Get ready for the waterfall...

Cable Update (GBPUSD)

Wow, the last hour bar went from blue to red in a matter of seconds....I think people are getting tired and are starting to sell....

Cable Update (GBPUSD)

I really think it is about to go down....it is struggling way too much to break resistence...

Cable Update (GBPUSD)

On the 1hr chart it's been flirting with the resistence of the channel for too long now. It is either going to break it soon and go north, or the disappointment for not achieving so will bring it down real bad...... Consider also that it is been ...

Cable Update (GBPUSD)

and up it went......what a total waste of trading time it was for me today....6 hrs on the verge of a heart attack, just to end up losing 7 pips and watching it going more up right after you sold....

Cable Update (GBPUSD)

I got out !!!!!!!!! There is a God !!! I was long all day long, at one point I was -ve 70 pips. I resisted.....and now I got out at -7. It will probably go higher, but I do not care, as long as I lost only 7 pips I am ok.....never, ever again I will ...

Cable Update (GBPUSD)

Risky area now. If it keeps going up, it can break a support line (1hr chart) and keep going up. Otherwise, the same support can push it back down to continue its fall.....

Cable Update (GBPUSD)

Well, thanks for the kind words guys. Hopefully I learned my lesson. I think rule #1 in trading is: Dude, it is ok to don't trade every now and then ! Overtrading simply increases your chances of getting into a bad trade....

Cable Update (GBPUSD)

I know, same thing with me. With demo I exit when the signals are there, with real cash I fear a sudden reverse and I sell with smaller profit just ot be abel to say 'ehm, well, at least I did not lose.' Now, I wish I did that with my losses. ...

Cable Update (GBPUSD)

Unfortunately a few good trades make you lose the grip of reality and you feel invincible....

Cable Update (GBPUSD)

Man I hate it when I do not follow my system...there is the little Devil sitting on my shoulder that with a smile says "trade, trade !!! waiting is boring, trading is exciting, TRADE!!!" On DEMO accts I follow the rules perfectly, live I go into ...

Cable Update (GBPUSD)

Guaranteed that on the 1hr chart the next candle will be red again.....

Cable Update (GBPUSD)

Very courageous candle, I can almost hear the voice from the movie "300" "Tonight, WE DIE!!!"

Cable Update (GBPUSD)

looks like the old man took some Viagra.....

Cable Update (GBPUSD)

Look at that little green bar (1hr), alone against all the red enemyes. It is trying to breath, to survive, to fight for its right....yet she looks so weak. It like witnessing a 90 year old man trying to get an erection....

Cable Update (GBPUSD)

UBS is going short on GBPUSD....

Cable Update (GBPUSD)

Out of the last 10 candles (1hr chart), I see only 1 green. This is serious....

Cable Update (GBPUSD)

Ah...forget about it, this thing is not going to show any reversal, at least not before tomorrow's session, and I do not expect a big one anyways, since this huge selloff will keep a lot of buyers on the safe side for now.....

Cable Update (GBPUSD)

Yeah but usually when there is such a huge selloff you can never really know if it is a trend or only a big correction...

Cable Update (GBPUSD)

Buying up makes sense only for short term, quick, small (very small) pips, but it is very risky...

Cable Update (GBPUSD)