Cable Update (GBPUSD)

Quoting JackintheBox

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{quote} Paying debt's back... or better say: Taking new loans will get very expensive now. They hoped for lower rates to borrow more money cheap but that is gone and fuels more debts to us very fast which can lead into a collapse - if US-Dollar gets attacked too much (never happened for decades).

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Quoting BeeTogether

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A good week for me, in fact my best week in early 3-4 months {image}

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Quoting navk

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{quote} OK, But there are many here including me. We never trade without a stop loss. Trading at exhaustion levels ( especially hourly ) may not yield good results always. But for january, the price in range. So will give good results. I never trade O/B, O/S because, I can not define my stop.

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Quoting Godspromise

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{quote} you use the higher time frame to lower time frame to gain direction and lower time frames to enter trade sound exactly the way I'm learning to trade

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Quoting BeeTogether

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A good week for me, in fact my best week in early 3-4 months {image}

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Quoting MrFanciful

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Jesus...The US is in trouble {image}

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Quoting elude

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https://www.youtube.com/watch?v=ARzuXxj4ilk

Buy limit @ 1.2630; SL 1.2600|30 pips; TP 1.2720|90 pips

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Quoting Zebi

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{quote} oh what the hell ill scalp long 2628 tp 2656

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Quoting TheHunting

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I think it's going to 1.2569

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Quoting navk

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Now, how to identify trend reversal and when to buy it ? Posting yesterday chart. There were buy signals at lows...never buy it. Once lower high formed, buy it. Buy signals with buy trend, I mean. {image}

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Quoting Georginson

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Bought 1.2617... target 1.2668... stop 1.2600

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Quoting Zebi

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{quote} you better lay low navk...cupcake is out looking for you and i seen he was carrying a bat for your boolish call yesterday for friday LOL

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Quoting DrDave

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{quote} Once lower high formed, buy it I think you mean higher low forms, buy it. With this m4 chart, I cannot see m8, but except for that, I can see that every TF from m4 through H1 is up at the vertical line for the buy. (I have m2 chart that gives me the m8 view, and it was also up.) {image}

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Quoting Zebi

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{quote} oh what the hell ill scalp long 2628 tp 2656

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Quoting Zebi

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there lots of reasons why i went long now..another one is its friday so shorts will start closing and taking profits so their buying to close their shorts will help a bounce till the end of day

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Quoting DrDave

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{quote} Because financial time series ae fractal-like in nature, when you see a "big" TF moving down, then EVERY TF smaller will have cycling up-and-down within that big TFs move, but the general direction that the price is moving in the smaller TF is in the direction of the big TF. It's much easier to see this if you switch price from bar plots to a line plot. Open H1 and mark the H and the L of a swing with vertical lines. Change to m15 and look at the price cycling INSIDE OF those Vlines. Mark the H and L of a retracement swing on the m15 with...

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Quoting Zebi

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{quote} oh what the hell ill scalp long 2628 tp 2656

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Quoting Zebi

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{quote} added long 2619

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Quoting Waveskierrob

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{quote} Couldn't make a living from it but it's a start...only joking, great trading ...

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