i do love watching quote on news announcements,still fascinates me watching price cascade 60 pips,couldnt find reason to fill that one back,watching all my pairs now ,to see how overall market excepts those figures,they all adjusted accordingly,
I closed the 3rd part of the position for 34 pips profit. The stops below 50 were triggered and I read some reports that profit take bids may appear here.
i do love watching quote on news announcements,still fascinates me watching price cascade 60 pips,couldnt find reason to fill that one back,watching all my pairs now ,to see how overall market excepts those figures,they all adjusted accordingly,
Ignored
Sometimes I trade the bounce after news releases. The entry is based on levels and quotes and is very dangerous. This position was opened 14 seconds after the data and closed after 15 seconds for 5.9 pips profit.
how long it took you to become consistently profitable?
Ignored
It took me 3-4 years, but the times were different. I had to learn almost everything from my own experience. Now it's much easier. You can find a lot of books, training courses, etc. It saves a lot of time.
i was watching quote on cable leading into the news,an interesting observation that appears often is price leading into it,when price is steady in anticipation,it skips prices infact on this occasion 5 ,as it hit its high at 9.30 at 67 level.this happens regular .ive started logging all these patterns before news,havnt yet got enough to trade them live yet but its encouraging
im still in a short on cable,although everthing has stalled at present.all pairs fallen into line negative,
i guess my exit on cable is a prime example of premature ejaculation,didnt trade this afternoon so no reentry,the 14 pairs and 14 indices ,and coms,all in what i describe as perfect sync,i know you dont trade newyork smrfx but did you manage a reentry on your eu,anybody else ride this down
regards
william
i guess my exit on cable is a prime example of premature ejaculation,didnt trade this afternoon so no reentry,the 14 pairs and 14 indices ,and coms,all in what i describe as perfect sync,i know you dont trade newyork smrfx but did you manage a reentry on your eu,anybody else ride this down
regards
william
Ignored
I did the same mistake today. I was hoping to sell again EURUSD but didn't have the opporunity.
STE off 20 EMA, after Wellink inspired sell off. 1st part closed at +6p, 2nd at +11p.
The limit and stop executions you see on the chart are from my overnight position. EURUSD range yesterday was twice as the average for the last 100 days and it fell 1 big figure below S3. Short squeeze was normal for the Asian session. 2/3rds of the position were closed for 32 pips profit, the last part was stopped for 15 pips profit.
hi smrfx,sorry late reply,my connection went down only just back on,i was on a long on cable but didnt bring my stop up from the initial bounce up,so was in the dark,somwhat ,had to take a unnecessary loss,but covered it on my ftse as i have a fixed exit on indie trades,
yes at present my fx pairs strong negative,nothing to suggest a change at mo,although im noticing a bit of leveling out on stocks
im a bit disappointed i missed the 9.30 retail sales,internet down,but looking at 1 minute chart its identical to yesterdays pattern and subsequent drop,would have liked to have watched quotes leading into this,agin these maybe coincidental but theirs defiantly a pattern there.
