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Cable Update (GBPUSD)

Retail traders are increasing their short positions:
https://www.dukascopy.com/swiss/engl...tch/sentiment/

There are a lot of traders on here going short.

I've had no trades this week, we have finally had a breakout today.
BTC/USD Trend Following EA Beta Testing All Time Return: 66.6%
Quoting dantpm
{quote} Expectations or forecast, very close to previous. Data like this is already priced in to the market.
exactly, good info.
Equality will be the next big thing in trading
Quoting ScalaFX
{quote}SL hit, wow what a ride, ideal time to start shorting now 2538, pendings 45, 50, 55, 60, 65, 70
risking more, hope this is good decision, 75 added, pendings 80, 95 and 90, I dont want more
People don't plan to lose. They lose because they don't plan.
Quoting Coreg2004
{quote} AyoLouie07, I would encourage you to include range trading in your playbook. There are many methods to trade the range, here is mine. If you have the platform with a reply mode, you can practice harmlessly on weekends until you get a good feel for it. Maybe a momentum indicator would be of good use to prevent you from entering the trade sell/buy in an oversold/ overbought zone. You need to figure out these issues going forward b/c there is no other way. Good luck. {image}
Yesterday GU made the ID/NR4 bar so today's expectation was for an extended range. Also, a potential deep crab pattern formed in the morning.
https://harmonictrader.com/harmonic-...-crab-pattern/
Attached Image (click to enlarge)
Click to Enlarge Name: GU 04.28 15M.png Size: 47 KB
Always trade your own plan...I don't provide trading signals.
Am short for 15-20 pips
Equality will be the next big thing in trading
let short it ..
counter trend
averaging
martingale
its my style
lol
You have to go back to 28 April 2022 to find similiar levels as april 28 2023.
Just saying…
Equality will be the next big thing in trading
why selling into new yearly high?

patience and wait for setup
you dont need to put ur money in every movement,



1.26 and 1.27


buyers waiting at 1.22 and 1.21


overall target 1.30 1.32 between Q2 to Q3
MY OPINION NOT FINANCIAL ADVISE
I am still in with my original longs, holding and moving SLs up not shorting yet
It's okay to be wrong sometimes.

I think it's only logical that analysis comes first before clicking the buy/sell button and not the other way around.

Let us stop fooling ourselves and justify trades which we clearly missed, finding hope in a hopeless position is draining.
The market hides a perfect geometry.
just saying..
sellers hold your breath..
possibility top bulls is 1.2612 at mid bb monthly
This is a break out, lots of retail were short don't go against trends or it will eventually bite you. Wait for support and break of that support u less you have stops in place

Got to think where big money is
Quoting Mitiblotch
{quote} I would actually love it to hit near 1.26 so I can sell some. I bought some for the nice ride and out now.
Oh glory! What a erection!
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
short now 125 775
Quoting Coreg2004
{quote} Yesterday GU made the ID/NR4 bar so today's expectation was for an extended range. Also, a potential deep crab pattern formed in the morning. https://harmonictrader.com/harmonic-...-crab-pattern/ {image}
The professor!

I saw 63% sellers and knew blood was about to be spilled everywhere. The blood of bears, that is. I bought me some but I was over leveraged for my liking so went out with good profit but missed out the beautiful rise like the Statue of Liberty
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting spacca
short now 125 775
atleast wait 1.26
Never, ever argue with your trading system
sell order initiated. Next sell order 1.26. TP 1.238
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1504284.png Size: 29 KB
I break of 1.258 should see us get to the 1.26 I hope then I'll hit my TPs
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-04-28-16-56-40-330_com.avuscapital.trading212.jpg Size: 348 KB
Quoting Mitiblotch
{quote} The professor! I saw 63% sellers and knew blood was about to be spilled everywhere. The blood of bears, that is. I bought me some but I was over leveraged for my liking so went out with good profit but missed out the beautiful rise like the Statue of Liberty
glad you were on the right side Miti! i was working when the mega move happened, but i delibirately had 25% of my positions with no tp so they kept running. When i discovered the move i kept adding at 1.2525, the bears must have added a lot of fuel indeed.
Equality will be the next big thing in trading
Damn Cable is on a teer
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