Thanks guys,
I actually stay flat.I do not trade what i do not understand.
Made some pips better to keep them than to lose them
I actually stay flat.I do not trade what i do not understand.
Made some pips better to keep them than to lose them
No brainer fundamental trades 55 replies
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The Koala System (No brainer) 127 replies
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Selling USD and YEN is a no brainer. 12 replies
DislikedI am not beginner actually.
But I always ask questions if I do not understand somwehing. Plus, I just stay out if I feel the risk is too much for me to trade.
As I use 40 pips stop, it can be killed in no time in volatility induced by news releases and as I am not looking for big moves but some 10-20 pips per trade, it does matter for me.
Plus, it is not my money I trade...
hence, i am more careful and use tighter risk control.Ignored
DislikedPerhaps, it is a bit personal. I am not so confident yet in identifying S/R. I have made my lines on EUR/USD W1. Nevertheless, it doesn't seem perfect at all. May anyone with more experiences/skills give me some comments on my lines?
Many thanks!
kk007Ignored
DislikedPerhaps, it is a bit personal. I am not so confident yet in identifying S/R. I have made my lines on EUR/USD W1. Nevertheless, it doesn't seem perfect at all. May anyone with more experiences/skills give me some comments on my lines?
Many thanks!
kk007Ignored
DislikedInteresting that many beginners think it's the news that moves prices up and down. Speculating that if the GDP is good, investors will want to buy, they're gonna need USD to pay for stocks, and if everyone needs USD, it will be more valuable than other currencies... or speculating if the GDP is bad, everyone will want to sell all assets, and will want to have $$$ on their accounts, so prices will drop...
I think we can make up similar stories for every news... for both sides of the coin... but imo the most important news are interest rate decisions....Ignored
Dislikedcould be some resistance there , coincides with 62/76% fib from later high and a natural pullback area ...its struggling with 106.93 ..76fib at mo. cheers sam.
AttachmentIgnored
DislikedMorning,
Cable is a nice wedge formation on the 4hr and is trapped for the time being could be a breakout + pull back on this.
Also watching the 10630 area on the Swissy and 6552 on the kiwi. lots of possibilities today.Ignored
DislikedIgnored
DislikedHi,
Cable is trying to break out of a wedge to the downside we have a 61 fib level from the last swing up off the same trend line below it if that breaks i'll look at targeting 16270 level. The line looks like its holding for at the moment so lets see.Ignored