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Ill-b-back replied Dec 21, 2011Yes, though I'm only a part time trader so I focus on just 1 pair. I used to trade 3-4 pairs to stay in the action, but lost focus and found myself guessing and losing lots of money. I wish I could trade full time as I love it but not to be ...
Cable Update (GBPUSD)
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Ill-b-back replied Dec 21, 2011Aborting my sell. I jumped in too early as usual before TL break confirmation and recent support looks more solid than any resistance at current level. Will wait for 5780 before looking for any signs of a short.
Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011Yep, what I mean is that the lack of Asian movement makes me think a decent move south could happen. I am short already with a visual SL above the high and quick move to Break even.
Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011This Asian stalling is looking familiar and would not be surprised to have Support tested around 5550 or so from memory. Not at charts sorry.
Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011I understand your strategy and used it to good effect the other week when the GU was ranging. It is helpful and can help you sleep at night without a SL. I hate SL as I sometimes end up giving money back to the market unnecessarily when I use them.
Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011Aaarrrggg, The waters can get a bit chilly at this latitude this time of year and I feel that hostile ship we past yesterday may have been a merchant ship carrying the kings gold. We are nearly home but I just can't shake the urge to pay our old ...
Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011Asia has been very lazy lately and showing no signs of picking up its act. Might be up to London to do all the work again.
Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011Never had any strong desire to be a dad, but the new baby is bringing out all kinds of emotions. Busy/fun/tired/exciting times ahead I think. By the way, fx street shows the 15min 100sma near 1.56, could be a good short target for an extended scalp.
Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011I agree, looking to poke its head below 5650 to take me to my short TP at 56, then looking for a long at a bullish lower time PA off a whole number or support around 5660 or so from memory.
Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011Yeah sorry bro, we are immersed in time and WTF can we do about it but go with the flow.
Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011I think your/we are ok. Reminds me of that tricky trade a couple of weeks ago you called correctly to short straight after a bullish 4hr trendline break.

Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011I put in a soft short to 56 just to stay involved and as BBKing said, for the taste of it. Also see a potential new 1 hr channel there. 5560 would be a cool long entry point based on my other MA/fib system with 5-15min channel break north for ...
Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011Aaahh, waiting for daily close, makes sense for this trade. ok back in the game

Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011Well, not at my charts as on my way to see mum and baby but I see you have travelled to a galaxy far, far away. I thought I had your system figured out, but I think you are on a whole new level. Good luck with the trade my friend. I am out for the ...
Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011I see the possibility of a sweeping short to 5560 (although price a little high right now for my liking). I am curious why we need to close above 5637. Not asking for an explanation, just stating whats in my mind. A new twist to the journey I guess.
Cable Update (GBPUSD)
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Ill-b-back replied Dec 20, 2011If we get down to 61.8 retrace around 5560, could see a leg up to 5760.
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Ill-b-back replied Dec 20, 2011Oh man, your messing with my head, I'm sure of it.


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Ill-b-back replied Dec 20, 2011Aaarrrggg, well done me sea mates, we'll be home by Christmas for wine, women 'n song, Aaarrrggg.
Cable Update (GBPUSD)
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Ill-b-back commented Dec 20, 2011S&P, Moodys are far too soft IMO. What does it take to downgrade a sovereign state? To be totally broke, borrow money to pay debt (common practice nowadays) and be on the verge if collapse. Yes, they are incompetent. Would anyone here lend money to ...
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