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Understand the Game

Not a good iead: Squeezing Oil From A Stone
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Be a spectator, not a player
Although i think EU's bull still valid, but bear controls the short term
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Boring so M1
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Quoting wiserltz
Boring so M1 {image}
Patience ... might be forming a good setup soon

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POW!
Quoting fxprimate
{quote} Patience ... might be forming a good setup soon {image}
Not quite sure, choose to waiting and see

The big trapped sellers were released, sign of bear ?
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Those waiting for the bear
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Quoting wiserltz
Those waiting for the bear {image}
I made mistake by entered early

Stop trading today, entered early too many times today
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Quoting wiserltz
{quote} I made mistake by entered early Stop trading today, entered early too many times today {image}
... might be
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POW!
EJ another one to pay attention
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POW!
Simple
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Quoting wiserltz
Simple {image}
Yep nice scalp

PA, not very appealing to me at the moment, I'm just looking and waiting
And we have some news today
POW!
Last piece, want to see the news result
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Quoting wiserltz
Last piece, want to see the news result {image}
Close that, boring, not like the PA
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  • Post #534
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  • Edited Oct 17, 2019 1:16am Oct 16, 2019 10:00pm | Edited Oct 17, 2019 1:16am
Risky, particular the second top H1 is a little bit higher
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GJ 1pip spread
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This is a good way of looking at the markets because it involves the basics - support, resistance, and price action shown by candle patterns. Not much else is necessary. Just watching price action near those levels for bounces and break outs.
Quoting wgta
This is a good way of looking at the markets because it involves the basics - support, resistance, and price action shown by candle patterns. Not much else is necessary. Just watching price action near those levels for bounces and break outs.
The main key is possibility, nothing is 100% right or wrong, and swap and spread make things worse.
Be a spectator, not a player
Hey guys, just started trading and found this forum. Please excuse me if Im in the wrong place for these questions...

So I was trading GBP/CAD this morning and was at a loss on two trades. I was going to let it play out howeever I was not aware of the markert closing fridays. With that being said Im wondering what I should do/ expect. I didnt have stop losses on these trades which Im finding out the hard way is very neccessary.
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