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Cable Update (GBPUSD)

  • #46,221
  • Dec 20, 2007 3:38am Dec 20, 2007 3:38am
still short???
  • #46,222
  • Dec 20, 2007 3:39am Dec 20, 2007 3:39am
still very much short
  • #46,223
  • Dec 20, 2007 3:41am Dec 20, 2007 3:41am
1.9940's....... went up, not looking good?
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  • #46,224
  • Dec 20, 2007 3:41am Dec 20, 2007 3:41am
Quoting Gubster
look at the data for GBp. very bad. account deficit 20 billion!!!

"According to Keynesian economic theories, running a deficit and increasing government debt can stimulate economic activity."
  • #46,225
  • Dec 20, 2007 3:43am Dec 20, 2007 3:43am
my stop loss at 2.0000 no worries
  • #46,226
  • Dec 20, 2007 3:43am Dec 20, 2007 3:43am
Quoting dds_student
"According to Keynesian economic theories, running a deficit and increasing government debt can stimulate economic activity."
thats all well and when the economy picks up the pound will rise too but until then it will keep falling!!
  • #46,227
  • Dec 20, 2007 3:44am Dec 20, 2007 3:44am
Quoting dds_student

"According to Keynesian economic theories, running a deficit and increasing government debt can stimulate economic activity."
those theories are proven wrong since the 70s!
  • #46,228
  • Dec 20, 2007 3:44am Dec 20, 2007 3:44am
Quoting Designer1
my stop loss at 2.0000 no worries
you must have a pretty small lot for such a big stop loss....
  • #46,229
  • Dec 20, 2007 3:47am Dec 20, 2007 3:47am
1.9936 SHORT in 6 LOT
  • #46,230
  • Dec 20, 2007 3:50am Dec 20, 2007 3:50am
what's everyones entry/exit targets?

Entry: 1.9927, target: 1.9800
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  • #46,231
  • Dec 20, 2007 3:52am Dec 20, 2007 3:52am
1 Lot Short entry at 1.9918, target 1.9884
  • #46,232
  • Dec 20, 2007 3:54am Dec 20, 2007 3:54am
Quoting FXdaily
1.9936 SHORT in 6 LOT
fxdaily what u think candle showing in H4 it will go move up little bit
but back again downside so may be we can see upside llittle bit with 9965 then direct down
  • #46,233
  • Dec 20, 2007 3:54am Dec 20, 2007 3:54am
Short @ 1.9937 - ok, now Im with y'all
Im not in it for the big run, though, 15 pips is all I want.....for 70% of my position at least
  • #46,234
  • Dec 20, 2007 3:55am Dec 20, 2007 3:55am
Short from 1.9936. See if can break 9897 this time
"Of all the things I've lost, I miss my mind the most"
  • #46,235
  • Dec 20, 2007 3:57am Dec 20, 2007 3:57am
Quoting Designer1
fxdaily what u think candle showing in H4 it will go move up little bit
but back again downside so may be we can see upside llittle bit with 9965 then direct down
Next H4 candle ends ~1.985 area
  • #46,236
  • Dec 20, 2007 4:01am Dec 20, 2007 4:01am
i know it will complete 9850 area h4 candle but

previous candle show us that it will first reach 9965 area then down for 9865 direct 100 pips down
  • #46,237
  • Dec 20, 2007 4:02am Dec 20, 2007 4:02am
Quoting Designer1
previous candle show us that it will first reach 9965 area then down for 9865 direct 100 pips down
I agree, 9950 and up will be a better price to go short
  • #46,238
  • Dec 20, 2007 4:02am Dec 20, 2007 4:02am
Hi,

The trend is your friend. All attempts by the cable to break the trendline and the pivot levels of 1.9953 as been rebuffed. This looks to be bearish trend today much downside movement.
Where goest the cable but down?
Probably a break below the support level @ 1.9873

May the pips be with you.
"Forex is like a bitch every trader must marry one"
  • #46,239
  • Dec 20, 2007 4:06am Dec 20, 2007 4:06am
my target is @ 9700 on a swing basis. cable is still very bearish. i think this downside trend still continues
  • #46,240
  • Dec 20, 2007 4:06am Dec 20, 2007 4:06am
Since everyone seem to be short its probably time for pound to go up. 1.9980 held very strongly, bounced straight off it, cable is down alot this week so probably position covering will begin or just longs will start coming in. Im out of the market but my bias is long for now. waiting for the right moment to go either way though.
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