Hi guys, check out my new blog entry, sit back and relax {image}
- #22,322
- Dec 27, 2015 10:39pm Dec 27, 2015 10:39pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
{quote} Exactly....Lehman associated
Meanwhile market's drying than the gobi dessert, cant bloody see a strong price action to trade with....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #22,323
- Dec 29, 2015 3:06am Dec 29, 2015 3:06am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The GBPUSD pair has been in a strong downtrend. However, profit taking, low liquidity, volatility and other "holiday" spices may turn the table. As I always advised, due to previously mentioned factors, holiday trading should be very limited.
Technically GBPUSD has made an inverted Head and Shoulders pattern and if it manages to stay above 1.4870 we could see 1.4950 and 1.5010 levels just after the holidays. L3, DPP, E89 are constituting a strong confluence and if it were normal trading conditions this could be almost perfect setup. But because of thin liquidity, bank holidays, low volatility it could change and make Inverted Head and Shoulder pattern invalid. I suspect that thin liquidity may lead to another 1.4870 test and below that we may see some stop grabs towards 1.4850 and 1.4820.
Technically GBPUSD has made an inverted Head and Shoulders pattern and if it manages to stay above 1.4870 we could see 1.4950 and 1.5010 levels just after the holidays. L3, DPP, E89 are constituting a strong confluence and if it were normal trading conditions this could be almost perfect setup. But because of thin liquidity, bank holidays, low volatility it could change and make Inverted Head and Shoulder pattern invalid. I suspect that thin liquidity may lead to another 1.4870 test and below that we may see some stop grabs towards 1.4850 and 1.4820.
- #22,325
- Dec 29, 2015 2:34pm Dec 29, 2015 2:34pm
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #22,327
- Dec 30, 2015 12:37pm Dec 30, 2015 12:37pm
- | Commercial User | Joined Feb 2010 | 14,361 Posts
- #22,328
- Dec 30, 2015 12:38pm Dec 30, 2015 12:38pm
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Hi, Nenad Does the "scaling in' webinar have been uploaded yet, I couldn't find it...
- #22,329
- Dec 30, 2015 12:39pm Dec 30, 2015 12:39pm
- | Commercial User | Joined Feb 2010 | 14,361 Posts
hi nenad, i would like to thank both you and chris for your support and education towards the forex community. Keep up the good work in 2016!
{quote}
hi nenad, i would like to thank both you and chris for your support and education towards the forex community. Keep up the good work in 2016!
{quote} great stuff, as always
- #22,330
- Dec 31, 2015 5:08am Dec 31, 2015 5:08am
Great thanks for all this year of 2015, Tarantula!
Your lessons, insights and experiences are priceless!
Wish You and for all traders - great, "green" (You know what I mean) 2016!!!
-Lau-
Your lessons, insights and experiences are priceless!
Wish You and for all traders - great, "green" (You know what I mean) 2016!!!
-Lau-
Enter Signature
- #22,332
- Jan 3, 2016 10:27am Jan 3, 2016 10:27am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Hi guys, all questions will be answered, meanwhile if you have the time and wish - read my newest blog entry Trade Smarter not Harder
Cheers!
Cheers!
- #22,334
- Jan 4, 2016 4:10am Jan 4, 2016 4:10am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Great thanks for all this year of 2015, Tarantula! Your lessons, insights and experiences are priceless! Wish You and for all traders - great, "green" (You know what I mean) 2016!!!
Lets make this 2016 awesome too!
{quote} Greetings T and happy new year to all traders out there, Wish everyone to have a pleasant trading experience for this new year! Regarding the set-up as mentioned, can we still have an outlook for this pair to go north at the current price level? Or should we continue to see it as going south? May I know what is your suggestion on this? Thanks in advance.
Hi everybody, and hello, MASTER TarantulaFX!! 
And HAPPY NEW YEAR!!!!!
You know me as Ionut from your weekly webinars at Admiral Markets. 2015 was a really fruitful year in terms of educational gain for my humble trading "carreer". Live results on my trading account are really modest, but I would like to Thank you here and share with EVERYBODY reading this thread the fact that the education I personally had from you is PRICELESS.
As they say, "It's a long way to the top if you wanna rock'n'roll", but I will not quit, and I encourage everybody else not to give up.
I have a day job, (except these few new year's first days), so I will not be very active on the thread, but I silently read and learn, so I encourage you again to keep your good work.
I hereby share with you today's setups based on my trading strategy combined and strengthened by TarantulaFX's shared knowledge.
Wish you all a Happy Green 2016! (You all know what I mean)
And HAPPY NEW YEAR!!!!!You know me as Ionut from your weekly webinars at Admiral Markets. 2015 was a really fruitful year in terms of educational gain for my humble trading "carreer". Live results on my trading account are really modest, but I would like to Thank you here and share with EVERYBODY reading this thread the fact that the education I personally had from you is PRICELESS.
As they say, "It's a long way to the top if you wanna rock'n'roll"
, but I will not quit, and I encourage everybody else not to give up.I have a day job, (except these few new year's first days), so I will not be very active on the thread, but I silently read and learn, so I encourage you again to keep your good work.
I hereby share with you today's setups based on my trading strategy combined and strengthened by TarantulaFX's shared knowledge.
Wish you all a Happy Green 2016! (You all know what I mean
) Ionut
- #22,337
- Jan 4, 2016 5:53am Jan 4, 2016 5:53am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Hi everybody, and hello, MASTER TarantulaFX!!
- #22,339
- Edited 7:24am Jan 4, 2016 6:24am | Edited 7:24am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Hi everybody, and hello, MASTER TarantulaFX!!
{quote} Hi T, Enjoyed your blog, brought back many painful memories! I've been trading for a living for 5 years and have made all the mistakes in the book (impulse trading, revenge trading, martingaling, poor money management, etc.). The main thing I've learnt is to plan your trade and trade your plan. You can have the best trading plan in the world with a 100% guarantee of success but emotional intervention and deviation from the plan will result in failure. It took me 3 years of daily screen time and hard work to reach the stage where I had a trading plan I was comfortable/confident with and had developed the right state of mind. Ignore the get rich quick adverts - there are no shortcuts. It's a tough process and small wonder that 95% of traders fail. However, go through the pain barrier, learn from your mistakes, stick to your plan (keep re-evaluating it) and a high annual income is achievable I always enjoy your blogs and seminars. You're one of the rare traders willing to give their time to help others with respect and empathy. Best wishes for 2016.