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OnlineAddict replied Jun 3, 2014PA didn't like this week's bottom, even though GBP news were bad. In a downtrend, bad news only speed up the fall. But since nothing got the GBP down, something is holding it back. Some bigger orders above this week's high. I only follow PA and how ...
Cable Update (GBPUSD)
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OnlineAddict replied Jun 3, 2014NFP became useless...it can barely move eurusd 30 pips...the 100 pip NFP days are over.
EURUSD
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OnlineAddict replied Jun 3, 2014Looks like a bottom has been formed yesterday already. I'm not shorting GBPUSD again this week, unlesswe get close to 1.70 at the end of busy hour. My ideal plan sees the pair 100+- pips above 1.7045, then will be a great time to short and even keep ...
Cable Update (GBPUSD)
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OnlineAddict replied Jun 2, 2014You might get a good entry price for long 10-30 minutes before tomorrow's Construction PMI. If it keeps falling before the news, I will long it, too. Might be this week's low then.
Cable Update (GBPUSD)
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OnlineAddict replied Jun 2, 2014I would love to short it from #3 around 1.6950. image
Cable Update (GBPUSD)
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OnlineAddict replied Jun 1, 2014I don't think there were many bears below 1.7, the only reason it dropped, was the huge eur drop. If eur didn't drop, gbpusd would be way above 1.70 now. And even that...eurusd dropped 400+ pips and gbpusd has troubles to drop 250-300, while under ...
Cable Update (GBPUSD)
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OnlineAddict replied Jun 1, 2014All the shorters make me wanna long this...until 1.6850, at least. But if that breaks(4h close above)...1.70 comes into picture again.
Cable Update (GBPUSD)
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OnlineAddict replied Jun 1, 2014Many people seem to be short with a SL in the 1.3750 area...which means that will be TP for my long.

EURUSD
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OnlineAddict replied May 31, 2014With GBP volatility, you don't think it will go 20 pips higher? If you traded this pair, you would know that 50 pips and and down is almost no real move, eurusd can move 5 pips at the same time. And the close below 1.6760 doesn't mean anything ...
Cable Update (GBPUSD)
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OnlineAddict replied May 30, 2014I'm new here, but not new to trading. With all due respect to the shorters, there is some unfinished business in the 1.6850 area, +-10 pips, thats where I will look into shorts. Its too soon to short now, but fairly safe above 1.68 with low to ...
Cable Update (GBPUSD)