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Cable Update (GBPUSD)

Quoting Davit
WTF just happened!!

complete manipulation
Loosening is not an option
Quoting lumesh
{quote} As many of you know i am not a big believer of higher timeframe technical scenario plays. I just have yet to find a person that can logically convince me of technical analysis having such a power. I believe in econ data and its trend ("smart" money), cross asset correlations ("smart" money) and retail positioning/orders ("dumb" money). I use quotation marks because in reality the same set of people can at one time be the "smart" while on other occasions the "dumb"
would 300 pips in 2 days convince you?

Edit: perhaps it's just luck though
As the lights go by so too do the shadows move
Quoting deltaone
{quote} "my" R3 is 1,6320. could be the top today?
Certainly a potential top.
I think NY trade will determine that.
Cable is looking a bit stretched to the upside on H1 now so we may get a small pullback to pick up some more bulls.
Those who say it cannot be done should not interrupt those who are doing it
citi stops are done. they are out of the cable trade. bastards holiday rally is created
Quoting Makavell
{quote} it feels so so good to watch the testicles of all em arrogant and egotistical bears get crushed . {image}
Oh grow up.

Don't be a hypocrite

Quoting Makavell
{quote} Oh sh..! the f......g kids are at it again {image}
Those who say it cannot be done should not interrupt those who are doing it
sl hit long 3320
Attached Image (click to enlarge)
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Pecuniae obediunt omnia
Long from 6215...I think it's gonna.....http://www.godtube.com/watch/?v=921BMMNU
Quoting Makavell
{quote} it feels so so good to watch the testicles of all em arrogant and egotistical bears get crushed . {image}

It was so pitiable answer....
Quoting RodMca
{quote} I hope you are right but NFP next Friday God knows what next week holds. Nobody wants the Yen or the Dollar and as far as I'm concerned once the FED keep rates low, Taper or no Taper I don't see there being much demand for the dollar. Certainly not while othe currencies like sterling are yielding greater returns. Of course I may be wrong but I'm hesitant on going short
Obviously a wait and see. I'm only speculating. Besides, one should not enter unless there is a safe opportunity to do so with a favorable RR
Those who say it cannot be done should not interrupt those who are doing it
I am out +51
As the lights go by so too do the shadows move
cable is a monster and today's rally from 1.6205 to 1.6295 does not make sense to me. now when it starts falling it will fall the hardest. I am not sure whether it is 1.63 or 1.64. I just don't see any point in buying overbought currencies and selling oversold currencies
cable after CBI few minutes later
will fall to at least 6230
3600-3610 so hard to break
see u dowwwwwwwwwwn
http://www.sherv.net/cm/emo/laughing...y-emoticon.gif
Should've known it was long from yesterdays stop hunts @ 6143 so pissed right now onto the eur!
Quoting Matts Micro
{quote} would 300 pips in 2 days convince you? Edit: perhaps it's just luck though
can you explain what instrument are u referring to for that 300p in 2 days ? You mean cable from today's lows (6200) to 6500 by tomorrow ?

Even so, candles are just the result of what i outlined earlier. Think of what is that you are saying:

You are saying that the chart or the candles/bars are responsible for the valuation of an asset that has a real life implications to the economy ? You can conclude that for Bitcoin but i disagree otherwise.
I don't think he is referring to you, but other bears here have been just as he describes - I know of at least 2 great contributers who have stopped posting here because of the attitude of at least one couldn't be wrong / egotistical bear in recent weeks.

Just generally - the thing with the bears who are in short as much as sometimes hundreds of pips below present price - they have ignored the growing technical and fundamental bias and gone against it - which is fine - but some have insisted that somehow others were wrong in their interpretation when so clearly is has proved that they were wrong. Some bears just scream manipulation when the market continues up...others keep on insisting it is them that is right and market that is wrong. The stops above that 6256/509 will have been taken now no doubt...and others on this subject - just insist that every leg higher is just a stop hunt lol (No names !)

Best Wishes.


Quoting PipTrapper
{quote} Oh grow up. Don't be a hypocrite {quote}
it's all gone a bit........
80% retailers are short on cable...there has been no topping signals yet...I'm looking at 1.66, that would be a good false break of the monthly triangle...1.66 towards year end on low volume, it's Xmas, everyone feels happy and then the tapering confirmation next year to knock this back into the triangle range...still, like any predictions, it could be completely wrong...but I think price has to be closer 1.66 to get people long again
Remember the US Jobless claims are scheduled for today instead of tomorrow.
So this could present a pullback if the numbers are less than expected.
Those who say it cannot be done should not interrupt those who are doing it
Wow, did I miss something?
I know cable is strong and I admit I was wrong shorting this thing, but still... What triggered cable to shoot up? I mean there should be some reasons for this up move right?
Quoting grand_dra9on
Wow, did I miss something? I know cable is strong and I admit I was wrong shorting this thing, but still... What triggered cable to shoot up? I mean there should be some reasons for this up move right?
to test the upper trend line weekly
before falling down
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