Cable Update (GBPUSD)

Quoting pointlessfor

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{quote} like that http://prntscr.com/c4rebv

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Quoting Kajos2250

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{quote} your scenario is possible too! plan your trade, trade your plan! cut the loss!!! respecting my rules, follow the trend, it is your friend! i think nobody knows what will happen! we all knows only own strategies and plans, which give us higher probabilities trades...

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Quoting Wdfx

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Order kicked in at 1.2940 short SL 1.2975 TP 1.2870 let see where it now goes

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Quoting aarontdang

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{quote} Seriously if im gonna short I'll short from 1.296-70 range ... You gonna sell at big support ... You might be right but chances are slim with all the USD data coming out worse than last time...

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Quoting pointlessfor

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{quote} 3020 - 3040 area for short

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Quoting aarontdang

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{quote} Goodluck with that ... we are at 1.2940 ... Not 1.3040....

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Quoting pointlessfor

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2943 long . sl 2938

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Quoting Wdfx

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Order kicked in at 1.2940 short SL 1.2975 TP 1.2870 let see where it now goes

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Quoting dean1star

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Scalped 82 pips and done for the day .. longer than usual, bit tricky this morning but thats the gig ..

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Quoting dean1star

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Scalped 82 pips and done for the day .. longer than usual, bit tricky this morning but thats the gig ..

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Quoting HaLBot

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I have a big "Don't Jump In" sticker above my screen. I jump in at least three times a day.....

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Quoting dean1star

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Scalped 82 pips and done for the day .. longer than usual, bit tricky this morning but thats the gig ..

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Quoting Samer1970

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{quote} i have on my screen and office door and my office desk - do not trade forex.... and i am still trading forex

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Quoting dean1star

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I tell you WD - you could see a channel on the lower time frames, which today was worth following esp on the 5 mins chart (scalpers delight as they say) - main concern was knowing that the weekly candle was showing a potential close today lower in line with the opening on Monday, so kinda swimming against the tide. Slippage was est 15 pips so almost a ton on pips .. Breakfast WD is Coffee strong lol .. once done for the day i stay out. Weeks pips 744 total and done till Monday. .. BTW been around here 5 years plus so just saying it as it is.....

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Quoting Wdfx

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{quote} Thanks dean1star, very much appreciate your advice. I will definitely look into this. Do you scalp from both ends of the channel ie short and long (sorry should have said with and against the trend) or does it just depend on the overall market situation? By the way I was up 290 pips last week - struggling this week due to some silly trades overnight Monday. Scalping may be my bag. I do a little but not enough obviously.

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Quoting dean1star

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{quote} Will pm you some info .. i usually start at around 4 am uk time - so tail ending asia and try to finish before 11 am uk time which is when the Wall st algo's usually appear .. take profit can depend, 10 pips 15 per trade on average .. look for a lower high and a higher low but as u know each day can be different on the daily range, and pip average Find the Donchian Channel and a 20 day moving average helps .. but every day seems to be different in style and momentumn {image}

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