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

At the current rate, this time next week the £ will be at 1.24
Quoting MrFanciful
At the current rate, this time next week the £ will be at 1.24
possibly…
Insane in the Brain..
Quoting elbert3
Looks like another 15 pip long entry again
Can we get to 1960
you would think this would be the time it pulls back a bit... But, since the market wants to just keep smashing up...why not lol,
Quoting Bella.al
{quote} Current Rate : 1.18673 I am +111 Pips as i write this . I have moved my Trailing Stop to 1.18155 ( +60 Pips Locked ). -Bella's Blue {image}
Current Rate : 1.19032

Took Profit at 1.19067 = +151 Pips

-standing aside

-Bella's Blue
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Goddess of Thunder..
Second sell added at 1.1903....
600 pips without serious retrace , wtf ?!?!?
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Quoting Moty
600 pips without serious retrace , wtf ?!?!? {image}
doesn’t make sense but the market just does stupid things. A retrace to 116 -117 would make better sense.
Insane in the Brain..
Quoting GGekkoGreed
you would think this would be the time it pulls back a bit... But, since the market wants to just keep smashing up...why not lol,
It usually pulls back when retailers get tired.
I mean, look at yesterday's painting of a bear picture while all along they wanted it up here lol..

I don't expect anything different today or tomorrow
Patience is paramount
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short stop above
Quoting Moty
600 pips without serious retrace , wtf ?!?!? {image}
Just built on all of those trying to short it!
...an upside follow-thru on last week's big bullish wkly thrust engulfing x 2 candle was always more probable than not - even after Monday's pullback.
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Just hanging around for the U.s PPi.
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Quoting dantpm
{quote} Just built on all of those trying to short it!
..that's right and the ' tight ' stops of those in long positions.
Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Rising that much with PPI soon ? Sounds fishy

And nasdaq up 2%....imagine soft PPI, then limit up, but strong PPI....BIG flush
COT: The precious data ignored
Quoting Moty
600 pips without serious retrace , wtf ?!?!? {image}
This is how to lose money trading, trade counter-trend and then pray for a retracement!

I have to admit I do it too sometimes.
Price = the amount a greater fool is willing to pay!
I can't wait to see the headlines of "Despite Brexit, Pound goes from 1.13 to 1.19 in a week."
Quoting kuroro001
Rising that much with PPI soon ? Sounds fishy And nasdaq up 2%....imagine soft PPI, then limit up, but strong PPI....BIG flush
' Fishy ' lol - you'll be saying it's Q next, or that it's those pesky institutions wanting to take the retail stops !

It is what it is and the market is never wrong! It's moving, there is volatility and momentum, it doesn't matter why, if technical trading. Traders should stop trying to 2nd guess it.
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86% 30day adr traveled lo-hi so far today.
Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting Headland
{quote} ' Fishy ' lol - you'll be saying it's Q next, or that it's those pesky institutions wanting to take the retail stops !
I have to agree. Nothing fishy at all.
Price will always go where it wants to go... MM are only good at throwing us off with how they set these candles up

Besides that, price will always go where it wants no matter our opinion
Quoting JayBag
{quote} I have to agree. Nothing fishy at all. Price will always go where it wants to go... MM are only good at throwing us off with how they set these candles up Besides that, price will always go where it wants no matter our opinion
That leads me to ask, where does the price want to go? and how to know that?
Success = Practice + Patience + Persistence
Quoting Headland
{quote} ' Fishy ' lol - you'll be saying it's Q next, or that it's those pesky institutions wanting to take the retail stops ! It is what it is and the market is never wrong! It's moving, there is volatility and momentum, it doesn't matter why, if technical trading. Traders should stop trying to 2nd guess it. ------------------------------- 86% 30day adr traveled lo-hi so far today.
True, i don't try to think

But 170pips before an important release? What's left for buyers? unless they know something

I don't chase this upside momentum as a flush is near for the short term
COT: The precious data ignored
booked all trades
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Best part legally I cannot open a live account
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