Cable Update (GBPUSD)

Quoting Nordling

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{quote} Woah there man, we can have this convo without offending DrDave or others I know you are a good man and you actually mean well, we can have this discussion within the borders of respect So you are saying that we should read these formations before they happen? That's the first time i am hearing it. And it makes sense to me actually

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Quoting Pat Chiko

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{quote} GU Stopped out on the first trade at N3. (Ah, those pesky FOMO trades!) Now, I'm taking another position higher while holding onto my LONG position and attempting to scalp short for these trades. It's a bit of a tightrope act, but I'm anticipating a substantial pullback in price before it resumes its trend again. {image}

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Quoting GusParker

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{quote} Always a big risk taking these counter trend trades with such an obvious big fat juicy liquidity zone sitting just a few ticks above, completely unharvested...now that it has been harvested, perhaps a reversal short trade might be in order, providing you get a signal from the market that you like.

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Quoting Bones

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If you tak[e headland, his head explodes if you say I know what next.

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Quoting Whale

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{image}

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Quoting Pat Chiko

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{quote} {quote} GU Yes, those are unmitigated LQ zones, to be clear, for the long position cashing out. Still holding onto my LONG position, as I'm expecting some pullback due to high-impact data this week. It may lead to selling pressure on GU in the discount zone. Taken Partial TP at Premiunm LQ zone.{image}

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Quoting Coreg2004

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{quote} BT, hopefully, the dollar index will cooperate. {image}

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Quoting Zebi

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HALBOT if your medicine had worked that you prescribed me and helped me grow my nuts id be shorting this price action but as it is ill just sit underwater for now and not average up till after the close if i get a sell signal on 4H or daily {image}

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Quoting Coreg2004

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{quote} Bones, I agree with @headland that I don't know what's going to happen (if I will have a partial or full target or my SL hit right off the blocks), but I always trade with bias. I know if I'm in trend or counter-trend trade on my TF. That's enough for me, and if I didn't expect how my pattern would play out I would enter short and long at the same time with an exact price. I haven't seen anyone doing it.

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Quoting BeeTogether

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{quote} yup.. although might not be till tomorrow we seeing a correction it seems

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Quoting Moty

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{image}

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Quoting Bones

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{quote} Hey Coreg, I'm talking in probabilities, I would never say I know something going to happen for a fact.

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Quoting Coreg2004

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{quote} BT, I don't like when people see PA the same way I do b/c I might be wrong... {image}

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