Another opportunity to short this pair or add to a short. Pretty sure we're heading right back down very soon.

Cable Update (GBPUSD)

Thanks, man. I've been trading and studying the markets obsessively (in every sense of the word) for 11 years now. You still short?

GBPNZD trading calls

Yes and no, I'd say. Yes, setting stop and target and walking away can yield better results, especially for beginners. But it is not the best way, IMO. When you've done this long enough, you figure out at some point that you don't need the trade to ...

GBPNZD trading calls

You thought today was a big sell-off? We can easily make it to 1.4500 in next two days. It might take longer than that, but there is a good chance this thing is about to REALLY fall!! 1.4250-1.4350 is almost a certainty at this point.

Cable Update (GBPUSD)

No, I agree with you on that! If your position is making you nervous, your probably overleveraged. Still, you can trade in the way I described without ever increasing the initial risk. Gotta go now. Talk with you guys later.

GBPNZD trading calls

OK, one more thing before I get off my soap box. Get your sleep! A tired trader is an unfocused trader. Not to mention its bad for your health. You did your homework. You have yourself protected. When its time to go to bed, let it go and try to ...

GBPNZD trading calls

Now take it a step further and consider what would happen if you added size to your position right now, lowered your stop to 2.0764 and let it run until you see some strong buyers appear (it won't all disappear at once even when they do appear). You ...

GBPNZD trading calls

The market ain't going to let any longs that just got blitzed get out right away. They are now stuck. There is a lot of damage it can do by going down. The damage has been done on the upside. This is really what separates the winners from the ...

GBPNZD trading calls

Now don't go talking yourself out of this trade! GBPUSD has more potential than NZDUSD for a big drop , IMO.

GBPNZD trading calls

Holy shit!! Haha..yeah, I think it topped!!

GBPNZD trading calls

Yeah, when you're over-leveraged it is hard to put a safe stop in place, because the risk is so great. You end up setting stop way too close and losing money and your ticket for the big ride. Its happened to me many times before I finally realized ...

GBPNZD trading calls

Anything above 1.0850 and your flirting with disaster being short, IMO.

GBPNZD trading calls

Sounds good. GBPUSD has not even broke 1.4810 yet. EURUSD is in no man's land as far as I'm concerned, unless your already short from a higher price.

GBPNZD trading calls

Until I see strong buyers I will not predict when EUR will take a breather. But keep in mind that EURGBP could move UPWARDS in a strong move. EURUSD might chop around while GBPUSD drops HARD.

GBPNZD trading calls

I've thought about it, but I'm sitting pretty in my GBPUSD trade and there is still a lot of potential gain for me in that pair too. Now as far as 1.9600, its pretty simple really. Simple, but logical and a very powerful tool to use. Look for where ...

GBPNZD trading calls

I'm telling you, if this reverses from here we will see 1.9600. You will be kicking yourself if you get out before 2.0000. With that said, we always must remain on the lookout for signs that we're wrong, but 1.9600 looks extremely likely if we don't ...

GBPNZD trading calls

Looks like this is about to break. 1.0850 untouched so short is still the way to go, IMO. My cable trade looking pretty. About ready to lower stop and add size on that one.

GBPNZD trading calls

Well, it still hasn't hit 1.0850 bid, but it ain't looking good. Its still moving opposite GBPUSD--I don't have any studies to back this up--but it seems like in the past, GBP has lead the pair. Whereas lately, NZD has been leading it. Well, good ...

GBPNZD trading calls

Alright, man, good talk. I think your GBPNZD trade will be great, just remember to punish it for the anguish its putting you through right now. Don't get out too early, because this has major potential! GBP fall starting to pick up steam as we speak. ...

GBPNZD trading calls

Well, its not too late, though I know your in many other trades already. If/when we make new lows there is potential for a BIG drop!

GBPNZD trading calls