Cable Update (GBPUSD)

Quoting Magix

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Anything is possible, but I wouldn't put a whole lotta money to ride for 1.56.

Immediate trend line resistance topside and if we bust through that on a buy back, it would most likely top at the 5m 200ema, a little lower then your expectations.

Topside resistance on chart.

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Quoting Magix

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Anything is possible, but I wouldn't put a whole lotta money to ride for 1.56.

Immediate trend line resistance topside and if we bust through that on a buy back, it would most likely top at the 5m 200ema, a little lower then your expectations.

Topside resistance on chart.

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Quoting CoffeeDrinke

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200 smoohundred lol, no i get wht you are saying and thanks opinion much apreciated.
My general thinking is i want to get into a 1:1 area to atleast just get 'free', and at the moment it clearly shows such possibilaty so i will pay attention to it, correct me if my thinking is errord.

Tht topside thts for extremes i dont often mark it just want to see something if it going to make a higher high and tank from there, thts the area i am looking for at to go, but i know its kinda stretching it.

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Quoting Magix

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Now, if we were to see any sort of buying into London open, I would expect that they buy back up to their daily lows and then continue the trend....downwards.

Area on chart.

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Quoting forexlion

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selling bottoms is a bright idea !!!

lets sell the bottoms we might make some money here

errr ..... i mean the bottoms on the chart ........ cable chart ..........

http://img842.imageshack.us/img842/2457/57352046.gif

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Quoting Magix

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Heh...

I am not telling you what you should do or when you should be doing it. You posted a target, I posted an opinion...until something happens...it's just a discussion, free flowing ideas.

I know what I am holding for and will play direction until I see reason not to.

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Quoting CoffeeDrinke

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I didnt try to attack you or somthing, dont warry i didnt take it tht you told me to do somthing you handed me advice

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Quoting Magix

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Heh...

I am not telling you what you should do or when you should be doing it. You posted a target, I posted an opinion...until something happens...it's just a discussion, free flowing ideas.

I know what I am holding for and will play direction until I see reason not to.

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Quoting forexlion

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selling bottoms is a bright idea !!!

lets sell the bottoms we might make some money here

errr ..... i mean the bottoms on the chart ........ cable chart ..........

http://img842.imageshack.us/img842/2457/57352046.gif

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Quoting forexlion

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bro

my reading is he is here on an agenda

just ignore him and keep up your good work, its much appreciated.

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Quoting forexlion

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bro

my reading is he is here on an agenda

just ignore him and keep up your good work, its much appreciated.

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Quoting CoffeeDrinke

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Golly wolly i believe thts calld paraniod

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Quoting forexlion

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selling bottoms is a bright idea !!!

lets sell the bottoms we might make some money here

errr ..... i mean the bottoms on the chart ........ cable chart ..........

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Quoting grashid

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..brilliant idea

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Quoting forexlion

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should I be selling this ?

I am just waiting for London to enter

http://img832.imageshack.us/img832/5418/78579565.gif

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Quoting bablo

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High risk IMO but your money to lose.

Flip a coin. Better make a 2 out of 3 to increase your odds.

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Quoting forexlion

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Did I say anything about buying ?

Its just that this is not a good place for any trade.

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Quoting bablo

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Not looking to get into a tinkle contest with you but did I say anything about buying or selling?

This is no mans land. Not a good point to think about trading. Give London an hour and re-evaluate.

Just making sure that any fresh meat looking into this thread don't read your post about selling bottoms as a signal to buy.

This level is the line in the sand to me. Not trades ATM.

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