Cable Update (GBPUSD)

Quoting JackintheBox

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Here you can see why the big boys habe an advantage over you: They currently sell their (wrong) shorts from the morning into market liquidity: The just need time to unwind their positions (today shorts). {image} Of course they cannot even sell 20% of the whole drop that morning like that and also not in that short amount of time. But that doesn't matter for them. They just have to buy back a bit to that quotes,- the overall result is important for them. They use lots of position and money management so it is enough for them to trade like that. When...

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Quoting JackintheBox

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{quote} That's perfectly fine. I try to trade as short as possible, that's why I take such trades. For me it is easier to calculate short moves because for me it gets more and more difficult to "predict" future movements up or down the longer the time frame of trading is for me. The technical reason behind that is: The longer the big boys have time, the more crazy moves they can do because they have the time factor of unwinding positions on their side. I try to avoid that. Cheers

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Quoting birdland

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imo these are buy levels. (1.2540)

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Quoting turnip15

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{quote} Looks that way? {image}

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Quoting randu

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2nd test.... long 1.2545

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Quoting turnip15

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{quote} Looks that way? {image}

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Quoting birdland

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{quote} yes, everything is there. ADR low, dailyS3, and below 1.2525 are many supportlines. BUT the market is as we know unpredictable. its just probabilities;-)

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Quoting T721

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{quote} I only trade manually, No tp No sl ever ---- The Brokers can see all, your tp and your sl -- dont let thefuckers fuckyou

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Quoting birdland

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{quote} yes maybe, i have them in place but often i close them also manually before the get triggered. but i cant stand sit in front of the PC all day...thats my weakness;-)

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Quoting birdland

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{quote} yes, everything is there. ADR low, dailyS3, and below 1.2525 are many supportlines. BUT the market is as we know unpredictable. its just probabilities;-)

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Quoting Yngwie

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enuf for bears. Long 1.2537

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Quoting eyefeelsix

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{quote} Profits taking day --- myEW in more detail {image} Simple view post #14561231

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Quoting ScalaFX

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{quote} closed partial now, loss from yesterday recovered plus some rest protected and now free ride, TP still 2500

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Quoting TheWraith

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{quote} I'm out of positions including CHF/JPY Short I had up there. With USD/JPY approaching 147 again, I'll just sit here and wait for either strong Short signal or intervention by Japan from this point. I stopped donating my money with those Shorts on Yen pairs! Also, I payed interest every night due to other CB's having higher IR's. One should start buying Yen when either recession comes (other CB's cutting rates) or Japan intervenes. I'm talking about long term trades (weeks and months).

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Quoting ScalaFX

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Started selling GOLD, first 1938, pendings 1940, 42, 44, 46, 48, 50 mid term SL 1960, TP under 1900, lets see

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