Cable Update (GBPUSD)

Quoting LifeRider

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I'm aiming for Cable to reach 23.6% of the total move up which conveniently lines up with 78.6% of the recent weekly swing up: {image} I will most likely close out my shorts and start buying blind. I will enter shorts if the 1 hr and 4 hr structure down holds. Don't copy me - I'm still learning. I'm not using a stop loss currently. Thank you.

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Quoting Moty

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{quote} Sl moved to be {image}

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Quoting LifeRider

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{quote} I still don't have a reason to get out: {image} The 5 min move up showed clear signs of fizzling out and then the bounce off the fib: {image}

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Quoting Ehminiz

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I’ve decided not to trade this week, will wait for my prop firm payout on Thursday. then start new week with a fresh acct. 10% payout is really worth it. Wouldn’t want to loose profits made. And lots of red folders this week. so, I will be learning from y’all

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Quoting LifeRider

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{quote} A local 5 min high was broken after bouncing of the local fib. Entered a long position {image} I'm targeting my lowest short in case it does move up. If it moves down, I'll deal with it later.

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Quoting LifeRider

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{quote} I've put a break even stop on the long as the price has cycled down again. {image}

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Quoting LifeRider

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{quote} This is why I prefer take profits rather than stops {image}

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Quoting Moty

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{quote} Sl moved to be {image}

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Quoting navk

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I just bought GU. London always gives an entry

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Quoting Ferna

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{quote} Yeah, i’m thinking not many central bankers have said they are positive to it except Lagarde. Feels like all the investment banks are positive. It wouldn’t surprice me if this was more an innovation of corporations trying to take over central banks rather than central banks trying to make monopoly on money.

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