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Mr Breakout replied Jan 31, 2017No wonder you get bored then. Anyway, every trader has his own trading style, if following just 6 pairs suits you then so be it, the most important thing is to make money at the end of the month, the rest is just conversation.
Cable Update (GBPUSD)
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Mr Breakout replied Jan 31, 2017Again you have no reason to be bored, there are 28 currency pairs to choose from, don't limit yourself to the cable only, search for your trading setup on the other 27 pairs too, something is always up somewhere...
Cable Update (GBPUSD)
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Mr Breakout replied Jan 31, 2017Oh I see. It's better to eat an egg now, for sure, than a chicken tomorrow, maybe, like they say...
Waiting for the 1.2517 pullback to go short.Cable Update (GBPUSD)
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Mr Breakout replied Jan 31, 2017Scalping, really? I thought you were a swing trader

Cable Update (GBPUSD)
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Mr Breakout replied Jan 31, 2017German retail sales numbers are currently causing some disturbances. Easy boy, easy...
Cable Update (GBPUSD)
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Mr Breakout replied Jan 31, 2017Not quite yet I am afraid, the cable is probably going to test 1.2520 for the last time before dropping like a stone (hopefully). This is just my opinion folks, don't try this at home like they say on TV

Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017This is probably the longest ascending channel I have ever seen, as far as the cable is concerned. Seriously, how far would it go?

Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017Oh, that infamous uptick/downtick rule
Thanks God we don't have that rule in the Forex market!Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017Come on now, crooks are EVERYWHERE, not just in NY
And yes, coffee futures trend well too.Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017I used to trade the e-mini S&P 500 and the DAX in the Futures market. However, these financial instruments are mean-reverting, meaning they don't respond well to trend following techniques. The bonds trend very well on the other hand, but as a day ...
Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017Oh yes, I love the Yen, the AUD and the NZD (and all their crosses of course), sometimes they deliver spectacular trends. Like I said earlier, I watch 28 currency pairs daily, not just the cable.
Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017I know, but I cannot trade London, I live in New York City. London's session starts at 3AM for me, I cannot stay up that late, especially at my age...

Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017Out at the same price (1.2510), I am still receiving mixed signals.
Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017Having no position is also a position, like they say.

Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017The last few bulls are still fighting for their territory but it seems that they are running out of ammo...
Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017Short GBP/USD at 1.2510, 25 pip stop. Now drop like a stone and give me at least 100 pips Mr Cable, on the double, off you go, chop chop!
Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017The cable is trying to break 1.2520. A breakout of that level could spell trouble for the short sellers (like Dr Zain also said earlier). However, this level will hold (in my opinion), the market is probably just trying to flush the weak hands...
Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017And your stop? Don't worry, I won't tell the market makers...

Cable Update (GBPUSD)
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Mr Breakout replied Jan 30, 2017Absolutely my friend, on the 1h chart the GBP/USD is indeed making lower lows and lower highs, with a resistance area around 1.2520 (red line on the chart).
Cable Update (GBPUSD)