I am getting the compressions. So it may be in for the big move I have been waiting for. I missed the upmove here but I do have a few trades in now for a down, worst on ATM -21 pips, so lets see.

Cable Update (GBPUSD)

Flat.

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Well, if this holds we could be in for that big down movement, and that news event could be the excuse needed to push it down further.

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Yes that is correct.

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Yes, it is coming into play here. Like I have said many times before, the 50 and the 38.2 is what the G/U likes. You fibs are good but I have my reversed. I.E. Red candle 100 fib on bottom, Green candle 100 fib on top. Since yesterday was a down ...

Cable Update (GBPUSD)

I did move my sl up 25 extra pips. but moving towards that.

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The turnaround spot to go back down. I am dancing real close to my sl though. If I do get stopped out, well.. cant win them all.

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I still think this is the turnarond spot, the original 1.604 that I said it would hit.

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I agree, this would be the reversal place. But if it decides to go to the 261.8 fib that is the 1.61000 area.

Cable Update (GBPUSD)

One of thise days durning a time I am not trading I will upload.

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We may both win, or I may lose here. 24 pips to my 161.8 fib hence the 35 pip sl. Could spike up then drop.

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I just entered short at 1.60104, lets see what happens, set 35 pip sl.

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I will be entering short here in a minute.

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I agree, I do believe by the positioning of the candles that we are in for the longer term down. Should make it to the 1.604 area.

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Just as I said it...

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Usually, but not always, the G/U makes a fake out move. It will spike in one direction making everyone think that is the direction it is going to go. Then once it suckers everyone in it changes direction.

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It is a possibility but have not received confirmation yet from the charts. it is going sideways ATM.

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One last comment to Dr. D informative post. I am a professional trader, I do it for a living. I currently have 9 computers each running 6 monitors so that I can trade multiple countries. It has been shown time in and time again that all countries ...

Cable Update (GBPUSD)

Yes now is a good time to wait, or sleep This is the time in trading I hate.

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And you will get it too. At some point today, and for everyone do not trade this as I do not have all my charts updated for the new day yet, the price should rebound to the 1.605 level. That is just playing the piviots, supports and resistances. ...

Cable Update (GBPUSD)