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Cable Update - Continued 104 replies

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Cable Update (GBPUSD)

Quoting Tronis
I have some longs running today, it seems GU has bottomed out this morning {image}
Is so jumpy today that it could go either way. Nothing would surprise me!
I am neither brave nor stupid...I am just a part time trader
Quoting Moty
{quote} if you wait , you will miss the all move {image} you still gave time to join {image}
AGREED

Actually, I was just stopped out from 1.1065 to 1.1015 - that's why but, your call was excellent.
--- only constant in this world is change ---
Quoting Indiara
I have a Buy on GU again {image}

I have moved SL up to -34, which was yesterdays profit. So risk is just for yesterdays trade
I am neither brave nor stupid...I am just a part time trader
This is great! So far the plan goes by the book. We need them to give buy before CPI data to get sellers out. This is just a theory of course.
Quoting Pat Chiko
{quote} GOLD Short, as he's saying follow the trend. Lets give it a try......... {image}
GOLD

Partial closed and balance still open with positive Stop.

Final target is 1651.
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I come from the future.
Quoting Pat Chiko
GOLD {quote} {quote} {quote} I think you're confusing yourself right now. Unless you have solid plan or set up , then you wouldn't be going against the TREND. {quote} I've been shorting for more than an hour. Partial closed and balance still open with positive Stop. Final target is 1651.{image}
My GOLD LONG 1 pip in profit, so won't give up the day job just yet ...
...it is what it is
Quoting Indiara
{quote} Is so jumpy today that it could go either way. Nothing would surprise me!
Yes, it is. Also doing some other quick longs in case it turns around and to keep my broker busy
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Quoting Tronis
{quote} Yes, it is. Also doing some other quick longs in case it turns around and to keep my broker busy {image}

That's wonderful.....so well done
I am neither brave nor stupid...I am just a part time trader
Quoting Pat Chiko
GOLD {quote} {quote} {quote} I think you're confusing yourself right now. Unless you have solid plan or set up , then you wouldn't be going against the TREND. {quote} I've been shorting for more than an hour. Partial closed and balance still open with positive Stop. Final target is 1651.{image}
I never confusing myself..
Main key in forex just manage ur MM..
if you check here I just only loss in gold and gbpjpy..
But I still believe both of them will buy soon..
GBPJPY MY NEXT LEVEL TO BUY AT 159

Gold buy tp 1782
gu sell tp 1.10, and buy limit at 1.10 tp 1.159
eu sell tp 0.963, and buy limit at 0.963 tp 1.012
usdjpy buy tp at 147.7
usdcad buy tp at 1.393
gbpjpy buy tp 167.1
gbpaud buy tp at 1.788
Quoting Waveskierrob
{quote} I'll make you sad ....LONG GOLD 1663 ....
Closed LONG GOLD 1667 +4 pips, tooo much stress
...it is what it is
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GU

I'm talking macro now not TA.
You may skip this post , it is boring post.


The Bank of England expands bond buying to avoid fire sale.
Read that again:
Fire sale of UK government bonds.

If BoE turn of the taps while this mad govt is still in charge watch the pound plummet.
The market knows the government is increasing inflation & refusing to tax the people who have the money ( transferred in the pandemic ) that’s causing inflation.

I'm just waiting for the sweet spot to SELL GU, but it must comes with some high impact news.
Meanwhile, I just scalp a bit following Market Maker trying to find liquidity.


Soon , The BOE will push through an emergency rate rise to restore global confidence in UK policy-making and head off a potentially dangerous cliff-edge when its bond support operation expires.

This doesn't sound good
I guess they choose inflation.....................
I come from the future.
Quoting Waveskierrob
{quote} Closed LONG GOLD 1667 +4 pips, tooo much stress

Lol..... stress just by trading GOLD ?
Just imagine the guy "Mr T" got to physically carry tons of gold in film set....... He's much more stress than you...
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I come from the future.
Quoting Pat Chiko
{quote} Lol..... stress just by trading GOLD ? Just imagine the guy "Mr T" got to physically carry tons of gold in film set....... He's much more stress than you... {image}
Exactly...
...it is what it is
Quoting Waveskierrob
{quote} Exactly...
Waveski is trading....
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...it is what it is
Quoting vulcann1
{quote} No I do not know how to suspend some one, I have been trading for 14 years and decided to share.
You remind me of RickM. By looking at your charts you do seem to be doing the same thing as him. Daily highs, Weekly highs etc..

I was reading Flying Dutchman forum in the past.. it's interesting.
Quoting Indiara
{quote} I have moved SL up to -34, which was yesterdays profit. So risk is just for yesterdays trade

I have moved SL to protect my trade, so now is free trade. Is too jumpy to keep negative SL any longer
I am neither brave nor stupid...I am just a part time trader
Quoting Moty
{quote} if you wait , you will miss the all move {image} you still gave time to join {image}
These days you trade excellent.
Intraday only.
Quoting Pat Chiko
GU I'm talking macro now not TA. You may skip this post , it is boring post. The Bank of England expands bond buying to avoid fire sale. Read that again: Fire sale of UK government bonds. If BoE turn of the taps while this mad govt is still in charge watch the pound plummet. The market knows the government is increasing inflation & refusing to tax the people who have the money ( transferred in the pandemic ) that’s causing inflation. I'm just waiting for the sweet spot to SELL GU, but it must comes with some high impact news. Meanwhile, I just scalp...
Germany backs joint EU debt for loans to tackle energy crisis

EU also chose inflation it seems. Can't wait to start buying USD on Thursday.

This is awesome..Pound and Euro continue to rise..
Quoting Indiara
{quote} I have moved SL to protect my trade, so now is free trade. Is too jumpy to keep negative SL any longer
There we are, +35

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I am neither brave nor stupid...I am just a part time trader
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