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Cable Update (GBPUSD)

short on this pair, currently down 40 pips.
Quoting cannarek
50% closed (+50pips), 2nd half at be. see details on my blog
closed the second half (+26 pips)
Good day to you all,

Hope you have a good weekend and are well rested.

4 trades attempted at market open. 2 closed at my TP already. Still having GU and EU open.

Both long positions. Will continue building these if needed. Target areas are 1.4800 on EU and 1.6500 area on GU. Currently 5 positions open on the 2 pairs - 3 green - 2 red.

EUR/JPY and GU/JPY closed.

Wish you all success

Regards
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how did you know that the short 40 Pips?
help dragon signal or not?
Quoting TauTrader
Good day to you all,

Hope you have a good weekend and are well rested.

4 trades attempted at market open. 2 closed at my TP already. Still having GU and EU open.
congratulations. I have today +92 pips so far
Just got stopped out. Maybe should have bought have a little earlier. That's four losses in a row but we live to fight another day. Not too sure what the market is going to do, doesn't seem any signifant signals.
Can anyone help out there?
UK PMI figures were good, which caused a hefty spike in cable, and then cable continues to trade with risk at the moment. Potential shorts at the 6475 area and 6545 (R1). The pivot points are usually decent turn around areas, but need to keep an eye on fundamentals too. US ISM later and general appetite for risk is a major factor.
Quoting Chumbawunga
Just got stopped out. Maybe should have bought have a little earlier. That's four losses in a row but we live to fight another day. Not too sure what the market is going to do, doesn't seem any signifant signals.
Can anyone help out there?
if you want - watch my blog it helped several people. but remember - it is ALWAYS your resposibility for every trade
1.6350 awaits? , hope it will be before us open
me think
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Quoting frito
me think
you think correct, as i am ,hope we are not both wrong
Quoting cannarek
if you want - watch my blog it helped several people. but remember - it is ALWAYS your resposibility for every trade
Much appreciated I will do just that and yes the buck stops here!!
GBPUSD long again, saved at be already
Quoting cannarek
GBPUSD long again, saved at be already
closed still +96 pips today
Quoting frito
me think
me still think down
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Good day to you all,

Gut tells me decadent manipulation of price taking place. Someone building positions. Some longs to be shaken out still and fresh, weak shorts drawn in. then reverse again...

Interesting day ahead...

Wish you all success

Regards
as what i see

if price break yellow line we will see 1.6150
wait n see..just MHO
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  •  ams
  • Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Yup, I also think the same TAU.
Have been posting my thoughts on DT's thread.
Fake breakout to 63100 or 62700 then sudden spike to the UP side.

63500 is providing lot's of support still. Let's see what have we got in the store.
As far as market is concerned they are short mostly and it could break on the UP side. Anyways. I expect sudden action 50-70 pips either ways.

Ta
ams



Quoting TauTrader
Good day to you all,

Gut tells me decadent manipulation of price taking place. Someone building positions. Some longs to be shaken out still and fresh, weak shorts drawn in. then reverse again...

Interesting day ahead...

Wish you all success

Regards
Quoting ams
Yup, I also think the same TAU.
Have been posting my thoughts on DT's thread.
Fake breakout to 63100 or 62700 then sudden spike to the UP side.

63500 is providing lot's of support still. Let's see what have we got in the store.
As far as market is concerned they are short mostly and it could break on the UP side. Anyways. I expect sudden action 50-70 pips either ways.

Ta
ams
Good day to you,

Something's defenitely up....

Would love to buy a bit more @ 1.6330 area and last buy @ 1.6300 - then hold on for dear life

Will go and read your posts on DT's thread.

Wish you success

Regards
Quoting ams
Yup, I also think the same TAU.
Have been posting my thoughts on DT's thread.
Fake breakout to 63100 or 62700 then sudden spike to the UP side.

63500 is providing lot's of support still. Let's see what have we got in the store.
As far as market is concerned they are short mostly and it could break on the UP side. Anyways. I expect sudden action 50-70 pips either ways.

Ta
ams
i like this scenario
i`m in a small long off 1.6350 SL is just below day`s low so its a good r:r my targets are hi of day and eventually 1.66 and 1.67 which are simply past proven supply areas/round numbers

just do not see any convincing base/launching pad being created by longs just yet...
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
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