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Bullseye Jem Mar 8, 2016 11:22am | Post# 21

1 Attachment(s)
Okay, does this chart get anyone as excited as me? GBPCAD - Uptrend Analysis - This uptrend has gone as far back as 2 1/2 years since Aug 2013. Plan - I am so willing to put a long position trade on this one. {image}

GBPCAD has since breached the trendline support and is now on a downtrend. U would be able to see i have put in a few short trades.
Click to Enlarge

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skfx Mar 9, 2016 3:29am | Post# 22

{quote} GBPCAD has since breached the trendline support and is now on a downtrend. U would be able to see i have put in a few short trades. {image}
Hi Jem.

As you reached out to me privately asking for me to reply here to your thread, i will briefly do so.

Just a few things to think about.
Are you monitoring/tracking 'Brexit' developments and BOE?
Are you monitoring/tracking OIL market developments and BOC?
If you are trading the GBPCAD cross rate then it is advisable to do so!

Also a question...
In post 14 on Feb 18, 2016 6:15pm, you mentioned you were "so willing to put a long position trade on here"...Did you? If you didn't, why not?
http://www.forexfactory.com/showthre...75#post8762775

What would happen to that line on your chart if 'Brexit' risks were to decrease and OIL prices begin to trade heavy again.
How do you think that line would hold up? My hope is that you're not putting your confidence in that line alone. I have done that before, it ends badly.

rgds
S

Bullseye Jem Mar 9, 2016 5:36am | Post# 23

{quote} Hi Jem. As you reached out to me privately asking for me to reply here to your thread, i will briefly do so. Just a few things to think about. Are you monitoring/tracking 'Brexit' developments and BOE? Are you monitoring/tracking OIL market developments and BOC? If you are trading the GBPCAD cross rate then it is advisable to do so! Also a question... In post 14 on Feb 18, 2016 6:15pm, you mentioned you were "so willing to put a long position trade on here"...Did you? If you didn't, why not? http://www.forexfactory.com/showthre...75#post8762775...
Hey Stephen, thanks a million for dropping by mate! Much appreciated. Well, i would have kept going long as much as the trendline was respected but as per my latest update reflecting that the trendline has been breached, i have actually put in a few short trades. Yes while i do note that the fundamentals right now include Brexit risks and that the oil madness might have bottomed out, i am essentially still a swing technical trader. I trade what my technical analysis tells me now. If sentiment on the D1 changes, i would change that execution on my H1 chart accordingly as well. So thanks for your headsup and rest assured that i am not going hardy against the trend of the market. Cheers mate!

skfx Mar 9, 2016 4:56pm | Post# 24

{quote} Hey Stephen, thanks a million for dropping by mate! Much appreciated. Well, i would have kept going long as much as the trendline was respected but as per my latest update reflecting that the trendline has been breached, i have actually put in a few short trades. Yes while i do note that the fundamentals right now include Brexit risks and that the oil madness might have bottomed out, i am essentially still a swing technical trader. I trade what my technical analysis tells me now. If sentiment on the D1 changes, i would change that execution...
No problem Jem!
Take care matey!

rgds
S

Bullseye Jem Mar 3, 2017 4:21am | Post# 25

So i got hitched in between and it was a heck of a long-drawn preparation that was why i took a darn long break from this journal. That itself was a massive project and then u have the honeymoon. Wow.. i never realised that just trying to enjoy yourself with your other half, trying to plan where u wanted to be at what time and for how much would suck da soul outta me.

I could now do two things if my trading doesn't work out. i could be a wedding planner, considering all the preparation work was so hands on, or i could be a travel agent; again we planned the whole itinerary.

Anyway, it is just good to be back, instill some discipline and accountability in my trading. Hope to hear from you guys!


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