Trading is about paying attention. Davit
- #27,025
- Mar 13, 2019 12:47am Mar 13, 2019 12:47am
- Joined Mar 2016 | Status: Full Trader | 1,378 Posts
- #27,026
- Mar 13, 2019 1:00am Mar 13, 2019 1:00am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
Currently I'm holding on my UC short not very convinced. 
Brexit issue is taking all the attention and GBP is the magnet where money is flowing into.
Later today there will be PPI and Core Durable Goods Orders for USD so I'll monitor closely this trade to save some profits in case of strong reversal.
Brexit issue is taking all the attention and GBP is the magnet where money is flowing into.
Later today there will be PPI and Core Durable Goods Orders for USD so I'll monitor closely this trade to save some profits in case of strong reversal.
Porta itineris dicitur longissima esse
Currently I'm holding on my UC short not very convinced.
- #27,028
- Mar 13, 2019 1:53am Mar 13, 2019 1:53am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,693 Posts
- #27,030
- Mar 13, 2019 2:11am Mar 13, 2019 2:11am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
I'm continuing to monitor UC short, multiple bounces from the DO line that is acting as important resistance zone.
Porta itineris dicitur longissima esse
- #27,031
- Mar 13, 2019 2:21am Mar 13, 2019 2:21am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Hi guys I am seeing some nice trades
very encouraging!
My labor here has not been wasted.
Food for thought
Commodity pairs by their nature are pretty predictable and easier to trade because of stable low ADR which makes it ideal to load up more then others.
Why they are my favorite pairs.
Successful trading is knowing where to hit hard and where NOT at all. NC perfect example since yesterday dropping nicely and still lots more room. Stressful? NOT at all.Its not a pair that will run 350pips in 1day.Be selective and understand value of your margin where you want to spend it.Preservation of margin is your fighting troops.
Carry on!
very encouraging!My labor here has not been wasted.
Food for thought
Commodity pairs by their nature are pretty predictable and easier to trade because of stable low ADR which makes it ideal to load up more then others.
Why they are my favorite pairs.
Successful trading is knowing where to hit hard and where NOT at all. NC perfect example since yesterday dropping nicely and still lots more room. Stressful? NOT at all.Its not a pair that will run 350pips in 1day.Be selective and understand value of your margin where you want to spend it.Preservation of margin is your fighting troops.
Carry on!
In trading, you have to be defensive and aggressive at the same time
- #27,032
- Mar 13, 2019 2:25am Mar 13, 2019 2:25am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #27,033
- Mar 13, 2019 2:32am Mar 13, 2019 2:32am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #27,034
- Mar 13, 2019 2:37am Mar 13, 2019 2:37am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #27,035
- Mar 13, 2019 2:58am Mar 13, 2019 2:58am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
In the end, on early signs of CAD weakness and USD coming back with red news later, more looking at PA showing another strong rejection at DO that in this case it's previous day low too, I decided to close my UC short for a good profit leaving other trades running.
Porta itineris dicitur longissima esse
In the end, on early signs of CAD weakness and USD coming back with red news later, more looking at PA showing another strong rejection at DO that in this case it's previous day low too, I decided to close my UC short for a good profit leaving other trades running.
- #27,038
- Mar 13, 2019 3:29am Mar 13, 2019 3:29am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
{quote} Dear friend. In my oppinion DOL dont even matter... If you got US broker ur DOL Will be different than EU broker. The candles D1 are different in USA and in Europe.. Its 8 h .
in this case you're probably right, in fact just after my closing it restarted its rundown.
I considered a bunch of reasons when I decided to close it, beyond pure PA then high impact news on USD coming some hours late and expected green.
However you'll never know until it's done.
Best regards,
Bubincka
Porta itineris dicitur longissima esse
In the end, on early signs of CAD weakness and USD coming back with red news later, more looking at PA showing another strong rejection at DO that in this case it's previous day low too, I decided to close my UC short for a good profit leaving other trades running.
- #27,040
- Mar 13, 2019 4:36am Mar 13, 2019 4:36am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
{quote} From my experience, M30 is not the best TF for signs. Talking of Davit's system and its overall distance that you expect from price to move- it's more stressless to watch H1 or even H4. In the end, you'll see the signs & close trades practically at the same level as it could be on M30. M30 for me is too "noisy"...
that's true, I also switched from initial M30 to often use H1 & H4.
Best regards,
Bubincka
Porta itineris dicitur longissima esse