Cable Update (GBPUSD)

Quoting MrFanciful

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Ok then...The 50 pip up move that started at 9am...How did you know to sit that one out? Same with the 46 pip down move immediately after? How did you know that those weren't the start of a larger move and worth jumping on? The down move right now...Anyone going down with it? Or do you know to sit this one out? Is it just making an equal low or will it break through? If it breaks through, are you riding it down, or is it a stop hunt? I'm serious, this is how my mind thinks with this. As such my trading is very erratic

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Quoting Moty

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{image}

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Quoting Pat Chiko

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{quote} GU gimme one spike to take out SL. In case ,seller over run it may go down and take next LQ level. Waititng for my N3 for bigger discount price and cheaper. NO HURRY to N3 now..... it's only a trap set on FOMO trader.{image}

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Quoting Pat Chiko

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{quote} GU OB for LQ for this NY round to clear all buyer.{image}

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Quoting GGekkoGreed

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{quote} Nobody knows really... It's all about probabilities... supply/demand that kind of thing... Which is why Fx trading is probably one of the most difficult things to learn... takes years... but if you follow social media you wouldn't think that...

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Quoting MrFanciful

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Ok then...The 50 pip up move that started at 9am...How did you know to sit that one out? Same with the 46 pip down move immediately after? How did you know that those weren't the start of a larger move and worth jumping on? The down move right now...Anyone going down with it? Or do you know to sit this one out? Is it just making an equal low or will it break through? If it breaks through, are you riding it down, or is it a stop hunt? I'm serious, this is how my mind thinks with this. As such my trading is very erratic

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Quoting Pat Chiko

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{quote} GU SHORT Scalp{image}

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Quoting MrFanciful

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Ok then...The 50 pip up move that started at 9am...How did you know to sit that one out? Same with the 46 pip down move immediately after? How did you know that those weren't the start of a larger move and worth jumping on? The down move right now...Anyone going down with it? Or do you know to sit this one out? Is it just making an equal low or will it break through? If it breaks through, are you riding it down, or is it a stop hunt? I'm serious, this is how my mind thinks with this. As such my trading is very erratic

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Quoting MrFanciful

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{quote} I don't expect it to be easy, not want it to be. Anything worthwhile needs to be worked at. But I'm objectively getting worse.

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Quoting MrFanciful

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Ok then...The 50 pip up move that started at 9am...How did you know to sit that one out? Same with the 46 pip down move immediately after? How did you know that those weren't the start of a larger move and worth jumping on? The down move right now...Anyone going down with it? Or do you know to sit this one out? Is it just making an equal low or will it break through? If it breaks through, are you riding it down, or is it a stop hunt? I'm serious, this is how my mind thinks with this. As such my trading is very erratic

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Quoting Pat Chiko

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{quote} GU depending on luck if target can reach later. If no luck it will be stopped out.{image}

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Quoting Pat Chiko

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{quote} GU depending on luck if target can reach later. If no luck it will be stopped out.{image}

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Quoting Bella.al

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{quote} Current Rate : 1.14749 Well, nothing has happened what i am expecting , GBPUSD dips below the Pivot Point 1.14480 . Waiting Patiently. -Bella's Trend Cycles. {image}

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Quoting GGekkoGreed

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{quote} Nobody knows really... It's all about probabilities... supply/demand that kind of thing... Which is why Fx trading is probably one of the most difficult things to learn... takes years... but if you follow social media you wouldn't think that...

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Quoting Indiara

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My first losing day in quite some time today. But it's just -6 pips so after yesterdays nice win, I think giving 6 pips back to the market is ok. I feel much better today and I think I will be back to 100% very soon. Good luck for NY market, I will go to my bed now as it's sleepy time for me. I hope you all make some pips I might have a look in at Tokyo tomorrow, there maybe something there for me, but if not, I will see you all for the Frankie hour tomorrow Nightyyy Indiara

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Quoting billytt

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{quote} You have made an excellent point. We have a move up/down, down/up no retailer knows will it keep that direction. But they look for clues, is price heading to a level, a support/resistance, a breakout . Is it in line with the current trend <<<< that doesn't bother me. If you then see it alongside the daily range you will get a better insight into the probability of it continuing. That is the easy part, now is take profit. This kills a lot of retailers as they are greedy. Trade well.

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Quoting MrFanciful

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Ok then...The 50 pip up move that started at 9am...How did you know to sit that one out? Same with the 46 pip down move immediately after? How did you know that those weren't the start of a larger move and worth jumping on? The down move right now...Anyone going down with it? Or do you know to sit this one out? Is it just making an equal low or will it break through? If it breaks through, are you riding it down, or is it a stop hunt? I'm serious, this is how my mind thinks with this. As such my trading is very erratic

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Quoting Lbrto

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{quote} I'm curious to know what indicator do you use... I'm into volume, OBV, ADX, and MACD, apart from the usual MA (exponential) and how you described your thought flow is also how my mind goes... It's always the fear of missing out.

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