DislikedUJ now entering bullish zone after break zero line at MACD H4. UJ might give influent to GJ movement. 148 or 146 is reversal point for GJ. I will sell at the top, not from here.Ignored
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DislikedUJ now entering bullish zone after break zero line at MACD H4. UJ might give influent to GJ movement. 148 or 146 is reversal point for GJ. I will sell at the top, not from here.Ignored
Dislikedyou have to consider the support at the neckline also.. better secure some profit first and then look for another setup.. at least if your first setup gone wrong, you still have some cushion to cover the second setup.. just my 2 cents..Ignored
DislikedUJ now entering bullish zone after break zero line at MACD H4. UJ might give influent to GJ movement. 148 or 146 is reversal point for GJ. I will sell at the top, not from here.Ignored
DislikedThanks for advice, but I shorted since 155.00 area and I hedge for any drawdown..I think I can handle my trades since I trade for myself and for a private hedge company.. I've been trading for 7 yrs..
I am a swing trader and scalp sometime for consolidation periods.
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DislikedIf that is the case, I think you don't need to listen to me.. I've only been trading for 5 years, this year will be my 6th.. ok bro.. I think you know what you doing.. Safe trade bro..Ignored
DislikedI have been a member since 2005 and I have learn alot from many traders about MM, price action, basic S/R..Years in trading doesn't mean much, it how much you can keep. The private hedge company thinks I know what I am doing..I trade other pairs beside GJ...Anyway, I don't listen to anyone but observe your point of view..I have been bearish for weeks..Pullbacks doesn't scare me...It is an opportunity if the bias is the same...All last week, I sold on all the rallies increasing my position for a bigger profit..If the trend changes, I will scale out...Ignored
DislikedYeah, I'm a swing trader like you also and I have been bearish for weeks, but I cannot afford to let my swing positions for major retracement as I can't hedge. So, I normally will close my short if I see a possibilities of a major retracement, unlike you, you can trade both sides of the market. Well, besides MM, everyone has a system that they have been using for years that produces positive results. So, I'm sure that you have your own system. Hopefully, we all will make some profit out of the market, and that's what really matters by the end of...Ignored
DislikedThe advice I can tell you from my own experience is to have two or three accounts...I have a swing trade account, intra-day account and safe account
When the PA is ranging, I would scalp for 30-50 pips to build up a margin in my short trade account, and transfer to my swing trade account to lower my risk...Also, when I reach a goal amount for the day or week in my swing trade or intra-day account, I transfer to my safe account for withdraws or backup to transfer for drawdown in the future..
This helps me alot when I have a drawdown on my swing...Ignored
DislikedYeah, but the problem is I managed other people accounts that linked to my account. So, in terms of management, it is easier to have the same position as mine. Normally, I will entered market based on percentage of equivalent equity so everyone in my list will have the same exposure to the market. Anyway, I've been trading the same routine throughout the years and I guess I will stick with it but thanks for your advise..
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DislikedPosted this on the Cable thread, looks possible IMHO:
Main reason I have been bullish from 16162 with targets upto and including 170, 180 and ultimate target 190 area:
Cup and handle formation on GBP/USD.
[font=Calibri][size=3]Cup and handle formations in Forex are relatively rare. The main criteria is the cup should develop over a period of many weeks and should be smooth(ish), hence the term “Cup”....Ignored
DislikedPicking Tops and Picking Bottoms are very "Dirty Jobs".. Please guys when next time you are picking the bottoms, use Latex Gloves..Ignored
Dislikedhedge to protect my positions ???HOW THIS WORK,,,WATH ABAOUTH THE SPREAD,,THE SPREAD MAKE 1 POSITION POSITIVE 200$ AND THE OTHER POSITION 300 MAYBE 400 NEGATIVE,,,HOW YO PROTECT YOU POSITION LIKE TATH,,,,Ignored
Dislikedhedge to protect my positions ???HOW THIS WORK,,,WATH ABAOUTH THE SPREAD,,THE SPREAD MAKE 1 POSITION POSITIVE 200$ AND THE OTHER POSITION 300 MAYBE 400 NEGATIVE,,,HOW YO PROTECT YOU POSITION LIKE TATH,,,,Ignored
DislikedIt is a run up to Wednesday:
GBP - MPC meeting minutes
EUR - Flashes of PMI
USD - FOMC Statement and Fed Funds rate
Entries up to Wednesday morning will be that of following the current short term trend.
Expected consolidation of EUR and GBP going into Wednesday morning's releases.
Volatility on releases of EUR and GBP and then wait and see until FOMC statement.
On the charts:
EURGBP - with the current momentum behind EUR I favour taking longs in EURJPY and shorts in GBPJPY. If the momentum in EURGBP continues 146.74 may be short lived...Ignored