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Is it just me or is cable acting random? 44 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

IMHO GU bulls are just going to throw a high and away
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
No trading yet, just waiting...............



How our beliefs about making money at our regular jobs won’t help us in trading.

There’s a difference between working for money and money working for you.

In trading sometimes less is more.

Often times in trading we are sitting and waiting.
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Quoting Benton
{quote} My small lot sell position is still running. I am gambling now! If GU goes above 1.3780,I will stop loss at retracement. I will lose the small amount(about 15pips). Otherwise I will win at least 50 pips!
I wish you luck
Soon To Be Temporarily Suspended Again
Quoting Waveskierrob
{quote} Be careful of feelings lost me a lot of money but if MM is good then nothing to worry about
That feeling that can get us into trouble
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
Quoting Moty
Aussi is planing a strong move up {image}
need to break UTL..
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Peace Yo!
Quoting Benton
Guys,it looks like a bull trap!
Why ??
Quoting JayBag
{quote} Hi R, I am not a fan of SL and definitely not against SL users. SS
ok i see!!!
Keep the Lights on then you can catch the rise from the dark.
Potential resistance around psychological area around 138
Quoting Headland
... for the bulls - price needs a decisive break above this 1hr/4hr descending t/line and the underside of that daily+ ascending t/line that has breached to the downside (1411-2854)...then it will run into the next likely 'strong' upside obstacle - the prev 4hr/dly sw lo zone = prev supp = pot sbr at bottom of that 2week plus 4017-3788 4hr/dly range. The zone likely runs 3775-3804.
... Price @ current dly hi is into this zone now through which Dly S2 and 3 x fibs of main swing hi's to 3670 swing lo from 4242 run.
------------------------------------------------------------------------------------

... The underside of the breached former ascending t/line joining 2854 with 3188 on today's daily candle comes through circa 3815.
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting mysterio
{quote} Why ??
I don't know why exactly. Just a feeling!
DXY is not falling. UK retail sale missed the target. This causes a concern to me!
My sell position is still running. I could be wrong.
hey hey
H4 & M30 bias is long now.
But Day is still short.
If price pulls back on M5 to a LL but still above 1.3768 i will buy.
in wondering about yourself, you forgot what you came here to be part of
Quoting Waveskierrob
{quote} I wish you luck
Thank you!
I still believe that GU will fall today!
Quoting Sang.Real
No trading yet, just waiting............... How our beliefs about making money at our regular jobs won’t help us in trading. There’s a difference between working for money and money working for you. In trading sometimes less is more. Often times in trading we are sitting and waiting. {image}
can I know you are waiting 1.3800 to short ?!!
Quoting Benton
{quote} I don't know why exactly. Just a feeling! DXY is not falling. UK retail sale missed the target. This causes a concern to me! My sell position is still running. I could be wrong.
Be careful. There was a lot of strong demand down at 1.37. It sounds like you're scrabbling for reasons to justify a losing position

DXY is falling ...

Just watching today no trading, interested to see what happens up at 1.3830
Quoting mysterio
{quote} Be careful. There was a lot of strong demand down at 1.37. It sounds like you're scrabbling for reasons to justify a losing position DXY is falling ... Just watching today no trading, interested to see what happens up at 1.3830
the resistance area will be interesting if not today then early next week. Cross 138–13830 then we could go further north.
Quoting JayBag
Morning Gang, It's Friday and I think we going to have a full-blown bull daily candle. Take it easy, take a break and sip a few coz it's FRIDAY SS Gang
JB, re the bull direction, GBPCAD still has that gap lower down. GC and GU both seem to move in the same direction? So would both not move lower still, before a bull run? What's your view GC gap wise?
Quoting mysterio
{quote} Be careful. There was a lot of strong demand down at 1.37. It sounds like you're scrabbling for reasons to justify a losing position DXY is falling ... Just watching today no trading, interested to see what happens up at 1.3830
Thank you for your input. My losing lot is very small, not a big deal.
My experiences give me this feeling. Once again, I could be wrong!
Quoting TrTT
AAH NOW So my Targets for tonight Lets See This is not easy --- the analysis Eurusd {image} Eurcad {image} Usdjpy --- I am holding this for a very long time now. I have lowered the Targets further. The longer I hold the lower it goes {image} No Gbp it was enough with her. Need some lip job --- jpy only --- the best in business Ok See You
Mr And Mrs Bogarts

Eurcad for you

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Eurusd for you I leave the SLs open for the first time. This was a Nice Profit I extended the Targets that a nice $700 Profit

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For Usdjpy is not that good story. Although it extended a down leg but seemed to be supported aroun 108.500. I changed my position on it when it rose to
the 109. So To my followers you can buy Usdjpy. Its a bit late but this could go to 111.000 so its never too late

Usdjpy Buys running awaiting targets

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When I am clear of the backlog I will be posting Gbpusd. Some clients accounts are stuck with JPY and so is mine. Not moving long time JPY in a tight range

Ok See You
Quoting forexer11
{quote} can I know you are waiting 1.3800 to short ?!!

Just waiting for trade set up.

I will take the trade once seeing the set up completed.

No bias yet.

After all, today is Friday.

Tomorrow is race day.

I'm not focusing too much on trade, more to tomorrow race.

Chill

Sang Real
Quoting shnackattack
{quote} JB, re the bull direction, GBPCAD still has that gap lower down. GC and GU both seem to move in the same direction? So would both not move lower still, before a bull run? What's your view GC gap wise?
Hi Shack,

If there is any currency I avoid the most, that would be CAD (IMO, it's highly manipulated AF). Having said that, both can move in different directions regardless. Since you mentioned GC, I quickly took a look and observed it has the same setup on a daily as GU. GAP? One thing about gaps is, they always fill. However, there's no time frame for it. It may take longer than expected and for that reason, I try not to base my trades on something I can't TIME.

In conclusion, GC and GU seem to be moving bull atm. (I would not short any for now)

I hope I managed to answer your question.
SS
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