Cable Update (GBPUSD)

Quoting Hickson

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{quote} Elbert, your personal stories here are always the best

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Quoting elbert3

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{quote} Thank H, i am 55 and have lead a full life upto now,,some times i think i should be 155 plenty of life stories,gl back in 2 hours ,, with my phone,,so dont ring me i will ring you ,,,gl

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Quoting elbert3

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{quote} well Al i have to go soon i wanted some move before leaving ,board meeting time again..Its like dodge city now not only has the wife banned phones on we have to hand them to the sheriff (sec) lol and she answers any calls, she must think i am stupid,, i give her my old phone, it will never ring there is no chip in it i just have to make sure its on silent ,, under the table..lol

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Quoting TauTrader

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Good day, Data feed from retail brokers is showing 32'288 short positions on the books vs 6'532 longs. If my maths is correct - it is close to 80% short. First significant long stops are still around 1.70 - 1.6990. Short stops not really there until 1.7220 - then more as we go with a big fat cluster still between 1.7280 and 1.7300. I know this info does not mean a lot. This has been debated till the cows come home. I just wonder if " the market" will allow 80% of traders to profit from here to the tune of 140 pips.. Regards

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Quoting Toranaga

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{quote} It does ! Thats my biggest concern. As we know, the majority of the retail trades loose.. and i even know i guy who uses this as the last confirmation. He trades the opposite of what the retails usually do So, im also short but noticed that also few days ago and i think, im screwed Hope my SL will hold,but i think it will be wiped out next week only to turn around and then go im my direction.. he he

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Quoting TauTrader

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{quote} Sir, As stated, this is a bone of contention. And has been debated over and over. Either the info received/published is bogus, or the stats lie. Currently showing 32'644 shorts vs 6'486 long. Still around 80% short. Interesting to note that the cluster of long stops has gone lower - from 1.7000/1.6990 area to1.6930/1.6920 area ( the level HDA is looking at). Bulk of short stops still around 1.7280 - 1.7300 Cannot answer you - will have to monitor this for 10'000 hours to get skilled at reading this. BTW - 1hr GU is painting another retrace...

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Quoting albchr

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Step by step...slooooowly she turns..... {image}

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Quoting mikro693

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{quote} How can you see the bulk of stop losses and orders in FX?

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Quoting albchr

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{quote} {image} {image}

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Quoting HDA

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{quote} @albchr: What a beautiful set up - As the GBP/USD sets up to fall, look on my GBP/CAD - its rises, what perfection. Timing is everything. patience patience patience That aside, we know that the market does not move in a straight line. This is why patience is so important. Sit back relax and watch 1.6900 happen, when it happens I remain long GBP/CAD to 1.9000 and short GBP/USD to 1.6900 and maybe 1.6750 (pending) HDA OUT

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Quoting ngiler

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Dear G/U If u wanna rise/fall please do it faster..... i have been waiting for u like 12hours. For all sake, dont spoil our weekend. Regard, Ngiler

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Quoting albchr

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{quote} That's ok. Here's the problem with being so focused on this GU slug. I've been waiting days for U/CAD. Knew the news was this morning. COMPLETELY forgot about it watching THIS slug and BOOM!! There she goes. Instant 72 pips and counting...... Without me! ..... {image}

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Quoting Mr. Scott

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{quote} GU made no sense, to I looked left. {image}

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