Closed UC nice gain{image}
- #24,662
- Feb 1, 2019 11:57am Feb 1, 2019 11:57am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #24,663
- Feb 1, 2019 11:59am Feb 1, 2019 11:59am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote}{image}
In trading, you have to be defensive and aggressive at the same time
I'm going to start using Higher timeframes next week, basically I will use H4 candles for entries and then add postions every hour if its moving in the overall direction and the reason being i cut my positions early and then dont ride the big swings. Im in and out many pairs when really i should be focusing on just 3 pairs a week, but catch majority of the swings. I am not saying this the new me just trying a new me 
. Trial and Error
. Trial and Error
- #24,665
- Feb 1, 2019 12:01pm Feb 1, 2019 12:01pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #24,669
- Feb 1, 2019 3:00pm Feb 1, 2019 3:00pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #24,670
- Feb 1, 2019 3:03pm Feb 1, 2019 3:03pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
I dont post too much just for simple reason that i trade many times the nasty pairs and here i have nothing to prove with that.
Hello Husky77,
posting not so successful trades is still useful for educative purpose. Trading is not only roses, there are tears and thorns as well
. My yesterday trades (no charts - was at work 
) :
1. Avoiding USD due to NFP. When I woke up European time EA has moved from WS100 to WS 61 so it was logical EN to follow (although against the main trend and not recommended) I nailed 2 positions X +60 pips.
2. Also EJ from pivot to R38 (still afraid to hold longer not to turn winners to losers)
3. And some AN as well.
Have a good weekend everybody
Hello Husky77,
posting not so successful trades is still useful for educative purpose. Trading is not only roses, there are tears and thorns as well
. My yesterday trades (no charts - was at work ) :1. Avoiding USD due to NFP. When I woke up European time EA has moved from WS100 to WS 61 so it was logical EN to follow (although against the main trend and not recommended) I nailed 2 positions X +60 pips.
2. Also EJ from pivot to R38 (still afraid to hold longer not to turn winners to losers)
3. And some AN as well.
Have a good weekend everybody
- #24,672
- Feb 2, 2019 6:17am Feb 2, 2019 6:17am
- Joined May 2014 | Status: Trader | 4,735 Posts
I dont post too much just for simple reason that i trade many times the nasty pairs and here i have nothing to prove with that. Hello Husky77, posting not so successful trades is still useful for educative purpose. Trading is not only roses, there are tears and thorns as well
the loses ? not a problem for me cos are part of the game,i take it and i move forward as always. If youre ''afraid'' to trade better not trade at all or train your self to get rid of such emotions when stay at charts,i say this from personal experience. If youre afraid to turn winners into losers then lock profit or BE and dont look back when you get BE for one pair who had profit,thats it,with time you will educate yourself. Move forward and hunt next opportunity.
a smart man said ''Nobody became poor by taking profit''
cheer up!
Take what you can, give nothing back
These are the news I think worth looking at for next week...
Best to be a sniper and just look out for the high probability setups instead of pulling the trigger here and there..
Best to be a sniper and just look out for the high probability setups instead of pulling the trigger here and there..
We're not here to be right, we're here to Profit Consistently!
- #24,675
- Feb 2, 2019 1:30pm Feb 2, 2019 1:30pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
These are the news I think worth looking at for next week... Best to be a sniper and just look out for the high probability setups instead of pulling the trigger here and there..
In trading, you have to be defensive and aggressive at the same time
Here goes my 5 cents worth:
Here in New Zealand, unemployment is increasing and in Australia it is decreasing, however both of us have low rates of inflation, which is likely to be downgraded in Australia's monetary policy statement this week. Wages growth will increase in Australia from better unemployment. Not so for the RBNZ. However, RBA may decrease their rate due to lower asset values, lower net migrant and a decrease in incomes. It is also their election year in Australia which may be a macro factor. Official cash rate is unlikely to change in NZ in the near/medium future.
So, trading this week with the NZD and AUD news coming out, i'll be expecting downward pressure - selling the rallies. Also expecting Yen strength so will like the crosses, such as AJ.
Anyway, this is just my view, I'm a beginner and may have it all wrong - love to hear more on the Aussie and Kiwi dollars.
Kia ora.
Here in New Zealand, unemployment is increasing and in Australia it is decreasing, however both of us have low rates of inflation, which is likely to be downgraded in Australia's monetary policy statement this week. Wages growth will increase in Australia from better unemployment. Not so for the RBNZ. However, RBA may decrease their rate due to lower asset values, lower net migrant and a decrease in incomes. It is also their election year in Australia which may be a macro factor. Official cash rate is unlikely to change in NZ in the near/medium future.
So, trading this week with the NZD and AUD news coming out, i'll be expecting downward pressure - selling the rallies. Also expecting Yen strength so will like the crosses, such as AJ.
Anyway, this is just my view, I'm a beginner and may have it all wrong
- love to hear more on the Aussie and Kiwi dollars.Kia ora.
{quote} That does say nothing.What do you think about it?
But to answer you Davit, I just believe that these red news are one of the reason Market Makers use so they can move price around.. There will be more liquidity on that currency, so I will be there to take advantage of the move that will happen and profit, even 1 swing (one pivot to next pivot) is already good enough for me to get my daily goal, less stress...
That's just my 2 cents..
We're not here to be right, we're here to Profit Consistently!