Cable Update (GBPUSD)

Quoting TheHusla

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Next Up For This Week GA If this gets stopped out I will look for another entry. I trade two accounts and if the first entry gets stopped out then look for an entry on second account. This week all first entries have worked so far. Both accounts are independent therefore almost like a different strategy. Two entries are my max. {image} {image}

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Quoting pipfarm

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Currently GBPUSD we have break out above the last lower high from the corrective downtrend , so maybe a pull back and longs for a while. First pullback in a new trend will usually retest the last the higher before the last swing down {image}

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Quoting Abeylyn

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{quote} We share same opinion. Lot of misconception, fake materials and believe out there causing more confusion. Why will Central Bank or a Bank within a system engage in trading for profit motive ? They are not speculators. It takes much more to trade as a Speculator than trading for a bank. Yes, that is the plain truth. And as an Hedged Fund, the bench mark is just 10% monthly. Other extra profits are covered with bonus which in most cases are not really worth the stress. More protection is given to Capital than unearned profit therefore inability...

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Quoting TheHusla

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{quote} Unlucky here, not looking for any further entries as it's odd to reverse so close to TP and not take LQ first. {image} {image} {image} {image} {image} {image}

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Quoting BeeTogether

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{quote} We totally all missed 130 as being support and a bloody good one too. The bounce back has been impressive.. looking for an area for an entry now. My short at 13035 still live however will look for a hit unless we close below 131

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Quoting pipfarm

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{quote} I did not miss it, i got greedy and forgot to look to the left , how many times i marked that area then the next day refreshed the chart and forgot about it. Take the hit or wait for it to retrace, personally i think today we will see retracement after the break out and yesterday the clues were there as you said 1300 resistance and consolidation at that area.

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Quoting Yngwie

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Sold 1.3148

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Quoting BeeTogether

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{quote} I was soo tempted yesterday at the spike down to swing up. But the data was green ! Also as I have said many times there is always one day a week we see a correction usually Weds or Thursdays

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Quoting knkie

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{quote} i bought 3144 lookout for H1 3149 resistance i may just scalp 6-7 pips here then wait for the H1 reaction then go full in

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Quoting pipfarm

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Currently GBPUSD we have break out above the last lower high from the corrective downtrend , so maybe a pull back and longs for a while. First pullback in a new trend will usually retest the last the higher before the last swing down {image}

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Quoting Mitiblotch

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{quote} The movers may not let it fall that low if they want to screw more sellers and especially if a dump is planned in the aftermath of Septemeber 18.

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Quoting pipfarm

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{quote} The pattern has formed , break H1 high and dump , sept 18th is a few days off, MMs will want to keep buying lower because they know what is coming, news will be priced in before the event

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