Cable Update (GBPUSD)
After a series of losses that caused me to lose all my Spare money, I'm taking a break for something like two weeks, I have to recover mantely and financially, good luck friends I said in the morning first target 1.14000 Second target 1.15000 I didn't go with it in the end{image}
{quote} Buddy I’m in similar the move today and Friday whacked me for 6! Am trading with very small amounts now. But I hear you about the mental battering. Take care
Was there any news that prompted the upward move?
{quote} Nope. No big news, just some options contract expiry. They were trying to push the spot price up to level they want. They've had to exercise it, otherwise it'll be out-of-money by 10 am Eastern. The price move like this is not sustainable. That's why I did not even bother with any trade. I just sit and watch.
{quote} It happened to me as well, on a small account 2 weeks of gain erased in a day because i don't want to cut a finger, and losing an arm at the end
