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Cable Update (GBPUSD)

Quoting GlobalMacro
Alright Crew...the break of 1.5410 yesterday accelearated the momentum as
anticipated and took her down to 1.5327....

@ late Asian trading we got a print of 1.5418...

we're now in neutral territory...

I'm in waiting mode now...
Re your red TL

But would you trust it a fourth time...?
Quoting Delite
Re your red TL

But would you trust it a fourth time...?
it's not a TL per se rather regression line....it's too far away to make a determination as of now...
what I'm setting myself up for is the area we're in now...
Hear the music before the song is over ...
Quoting wormboy
The W1 is bearish, the D1 is bearish, the H4 is forming a bearflag and the H1 is still trying to negotiate past the dp which is @5379.

Why did you buy? Is there a stop to your trade?
I took a long @ 5360 based on a 35/50ma cross on the m15 (EOHater special) but waited until the news reaction had ceased. Took half off @ 5385 and moved s/l to +3 and letting the rest ride.

My overall view is currently bearish but after yesterday's drop:

On my daily chart, we are at the 38.2% Fib (4228 low to 5995 high) and I wouldn't be surprised if it bounced up a little.

On my monthly chart we are at the 61.8% Fib (7042 high to 4228 low) and I wouldn't be surprised if we bounced up a little.

It may not be correct, but it sounds reasoned enough in my head for me to roll with it for a bit.
Wanting to go short but missed my pending sell by 5 pips...

Waiting again... Becoming quite good at this
@pawpaw1000 on Twitter
hopefully a nice long one down!
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Bearish momentum has decreased sufficiently in this area...price reacted positively on two occasions on the approach of low 1.5300s...

so I am buying here at 1.5374
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Hear the music before the song is over ...
Quoting GlobalMacro
Bearish momentum has decreased sufficiently in this area...price reacted positively on two occasions on the approach of low 1.5300s...

so I am buying here at 1.5374
Ohhhhh.. you are going long.. I just closed my longs... I am still bullish this pair man.. I can see all the buyers coming in....
I do not want to chase at these levels.. But if it pulls back to 80 area, I will buy it back..
Worm: You made me close my longs.. I will kill you.. hey jokking man...Always welcome your comments...
Quoting GlobalMacro
Bearish momentum has decreased sufficiently in this area...price reacted positively on two occasions on the approach of low 1.5300s...

so I am buying here at 1.5374
ADP employment news pending at 8:15.. in case you forgot about this
I wouldn't be going long just yet... Looking for sell at top of this m15 candle...

round about 54000
@pawpaw1000 on Twitter
Quoting AdrianHNV
Easy when your in 'shorts'............
Oh my o my....Is that what you spend your days thinking about Bee?....
Hear the music before the song is over ...
Quoting LostMyShirt
ADP employment news pending at 8:15.. in case you forgot about this
yup...at long last an important news item after this long drought period...
Hear the music before the song is over ...
anyone looking at fibre as a possible short just below 1.2800? had a 140 pip up move but guess it depends on news coming in a couple of min?

EDIT: Guess I should give my reasons... 200ema on h4 touched, HUGE pin on m15 and the long move up needing maybe a 50 pip retrace... targeting 1.2750 - 1.2725
@pawpaw1000 on Twitter
Quoting LostMyShirt
Seems like everybody is on the short side.. I am taking a long... entry at 1.5371... Lets seee
Definitely not everyone. I took a long immediately after PMI madness and I showed my H4 TL above to prove my entry. Will see it touch 1.5410, then I get lost with my profit. A close above 1.5415 might get me in again for another ride upward
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
Expecting a repeat performance. Target median line.
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hi there, I am a newbie........is it possible to select a particular area on MT4.
now that you see it

Quoting trending
Expecting a repeat performance. Target median line.
Verily, in every difficulties there is relief
Quoting GlobalMacro
Bearish momentum has decreased sufficiently in this area...price reacted positively on two occasions on the approach of low 1.5300s...

so I am buying here at 1.5374
good call as always..
im still in..
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Quoting wormboy
lol

actually i was just trying to see his rationale in buying. i mean if there's a technical reason then it's understandable but to say that "i'm going long because people are going short", well that to me is not trading.

i'm outta here. later
if u look at weekly u can see the previous bodies getting very small the pin on last week is the target to take out longs..otherwise im totally wrong
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aiaiai... had my pending sell that I never cancelled... will let it run as planned but didn't really want it...

Let's see what happens. Risking 2% of account with lows as target...

Got training so see all later...
@pawpaw1000 on Twitter
Quoting nAVIN2007
good call as always..
im still in..
yo playa, wassup....LOL....long time no see bro...
Hear the music before the song is over ...
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