well ...usd is deffo bearish so far .......ive had success with UJ and EU on the usd sells ....
its hard not to be in Cable buys as well .....but so far cable is still some 40-50 pips off its 6am opening levels ...so hope remains i can still hit the resells when offered....
thanks for all the many kind responses and comments regarding my free forex material and ideas on using strengthmeters in forex trading.....nice to know the last 20 years hasn't been wasted !
ok trading is still pretty hard guys ......even experienced traders take losses at times ...its inevitable ...its business ...its part of the game ....
if you cant accept it then dont trade ...full stop ....go elsewhere and make your money ....no disgrace and no shame
ok its choppy in last hour or so .....painful ...knife edge scalping trying to sell cable and nothing that obvious coming as buy opps into a rising usd at present
look at lower left chart on fxcorrelator 20 ma on 5 min ...see the convergence of 8 lines ? ...DONT TRADE !!!
this is where all inexperienced traders hand back their profits .....so tighten up in what you do ...or simply step away from market ....
but do something different ......and recognise the market has tightened
dont just keep doing the same things as a trend market ...you will lose
just picking off decent buy signals into usd pairs ...off the bearish USD this morning
(see the green line USD on indicators attached ?)......usd is below zero line = sell
yen , GBP , Euro ...even swissie ....ive been buying them all as they came up into usd sells ....heres 2 pairs shown on a standard 5min chart .....(remember this is just an indication - I rarely use these charts to trade ...i am trading much faster charts on customised triggers to make money)
REMEMBER TRADERS
you just have to have a good strategy with a decent EDGE......and stick to it .....dont chase ghosts and whispers ....trade your plan.....you will eventually be successful....but generally it will take a few years to get there .....
dont believe the "1 week to riches" hype from Gurus and experts and schools and academies selling you courses ........it needs at least 10,000 hours to become a good, profitable independent trader .....
thats why 97% of traders lose over time ....they think these academies and schools make them unbeatable ...think again ?
FXCorrelator - Scalping system
