Cable Update (GBPUSD)

Quoting Ill-b-back

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Here's an "actual" TL lol. Daily still has no close above it. Weekly? hmmm... not sure if this week opened just above the TL, just below it, or smack on it just to keep all sheep and their accounts guessing as we head into FOMC. THE BASTARDS.... {image} {image}

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Quoting ill_be_back

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{quote} Cmon GCAD Finish your touch of 1.79547 so we can start moving up

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Quoting nAVIN2007

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{quote} u dont get it..because i project things in advance..one day u will understand the purpose of that line ..that line is there because its a guide for me..it most likely wont make sense to u

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Quoting nAVIN2007

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{quote} ask yourself if that line is so accurate why is price moving the other way

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Quoting nAVIN2007

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{quote} u like the way i keep coming back huh..haha

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Quoting Ill-b-back

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{quote} I understand Nav you project things in advance and TL's once confirmed, are good guides for future events Your trendline passes just above the Sept 19th swing high instead of touching it (it is an obvious TL reference point), because yesterdays swing high dictated that you need to move your line up no? It's for this reason your comment that the TL is still intact, when it is only a potential TL, still makes little sense to me, as a "NEW" potential TL will always be intact.

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Quoting ill_be_back

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{quote} And people will only realize this after blowing few accounts

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Quoting Red Alert

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{quote} Hi Nav, I hope everything is OK brother... How your trade so far ...... Do you have some position?... Regards

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Quoting PoundTrader

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{quote}go long now at 1.6122 jump out at 1.6213 {image}

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Quoting Red Alert

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{quote} Yess mate exactly....... Are you still shorting cable?...

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Quoting nAVIN2007

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{quote} no its not that complex at all..if price went to that line and touched it..its the last point at which id expect sell orders to come in..if price can get above it..then its going up.. if u look and minus spread..that line may potentially be:- a line in the sand between bull and bear.. hope it makes sense

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Quoting nAVIN2007

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{quote} same positions however i have made back 2k and still in..so so far its not looking to bad

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Quoting Ill-b-back

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{quote} Are you saying if yesterday CLOSED above this TL using Sept 19th reference point as shown, then it's going up? {image}

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Quoting Red Alert

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{quote} Yess mate exactly....... Are you still shorting cable?...

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Quoting Red Alert

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{quote} Good Job Brother, I hope after escape from the "death" (huge minus position 1000 pips), make you have new spirit and more fresh mentality to trade,.... I know how it feel, I just recovering almost 6K losses during cable drop 1000 pips, because i was fighting every drop.... when we have some up down, everything become better and better.. I Hope we learn from that.... Regards

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Quoting ill_be_back

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{quote} No, But LONG GJ All should keep going UP till before FOMC, Then DOWN(BIG DOWN)

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Quoting nAVIN2007

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{quote} no what i am saying to u in if price even pierces my line on daily it will go up..

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Quoting elbert3

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{image} for me the confusion is,,price looks to break the tl on 4 hour but, 23 fib and 200 , so the line in the sand 6183 at this time,,, but emas showing long ??????????????

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