Cable Update (GBPUSD)

Quoting Trade-G

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{quote} And I do not have a written paper to quote like you because it is not published.... you don't have to believe me....

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Quoting Snowden

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Bought a little at 134 {image}

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Quoting Nala66

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{quote} See what I mean it is very difficult to find a definitive answer, None of the above tells me why it stops on a dime at the at the levels. I can well understand AB = CD swings and triangular formations because they are of an equilibrium balance in so called sentiment. Trial and error over the years has taught me the 26 period EMA is very important in the calculations but how and why I have no idea and cannot for the life of me explain the accuracy so these days I just blindly accept it and trade accordingly.

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Quoting Nala66

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{quote} None of the above tells me why it stops on a dime at the at the levels.

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Quoting Trade-G

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Nala, anyway why bother as long as your cat catches the mouse, be it a black or white cat right?

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Quoting Trade-G

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{quote} I hope you are in for a scalp.... I used to do this hoping for a pullback..... but nowadays I tend to look for bullish confirmation in the lower timeframe.... god speed

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Quoting Snowden

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{quote} Could it be that top tier interbank market is just a handful of players (who all chat to eachother on private messaging) making up 51% of the market and therefore leading it?

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Quoting Nala66

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{quote} That is funny S... We use to talk about a bunch of Fagin type characters sitting around a dusty table in a London attic plotting all this stuff...

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Quoting Snowden

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{quote} Just cranking up the passive aggression a little bit so it's easier to see

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Quoting Trade-G

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{quote} Suit yourself S, meant well but you are taking it the wrong way.....

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Quoting Nala66

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Let's just settle on the Fagin's are doing it.... course they may be ET's also

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Quoting Trade-G

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H4 and H1 charts, both shows the breadth are heavy and some release needed, from here looking out if a base will be formed. On the lower timeframe like M5 sometimes the smallest move snowballed into the bigger moves. Its an aggregation of participants. {image} {image}

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Quoting Trade-G

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{quote} Is it bearish now according to your chart?

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Quoting Bones

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no not really ,I already thought it would fail the box and said then the test the line that's what I see for the mo the weekly gapped up and has gone a long way north it could close there I wouldn't change my mind {quote} {image}

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Quoting Trade-G

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{quote} Right now its contained inside the range so it is more challenging to determined its bias, the longer it moves sideways.

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