Cable Update (GBPUSD)

Quoting palabara

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{quote} Common someone is got to like this!!! lol I think the biggest move for the Eur today is going to be seen at 2 PM.. Will see how it reflects on the GBP.. Cause shes going to continue tapering.. Its just common sense.. Then will say joyful things, like things are getting better but at "steady" pace.. And bla bla bla.

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Quoting Hickson

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{quote} To speak more technically, the upmove has lead to an elongated flat without major retracements so far - until this week. The old range of years has been broken and therefore why should there not be more potential for another move upwards? 7,1 % vs. 7 % is not so horrible, and Dollar is really not the stronges currency around at the moment ... Of course, it will come down, the question is just when? I see no reason for this massive tower to just fall apart so easily without any reason. Many guys shorted the pair last week just to find themselves...

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Quoting Hickson

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{quote} Maybe blabla already priced in?

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Quoting Hickson

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{quote} To speak more technically, the upmove has lead to an elongated flat without major retracements so far - until this week. The old range of years has been broken and therefore why should there not be more potential for another move upwards? 7,1 % vs. 7 % is not so horrible, and Dollar is really not the stronges currency around at the moment ... Of course, it will come down, the question is just when? I see no reason for this massive tower to just fall apart so easily without any reason. Many guys shorted the pair last week just to find themselves...

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Quoting palabara

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{quote} I think it is partially priced in.. I think its always have that we knew.. But wow were surprised! I don't know its stupid.. Because I think secretly everyone hope that they will cave in and slow down the tapering.. Maybe partially they don't know Yellen yet.. Shes a new player to the game.. I don't know what this people are thinking.. I always refer to Forex as playing chess against a schizophrenic opponent. Just when you think, you've got it.. He just pulls something random at you.

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Quoting palabara

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{quote} That's money management.. GBP has always been volatile.. You should have seen it around 2002-2005..400-600 Pips moves daily. Enough to grow hair on every inch of your body. Unemployment in UK is bad. Obliviously.. They have floods.. AND inflation.. For it to continue moving up.. Is unrealistic. I typically don't look at this things, and just focus on technical.. But things are bad in the U.S.. Our curruncy is not valued.. at 10X times its true value. hedge funds looking to toss money into places, and once they get scared and pull out.. TIMBERRRRR!...

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Quoting palabara

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{quote} I think it is partially priced in.. I think its always have that we knew.. But wow were surprised! I don't know its stupid.. Because I think secretly everyone hope that they will cave in and slow down the tapering.. Maybe partially they don't know Yellen yet.. Shes a new player to the game.. I don't know what this people are thinking.. I always refer to Forex as playing chess against a schizophrenic opponent. Just when you think, you've got it.. He just pulls something random at you.

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Quoting kimisiow83

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{quote} Forget about the Fundamental DRAMA and small floods if you are trading on long term or larger time frame. Tsunami killed more than half a million, Japanese Earthquake Radiation, I didn't see any effect on larger TF technical.

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Quoting Hickson

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{quote} Hard to compare this to chess. I have been playing chess for many years, also at a decent club level. Both opponents have full information on what is happening in the game. In this forex game, you just can think of the most likely outcome. In chess you can calculate it. But in both you have to keep disciplined and patient.

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Quoting kimisiow83

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This final 4H candle for DAILY probably on decision which side the whole pair will go. Bye for now, I don't want to make mistake again because of posting in FF. Need more concentration now.

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Quoting palabara

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{quote} Their economy is battered. They've been in a deflation for 20+ years and still are. They are the we don't want to be them scenario!

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Quoting Greener

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{quote} I don't take anything for granted even Japan's situation. If one of BOJ says they are winning over deflation for the very first time, that would bring about the fastest move you will ever see in forex

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Quoting palabara

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{quote} You have enough information in Forex to make a defensive and offensive plays. You have to anticipate what your opponent will do. Only your playing several players at once. For example, this bullish moves.. put me into the Defensive.. I have to adjust my positions accurately, to make sure I'm not vulnerable for a direct attack at my capital. When the time is right, I make an offensive play!

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Quoting cheater

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stay chill folks...let them finish the dice game and we will know who wins

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Quoting palabara

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{quote} I doubt it, every-time their is a glimpse of light it disappears.. They saying how can we get out of deflation when the dollar is weak.. People tend to put money in the JPY.. Don't blame its a safer approach for now.

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Quoting palabara

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{quote} I mean.. Look at the Unemployment today with the U.K it completely absorbed this data in.. Doesn't seem very rational. The move to 1.68 is also very irrational. Someone is feeding money into it.. Now no one is bullet proof, and as far as I know they don't offer bailouts to hedge funds.. But someone is pumping. Eventually.. Pump is going to Poof poof poof.. Out of gas. This is not natural movement. It doesn't technically should really matter to us.. I make money from going up going down.. as long as its going. What's important is to stay...

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