Cable Update (GBPUSD)

Quoting Reverso

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A word of caution for Shorts, the area 1.21232 - 1.21381 was a strong resistance many days ago, this week we broke through it, and now it looks like this area going to act as support to continue the longer term uptrend from here. As per my system, the 2W pivot area is 1.18985 - 1.19624, as long as price stays above it, the long term trend is Up, and this 2W pivot will be valid until end of this year as per Fischer's book, so 1 year only need to calculate 2 times for 2W pivot, one for Jan and one for July, each last for 6 months. A close above 1.21381...

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Quoting JereMi256

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Long 1.2124 SL 1.2106 TP Manual

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Quoting Theoak

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{quote} Reverso... "the Hobbit" is a good read. You will learn more in that book about trading than 99% of trading books. I have read a lot of books on system and strategies and come to the conclusion... you have got to do it yourself - Back test. For your own confidence and belief and know win to loss ratio. I don't know what system you use, but you will lose and you will win.. Just win big and lose little The only thing you can do is back test. What I do (not saying its right for you) is to hit the target (or nearly sometimes*) and then trail....

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Quoting Reverso

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{quote} I searched "The hobbit", i even added the key word "forex / trading" but the result points me to the Hobbit Story instead of Forex related. Do you have more specific key word? Such as the author's name so I can pinpoint the search result?

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Quoting JereMi256

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Long 1.2124 SL 1.2106 TP Manual

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Quoting Reverso

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{quote} The setup is finally here soon, in about 5 mins, the M15 candle will close, a potential Long trade you can take. In an alternate universe, I would be taking that trade, but not in this universe, I am not greedy. {image}

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Quoting Theoak

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{quote} Try j. r. r. tolkien. Why does your system work? (Me)I feel the big edge for my system is momentum. I read your post nearly hitting your target then you ended up with a losing trade. How did that make you feel? I know you said in your post that as long as you follow your rules then you are happy. or is it a EGO thing. Do you have to be right? This is an important point. I suffer with EGO, so I know what it is like! Now if you would have taken profit then set a runner. If you hit your target happy days (and just let it run even a happier...

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