funny old day today ..... gbp up and down like a tarts knickers...... anyway I will keep trying to play a rebuy on GBP ....but with only Cad and swissie as primary sells its tricky UCAD or UCHF buys more safe at moment
Ignored
superb rebuy offered on Ucad earlier soon after this post.....33324/3330 sat up and begged .....now been to 3370
If majors have big spread which instruments have acceptable spreads?
Ignored
i'm rusty on non forex markets ....alhough earlier this year i was on decent spreads on the Dax with a group of dax traders i was working with
all usd pairs have decent spreads ...but thats the danger as USD is THE most manipulated currency in the G8 .....i'll also go EJ if needed .....once the market volatility increases though (as brexit is causing at times) i can happliy go into most pairs on lower TF's whilst it lasts
cad looked a little oversold ...so ive been scalping the bull move so far ....not much ...ive been selling ucad from around the 3358/7 levels after that third refusal to go bull again ....
sold off to 3344 so far so hardly flying .....so be prepared to come in hard bull again on ucad
so we got cable down to 3180s earlier......so i was able to scalp trade cable down for during its 90 pip net fall overall today .... no complaints and plenty of opportunities
yens had a decent bull run today so far ...and CAD has been bear as already discussed ......but GBP is the daddy again
earlier this morning i was trying to work a bear GBP initially ......then around 8.30 euro came off south and been selling Euro ever since ...GBP stayed bear as well ....
usd and yen decent buys ......
EJ the best performer then so far as a bear london session
still on my gypsy odyssey......got another month probably until we get back back into house and my trading room is ready...please bear with me as I beg borrow and use temporary trading rooms and hardware !
if you followed me here or at my other forums, websites , blogs etc you would have seen me mainly selling Sterling ......it was a solid bear most of the week ............until friday when i was buying GBP aggressively as it rallied North
Euro , Swissie and Yen were the main bulls at times..........others stayed pretty flat ........
market a little screwy at moment ...yen dropped south as well as usd .....and whilst GBP has retraced north dramatically ive been hesitant in buying it so far ......all change at moment
sorry but i’m taking a couple of days to do some business consulting with a few old clients .....it keeps my hand in and freshens me from 24/7 trading ....
if any of you guys are 100% full blooded trading you will know how fried you can get ......then you need to change the record for a brief while .....
i don’t really do hitting golf balls or sitting on a mountain meditating ......so i simply put my consulting hat on and do that.......a change is as good as a rest......ask my wife .......sit me in a sunbed for 10 mins and that’s already 9 minutes too long ......hahaha
I just wanted to comment on something’s really basic that i get asked a lot
what is the most important difference between profitable and losing traders ??
jees what a question ......no pressure them .......
having met and worked with several hundred profitable gamblers and traders over nearly 50 years.......my answer is this
the winners don’t give their profits back to the market ......that’s it
that’s it NVP.....???
yep......they don’t give their profits back .....
were you expecting that ?.......be honest .......what we’re you expecting ??......a holy grail bullshit answer like the marketeers and vendors will sell to you ?......sorry i don’t do that stuff.....you all know me ......i tell it straight ......
the best traders in the world do all the good stuff losing traders do......but they also ensure they don’t do dumb silly wasteful foolish reckless stuff .....that’s where the secret is........
DONT GIVE IT ALL BACK TO THE MARKET
i have met a lot more losing traders than the several hundred winners i mentioned earlier......thousands of themselves over time ........and they will remain losers ........because they never ever got to learn how to hold onto the moneys many of them made in their good times ......and many of them were profitable for brief periods in their careers ......
so remember this .......any idiot can make money’s briefly in trading .......but only the real pros ,make the jump and manage to retain those profits over time
learn that 1 skill and you will be profitable in a lifetime of trading.....
FXCorrelator - Scalping system
