thats wat i was trying to ask about UK fundamental weak US fundamentals strong do we ignore that completely i mean 2 or 3 weeks back pound fell from 1.9950 to 1.9400 after the 25 bps rate cut. so wen do we know wen to start selling?????????

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thats a rough drop from cable what is the first support for it now????????????

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now wat aussie went down so did euro gold silver... will pound be next to go ????????????????

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is that good news gonna affect cable or nothing can stop it at the moment.

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i think if US trade balance was bad like realy bad we might see cable hit 1.9800 today.

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dont worry its a demo account i just wanna build up a good base and acquire experience from all u guys plus its better to get out while im winnning than to get out because i lost everything. hehehe

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so u believe that cable is gonna reverse to a bearish trend????????????

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thats what i thought im gona go out while im still winning and maybe after the news if the direction is clear i'll jump back in. thnx

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so lets say that the US trade balance is more than expected the do i stop my buy positions on cable and sell or will that barely have effect on the momentum built by cable.

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thnx man that was the most satisfying answer i ever had now im convinced thnx a lot really. it was like a puzzle in my head.

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so do u advise me to stop my long accounts at wait till i see a clear direction again or should i keep them to c if they crack the resistences as technical analysis tells us.

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but people r seriously considering rate cuts from BOE in the near future. so wont that like screw the whole technical analysis????? im sorry im asking a lot of questions guys im just new.

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so basically i should stick to the technical analysis like 95% of the times.

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people what about fundamentals should i worry about them i mean technical analysis is bullish but do i stick to that? Should i ignore fundamentals????????????????????????????????????????????????????? ???????????????????????????

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so what if the fundamentals were bad for cable. will they outweigh the technicals or will the cable keep its momentum and possibly hit the 2.00 phsycological resistance.

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I dont think there was a housing problem or a credit crunch last time so i dont think its the same environment as the one provided last time but im still new at this so u probably know better.

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where is the highest point it might reach in its retracement and what do u think is the key support?????

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people even in london are crying because their houses r losing their prices in addition to the credit crunch i mean doesnt it seem like wat happened in the US in october will happen to UK so how long till that hits cable and we see it breaking its ...

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thnx man for the advice. highly appreciated.

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im actually still using a demo account u know i thought i had cable nailed becuase US fundamentals r strong and UK fundamentals r weak so i was sure it would be bearish but the market says otherwise so i decided at last to go with the market. could ...

Cable Update (GBPUSD)