To Pipccess and Beyond
Turn $100 into $10k in 100 trading days = high stress high RR 121 replies
High Leverage Trading, Going For A 100 Million, 100% A Week 149 replies
High Leverage Trading, 100k To 100 Million, 100% A Week 23 replies
Always Trading With a 1/1 RR Ratio 25 replies
The Market is always Technical 0 replies
Disliked{quote} Where did you find out when Carney is speaking? It doesn't show on the economic calendersIgnored
Disliked{quote} I use ransquawk and they will know everything. As an alternative use forexlive.com via your mobile and they will send you instant alerts for free if you opt in.Ignored
Disliked{quote} Carney is not speaking today, but the BOE is, however they are not part of the MPC, but it could still drive price https://www.forexlive.com/centralbank/!/heads-up-on-boe-speakers-due-later-in-the-day-20180424Ignored
Disliked{quote} I'm going to need a dovish statement from him, GBP has been holding its own against the USDIgnored
DislikedI took a short on a cable this morning based on the sentiment from yesterdays dollar strength. Cable is in fact bullish vs the other major pairs, but the dollar continues to pressure it which I will hope forces the big boys to take profit from prior longs which would see cable tank down more. Quite frankly NZD looks a better pair to short, but seeing as I do not understand the reasons for its fluctuation I will not trade. Also its daily range is not as attractive as cables or even EUR which is currently bearish. We also have Carney speaking at 7pm...Ignored
This is where I entered my short position before the retracement occurred
DislikedWas going to post earlier but needed to make sense of what was going on in the markets, my bias before the LDN open was a SELL for the AUDUSD due to: The USD strengthening because of the T-Bond yields And the AUD weakening due to statements from banks commenting on the unlikelihood of the RBA raising rates until 2019, also a/a CPI was below expectations This is where I entered my short position before the retracement occurred {image} US SESSION For the US open my bias is going to still be a weak AUDUSD, however, I had felt that the USD momentum...Ignored
Disliked{quote} Yes, I meant to buy! I have corrected it now UPDATE ON THE TRADES: With the AUDUSD and NZDUSD, they have both met some resistance killing the downward momentum, but the fundamentals are still present to maintain my bias For my USDCAD long (not short! Lol) News has come out that the US is not looking to re-negotiate or re-open the JCPOA which is going to have a bullish effect on oil and eventually the CAD, so I will be looking to liquidate this position {image} I am also aware that I need to work on getting better entries which I am working...Ignored
DislikedSo earlier on today I saw an opportunity to go long GBP/NZD. NZD has arguably been the weakest currency due to various factors but poor recent CPI's being the main reason. In prior months there was NZD strength seen for no particular reason, but the currency has now found its true trend of weakness. I did not plan to trade today but the NZD weakness was too much to pass up on for this mornings session. Yields were also impacting NZD/USD quite heavily. The trade is current in profit but has been a choppy session {image}Ignored
Disliked{quote} Just closed this posiion for 40 pips. Was looking for 76 pips. It's been a real choppy even as pound is bullish vs all pairs but the weight of the dollar in it is slowing it down. Nzd and eur are the weakest currencies today minus mxn. {image}Ignored
Disliked{quote} Congrats on the trade, what was the reasoning for a bullish GBP, I've seen the pair rise but can not understand why, Brexit negotiations, Dovish Carney all scream bear to meIgnored
DislikedI took a long on cable below the daily pivot as I received notice that Algo/Model buying was taking place at 1.39. Since then cable has taken of. I will hold this position with the stop loss close to 1.39. 1.38/9 is close to where the pricing in took place for the BOE potential May rate hike so it seems traders have released their positions for profit and entered at 1.39. {image}Ignored
Disliked{quote} Currently 40 pips in profit for cable I traded the post ecb meeting (which was uneventful) and went long based on dollar softness which was a silly mistake and cost me half today's profit. Nothing from the conference suggested going long, but I did it based on the dollar index being down and other currencies doing well vs the dollar. I normally go in quite heavy on ecb day but today's material preview and weak minutes statement left me more reserved so I take a positive from how I managed the riskIgnored