Cable Update (GBPUSD)

Quoting Pat Chiko

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{quote} {quote} Apologize for late reply ,attending to my cousin brother. GU Yes, I agree with you that it is always best to wait for the 4-hour candle to close before making entries. This is a very conservative way to handle low-risk trades. In this case, coupled with the NFP data release, the formation of price towards the end of the H4 timeframe is crucial to look at. The price is forming a QM (Quasimodo) setup with price pushing up for a liquidity sweep towards the QM level. It is normal for price action traders (PAT) to go for the high-probability...

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Quoting pipfarm

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GU Lets assume that move up and down was manipulation the last push down should be an impulse , usually an impulse is followed by another in the opposite direction, there is a dip on H1 which confirms the last swing down as an impulse. So personally i will wait for H1 to start trending up before making a move for the longs side. Bar trend H1 but swing trend M15 {image} This time we could see a push to the intended target in the 2840s maybe higher because i think the Institutions will try another manipulation move with a break out to the topside...

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Quoting Coreg2004

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{quote} JereMI, you are guilty by association... If this is any consolation for you, you are not the first one.

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Quoting pipfarm

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GJmanipulation for short ? {image}

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Quoting coemxjnhxjnh

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{quote} Hi Pat Chiko, I'm new here. Could I ask you a question? Should I use better forecast than previous in addition for my trend identifying? Is that the right approach? How you use the economic calendar in your trading? Sorry if I bother someone here with my post

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Quoting Waveskierrob

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{image}

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Quoting pipfarm

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{quote} Was correct, even though i made a cheeky guess earlier

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Quoting tradexyz

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{quote} 100 turn

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Quoting Konichiwhaat

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I always find it so interesting that people try to short such a strong uptrend Personally I am long from 2789, and moved to BE once we broke 2800. I plan to carefully following it at a safe distance all the way to the top. Then I will continue to hold for a potential break out further. I like a nice 'end of week' trade. Have a great weekend everyone... there is a whole world outside. {image}

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Quoting dempire1

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{quote} what does it mean to think like retailer?

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Quoting Pat Chiko

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{quote} Hi sorry for late reply. Was away from my station. Attending Chris graduation. BTW, ADP numbers continue to be unreliable. ADP unreliable as ever as NFP data misses. Seems like theirs should be better, but they can’t seem to get it right. Remember they always revise the number published. Take the previous # April revised down by 77,000, from +294,000 to +217,000 May revised down by 33,000, from +339,000 to +306,000 June jobs data shows new US government jobs accounted for 60,000 of the 209,000 added for the month. In other words, 28% of...

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Quoting dantpm

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{quote} You market impact was correct. I suggest that this wasn't institutional traders behind the move because the volumes were very low and typically when you have institutional trading you have higher volumes. So manipulation by MM's or trading computers most likely across all pairs.

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Quoting ninner

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{quote} get a life and grow up pal!!!!

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Quoting Pat Chiko

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NFP Day ........ to run to attennd to my cousin brother, Chris graduation/convocation today. I'm proud of my cousin brother who graduated in Corporate Finance Degree. (Will post some photo later) Meanwhile, this is what GU has establish so far before NFP later. Take care and trade well. Save your bullet to trade NFP.{image} (I think this one got luck)

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Quoting Ferna

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{quote} That cousin brother thing really is a brain teaser..

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