Buy at 6238, daily pivot, if 6300 holds for now.

Cable Update (GBPUSD)

Hope so!

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haha not quite yet. the range bottom re-test is still valid and the breakout is as well. above 6300 then its time to take losses

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Still short .. 6211,6230,6285

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takes time but youll get there!

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Ya thats the lowest point .. a close above isnt enough for me to long .. i would prefer a long back at 6100 or a retracement level.. Look more to the average price at the bottom of the range.

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i like teaching others what i have worked hard to learn myself .. hopefully it gets some of you on the right track to finding the trading style that suits you best! im done for today .. back tonight at 00:00 gmt .. ciao

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My last chart today until the daily close. Just to show you all the buying opportunites we had, none of which i took since i longed right at the main support.

Cable Update (GBPUSD)

For you bulls, the daily candle is looking very bullish with that lower wick it has going on .. stil 5.25 hrs for it to close (as of 00:00GMT). I read on bloomberg today that the systems that have performed the worst this year are trend-following .. ...

Cable Update (GBPUSD)

I was using the MML yes .. but what i find when i start using something new, this is my weakness .. we all keep trying to find that one indicator that will make us rich haha .. when i had the mml's and pivots on the chart, it was too cluttered, too ...

Cable Update (GBPUSD)

my position sizes are always the same so i know when to cut off .. on a bad trade im comfortable giving up 50% of a recent gain .. and i had a nice one over night then this morning on the long.. for now i am treating this as a re-test of a range ...

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Im holding and on a strong break of 6300 ill close.

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Old support, a trendline and a fib or two in there depending on where u draw it from last line of defence for mee

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damn i should have kept that damn long from 6115 lol.. two shorts now that i will cut off at 6300. for now im holding 6230 and 6265.

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It broke the range.. seen on the 4h .. if it closes back in the range (on daily) then the break was false .. much like the spike to 6700.. we shall see

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6230 yes

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Actually. dont learn about any indicators, ok. learn about support and resistance, and price action. uptrends, and downtrends. ok nothing else for now or u will lose money.

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my advice .. dont use indicators. if you feel the need to use one, use MACD, thats it.

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im still short 6230 and orders as high as 6260. if the breakout was real, so far it was, and we break below 6100, then 6010 is my target. but i like profit so i may close whenever, 6010 is a good target tho

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Those of u in a GJ trade, 154.80 looks like the target. You could also think of a short around that level too as GJ broke out today .. I dont trade this pair as its too crazy for me but thats what i see

Cable Update (GBPUSD)