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Cable Update (GBPUSD)

Quoting HaLBot
One hour before BOE interest rate decision with the consensus it wil be left at 4.75%.... {image}
I think the move may be dependent on the voting pattern of the MPC officials rather than the rate itself. In my fallible estimation, I think the rate being left at 4.75% may have been traded. If more of the MPC officials voted for a cut then price might tumble. Just my thoughts. It may fail.
Quoting Mitiblotch
{quote} I think the move may be dependent on the voting pattern of the MPC officials rather than the rate itself. In my fallible estimation, I think the rate being left at 4.75% may have been traded. If more of the MPC officials voted for a cut then price might tumble. Just my thoughts. It may fail.
Yes your spot on there Mitiblotch it's dependent on the vote
Don't Leave Money on the Table
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Quoting Moty
{quote} Mf !!!!!!!!! They squeezed it to 1.25600 and then went 100 pips up , they had to wipe my account, Now i need to wait untill 7 of January to come back {image} {image}
For 60 pips
With 0.01 and 13 $ equity i am hitting tp like crazy
But yesterday, when i needed it so bad
Mf !!!!!!!!
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Quoting Moty
{quote} For 60 pips With 0.01 and 13 $ equity i am hitting tp like crazy But yesterday, when i needed it so bad Mf !!!!!!!! {image}
Moty my friend, keep in mind that every chart in the world has 2 variables, in our case these variables are price and time...you need the correct price action and/or level at the proper time to enter a trade.

Time is the reason why patterns like double top/bottom etc fail some times...
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You are allowed to fall but you are imposed to get up!
Quoting Mitiblotch
{quote} I think the move may be dependent on the voting pattern of the MPC officials rather than the rate itself. In my fallible estimation, I think the rate being left at 4.75% may have been traded. If more of the MPC officials voted for a cut then price might tumble. Just my thoughts. It may fail.
Going Short irrespective of all odds until breakout of 4 hour resistant zone.

My perception buddy.
Market Structure is the King.....
Quoting Mitiblotch
GU sell limit at 61.8% fib ret. of the dump of yesterday sitting at 2654. Let's see if it gives me entry and how much dump we can get, if at all. Edit: Trade active. I'll hold for BoE.
Profit booked booked at 2598 for +56 pips.
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Quoting Mitiblotch
{quote} Profit booked booked at 2598 for +56 pips. {image}
But you can make more... Better to take 75% off for a free ride like I did yesterday.

Looking at 1.2510/1.2470.
Market Structure is the King.....
Quoting Abeylyn
{quote} But you can make more... Better to take 75% off for a free ride like I did yesterday. Looking at 1.2510/1.2470.
Yeah, I exhausted my liquidity areas. Remember when I posted that 2593 was the next and price went to 2700 for retest before taking a dump yesterday. Ill reassess and see next areas. I want to have some peace of mind as price fluctuates
Well done , now 2624 limit to see if bottom test ! Waiting
2607 sinal also now present . If start next tanking
Next important breaks should be 2599
Waiting close for the day , above 2663
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting Moty
{quote} For 60 pips With 0.01 and 13 $ equity i am hitting tp like crazy But yesterday, when i needed it so bad Mf !!!!!!!! {image}
lol
Always follow your own shit
Quoting Moty
{quote} Mf !!!!!!!!! They squeezed it to 1.25600 and then went 100 pips up , they had to wipe my account, Now i need to wait untill 7 of January to come back {image} {image}
Like always. I got similar slap on gold..
but this is trading all about, trade and deal with the consequences if it turns on us.

I wanna long GU.. not sure
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Quoting Mitiblotch
{quote} Profit booked booked at 2598 for +56 pips. {image}
56 pips is really good in pair like GBP USD.... Because it's always in range ... Its not easy to trade in this pair ...
!! Radha Radha !!
Quoting Whale
{quote} Like always. I got similar slap on gold.. but this is trading all about, trade and deal with the consequences if it turns on us. I wanna long GU.. not sure {image}
me too! Gold is a real bitch at times.
Insane in the Brain..
Quoting iero4
{quote} Moty my friend, keep in mind that every chart in the world has 2 variables, in our case these variables are price and time...you need the correct price action and/or level at the proper time to enter a trade. Time is the reason why patterns like double top/bottom etc fail some times... {image}
Nice one...
Always trade your own plan...I don't provide trading signals.
Only imho.Nothing happens here today.Tomorrow it goes.
for me borders h4 125900- 128000.channel flat ,before it went down.
h1 channel 126100-127100
Quoting ThaoAnh
{image} {image}
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Quoting Mitiblotch
{quote} Yeah, I exhausted my liquidity areas. Remember when I posted that 2593 was the next and price went to 2700 for retest before taking a dump yesterday. Ill reassess and see next areas. I want to have some peace of mind as price fluctuates
It's even trying to fall into a narrow range with all the loads of news. So ridiculous.
Market Structure is the King.....
Quoting Moty
{quote} Mf !!!!!!!!! They squeezed it to 1.25600 and then went 100 pips up , they had to wipe my account, Now i need to wait untill 7 of January to come back {image} {image}
saw this post coming after seeing you win trades yesterday it’s so obvious ! Risk management still not something you like yet ? Then keep getting rekt.
mate how is it possible to trade forex for 10 years and still suck at risk and getting wiped every week ? You are hands down the WORST trader in history of ALL forex traders !
Master your mind. Master Trading.
Quoting BeeTogether
{quote} me too! Gold is a real bitch at times.
Very fast and more liquid than GU.

I always feel it's meant for extra genius traders.
Market Structure is the King.....
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