"what doesn't bankrupt me, makes me stronger" modern nietzche
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cable short for gbpusd? 6 replies
DislikedIt could have been followed 100% tech though Salah,Its very difficult to add up all the pros and cons of anouncements.Ignored
DislikedI mean when I think about it all my fundamental views do is cost me money ,lol
And if you want to move on top other pairs its easier.Ignored
Dislikedbro the bulls u are bowing infront of got it completely wrong when it fell from 9900 area where they were aiming at 2.01 and then 2.04
and the 300+ drop was solely because of fundamentals.
be4 any conclusions look back at the drop from 2.11
do u think that drop from 2.11 to 193 was technical
think again it was because of the panic of weak UK fundamentals.Ignored
Dislikedyes, you right.. I just figured out for myself that I am better in a 100% technical trading because this way I do not carry the weight of my assumptions and I close wrong trades without the blink of an eye. The problem I got is that when I put before myself a picture with how the market should react it gets much harder to forget the whole idea that I created in my head and that is when I lose money. I did not wantto sugest you all that you should quit fundamentals, just wanted to share my point of view, my struglges, mistakes and conclusions.Ignored
DislikedFOMC CUTS RATE 25 BPS TO 2.00%
- Economic activity remains weak
- Vote was 8-2 for cutIgnored
DislikedI think we all should away from trading because the software itself gets crazy because of the news: 2.00 cut and the pause for more cut. As far as the Stock exchange it gets up DJIA is already 160 points...
I think i am gonna out of my office to take lunch and away from the computer because I had a bad experience from the last fomc statement....Ignored
Dislikedyes, you right.. I just figured out for myself that I am better in a 100% technical trading because this way I do not carry the weight of my assumptions and I close wrong trades without the blink of an eye. The problem I got is that when I put before myself a picture with how the market should react it gets much harder to forget the whole idea that I created in my head and that is when I lose money. I did not wantto sugest you all that you should quit fundamentals, just wanted to share my point of view, my struglges, mistakes and conclusions.Ignored
DislikedFolks I went long a few hrs ago at 1.9681 with a 100 pip SL. Perhaps I shouldn't have entered then with all the news but I did have plenty of underlying buy signals and the wave back up seemed almost as natural as the turning tide.
Part of the picture I see is below and the rest is on 30 min, 1hr and 3 hr charts.
I had a siesta, got up 2 hrs later and see that price has finally taken off after meandering up and down like a drunk Brit on a stag-night in Prague. It has just broken through the 60ema on the 30 min chart which is more reassurance that this could be a good move.
Of course any unexpected Fed news is less than 5 hrs from now and can impact the market either way, but momentum has kicked in, the plane has taken off and we're finally heading north. It's been like taking a flight from Terminal 5 at Heathrow!
The flight might go all the way and it might crash and burn. I shall scale out sooner than usual and manage with caution.
Safe trading ...particularly with potential big news ahead and on the day which defines the look and feel of the April monthly candle.
RobIgnored
Dislikedoh well, looks like yet another small real body monthly close, 4 months of no real trend move looks set to continue......Ignored
Disliked'now just waiting for a clear descent before short'??
pyramus dont wait too long, by the time you decide to pull the trigger this will probably have fallen 40/50 pips, and then you will be reluctant to sell..
price has shot up 230 pips before an important announcement, doesnt this ring a bell?Ignored