Cable Update (GBPUSD)

Quoting Bflyfx

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{quote} euro and pound to be bought lower for next week have a nice weekend

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Quoting Bflyfx

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{quote} EU and GU to be bought today and tomorrow after fresh lows. Gold and Bitcoin already bouncing back.

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Quoting MrFanciful

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last 2 Fed cuts are good for the dollar, but the last 2 BoE holds are bad for the pound.

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Quoting Pat Chiko

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{quote} CABLE Ready to rumble for today main event ? Here's my newbie view at glance. According to Commerzbank, despite inflation cooling somewhat, it is unlikely that the BoE will cut interest rates today. The BoE will publish fresh inflation/forecast updates, and the press-conference could signal future moves (e.g., a December cut) even if today’s decision is to hold. The macro backdrop is mixed: inflation remains sticky, economic growth is fragile, and the upcoming UK Budget adds uncertainty. This is my position holding to SHORT & LONG position....

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Quoting Obdyx

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In spite of the bad news. so to speak, the bulls have refused to be cowed except that the M15 candle is not friendly to their cause. By and large, the picture is unfolding

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Quoting Obdyx

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In spite of the bad news. so to speak, the bulls have refused to be cowed except that the M15 candle is not friendly to their cause. By and large, the picture is unfolding

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Quoting Pat Chiko

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{quote} CABLE UK MPC Official Bank Rate Votes 0-4-5 Official Bank Rate : 4.0% Add more as expectation hold. (with greedy voice) Hope it will touch the K5 with excitement. {image} I guess, price will move higher.... just guessing only P/S This is not a signal, don't blame me, if you got fcuk up. I dont want to be blamed, as what happend to Coreg, when someone blamed him for taking those trades set up (without knowledge)

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Quoting nubcake

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Something something doji hammer buttlick pattern. Am I doing this right? Am I a trader yet?

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Quoting Waveskierrob

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{quote} hope so im bias LONG EU...

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Quoting Pat Chiko

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This is my newbie question.......... Why is it that when we’re deep in drawdown, we hold on to losing trades like our life depends on it — but when we’re finally in profit, we close it faster than lightning, only to watch price keep running in our favour? What’s going on in our trader psychology here? Curious to hear how you all deal with this mental trap. Anyone can help me as newbie like to learn. Thank you

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Quoting fex.

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{quote} the only thing on the table is fear, greedy is a derivative of fear, and both stem from a feeling of inadequacy or insufficiency, which affects both losers and winners, there is no distinction, no matter how much a winner earns, if you have a feeling of insufficiency, you feel the same as a loser, otherwise we wouldn't hear so many voices of ego in these forums have a good day

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Quoting Pat Chiko

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{quote} CABLE UK MPC Official Bank Rate Votes 0-4-5 Official Bank Rate : 4.0% Add more as expectation hold. (with greedy voice) Hope it will touch the K5 with excitement. {image} I guess, price will move higher.... just guessing only P/S This is not a signal, don't blame me, if you got fcuk up. I dont want to be blamed, as what happend to Coreg, when someone blamed him for taking those trades set up (without knowledge)

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