Analysis for Monday 25th November 2013
Good Evening,
Based on Daily closes, possible:
a) Long CADJPY
Based on today's close, for Monday only a potential long on CADJPY shaping up if it occurs but no stop orders as of yet so it could be a quiet start to the week we shall just have to see.
A nice way to end the week with GBPJPY making over 6%. I barely even checked the market today, I was busy helping my gran with some errands then doing some other research. It just goes to show one does not need to sweat over every 5 minute, 15 minute or even 1 hour bar I never understood why people do it to themselves maybe they enjoy self inflicted pain. Building a trend driven approach (statistical model based or otherwise), waiting patiently to enter and then letting the market get on with doing the hard work yields great results without resulting in undue levels of stress. Yes I agree getting to that level of trading is not easy under any circumstance, after all it is no secret the small % of traders that make it in this game.
As I have always maintained we will reach the 10% target before going into more details it's just a matter of time. In the meantime I appreciate everyone's patience.
Have a great weekend, NV
REAL LIVE ACCOUNT:
***http://www.myfxbook.com/members/nv_t...-trader/749457***
Good Evening,
Based on Daily closes, possible:
a) Long CADJPY
Based on today's close, for Monday only a potential long on CADJPY shaping up if it occurs but no stop orders as of yet so it could be a quiet start to the week we shall just have to see.
A nice way to end the week with GBPJPY making over 6%. I barely even checked the market today, I was busy helping my gran with some errands then doing some other research. It just goes to show one does not need to sweat over every 5 minute, 15 minute or even 1 hour bar I never understood why people do it to themselves maybe they enjoy self inflicted pain. Building a trend driven approach (statistical model based or otherwise), waiting patiently to enter and then letting the market get on with doing the hard work yields great results without resulting in undue levels of stress. Yes I agree getting to that level of trading is not easy under any circumstance, after all it is no secret the small % of traders that make it in this game.
As I have always maintained we will reach the 10% target before going into more details it's just a matter of time. In the meantime I appreciate everyone's patience.
Have a great weekend, NV
REAL LIVE ACCOUNT:
***http://www.myfxbook.com/members/nv_t...-trader/749457***