Cable Update (GBPUSD)

Quoting Whale

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{quote} Closed all longs @ 1.2671.. I will wait a bit for further execution

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Quoting Moty

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{quote} Like yesterday, classic retracement from daily s3 to s2 and back Now it's the same movement from weekly s2 to s1 and back Take short with sl above 1.26800 , if it not too late The target is 1.25000 The gap in the dx can close even a month ahead {image}

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Quoting HaLBot

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Not wanting to hand out any hopium here but if Euro can rise back to 1.0900 then cable should do same and hit 2700 {image}

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Quoting montygoldy

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Missed all the moves…. Even missed my buy limits.. bought us30 for 100 points…. positive sl… {image}

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Quoting Advice777

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Not surprising seeing GU buying I said it in my post yesterday that GU will retrace up because the candle suggested to me DAX was retracing down. A good trader will earn decently before New York session taking buy scalp only unless otherwise. This makes it even more painful for me. I foolishly threw away golden opportunity to earn from the market. Now I know the importance of my trading capital. Wished it was possible to magically restore it back.

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Quoting montygoldy

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{quote} same i have buy limits 2010 to 2015

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Quoting montygoldy

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{quote} rare case when i get such an amazing entry… currently this trade is open in all of my accounts…. {image}

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Quoting Advice777

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{quote} Your trading style is 100% similar to mine. Only difference is that I trade under high pressure trying to make a living from a small account thereby leading to emotions. You on the other side have a high paying job, a career, back up plans etc. My greatest mistake was not investing the funds into buying a challenge account. A 50k challenge account has a daily drawdown limit of $2500 and overall drawdown of $5000. With the rules, no way I would allow account hit $2000 loss when I realised what it would take to bring capital back to its original...

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Quoting HaLBot

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{quote} Okay Advice have you analysed what percentage of time this inverse correlation occurs between Gbp and Dax? If true could be a valuable piece of data

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Quoting voeltoez

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trade with no worries..im done today. {image}

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Quoting Advice777

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{quote} Are these thousands of dollars earning for real? With these you should be a dollar millionaire in 2 to 3 years like Chiko.

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Quoting Headland

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...so that potential sbr kicks in @ the current dly hi...potential for a bullish exp tri on 1hr, where a point 5 long entry could be a fib retrace or ext of move 3-4. 38.2% of the move up reached @ the current p/back lo 1hr below {image}

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Quoting Advice777

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{quote} That is why I said buy scalp. Now take a look at the current 1h candle on DAX. Will you buy or sell GU. Secret most don't realise yet is that the American dollar is what pushes most currencies up or down. It is prudent to analyse trade from the dollar chart first than just placing buy and sell on GU. If you see strong buy going on dollar index, and gold, gu EU etc. going up simultaneously, know that rigging and manipulation is taking place. Dollar index and GBP/USD often move in opposite direction but where this is not the case, it becomes...

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