quoting Alfa159

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interesting, definitely possible but very long term targets... I wonder your stop loss if you aim below 2.000 in cable.

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Quoting zamans98

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If 2.4000, there will be RIOT in UK and UK will be doomed (err, something like the movie 28 days later...)
OIL will be $100 and above

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Quoting Breeze

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I'm preety confident with this trades Alfa159.....dollar bulls already show signs of improovement....thought u might wanna check this out too....for Eur zone

http://www.fxwords.com/i/ifo-busines...euro-zone.html

Breeze

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Quoting allserene

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If 2.4000 then there will be no riot in UK - everbody will be at disneyworld in Florida spending their beer money on eating hot dogs and candy and burgers and cream buns and drinking 100% sugar coca cola .

Everyone can go and live it up in the USA - when they do get back to the UK they will be too podged to riot

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Quoting Moe

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what happen to soros jr, lol

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Quoting Alfa159

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I can see 2.0300 and probably if broken out your numbers will turn out to be good... So your style is long term trading I believe... I have one question though... are you going to be adding more short when the cable goes down? or did you just go short with more lots but once.

I have a short position at 2.0505 at the moment and I am keeping it for a while as well. Though on the way i might add new shorts.

Thanx for the link as well. Reading it right now.

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Quoting baron193

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2.0443 another level to watch...

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Quoting Breeze

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Yes Alfa159....I will be adding shorts on our way down.....will let you kno when i do.

Breeze

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