Cable Update (GBPUSD)

Quoting oathbreaker

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This trend alone is 500 pips if you have opened one leg but if you have opened 10 legs at different intervals then it will be 2000+ pips.I am already +1500pips.

This is long term if you want to hold longer start looking at monthly and be loyal to your monthly time frame and you will only give up the trend only when there is change in monthly trend.This applies to any time frame.You will only change your bias when trend in that time frame changes.

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Quoting _BBKing_

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hello,
ok i agree with you, of course!
but i also have to say 1 thing:
what happens in weekly chart if today within few hours something from european things comes out (since no other big news events) and GU takes a lift of some 80-100 pips to close today near 5780?
only an idea that allow me at least to use small size at these levels if i go short.
just that

anyway, i will be out until new week.
patience is better when i don't feel confident.

byebye

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Quoting oathbreaker

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This trend alone is 500 pips if you have opened one leg but if you have opened 10 legs at different intervals then it will be 2000+ pips.I am already +1500pips.

This is long term if you want to hold longer start looking at monthly and be loyal to your monthly time frame and you will only give up the trend only when there is change in monthly trend.This applies to any time frame.You will only change your bias when trend in that time frame changes.

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Quoting Ill-b-back

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My last bullshit post now off to bed.
I agree Oathbreaker.
Hows this for a trend target. Just opened the Monthly and noticed this.
OMG pray for us all......

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Quoting oathbreaker

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If 100 pip spike comes then we have two options
1)if you have s/l then your s/l will be hit
2)if you don't have s/l then has price closed above the open price of previous down bar if so then you close your position for loss.

Just look at the charts and tell me how many days does this kind of situation arises.May 1 out 100 or 1 out 50 but what about other days which followed your bias.

I am ready give away one time and get more than what i gave.

Patience and trend will make you profit in any instrument you trade.that is that simple.But we traders...

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Quoting oathbreaker

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Hey Ibb

Just one question ..

Has price closed above the open of previous bar?
Then what trend is it...
follow the trend and wait until close of the candle.

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Quoting Flatfish

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Done for the week- choppy price action today keeps getting me stoppped out so taking my small winnings and going to have a beer. Good luck for those still in there. all the trades today were based on one thing doing opposite of the retailers, for them another losing day at the track.

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Quoting _BBKing_

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sorry for your losses!
keep on, you are a good trader! next week will be better

have a good week end

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Quoting Flatfish

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not losses- almost £800 profit for the day- just sad I caught no big fish they kept jumping off the hook.

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Quoting Ill-b-back

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Thanks mate, it 1130 pm here, now my wife is calling me

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Quoting _BBKing_

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not certainly i make it more difficult!
IMO, at these levels must be very cautious in both directions.

let's see then what happens

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Quoting at2au

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Like to learn your strategy.
Where can I find this

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Quoting oathbreaker

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These are my trades for last 2 weeks...

Happy pippin guys....

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