DislikedDavit, check out the M tf on the GBP/CAD. Is that an engulfing or what? Threw down some for long term growth. Lookin' kinda ready to give some growth spurts as the commodity currencies....(CAD, NZD, AUD...I know you know that) are getting clocked. "Set and forget."Ignored
I am unhappily short on GC on multiple positions.Nagative news does not help my positions.
If you look at the weekly chart GC has been in channel since 2010 and 6450 is kind of topping off.To go higher GU must go higher as well.
I am in real dilemma.Closed everything and take a ass spanking loss or hold on to 1.60 at least to get out.Its really stressing me now.I foolishly misjudged the strength of cable.
I can tell you this from now on only trades will be in direction of trend.
I am looking at E/N at 7150 for strong sell zone previous turning point.This could be my biggest loss in my 2yr trading venture.Lot of things to iron out.
In trading, you have to be defensive and aggressive at the same time