Sell trades locked in at BE from 1.2640. Was initially aiming for daily S1 at 1.2585 but think if we break 1.26 there will be a lot of sell orders to take us a lot lower.

Welp today absolutely sucked. Every trade I took according to my system lost, every trade I didn't take but could have according to my system (missed the trade) won. Guess thats the way it goes.

Slow slow day, as expected after NFP. Keeping a short open on FTSE100 but closing charts for now. Will check back at NY open.

Yup not even a break of structure on the 1m yet, no confirmation for these shorts at all.

The more money you trade with the less you need to make. If you have 7 figures, making 2% a month is a great return. Whereas, if your trading with $1000, 2% is nothing. That's where a lot of people go wrong with prop firms. They go in risking 2-3% a ...

I find that when im having a rough patch that backtesting my strategy again can help prove that it is profitable and improves my confidence. Maybe this is something you can try out. I'd advise using something like FXReplay or TV for bar replay, ...

I was always against trading commodities or index's, infact, I was against trading anything other than GBP/USD until I "mastered" it. Nowadays I have a few commodities, a few index's and a few currencies in my watchlist. I check the daily to see if ...

GU not been great past two weeks to be honest. I've mainly been trading Oil, FTSE and S&P. Much better price action. Used to only trade GU but this price action has forced me elsewhere for now.

Will short if we break 1.2105. SL 1.2135. TP Open. Could change if we make new highs.

Because institutions use news to rekt retail traders. They don't care about the result, all they care about is how they can get retail traders liquidity. If moving price in the opposite direction to what retail traders believe the news should move ...

You aren't the only one. I've always found UJ to be difficult to trade, seems to be a lot more liquidity grabs there before the real move happens. Personally I've just started sticking to GBPUSD and I've found that I'm doing a lot better.

To me, if we reach your tp, then we will have switched to uptrend on 15m so could see small retrace then further movement upwards. Just my 2 cents.

Will be looking at sells unless we break 1.22. Will be surprised if we break that level given that it is the last major high on 15m, weekly pivot and daily R1. Then again, the market can be surprising at times.

Could a weaker economy not also cause funds to exit positions and hold cash, strengthening the dollar?

That's the way to do it, these people think the market makers are gonna make life easy for them

Retail traders will always be contrarian, its why the majority lose.

The thing is Moty, I see you with a new indicator or strategy every week. Just start trading with trend and support and resistance. I very much doubt you will find a successful indicator that actually works long-term or doesn't repaint and if you do ...

So weekly S1 has now been hit prior to weekly pivot, it appears this week we had one of those 20-30% scenarios. No danger, I had SL’s in place and actually still made money with a long bias. Rest of the week I will be continuing to follow trend. ...

I've explained a few times as to why I have a bullish bias currently, you can check out my other posts.

exiting longs here, may go higher but ADR (87) has nearly been reached, current range is 77. I don't believe we will make weekly pivot today unless news is positive. If we see significant retrace prior to news I may jump into a long.