DislikedI am inclined to believe 1618 fib is gonna get hit on GU 6384 Notice cluster is not breaking north Closer look shows Friday close was lower then previous close suggesting strong selling {image} {image}Ignored
Forex as Leverage
Davit's Confluence Trading 2,196 replies
My Trading General following Davit Pivot Strategy 2 replies
GBPCHF Buying Wave (V) Elliot Wave 0 replies
Elliott wave or PA system? 18 replies
DislikedHmmm - at the end that is more a question of fundamentals. Overbought ? So what ! The PA may run and run and run .... the trends may last longer then we may imagine !Ignored
DislikedFew painful observation about my trading. Exiting winning positions way too quickly. (80-100pips) I had 10 shorts on EU from 37 and another 10-12 on GU from 171-170 Exited both way too early.Euro alone would of quadrupled my account by now.Lesson here is if you happen to get on a great trend stay on!! I should of rolled back the stops and let these trades pile in the money. I am painfully aware.Ignored
DislikedHi Davit What is your view on EU and GU now? Both seem to have reached oversold areas Appreciate the inputIgnored
Disliked{quote} Hi Davit nobody knows the final target n where it will start rebounding .....bcz today's forex market is just not anout fundamentals or technicals but Geopolitical news is also affecting big way.... I can assure u that if Scotland topic would have not been here around .... we all would be seeing GU at around 167 currently.... I was reading ur post in cable ... u wrote that GU is closing to its bottom n will see rebound from current levels .... just curious to know did u consider scotland issue in ur analysis bcz if there is yes voting for...Ignored
Disliked{quote} Hi Rocky Yes I wrote about Scotland vote.I am aware.I think GU is strongest fundamentally to bounce lot higher.As far as you holding longs from 1.70 wow....I was selling heavy on same number.... We might be seeing the bottom and your account might just survive. REgardsIgnored
DislikedFew painful observation about my trading. Exiting winning positions way too quickly. (80-100pips) I had 10 shorts on EU from 37 and another 10-12 on GU from 171-170 Exited both way too early.Euro alone would of quadrupled my account by now.Lesson here is if you happen to get on a great trend stay on!! I should of rolled back the stops and let these trades pile in the money. I am painfully aware.Ignored
Disliked{quote} Painful because you missed out on some pips (greed), or painful because you did not follow your plan? There's a big difference as I am sure you agree.Ignored
DislikedBuying Cad shorting USD Short UC on 10 positions 57-77 CAD news was positive today and fundamentals solid.I believe Cad spike was caused by UJ sell off. Things should calm downIgnored