Cable Update (GBPUSD)

Quoting Sang.Real

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GU Scalping mode target 20 pips per scalp position. Price ranging around 30 pips in between SNR zone. Just scalping until NYO/FOMC later. {image}

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Quoting gatenio

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{quote} NOBODY KNOWS this is my view, below 1760.XX this will failed. in FOMC we trust {image}

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Quoting mysterio

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{quote} Closed for +20,back in scalp mode, usually when i decide to go back to taking small profits is when it makes a big move so watch out

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Quoting babayaga

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{quote} I was thinking below 1777 with confirmation 1770 have to fail

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Quoting Ihlas

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{quote} On the same page. I see 1.39286 then drop

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Quoting Sang.Real

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The bad news is that whipsaws can be brutal!

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Quoting Sang.Real

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{quote} Mysterio Sirs, I admire your discretionary styles day-trader that always moves your stop in your favor immediately. In this most of your cases, move the stop to breakeven once the trade shows enough profit. The stop can be trailed as the market continues to trend, but not too tightly. One more point , I would like to add is a great majority of the gains can occur in the last hour as the trend accelerates, try not to exit prematurely. Try to hold on to the last leg of trend trade. Wish you all the best Sang Real

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Quoting babayaga

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again little scalping with gold for 7 pips {image}

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Quoting Sang.Real

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GU When a market consolidates, buyers and sellers reach an equilibrium price level -- and the trading range tends to narrow. See H4 chart below When new information enters the marketplace, the market moves away from this equilibrium point and tries to find a new price, or "value" area. Either longs or shorts will be "trapped" on the wrong side and eventually forced to cover, aggravating the existing supply/demand imbalance. In turn, the increase in price momentum attracts new market participants, and pretty soon a vicious cycle is created. We know...

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Quoting mysterio

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{quote} Thanks for these posts bro. Your charts remind me to stay grounded and to identify what stage/mode the market is in and to trade accordingly. Your study and hard work & practice is evident. As for GU, I would like to see the 1.3860 zone to break before shorting pullbacks https://www.tradingview.com/x/hY7BwCli/ This base is still buyable https://www.tradingview.com/x/Dfw1W0l6/

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Quoting vickytej2301

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hard times for bear

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Quoting OnlineAddict

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FED might take this up again, just to discourage bears and then a big dump should come. I hope it goes back above 3900 before or during FED, would be a nice confirmation of a drop.

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Quoting vickytej2301

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hard times for bear

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