GBP/USD Trading

Quote from AKUMATOTENSHI:

With the Gbp/EUR rising looks like another 300 pips down. I don't see a bottom until 1.39. For anyone to go long right now would be a sure fire loss.

Akuma
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I think you mean the EUR/GBP or am I missing something?
 
Quote from increasenow:

1.48 GBP/USD finally taken out...time to go to bed...hmmm, wonder if the GBP/USD will be between 1.46--1.47when I wake up...CST Chicago Time...should I short and set a 30 pip stop...is that enough?
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Man! I am awake now..WHY didn'T I do this trade??? this happened exactly as wrote...I really need to trust opening positions and setting stops...thoughts?
 
I'm currently in it from 1.48-1.49... where do you think the train stops?

I was considering the 1.45 level but we've broken new lows the past three times this situation occurred.

I've taken profits on 3/4 of my position and going to hold the remaining position as I figure out where it's headed.
 
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