Thanks Palmer, your efforts are appreciated!

4 Hour Strategy (MACD)

Yes, but no risk, no reward!

Cable Update (GBPUSD)

You believe there should be even more of a downside then/USD strength?

Cable Update (GBPUSD)

Yeah, the two aren't always the same.

Cable Update (GBPUSD)

Looks like it should have some short term support around 9618 or so first, but yeah, if it breaks, the next level I see is around 9585 too.

Cable Update (GBPUSD)

Looks like it might take a bit of a break around this level though... but who knows....

Cable Update (GBPUSD)

Actually just shorted again and made some more pips. Gotta love this correction! I love wild rides like this.

Cable Update (GBPUSD)

Yeah, it's never as easy as it looks to take a position like that in a situation like this.

Cable Update (GBPUSD)

Kind of like catching a falling knife, huh?

Cable Update (GBPUSD)

Good luck! I was thinking of doing the same @ 35 but didn't pull the trigger.

Cable Update (GBPUSD)

Ah, gotcha, thanks for the clarification. And yes, hindsight shows there was a good trade in the end, but don't fret, as there will always be another one - that's the beauty of forex trading!

4 Hour Strategy (MACD)

Good call, too bad we're on the sidelines! The signs were definitely there. When you get so many people and sources being short-term bullish and saying "1.9777 and 1.9900 is next!!!" you can't be surprised when something like this happens...

Cable Update (GBPUSD)

30+ pips? How? A couple hours ago it was around 1.2100, it went up to about 1.2120 and is now at 1.2117. There has been no +30 pip range by my charts for a little while... Plus, if you're following Philiip's strategy you wouldn't have received a ...

4 Hour Strategy (MACD)

Yeah, quite true - I guess it's just more of the psychological factor than anything in that case... at least it would be for me...

Cable Update (GBPUSD)

Haha, I closed my short from 9697 as well, also at 9675! Great minds think a like, huh? Yeah, I'll be watching it as well to see. There's a fair bit of short term resistance around that 9672 mark but if she breaks it, look out! I wouldn't be ...

Cable Update (GBPUSD)

I hear ya! Geez, how do you justify your R:R on a 100 lot trade!

Cable Update (GBPUSD)

Good eye, but I'd personally wait for the next candle (for me it's in an hour). If the next candle is above the zero line, then yes, I'd say that's a long signal, however if she retreats and bounces off the zero line, that could be a short signal. ...

4 Hour Strategy (MACD)

The 4-hour chart is showing a rounded top on the MACD, giving a short signal. A temporary pullback might be coming...

Cable Update (GBPUSD)

Nice, thanks for the info!

Cable Update (GBPUSD)

Cool, thanks for the insight, it's appreciated.

Cable Update (GBPUSD)