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Cable Update (GBPUSD)

  • #572,261
  • Jan 15, 2021 7:59am Jan 15, 2021 7:59am
Quoting Theoak
{quote} OUT 10 pip loss
Crap retail sales eating up the SL
  • #572,262
  • Jan 15, 2021 8:02am Jan 15, 2021 8:02am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Studing..............
  • #572,263
  • Jan 15, 2021 8:02am Jan 15, 2021 8:02am
Quoting Theoak
{quote} OUT 10 pip loss
Happy Days
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Don't trade what you think. Just what you see!!!
  • #572,264
  • Jan 15, 2021 8:04am Jan 15, 2021 8:04am
Quoting Rgkc
Relax.. it will be fine
  • #572,265
  • Jan 15, 2021 8:06am Jan 15, 2021 8:06am
Quoting gatenio
{quote} Relax.. it will be fine
hoping this is the spring board that cable needs
Insane in the Brain..
  • #572,266
  • Jan 15, 2021 8:07am Jan 15, 2021 8:07am
Quoting Theoak
{quote} If it does break 1.3611 then it will move fast and it is a friday!!!!! I'd be looking for quick pips then keep a position open for 50 - 60 pips..... Also news at 1.30!!!
As per above Run the rest!!!!
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Don't trade what you think. Just what you see!!!
  • #572,267
  • Jan 15, 2021 8:08am Jan 15, 2021 8:08am
Quoting Theoak
{quote} OUT 10 pip loss
you not the only one im thinking many seen the data and sold usd, makes sense, but pa has a plan and sense is not included 36 now in play, time for bed 3am here
If you are new to Forex? Say Goodbye to your account!!
  • #572,268
  • Jan 15, 2021 8:12am Jan 15, 2021 8:12am
Quoting KiwiTrada
{quote} you not the only one im thinking many seen the data and sold usd, makes sense, but pa has a plan and sense is not included 36 now in play, time for bed 3am here
Was not too bothered about the data. Was worried about breaking 1.3611. As soon as it broke that level was all over it like a pit bull.
Don't trade what you think. Just what you see!!!
  • #572,269
  • Jan 15, 2021 8:12am Jan 15, 2021 8:12am
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yes yes yes
  • #572,270
  • Jan 15, 2021 8:15am Jan 15, 2021 8:15am
Quoting kk300
{quote} 3 more hours to go.. i am not hungry yet..
more sell to come..3555 atleast..
  • #572,271
  • Jan 15, 2021 8:21am Jan 15, 2021 8:21am
Quoting RedCable
{quote} Crap retail sales eating up the SL
I was more concerned of breaking the 1.3611 level. I knew it would motor down. I took the short, took the money and now going to take the day off. I have a little short on to run for a target of around 50 pips. Not to concerned if I get stopped out.
Don't trade what you think. Just what you see!!!
  • #572,272
  • Jan 15, 2021 8:25am Jan 15, 2021 8:25am
Quoting cat
Dangerous looking double top for bulls on this H4 chart. Downside arrow potential scenario. {image}
Anyone who was buying here yesterday needs to re-examine their methodology. I know some people were, and they got badly burned ( page 28604 )
  • #572,273
  • Jan 15, 2021 8:29am Jan 15, 2021 8:29am
yesterday evening's sell.., to support community
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dolce vita
  • #572,274
  • Jan 15, 2021 8:30am Jan 15, 2021 8:30am
Quoting Moty
{image}{image} {image}
Moty, maybe 1.3540 is a stretch for today?...just saying.
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Always trade your own plan...I don't provide trading signals.
  • #572,275
  • Jan 15, 2021 8:31am Jan 15, 2021 8:31am
to see better.., micro
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dolce vita
  • #572,276
  • Jan 15, 2021 8:33am Jan 15, 2021 8:33am
TP 1.35938.., miss 0.00006 points,,. ha-ha
dolce vita
  • #572,277
  • Jan 15, 2021 8:38am Jan 15, 2021 8:38am
Quoting coreg2004
{quote} moty, maybe 1.3540 is a stretch for today?...just saying. {image}
everything is possible , this is crazy friday
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anu way i am trading gold
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dx have little mor to give
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yes yes yes
  • #572,278
  • Jan 15, 2021 8:42am Jan 15, 2021 8:42am
Quoting Coreg2004
{quote} Moty, maybe 1.3540 is a stretch for today?...just saying. {image}
I am agree, I would say that 1.3550-th, if she doesn't break (up) 1.3650-th
dolce vita
  • #572,279
  • Jan 15, 2021 8:44am Jan 15, 2021 8:44am
Quoting Moty
{image}{image} {image}
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Together we can be strongest
Vantage Return This Month: na
  • #572,280
  • Jan 15, 2021 8:47am Jan 15, 2021 8:47am
A humble word of warning to all traders.

I have been a member of forex factory for 11 years, and have seen many many traders come and go. A little bit of success and the novice trader begins to believe he/she is invincible. They begin to increase their leverage, believing that nothing can go wrong. They are right, others are wrong. I saw this again on this thread yesterday. I mention no names, but a red diamond trader has gone from a healthy looking net gain, to massively in the red all because of a couple of trades that were so over-leveraged that were the market to turn against him, it was tantamount to suicide. He was so sure that the market would blast northwards that he was telling other traders here who expressed their opinion to the contrary that they were wrong, though not me I might add. He has since gone very quiet.

Let this be a lesson for us all. Always stay humble and disciplined, and never assume you have the market beat, because as the old saying goes, pride comes before a fall, and this applies to the markets as much as anywhere else.
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