Cable Update (GBPUSD)

Quoting albchr

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{quote} Good day Tau, Great to see you buddy and hope all is well. It's been a while.

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Quoting nAVIN2007

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{quote} how u holding up big guy..

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Quoting albchr

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{quote} Looking Fugly right now bro. If this goes beyond 5800, let's just say I may be you for the next 6 to 9 months...

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Quoting nAVIN2007

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{quote} lol i told ya but it will have a heck of a job to get through here..this is the line in the sand but because employement rate hasnt improved i doubt it will break..hang tight amigo. pity i held for so long only to become weak towards the end..oh well we live another day..

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Quoting albchr

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{quote} ATM it's all about the dollar for me. The GBP is testing it's upper range with some considerable upward pressure. The dollar is at a critical point and if it breaks low, the GU is likely moon bound for a while. Looks like I may have stepped on the wrong side this time but we'll see. It's so close to where I wanted to short (5780 area) back in April that I have no choice but to wait and see at this point. {image}

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Quoting nAVIN2007

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{quote} i want this puppy to drop hard so i can buy the mofo back up i think this is the top GBP maybe capped here..USD need to show its strength otherwise i tell ( u know how i feel holding a short without a stop)

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Quoting albchr

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{quote} I was thinking about you the other day. I figured if I were in your shoes and you haven't already, I'd be banking all longs below current price right now. Then wait and see what this puppy does around here. A drop, even if only a correction, will be coming soon me thinks for more buying if PA says it's good to. Have to admit though, it's hard to ignore a second daily close above this red TL. But the 61.8% is holding....so far...lol {image}

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Quoting Far1s

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{image} -Here we can see (daily chart) the up going trendline resisting the price, after braking it and now its coming back for testing!! {image} -Here I'm using the Andrew's Pitchfork, the price got back to the "median line" and broke it north. {image} -Here using fibonacci numbers, price already broke the downer trendline at 38.2 fibo, and now the price its above last high (1.5602) at 50% fibonacci! I bought it when it was 1.5547 i think it will go up strongly with some downer waves..

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Quoting nAVIN2007

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{quote} 1.59 area is all i want ..in reality

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Quoting albchr

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{quote} At this rate, you'll get it sooner rather than later...lol Manipulation? Naaaa....lol http://www.bloomberg.com/news/2013-0...f-clients.html

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Quoting nAVIN2007

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{quote} i need the downside first thou..im actually heavier on the short than the long?? go figure

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Quoting albchr

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{quote} Well, if you can believe CNBC, There may be hope for the dollar yet...LOL http://www.cnbc.com/id/100808507

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Quoting nAVIN2007

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{quote} i need like 1hr to understand that..and i have to go work any1 wanna explain it in a way which i may understand?

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Quoting albchr

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{quote} In short, and lord knows I'm no expert, it just means investors are starting to buy dollars over EM's (Emerging Markets) again. Is it true? I have no idea.

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Quoting Trader88q

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why dont u trade aud/usd this week? its high volatility since monday. as i see pound is moving to the 1.580 target. i will short 1.580. previuos week was teriblle i lost on pound but did big plus on AUD/USD today and balanced that loses with profit. what i f week was 5270-5670 f f f. dont short pound 5670 is not a resistance not a support its just only price !

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Quoting Maso

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I cannot believe that the cable room is so silent! In 15 minutes, after releasing the US yield I wish that the bullish story is going to be finished :nerd:.

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Quoting FXMindset

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Trying Long @ 1.5645 Stop @ 1.5580 TP : Open

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