This thing is looking ready to make another move up. I feel sorry for the shorts.

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That was probably the fastest money I've ever made in forex. Got almost 20 pips short in less than an hour. Still didn't make all my money back from the other night though.

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This seems like the reverse of what I'd expect. Lately, as dollars have been flowing into the stock market, the US dollar has gotten weaker. If dollars are flowing back out of the stock market, I'd expect the dollar to get stronger.

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Yes, you can short and long simultaneously. I do it all the time.

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This is very confusing. You believe 22 pip correction to a trend reverses that trend? Please explain.

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I don't know why it would affect that pair.

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This pair should start moving here pretty soon. We've been in a pretty tight range all day, so whatever direction it ends up moving, I expect a swing the other way first to take out stops.

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Ah well, stopped out at tiny profit. Figures it goes up just far enough to hit my stop.

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That would be great. Fantastic buying opportunity. Although, I am a little concerned we didn't hit the high, we're just below it, and tomorrow's news is USD news, and if that's good news, I don't see how we go higher.

Cable Update (GBPUSD)

Today is a better day, as I'll make a little bit of money if I'm stopped out. If I'm not stopped out, I'll make a lot more money. But my stop is pretty tight, so I'll probably get stopped out, unless we just go straight down. But as JimmyC has said ...

Cable Update (GBPUSD)

Today's chart is looking very similar to yesterday chart, exceedingly flat. A very tight range. I'm sure we will but out of this range (And then maybe back) within the next 8 hours, but any significant extended climb or retrace will probably wait on ...

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I don't think it's called for to start calling people names.

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I don't know how the trade explorer works, but could it be people who are taking profits? After a nice run up like we've had, I wouldn't be surprised if some people are selling to close, rather than selling to open a new position.

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Bah, clearly I need a lot more forex tradinging experience. I got stopped out on my short last night at 1.6490 and went long at 1.6482. Then got stopped out on my long at 1.6455. Took losses in both directions, when both directions would have been ...

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I don't know. We may see more down before we see up. Wish I hadn't set my stop so tight.

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Why do posts keep vanishing from this forum?

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It looked like a break out for a minute there. Now maybe it's changed it's mind. I think someone posted in this thread yesterday that 80% of breakouts are fake? I don't know how accurate that is, but if one assumes it's accurate, then all you'd have ...

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Stopped out at 1.6490. Darn it Jimmy, I hate it when you're right!

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I wonder if right now would be a great time to trade this pair, if you were wealthy. After London and New York are closed, volume drops quite a bit. Could a single rich person manipulate it enough?

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Excellent point. This is what stop losses are for.

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