Cable Update (GBPUSD)

Quoting 1pipperhour

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{quote} Before calling someone with names look at this guy http://www.forexfactory.com/showthread.php?t=88949 ... no stops. Is he in tears?

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Quoting suthmo

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Adding long first stop 6285 ETA 2pm GMT 3/4 hours stops at @ 6154

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Quoting bbmac

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I don't want to scare the longer term bears - heaven forbid - I wouldn't do that (!)...but consider what a print of 0.8% or more will do to this pairing ire Uk Q3 GDP prelim tomorrow....last Qtr finalised at 0.7% and forecast consensus seems to have settled around 0.8% for this release...so if on forecast or higher and particularly higher we could see some knee-jerk (+) £ buying...if we see a 1.0% print for eg I would not be surprised to see 6349 swing hi challenged....and anything 0.8% or more could very likely see 6259 swing hi give to the upside...

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Quoting negrada

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{quote} Let's go for what academic studies say about it. If anyone bothers reading it: http://www.actuaries.org.uk/system/f...nt-returns.pdf The results are simple and make sense: if the market has no trend, a stop loss removes value and is harmful to your investment strategy. On the other hand, on trending markets, a stop loss will make your strategy outperform. Therefore, finding out whether the market is trending or not is as important as setting up a stop loss. As the market spends more time ranging...

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Quoting 1pipperhour

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{quote} Everyone manages his money in his own way. If it works for him then fine. If KillerWhale thinks his method is right then fine. No need to say \"I'm the absolute truth and everyone else is wrong\". That is just narrow-minded. You see that one can trade with SLs and without. What ever works.

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Quoting nAVIN2007

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{quote} well u wasnt wrong infact i think u were more right than i was wrong..nice call

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Quoting suthmo

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{quote} Thank you Navin, that did come off well. And thanks to Negrada for mentioning that also. Today's run targets 6397 and starts at 6170 Huston are we cleared for take off?

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Quoting nAVIN2007

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{quote} im on the otherwise of the railway..

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Quoting milam

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{quote} I thought longer terms traders did not exist anymore...

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Quoting nAVIN2007

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im confused CBI Industrial Order Expectations comes in at -4 and yet an news post says this is optimistic..wtf..am i missing something? any1 wanna explain this to me

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Quoting bbmac

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from fxlive.com...there are component parts to the report (minor Uk data)...ascending 1hr/4hr trend line at the lo G/L {quote} {image} {image}

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Quoting JimmyC

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{quote} http://www.forexfactory.com/showthre...25#post7046425 This will end in tears, it always does (no exceptions) The basics of trading Trade a plan, use an edge (say high probability setups / moon phases, whatever makes your winners more) so you're right 51% and wrong 49% make your losses consistently small (2%) nice number. Make your profits greater than your losses and your equity curve will rise. If its a bad edge it will be slow, if its a good edge it will be fast. If you are inconsistent, undisciplined, erratic and...

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Quoting suthmo

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Adding long first target 6285 ETA 2pm GMT 3/4 hours stops at @ 6154

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Quoting sepuluh

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{quote} benzema ?..... mmhhh....when arbeloa assist for benzema from right ......... i think morata more better now .... okey...oversold . I hope that's right

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