(pun intended) - Mods please leave my sense of humour alone. I am not illiterate.
It's fair to say that my discipline is less than perfect. I am capable of spotting a good entry and acting on it but somehow I always seem to mess myself up.
I've decided on a new course of action. I now only trade weekly charts, check the charts towards the end of the day on a Friday and I don't even open the trading platform the rest of the week (not even a sneaky peek).
I will post the basic setup, entry and exit rules as I go along but for now here are two trades I have taken today.
UsdSgd posted a spinning top last week and held below the key 1.38 level. The upwards trendline at the bottom of the chart is just a tentative trendline drawn to alert the possibility of support but it doesn't look too strong. On balance I feel there is another negative week in store for this pair.
That's a nice pin on NzdUsd. A decline to 0.68 looks distinctly possible.
It's fair to say that my discipline is less than perfect. I am capable of spotting a good entry and acting on it but somehow I always seem to mess myself up.
I've decided on a new course of action. I now only trade weekly charts, check the charts towards the end of the day on a Friday and I don't even open the trading platform the rest of the week (not even a sneaky peek).
I will post the basic setup, entry and exit rules as I go along but for now here are two trades I have taken today.
UsdSgd posted a spinning top last week and held below the key 1.38 level. The upwards trendline at the bottom of the chart is just a tentative trendline drawn to alert the possibility of support but it doesn't look too strong. On balance I feel there is another negative week in store for this pair.
That's a nice pin on NzdUsd. A decline to 0.68 looks distinctly possible.
Position trader - Anything intraweek is just noise...