Cable Update (GBPUSD)

Quoting Fxmaximus

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{quote} Uh.... yeahrrrr...
I got a poem for ya.....
Move ova Red Rova
The GBP/USD is fallin' OVA.
Well.... whataya gonna do? Can't dance.

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Quoting openyoureyes

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{quote} holding, they won't cancel don't worry 1:500 lev. 0.05 lots for start will stack as soon as each level holds, positioning for: friday Second Estimate GDP q/q should be negative / not good enough. anyway these are not blind entries, I was long since 2 aug. edit: first target G/U 1.55666

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Quoting Fx-gtg

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gravitation forces pushing toward low 1.55, a fierce force might take it just below 1.539s as i said before. but still trend s up D1

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Quoting ForexRatVN

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{quote} I am not surprise if she drops to 15450 level whether within today NY section or tomorrow Asia section. If she will be there, the next level of 15000 then 14800 would be seen in the 1st week of September. However, the market usually does not make a huge movement in the Friday and Monday... Let's see any difference this time

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Quoting TauTrader

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{quote} good day to you, ForexRatVN do not be too surprised if we see a new high in the next few days... I'm waiting higher to short - cannot do it from these levels. If I miss out - so be it. All the best

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Quoting Fx-gtg

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I was going to short yesterday afternoon around 1.5705. (level we visited back on June 18 2013) but i was driving to work. i could do it from my phone but I hate to trade away from my pc. i don't trade this pair much. i like better gbp/jpy great great pair to trade

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Quoting _BBKing_

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{image}

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Quoting TauTrader

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the level I posted yesterday as the downward target. Was resistance.Now support. Could fail instantly to open up the next level down, but could also serve as springboard higher. Just contemplating scenarios... Nothing serious Regards {image}

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Quoting openyoureyes

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{quote} are you now short on G/J ? or from 153.90 etc? (G/U still short for me)

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Quoting openyoureyes

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{quote} I hate GBP pairs, too much movement intraday, so any scenario is welcome!!!

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Quoting Maso

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{quote} They invest in FX trading systems and then run the pair for their money not yours Being cautious and paitient is the key factors if you want to be a winner

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Quoting TauTrader

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Yip - 1.53510 is open as a possible target lower down. It just seems too easy. 3 out of 4 retail traders are short GU. Market is giving away money left right and centre as we speak. This cannot be the end of it... Bear trap? Regards

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Quoting TauTrader

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bought here against my rules. May be patience is a problem down here in Cape Town...long @ 1.5579 Off to make some dinner for the wife and kids... Regards

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Quoting openyoureyes

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{quote} Tau thanks for the vouch, and guten appetit. No confirmation on both sides, we should see the true direction tomorrow.. For bears a daily close below 1,56-1,55 is needes imho, Otherwise we could see a big bull candle at tomorrow close...

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Quoting TauTrader

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{quote} Good day to you, Nav It is an important demo account. I do have a small live that I trade. I have posted this a few times. It is my holiday money. I attempt to make enough through the year to pay for 10 days vacation every year. Free of charge - so to speak. The demo account can be/will be frowned upon by many saying - yes, but what about slippage, fill, emotions etc - it's only a demo. I am saying this is the next big step for me. I trade this demo conservatively with very small risk at a time - like I would do with a live account. I'm...

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