Loaded some shorts on UC and EC
Looking for TP at daily open.
Looking for TP at daily open.
"In the end you only trade yourself."
- #32,663
- Nov 13, 2019 9:24am Nov 13, 2019 9:24am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
I've closed my EG, GC and GA short trades plus UC short as well. 
On GC I could hold a bit longer, I've been fooled by a false bounce on DO line, now it can go lower, at least to WR38.
I'm happy anyway because with GBP you never know, it's extremely volatile and when it seems dead it bounces back against you taking away your profit in a matter of seconds.
On GC I could hold a bit longer, I've been fooled by a false bounce on DO line, now it can go lower, at least to WR38.
I'm happy anyway because with GBP you never know, it's extremely volatile and when it seems dead it bounces back against you taking away your profit in a matter of seconds.
Porta itineris dicitur longissima esse
- #32,665
- Nov 13, 2019 1:54pm Nov 13, 2019 1:54pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #32,666
- Nov 13, 2019 1:57pm Nov 13, 2019 1:57pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #32,667
- Nov 13, 2019 7:08pm Nov 13, 2019 7:08pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #32,668
- Nov 13, 2019 7:28pm Nov 13, 2019 7:28pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #32,669
- Nov 13, 2019 7:33pm Nov 13, 2019 7:33pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #32,670
- Nov 13, 2019 7:43pm Nov 13, 2019 7:43pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #32,672
- Nov 13, 2019 8:26pm Nov 13, 2019 8:26pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Drawdown on AN and AU but will hold these trades as long as my account management warrants. In the past, would have closed due to one currency having a beating only to recover the moment I closed the trades, when the other currency having a worse beating data wise or some random news mess it up. I will be more patient this time. Experience is the best teacher.
In trading, you have to be defensive and aggressive at the same time
- #32,673
- Edited 1:50am Nov 14, 2019 1:08am | Edited 1:50am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
EG is "safe" data was green next GBP retail red here will send pound flying.........against bricks
Hopefully you guys understanding importance of these events shaping price.Its not about MA's Oscillators and their projected Divergences and over and under levels and all that BS jazz typical trader gets all hooked up its about fundamental data shaping price.That's as simple as that.Anyone who teaches a system does not go over events and its importance dont bother following or trying.Its a waste of time.You should not take lessons from ignorant and same you dont take piano lessons from someone who plays poorly.Its frustrating to me how new traders get slaughtered by misguided and ignorant.
Stay on course and understand the heart and the beat of the market!
Hopefully you guys understanding importance of these events shaping price.Its not about MA's Oscillators and their projected Divergences and over and under levels and all that BS jazz typical trader gets all hooked up its about fundamental data shaping price.That's as simple as that.Anyone who teaches a system does not go over events and its importance dont bother following or trying.Its a waste of time.You should not take lessons from ignorant and same you dont take piano lessons from someone who plays poorly.Its frustrating to me how new traders get slaughtered by misguided and ignorant.
Stay on course and understand the heart and the beat of the market!
In trading, you have to be defensive and aggressive at the same time
- #32,674
- Nov 14, 2019 2:14am Nov 14, 2019 2:14am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #32,675
- Nov 14, 2019 5:50am Nov 14, 2019 5:50am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
Shorting GA could be an option too despite aussie bad data.
However pound data aren't any better.
However pound data aren't any better.
Porta itineris dicitur longissima esse
- #32,677
- Edited 8:17am Nov 14, 2019 8:00am | Edited 8:17am
Hi all,
Davit, thanks again for this great thread. I am extremely pleased to see you absolutely nailing it. Very well deserved. The same goes for the other main contributors.
I will become more active on this thread now that I can focus back on trading again.
There has been a number of posts regarding GBP. Just wanted to add my 2 cents (well pence I guess
). The General Election is 4 weeks away and that, at the moment, is by far and away the main driver behind any major moves on the pound. Any economic news coming out at the moment regarding the British economy is going to have minimal effect whilst we are in the midst of this election (outside of any shocking economic news of course).
The very basics of it are:
The Conservatives (Boris Johnson) building on their lead in the polls is positive for GBP.
Any erosion of their lead via Labour (Corbyn) & Lib Dems (Swinson) will have a negative impact on GBP.
Why? If Boris gets his majority in parliament then Brexit will get done (ok not necessarily good for the British economy but the businesses/markets seem to just want it sorted now so that they can start planning etc)
If Boris loses/does not get majority then the whole Brexit drama continues creating more uncertainty.
This is a pretty good site for daily blogs on British Politics and gives updates on polls etc: http://www2.politicalbetting.com
Cheers all, Steve
Davit, thanks again for this great thread. I am extremely pleased to see you absolutely nailing it. Very well deserved. The same goes for the other main contributors.
I will become more active on this thread now that I can focus back on trading again.
There has been a number of posts regarding GBP. Just wanted to add my 2 cents (well pence I guess
). The General Election is 4 weeks away and that, at the moment, is by far and away the main driver behind any major moves on the pound. Any economic news coming out at the moment regarding the British economy is going to have minimal effect whilst we are in the midst of this election (outside of any shocking economic news of course).The very basics of it are:
The Conservatives (Boris Johnson) building on their lead in the polls is positive for GBP.
Any erosion of their lead via Labour (Corbyn) & Lib Dems (Swinson) will have a negative impact on GBP.
Why? If Boris gets his majority in parliament then Brexit will get done (ok not necessarily good for the British economy but the businesses/markets seem to just want it sorted now so that they can start planning etc)
If Boris loses/does not get majority then the whole Brexit drama continues creating more uncertainty.
This is a pretty good site for daily blogs on British Politics and gives updates on polls etc: http://www2.politicalbetting.com
Cheers all, Steve
- #32,679
- Nov 14, 2019 8:54am Nov 14, 2019 8:54am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
... There has been a number of posts regarding GBP. Just wanted to add my 2 cents (well pence I guess
I'm short on GC and today could take some profit at 1.7025 (DO line), instead I preferred to give it a bit more time.
However DO line has proven to be a hard level to be overcome on the downside.
Porta itineris dicitur longissima esse
