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Cable Update - Continued 105 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

next long 2130
People don't plan to lose. They lose because they don't plan.
The first entry for long was a mistake
The entry should come after a tiny move in one of the directions
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Quoting JackintheBox
{quote} Wow, thank you. Did not see that. Would explain the harshness of selling. Again, same pattern like in the morning. I don't think it is missing volume. It's still selling volume. Reduced my long to 1 avg. long now, small loss for the day currently. -Ah, I just see that was probably a mistake, market just jumped up 4 pips lol. But I'm fine with it. My aim should be to be +/-0 and not to make big hit today.
Now I sold everything with a small profit at 1.2131. May be it was enough upward move now to start a buy rally but i'm not sure. As Georginson said before, AWR (week) range has to expand much more and I don't expect it to the upside, also ADR today too low still. May be I´m wrong but I expect new lows today. Only triangle speaks against new lows but it was tested at 1.2117 around, it hold but can it resist a new test? I'm not sure. It's gamble now for me so no position. 1/3 of avg. daily earn, i'm happy under such conditions.
Pretty sure this sentiment thing is going to continue to be an anchor on GU!
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Quoting dantpm
Pretty sure this sentiment thing is going to continue to be an anchor on GU! {image}
Also on dailyfx.com GBP/USD +2% (73%) long... lots of money to take from the table for big boys.
Quoting JackintheBox
{quote} Also on dailyfx.com GBP/USD +2% (73%) long... lots of money to take from the table for big boys.
What I like about the FF numbers is that they update during the day. I don't believe DailyFX does that.
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#doyourownanalysisordietryin
Quoting dantpm
{quote} What I like about the FF numbers is that they update during the day. I don't believe DailyFX does that.
dailyfx do take their sweet time to update. Especially the data
Insane in the Brain..
It's time to climb to the top
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Quoting JavadZohani
It's time to climb to the top {image}
First it reaches the target of 1.20700 then back to 1.22
WT
Quoting Bartosz77
{quote} First it reaches the target of 1.20700 then back to 1.22
And then a deep dive again (next month)
WT
I recommend myfxbook for retail sentiment, it shows tens of thousands positions compared to just 200 on this site. Retail sentiment is a powerful tool if used correctly. You often have pairs that go up to 95+% of retail traders buying/selling and the market always going the other direction. Especially towards the end of a trend when retailer get squeezed hard. For example recently eurnzd had 99% of retail traders shorting for over a week and it still went up, it works like a clockwerk. GU right now has 86% long.
Quoting Bartosz77
{quote} First it reaches the target of 1.20700 then back to 1.22
Yes, you are right
But the market never moves forward as we think
But before reaching 1.20700, we have an increase in time of 15 and 30 minutes, short but suitable.
First time price is above m1 200 ema nand since lo
Come on come back
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come on GU fly for us baby!
Quoting Moty
First time price is above m1 200 ema nand since lo Come on come back {image}
Long here @ 1.2127, SL 1.2110, TP 1.2355
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In short-1.2133
Tp- LL- below 1.2034
Sl-1.2152
I m Short UJ
sl 20 pips
tp open
Quoting Moty
First time price is above m1 200 ema nand since lo Come on come back {image}
Wow...
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