Cable Update (GBPUSD)

Quoting Konichiwhaat

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{quote} Buys closed. Sells triggered. Down, up, and down again, in 24 hours? We shall see. If so, it will be on of my most "in sync" trading sessions ever

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Quoting greed

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{quote} At least looking at the macro i believe the tides have turned. the CPI came in too high and the core is not going down and also yesterday the average earnings index way too high. in addition very strong GPD last week.....in my humble view i dont see real potential for a short position. technically in the H1 it looks a little bit like a wyckoff accumulation which broke the improtant s/r and also the decreasing trendline got broken. i will look out for the area @~1.2840, give or take. {image}

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Quoting Reverso

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Bonjour gentlemen, Hereby I am about to enter and share 1 of my rare A+ setup. Enter SELL if M15 close below 1.27320. SL recent high 1.27672 Confluences: 1. I use a special kind of MA that has a very high probability of getting respected, as you can see so far in Aug price never close above it and reject it to go down, major trend still down. 2. If I took the entry, it also means price closed below "1st day of month low". 3. Price action wise, multiple rejection towards the "1st day of month low" with long up wicks, it also printed an inverted V...

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Quoting voeltoez

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lets kick from here..H1 mid bands rejected.. {image}

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Quoting dantpm

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{quote} Too many retail traders trying to go short! No news catalysts. This is a case of MM's doing what they do best, manipulation!

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Quoting GeePee

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{quote} Can you explain this setup? I reach at same conclusions by using DXY but it seems you are catching the trend earlier every time.

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Quoting Moty

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{quote} It is a well-known fact that an hourly chart is the chart with the lowest time frame that is recommended to trade because of the volatility of the charts with the lower time frame than it, so I simply took the awesome escalator oscillator which is based on a simple moving average and made it faster with the macd oscillator which is based on an ema moving average {image} {image}

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Quoting Enagy

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The great moty

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Quoting dantpm

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{quote} Too many retail traders trying to go short! No news catalysts. This is a case of MM's doing what they do best, manipulation!

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Quoting Reverso

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{quote} Trade materialized and entered. Sell entry 1.27219 SL 1.27672 Price was moving up today and reached the end of the special MA, unable to break and close above it, then did a V reversal to the downside. To hit SL also means price need to break the MA, the MA as mentioned has a high probability of being respected. Let's see how the trade goes. {image}

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Quoting purevenom

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{quote} Same here. By mistake i pick wrong lot size of 1 for my $300 account. I got very lucky i hit 150 pips jackpot. Greed kick in i didn't reduce the lot size, but i was still lucky it got to $4k in less than a week. But finally reality hit me. In 3 days it goes to 0 because i increase the lot size like mad when i took wrong trade. I even keep the explorer still as a reminder though i hardly learned the lesson. {image}

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