Cable Update (GBPUSD)

Quoting Ill-b-back

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How's it going dude, still holding shorts with me??
I reckon well get to 1.5250 area before 1.63 again

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Quoting _BBKing_

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also the 5780-90 is 50% retrace of main move up.
i would not be surprised to see price approaching and bouncing off that area.
60 pips lower than actual price................

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Quoting _BBKing_

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definetly price is reaching a possible good support level area 5780-5820 but actually there is nothing suggesting a reversal excluding some lines here and there and the hope for a end of the year increase in QE by the fed.
so....

from here, what price needs is a good consolidation since this area needs a good support and a base in price for further upside.
this means that we need to see price stabilyze between 5800and 5850. once 5850 broken up and re-tested--can mean more up into 59 area again then higher to 60 etc....
IT's A HUGE WORK.
IMO...

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Quoting fxtyrant

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Heya my australian buddy
yea im still short on GBPUSD but Navin thinks we might have a slight pullback before the next move down.... last i heard from him is hes long at the lows around 1.5850 or something... which was my Daily EMA 200 target for shorts at 1.63...
so right now... im sort of neutral unless we continue down....

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Quoting fxtyrant

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Heya my australian buddy
yea im still short on GBPUSD but Navin thinks we might have a slight pullback before the next move down.... last i heard from him is hes long at the lows around 1.5850 or something... which was my Daily EMA 200 target for shorts at 1.63...
so right now... im sort of neutral unless we continue down....

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Quoting Ill-b-back

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It's under the weekly, under the daily, where to next??

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Quoting fxtyrant

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Looks to me we already broken the upward trendline on the GBPUSD.... but im not too confident trading targets beyond the 200 daily ema.... but from the looks of it... we broke the upward trendline today.... looking for a retest in the next couple of days to confirm if its broken or not...

and this may well be what Nav is talking about a pull back for a retest....
OR.....(which might happen) see the RSI?? it might creep into oversold zone under 30 and continue lower and lower....., personally speaking this was a clear breakout move.... ill show...

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Quoting Ill-b-back

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Yes bro, down, down.
I bought looking for 5930, lost 20, now I've added in another small short.
Still targeting Junes low

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Quoting fxtyrant

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but yea... i still stand by my year end projection where i said we'd revisit 1.52
in fact if it wasnt for the damn QE2 and QE3 that happened both this year.... we would've seen 1.52 about now and make lower lows on GBPUSD like 1.50....

i mean look at the UK economy.... its TERRIBLE..... YES GDP grew by 1%, but all this is thanks to the olympic and its a 1 off thing..... nav and i discussed this on the phone the other day.... and yes we both agree UK does NOT look good....
And guess what.... the Claimant Count today in UK Should raise alarm...

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Quoting nAVIN2007

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hopefully this bitch goes to 1.6 b4 tank..if it tanks..the minute i give up on my short the bitch sinks..lol

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Quoting fxtyrant

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i had that before and boy was it a bitch.... in that case you better Pray we get some reaction on the NEXT daily candle starting 11PM GMT

YOu know whats even BITCHIER?! TADAWULFX closed my demo account!!!! the one im testing my strategy on over the last month or so with great 30% a month return!!!!!... those BITCH
now i need to do it again on another demo account hopeflly this broker FXPRO doesnt close it this time...

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Quoting nAVIN2007

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lol..oh man i love yur passion, there no way u aint going to make it..

starting to think tony is the oracle

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Quoting fxtyrant

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i had that before and boy was it a bitch.... in that case you better Pray we get some reaction on the NEXT daily candle starting 11PM GMT

YOu know whats even BITCHIER?! TADAWULFX closed my demo account!!!! the one im testing my strategy on over the last month or so with great 30% a month return!!!!!... those BITCH
now i need to do it again on another demo account hopeflly this broker FXPRO doesnt close it this time...

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Quoting fxtyrant

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AHAHAH, indeed i am a passionate one when it comes to FX.... but guess what.... a lot of people in ForexFactory totally misunderstand me all the time....

Anyways gave myself a challenge... instead of starting with 5k usd demo... i opened an 8k USD demo, so i will have to make 30% this month so i can brag a bit...
30% on 5k is easier than 30% on an 8k....

Talk about Passion... DUDE!!!! call me up man! we gota meet up even if that means me coming all the way to vauxhall....

Talking about tony.... is tony free to meetup in london before i leave?!...

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Quoting fxtyrant

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but yea... i still stand by my year end projection where i said we'd revisit 1.52
in fact if it wasnt for the damn QE2 and QE3 that happened both this year.... we would've seen 1.52 about now and make lower lows on GBPUSD like 1.50....

i mean look at the UK economy.... its TERRIBLE..... YES GDP grew by 1%, but all this is thanks to the olympic and its a 1 off thing..... nav and i discussed this on the phone the other day.... and yes we both agree UK does NOT look good....
And guess what.... the Claimant Count today in UK Should raise alarm...

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Quoting Ill-b-back

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I think they nearly all have a 30 day expiry.

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Quoting fxtyrant

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some brokers dont have the 30 day and close policy...

but there are brokers like fxpro, and previously tadawulfx.... As long as the account doesnt go inactive for 30 days, the account stays unexpired....

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