Evening all.....I hope this crappy PA will give us some pips today....if not, I will simply wait it out....lol....I have a LOT of patience and mister market can't 'out-patient' me!!
PM1
- #17,582
- Sep 4, 2013 1:45am Sep 4, 2013 1:45am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,586
- Sep 4, 2013 2:28am Sep 4, 2013 2:28am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,590
- Sep 4, 2013 3:11am Sep 4, 2013 3:11am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
From FXPro....fwiw: There’s an underlying nervousness in markets that was evident yesterday as gold and other assets reacted to the US/Israeli missile test and with Congress offering its backing to limited US action in Syria. When this will happen is not clear, so we could well see some caution today and possibly for the rest of the week. Given the scale of other military campaigns of recent years, the impact economically is marginal. Politically, there are bigger ramifications that may not have an immediate impact for markets, but could change...
Thanks RJ.
- #17,596
- Sep 4, 2013 4:52am Sep 4, 2013 4:52am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Despite the dull PA I still find pleasure in the market at these times Finding reasons not to open planned positions due to good analysis is as important as taking good trades PPC (preserve precious capital) I give myself a pat on the back when Ive read a situation well...........trade or no trade J
I would say that many, if not most systems are suffering in this PA, and that's the nature of the business that we are in. Now, I would be willing to bet that many people have been entering trades this week out of frustration, or misreading (or worse, ignoring) their signals and suffering losses. I imagine that there has been a bit of revenge trading going on too, chasing the markets and getting whipped up and down trying to make a buck!
I like to make money, but I hate to lose money through impatience or stupidity and when we have have this kind of crap PA, we can still learn a lot from it......the PA is our teacher, whether we like it or not!!
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,598
- Sep 4, 2013 5:37am Sep 4, 2013 5:37am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
if your under pressure to put food on the table weekly with your trading you will end up trading when you shouldnt, which is tantamount to gambling.
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,599
- Sep 4, 2013 5:39am Sep 4, 2013 5:39am
{quote} Yes, that's a good point you raise there. At the times I trade, so far this week has been rubbish and I'm well behind the 8 ball for my targets, but that's ok because I haven't lost a cent! I would say that many, if not most systems are suffering in this PA, and that's the nature of the business that we are in. Now, I would be willing to bet that many people have been entering trades this week out of frustration, or misreading (or worse, ignoring) their signals and suffering losses. I imagine that there has been a bit of revenge trading...
I appreciate it even more since I've been there in the past and know first hand what you mean
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