Cable Update (GBPUSD)

Quoting TheWraith

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Once again price near critical Support at 1.2592. This HL has to hold for Bulls! Tommorow will decide. If Support fails, price will fall according to Georginson's average range for September somewhere around 1.19. Although, Monthly S2 is 1.215. We'll see tommorow.

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Quoting Robinhood1

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{quote} I was expecting to enter 1.7112 but it stopped for an hour 24/30. A few pips DD for a huge profit. Target above 1.7800

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Quoting BeeGold

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Terry is a good guy and a teacher, in vain you are so! Do not judge and you will not be judged!

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Quoting Nordling

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{quote} People who know me from the past knows that i am a BS detector and i have dealt with many scammers and i kicked them out of this side of the forum. For example: Pipa, Suthmo, JayBag. I have 0 tolerance for scammers and salesmen. I know that T may look suspicious at first, but i zoomed with him once, just out of curiosity and in order to know him better. Turned out he is a wonderful guy! He didn't ask for anything, i think trading is his passion and he loves discussing, sharing and exchanging ideas. I know, you won't believe me since we don't...

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Quoting TheWraith

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{quote} So far only Harker came out with comments that Fed is in his view right where Fed needs to be and further rate hikes aren't necessary. However, Harker is considered a dow while we are yet to hear opinions from hawks and of course Powell's opinion which in the will end will be the most important.

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Quoting Georginson

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{quote} 1.21 may be a step too far even in September, as that month will be the last month of the third quarter. A normal quarterly range is usually between 570 - 750 pips. So far this quarter has done 528 pips (1.3142 - 1.2614). Even if we are to have a full blown quarter range of 750 pips (1.3142 minus 750 pips) that will be 1.2390... this means that the lowest price may go in September is 1.2390, while the average possible price for September is 1.2530. These are simulations which may be wrong.

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Quoting BeeTogether

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{quote} that should be tonight right?

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Quoting TheWraith

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{quote} So far only Harker came out with comments that Fed is in his view right where Fed needs to be and further rate hikes aren't necessary. However, Harker is considered a dow while we are yet to hear opinions from hawks and of course Powell's opinion which in the will end will be the most important.

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Quoting Georginson

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{quote} 1.21 may be a step too far even in September, as that month will be the last month of the third quarter. A normal quarterly range is usually between 570 - 750 pips. So far this quarter has done 528 pips (1.3142 - 1.2614). Even if we are to have a full blown quarter range of 750 pips (1.3142 minus 750 pips) that will be 1.2390... this means that the lowest price may go in September is 1.2390, while the average possible price for September is 1.2530. These are simulations which may be wrong.

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Quoting BeeTogether

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{quote} that should be tonight right?

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Quoting dantpm

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{quote} Harker is considered a dow, maybe a dove?

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Quoting purevenom

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I don't like it. It's hardly bouncing. I wont regret if my b.e get hit. {image}

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Quoting Robinhood1

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{quote} If it does not hit 7112, after 150 pips will come back down to close this mini gap, just like Chfjpy the other day. . Wicked

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Quoting purevenom

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{quote} So yeah, i switch. Hopefully i get 1.260 before i go to sleep. Fib extension quiet good for scalping. If it's go down, drag it from the first LL to the LH. I guess tool depend on the user. Not everybody can ride a unicycle. Everybody have their own preference. {image} Closed switched long. if it don't give me room for b.e i will close it {image}

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Quoting TheWraith

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How about fake Asian break below 1.259? If some Session is known for fake breakthroughs, it's Asian Session.

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