It was over a few minutes.

EURUSD

Plus if you are using something like MT4 the scaling settings can make a small movements visually look big when they are not.

EURUSD

Well unless you are suggesting the US and UK banking systems are about to go into meltdown again I cannot see such a dramatic scenario playing out again. The retail figure actual and estimate are often completely different.

Cable Update (GBPUSD)

Without a doubt it is going to go.....................................east.

Cable Update (GBPUSD)

For the time being cable seems to have got itself stuck in a tight little range. image

Cable Update (GBPUSD)

Now will NFD ruin this nice developing set up. image

Cable Update (GBPUSD)

Potential divergence forming on the 4HR time frame. image

Cable Update (GBPUSD)

The daily looks fairly positive for those who are long. It firstly topped out at around 1.57x and went roughly down to the next zone 1.545x, failing in the process to go lower than the previous action around the 1.545x zone. There hasn't been a ...

Cable Update (GBPUSD)

EUR/USD has a lower ADR compared to GBP/USD, yet it is my best pair in terms of return. GBP/USD hasn't provided too many opportunities for me though.

Cable Update (GBPUSD)

Somewhat neutral on cable currently but leaning slightly towards the bearish side. One small observation I have made is GBP/USD and GBP/JPY have continued their 'me to' act this morning and both hit zones I have marked out at the same time. image ...

Cable Update (GBPUSD)

Take out their SL's and lure some into longs. Brokers must rub their hands together with moments like this.

Cable Update (GBPUSD)

Good day to you as well, hopefully it does after my first attempt failed due to being a day or two early and setting a slightly too tight SL.

Cable Update (GBPUSD)

The scenario I am hoping for and one that is not outside the realms of possibility. Otherwise my reaction will be something like this image

Cable Update (GBPUSD)

Cable has reached the point where I can comfortably start looking for shorts on the lower timeframes. image

Cable Update (GBPUSD)

Overshoot yes, but 300 pips on cable in one day currently sounds somewhat pie in the sky.

Cable Update (GBPUSD)

Any reason for such a bit move today? image

Cable Update (GBPUSD)

It just needs to get a bit closer to 1.57, then I will happily take a signal from a lower time frame to go short. image

Cable Update (GBPUSD)

Nothing to worry about then , it will happen again and you will likely suffer a bigger losing streak than 4 at some point. As long as you don't lose your head when it happens or start questioning your entire plan you should be fine.

Cable Update (GBPUSD)

Did you follow your plan? Did you break any of your rules when entering those trades? If not you have nothing to worry about, losses will always happen. They can be very disheartening when you get a series of them, just take a peek at my trade ...

Cable Update (GBPUSD)

Surprised no one spotted or posted the divergence forming on the 4hr chart. image I will admit I was somewhat shocked by the suddenness of that move and felt like a bit of a mug going long at the time, based on the sentiment in this thread.

EURUSD