Trading For Those With a 9-5 Job

EurGbp Monthly

You are right, of course, but with my pips in the larder, I can wait a little bit longer. Just don't tell my creature about them. So far my weekly candle structure is just barely Positive and the H4 Fractal pattern is holding - but for how much longer? If I get a solid 5,21 EMA cross, I will probably Close it all out for a nice,net pip count and regroup.

I certainly would not be looking to initiate positions either way with this picture at the moment.

Best, AG

UsdJpy - will it break down?

Today morning I closed all my short UJ and UC with fears from the comments I read from traders on forex Factory as well as of some of those commercial sites...that is bad! One should never listen to others when they are traders that one is not aware of their levels and also sites that who knows how credible they are. I was afraid! during the week I already lost 150 pips on some short UJ I added because I did not calclulate well when $ will close the gap how far up UJ will retrace. Experience is missing! Nevertheless when I closed today morning I had netted +240 pips in total on all my short UJ and UC. After I calmed down I reopned sell UJ. I need expereince, that is clear, but I Also need to trust that I already -now- know a bit more than when I started, that is called self confidence..without these two things it is just money running throug the sink..

Hi Rehab

Wekk done on your trading. I love the way you express any lessons you have learnt. They will put you in good stead in time. Wish you loads more pips

Olu

Dollar Index

GCSI Commodities Index

British Pound Long Term

Cocoa

Hi Olu,

Can I recommend this link for a little light reading.

http://www.hussmanfunds.com/rsi/policyportfolio.htm

I share this world view ie traditional investors are likely to get hammered/blindsided pretty soon when they are least prepared to cope. I particularly value your broad ranging perspective.

Working to get our trading skills across many instruments up to speed,

AG

Hi AG

Thanks for the link and your king words. For the purpose of diversfication I trade forex and commodities. I love commodities because they are finite and have a seasonality effect to them. I trade forex because of their trendiness. I have not been able to trade bonds and the stocks are too many for me to scan daily. So its the stock indices and bond etfs for me on that one.

Wish you and all the thread readers loads of pips and profit this week

Olu

EurUsd

UsdJpy 4h

usdjpy update

September Cocoa

GbpUsd

Lumber

usdcad

UsdCad - What a difference a few hours make

Hi, have been away on vacation. I am still short UJ and UC. IMHO there is still chance for the US$ to fall. Cheers