2 Weeks Trading Experience

I just finished my analysis of the charts for tomorrow, and most of them agree very much... they are telling me not to trade.

One exception could be usd/chf short position from a higher point than now.

Trade with more caution than usual (if that possible?)

Take Care

Pepe

My usd/chf short (small position size) was executed and it is now (more or less), at my entry point now.

Directionless eur and gbp behavior today up and down, just confirmed my view was correct. I surely missed some yen shorting action, but it was developed later today, and I was not watching the charts. It is along time I dont complain about missing trades, or missing pips.

I am looking to take at least one new position tonight.

Good trades to all.

Pepe

I changed my mind and will not entered into any new trade. I was looking to enter into gbp/chf short, but I am VERY profitable this month and not interested to take additional risks.

Pepe

The trade I posted but I didn't take, dropped like a over 120 pips, usd/chf barely moved and if moved something was a few pips against me. It is called Murphy laws

Usd/chf is capped now, between the 2 moving averages I use to show me the trend... the 1 hour 144 EMA short term trend and the daily 21 SMA for the trend. Hopefully the green will be rejected and will come down. Lets see.

As I am trying very small, not even my patient is tested.


Pepe

I think we had here a nice lesson on the advantages of trading with the main trend... 1 hour candle engulfed almost 24 hours of (non) price action against my position. It is a lot more probably to see this price movement with the trend than against it!

More profits for me.

Pepe

Thanks for the updates, please continue posting, because it really help me.

Thanks to you. I am watching the charts for tomorrow and so far dont see anything too much promising. Lets see in 1 hour or so.

Pepe

as expected.

I want to post a very interesting chart... gbp/jpy monthly... I guess it is clear enough to help anyone to make their own conclusions.

A good night to all. Trade safe.

Pepe

Looks like there is a potential for good trades for tomorrow, still 5 hours needed to be sure.

Pepe

small position size.

Even knowing g/y it is in a danger zone, I am "compelling" to take this trade because is a perfect set up in my system with both usd/jpy and gbp/usd being shorts.

Note: even perfect set ups can fail. The only real perfect trades are the ones closed on target. Unfortunately we can't trade these before

Pepe

22 hours and I am +18 pips... not too much but 100% better than -18 pips and 1,000,000 times better than being stopped out, kaput, fora, end of game, bye money, lol. Well all can still happen since the money is still on the table with the trade open...

Nice daily and 4 h candles at this moment...

Later I will post an update on my view/decision on this trade.

Pepe

sorry, no time to update before.

will hold below yesterday high and/or 1h 144 ema.

good trades to all

Pepe

Trade closed -50 pips at the end of 12.00 GMT candle just before the drop and subsequent crazy move up motivated by the Fed speech.

Reason: Closing above 144 EMA,

Very small loss in % because I was using no leverage at all.

Good week end to all.

Pepe

I am done for the month, so I am not taking any new positions.

I will post a some charts tomorrow if I have free time.

Pepe

not trading, but watching...

Looks like I have a good eye... I am sick of seeing ridiculous systems and indicators here in FF...any moron is allowed to post its new miracle system to trade above his/her magic moving average, or following the dots, or Trend 666 indicator, or whatever, and most dont realize were they are lead following advise from the 5%+ losers...

Goods trades to all

Pepe

I am eager to trade, but will not trade, at least until tomorrow midnight GMT for September results. Will not post any chart, I am not sure if this makes any sense. Well I am sure forex trading didn't make any sense.

Some good investment quotes, pay attention, these quotes will not make you rich, but are better than 95% of the systems, journals, etc in the forums, because will not make you lose money.

I am glad to help, and writing here is better than watch the charts and not trading LOL. By the way, see where gbp/chf is running.

Be well.


Pepe


An investment in knowledge always pays the best interest.
Benjamin Franklin

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Warren Buffett

The economy depends about as much on economists as the weather does on weather forecasters.
Jean-Paul Kauffmann
Can we read as: Forex market depends on analysts as...

Never invest in anything that eats or needs painting.
Billy Rose
INVEST IN FOREX!

The four most dangerous words in investing are 'This time it's different'.
John Templeton
Have deep respect for long term S & R, but...

If past history was all there was to the game, the richest people would be librarians.
Warren Buffett
LOL

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
Warren Buffett

One of my favorites (actualized without authorization):

October: This is one of the peculiarly dangerous months to speculate in forex. The others are July, January, September, April, November, May, March, June, December, August and February.
Mark Twain

It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
George Soros

I hate weekends because there is no stock market.
Rene Rivkin
Me too, but we have all week nights!

Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you're generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don't make.
Donald Trump


When I was young I thought that money was the most important thing in life; now that I am old I know that it is.
Oscar Wilde

Looks like next month could be interesting...

Right now we are EXACTLY at the same lows than 16 years ago... 1994 lows!!!

on gbp/jpy long

Pepe

Pepe,
Please keep posting, both trading calls and charts. I made +120 pips with gbp/chf and +50 pips with gbp/jpy (scared I closed it too fast, even before any turning point).
Many thanks DFX