Cable Update (GBPUSD)

Quoting pawpaw1000

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they talking about 5042...

think you're referring to 5242???

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Quoting Bull_Bear

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Nav, agreed bro... this baby is rising no doubt

Good to see you doing well mate

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Quoting solrac

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Im sticking to senior members view of an upswing here,, wish I had their confindence and patience . I am thinking of going long as sentiment for today is up since Frankkie opening,,,, yet I am not sure about US news so feel totally undecided ,,,,,5228/5230 seems to be a resting plateau for Cable

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Quoting nAVIN2007

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ahhh - oops my bad



thanks bro..u know u play a big part in that success q..

thanks man for the input u have given me

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Quoting pawpaw1000

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Intraday bias in GBP/USD remains on the upside with 1.5042 minor support intact. Rise from 1.4798 is treated as the third leg of consolidation pattern that started at 1.4783 and is possibly targeting 1.5381 resistance. Nevertheless, upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 to conclude the consolidation and bring down trend resumption. On the downside, below 1.5042 minor support will flip intraday bias back to the downside. Decisive break of 1.4783 low will confirm that whole decline from 1.6456 has resumed and...

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Quoting pawpaw1000

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Hi navin...

whats that top line you got there? The resistance line angling down?

Thanks for the help...

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Quoting bbakker

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15200 might be a good entry point with SL @15175 and TP @15300+ but please check your own charts for your own confirmation. Maybe take 50% profit @15245 and let the rest run moving SL to BE once it does break 15245.

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Quoting nAVIN2007

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top line is the trendline of the 4hr compressing price..just using it as guide..4hr candles arent looking to healthy thou..but still making progress the pin on the 1hr so far the tip of it is holding price down...need to break above it so it can form support to send this mofo up!!!

failure may result in us testing 1.51

edit: - what i write is lagging behind price chart 2

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Quoting solrac

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It may fall down to 5200 just before the news,,,,, if it does Im there with you

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Quoting pawpaw1000

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well, on my 4h chart I have a very big resistance at 5254 so this could all be part of it...

I agree if we break above this then we are looking at 5340...

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Quoting nAVIN2007

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look at the same lines on 1 hr chart..perfect test of the area to act as support and head up...market is very accurate

u just gotta know the right lines..i practiced this shit for 2 years

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Quoting pawpaw1000

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thanks nav... Dont normally use daily charts, 4h is the biggest tf for me but you might make me change my mind looking at your charts

that is very accurate and I am definately gonna be here waiting for it!!!

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Quoting nAVIN2007

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this is the biggest problem with people in here..i think 4 days back i posted a chart 15minute, 1hr, 4hr and i said 15 minutes looks like a breakout down..1hr still in the channel..but the 4hr is the one i trust..the truth is i worked 3 weeks ago where the bottom was and what price had to achieve in order flex up

all comes from higher time frames they are extremely accurate and it teaches u to be patient..increasing your threhold..work on elimating emotion and u will see the chart in a different way..

be lucky!!

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Quoting nAVIN2007

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this is the biggest problem with people in here..i think 4 days back i posted a chart 15minute, 1hr, 4hr and i said 15 minutes looks like a breakout down..1hr still in the channel..but the 4hr is the one i trust..the truth is i worked 3 weeks ago where the bottom was and what price had to achieve in order flex up

looking at all those time frames confused me..LOL

all comes from higher time frames they are extremely accurate and it teaches u to be patient..increasing your threhold..work on elimating emotion and u will see the chart in a different...

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Quoting pawpaw1000

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Thanks nav,

Will definately take that to heart. When I started as a noob I almost never used more than 1h... Now I use 4h, and now I'l start 1d

loving being able to learn from all these traders and still being profitable at the same time...

That said, last week I still tried for 3 trades a day. This whole week I only traded about 4 times!! learning and becoming more patient each day!

thanks again nav, I feel like I'm evolving

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Quoting nAVIN2007

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this is the biggest problem with people in here..i think 4 days back i posted a chart 15minute, 1hr, 4hr and i said 15 minutes looks like a breakout down..1hr still in the channel..but the 4hr is the one i trust..the truth is i worked 3 weeks ago where the bottom was and what price had to achieve in order flex up

looking at all those time frames confused me..LOL

all comes from higher time frames they are extremely accurate and it teaches u to be patient..increasing your threhold..work on elimating emotion and u will see the chart in a different...

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Quoting wormboy

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Just don't be using those silly 20-30 pips stop on the H4, you'll evolve further ... minus the steroids

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