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OnlineAddict replied Jun 9, 2014And USDX struggling to stay above 80.60, if it goes down to test 80.50 and it breaks...it may give us enough room for a long trade until 80 is reached. If that broke...shorts will be dead, I guess. Just thinking loud...I would get out of shorts, ...
Cable Update (GBPUSD)
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OnlineAddict replied Jun 9, 2014If euro goes that high again...it won't test 1.40...it will break through easily.
EURUSD
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OnlineAddict replied Jun 9, 2014Eur still down, Gbp bullish anyway...if eur spiked 20 pips now, gbp would probably spike 50. Lets see if 1.6817-20 breaks.
Cable Update (GBPUSD)
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OnlineAddict replied Jun 9, 2014And it breaks barriers, when noone expects it to happen anymore.
EURUSD
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OnlineAddict replied Jun 9, 2014Your chart is pointing to 1.41 to me, funny how 2 people can read the same chart totally different.
EURUSD
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OnlineAddict replied Jun 9, 2014Even if it breaks...it might be just a stop loss hunt spike, before 1.37+.
EURUSD
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OnlineAddict replied Jun 9, 2014A strong buy signal for both eur and gbp is building up...maybe one last small spike down, not more than 20 pips below the lows(just to take the most obvious stops out) and then up big time. Don't listen to me, though, trade your plans, please.
...Cable Update (GBPUSD)
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OnlineAddict replied Jun 9, 2014Hmm, not a good spot for longs or shorts. I would love to short 50 pips higher or long 50 pips lower. Even though the end ended slightly bullish. Good thing is, if we keep bottoming during asian session, I might be able to keep the long running with ...
Cable Update (GBPUSD)
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OnlineAddict replied Jun 9, 2014If you use SL, you are safe...I don't...I don't want to wake up one day being short on euro, just to see it spiked 200 pips up. Thats more likely, than a big spike down. If I was a swing trader, I would target 1.55, with a SL below 1.24.
Cable Update (GBPUSD)
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OnlineAddict replied Jun 9, 2014The rate was the reason euro dropped from 1.3990, I think 500 pips is enough for that. Mostly, when FED or ECB announced something big like this, eur dropped by 300-600 pips...and was back testing new heights within a month or two. I don't think the ...
Cable Update (GBPUSD)
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OnlineAddict replied Jun 9, 201400 is close...will it break to the upside? Am I the only one long here? Looking at 6807, if it breaks, 6817 should be next.
Cable Update (GBPUSD)
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OnlineAddict replied Jun 9, 2014I think bears have 1 more hour to break 80, tops. If not, they might give up for today and bulls take over to finish the day. If long, then a spike to 1.6817-20 is the most that can happen, I guess.
Cable Update (GBPUSD)
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OnlineAddict replied Jun 9, 2014You are right about 6796, seems to be the turning point...how ironic that my long is exactly at that level.

Cable Update (GBPUSD)
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OnlineAddict replied Jun 9, 2014But look how close it is to the descending channel, if it breaks above 1.40, then sky is the limit. Who expects it now? Noone. Perfect time to break it.
Cable Update (GBPUSD)
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OnlineAddict replied Jun 9, 2014Price action...the simple fight between bears and bulls.
Cable Update (GBPUSD)
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OnlineAddict replied Jun 9, 2014I see no reason why EU should go more down...its going up since 2011? The only spikes down were FED announcing tapering, ECB announcing lower rates...after that the uptrend resumed. I don't see any reason why it shouldn't go above 1.40 or even 1.50. ...
Cable Update (GBPUSD)
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OnlineAddict replied Jun 9, 2014I love charts...but I prefer to trade off PA, to be honest. Charts mislead sometimes, PA misleads sometimes, but PA is still more reliable...at least intraday.
Cable Update (GBPUSD)