I think im going to close at 1.4725 - and let it go down - I think it could corrct to 1.467 atleast

Cable Update (GBPUSD)

Im not getting that high a figure just yet - I went long from 1.459 - Im thinking of limiting to 1.474.

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Im still going long despite the funds - I think the worst is behind - for me to say that is a pretty big thing!!

Cable Update (GBPUSD)

Jack I am leaning towards your viewpoint

Cable Update (GBPUSD)

I cant foresee it being able to go below 1.428 if it does go down.

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John - hopefully youve managed to close position!

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John, depending on your margin maybe best to hold! All the best.

Cable Update (GBPUSD)

Im here to help and learn from others. I am here to share and learn what I can. This means learning from others here on their techniques whatever they may be. This what I hope and think this community is about. If you guys dont believe in any ...

Cable Update (GBPUSD)

I'm afraid I have no idea what youre talking about - I want to work for the Illuminati so I can learn how they control the markets!! - seems like were just idiots here wasting away our time in learning financial trend analysis and economic ...

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Sounds like a good plan Ub!

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Thats CRAZY! The markets ARE BASED on Technicals and have been since 18th century when japanese came up with candlestick patterns - That and fundamentals - what do you think governs markets?? What is this nonsense?

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Tell me about it Ub - I was away working ona different project but had sells open for ages - longer then I have ever wanted to. Its best to sit on sidelines sometimes.

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Please back your posts up with some analysis rather then random bursts. Guys be very very careful this week - lots of volatility - means money could be made but money could be lost! Dont go in unless you know what youre doing.

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?!?! Can we stick to technical/fundamental analysis??

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Finally! — It took a bloody long time but I finally managed to close all my trades. I am now going to sit on the sidelines this week to see what happens. I would say there will be a lot of volatility and the direction will be rather unclear.

Cable Update (GBPUSD)

Im going to try and stick by my theory. When you have such a sharp move down there is always a correction and a chance to scalp. Everyone advised not to go long at that point but scalping is another story.

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I reckon it may break 1.458 mark and next target 1.455. Lets hope - Eur/USD and cable divergence has developed again roughly around 50 pips so may go down again.

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Lower hopefully! we will know in 3 hours before closing bell.

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reply — Short covering by institutional traders - has messed me over many a times Banda - I hate it as much as you do!!

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I have no targets for 1.478 - I was just advising the gentleman here not take any longs until it reaches that value with a firm uptrend. I've been short since 1.48 and in line with Micho's opinion that it will go further down. Hoping it will break ...

Cable Update (GBPUSD)